Why does acceptance of Bitcoin has to do with the price of Bitcoin?

[Swordsoffreedom]

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

That its the effect of adoption that can be simplified to a supply and demand curve
More users and a limited supply increases price but we can also look at it from a S-Shaped adoption curve etc to determine how it moves.

That and  Metcalfes law
http://en.wikipedia.org/wiki/Metcalfe%27s_law

[tinof]

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

That its the effect of adoption that can be simplified to a supply and demand curve
More users and a limited supply increases price but we can also look at it from a S-Shaped adoption curve etc to determine how it moves.

That and  Metcalfes law
http://en.wikipedia.org/wiki/Metcalfe%27s_law

In the case of bitcoin at this stage, I am going to say Metacalfes law has more to do with the price than supply and demand.

Remember, there are a lot of other alt coin out there that can serve the same purpose but don't have as much exposure.

[sandykho47]

More people use BTC = BTC price went up
example : when BTC suddenly popular, the price went up
It's just simple logic

en.wikipedia.org/wiki/Supply_and_demand

[johnd7]

Why is there a correlation between the two?
Thanks

it increases trust in long term. When people trust they more buy or invest.

[blumangroup]

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

But people who receive payment will not necessarily sell all the bitcoin they receive for their goods/services, and the people that purchase bitcoin will not necessarily spend all of their bitcoin.

Hopefully, eventually bitcoin adoption will be large enough so that companies will participate in B2B transactions in bitcoin, making it so companies will not need to sell the bitcoin they earn from sales into fiat.

[leezay]

Bitcoin is inherently anti-government and anti-central authority.

Given enough time, all governments will eventually ban it.

[thecast]

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

This sums it up perfectly in the first reply

[InwardContour]

More people use BTC = BTC price went up
example : when BTC suddenly popular, the price went up
It's just simple logic

en.wikipedia.org/wiki/Supply_and_demand

True but it's not entirely correct, I think it should be:

More people BUY BTC = up
Less people SELL BTC = up

[ljudotina]

I think that OP is just pure and simple troll. No way someone would get to this forum to this section and ask question like that....just no freaking way.

[wealthy$]

is matter of demand and supply

[oceans]

Because there is a high demand for bitcoin and many bitcoins are available the more demand there is for the coin the more it will rise. As stated it is a matter of demand and supply, the more people want it the more it will get supplied and the price will rise.

[counter]

Scarce supply and the amount people put into the coin is what will determine price.  If People believe Bitcoin is the best form of currency that could make the price go up, then considering supply/demand all need to be taken into account.   

[Mobius]

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

But people who receive payment will not necessarily sell all the bitcoin they receive for their goods/services, and the people that purchase bitcoin will not necessarily spend all of their bitcoin.

Hopefully, eventually bitcoin adoption will be large enough so that companies will participate in B2B transactions in bitcoin, making it so companies will not need to sell the bitcoin they earn from sales into fiat.

This is exactly the right answer. The small incremental increases in adoption will have a small effect on the price of BTC however once enough people use bitcoin that businesses can pay their suppliers and vendors in bitcoin the price will be much higher as there will be much more demand for bitcoin.

[DhaniBoy]

if we use bitcoin bitcoin has a price of course, is not possible if we use while bitcoin bitcoin has no value, we use bitcoin to perform all electronic transactions, such as buying goods using bitcoin, or buy tickets and buy the other, when the price of bitcoin bitcoin has unacceptable in all societies, especially the people who use the internet as a medium of transaction ... 

[findftp]

production of BTC is knowned.
demand of buy, not.

price change over the month.
bitcoin is a real stock system with no interference of manipulation market.

Enough manipulation going on.
The only thing really differs is that Bitcoin is finite and cannot be counterfeited,... well,.. only if you don't count goxing.

[bitbinn]

true acceptance and not only speculation will make the price go up

[Timetwister]

Why is there a correlation between the two?
Thanks

Because price depends on demand. Why do you think Bitcoin is much more valuable (taking into account supply differences) than say Doge Coin?

[deisik]

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

Here you are implicitly referring to the Bitcoin turnover rate (money velocity). And yes, money velocity does affect prices (according to Fisher's Law). The higher the velocity (i.e. the speed with which bitcoins are changing hands), the higher the prices of Bitcoin nominated goods will be (i.e. the price of Bitcoin will be lower) since acceleration of the turnover has the same effect as increasing the money supply...

[maurya78]

At this point mass acceptance is leading to lower btc price because merchants are immediately converting the btc to fiat

[Timetwister]

At this point mass acceptance is leading to lower btc price because merchants are immediately converting the btc to fiat

That makes no sense. BTC are just changing hands. To lower the price you need to increase supply more than demand.