The Double Benefits of High Demand

[NewLibertyStandard]

There are two benefits to creating high demand for bitcoins. The first and obvious benefit is that you'll end up with a wealth of bitcoins. The second and more subtle benefit is that as demand outstrips supply, people will exchange local currency for bitcoins which will allow you to more easily exchange your bitcoins for local currency.

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[bitcoinuser]

There are two benefits to creating high demand for bitcoins. The first and obvious benefit is that you'll end up with a wealth of bitcoins. The second and more subtle benefit is that as demand outstrips supply, people will exchange local currency for bitcoins which will allow you to more easily exchange your bitcoins for local currency.

however, exchanging other currencies for bitcoins won't create more bitcoins ... so as more people use it, there will be a hoarding of coins [at least according to what we learned in economics, but this may be inaccurate].

to be an "open currency" where the supply increases as user-base/uasage increases is important. at the same time, it should not be controllable by a central source (ex. a "closed currency"), and not be 'faked' into making money, ... so the quesiton is HOW is this done with a peer2peer setup?

[llama]

to be an "open currency" where the supply increases as user-base/uasage increases is important.

Who says this is important?  As more users join in, value will probably go up per bitcoin and people might hold fewer nominal bitcoins, but I don't think that makes much of a difference.

[Bitcoiner]

to be an "open currency" where the supply increases as user-base/uasage increases is important.

Who says this is important?  As more users join in, value will probably go up per bitcoin and people might hold fewer nominal bitcoins, but I don't think that makes much of a difference.

Any attempt to fix the value of a bitcoin in terms of price is going to fail, and is not necessary. Keeping the supply fixed is the fairest way to go about it and let the market decide the value.

[nicster551]

There are two benefits to creating high demand for bitcoins. The first and obvious benefit is that you'll end up with a wealth of bitcoins. The second and more subtle benefit is that as demand outstrips supply, people will exchange local currency for bitcoins which will allow you to more easily exchange your bitcoins for local currency.

The only demand that people need in Bitcoin is making the price of it grow day by day and not in an instant way for people to notice it again.

[fasdorcas]

There are two benefits to creating high demand for bitcoins. The first and obvious benefit is that you'll end up with a wealth of bitcoins. The second and more subtle benefit is that as demand outstrips supply, people will exchange local currency for bitcoins which will allow you to more easily exchange your bitcoins for local currency.

High demand in this case is not caused by a new wave of people coming into bitcoin, also we are already way pass that stage for bitcoin. Everyone in the world knows what bitcoin is now, noone has no problem pinpointing why they are not invested in bitcoin, it is not some obscure small thing anymore, there are talks of ETF for christ sake so believe me when I say this, there is no more new wave coming in.

No, this new high demand caused by the incredibly low price, of course the price could still go even lower but when a huge whale sells all his coins there are still some other whales who keep on buying bitcoin as well, which results with bitcoin still going down because of the whale selling but the demand looking higher because of other whales getting cheaper bitcoin.

[tadpole_bitfrog]

Currently the demand of many traders is still very high and they want to buy as many bitcoin to adjust the market. Anyway, in this market, there are always high demand. And it is still happening now.

[jademaxsuy]

It is not only a double benefits of having bitcoin with high demand because it will be also a good time to earn in bitcoins from buying low and then sell high. I can only think of this since I am new also to bitcoin investment but others will not consider this reason for the have different ideology and they focus more on bitcoin as how it will be used rather than how to earn.