Topic: What should we focus on more? Demand or Supply? - page 5. (Read 1710 times)
Yes of course HODLing is good and eventually would initiate price increase but, if no one buys, the market price will not grow and would sometimes dip more due to panic sell off, as some investors want to save their invested money in crypto. So its better also to improve the demands or any businesses should be open and will accept bitcoin as a mode of payment in order to keep the market going and become healthier in the long run.
Electronic money always exists in parallel between supply and demand. If supply is low, demand is high, push up prices are indispensable. Thing is scarce is expensive. If supply is high, demand is low, price increase is also limited.
Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.
Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses).
But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker).
A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.
Well considering on a business perspective, accepting bitcoin as a payment is definitely risk with its volatile value. Not to mention the transaction speed, business owners are at a double-edged sword if they accept bitcoin as an alternative payment. But on the other hand, if everyone in the industry starts to accept it as a means of payment, it would encourage more business owners to utilize such and influence the government to support this payment which eventually would be beneficial to both parties.
The only hindrance that I would see is the implementation of the said system and incorporate it on the industry. Not to mention, not everyone has bitcoin on their hands which also contributes to this problem.
Hoarding actually wont make bitcoin grow further, it can help people to avoid panic sell but can't make bitcoin grow, the correct way to make bitcoin grow is by creating the awareness like OP said and asked people to invest in bitcoin, but we can't asked local shop to accept crypto, because its not giving benefit to the store if the price keep on fluctuative, and some government won't allowed crypto being used for transaction payment, to make bitcoin into healthy currency the demand and supply need to be balance
We should put our effort to demand because that's dictate the price. The highest the demand the bigger the price will be. Bear market is cause by lower demand we should put everything in demand side.
All interested should concentrate on increasing the demand for crypto currency in the population to strengthen the market position.
Good point. Just like in the market, products being hoard will increase its price but affects other players in the market. For example, if sugar will be hoarded, a lot of other products will be affected, food and drinks in general.
Hoarding bitcoin will only discourage stores, shops or merchants from accepting bitcoin for transactions because few or none are using it.
Hoarding bitcoin will only discourage stores, shops or merchants from accepting bitcoin for transactions because few or none are using it.
economically speaking I think equilibrium is a must. if there are more demands than supply then it is scarcity. if there are more supply than demands then there will be left overs put into waste. People should think practical.
For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.
Demand should be the main factor behind the bitcoin price rise and normally people do trade during these days i am happy when the price rise and then i hold my bitcoin for further investment now i am investing in ICO which is also very profitable way and if you have multiple coins then you can trade easily.
We should be focusing more on demand because its the basis of everything. If the demand of cryptocurrency increases people would definitely make a way to supply them using altcoins. If the people demnd it, the government would also legalize it in return, plus oversupply with less demand doesnt makes sense.
right, high demand will have a positive effect on the price of bitcoin. with the least number of sellers, the buyer will dare to buy a high price, so that if it continues, the price will be higher, and in accordance with the expectations of all of us 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 
the wisest decision now is to demand for more btc, demand and stock as much as you can, the future is bright, positive publicity about bitcoin should be carried out to encourage people to come and invest in bitcoin. 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
I think we should focus on demand, simply because the higher the demand of a certain product the higher the value of the product will go. Even we have limited or unlimited supply if the demand is not their the price will not go up. for me, Demand is the deciding factor of a price action. Just like bitcoin, we have a limited amount of bitcoin in the market and it has a total of 21 million all in all. its a good thing that we have limited supply but its the demand of the people to the bitcoin that gives a big value to it.
We should be focusing more on demand because its the basis of everything. If the demand of cryptocurrency increases people would definitely make a way to supply them using altcoins. If the people demnd it, the government would also legalize it in return, plus oversupply with less demand doesnt makes sense.
actually both are important. but for one reason, supply is more important for the ongoing economy. because if it runs out of supply, the economy will fall apart.
The demand is what we should focus more because if we will focus on supply then it will just overwhelm the demand and if the demand cannot keep it up with the supply then the price of the cryptocurrency will just fall and that is not a good thing for investors or holders to see that the price is falling down so it is best to focus in demand.
We should focus on both supply and demand because those 2 components are important in our economy. It should be balance. Remember that supply and demand works together and connected.
I agree.We should promote to increase its demand and supply because they should be working hand in hand.Because it's still useless if there will be more demands already but the supply is still less.Still crypto would not be that essential.
I see no difference between the two because both are necessary to maintain the balance for the better and successful market performance of the coin. It is good to attract more people to invest but if there is no strong holders but more sellers then attracting more people will become useless and the same situation if there is low supply with a high demand because the market price will be nailed to its latest value due to the supply circulation movement was limited in which no one want to trade but just keep on holding.
OP has point on the idea of how to increase the demand, and I have to agree with the idea. But, hoarding coins is another idea of attracting more investors to the market, as hodling will increase the price (Bitcoin for example.) So, either of the two could be a way of executing more demand. What I like about the OP's idea is, the development for mass adaption of cryptocurrency. We need to maximize the use of Bitcoin, in a way of promoting and encouraging merchants to accept Bitcoin as a payment option.
As of now that the tokens ansd altcoins in the market now is very plenty then their will be much supply in the market, so our focus now is to promote the the demand of this supply of coins ,so that to achieved a balance business in cryptocurrency.
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