Topic: What will be the consequences of increasing demand to bitcoin? - page 4. (Read 579 times)
December 30, 2017, 01:54:44 AM
The consequence of increasing the demand to bitcoin is that the value of bitcoin will also increase. The law of supply and demand applies to it. If you say negative I think the price of the bitcoin becomes higher if you buy it because you want to invest or trade it.
December 29, 2017, 07:39:10 AM
It's not actually negative effect because everything that increases bitcoins popularity means it's growing.
I think what you meant was what would people react to the current growth.
Well investors will think they are not able to make it with bitcoins because it's too expensive.
They are more at risk of losing capital because of its volality and they have started at a high point.
They would see the effects of growth or indication that it's more popular now, like slow transactions and fees.
Some would not believe bitcoin because of the main concept explained but can not be experienced today.
Soon there are more things that will make people hesitate.
I think what you meant was what would people react to the current growth.
Well investors will think they are not able to make it with bitcoins because it's too expensive.
They are more at risk of losing capital because of its volality and they have started at a high point.
They would see the effects of growth or indication that it's more popular now, like slow transactions and fees.
Some would not believe bitcoin because of the main concept explained but can not be experienced today.
Soon there are more things that will make people hesitate.
December 29, 2017, 06:46:20 AM
I don't think there is any negative effect, bitcoin prices will increase.The more people who invest in bitcoin, the bitcoin stock will be more limited.
December 29, 2017, 06:05:31 AM
Is there any negative effects to bitcoin if it becomes more popular than it is now?
I think the negative effect when Bitcoin demand increases is a huge crash in price. Why? most people are investing in Bitcoin to make profit and not to use it for payment and when the demand rises Bitcoin price will skyrocket and when it hit a certain amount some investors will surely take their profit that is the time that its price will temporarily drop or crash, but this is not really a negative effect since it open an opportunity to buy in discounted price. Another negative effect is network congestion, we all know that Bitcoin is experiencing scaling issues so whenever the demand increases, we can expect more unconfirmed transactions and transaction fee rises too, but this issue will surely have a solution soon. December 29, 2017, 04:31:30 AM
Is there any negative effects to bitcoin if it becomes more popular than it is now?
We're already witnessing a lot of problems as of right now due to the increased popularity of Bitcoin and this could be considered as just the beginning. There is already a massive congestion in the network making the transaction fees skyrocket and carrying out micropayments is not at all worth it. Lets hope the core will step up and deliver big updates to overcome the scalability issue.
December 29, 2017, 03:06:18 AM
Since bitcoin prices are extremely driven by supply and demand the price is affected greatly if the demand increases. The thing about it is that large swings in price will likely occur and once everybody who wants bitcoins already has their fill then it would be hard to sell it at high prices hence it could lead to price drops as well. Well this is actually ehat is happening right now. Volatility is still a problem because of the ever changing demand for bitcoins.
December 29, 2017, 02:45:34 AM
Is there any negative effects to bitcoin if it becomes more popular than it is now?
One negative thing that I can think of is the new investors will consider it expensive. As the demand gets higher their entry point will be too much and expensive. And another one is those holders that has focused with their investments with alt coins will be also affected and it can cause their portfolio to be in a quite falling but still crypto market is volatile. It can recover after and bitcoin can still has higher demand and other alts as well. December 29, 2017, 02:24:20 AM
Is there any negative effects to bitcoin if it becomes more popular than it is now?
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