Really wondering how more bitcoin adoption lowers price?

toddtervy

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Quote from: ndnh on January 06, 2015, 05:33:47 AM

I get the part where it says the company(etc.) that accepts Bitcoin will sell it. But doesn't it mean, the customer has too purchase it first?

More bitcoin adoption = More buys & More sells. Which is actually good for Bitcoin as a currency. As a speculative instrument, it will do good if more people knows about it and checks it out.

Are there other ideas supporting the viewpoint that it lowers price?

I don't think it does, more altcoin popularity probably can.

freebit13

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I got Satoshi's avatar!

I agree that in the long run, as awareness and adoption increase, it will raise the price. If merchants didn't have Bitpay and the option to change directly to fiat then most of them wouldn't take the risk in the first place with how volatile the price has been. It seems most of the merchants who adopted bitcoin for the bitcoin bowl only did so because it was easy to set up and didn't cost them anything and they had no risk.

More merchant adoption means erasing the stigma of being an illegal currency only used for buying drugs... it's not a bad thing.

Muuurrrrica!

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Quote from: ndnh on January 06, 2015, 05:33:47 AM

I get the part where it says the company(etc.) that accepts Bitcoin will sell it. But doesn't it mean, the customer has too purchase it first?

More bitcoin adoption = More buys & More sells. Which is actually good for Bitcoin as a currency. As a speculative instrument, it will do good if more people knows about it and checks it out.

Are there other ideas supporting the viewpoint that it lowers price?

you got it!
Congratulations for seeing through the bullshit that's put out here in massive amounts.
You're now an approved user of your own brain!
Grin

NotLambchop

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Quote from: ndnh on January 06, 2015, 06:13:46 AM

...
But, seriously, if I buy something with Bitcoin, I will certainly buy it back. Huh

Let me get this straight, this is how you plan on getting rich?
1. Buy Bitcoin, pay [exchange/ATM] fees.
2. Buy goods with Bitcoin, hoping BTC price goes up due to your noble revolutionary deed.
3. Merchant (well, payment processor) dumps BTC on market.
4. You buy back that same BTC, paying [exchange/ATM] fees.
5. ? ? ?
6. PROFIT!

Can you not see that the only one who profits from this is the exchange/ATM & payment processor?

Assad

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There are early adopters that have thousands of hidden coins.

Also if they buy and then sell they coins it is like they never had the coins, so the true bitcoin market will be lower

NUFCrichard

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It doesn't lead to lower prices, it means that more people will buy it, and hold it as it will be of use.
Lots of people save $ because they can use it, not so much with bitcoin, making it more of a commodity at the moment.

peter378

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I don't think more bitcoin adoption lowers price. I think we were headed down to a bottom whatever happened and once we reached it we start heading back up. Hopefully we have hit the bottom now, but who's to say.

ndnh

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Quote from: mestar on January 06, 2015, 05:55:11 AM

Quote from: ndnh on January 06, 2015, 05:33:47 AM

I get the part where it says the company(etc.) that accepts Bitcoin will sell it. But doesn't it mean, the customer has too purchase it first?

Not if he already has it, because he bought it beforehand as an investment.

Oh, look where we are, in a forum full of people who bought bitcoins to sell later at a higher price.

But, seriously, if I buy something with Bitcoin, I will certainly buy it back. Huh

mestar

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Quote from: ndnh on January 06, 2015, 05:33:47 AM

I get the part where it says the company(etc.) that accepts Bitcoin will sell it. But doesn't it mean, the customer has too purchase it first?

Not if he already has it, because he bought it beforehand as an investment.

Oh, look where we are, in a forum full of people who bought bitcoins to sell later at a higher price.

ndnh

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Quote from: Spaceman_Spiff on January 06, 2015, 05:37:47 AM

The idea is that merchant adoption gives people with bitcoin more options to spend(=sell) their bitcoin, but it doesn't increase the amount of people buying bitcoin now, because "normal" folks don't need to buy bitcoin in order to buy something at the store (they could just use their credit card or whatever).

In the long run though, I think a high merchant adoption makes bitcoin more of a "real" currency and should increase its value.

But, merchant adoption means more people will at least get to know about it. And you have to buy first to sell. I really think there are lot many people out there who will be interested in Bitcoin but till now haven't even heard of it. (really, some people I know, who have read about it when it hit 1000 doesn't understand a thing. All they know is it is $1000, too expensive for me.)

I have atleast the long run idea right then.

Spaceman_Spiff

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₪``Campaign Manager´´₪

The idea is that merchant adoption gives people with bitcoin more options to spend(=sell) their bitcoin, but it doesn't increase the amount of people buying bitcoin now, because "normal" folks don't need to buy bitcoin in order to buy something at the store (they could just use their credit card or whatever).

In the long run though, I think a high merchant adoption makes bitcoin more of a "real" currency and should increase its value.

ndnh

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Merit: 1005

New Decentralized Nuclear Hobbit

I get the part where it says the company(etc.) that accepts Bitcoin will sell it. But doesn't it mean, the customer has too purchase it first?

More bitcoin adoption = More buys & More sells. Which is actually good for Bitcoin as a currency. As a speculative instrument, it will do good if more people knows about it and checks it out.

Are there other ideas supporting the viewpoint that it lowers price?

Topic: Really wondering how more bitcoin adoption lowers price? (Read 870 times)