The more popular Bitcoin is, the more valuable it is？

[Turbolinea]

Popularity is really a big factor that helps a coin become more valuable in time. Because becoming popular means that the demand also increases at the same. Demand rate is a very important thing for a coin to be able to break resistance levels much easier and move on. So, people demand Bitcoin more day by day. And it streamlines things for Bitcoin price to reach much higher levels and achieve new ATH levels.

[Imran232]

Yes you are right. If bitcoin becomes more popular day hy day then it must be more valueable. That time one bitcoin will be untouchable for billionaires too. Who knows it might be possible.

Lets calcute something. We know that bitcoin has 21 million max supply. So this amount for whole bitcoin community. Just think whole worlds people known about bitcoin and everyone want bitcoin.
So now if we calculate. World has almost 7.8B+ people

So 21M/7.8B= 0.00269230769 Btc per person. (Just a imaginary calculation, because that time people can increase.)

Can you imagine. Now just think holders can't sell but people want to buy. So buyer increase price. Now people want so increased the price. Now can we imagine how much value people made this btc.

Its just my imaginary thought. Your thought might be different thank you.

[DarkDays]

Popularity is one of the essential things for Bitcoin like it is the same for all of the other coins also. The more the popularity it has, the more the price will be in short. But of course, it will not affect only the price. Bitcoin adoption will be able to reach a much better level also.

Well, in a way, yes, popularity means higher value but what @Pulsar77 is saying about adoption is even more important.

Adoption is what everyone needs, because this provides more utility and in effect leading to higher value. Regulatory settlement from main countries is also necessary in order to see BTC value reach incredible milestones.

Though, I imagine these things to fall into place with time! For such a disruptive technology, crypto is still in its early stages.

[South Park]

It is really something that we need to ponder upon. How something that cannot be touched, seen, or perceived as real, is having a value that is worth more than gold. Much like the governments of the world giving value to fiat currency, so are the people that gives value to crypto especially Bitcoin. I think, the more people think of it as true, real, and valuable, then the more valuable it becomes. Not to mention of course market forces that would give Bitcoin a very high price due to high demand.

You've answered it already, it's because of the people that believes and perceives that there's value in it. I think that it's the ultimate truth in regards to the reason why bitcoin has a value like fiat, their both backed by faith of the people and that it can be used to trade goods and stuff.

Fiat derives most of its value basically from the fact that governments support it and declare is the only legal tender you can use in the country, bitcoin derives its value from its technology and its amazing characteristics, so while fiat has no fundamental value bitcoin indeed has one and when we add the popularity it has due to this then it makes sense that this creates a positive feedback and we can see this feedback on the increase in the price that is happening right now.

[Myleschetty]

I believe most Bitcoin investors only care about the profit they make which is the reason most people only believe that the more popular Bitcoin is, the more it will be valuable in price whereas this will also make the market to be easier to be manipulated.
For every advantage, there will always be disadvantages.

[Fredomago]

Cryptocurrency especially bitcoin now become very popular all over the world and I don't think that there is still greater number of people who don't have knowledge on cryptocurrency compared to those who have an idea on it especially on the teenager and above. The point that cryptocurrency has still huge transaction fees it wouldn't be still advisable as payment option, as people will still prefer to choose the one that will lessen their fee and the transaction time that it will needed.

Some people know the existence of bitcoin but I believe, still a lot of them has not done any btc transaction yet. But in all cryptocurrencies that exist, if you ask a regular person, he will first think of bitcoin rather than any other alts. They know it exists, but most of them are still hesitant to touch the crypto market because of lack of knowledge.

The very beauty of this coin, as even those who are not really attached to this market acknowledge it's really exist, though they are not in the position yet but if there's a chance the first thing that will come to their mind is bitcoin.

An idea that once being developed, interest may lead them to invest inside this market, as like domino effects demands create more value and value attracts more people's interest.

Still, at its young age, Bitcoin can deliver more in these incoming years, as there are many adoptions and more newcomers that bring new invested money to flow.

[Spack17]

Being popular is not enough for it to become more valuable. I mean that people were once talking about Bitcoin on Twitter and making it trend topic. And the number of Google searches about Bitcoin was also increasing. And this was affecting the price positively also. But I see that this kind of external factors don't affect the price directly anymore. Instead, people should continue to demand and buy Bitcoin as much as possible. This will help it become more valuable surely.

[ilovealtcoins]

The more people know about Bitcoin, the more people use Bitcoin as a payment or investment Bitcoin. I agree that Bitcoin's popularity has increased over time.
Currently, young people have participated in investing in Bitcoin more and even companies and investment institutions have joined this market. I believe the rise in Bitcoin price during this bull cycle is due in no small part to the companies.

[TheUltraElite]

Being popular is not enough for it to become more valuable. I mean that people were once talking about Bitcoin on Twitter and making it trend topic. And the number of Google searches about Bitcoin was also increasing. And this was affecting the price positively also.

Because we see the price of Bitcoin in terms of how many USD it can possibly yield when sold, we see these changes. But 1BTC remains 1BTC whatever the price in USD might end up as.

Hence the effect is indirectly raising the price. But the amount gained remains same.

But I see that this kind of external factors don't affect the price directly anymore.

The fiat price will be affected. It does not matter if people understand or not, being more popular brings in more investors who are in for the quick flip thereby causing a inorganic price pump.

Instead, people should continue to demand and buy Bitcoin as much as possible. This will help it become more valuable surely.

You are again mistaking the price vs amount argument. Yes the fiat price will increase but amount of bitcoin will not change against which that price was increased. Hence buying at the higher price is actually a loss, because you would have to sell even higher to profit.

[South Park]

Being popular is not enough for it to become more valuable. I mean that people were once talking about Bitcoin on Twitter and making it trend topic. And the number of Google searches about Bitcoin was also increasing. And this was affecting the price positively also. But I see that this kind of external factors don't affect the price directly anymore. Instead, people should continue to demand and buy Bitcoin as much as possible. This will help it become more valuable surely.

It is not really an external factor, the more people know about bitcoin the more present it is on their lives then the bigger the chances of them adopting it, this is why bitcoin has been adopted by the young as they use social media way more than older people and they have friends and acquaintances that use bitcoin and then they decide to use it themselves as bitcoin is simply a technology that is going to change the world and they want to be part of it.

[MKings]

Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.

[Maeve@]

The more popular Bitcoin is, the more valuable it is, but the premise of its popularity is that Bitcoin must have enough market applications. When people can use Bitcoin to buy more and more products, the more people who use Bitcoin will be. More and more, the number of bitcoins will decrease, and the price will naturally increase. This is the trend and it is inevitable.

[CDC AP]

The current usage rate of Bitcoin is not very high (I mean daily transaction payment).
Investment still accounts for the majority. We all believe that the value of Bitcoin will get higher and higher.
Bitcoin's volatility is still relatively large.
I recently saw that the price of Bitcoin is rising, and I will definitely not use Bitcoin for payment during this period of time.

[Taskford]

Popularity brings demand that's why bitcoin need to be recognize around the world and reach more far so that we can see the price rise since if we stop here and the adoption is stagnant then we can expect to see less movement from the market. But if we see more buy order comes due to people keep buying for any purposes then we can see the bullish state of bitcoin.

The current usage rate of Bitcoin is not very high (I mean daily transaction payment).

Nope what we see so many times that bitcoin network is congested so from that there are so many transaction happen the only thing what lacking there is the awareness and acceptance on business sector so maybe bitcoin supporter should work on it so that government and businessman will find bitcoin as good for transactions.

[TheUltraElite]

Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.

Recognition is not equal to buying. Being able to read and being able to buy the thing you are reading about are two different thing. There are so many countries where people have heard about about bitcoin but can they allow themselves to buy it? A lot of problems arise there.

Also with more novice players, the price will rise up inorganically because they will likely FOMO.

The current usage rate of Bitcoin is not very high (I mean daily transaction payment).

Comparing with the worldwide use of other modes, I agree. Spending bitcoin for common goods is way less to give it a mainstream tag.

We can be hopeful that in future we will see better acceptance and use. There are methods to mitigate the price volatility but they will come in when the acceptance is larger than today.

[Levero]

The more popular bitcoin is, the more people will learn about it, and when they realize the value of bitcoin, they will buy and use it.
The value of bitcoin will be affected by market demand. Because the number of bitcoins is fixed, as more users start to invest in bitcoins the adoption rate and demand of bitcoins will increase, and its value will continue to increase.

[Kong Hey Pakboy]

Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.

It doesn't really matter how they affect the market because these people are going to learn along the way, that is if they survive their first dip and they don't panic over it then I am pretty sure that they're going to be a mainstay in the market. I think that it's the only way for bitcoin, when it becomes popular, it's definitely going to go up in prices.

[Sanugarid]

There is a lot of hype among Amazon, Apple, and Tesla about accepting Bitcoin as a payment method. Many of them say that the adoption is better, but if the company converts a large amount of Bitcoin paid by customers into legal tender, it will give Bitcoin. The currency brings a lot of selling pressure.
Bitcoin is limited. Everyone uses Bitcoin for payment and daily transactions. Bitcoin is becoming more and more popular. Many people know that Bitcoin also has countries that set Bitcoin as legal tender. If Bitcoin is used to pay salaries, is it necessary to collect taxes?

Well, If BTC was used as payment for salaries then it means it is considered as a legal tender on that particular country and of course its subjected to taxes because regardless of the form, its still considered as income for every individual.

Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?

I think the majority of people who're into BTC considered it investment material so I doubt that it would be used for daily transactions if they've been given the chance to use it for exchange. Devalued? Its unlikely to happen but there might be a chance in the future.

[Assface16678]

I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.

[taufik123]

I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.

when it comes to price issues, actually the price goes up and down BTC can be predicted by doing analysis, so of course you can know when it will go up and when it will go down. although technical analysis is not 100% accurate but it will be very helpful to predict prices.
BTC value will rise again, but before going higher, there should be some corrections needed to form strong support to reach new ATH.