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

[DapanasFruit]

I am expecting that as more and more people can be using Bitcoin for myriad of transactions on a daily basis, then the demand will, of course, naturally rise and if there is a strong demand there is that tendency for anything to rise in terms of price. Can you just imagine if soon there will be at least five big countries that will recognize Bitcoin as a currency? That can send the price of BTC to stratosphere though of course this is a see-saw kind of thing because if BTC can go high in a short period of time there will be people who can be turned off with it...this is all part of the market dynamics that maybe hard to exactly predict though it can be exciting to watch. This is the reason why people are now watching developments in El Salvador.

[Wong Gendheng]

If the company adopts Bitcoin, it means that the supply is being swallowed, and its scarcity will occur, which will push up the price. It also proves that Bitcoin is trustworthy in the eyes of some large companies. It is held and sold for profit and it will increase the value and adoption rate.
As more people use Bitcoin, its popularity increases, and the price will rise accordingly. Investors will benefit from investing in Bitcoin. Everyone wants to buy it at a low price and hope to sell it at a higher price.

Many large companies buy bitcoins in large quantities, this can be seen from many large transactions, this certainly makes us optimistic that the future of bitcoin will continue to improve.

[Sasdy]

Of course, the more popular a product is, the more it is in demand, and many people want to purchase it for it.

[kotajikikox]

If the company adopts Bitcoin, it means that the supply is being swallowed, and its scarcity will occur, which will push up the price. It also proves that Bitcoin is trustworthy in the eyes of some large companies. It is held and sold for profit and it will increase the value and adoption rate.
As more people use Bitcoin, its popularity increases, and the price will rise accordingly. Investors will benefit from investing in Bitcoin. Everyone wants to buy it at a low price and hope to sell it at a higher price.

Many large companies buy bitcoins in large quantities, this can be seen from many large transactions, this certainly makes us optimistic that the future of bitcoin will continue to improve.

Don't just look for those who buy but also for those who sells, because if the amount of selling is the same from the amount of buying then this is a proof how trustworthy this market and this currency .

Of course, the more popular a product is, the more it is in demand, and many people want to purchase it for it.

yes a market cycle and reality that the more popular is the more in demand and much higher value.

[Tahsin Kabir Kollol]

It is a common thing that as the demand for things increases, so does the price. In the case of Bitcoin, on the other hand, this argument is more valid because the total supply of Bitcoin is a certain amount. As the status and popularity of Bitcoin grow, so will the number of users, so that the price will continue to rise as demand increases. Also, when large companies accept Bitcoin, it creates a positive perception of investment among the public and increases both demand and value.

[marilynmanson21]

the more popular bitcoin the more sought after, this can also be called the law of the market,
if bitcoin is used for payment of employee salaries, will this not be detrimental to the employees themselves because they will be subject to income tax and in my country the income tax in my country is quite high every month, I prefer fiat to being paid bitcoin

[lovesmayfamilis]

In my opinion, Bitcoin will become valuable once it is fully accepted by regulators. As long as a stick is put in the wheel in its development, and people often find themselves in the position of not understanding their further actions about bitcoin, the popularity will not be what it should have been. Many countries prohibit Bitcoin, and only a few people go against the laws and remain committed to bitcoin.
I love Michael Saylor's belief that he says Bitcoin will be owned by everyone and Bitcoin is the property of the future. . I would like to believe his predictions, and even more respect him for the fact that being an experienced investor, he invests a lot of money in this coin, despite the different background that appears from time to time against bitcoin.

[cotton ball]

it's true as you said, the more popular bitcoin can be said to be more valuable, because we can see from the beginning of the emergence of bitcoin there is no price at all, even bitcoin has less trust from most people,, only in 2017 many people have held bitcoin, and bitcoin are already popular, and the price of bitcoin is starting to increase..

[AicecreaME]

The value of bitcoin mainly depends on the demand in market. The popularity of bitcoin has helped gather many investors which increases the demand that causes bitcoin's price to pump. So, to answer your question, yes, the more limelight bitcoin will have, the more valuable it may be. Of course, aside from the market demands, the whales also play a great role in the dump and pump of bitcoin value. Aside from this, let's also consider the volatility rate of bitcoin.

Bitcoin has continue to exist during its establishment up until today. It is a nice form of investment vehicle which why there are more people each day entering cryptocurrency. While bitcoin can be also used as mode of payment, the availability of the establishments accepting it is still limited at the present. Hence, more people are using it as a store of value and as an asset instead of currency. It is still good for the community because there are still movements that control and balance the market.

[Hughes_Ryan]

The supply of bitcoin is fixed, it will become extremely scarce over time.  halving every 4 years reduces the supply.  The current bitcoin demand can be visualized as a pie divided by 10 people and divided by 100. Lol, for that reason I believe the essential activities of speculative demand will have a greater impact on the price value of bitcoin. That means the level of risk of manipulation.

[conected]

It is a common thing that as the demand for things increases, so does the price. In the case of Bitcoin, on the other hand, this argument is more valid because the total supply of Bitcoin is a certain amount. As the status and popularity of Bitcoin grow, so will the number of users, so that the price will continue to rise as demand increases. Also, when large companies accept Bitcoin, it creates a positive perception of investment among the public and increases both demand and value.

- Well, we can call bitcoin a limited edition and should be added to the collection as it becomes more popular but a powerful motor and reaches a peak power, its value will saturate at one point and a downward graph begins to be formed, bitcoin would probably also plot such a power graph, the climax is always broken by the government as well as the big companies. It can be called a value stabilizing loop, high prices will have fewer buyers and gradually, people will gather in the middle areas with other altcoins, instead of bitcoin.

[adzino]

The recent hype about Amazon going to accept bitcoin was already proved to be a rumor. Amazon made a statement saying that they aren't planning to accept bitcoin anytime soon. The rumors were being spread to create FOMO, but it didn't work fortunately. Tesla willing to accept bitcoin again isn't any news. Not sure about Apple. Does Apple even talk about crypto currencies? Anyway, yeah, the more popular bitcoin is, the more demand there will for bitcoin. And since bitcoin has limited supply, the price is bound to increase with the demand.

[Obito]

I would probably say that bitcoin isn't going to go away anytime soon, remember that it has persisted for a decade so it's not a likely thing for bitcoin to get devalued anytime soon, I mean you said it already, popularity of bitcoin is going to make it valuable and it seems that the popularity is only going up and has no sign of ever going down.

[Macadonian]

The more people that use Bitcoin the higher the demand which boosts its value its not the only thing that contributes to the price of Bitcoin but it is one of the driving forces behind the price of Bitcoin. This is why you should be encouraging your friends and family to use Bitcoin because it will help you and them in the future.

[pawanjain]

That might be right in one way because the more number of people know about bitcoin the more popular it is.
Since more number of people are aware of bitcoin, it slowly gains traction and it's usage gets increased.
It creates a buzz and many people start buying bitcoin. This is how the price goes up increasing bitcoin's price.

I personally think many people buy bitcoin so that they can hold it as a store of value which is why we can see the long term holders still holding to their bitcoin.
Some people have even planned to hold bitcoin for the next 10 - 20 years. Even holding for long term increases bitcoin price because the circulating supply decreases hence increasing the price.

[Dewi89]

I would probably say that bitcoin isn't going to go away anytime soon, remember that it has persisted for a decade so it's not a likely thing for bitcoin to get devalued anytime soon, I mean you said it already, popularity of bitcoin is going to make it valuable and it seems that the popularity is only going up and has no sign of ever going down.

I think you are responding to the main topic antonymously because the OP said it was very enthusiastic to cite several topics to explain the adoption of bitcoin for the purpose of paying corporate salaries and others. The popularity of bitcoin will continue to increase and will not fade despite being restricted by current government laws.

[Renampun]

...
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?

devaluation is usually synonymous with fiat, so I don't think it will apply to Bitcoin...

bitcoin is a decentralized coin so price changes only occur when buying or selling increases, the government will not be able to manipulate the price so devaluation is impossible. Bitcoin is perfect and far from government interference.

[Distinctin]

That might be right in one way because the more number of people know about bitcoin the more popular it is.
Since more number of people are aware of bitcoin, it slowly gains traction and it's usage gets increased.
It creates a buzz and many people start buying bitcoin. This is how the price goes up increasing bitcoin's price.

I personally think many people buy bitcoin so that they can hold it as a store of value which is why we can see the long term holders still holding to their bitcoin.
Some people have even planned to hold bitcoin for the next 10 - 20 years. Even holding for long term increases bitcoin price because the circulating supply decreases hence increasing the price.

Once bitcoin creates huge demand from the people, its demand will increase and definitely it will be more popular too. So the price increase will eventually follow. But knowing how volatile bitcoin is, even how high its current price, it will still have chances to get dump again making its price lowered too.

However, if this popularity will lead to bitcoin adoption in the near future, i think bitcoin will have its fixed value or might even lowered its volatility when the time comes the government will have the control on it. Being decentralized might totally lost its value once the government started to control it.

[tippytoes]

...
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?

devaluation is usually synonymous with fiat, so I don't think it will apply to Bitcoin...

bitcoin is a decentralized coin so price changes only occur when buying or selling increases, the government will not be able to manipulate the price so devaluation is impossible. Bitcoin is perfect and far from government interference.

This is one of the benefits when you are dealing with bitcoin, no single government has the full control of its circulation and no one will. So the market movement depends on the global demand and not only on single entity. No government can manipulate the price of bitcoin, and we are seeing that a lot of factors are contributing to this market, the reason why even if you are a long time crypto user, it is still hard to predict the price. Even those self-proclaimed experts, they can't get the right price.

[Kusman]

Yes, the popularity of Bitcoin is an important factor for it to be much more valuable compared to before. Because the popularity among the people helps Bitcoin adoption go on even faster. And this makes Bitcoin an even more valuable cryptocurrency.

When it comes to the question about if it will be devalued in the future, I think that there is a possibility of course. There is no guarantee to survive even for Bitcoin. If people start decreasing their Bitcoin usage, it could even lead to the end of Bitcoin.