Topic: The more popular Bitcoin is, the more valuable it is？ - page 3. (Read 1402 times)
Popularity is one of the essential things for Bitcoin like it is the same for all of the other coins also. The more the popularity it has, the more the price will be in short. But of course, it will not affect only the price. Bitcoin adoption will be able to reach a much better level also.
Taxation will be paid and implemented one way or another. If bitcoin is to be used to pay salaries and compensation then there's a huge possibility the government or the entities that will provide the necessary leeway for bitcoin to be implemented as a bona fide salary means will find a way to tax it and in turn give the tithings back to the government, and yes this will induce a lot of selling pressure but that's the price of becoming a fully-fledged currency, that's why there needs to be an overhaul in the currency system if we want to use bitcoin for our daily transactions and keep its value at a high standard.
It is really something that we need to ponder upon. How something that cannot be touched, seen, or perceived as real, is having a value that is worth more than gold. Much like the governments of the world giving value to fiat currency, so are the people that gives value to crypto especially Bitcoin. I think, the more people think of it as true, real, and valuable, then the more valuable it becomes. Not to mention of course market forces that would give Bitcoin a very high price due to high demand.
In the past you have to remember that banknotes are literally just pieces of paper where you write the person how much you owe them in gold, so when the time comes and you can either carry the amount of gold you owed or could afford it already, there's no issues in the payment system, this could be implied in the continuous rise in value of bitcoin, and basically every type of asset that there is in the market. We value it because we think the item's precious, to an alien species that could visit us in the near future, they may have different concepts of value and currencies, so what may seem valuable for us may seem useless for them.
I think bitcoin is a future digital currency that has many advantages but that doesn't mean bitcoin can be easily used for everyday life or other things. an item will be more valuable if the use is limited, as well as bitcoin. if then bitcoin is used for daily transactions or payment of salaries I think it will deviate because we know that the crypto market is also uncertain, it can go up or down. therefore it is better to use bitcoin as a future investment because it is believed that the price of bitcoin is getting higher and higher.
Most definitely, the more btc get popular the more valuable it will be, we can easily see this from before and now of btc, it is also very clear with the influx of more institutions has affect the price positively unlike before when there was few or no institutions involved in btc.
It is really something that we need to ponder upon. How something that cannot be touched, seen, or perceived as real, is having a value that is worth more than gold. Much like the governments of the world giving value to fiat currency, so are the people that gives value to crypto especially Bitcoin. I think, the more people think of it as true, real, and valuable, then the more valuable it becomes. Not to mention of course market forces that would give Bitcoin a very high price due to high demand.
You've answered it already, it's because of the people that believes and perceives that there's value in it. I think that it's the ultimate truth in regards to the reason why bitcoin has a value like fiat, their both backed by faith of the people and that it can be used to trade goods and stuff. We know that Bitcoin is a very popular currency all over the world. Many expensive people around the world are using this bitcoin. However, Bitcoin is legal in all the developed countries. The popularity of Bitcoin will continue to grow as the days go by. It can be seen that the use of this bitcoin has started all over the world.
The development of Bitcoin is indeed extraordinary, since it was first launched Bitcoin has experienced such rapid development. The more people who know Bitcoin, the more big companies accept Bitcoin as a means of payment and the more countries that legalize Bitcoin.
And with the high demand for Bitcoin, of course it will increase the price of Bitcoin because the demand in the market is quite high.
For me, its definitely more on demand and supply. The higher its demand has become, the more limited its supply is. And its really a good thing because the value becomes more visible too seeing it in a much higher price right now despite of its high volatility.
Yes but No. No because there's no rule or regulation or code that guarantees that the more popular Bitcoin gets, the more valuable it is. But, I said yes because technically speaking, It is expected that as Bitcoin and even cryptocurrency gets more adopted, the usage, importance, value, and even price increases. IMO, let's just support adoption and it'll be a win win situation for us all.
lol the more bitcoin popularity increase is the more valuable this goes and that is proven in all areas of living. the more popularityis the more demand comes.We know that Bitcoin is a very popular currency all over the world. Many expensive people around the world are using this bitcoin. However, Bitcoin is legal in all the developed countries. The popularity of Bitcoin will continue to grow as the days go by. It can be seen that the use of this bitcoin has started all over the world.
The development of Bitcoin is indeed extraordinary, since it was first launched Bitcoin has experienced such rapid development. The more people who know Bitcoin, the more big companies accept Bitcoin as a means of payment and the more countries that legalize Bitcoin.
And with the high demand for Bitcoin, of course it will increase the price of Bitcoin because the demand in the market is quite high.
It is really something that we need to ponder upon. How something that cannot be touched, seen, or perceived as real, is having a value that is worth more than gold. Much like the governments of the world giving value to fiat currency, so are the people that gives value to crypto especially Bitcoin. I think, the more people think of it as true, real, and valuable, then the more valuable it becomes. Not to mention of course market forces that would give Bitcoin a very high price due to high demand.
Has the technology is improving many people are being enlightened about the crypto market especially given recognition to bitcoin, I was even amazed someone in my country in the clothing line is now accepting bitcoin as a means of payment.
Yes, the more popular bitcoin is, the greater its value will be. This is indeed the case.
That is why a lot of people are in regrets of not knowing Bitcoin earlier as they might become a millionaire at this time. Those who accumulate earlier and are never afraid of the risk of buying a scratch had been rewarded. As the name Bitcoin has been published and promoted online, on the internet, the more it gains attention and increases the demand. It was so much to think that 10 years from now we might be able to see Bitcoin at $500k. This is possible, right?
Valuable you mean ? More price?
Yes it will definitely.
For better understanding we can compare it to as gold or can say it follows the method of supply and demand.
The more demand it gets, the supply will less and it makes rarer so the price will go high.
Same happens with Gold And with BTC too.
Hope this helps you OP.
Personally, Bitcoin will also be valued based on its uses. In this digital era, we are projected to rely more on online transactions, most of us operated online. if it ever gains popularity we will get more users using it out of curiosity, not just as a store of value, but as a normal payment alternative. Yes it will definitely.
For better understanding we can compare it to as gold or can say it follows the method of supply and demand.
The more demand it gets, the supply will less and it makes rarer so the price will go high.
Same happens with Gold And with BTC too.
Hope this helps you OP.
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?
We know that Bitcoin is a very popular currency all over the world. Many expensive people around the world are using this bitcoin. However, Bitcoin is legal in all the developed countries. The popularity of Bitcoin will continue to grow as the days go by. It can be seen that the use of this bitcoin has started all over the world.
where did you find that Bitcoin is legal in develop country ? mind naming at least 15 develop countries that legalize bitcoin?try to make research first before pointing such trend because you can mislead others.
Yes but No. No because there's no rule or regulation or code that guarantees that the more popular Bitcoin gets, the more valuable it is. But, I said yes because technically speaking, It is expected that as Bitcoin and even cryptocurrency gets more adopted, the usage, importance, value, and even price increases. IMO, let's just support adoption and it'll be a win win situation for us all.
lol the more bitcoin popularity increase is the more valuable this goes and that is proven in all areas of living. the more popularityis the more demand comes. 
You don't need to worry about that. Bitcoin is one of the best investment in this world. Btc is part of world advancement. I personally believe that bitcoin will be legally used in most of countries in this world. Just accept that most of people who buy bitcoin wants profit from it and actually me too. When that time is come and if I have a lot of btc then I will be rich. Don't make it too complicated, just buy, hold and sell to get profit, it will make you less stressful. I investing in bitcoin for few years and I realize that one of biggest problem that faced by bitcoin investors is psychological issue, because many FUD that spread, greed, FOMO and extreme price volatility.
Yes but No. No because there's no rule or regulation or code that guarantees that the more popular Bitcoin gets, the more valuable it is. But, I said yes because technically speaking, It is expected that as Bitcoin and even cryptocurrency gets more adopted, the usage, importance, value, and even price increases. IMO, let's just support adoption and it'll be a win win situation for us all.
[snip]
Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.
Well, that is possible, as the previous thread where I comment, the latest update was El Salvador adding more bitcoin ATMs on their places. This will perhaps be the start of mass adoption of bitcoin since everywhere in El Salvador you can spend bitcoin or use bitcoin through a payment method. Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.
That it is right, --the more bitcoin have a mass adoption the more it will become expensive as we know that bitcoin has a fixed supply and it has unlimited demand it will become stronger and stronger in price which is hard for us to accumulate in the future.
I'm glad there is a country like El Salvador that is so open to Bitcoin, what happened in El Salvador hopefully other countries will follow. The residents of
El Salvador are very lucky to be able to use Bitcoin freely, because Bitcoin can be used as a means of payment. Especially with the limited supply of
Bitcoin and the increasing demand for Bitcoin. This makes the price of Bitcoin continue to rise to become more expensive, even the increase in Bitcoin
this year is very significant. So investing in Bitcoin can indeed generate large profits in the future.
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?
I guess bitcoin will rise more because people are now aware that btc investment can earn more and because of the benefits that they get they are more excited to use it as currency and do some online shopping.
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?
it is not a guarantee that with the increasing popularity of bitcoin it will make the price higher, and the evidence can be seen at this time where the popularity of bitcoin is very high in investment circles.but its popularity is inversely proportional to the price of bitcoin which has not been stable until now, so we conclude that the more popular bitcoin will not guarantee the bitcoin price will rise drastically
Bitcoin has never been stable and it's always been volatile.With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.
But the effect of it does.
High demand = High value
Less demand = Less value
Its no brainer that the more popular Bitcoin is then the more valuable it is and so as with other things
and i dont know on why people do still ask this very basic question.
Lets just see on how bitcoin popularity would gradually scattered globally.
The popularity of bitcoin is expanding rapidly and there's no doubt that even within a few years, there will be the next countries to adopt it as a legal tender.
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