What should we focus on more? Demand or Supply? - page 3.

Akoldi_ibk

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

I absolutely agree with your point and your strategy. However, everyone knows what works best for him/her. Meanwhile let's not forget that the supply of bitcoin is fixed. The focus should be on demand which will be drive by merchants accepting bitcoin as payment method.

jeromix

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Ako Bayot!

Quote from: BertoloyBTC on September 01, 2018, 09:07:41 PM

We will be much focusing on the demand of cryptocurrency ,because if we talk of supply there are many new launched tokens and altcoins in the market , so there is no problem with regards to narket supply because of the altcoins flooding in the market cap now, so the demand for customers and investors are much to be focus as of now.

Here in cryptocurrency it is not like that because the supply is being determine already and this will be the basis for the market price to increase. The lesser the supply the higher the market price of the crypto will be. So this will lead to a competition where one should buy more of that crypto because that crypto has a huge profit from the implementation and realization of the project.

jeromix

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Quote from: anavir on September 01, 2018, 07:33:27 PM

for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together

Here in cryptocurrency it is not like that because the supply is being determine already and this will be the basis for the market price to increase. The lesser the supply the higher the market price of the crypto will be. So this will lead to a competition where one should buy more of that crypto because that crypto has a huge profit from the implementation and realization of the project.

virendarnagpal

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I am of the view the spending more and more bitcoins will increase its' popularity. Spending more will depend on the number of institutions / firms / organisations accepting bitcoin as payment for their services / commodities.
So more and more institutions should be motivated or they should come forward in accepting bitcoin. Then bitcoin will be used for the original objective for which it was created i.e. currency payment.

jeromix

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

This thread is encouraging people to hold bitcoins and i agree with it because it will help market price for bitcoin to increase. There is no better idea than giving FUD's to investors that will going to believe and will going to sell their bitcoin holdings because of false information widely spread among the FUDster's. I should hope that many will going to buy bitcoin and hold for now as the current market for bitcoin looks so bad.

Red Fire

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

Well, i think the higher the demand, the higher the price. But i guess, we need to balance the supply and demand to control the price in a right price. not low, and not that much high. But in crypto, we need a higher demand than higher supply.

carlisle1

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Nice post dude,you have alots of good eyesight about the circulation of the market as I believe that satoshi nakamoto created bitcoin to be a material for payments not for being hold,yes i admit that i am holder of this prestigious coin but i use this also for some payments in real life things that must be realized by the biggest holders of the cryptocurrencies

noah tall

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Quote from: spongegar on September 04, 2018, 02:23:18 AM

Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

It is true that in the case of crypto currency, demand should be increased by accepting more and more platforms for bitcoin or any other crypto currency to be more and more useful and increase awareness. Simply put, if more and more people know of crypto currency, the more people will buy it.

In cases where there is a mass adoption, it is sure demand will always increase more than supply and since a lot of holders will prefer that anyway, it makes it more of a focus for a lot but in the real sense, demand and supply are equally important as that in a way brings about a balance eventually in the market.
The good thing though about most cryptocurrencies have a limited supply which brings about the deflationary nature, and in that case, there will always is more when it comes to demand eventually.

justdimin

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Quote from: sublime5447 on September 07, 2018, 11:52:15 AM

This is the error of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target

The main question here is not that should we focus on getting demand or supply higher, neither the op nor probably none of us has the power to change the current demand or supply all ourselves.

Of course what he means that what should we look at to try to understand the upcoming increases or decreases in the price which means the proper way to ask this question is "do you think demand or supply effects the market more" and that is of course can be answered "both" because if the demand is more than supply than the price of bitcoin goes up and if the supply is more than the demand than the price of bitcoin goes down.

It is simple math really after all

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sublime5447

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This is the error of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target

Ewinsane

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Quote from: anavir on September 01, 2018, 07:33:27 PM

for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together

Both are always going to be important in any market which is what makes it a market anyway. Usually, there will always be some elastic limit which could happen in both sides and then we get to see the market being overbought or oversold and then the possibility of a reversal.

This is where demand and supply comes in. However, it is understandable that when demand is far more than supply, in this instance, the price tend to increase and vice versa, which in a way makes both a price determinant.

fasdorcas

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

To me, 100% hoarding even makes it more centered on a speculative investment than getting to see its real life usage as a currency in action. Hoarding by everyone will not solve that part that I just mentioned because it is supply and demand that really makes the market and for what it is worth, as long as the supply is intact, and we get a lot of demand for it as currency, we will be able to see a balanced curve.

Not like hoarding is bad, and for sure demand is far more important for the growth in value of anything, but at the same time, we should not because of that rule out supply just like you mention.

Getcoinsite

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THE main reason why satoshi nakamoto created this coin is to be used as currency,virtual money that may act as payments for all transactions online.and hoarding is not part of the plan the matter is this greed people find it profitable that holding large amount of this coin may bring them profit because they can control the market price from this..I believe that bitcoin is more profitable if this will circulate and not be hold

resty

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

I started to go in business of bitcoin of course I choose to focus on supply first which I buy a large amount of stocks and preparing to Invest later to the purpose of getting big profit after the deflation rate of bitcoin.

streazight

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

When people hold a lot of Bitcoins it will prevent manipulation just like someone once said… but if there are lots of people selling out their Bitcoins, it will lead to a huge drop in the price of that particular cryptocurrency creating a chance for ‘Pumpers’ (who are usually a group of investors working together) to get in and buy at a very cheaper rate and raise the price to higher rate and once it’s up they will dump it again.

These people don’t get chance when there are lots of people holding. But don’t forget that this pump is a way for many people to make profit from crypto.

yonjitsu

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What's about for supply if noone demands for it? IMO, prices are low if the demand is low too so i think the increasing demand of people especially towards cryptocurrencies will drive the crypto/cryptomarket towards its healthy status that may even last for a long time.

spongegar

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

It is true that in the case of crypto currency, demand should be increased by accepting more and more platforms for bitcoin or any other crypto currency to be more and more useful and increase awareness. Simply put, if more and more people know of crypto currency, the more people will buy it.

Ctn

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Quote from: Ziskinberg on September 01, 2018, 07:43:09 PM

Quote from: anavir on September 01, 2018, 07:33:27 PM

for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together

Exactly.Both should increase together.If there are more demands already,so more investors will make investments and it needs a big amount of supply too.I think both should work together hand in hand so we can expect a positive outcome in the end.

Nah, it doesnt work like that mate. The crypto currencies when formed are completely independent of supply, they all have the limited supply and thus there is no way one can increase them in the later period. They are already fixed up when they are forming a smart contract with the platform. Only those coins which are centralised one will have the unlimited supply but as we know very well, their value is not rising properly because supply is always higher than the demand. As soon as demand goes up the supply is raised and thus it gets diluted. Its better to have the same condition which we see today.

chocolah29

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Quote from: Kakmakr on August 30, 2018, 03:38:04 AM

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Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

IMO, adoption of merchants isn't the only way to have a massive increase, we can still achieve this by buying more even we don't spend it. The fact that the value grows significantly, some prefer this to hold than use.

Consequentially, merchants shouldn't be the issue here since merchants isn't open for this, so the least we can do is refrain ourselves from selling, since selling will just make some dips thus buying more is a key to heightened the demand. Actually, this should start from ourselves.

hildacitra

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To me, both demand and supply should be main focus, because those are go run together. The supply should fill the demand otherwise there will be unstable on the market/value. There are many people are hoarding their coins because they think that it is better holding and hoarding their coins rather than selling it, in fact that the market is not stable.

We should prevent hoarding to avoid dump, people now tend to be greedy. They never think and feel other.

Topic: What should we focus on more? Demand or Supply? - page 3. (Read 1668 times)