What will be the consequences of increasing demand to bitcoin?

[TeraBitHoven]

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

[batang_bitcoin]

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

One negative thing that I can think of is the new investors will consider it expensive. As the demand gets higher their entry point will be too much and expensive. And another one is those holders that has focused with their investments with alt coins will be also affected and it can cause their portfolio to be in a quite falling but still crypto market is volatile. It can recover after and bitcoin can still has higher demand and other alts as well.

[michkima]

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.

[13abyknight]

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

We're already witnessing a lot of problems as of right now due to the increased popularity of Bitcoin and this could be considered as just the beginning. There is already a massive congestion in the network making the transaction fees skyrocket and carrying out micropayments is not at all worth it. Lets hope the core will step up and deliver big updates to overcome the scalability issue.

[VitKoyn]

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

I think the negative effect when Bitcoin demand increases is a huge crash in price. Why? most people are investing in Bitcoin to make profit and not to use it for payment and when the demand rises Bitcoin price will skyrocket and when it hit a certain amount some investors will surely take their profit that is the time that its price will temporarily drop or crash, but this is not really a negative effect since it open an opportunity to buy in discounted price. Another negative effect is network congestion, we all know that Bitcoin is experiencing scaling issues so whenever the demand increases, we can expect more unconfirmed transactions and transaction fee rises too, but this issue will surely have a solution soon.

[Zalfa_mui]

I don't think there is any negative effect, bitcoin prices will increase.The more people who invest in bitcoin, the bitcoin stock will be more limited.

[Vannie12]

It's not actually negative effect because everything that increases bitcoins popularity means it's growing.
I think what you meant was what would people react to the current growth.
Well investors will think they are not able to make it with bitcoins because it's too expensive.
They are more at risk of losing capital because of its volality and they have started at a high point.
They would see the effects of growth or indication that it's more popular now, like slow transactions and fees.
Some would not believe bitcoin because of the main concept explained but can not be experienced today.
Soon there are more things that will make people hesitate.

[jojowar]

The consequence of increasing the demand to bitcoin is that the value of bitcoin will also increase. The law of supply and demand applies to it. If you say negative I think the price of the bitcoin becomes higher if you buy it because you want to invest or trade it.

[Carmen01]

Some of money value will fall like yen and dollar because we can exchange btc to any fiat now like in our country but it's good also to the economy who use crypto as a digital money,Moreover always think the positive here and continue what you doing in crypto because we don't have assurance in anything about crypto and it's more on investment tools than a value of anything like that.

[ralle14]

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.

[alfs75]

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

We dont know if bitcoin popularity will be affected if there some negative feedback  about of its name in digital currency like ponzi,or some phishing sites used by the name of bitcoin,because mostly even now there some news,blogs ,media,or some vip person who criticize  about bitcoin that they said its fraud or ponzi,but the name of bitcoin is always stand still there and continue's its legacy towards the whole world.because the truth is bitcoins always in the right side to help each and everyone of us to become an entrepreneurs in the world of cryptocurrency.the real talk is bitcoin  reputation could not destroy easily.

[Samarkand]

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

We're already witnessing a lot of problems as of right now due to the increased popularity of Bitcoin and this could be considered as just the beginning. There is already a massive congestion in the network making the transaction fees skyrocket and carrying out micropayments is not at all worth it. Lets hope the core will step up and deliver big updates to overcome the scalability issue.

The main reason for the huge increase in transaction costs is not the increased popularity of Bitcoin.

The two major reasons are:
1. Miners gaming the system. By bloating the mempool with transactions they increase the fees for every
Bitcoin user, who wants or needs a fast confirmation for his transaction. Besides, most Bitcoin wallet´s
fee calculations are calculated based on the mempool, which causes users to pay unnecessary high fees.
Besides, Bitcoin Cash supporters are probably attacking the Bitcoin network by spam transactions, too.

2. The price increase
The huge Bitcoin price bull run of 2017 has caused the Bitcoin price to increase by more than a magnitude.
This has caused fees to go up dramatically, because fees are not calculated in $, but in Satoshi.
If the BTC price would experience a sharp drop, fees would come down, too.

Therefore I´d argue that the increased popularity of BTC is not really a relevant factor.
I don´t think your average person buying Bitcoin after seeing a report on CNBC is making
many transactions. They probably keep their Bitcoin on an exchange and never really
move it at all on the blockchain.

[Kemarit]

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

As demand goes higher, the price increases, the FEE's goes to the roof as well. That's the biggest negative effect of the increasing demand of bitcoin. Casuals or ordinary investors can't buy because the price is very expensive that right now the landscape is changing. Its now beginning to be the playground of the big boys. But I don't call it a negative effect, just part and parcels of bitcoin gaining popular nowadays. Solutions though is on the horizon, like Lightning Network which has been tested and soon to be implemented. Only question is when. Right now, its very sad that we are experiencing a high transaction fees, and can't do anything and we are at the mercy of the miners, however, we need a little patience until a better solutions have been in place.

[Willitivity]

In as much as the increase in demand for Bitcoin brings about an increase in price. The negative impact is also there, when the demand is high due to influx of people will bring about a congested network with transactions getting slow and fees going up. And as Bitcoin is getting more popular, this is inevitable.

[Protected101]

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

The consequences in increasing the demand of bitcoin is the fees is also higher when we transacting and due to increasing of price we cannot buy bitcoin because its price was too high.The negative impact is the investors cant invest because canno afford to buy or sell bitcoin.

[Sadlife]

No in fact it's the opposite the more people knows it is the more chance people will use, buy or invest it. Since bitcoin is derive's from the supply and demand,  the higher the demand,  the higher the price will get and of course btc hodler will benefit from it. It is just simple economics.

[yojodojo21]

Why in The Earth, That There is going to be a consequence of The Demand of Bitcoin. There Will be no such Thing Like That, In The Crypto Digital currency, Money Always Run About, And Then If you Don't have The Exact amount Of Money For Buying BTC then That's Not Other's Problem. Demand Of Bitcoin Keeps on uprising because it has the Power of Great volatility that can make Everybody rich. In an Instant if you have put all your money into it. But, Be wise Because if you do mistake then that would be  the consequence is and will be your biggest regret.

[akram143]

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

Yeah,the transaction fee will be increased in terms of USD so it make bitcoin unusable and people only think bitcoin as an asset and not currency.

[Zadicar]

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

We are already seeing as of now regarding on the things do happen into bitcoin not really a consequence but the disadvantage when it is already becoming popular as the years goes by.Since bitcoin still didn't resolve about scaling issues then it would really suffer on congesting network due to small blocks which would really result for longer confirmations and at the same time we do suffer on huge fees too because we do see if price tends to go up it  would really result to congestion since miners would really prioritize for those people who did put up huge fees.

[sajeebur rahaman]

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

No, I do not think that, look at Bitcoin with other common stock markets.The market is always in the up trend There is no such thing.Every market has a time cycle.Surely you understand