What would happen to the bitcoin price if adoption increased on a larger scale?

alpamar99

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Quote from: 24Kt on January 01, 2022, 05:41:08 PM

Quote from: syedakhlaque on January 01, 2022, 02:57:08 AM

If bitcoin adoption increased on a larger scale then its value will rise. It will give benefit all stalkers, traders, and miners. The motivation of bitcoin users and businessmen will rise high. The market of cryptocurrency will be stable, boost up and it will win earn the trust of all bitcoin families. It will also increase the fame and popularity of bitcoin in the world.

That's the obvious impact if there will be increase in adoption, not only with bitcoin but with other alts as well. And with the increase in adoption, more merchants may possibly adopt the crypto payment method. Their issue is the volatility, so maybe as adoption increases, the volatility may decrease. Bitcoin may soon be a part of our daily living as we go cashless.

for alt itself they will definitely be affected especially for couples who are with bitcoin.
there really is no need to doubt this.
their influence is getting stronger and stronger and it is proof that they continue to have a strong adoption rate.
even though it's negative news and FUD continues to attack but bitcoin is still bitcoin that will indeed continue to increase

24Kt

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Quote from: syedakhlaque on January 01, 2022, 02:57:08 AM

If bitcoin adoption increased on a larger scale then its value will rise. It will give benefit all stalkers, traders, and miners. The motivation of bitcoin users and businessmen will rise high. The market of cryptocurrency will be stable, boost up and it will win earn the trust of all bitcoin families. It will also increase the fame and popularity of bitcoin in the world.

That's the obvious impact if there will be increase in adoption, not only with bitcoin but with other alts as well. And with the increase in adoption, more merchants may possibly adopt the crypto payment method. Their issue is the volatility, so maybe as adoption increases, the volatility may decrease. Bitcoin may soon be a part of our daily living as we go cashless.

syedakhlaque

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If bitcoin adoption increased on a larger scale then its value will rise. It will give benefit all stalkers, traders, and miners. The motivation of bitcoin users and businessmen will rise high. The market of cryptocurrency will be stable, boost up and it will win earn the trust of all bitcoin families. It will also increase the fame and popularity of bitcoin in the world.

alviemery96

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But it may not directly affect the price of Bitcoin every time adoption increases a bit. As I see it, the market is not easily manipulated by these news. This is really good news as we need to make sure that the market is also getting stronger. This is evidenced by the fact that the value of BTC has now increased to $55k and can reach $60k for the next bull run.

Emitdama

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Quote from: Desmong on October 04, 2021, 03:10:47 PM

Quote from: XCANA on September 24, 2021, 11:10:56 AM

An increase in demand for Bitcoin is indication that the demand is higher than supply and that will definitely lead to an increase in market value of Bitcoin if that happens. And that is what all traders who bought Bitcoin when it price is low expecting an increase so that they can make huge profit from their trading.

If there is increase in the patronage of bitcoin, the price will go up and many investors might decide to invest more in it. Increase in the adoption of bitcoin could increase the value of the cryptocurrency market. More people will become rich and those who ignored to invest in bitcoin might later come to make quicky reaction for bitcoin investment.

It's all is very good for writing but not easy to implement because there are many hurdles still waiting for this all adoption is working no one has any doubt in this case but for large scale work we need some better environment which can happen just after having some good education and knowledge because without this you can't spread this bitcoin it's not easy for many peoples to understand how this works and how to handle situation in emergency and many other cases.

Adopter surely become rich volatility will continue to depend on overall sentiment of the people due to the change of the environment in the market and some emotional decisions from the investors we may see some quick price movements.

AndySt

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Quote from: Silberman on October 04, 2021, 06:45:08 PM

Quote from: Kong Hey Pakboy on October 02, 2021, 09:08:16 AM

It's basic, just supply and demand. If there's more people meaning more demand and couple that with the fact that there's a limited supply of bitcoin, it's bound to go up in prices given that there's a probability of scarcity when the demand increases exponentially.

Not only that, even if we know that more than 18 millions coins have been mined that does not mean those coins are actually available at all times, if we take into account the coins that have been lost and the coins which are being held by whales and other long term investors then we find out the available supply of bitcoin is very low and as soon as the demand grows a little bit the price goes up very rapidly as the available supply dries up really quickly forcing people to pay more for it if they really want to get bitcoin now, and if the ones that buy it want to hold it then this decreases the available supply even further pushing the price up.

The most important question is the demand for the asset, if the asset is not so much in demand, then, accordingly, the price ranges do not have very high boundaries. Because the situation with the elusive Joe, who is elusive due to his uselessness to anyone, may repeat Grin

The most important danger is not fully supported by objective circumstances of the explosive growth of any asset, the same explosive fall subsequently and no price rigidity in relation to bitcoin at this stage of time, it is not necessary to say and such reflections are premature. Another question is what if we were dealing with stable and progressive growth, but given the very nature of bitcoin, which by its very nature is fundamentally unsupported by anything and all the madness that has been going on in the global economy lately, it's not even worth stuttering about stability in this.

Silberman

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Quote from: Kong Hey Pakboy on October 02, 2021, 09:08:16 AM

It's basic, just supply and demand. If there's more people meaning more demand and couple that with the fact that there's a limited supply of bitcoin, it's bound to go up in prices given that there's a probability of scarcity when the demand increases exponentially.

Not only that, even if we know that more than 18 millions coins have been mined that does not mean those coins are actually available at all times, if we take into account the coins that have been lost and the coins which are being held by whales and other long term investors then we find out the available supply of bitcoin is very low and as soon as the demand grows a little bit the price goes up very rapidly as the available supply dries up really quickly forcing people to pay more for it if they really want to get bitcoin now, and if the ones that buy it want to hold it then this decreases the available supply even further pushing the price up.

Desmong

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Quote from: XCANA on September 24, 2021, 11:10:56 AM

An increase in demand for Bitcoin is indication that the demand is higher than supply and that will definitely lead to an increase in market value of Bitcoin if that happens. And that is what all traders who bought Bitcoin when it price is low expecting an increase so that they can make huge profit from their trading.

If there is increase in the patronage of bitcoin, the price will go up and many investors might decide to invest more in it. Increase in the adoption of bitcoin could increase the value of the cryptocurrency market. More people will become rich and those who ignored to invest in bitcoin might later come to make quicky reaction for bitcoin investment.

dezoel

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Quote from: STT on October 02, 2021, 06:59:20 PM

Monetary velocity increasing implies a greater worth per unit as the currency becomes more circulated and so held. Incidental holdings count far more then deliberate speculation as some people will effectively hold forever, the trend across millions of people is the real fundamental worth rather then the market bid of an asset that does not actually have a use for it on a balance sheet. I'm only going to be impressed by anything Tesla does if they do put the BTC they have taken on into working circulation and increases effective population of the blockchain then we have actual gains likely, increased demand even if its circulatory is a big deal. Regular demand does equate to lower volatility I think.

Do not forget the ones that are lost as well. I am not sure if this is true and it could be a big lie but I read in many places that there are 1 million coins just satoshi had that is forever gone now, and even if that is not a fact and just plain wrong, we can safely assume that there are too many bitcoins gone for one reason or another.

We talk about 21 million bitcoins ever available but that is quite wrong, I am pretty sure over a million is already gone and can't be gotten ever again, people being dead, sending to 0x00 addresses (well whatever it is in bitcoin world) and many other things which means that bitcoin doesn't even have that much. Put the "forever hodling" people on top of that and you got yourself probably less than 10 million bitcoins ever in circulation and most of them are even long term as well, even though they are not holding forever, they are not selling daily neither, which leaves only a few million bitcoins ever traded daily, probably closer to a million.

This is the proof that bitcoin goes up in long term because more people that buys and holds, means less bitcoins available to trade.

Sithara007

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Quote from: lienfaye on October 03, 2021, 09:09:09 PM

Well, if adoption increased on a larger scale that means there is also a high demand resulting for the price to increase. If bitcoin adoption came to a point that it can also use to buy goods in either small or big merchants like fiat then its possible that the volatility will decrease, in a situation that there's a high demand and less supply circulating. However it will remain unstable because of the people who own bitcoin for their own convenience as investment or to use as currency.

I don't agree with this. The volatility of Bitcoin is very high, because a large fraction of the circulating supply is now being kept in free-float and bring traded by short-term traders. When the price increases, this proportion will go down and that will result in a reduction in volatility. I don't think that day traders will constitute large volumes, once the price reaches six digits. And for long term investors, new purchases will constitute decreasing volumes, as most of the users may have already accumulated coins by then. New demand will be easily met with mined coins.

lienfaye

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Quote from: _BlackStar on September 23, 2021, 01:48:57 PM

So is it true that bitcoin price volatility will decrease by itself as bitcoin adoption reaches higher levels?

Well, if adoption increased on a larger scale that means there is also a high demand resulting for the price to increase. If bitcoin adoption came to a point that it can also use to buy goods in either small or big merchants like fiat then its possible that the volatility will decrease, in a situation that there's a high demand and less supply circulating. However it will remain unstable because of the people who own bitcoin for their own convenience as investment or to use as currency.

LUCKMCFLY

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Quote from: Shenzou on September 29, 2021, 06:42:33 PM

I really don't think that this is going to be affecting the nature of the market in any bad way, the more people that use bitcoin the more decentralized it get the more volatile it gets, a large adoption of bitcoin will only create more supply and that will eventually lead to the increase of the price, so if anything it will affect the transactions, meaning that the fees will get higher and longer time to confirm, which make microtransactions non usable with bitcoin.

Yes, you are right, it is likely that now after everything you have said, it should also be taken into account that as more people come to buy Bitcoin, by pure logic of the Law of Supply and Demand, the demand will increase. , which will result in the supply going down and the price going up a lot. For the same microtransactions you can use Lightning Network, I think that part can be solved there, however we have to wait for it to happen because at least in the Slavador you have very good options using the Chivo Wallet, which does not have an associated fee when it is makes negotiation between chivo wallet to chivo wallet

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Quote from: breathlessz on October 03, 2021, 11:52:23 AM

Quote from: Dread Pirate Roberts on October 03, 2021, 04:37:51 AM

Quote from: _BlackStar on September 23, 2021, 01:48:57 PM

So is it true that bitcoin price volatility will decrease by itself as bitcoin adoption reaches higher levels?

I don't think so. bitcoin will always be a volatile asset. why ? due to limited supply. the larger the size of bitcoin users, the more it will go up because many are in needed and want it. i think something that having limitations will never be stable even when talked about if that is reach larger scale.

Moreover, the basis for forming bitcoin prices is based on the law of supply and demand, so that everyone who makes transactions will have an effect on the formation of bitcoin prices, and this is what makes bitcoin fluctuations high. With a limited supply and high technological progress, the future of bitcoin will be even brighter, considering that not many people have become bitcoiners

supply and demand is indeed the basis of bitcoin's value in the market. with fixed supply, what we can expect is just up and down movement in the market. how the market sentiments will affect its price value. and with many people getting involved in this market, we can truly expect a roller coaster ride. institutions, organisations, whales, small traders and the likes, those are important to have a healthy market.

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Quote from: Dread Pirate Roberts on October 03, 2021, 04:37:51 AM

Quote from: _BlackStar on September 23, 2021, 01:48:57 PM

So is it true that bitcoin price volatility will decrease by itself as bitcoin adoption reaches higher levels?

I don't think so. bitcoin will always be a volatile asset. why ? due to limited supply. the larger the size of bitcoin users, the more it will go up because many are in needed and want it. i think something that having limitations will never be stable even when talked about if that is reach larger scale.

Moreover, the basis for forming bitcoin prices is based on the law of supply and demand, so that everyone who makes transactions will have an effect on the formation of bitcoin prices, and this is what makes bitcoin fluctuations high. With a limited supply and high technological progress, the future of bitcoin will be even brighter, considering that not many people have become bitcoiners

dezoel

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I would assume that the best outcome could be adoption increasing in the El Salvador method. That way we would know that if there is a big adoption then it would be supported by the nation as well. I am not saying that it is the only way to make a profit but it is certainly one of the best ways to get bitcoin in the hands of everyone.

Plus, if we could have a banking industry type of deal, where we could move bitcoins and other crypto around between accounts and not pay any fee, then it would be awesome as well.

Think about how easy it would be for people to move crypto around if they did not have to pay a fee, you need to pay one to deposit money into that account, then pay a fee to withdraw crypto from that account but while it is there you can move money around between accounts of that platform without paying anything. This could be done if governments made it legal tender and banks started to use it.

Dread Pirate Roberts

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Quote from: _BlackStar on September 23, 2021, 01:48:57 PM

So is it true that bitcoin price volatility will decrease by itself as bitcoin adoption reaches higher levels?

I don't think so. bitcoin will always be a volatile asset. why ? due to limited supply. the larger the size of bitcoin users, the more it will go up because many are in needed and want it. i think something that having limitations will never be stable even when talked about if that is reach larger scale.

Victorycoin

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Bitcoin usually rises on the basis of demand and supply when the demand increases, the price starts to go up depending on the price of bitcoin the price of altcoin continues to rise many new companies are being added for the high price of bitcoin and various companies are approving bitcoin. That's why bitcoin is getting bigger since bitcoin does not require any financial institution to transact and its transaction dynamics cannot be followed its use is high.

STT

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Monetary velocity increasing implies a greater worth per unit as the currency becomes more circulated and so held. Incidental holdings count far more then deliberate speculation as some people will effectively hold forever, the trend across millions of people is the real fundamental worth rather then the market bid of an asset that does not actually have a use for it on a balance sheet. I'm only going to be impressed by anything Tesla does if they do put the BTC they have taken on into working circulation and increases effective population of the blockchain then we have actual gains likely, increased demand even if its circulatory is a big deal. Regular demand does equate to lower volatility I think.

verita1

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I think not much will happen. Apparently the price of bitcoin is maintained without much variation as if it were waiting for more adoptions around the globe to make the process easier because when the price of bitcoin falls more investors tend to buy.

I keep the happy idea that bitcoin has already exceeded the price of the basic Tesla model 3 and that it will do the same with the Long Range and the Performance model.

At this moment what is happening is that people are thinking about bitcoin and crypto to be included in the economies in the world, which is otherwise positive for everyone.

qwertyup23

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If BTC was adopted in large scale (e.g. countries have started accepting it as legal tender, etc.) then its demand would skyrocket among its users around the world. According to the law of supply and demand, when demand goes up and supply goes down, price would definitely increase- so the question of whether its price would increase or not is kind of an obvious answer.

Though, this is assuming in a perfect world that countries would accept BTC in circulation. Unfortunately, while El Salvador has accepted it as legal tender, China has prohibited its circulation which definitely affected its price globally.

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