Changing rate of bitcoin value - page 2.

andrei56

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Quote from: hugeblack on January 21, 2018, 07:38:04 AM

Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

Lack of any centralization (Central Bank) makes bitcoin Heavily affected by the change in supply and demand law.
if more people decide to use bitcoin (More Demand) with the limited number of bitcoin "Scarcity"(less than 21 Million), the price will rise sharply.
The main factor determining the currency value is Encourage individuals to buy currency With the possibility of conversion to basic currencies easily.
All of these factors make the value of Bitcoin increasing in the future.

Even if bitcoin does not have a central bank we have a defined emission rate in the form of block generation and the block reward which is similar to what central banks do, the biggest issue as you have pointed out is the limited supply and the deflation, while this makes bitcoin extremely valuable at the same time people treat bitcoin more as a collectible than as a currency, this limits the supply even further creating greater volatility.

hugeblack

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Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

Lack of any centralization (Central Bank) makes bitcoin Heavily affected by the change in supply and demand law.
if more people decide to use bitcoin (More Demand) with the limited number of bitcoin "Scarcity"(less than 21 Million), the price will rise sharply.
The main factor determining the currency value is Encourage individuals to buy currency With the possibility of conversion to basic currencies easily.
All of these factors make the value of Bitcoin increasing in the future.

lablab03

full member

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Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

absolutely the price will increase if there are more people using bitcoin as an investment because of the demand of supply . For example , like advertising some site the rate will increase if there are more people visiting and contributing on their site. The same with bitcoin if more people contributing on it the rate will Climb and the demand will increase.

BaraxLo

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Quote from: derigop on January 19, 2018, 08:28:53 AM

Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

Yes it will increase. As the demand of bitcoin increases, its value also increases. It is part of studying law of demand.

Even if the demand will increase, bitcoin will be doing what it likes to. Being unpredictable. Giving surprises at unexpected times. Making you crazy and feel like you are living in some sort of dream. But it does this time to time. It means, we are going to enjoy this experience many more times.

Just look at the way it soared in the last weeks of 2017. I mean, even experts fail to tell anything related to its future plans. I love this currency.

stompix

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Blackjack.fun

Quote from: agorkems on January 19, 2018, 08:37:29 AM

Rates are going to get higher because getting entry into cryptocurrencies are getting harder and harder. Many of my social friends that are getting into crypto now are asking people to sell them because they cannot buy using coinbase or related places. This is a sign that cryptocurrencies can get more and more valuable for this 1 factor.

Are all your friends dumb?
It's not harder and harder to get entry into cryptocurrencies it's easier!!!
There is no entry ticket there are no limited places.

You have 500$ to buy BTC you buy 500$ worth of it, it doesn't matter what the price of bitcoin is, what you have in mind but you have trouble writing is that you get lower returns.

And what does this even mean?

Quote

are asking people to sell them because they cannot buy using coinbase or related places

They ask people to sell because they can't buy?
What the logic behind this?

agorkems

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Rates are going to get higher because getting entry into cryptocurrencies are getting harder and harder. Many of my social friends that are getting into crypto now are asking people to sell them because they cannot buy using coinbase or related places. This is a sign that cryptocurrencies can get more and more valuable for this 1 factor.

chidrawarster

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What I see mostly is the market fluctuates and the volalatality is huge compared to normal financial instruments. Crypto has got major major market moves and the corrections percent is huge approx 30 percent which is abnormal considered to normal forex or stock market. So it's advisable to take positions keeping in view of the volatility. Good luck.

derigop

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Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

Yes it will increase. As the demand of bitcoin increases, its value also increases. It is part of studying law of demand.

diagla

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Yes it will increase in value because the supply is limited.

nioctiB#1

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Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

Of course bitcoin will gain more value if more individuals will come in every single day in other words if the demand rises the availability of supply that is in circulation will be decreased because there are more people that are holding it. that is the basic principle of law of supply and demand. and the value of every cryptocurrency like bitcoin is determined by its supply and demand.

1apps

newbie

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Quote from: Paupau29 on January 19, 2018, 07:51:18 AM

Does bitcoin value will increase in the future if more people decide to use it?

No, never use it, it's a sacred thing created by God aka. Satoshi.

You disrespect Bitcoin using it.

You must only HODL

Rumor is if it gets used at high volume it gets so slow and expensive that it crashes in value, so never use.

Now say 10 hail Mary's to Satoshi altar

steadyrice

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Bitcoin is no different than any other commodity and it's price is determined by supply and demand. The supply in our case is constant, so if the demand for bitcoin increases the price will inevitably go up, since bitcoin will become rarer because a lot of people will want to own some.

Paupau29

newbie

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Does bitcoin value will increase in the future if more people decide to use it?

Topic: Changing rate of bitcoin value - page 2. (Read 318 times)