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

[slaman29]

Correct, because adoption is one of the main reason why bitcoin is getting valuable in the space than other crypto currency, and that's why as well mostly enthusiast preferred to keep holding their bitcoin for long term because of that reasons. In fact not just bitcoin wherein all crypto in the market need adoption as well in order to increase their value in the market.. That's why new projects run a campaign to gain more attention from buyers and etc, because that's how it works.

Wrong. New Projects run campaigns to get more buyers and speculators, but this does ZERO for adoption. If you don't believe me, go to any altcoin group doing "campaigns" and find me one actual user. This means someone who uses the actual real wallet, and uses the token for its supposed utility, excluding trading/selling/buying/exchanging.

The whole reason why altcoins are called shitcoins is because they have no users. Just token buyers/holders.

[dansus021]

in future bitcoin will be more valuable if some companies do the same thing like tesla did, but using bitcoin for daily transaction is not an option bitcoin only have 1 mb block so its not suitable for daily transaction like buying something cheap like coffe buy bitcoin as an asset and using other digital curency for daily transaction

[rodskee]

i think it is given ? just like how normal living goes , when the person ,items or service is popular then it will be surely more valuable.

the service fees will be doubled, the persons tip is worthful , and the items will price growing overnight .

so there is no difference in bitcoin or every investments purposes.

[Kiley33]

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 definitely more and more valuable, so they don't need to exchange Bitcoin for legal currency.

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?

It depends on the policies of your local government.

Do you think Bitcoin will be devalued in the future?

I don't think so.

[xSkylarx]

In simple terms, in general, all goods are produced with limited supplies, of course, these goods will have a high value if the demand is large, as well as bitcoin because the increasing popularity and adoption will make bitcoin even more valuable, and for now I think many people still use fiat currency to make daily payments instead of bitcoin, because they realize that bitcoin is better as an investment asset.

Agree. Law of supply and demand. Consider how cheap bitcoin was when it was first released. Now that the price is very high, it means that a lot of people have it, which is why the price has skyrocketed. Bitcoin as an investment is also very good, but before a few years ago, I would say that bitcoin is for payment because it is fast and easily trackable, which is why it was created, but now the main purpose of bitcoin is as an investment because we can't deny its price, which is very high and could make you very rich.

[kotajikikox]

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.

yeah you only repeating what you are saying to make your post longer 

popular or not , bitcoin is valuable and expensive .

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.

of course there is no permanent position , but the question is how long will it last and that is our main concern.

[kryptqnick]

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.

Amazon isn't accepting Bitcoin as payment, Tesla temporarily stopped accepting Bitcoin until the mining sustainability investigation is over, and Apple is going to accept BTC only indirectly, via accepting Coinbase debit card. The hype is real, though, and it does have temporary effect on the market.
Answering the thread name's question, I believe the general tendency of Bitcoin becoming as valuable along with becoming more popular is true. After all, it makes perfect sense because if Bitcoin gets more popular, the demand for it increases, and if the demand increases, the price increases as well. However, even though the amount of users is constantly growing, we still have the bearish market from time to time, so the price doesn't always correlate with popularity.

[Liamttw]

The popularity of Bitcoin will affect the value of Bitcoin. More users invest in Bitcoin. As time goes by, the supply of Bitcoin becomes less and less, and the demand continues to increase, which shortens the supply and increases the value. Many institutions and large companies are now buying large amounts of Bitcoin, and there have been many large transactions, which will also promote the continued better development of Bitcoin in the future.

[Shenzou]

I don't see that bitcoin becoming more and more popular could lead to it losing value, bitcoin has a limited supply and there is no way that we can create more past that point, that means the the more popular it gets the less supply we wil have and the more expensive it gets, but my concern is what happens to the transactions i mean i don't think that the bitcoin network would be able to process the transaction at a short time making it a viable payment option, and what about the fees, the harder the bitcoin mining becomes the more fees the transactions will have meaning if i wanted to buy something from amazon for 15 dollars i would have to pay 5 dollars in fees and it would take more than an hour for the transaction to be verified.

[mrongoz_imut]

the more popular the more valuable, that's for sure, because we can see from the beginning of the emergence of bitcoin, there is absolutely no price, even people don't believe in bitcoin, what's worse, many people say bitcoin is a scam, slowly but surely eventually bitcoin is starting to be recognized, and there are many people who hold bitcoin, as bitcoin develops and has become popular and people have dared to invest in bitcoin, the price of bitcoin continues to creep up..

[slaman29]

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.

Amazon isn't accepting Bitcoin as payment, Tesla temporarily stopped accepting Bitcoin until the mining sustainability investigation is over, and Apple is going to accept BTC only indirectly, via accepting Coinbase debit card. The hype is real, though, and it does have temporary effect on the market.
Answering the thread name's question, I believe the general tendency of Bitcoin becoming as valuable along with becoming more popular is true. After all, it makes perfect sense because if Bitcoin gets more popular, the demand for it increases, and if the demand increases, the price increases as well. However, even though the amount of users is constantly growing, we still have the bearish market from time to time, so the price doesn't always correlate with popularity.

And all this things about people "accepting" Bitcoin doesn't even really prove it is popular (I'm not saying Bitcoin isn't popular, but accepting payments doesn't make it popular) and as you point out, all of these guys who initially accepted it or were rumored to be accepting it? They didn't find a lot of business with it I bet you, otherwise Tesla wouldn't have ever stopped accepting. I mean, the concern about mining sustainability is nonsense after knowing the nonsense that they do all the time environmentally:)

[imstillthebest]

are you contented on the acheivments of bitcoin did and you dont want more adoption to happen ? but even if in the current status of bitcoin there are already major declines that happen but the price is not that high .
 if only the adoption is wider the price will also get higher and the dumps will now look smaller  .
price wont dump even further because not all people are willing to sell their bitcoins but it only make bitcoin popular than ever .

[TheUltraElite]

Bitcoin is more popular now a days its payment method also start with amazon texla and other company.

Has not happened with Amazon yet. But I have been hearing this oddly crazed rumor for several years now. The most recent one was debunked by official sources just the day after. As for Tesla, they are creating more hype than is needed. But I doubt the market they are making has anything to do with crypto. Its more like they are trying to sell their own product and using crypto as a tagline.

Bitcoin will start with a tax form.

Wow, slow down there mate. I would defenitely like that but it is far from reality.

It's value in the market is very high it's contraction also is give huge margin. Bitcoin value depend on market demand

Demand and supply. Not directly by popularity but indirectly.

we can't use this as a benchmark for more investors, the higher the price of bitcoin, because it has not been proven until now with a tendency to decrease prices for the currency, so we can't make this a benchmark in investment the world of bitcoin will make the price soar

A benchmark is not the appropriate term here. Bitcoin can be said to be an overall representation of the crypto market. In fact the only coin people should focus on is bitcoin after all it has the best track record till date.

[Wakate]

Recently, there as been a lot of discussion about using Bitcoin to pay or employers to pay salaries using Bitcoin.

https://bitcointalk.org/index.php?topic=5350730.0
https://bitcointalk.org/index.php?topic=5351333.0
https://bitcointalk.org/index.php?topic=5351973.0
https://bitcointalk.org/index.php?topic=5352233.new#new

(All forum threads, there will be many similar views)


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?
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?

Bitcoin is becoming more popular even when government try to restrict the use and patronage by banning it and prohibiting people in investing in it. Such activities is making Bitcoin to be more popular to people who might have never had of Bitcoin before. Bitcoin is even more popular than some financial institutions that have being in existence before the development of Bitcoin.

Bitcoin has much to offer to us that are investors and traders with great optimism of the price going further with absolute bullish movement.

[ninabobo]

For me I prefer bitcoin been kept as an asset instead of being used as a currency for daily transactions, we can all see keeping bitcoin is more better than spending it, for example you hodl your bitcoin and then price of bitcoin increases you make profits while someone who used it for payment will be at lose because firstly he did pay for transaction fee which can be seen as a loss already and also he had lost the future benefits of price increase. Bitcoin can never be devalued in the future, use the previous years for example all you could see is bitcoin being more valuable.

[romero121]

Of course, that's how the market works, the more people knows about it and the more it becomes more pricey, it's just a basic supply and demand so it's pretty easy to understand.

Yes, it is completely the demand to supply that makes it more valuable. Yes, when 10k people had known about bitcoin the price was in single digit value. Later as the popularity increases there is increase in the market adoption causing increased usage than the previous moments. So, it is obvious to see the popularity of bitcoin making a big change in the society in terms of usage and adoption.

[isaac_clarke22]

The thread compilation that the OP made isn't really about the "popularity",  but pretty much it points out on how viable it is for such uses in different scenarios. One mentioned in one of the thread is about the payment of Bitcoin as a salary. Pretty much that has been happening quite a while now, although it is not getting reported that much but it is expected to be anytime soon. I even recall one boss of a company wanting the paycheck of one of his employee to be paid back because the price of Bitcoin just went ^^^^^.
Reference: https://www.entrepreneur.com/article/371098

[kawetsriyanto]

If Bitcoin is used to pay salaries, is it necessary to collect taxes?

It depends on the government of the country. In a few countries, there are taxes for crypto coins. But in my country, there is still no regulation of crypto/Bitcoin taxes. When Bitcoin is already functioned both for investment and payment tools there, the government probably plans to apply taxes.

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?

The value of Bitcoin cannot be compared with fiats. It is more similar to Gold. You must know the gold value, right? Even if it is used as a payment tool, the value of Gold is always high (expensive). It also probably happens to Bitcoin, the value of Bitcoin can be still expensive when it is already used as payment tools daily.

[Viscore]

For me I prefer bitcoin been kept as an asset instead of being used as a currency for daily transactions, we can all see keeping bitcoin is more better than spending it, for example you hodl your bitcoin and then price of bitcoin increases you make profits while someone who used it for payment will be at lose because firstly he did pay for transaction fee which can be seen as a loss already and also he had lost the future benefits of price increase. Bitcoin can never be devalued in the future, use the previous years for example all you could see is bitcoin being more valuable.

But that's not the original purpose of this system. Bitcoin should widen the acceptance and for people to learn that there's alternative system aside from banking.

For now, your statement is the one that gaining the attention, keeping your bitcoin as an asset of value, hoping that day will come that
your target value will reach and give you huge profits by just keeping it from your wallet.

For now, there's no wrong in hodling bitcoin for a long time so you will make huge profits once it reaches its new ATH. But the moment it will be legally adopted as a currency, we should start using it based on its purpose and not on our own purpose. Bitcoin should be widely used as a currency so it should create recorded payments in big companies as much as possible. Once its being used as a currency, its popularity will create huge demand in the market making its value getting even higher compared in the past.

[sapnu]

Well, bitcoin's price growth does not completely rely on its popularity. There could be instance where it might be popular and all but the value is still down for a certain reason such as getting banned by another country or receiving negative feed back from a well-known person. As bitcoin gets more involved in people's daily life, chances is that it might be of good help as the value will rise in no time or it can also be bad as the government end up noticing it and starts taking action towards it that can be detrimental for many users and investors.