What will be the consequences of increasing demand to bitcoin?

[Efairam2018]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

[1715543777]

1715543777

[ralle14]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

This is what I would also say if I was a newbie, you need to read more and you'll see some of the problems with Bitcoin. Profit sounds nice but if the price keeps increasing we might get to a point where 0.001 btc costs $100 and the regular miner fees costs 0.002 btc or more because of how busy the network is because of the daily volume. This will force people to buy other coins that are less expensive than bitcoin and could take over bitcoin in the future.

[Angi]

The negative thing about bitcoin is they use bitcoin for pyramid scamming many of users and investors want to invest there money to a high profit to comeback with them so many people are use it to attracted users and investors to collect money form them so thats why so difficult and very risky now to invest in bitcoin because of its popularity.

[RamonBTC]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

Yes and we have experienced it this past few weeks, the higher transaction fees and congestion on network that have to wait for days for one confirmation. That’s why many member are using free/paid acceleration services this days and been abused by some to get money/tip from those desperate clients. I’m still hopeful that the solution to this problem be made before it’s too late.

[TheGreatPython]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

There will be no negative consequences of increase in the demand of bitcoin. In fact, this will increase the market value of bitcoin as the most common consequence which you observe due to increase in the demand of anything is the increase in the market value of that thing. As the market value is increasing, so it is resulting in the market value of the bitcoin by much larger value.

[lenovo16]

Since bitcoin prices are extremely driven by supply and demand the price is affected greatly if the demand increases. The thing about it is that large swings in price will likely occur and once everybody who wants bitcoins already has their fill then it would be hard to sell it at high prices hence it could lead to price drops as well. Well this is actually ehat is happening right now. Volatility is still a problem because of the ever changing demand for bitcoins.

Yes I strongly agree with you buddy. The first factor that cause the change in price of bitcoin is the demand of it in the market.  And the reason why there was a shortage in the number of bitcoin , was because of the bitcoin earner that keeps on hoarding bitcoin, that cause shortage of it. And because there was a shortage, it will surely increase in price. While if the bitcoin earner are in the panic selling, surely the price of bitcoin fall down. Because of the exessive supply of BTC.

[tannerchum]

I think the Consequence's of increasing the demand to bitcoin is we have it called in economics Inflation it means the price and goods will be increasing too. Because Bitcoin is social desirability which is means an economic benefits. In that case people have income because they invest at the same time they will have savings for their future that is also one of the consequences of bitcoin if the demands goes high. 

[Kevin77]

I guess, the consequence of increading demand of bitcoin is that it becomes too expensive to afford even a single bitcoin.

Well, that would be for those who may see it as something that is too expensive to afford but I really do not see that as a negative effect.

Increasing demand is something that is expected in the long run when bitcoin becomes so easy to use as a currency than it just being an asset, but looking at the way things are presently, without the LN being deployed to solve the scaling issue, the lagging network and congestion, will end up making investors to lose interest.

[Tungsten-1]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

There will be no negative consequences of increase in the demand of bitcoin. In fact, this will increase the market value of bitcoin as the most common consequence which you observe due to increase in the demand of anything is the increase in the market value of that thing. As the market value is increasing, so it is resulting in the market value of the bitcoin by much larger value.

Agreed! the most basic principal which is being followed at almost each and every place is one and only demand and supply. Increase in demand of bitcoin will definitely result in the market value of bitcoin. The only thing which helped bitcoin to have this much of market value and fame all over the world is none other than that of increase in the interest of the people regarding bitcoin, thus increasing its demand.

[onrise]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

Nowdays bitcoin is being used for the investment purpose in the people portfolio. Like people do invest in stock, real estate etc so nowadays they also have the cypto currency as another option and since everyone want to make some profit they are investing and due to which its profits is increased which is a good thing for the people who has invested in it.

[annango]

The transactions will continue to rise if the demands goes up the price will go up and the fees will become a problem once again because miners can't mine fast with the huge rate of transactions per second. Also you'll get less bitcoin if the demand goes up in the future and the amount you bought might not be spendable if the fees become so expensive.

If bitcoin is becoming more and more popular in the future, it definitely gets a big issue and it makes many people who never use bitcoin feel confused. Absolutely, it strongly affect to our economy also our finance. I’m sure that most of us will start taking general investigation for btc’s market, then buying it. Yep because  its value, it will become more expensive. Most of us may spend time doing find information for bitcoin than others ,and it will look as if an important work in their life. That will lead to many people becoming unemployed. So it’s really a complicated issue if bitcoin is getting more and more popular.

[ajdaj]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

Nowdays bitcoin is being used for the investment purpose in the people portfolio. Like people do invest in stock, real estate etc so nowadays they also have the cypto currency as another option and since everyone want to make some profit they are investing and due to which its profits is increased which is a good thing for the people who has invested in it.

xil the owners of these portfolios are almost very strongly prone to panic moods, Because if someone starts to spread the information about the nearest drop of Bitcoin, then all very quickly and amicably begin to sell Bitcoin. It is already verified that in such a way they try to manipulate the market. But no one can predict the future of Bitcoin in the future.

[fireblond]

Increase in demand leads to increase in price which might seem as a good thing but we must not forget that those new to bitcoin could get confused by paying a thousand dollars just to get fractions of a bitcoin yet I'm all for slow demand increase and would rather see it grow slow and steady as it would give less reasons to be called a bubble.

[Washball]

If the demand increases the consequence will be that the price will be so high, that Bitcoin will be unaffordable. If bitcoin is then used for what it's meant for, the fees might also be too high. So, first of all the issues like too high fees and transaction speed must be solved first.

[cybersofts]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

There would be only prostration for those that sold their bitcoins now in the future. Bitcoin has limited supply of only 16.7 million in circulation worldwide. The demand of bitcoin is higher than the supply that is why the price will continue to go higher and higher.

[annango]

if you look at the increasingly popular effect of bitcoin, I think its price will increase higher due to the growing market demand, and it will be very difficult to find bitcoin because many people will try to find and save their bitcoin, transaction fee will increase and network transactions will get busier as many transactions will happen if bitcoin gets more popular, maybe there can be a tax withdrawal from the government for the income we earn from this virtual currency, just the guesswork

In my opinion, if the demands of investing bitcoin is getting more and more popular, it will affect both in positive and negative way. Of course, if there are too many people investing bitcoin, its price will always keep rising, so it leads to a difficult way to find and buy bitcoin and the same as that transaction will increase, too. However,if you think positively, it’s real interesting when bitcoin is used in popularity. There will have almost countries accept bitcoin like an official extra currency, we can use bitcoin to many things. But people will gradually keep an eye on it and may depend much on it. In any way, it’s really complicated that it becomes more popular.

[armansolis593]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

With the current system of bitcoin there will be huge negative effect that will come along with it, the higher the transaction that is being made from day to day the more congestive the network will get and we saw the result of it back in 2017, but i guess the popularity has been split with the alts and somehow bitcoin network is couping up with the demand.

[arpon11]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

If the demand for bitcoin keep increasing then you should expect the prices to rise too as the law of demand clearly stated this. The only problem that may occur in future is that this may couse inflation to set in. Bitcoin has made a lot of people rich and most of them don't even know what to used their earnings for. I think bitcoin price will never be stable as the demand keep increasing. If you go across most of the exchange platform you will testified to this, the demand rate is too high.

[coinplus]

I think we are now encountering the consequences of the increasing demand. The fees in transacting bitcoin is very high plus the confirmation process is very slow right now.

Looking at the question that the OP asked though, that should not be a negative effect. There is really no negative effect that the increase in demand can cause, except for those who could have wish they were given the time to accrue as much as they would have wanted to before the bull run starts because that is exactly what is going to end up happening with increase in demand.

[iqlimasyadiqa]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

I do not think there will be too many negative things, Bitcoin is a very profitable financial platform. Ease becomes a thing most depended on by bitcoin and digital currency. As more and more people are using Bitcoin it will make the Bitcoin price increase, this is the thing that will be the most influential and for me this is a very positive thing.