Why do you think Bitcoin will rise to $1000?
why do you think it won't ever again?
I don't think it won't ever again though :p
I'm just a bit pessismistic, looking back at Dell's Bitcoin adoption, it doesn't affect the price too much.
Everyone though the impact of DELL adoption of
BTC would see a immediate huge rise in the price of
BTCWhen a company adopt
BTC as a payment method, we will see a small increase in
BTC price, because some people, who already own
BTC would start to buy new things on offer, and some early adopter would experiment with it. {The price might even drop, due to a over supply of
BTC becoming availlable and no new people wanting to buy them.
Dell still have other payment methods {fiat / credit cards / debit cards etc.} So for mass adoption, these companies have to introduce an incentive, for them to switch to this new "technology" and this must be done, by the merchants, in the form of "discounts" being offered, for people who use
BTC [ Problem is, these companies do not offer this, because it would mean, they would have to cut their profit ]
So what happens now.... Dell accept
BTC - People still use other payment methods -
BTC owners spend their coins - Dell convert it to fiat on exchanges - No extra people demand these coins - Over supply created of
BTC - Price of
BTC goes down.
