Would Bitcoin at this Price limit its Global Adoption?

[bluebit25]

Restrictions do not mean that everyone owns bitcoin, that someone can put millions of dollars to invest in bitcoin for their own purposes, or even if they buy bitcoin for $1, they need it. thinking that buy to do? I don't think bitcoin will be the limit here, as the crypto market has a close connection between many things, and the emergence of altcoins and other things only increases bitcoin exposure and vice versa.

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[Jawhead999]

It doesn't make sense if someone don't want to buy Bitcoin when the price already hit some exact price. Remember there are so many people predict Bitcoin price will hit $100,000 when the current Bitcoin price is $26,000, then when Bitcoin already reach $100,000, there's will be another speculator come up to speculate Bitcoin will hit higher price and it keep continue. Bitcoin adoption has no limit, it will keep growing.

[Honyek]

l don't think that the bitcoin price increase will limit its global adoption, because more people will see bitcoin as a thing that has unstoppable value and continue to go for it. They will continue to go for the amount that they can afford and probably hold it for future dealings. Investors will also go more for it as the price continues to increase, and hold it for later date, to enable them make reasonable profit. By this, more people globally will continue to adopt it.

[Synchronice]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

Does it really matter if you hold 1 bitcoin or 0.0001 bitcoin if you have no problem to make a transaction? Bitcoin will only be useless if the price of 0.00000001 BTC will be a dollar or something like that. Even that won't be a problem if we are able to send transaction with low fees. I think there is nothing to worry about the bitcoin's price, the only real thing that limits its global adoption is transaction fee that fluctuates.

[posi]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

Does it really matter if you hold 1 bitcoin or 0.0001 bitcoin if you have no problem to make a transaction? Bitcoin will only be useless if the price of 0.00000001 BTC will be a dollar or something like that. Even that won't be a problem if we are able to send transaction with low fees. I think there is nothing to worry about the bitcoin's price, the only real thing that limits its global adoption is transaction fee that fluctuates.

Why are volatile transaction fees limiting bitcoin's global popularity? If talking about bitcoin, I don't see any restrictions preventing its popularity. If we talk about the bitcoin barrier then I think it is the government, the biggest barrier preventing bitcoin from really becoming popular. As for the bitcoin price, the price movement will depend on its popularity, the wider the popularity, the higher the demand for it. When the demand is high, the price will be more high.

[shivansps]

If the price rises, then from this we understand that there are more people buying bitcoins than people who sell it. It speaks of the interest of people and the fact that people believe in it.
History tells us that when the price rises, more people want to buy this product, because people think that the price will continue to rise and they will miss the chance to earn
For people for whom the price of bitcoin is very high, there is an opportunity to buy in parts, so it is available to almost everyone. This is a big plus
No matter how much bitcoin costs at different points in time, it must be remembered that the price of bitcoin is not stable and can change greatly

[KiaKia]

At this point it's all about getting a piece of the pie, you don't have to buy 1 Bitcoin to be a Bitcoin investor and there is nothing to rush for, you can gradually keep accumulating Bitcoin and in time you will get to your dream amount you have always wanted.

Do not think that because Bitcoin is high in value it will keep people away, the adoption of Bitcoin is growing even further than in past years. I believe that in the future the adoption rate will become even higher.

There is no limitation to Bitcoin's global adoption, even 1 Bitcoin can be shared among thousands of people.

[OcTradism]

At this point it's all about getting a piece of the pie, you don't have to buy 1 Bitcoin to be a Bitcoin investor and there is nothing to rush for, you can gradually keep accumulating Bitcoin and in time you will get to your dream amount you have always wanted.

Bitcoin is well designed by allowing Bitcoin users to move it in satoshi unit and pay transaction fee in satoshi unit too. You mentioned a good point that people never have to buy 1 BTC as a condition to own bitcoin. They can buy 1, 0.1, 0.001 BTC, whatever amount that fits with their available capital.

Only condition is they must take into account on-chain transaction fee and make sure they will not have like nearly nothing after one on-chain transaction, one withdrawal from a centralized exchange. $10 or $50 is enough small capital to buy and own bitcoin but I know $10 and $50 is big capital with many people.

There is no limitation to Bitcoin's global adoption, even 1 Bitcoin can be shared among thousands of people.

By above reasons, no such limit to prevent bigger adoption for Bitcoin.

[icalical]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

I don't think Bitcoin price would hinder it's adoption, as long as people still value everything with USD (and other fiat) and fiat is still the main currency to be used, then there will be no problem how much is Bitcoin price, people will still value service and goods based on USD, Bitcoin will only be used as a tool to transfer the value of those fiat.

[yazher]

It doesn't matter when the price spikes and it reaches another new level of ATH again because those who can't afford it can just simply buy satoshis that are worth how much they are willing to invest in bitcoins in the meantime. it won't affect the people much but for the early investors, it will become the best moment of their life since their patience and perseverance are now paid and they are ripping the fruits of their success. Sometimes people worry about things that don't really concern them when the truth of the matter is, when something like that happens, I'm sure people will quickly adjust and do the things they are convenient.

[Solokan]

in this case, of course, we have to look at history, namely btc has always had a rising price and always forms new ath, but there are always people who dare to buy even though the price is already high, so in my opinion, in this case there are 2 possibilities, namely there will be people who dare to buy btc and some don't, and usually before buying people always do research and analyze technically and fundamentally so if in terms of technical and fundamental analysis btc has the potential to go up, people will dare to buy btc because it is based on technical and fundamental analysis.
so in my opinion in this case it depends on the situation and conditions.

[buwaytress]

Restrictions do not mean that everyone owns bitcoin, that someone can put millions of dollars to invest in bitcoin for their own purposes, or even if they buy bitcoin for $1, they need it. thinking that buy to do? I don't think bitcoin will be the limit here, as the crypto market has a close connection between many things, and the emergence of altcoins and other things only increases bitcoin exposure and vice versa.

Let's not forget about derivatives. The biggest use case for Bitcoin, like it or not, is speculation and I dare wager the majority of people who have ever placed a brt or traded Bitcoin never actually interacted with it, much less owned it.

Price simply doesn't matter with adoption. Merchants and users don't necessarily need to own it, merely use it as a medium pre fiat settlement. And speculators don't care how many units of BTC they have when they invest in dollars.

Platforms don't care either. PayPal can sell 1000s of BTC, it's all numbers on their account. No real coins behind them. Still counts as adoption. Or exposure. Not by me, but by practical measures.

[xSkylarx]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

Does it really matter if you hold 1 bitcoin or 0.0001 bitcoin if you have no problem to make a transaction? Bitcoin will only be useless if the price of 0.00000001 BTC will be a dollar or something like that. Even that won't be a problem if we are able to send transaction with low fees. I think there is nothing to worry about the bitcoin's price, the only real thing that limits its global adoption is transaction fee that fluctuates.

Why are volatile transaction fees limiting bitcoin's global popularity? If talking about bitcoin, I don't see any restrictions preventing its popularity. If we talk about the bitcoin barrier then I think it is the government, the biggest barrier preventing bitcoin from really becoming popular. As for the bitcoin price, the price movement will depend on its popularity, the wider the popularity, the higher the demand for it. When the demand is high, the price will be more high.

The government is really the hindrance of this because lots of countries are banning it, meaning that people don't want to break the law as it is illegal to them. Even though some people want to use Bitcoin, they don't have a choice, and even others will use it, but only a few of them as it is illegal. Volatility is also one of the features that people liked, and I don't see it as something that stops people.

[Blitzboy]

Please, lets not get caught up in the boring details of Bitcoin's price tag. Look, Michael Saylor and Adam Back both have their own points of view, but we're stuck on a train of thought that keeps going around the price stop. Get up! Bitcoin can be broken down to eight decimal places. Even if one Bitcoin reaches $500,000, someone can still own 0.00001 of it.

And you're worried that people will turn to other things? Do it! History shows that competition drives development. If the price of Bitcoin turns some people off, they can look for other options. Bitcoin doesn' need everyone to use it to prove that it has value. And, oh, clinging to fiat? How come? You'd rather drown in paper money thats sinking than change? No one can stop history. Dont fall behind by holding on to old fears. Change, my friend. It never stops.

[kryptqnick]

If a person has, like, $100 to invest, it doesn't matter for much BTC that can buy, as there's always some amount, and unless it's one of those rare unfortunate periods of crazy fees, a person can invest comfortably at $25k or $250k. If someone's worried about the way it sounds, a simple solution is to use mBTCs or even sats to talk about the invested amount.
But there's another side to it, namely that since Bitcoin keeps growing, a lot of people don't want to spend it and consider it a valuable investment asset. That can increase the number of people who interact with Bitcoin but perhaps hinder global adoption of Bitcoin as a form of payment.

[AakZaki]

You do not have to own and hoard a significant amount of Bitcoin to use it as a currency. You can buy a couple of Satoshi for a dollar or two and still be able to use it.

On the other hand... if you want to buy it as an investment, then the same thing apply.. you buy small amounts on a continuous basis, until you have a significant amount of coins. (Rome was not built in a day.... you build it brick by brick over a long period) 

buying small amounts or just a few sats for an amount of 2 dollars or more will help anyone owning Bitcoins. but that also comes at a cost, and a very good platform to use is the Lightning Network with a small purchase amount and a very low fee. Bitcoin provides many conveniences, there are no restrictions on global adoption when bitcoin has become a trusted currency. But will it really happen, while currently the pros and cons remain. Bitcoin is a well-known commodity currency in several countries.

I am also a bitcoin investor, buying bitcoins when they are gradually cheaper. With a certain time span, buying will gradually make bitcoin ownership more and more as long as you don't sell it. We only need to sell when a new ATH is reached.

[Ojima-ojo]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

This is the more reason why we need to buy more Bitcoin at each discounted price such as the lady discount price a few days ago and also haven't stocked a higher percentage of Bitcoin before the start of the next year which 2024 which his Saylor is predicting such price increase and this is what makes it more pronounced in the way Michael Saylor through his company micro strategy have consistently buy more Bitcoin and this is ok for him.


But in my own market predictions, I didn't think that a $200k or $100k price won't limit the rate of Bitcoin adoption since Bitcoin can be bought in its very bits so no matter the price of Bitcoin new investors can still come in, but the possible volatilities that we have right now .ay not be so when Bitcoin achieve such high price

[Dunamisx]

This is nothing than being volatile as it has always been going dip and rising up as well on different occasions, bitcoin is not a currency that should take fear in us before believing on what it could offer on us amidst every occasions of it going bearish, we should also count on the several times it has been high achieving it all time demands with investors making profits through their investments, we shouldn't only consider the bear alone at this, both bear and bull have to be in consideration.

[Bananington]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

I am going to just be straight with you and answer a yes.
If BTC reaches the price you mentioned, more persons who are just getting onboard the crypto currency train might be discouraged and opt for perhaps other altcoins or shitcoins they find available.
The best bet right now for anyone who still feels behind is to try and purchase some BTC, while the price is rather still affordable and DCA or HoDL for long as possible.

[irhact]

Michael Saylor stated that people buy Bitcoin at the price they deserve. Just a few days ago, Adam Back made a bet on Twitter that Bitcoin would reach $100,000 by March 31st, 2024. Here's a concern I have, do you think the predicted increases in Bitcoin's price to $100,000, $200,000, $500,000, etc. will limit its global adoption? Since the price will be so high, the average person might not be able to afford a substantial amount of it. As a result, they might seek alternatives, potentially hindering global adoption. Could the excessively high price lead people to feel like they missed out, causing them to hold onto seemingly worthless fiat currency?

I support Michael saylor as many individual ignore the signs that Bitcoin will be big in future to make their investment when the price of Bitcoin is still low, they choose to believe the rumors of Bitcoin not going to succeed but when they see bitcoin making the news for price increase it's then they'll want to invest but it'll be already late to buy Bitcoin cheaps. Many individual prefer to buy something when it's already famous instead of trusting a new innovation when it's still new.

The excess price of Bitcoin when it gets as high as those value won't push people away but will make them interested in Bitcoin the more, people will feel they have missed out but it won't stop them from wanting to invest because they'll know there's going to be more growth.