Is there any negative effects to bitcoin if it becomes more popular than it is now?
The only negative effect is that bitcoin will become incredibly expensive, if demand doubled overnight, the price will not double it could go up ten times, because many people will not sell and will keep holding making the supply even lower and the prices even higher.How come it was a negative thing if bitcoin having an expensive price?
If that is the case then no worries if people will only buy a small fraction of it because at the end, still it's making sense to do hold because of the expected profits later on. And for traders or regular BTC earners, that's a great thing so why considered that as a negative. Negative for new investors? Still no. Because with the price surging more, they will think that it's really reasonable for them to enter at any current price. Not an assurance that they can get a decent profit later but surely they understand the risks the moment they enter the game so they need to managed it well properly.
