What should we focus on more? Demand or Supply?

[jony35490]

For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.

[adpinbr]

economically speaking I think equilibrium is a must. if there are more demands than supply then it is scarcity. if there are more supply than demands then there will be left overs put into waste. People should think practical.

[7Dyoknga5]

Good point. Just like in the market, products being hoard will increase its price but affects other players in the market. For example, if sugar will be hoarded, a lot of other products will be affected, food and drinks in general.

Hoarding bitcoin will only discourage stores, shops or merchants from accepting bitcoin for transactions because few or none are using it.

[Kusnechik]

All interested should concentrate on increasing the demand for crypto currency in the population to strengthen the market position.

[katri]

We should put our effort to demand because that's dictate the price. The highest the demand the bigger the price will be. Bear market is cause by lower demand we should put everything in demand side.

[Indrawan77]

Hoarding actually wont make bitcoin grow further, it can help people to avoid panic sell but can't make bitcoin grow, the correct way to make bitcoin grow is by creating the awareness like OP said and asked people to invest in bitcoin, but we can't asked local shop to accept crypto, because its not giving benefit to the store if the price keep on fluctuative, and some government won't allowed crypto being used for transaction payment, to make bitcoin into healthy currency the demand and supply need to be balance

[qwertyup23]

Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.

Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses).
But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker).

A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.

Well considering on a business perspective, accepting bitcoin as a payment is definitely risk with its volatile value. Not to mention the transaction speed, business owners are at a double-edged sword if they accept bitcoin as an alternative payment. But on the other hand, if everyone in the industry starts to accept it as a means of payment, it would encourage more business owners to utilize such and influence the government to support this payment which eventually would be beneficial to both parties.

The only hindrance that I would see is the implementation of the said system and incorporate it on the industry. Not to mention, not everyone has bitcoin on their hands which also contributes to this problem.

[hungsanh2512]

Electronic money always exists in parallel between supply and demand. If supply is low, demand is high, push up prices are indispensable. Thing is scarce is expensive. If supply is high, demand is low, price increase is also limited.

[reyblack]

Yes of course HODLing is good and eventually would initiate price increase but, if no one buys, the market price will not grow and would sometimes dip more due to panic sell off, as some investors want to save their invested money in crypto. So its better also to improve the demands or any businesses should be open and will accept bitcoin as a mode of payment in order to keep the market going and become healthier in the long run.

[alfs75]

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >    

Will booth of this are needed in cryptocurrency investment,the demand anf the supply because these two are always together to create a good investment,otherwise if more demand in the market,the more supply its needed and vice versa also thats if more supply of crypto coins,its better have a great demand,but in this situation now more supply now in the exchange market and lack of investor demands of its crypto coins thats why the market price value going dump.

[Girlsbit]

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >    

Now there are many proposals, you need to pay attention to demand.

[sempak bulong]

Supply and demand are interrelated. both are unity in trade, but demand is more important because they will support rising market prices.

[entrepmind23]

Yes of course HODLing is good and eventually would initiate price increase but, if no one buys, the market price will not grow and would sometimes dip more due to panic sell off, as some investors want to save their invested money in crypto. So its better also to improve the demands or any businesses should be open and will accept bitcoin as a mode of payment in order to keep the market going and become healthier in the long run.

We need demand because we know that supply is limited and even if we are hoarding it, there will be a tendency that the current holders of it will sell off some and then buy back again if the price would be cheaper but then other people or those who doesn't know about bitcoin that a digital currency is existing so it would be more advantageous for us if we increase the awareness of the people regarding bitcoin by spending it and promoting it so that demand would increase then.

Hoarding actually wont make bitcoin grow further, it can help people to avoid panic sell but can't make bitcoin grow, the correct way to make bitcoin grow is by creating the awareness like OP said and asked people to invest in bitcoin, but we can't asked local shop to accept crypto, because its not giving benefit to the store if the price keep on fluctuative, and some government won't allowed crypto being used for transaction payment, to make bitcoin into healthy currency the demand and supply need to be balance

When people refuse to sell what they are holding then there is a tendency as well that there will be big dump that will happen in the future because once the price goes down, there is a tendency that it would become a major sell off and the holders will panic causing a big red candle and it would have a domino effect until such time that sellers are exhausted so it would be better that there would still be volume in trading which is buying and selling so that there is an organic growth.

[Altf4]

Because of the many coins that are in the market now ,then we can say that thete are plenty of supply of tokens and coins in the market ,so we will focus on the demand of the customers and investors for wr have already the plenty of supply of coins in the market.

[mitchr4]

I prefer demand even though supply is also very useful for smooth sales. But without a lot of demand sales will not succeed. Supply can be tricked if the demand is high total supply can be added again but not for demand because this comes from people who are interested in buying it.

[valentinen39]

For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.

In my own opinion, demand is more important because in this way the price will increase as well if there is a high demand on the market in a specific coin.

[Betwrong]

It is easier said than done, because a lot of people would be very reluctant to spend any bitcoins when the price is very low.

Since 2017 a lot of speculators have started to invest in Bitcoin and their sole purpose is to maximize their profits. They could

care less about merchant adoption and even considering spending some of their coins. We should focus more on a 50/50

percentage split in our efforts to grow demand and also to limit the supply. Now, I am not saying spending 50% of your

coins, but rather focussing more on spreading Bitcoin awareness. 

I thought OP meant holding 80% and spending 20%. No? No one would advise spending 80% nowadays, when the price is so low. But I absolutely agree with you on focusing more on spreading Bitcoin awareness. We need much more people using Bitcoin for its stability because right now most part of BTC is still in hands of a few people and those people can easily manipulate the price. With more adopters BTC will be reallocated among many users each of whom will be holding amounts too small to be able to manipulate the price.

[BitHodler]

Well considering on a business perspective, accepting bitcoin as a payment is definitely risk with its volatile value. Not to mention the transaction speed, business owners are at a double-edged sword if they accept bitcoin as an alternative payment.

The risk of volatility and everything else you state can be countered simply by using a third party payment gateway to take care of storage and conversion to fiat. Merchants don't have to deal with Bitcoin if they don't want to.

Some payment gateways give you the freedom to also partly have your sales transactions converted to fiat, but that's probably not a smart thing to do since merchants aren't supposed to use Bitcoin as speculative vehicle.

In other words, the problem isn't Bitcoin, but more so the overall ignorance. If merchants know that there is a great way to hedge volatility risks, there probably would be more places where we could spend Bitcoin right now.

[ylnar123]

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >    

I strongly believe that on what you suggest is a good idea. Sharing the information about how and what are the usage of Bitcoin will help the demand increase. Hoarding would only escalate when thing goes the other way. The technology that Bitcoin has offered is what people should know and not what the price it has.

[2weent6]

For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.

In my own opinion, demand is more important because in this way the price will increase as well if there is a high demand on the market in a specific coin.

We cannot do anything about the supply especially when we are talking about bitcoin, so its better for us to focus on the demand because its given that the supply of bitcoin is limited and when we are focusing on the demand, the price will become higher.