What happens in the world of cryptocurrency if.... - page 2.

cafucafucafu

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Quote from: lionheart89 on July 17, 2017, 09:43:58 PM

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh

Because as we know that currently not many people know about btc or altcoin.

The price should rise for sure, since the more people who are interested the more media attention Bitcoin will get, the more investors Bitcoin will have, and since everyone wants Bitcoin, and the demand is going up, while the demand is relatively the same, then Bitcoin will rise. I would probably expect a bunch of new alt coins being made and also government regulations and taxes being put in for crypto currencies. Generally, more people knowing about Bitcoin should be a good thing, but that will never happen since it is unlikely for crypto currencies to go mainstream.

avikz

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Quote from: lionheart89 on July 17, 2017, 09:43:58 PM

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh

Because as we know that currently not many people know about btc or altcoin.

If that happens, that will be good and bad at the same time for crypto currency market. If more people knows about bitcoin and start investing in it, the market cap of bitcoin or any other altcoin will be increased and the price of that coin will be increased. So people associated with trading and investing of crypto currency world will be benefited.

On the other hand, the governments may step in to reduce the money laundering possibilities associated with crypto currencies by declaring it illegal. There are many countries where the legal status of bitcoin is not clear and hence people are freely using it. But if a government wants to curb the usage of crypto currencies in their country. It will hamper the growth of crypto currencies big time. So if the right people known about bitcoin it's ok, but if the governments know about it more, that may be a disaster for their countrymen.

Ayiranorea

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When something goes beyond limits, it might get a increased value or else the value might gets a sustained limit within which the price moves forward and backward. In terms of growth more countries might have legalised the bitcoin as well other digital currency. However developments happen digital currency won't go mainstream.

niisarearning

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If lot of people knowing about bitcoin and altcoins there is definitely big demand for the coins where oldest existing coins will gain popularity because newbies always looking for longest and safest investment.

Vixmore

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Quote from: lionheart89 on July 17, 2017, 09:43:58 PM

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh

Because as we know that currently not many people know about btc or altcoin.

I think that everything would remain the same and nothing much would change. Only the popularity would be increased and that nothing else was to really change.
Bitcoin is still in its 'development phase' and will still take plenty of time before it is converted from an asset, an investment, to a fully operational cryptocurrency that is widely accepted all over the world and has the capacity to replace current currencies such as the USD and EURO. This will still take some time, but we are getting there....

Also, we need to let others know more about the use and benefits that come with cryptocurrencies as there has been a lot of media scrutiny surrounding bitcoin in the past few years. Most of these campaigns are fueled by banks and large financial services that do not want to get involved with the decentralised nature that bitcoin offers. If we are to gain a lot of popularity, I certainly think this is one of the ways to get started.

pooya87

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Quote from: lionheart89 on July 17, 2017, 09:43:58 PM

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh

Because as we know that currently not many people know about btc or altcoin.

knowing is not enough. the cryptocurrency in question needs to be useful to be adopted and be able to keep its price up.
for bitcoin we saw that the news about Japan spread through the media a lot and that has increased awareness and led to a big price rise which it kept the price up because bitcoin is useful and it has lots of usages as currency.

but the same thing happened for altcoins, the news or rather say fake news for them hit the media the same way. ethereum for example has been advertising nonstop but you can see it only formed a bubble which then popped because you can keep the price of something up based on pure speculation and no usage.

Kakmakr

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Bitcoin will go to the Moon! Currently not a lot of people know about Bitcoin or what they have heard was negative. If we can spread the word about this technology and dismiss all the negativity, we will see Bitcoin prices reach levels like $10 000 to $1 000 000 per bitcoin.

Bitcoin has only been around since 2009 and for emerging technologies that is still infancy and early days. ^smile^

Keep telling people about Bitcoin and correct the FUD that are being spread by the media and the shills. There are a lot of people being paid to bring Bitcoin down and we have to counter these attacks.

btctousd81

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if a lot of people started to know more about bitcoins and or other altcoins., so it will increase demand for such coins and if the supply is limited e.g. case of bitcoin then the price will be increased a lot., and if the supply is unlimited e.g. stellar coin , then not much difference.,

but i may be wrong., about altcoin , but it surely will increase bitcoin price.

aeternus

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Quote from: lionheart89 on July 17, 2017, 09:43:58 PM

What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh

Because as we know that currently not many people know about btc or altcoin.

Nothing, the important part is what people do when they get to know that information if they decide to not adopt it then things continue as usual, if they have a negative reaction then a ban may follow, and if the reaction is favorable then the price will go up a lot.

lionheart89

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What happens in the world of cryptocurrency if people already know a lot about BTC or altcoin? Huh

Because as we know that currently not many people know about btc or altcoin.

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