Topic: The more popular Bitcoin is, the more valuable it is？ (Read 1469 times)
If all the big companies pay their salaries using bitcoin then this is very extraordinary, and currently there are countries already using bitcoin as their currency then it would not be surprising if bitcoin is increasingly popular among the world community, if bitcoin has become a legal means of payment then it will definitely be taxed because this regulation has become the number one regulation in every country, And later in the future all our needs we can definitely pay using bitcoin because in every country already know bitcoin, and I am sure this will definitely happen.
I'm sure that in the future btc will be more valuable and the price will be even better. Moreover, there have been positive signals from various merchants who are willing to work together to become one of their legitimate payment options. However, if btc is used as a currency in my opinion, it is not good. The results are not much different from other stable currencies . This removes the nature of bitcoin. Bitcoin will continue to have a good future if it is only made into an investment.
Nothing in this world is valuable by itself. Nothing has intrinsic value, value is always subjective. It seems, however, you are confusing the concept of value with something usually called "a market price". These are two different things, but the subjective value of bitcoin can be expressed in any unit that is currently presented on the cryptocurrency market. Some people value bitcoin not because it has a certain market price at some point in time, but for it has certain features that other things don't. Given that the features of bitcoin and its value proposition are not subject to change, it may be concluded that the more people find these bitcoin features valuable, the more popular it becomes. The more popular it becomes, the more people it attracts. And so on.
Recently, there as been a lot of discussion about using Bitcoin to pay or employers to pay salaries using Bitcoin.
https://bitcointalksearch.org/topic/if-it-is-more-convenient-for-people-to-buy-bitcoin-will-bitcoin-be-more-popular-5350730
https://bitcointalksearch.org/topic/if-you-can-get-paid-through-cryptocurrency-do-you-still-choose-fiat-currency-5351333
https://bitcointalksearch.org/topic/getting-paid-in-bitcoin-vs-getting-paid-in-fiat-5351973
https://bitcointalk.org/index.php?topic=5352233.new#new
(All forum threads, there will be many similar views)
There is a lot of hype among Amazon, Apple, and Tesla about accepting Bitcoin as a payment method. Many of them say that the adoption is better, but if the company converts a large amount of Bitcoin paid by customers into legal tender, it will give Bitcoin. The currency brings a lot of selling pressure.
Bitcoin is limited. Everyone uses Bitcoin for payment and daily transactions. Bitcoin is becoming more and more popular. Many people know that Bitcoin also has countries that set Bitcoin as legal tender. If Bitcoin is used to pay salaries, is it necessary to collect taxes?
Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?
The more popular Bitcoin is, the more people will notice it, and it will attract more novices. With the popularity of Bitcoin, everyone's purchase and consensus on Bitcoin will make Bitcoin more and more valuable.
The more people use bitcoins, the higher will be its demand. And hence will increase its value.
Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
I dont think BTC is getting popular in terms of daily payments, its still far away from daily payments because of reasons like scalability, fee, price volatility etc. If BTC made it to daily payments then price will surly shoot up since the demand will go up but we have a controlled inflation i.e. there are limited no of bitcoins.
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Do you think Bitcoin will be devalued in the future?
Due to price vlatility BTC has gone down and up in value numerous times. We cant predict how BTC will behave in next hour how can we predict the future.
I don’t think that the value of bitcoins can be devalued in the future. It’s because of how beneficial it’s coming out to be and more and more people are getting interested in it. But, I don’t think that paying bitcoins as salaries would be a good idea but of course it’s my personal opinion.
One says. "Jesus. I was the bank in there".
Promoter is outstanding.
We have one problem. Language is loosely till commonly defined. I am out. Protestant.
Promoter is outstanding.
We have one problem. Language is loosely till commonly defined. I am out. Protestant.
Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?
The value of Bitcoin is not going to decrease when it is more popular. Being more popular means that the value will increase as well, because a lot of people by then will invest more money in it. And I also believe that when Bitcoin becomes more popular and is being used for day-to-day transactions by people, it might become less volatile than it is now.But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?
The other thing I would like to say is that it is not a must that a country will declare Bitcoin a legal tender, they can just make it legal and people will be free to make use of it and that's all, it doesn't have to be a legal tender before people make use of it. So far it is only El Salvador that has declared Bitcoin a legal tender , apart from them there is no other country, but that doesn’t mean that there are no other places that it can be used.
Of course, you've said it right. Technical analysis and fundamental analysis are two things that can help traders and investors know when price will go up and down. Although not 100% correct, at least these two analyzes can help them know when is the right time to make a purchase and a seller.
Price movement sometime do not require big news because they are basically influenced by the interests of traders. If demand increases then the price will also increase and vice versa if people sell it on a large scale it will obviously affect the price to go down. Correction is needed to make it go up, sometime it's true but it can also be wrong if we expect it in the short term.
and some traders' interests such as for example being manipulated by whales to make the market crash or increase further. whales have a lot of money that is able to control the market but not completely.Price movement sometime do not require big news because they are basically influenced by the interests of traders. If demand increases then the price will also increase and vice versa if people sell it on a large scale it will obviously affect the price to go down. Correction is needed to make it go up, sometime it's true but it can also be wrong if we expect it in the short term.
Whales play the psychology of ordinary traders like us.
some news or fundamentals that happen are also manipulated by Whales and it often happens and has become a whales game that keeps repeating itself.
when it comes to price issues, actually the price goes up and down BTC can be predicted by doing analysis, so of course you can know when it will go up and when it will go down. although technical analysis is not 100% accurate but it will be very helpful to predict prices.
BTC value will rise again, but before going higher, there should be some corrections needed to form strong support to reach new ATH.
Of course, you've said it right. Technical analysis and fundamental analysis are two things that can help traders and investors know when price will go up and down. Although not 100% correct, at least these two analyzes can help them know when is the right time to make a purchase and a seller.BTC value will rise again, but before going higher, there should be some corrections needed to form strong support to reach new ATH.
Price movement sometime do not require big news because they are basically influenced by the interests of traders. If demand increases then the price will also increase and vice versa if people sell it on a large scale it will obviously affect the price to go down. Correction is needed to make it go up, sometime it's true but it can also be wrong if we expect it in the short term.
I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.
As much as the idea of making btc as a form of salary is pleasing, it is crucial that holders are knowledgeable on its value and uses. Without that awareness, I do not think that holders will value and would know what to do with the btc that they got. When holders are informed, they can make wise decisions and can even influence others to use btc.
I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.
when it comes to price issues, actually the price goes up and down BTC can be predicted by doing analysis, so of course you can know when it will go up and when it will go down. although technical analysis is not 100% accurate but it will be very helpful to predict prices.BTC value will rise again, but before going higher, there should be some corrections needed to form strong support to reach new ATH.
I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.
There is a lot of hype among Amazon, Apple, and Tesla about accepting Bitcoin as a payment method. Many of them say that the adoption is better, but if the company converts a large amount of Bitcoin paid by customers into legal tender, it will give Bitcoin. The currency brings a lot of selling pressure.
Bitcoin is limited. Everyone uses Bitcoin for payment and daily transactions. Bitcoin is becoming more and more popular. Many people know that Bitcoin also has countries that set Bitcoin as legal tender. If Bitcoin is used to pay salaries, is it necessary to collect taxes?
Well, If BTC was used as payment for salaries then it means it is considered as a legal tender on that particular country and of course its subjected to taxes because regardless of the form, its still considered as income for every individual.Bitcoin is limited. Everyone uses Bitcoin for payment and daily transactions. Bitcoin is becoming more and more popular. Many people know that Bitcoin also has countries that set Bitcoin as legal tender. If Bitcoin is used to pay salaries, is it necessary to collect taxes?
Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?
I think the majority of people who're into BTC considered it investment material so I doubt that it would be used for daily transactions if they've been given the chance to use it for exchange. Devalued? Its unlikely to happen but there might be a chance in the future.
Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.
It doesn't really matter how they affect the market because these people are going to learn along the way, that is if they survive their first dip and they don't panic over it then I am pretty sure that they're going to be a mainstay in the market. I think that it's the only way for bitcoin, when it becomes popular, it's definitely going to go up in prices.
The more popular bitcoin is, the more people will learn about it, and when they realize the value of bitcoin, they will buy and use it.
The value of bitcoin will be affected by market demand. Because the number of bitcoins is fixed, as more users start to invest in bitcoins the adoption rate and demand of bitcoins will increase, and its value will continue to increase.
The value of bitcoin will be affected by market demand. Because the number of bitcoins is fixed, as more users start to invest in bitcoins the adoption rate and demand of bitcoins will increase, and its value will continue to increase.
Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.
Recognition is not equal to buying. Being able to read and being able to buy the thing you are reading about are two different thing. There are so many countries where people have heard about about bitcoin but can they allow themselves to buy it? A lot of problems arise there.Also with more novice players, the price will rise up inorganically because they will likely FOMO.
The current usage rate of Bitcoin is not very high (I mean daily transaction payment).
Comparing with the worldwide use of other modes, I agree. Spending bitcoin for common goods is way less to give it a mainstream tag.We can be hopeful that in future we will see better acceptance and use. There are methods to mitigate the price volatility but they will come in when the acceptance is larger than today.
Popularity brings demand that's why bitcoin need to be recognize around the world and reach more far so that we can see the price rise since if we stop here and the adoption is stagnant then we can expect to see less movement from the market. But if we see more buy order comes due to people keep buying for any purposes then we can see the bullish state of bitcoin.
Nope what we see so many times that bitcoin network is congested so from that there are so many transaction happen the only thing what lacking there is the awareness and acceptance on business sector so maybe bitcoin supporter should work on it so that government and businessman will find bitcoin as good for transactions.
The current usage rate of Bitcoin is not very high (I mean daily transaction payment).
Nope what we see so many times that bitcoin network is congested so from that there are so many transaction happen the only thing what lacking there is the awareness and acceptance on business sector so maybe bitcoin supporter should work on it so that government and businessman will find bitcoin as good for transactions.
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