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

[verita1]

Bitcoin maintains an average dominance of 42.4% at the moment, it has been in the range for some time. Although, bitcoin had a dominance of more than 60% according to the statistics of the specialized platforms.

IMO, bitcoin is becoming more popular now as a reserve asset. As there are more developments such as dapps, which allow its daily use with fast transactions and low costs, bitcoin will be more usable.

For my part, I invest in bitcoin for a long time to pay for the University of my younger relatives.
I prefer to use other crypto assets that offer me low costs and faster transactions and hold bitcoin. Hopefully it is the best way to protect my investment.

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[Natalim]

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.

Precisely. Once bitcoin will be used as a daily payment system, then it will not be an excuse anymore from paying taxes too. However, this will create a good motivation that if bitcoin will be more recognize and utilize as a payment system, then it will gain more demand from the market seeing its value more likely to increase.

But i'm also looking forward if the government will start adopting bitcoin in the future, will it's value become more stable or maybe less volatility by then. We will find out then when its happening there already. But one thing i am certain is that as long as people continue to use bitcoin, then it will always have its own value.

[ILuckyGuyI]

I think that the popularity is very important for Bitcoin to improve and become more valuable. Because as long as people start using Bitcoin and investing into it, it helps Bitcoin adoption reach higher levels and the price also starts increasing. We know that there are resistance levels. As long as more people buy Bitcoin, it gets easier for the price to break those resistance levels.

[South Park]

Bitcoin maintains an average dominance of 42.4% at the moment, it has been in the range for some time. Although, bitcoin had a dominance of more than 60% according to the statistics of the specialized platforms.

IMO, bitcoin is becoming more popular now as a reserve asset. As there are more developments such as dapps, which allow its daily use with fast transactions and low costs, bitcoin will be more usable.

For my part, I invest in bitcoin for a long time to pay for the University of my younger relatives.
I prefer to use other crypto assets that offer me low costs and faster transactions and hold bitcoin. Hopefully it is the best way to protect my investment.

Personally I would not put much weight behind the dominance as it is obvious the dominance of bitcoin is being heavily understated, if you take away the scam coins, the bad coins, the stable coins and the centralized coins then you are left with bitcoin exhibiting a huge dominance over the market which is why institutional investors so far have only showed any interest in bitcoin and not in other coins, which is a very clear signal that bitcoin is by far the best coin in the market and the only one worth to be held for the long term.

[Botnake]

Bitcoin maintains an average dominance of 42.4% at the moment, it has been in the range for some time. Although, bitcoin had a dominance of more than 60% according to the statistics of the specialized platforms.

IMO, bitcoin is becoming more popular now as a reserve asset. As there are more developments such as dapps, which allow its daily use with fast transactions and low costs, bitcoin will be more usable.

For my part, I invest in bitcoin for a long time to pay for the University of my younger relatives.
I prefer to use other crypto assets that offer me low costs and faster transactions and hold bitcoin. Hopefully it is the best way to protect my investment.

Personally I would not put much weight behind the dominance as it is obvious the dominance of bitcoin is being heavily understated, if you take away the scam coins, the bad coins, the stable coins and the centralized coins then you are left with bitcoin exhibiting a huge dominance over the market which is why institutional investors so far have only showed any interest in bitcoin and not in other coins, which is a very clear signal that bitcoin is by far the best coin in the market and the only one worth to be held for the long term.

Bitcoin has always its huge potentials that dominates from other coins. And with the present time, its popularity has even more acknowledged because of the impact made by huge company investors and even developed countries are now starting to eyeing on bitcoin.

Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.
  

[Ryker1]

^[snip]
Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.

Well, that is possible, as the previous thread where I comment, the latest update was El Salvador adding more bitcoin ATMs on their places. This will perhaps be the start of mass adoption of bitcoin since everywhere in El Salvador you can spend bitcoin or use bitcoin through a payment method.
That it is right, --the more bitcoin have a mass adoption the more it will become expensive as we know that bitcoin has a fixed supply and it has unlimited demand it will become stronger and stronger in price which is hard for us to accumulate in the future.

[Wawa2013]

^[snip]
Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.

Well, that is possible, as the previous thread where I comment, the latest update was El Salvador adding more bitcoin ATMs on their places. This will perhaps be the start of mass adoption of bitcoin since everywhere in El Salvador you can spend bitcoin or use bitcoin through a payment method.
That it is right, --the more bitcoin have a mass adoption the more it will become expensive as we know that bitcoin has a fixed supply and it has unlimited demand it will become stronger and stronger in price which is hard for us to accumulate in the future.

I'm glad there is a country like El Salvador that is so open to Bitcoin, what happened in El Salvador hopefully other countries will follow. The residents of
El Salvador are very lucky to be able to use Bitcoin freely, because Bitcoin can be used as a means of payment. Especially with the limited supply of
Bitcoin and the increasing demand for Bitcoin. This makes the price of Bitcoin continue to rise to become more expensive, even the increase in Bitcoin
this year is very significant. So investing in Bitcoin can indeed generate large profits in the future.

[jossiel]

it is not a guarantee that with the increasing popularity of bitcoin it will make the price higher, and the evidence can be seen at this time where the popularity of bitcoin is very high in investment circles.but its popularity is inversely proportional to the price of bitcoin which has not been stable until now, so we conclude that the more popular bitcoin will not guarantee the bitcoin price will rise drastically

Bitcoin has never been stable and it's always been volatile.

With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.

But the effect of it does.

[Quidat]

it is not a guarantee that with the increasing popularity of bitcoin it will make the price higher, and the evidence can be seen at this time where the popularity of bitcoin is very high in investment circles.but its popularity is inversely proportional to the price of bitcoin which has not been stable until now, so we conclude that the more popular bitcoin will not guarantee the bitcoin price will rise drastically

Bitcoin has never been stable and it's always been volatile.

With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.

But the effect of it does.

Its a simple economics subject...

High demand = High value
Less demand = Less value

Its no brainer that the more popular Bitcoin is then the more valuable it is and so as with other things
and i dont know on why people do still ask this very basic question.

Lets just see on how bitcoin popularity would gradually scattered globally.

[terrorJR]

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.

indirectly This can make it a profitable option because the more popularity bitcoin receives, the more enthusiasts will be and the more demand it will have and cannot be denied to be one of the most likely impacts that will occur.
because of its logic people will not buy an item if they do not know the quality of the item and now back to bitcoin which when talking about quality of course there is no doubt and when this is tested then bitcoin is getting more popular and bitcoin will be more hunted.
This is like an ecosystem of interconnected chains.

[seramania]

bitcoin has earned the best place in the global market. there are several factors including the adoption of bitcoin in several countries, e-commerce that accepts payments with bitcoin and others. the more people get to know bitcoin and the companies that campaign for bitcoin it seems this makes bitcoin even more valuable

[OrangeII]

what do i know
the more people adopt bitcoin the higher the bitcoin price will be, and the more people sell bitcoin, the more likely the bitcoin price will decrease. with the acceptance of bitcoin as a means of payment such as Google, Amazon, Tesla, and other well-known companies, it will make bitcoin adoption increase, and make its price go up. however, when the FUD attacks, and provides negative information about bitcoin such as a ban, or something else, it will make people panic, and sell the bitcoin so that the bitcoin price decreases.

in other cases, using bitcoin on a daily basis as a means of payment, or holding it long term is an option. however, some people who hold bitcoins choose bitcoin as their place to invest. we hope the price will continue to rise, but we can't prevent a price drop that could also happen. no one knows whether the price will go down or up. however, some people also only use it as a means of payment on the internet.

IMO, find your purpose in this. if you listen to people you will find different opinions. So far, the government allows bitcoin as an investment tool, and we don't know whether the government will try to devalue the price on bitcoin or not, what you need to know is that investing in this case is quite risky. just do what you want to do, whether it's using it as a means of payment, or an investment. Currently, all of that is still allowed.

[Lubang Bawah]

bitcoin has earned the best place in the global market. there are several factors including the adoption of bitcoin in several countries, e-commerce that accepts payments with bitcoin and others. the more people get to know bitcoin and the companies that campaign for bitcoin it seems this makes bitcoin even more valuable

I think the thing that makes bitcoin more popular is the number of media reporting bad things about bitcoin, the media say that bitcoin is used for various kinds of illegal transactions and financial crimes, this makes many people curious including me and after getting to know bitcoin it has become a valuable digital asset high because prices continue to skyrocket.

[jossiel]

it is not a guarantee that with the increasing popularity of bitcoin it will make the price higher, and the evidence can be seen at this time where the popularity of bitcoin is very high in investment circles.but its popularity is inversely proportional to the price of bitcoin which has not been stable until now, so we conclude that the more popular bitcoin will not guarantee the bitcoin price will rise drastically

Bitcoin has never been stable and it's always been volatile.

With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.

But the effect of it does.

Its a simple economics subject...

High demand = High value
Less demand = Less value

Its no brainer that the more popular Bitcoin is then the more valuable it is and so as with other things
and i dont know on why people do still ask this very basic question.

Lets just see on how bitcoin popularity would gradually scattered globally.

It is okay to ask, if they have no idea what's behind the economy of bitcoin, that's fine. All of us, we've been there and once became a newbie and also curious about this matter.

The popularity of bitcoin is expanding rapidly and there's no doubt that even within a few years, there will be the next countries to adopt it as a legal tender.

[pjwaffle]

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?

If BTC is accepted and considered a universal currency then I think it will still be taxed like any other legal currency. and if you say that in the future BTC becomes popular and known and becomes inflation the value will decrease, this first you need to pay attention to the total supply of BTC, only 21 million and the number of people investing is increasing a lot BTC cannot increase the total supply as the number of holders and buyers is increasing and this is a determining factor in the value of BTC more demand than supply, this you can say in the future BTC will increase in value greatly, I believe in it.

[chichigirl]

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?

I guess bitcoin will rise more because people are now aware that btc investment can earn more and because of the benefits that they get they are more excited to use it as currency and do some online shopping.

[South Park]

^[snip]
Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.

Well, that is possible, as the previous thread where I comment, the latest update was El Salvador adding more bitcoin ATMs on their places. This will perhaps be the start of mass adoption of bitcoin since everywhere in El Salvador you can spend bitcoin or use bitcoin through a payment method.
That it is right, --the more bitcoin have a mass adoption the more it will become expensive as we know that bitcoin has a fixed supply and it has unlimited demand it will become stronger and stronger in price which is hard for us to accumulate in the future.

I'm glad there is a country like El Salvador that is so open to Bitcoin, what happened in El Salvador hopefully other countries will follow. The residents of
El Salvador are very lucky to be able to use Bitcoin freely, because Bitcoin can be used as a means of payment. Especially with the limited supply of
Bitcoin and the increasing demand for Bitcoin. This makes the price of Bitcoin continue to rise to become more expensive, even the increase in Bitcoin
this year is very significant. So investing in Bitcoin can indeed generate large profits in the future.

Not only the citizens of El Salvador are incredibly lucky it is obvious that the government is trying to get rich people in bitcoin to their country, and if bitcoin really becomes popular there then it could become the focal point of their economy, then other countries seeing this will not want to miss on it and we could begin to see the worldwide adoption we have always dreamed, but even then I do not think this is going to be a fast process and it will take a few years to flourish.

[oktana]

Yes but No. No because there's no rule or regulation or code that guarantees that the more popular Bitcoin gets, the more valuable it is. But, I said yes because technically speaking, It is expected that as Bitcoin and even cryptocurrency gets more adopted, the usage, importance, value, and even price increases. IMO, let's just support adoption and it'll be a win win situation for us all.

[Ausgewielt]

You don't need to worry about that. Bitcoin is one of the best investment in this world. Btc is part of world advancement. I personally believe that bitcoin will be legally used in most of countries in this world. Just accept that most of people who buy bitcoin wants profit from it and actually me too. When that time is come and if I have a lot of btc then I will be rich. Don't make it too complicated, just buy, hold and sell to get profit, it will make you less stressful. I investing in bitcoin for few years and I realize that one of biggest problem that faced by bitcoin investors is psychological issue, because many FUD that spread, greed, FOMO and extreme price volatility.

[kotajikikox]

We know that Bitcoin is a very popular currency all over the world. Many expensive people around the world are using this bitcoin. However, Bitcoin is legal in all the developed countries. The popularity of Bitcoin will continue to grow as the days go by. It can be seen that the use of this bitcoin has started all over the world.

where did you find that Bitcoin is legal in develop country ? mind naming at least 15 develop countries that legalize bitcoin?

try to make research first before pointing such trend because you can mislead others.

Yes but No. No because there's no rule or regulation or code that guarantees that the more popular Bitcoin gets, the more valuable it is. But, I said yes because technically speaking, It is expected that as Bitcoin and even cryptocurrency gets more adopted, the usage, importance, value, and even price increases. IMO, let's just support adoption and it'll be a win win situation for us all.

lol the more bitcoin popularity increase is the more valuable this goes and that is proven in all areas of living. the more popularityis the more demand comes.