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

[EdenHazard]

Do you think Bitcoin will be devalued in the future?

Right now, no one can really tell the actual value of bitcoin. It’s too early. However, there are predictions in the crypto-finance space that the value of bitcoin could reach over $100,000 to as much as one million dollars per BTC in the future. Only a couple of days ago, bitcoin made a comeback that has taken it up more than 50% from recent lows. The future is bright, let's keep our fingers crossed.

If the Bitcoin value falls by 10,000 or 20000$ , even  then it doesn't mean that the Bitcoin is devalued. In the long terms the Bitcoin will always be high in the prices. We should not be worried about the dump which Bitcoin takes while making the new all times high.

Another thing that what should be the true value of Bitcoin is no one can tell it may be $1000000 or even more.

Value isnt really what true bitcoiners looking though, in the long term to change the financial system is what true bitcoiners looking for.
thats the biggest mistake from those people who looking for short term profit but get demolished in the end due lack of awareness that bitcoin and any other cryptocurrencies is wild and volatile.
popularity bring stronger ecosystem into bitcoin space sometimes but thesedays it looks unclear due unclear covid 19 outbreak that makes most business  stalled and the ecosystem itself looks not much growing with its high popularity.

[ReiMomo]

Do you think Bitcoin will be devalued in the future?

Right now, no one can really tell the actual value of bitcoin. It’s too early. However, there are predictions in the crypto-finance space that the value of bitcoin could reach over $100,000 to as much as one million dollars per BTC in the future. Only a couple of days ago, bitcoin made a comeback that has taken it up more than 50% from recent lows. The future is bright, let's keep our fingers crossed.

If the Bitcoin value falls by 10,000 or 20000$ , even  then it doesn't mean that the Bitcoin is devalued. In the long terms the Bitcoin will always be high in the prices. We should not be worried about the dump which Bitcoin takes while making the new all times high.

Another thing that what should be the true value of Bitcoin is no one can tell it may be $1000000 or even more.

Value isnt really what true bitcoiners looking though, in the long term to change the financial system is what true bitcoiners looking for.
thats the biggest mistake from those people who looking for short term profit but get demolished in the end due lack of awareness that bitcoin and any other cryptocurrencies is wild and volatile.
popularity bring stronger ecosystem into bitcoin space sometimes but thesedays it looks unclear due unclear covid 19 outbreak that makes most business  stalled and the ecosystem itself looks not much growing with its high popularity.

On a long term perspective, yes, bitcoin is going to be a valuable asset. A newbie into crypto always makes him familiar with whats happening around, like trading. Unless and until he/she is an experienced, he/she would go for a short term profit.  But yes, being here for more than 5 years, I am really confident on bitcoin's massive growth in its value on a long term. Its demand in the market is making it popular and valuable.

[isaac_clarke22]

~

Well it connects. It becomes more like fee for people if they use something that cannot be tracked by the government. When you register your business into the authority whatever agency it's called in your country and they know that you adopt Bitcoin, expect taxes from it since you are earning something with the use of crypto. It's not all about the building of infrastracture.

[taufik123]

the more popular bitcoin, the more valuable it is not 100% guaranteed it will actually happen, because today we can see that bitcoin is so popular in this century but has also experienced such a significant price decline, can we say that more and more the use of bitcoin then it will not ball the price will soar high. because this week is not affected by the few or the many bitcoin miners

the more popular and the more hype bitcoin, the higher its price. this year has been a good year for bitcoin as it was able to hit new ATH at a very high price. Significant price drops are commonplace, this will not make bitcoin to be abandoned.
Bitcoin has a scarce supply and when all the supply runs out the demand for bitcoin will be even greater.
Bitcoin is a future digital asset that will dominate and of course be the target of investors.

[sherenikaw]

The development of bitcoin at this time is getting better where bitcoin is starting to be known by many people in various countries, even they are willing to enter the crypto world to learn more about bitcoin. I think bitcoin is better to hold or invest than to use for everyday transactions. The huge value of bitcoin makes it unusable at any time and it takes time to get high price in this volatile crypto market. It is not easy to make bitcoins as daily transactions , especially for ordinary people, of course the process will take a long time.

[Hippocrypto]

Bitcoin won't be devalued, in fact we're now heading towards the most promising value which soon take up to $60k until $100k. Predictions was really doing greater things possible to exist, and the popularity was our keys to acquire all those potentials.
Investors will not give up as long as there's a strong momentum and the volume of Bitcoin increase keeps going.

[Dread Pirate Roberts]

As you call it and it makes a lot of sense. if there are many large companies that have an impact on the economy of many people will adopt bitcoin as payments, the demand will certainly increase and with limited coins the price will also increase. not the other way around. because not everyone using bitcoins for transactions. nowadays more people are used to long term investment or trading, so its balanced between people that using it for investment and for people who use as payment.

[EdenHazard]

On a long term perspective, yes, bitcoin is going to be a valuable asset. A newbie into crypto always makes him familiar with whats happening around, like trading. Unless and until he/she is an experienced, he/she would go for a short term profit.  But yes, being here for more than 5 years, I am really confident on bitcoin's massive growth in its value on a long term. Its demand in the market is making it popular and valuable.

We are here on the same path to believe in bitcoin power to change the world, no matter what happened to the market with its value to goes up or crazily down, its not just a word though.
popularity in bitcoin nothing to do with its initial real vision of bitcoin to make a better world in finance.. as number is number and bitcoin with the fixed supply has proven it all .

any government would of course scared to this what so called people power.

[qwertyup23]

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?

To answer your question, yes. Anything that is collected as a means of income is subject to tax depending on the country where BTC is converted into legal tender. Any form of profit or income is taxable by the government and its respective rates depend upon the country.

As you call it and it makes a lot of sense. if there are many large companies that have an impact on the economy of many people will adopt bitcoin as payments, the demand will certainly increase and with limited coins the price will also increase. not the other way around. because not everyone using bitcoins for transactions. nowadays more people are used to long term investment or trading, so its balanced between people that using it for investment and for people who use as payment.

Like what OP said, in order for this to happen, it is essential that BTCs must be converted to legal tender. But, even without the implementation of it, companies may still adopt it as a form of payment to their products/services due to its widespread popularity over the years.

[Rb48]

One thing to always remember is that the higher the price of a thing, the more popular it is. Once the price of Bitcoin was much lower then its popularity was also much lower. But as the days go by, it is seen that bitcoin As the popularity grows, so does the price. So I would say that the more popular the thing, the higher the price of that thing.

[South Park]

It's hard not to argue, the more popular it is, the more people assign value to it, and therefore, the more valuable it becomes. Even if crap things like NFTs become popular, they have a value to it.

But relying only on popularity doesn't seem to get you very far in the long run!

It's not really popularity but adoption that makes bitcoin more valuable, and one of the best ways to understand bitcoin in terms of value and how adoption has a big say are social networks, there are countless social networks and the majority of them have no value, but why is that? After all they have similar software to other social networks so why one is incredibly valuable and the other is worthless? And the reason is the number of people using the network, and the same concept applies to bitcoin.

[blckhawk]

One thing to always remember is that the higher the price of a thing, the more popular it is. Once the price of Bitcoin was much lower then its popularity was also much lower. But as the days go by, it is seen that bitcoin As the popularity grows, so does the price. So I would say that the more popular the thing, the higher the price of that thing.

That's the reason why they always do advertising although the products advertised doesn't necessarily go up in prices, it makes them stay on the market and have the company selling them become more valuable since they're much more recognizable by the public. Basic laws of supply and demand should be enough to understand why some stuff go up and down.

[TheUltraElite]

but has also experienced such a significant price decline,

Price is rather on the uptrend, but I get your point. Popularity is not the point here. Demand and supply ratio determines the price.

can we say that more and more the use of bitcoin then it will not ball the price will soar high. because this week is not affected by the few or the many bitcoin miners

I dont see how miners are involved in this. They do dump their coins when the time to ROI is coming but the significance of that on making the market move decreases as block subsidies get further and further halved.

One thing to always remember is that the higher the price of a thing, the more popular it is. Once the price of Bitcoin was much lower then its popularity was also much lower. But as the days go by, it is seen that bitcoin As the popularity grows, so does the price. So I would say that the more popular the thing, the higher the price of that thing.

You have to understand the chronology here. First when bitcoin was started it was not popular at that time people bought it just for fun and probably not having any ulterior motive in mind. Then the craze of these millionaires started and that raised the price a lot. But the difference is that the latter is an inorganic pump subject to high level of market manipulation.

[B-Bit]

Its value also comes from trust, but it is not the government's credit endorsement behind it.
The letter to Bitcoin is a purer letter. This letter comes from the simplicity and power of Bitcoin technology, from the ideas that transcend the times contained in it, from dissatisfaction with the existing monetary system, and from human beings’ attitude towards progress. Natural yearning.

[Ibrahim60]

I'm appreciate with this line. Because cryptocurrency value depends upon its popularity among people. Which coin is more popular that coin price also much higher. Market volume is all time high which coin is more potential and popular. Because of much popularity and potentiality Bitcoin price going to high and the coin going to more valuable.

[777Jolami]

This is absolutely true, more popular bitcoin will impact more user demand, they can buy online payment with bitcoin, book a plane ticket, or buy a Tesla if Elon accepts it again,  … people often have a habit of sharing good things and they will spread word of mouth that way, bitcoin will be more trusted and popular, it will be proportional to the value of bitcoin.  The problems of manipulating or speculation are just the surface though.

[LimLims]

Valuable you mean ? More price?
Yes it will definitely.
For better understanding we can compare it to as gold or can say it follows the method of supply and demand.
The more demand it gets, the supply will less and it makes rarer so the price will go high.
Same happens with Gold And with BTC too.
Hope this helps you OP.

[Meysa_richa]

What increases the price of Bitcoin is due to increased demand in the market, and that can happen if Bitcoin is increasingly known by the public. 
Because the more popular Bitcoin is, the more curious people will be, maybe they just wanted to know at first.  But over time they will definitely have the intention to buy it, indeed it will not happen significantly. 
However, given the limited supply of Bitcoin, if Bitcoin is increasingly popular and demand in the market increases, then the Bitcoin price will automatically increase as well.

[South Park]

Its value also comes from trust, but it is not the government's credit endorsement behind it.
The letter to Bitcoin is a purer letter. This letter comes from the simplicity and power of Bitcoin technology, from the ideas that transcend the times contained in it, from dissatisfaction with the existing monetary system, and from human beings’ attitude towards progress.

Or more precisely the value of bitcoin comes from the fact that we do not need to trust it, everything is on the open and you can see if you want if there is anything wrong with the code or the ideas behind it, governments tell us to trust in them and even on the US dollar the word trust appears, however they have betrayed that trust over and over again and in fact they are doing precisely that at the moment by printing huge amounts of fiat to stimulate the economy, something that is not possible to do with bitcoin.

[dificanovi]

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

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?

bitcoin will be very expensive if more and more people use it.
if humans already use bitcoin in everyday life, bitcoin will be increasingly popular and the price will be more expensive, especially if bitcoin is used to pay employee salaries, bitcoin users will increase therefore the price of bitcoin will continue to rise.
on the other hand there will be a bad impact if bitcoin has been used to pay employee salaries, the government will definitely issue an order to pay taxes for using bitcoin to pay employee salaries.