From a huge price increase only a few would really profit.
Even if the bitcoin price would suddenly reach ten times the price it has now, it would not mean much for me because the amount of coins I have is just too low.
But I would be tempted to sell the coins and save my winnings. And many others would be as well, what would bring a decrease of price most likely shortly after the increase.
On the other hand, if a lot of people use bitcoins the coin becomes more and more stable. And I suppose a slow but steady increase in price would go along with that.
A short and steady growth does not bring the temptation to save your winnings. On the long run it would be much better for bitcoin and its price.
Topic: Which one is better for bitcoin future? Mass adoption or huge price increase? - page 15. (Read 13677 times)
August 31, 2016, 06:39:10 AM
August 31, 2016, 03:53:12 AM
This is one of the most difficult questions i ever saw on this forum but what i know is that a huge price increase will always be positive for people who are investing with bitcoins you know but a big mass adoption cant be negative also so i dont know what i would pick...
August 31, 2016, 03:29:25 AM
Mass adoption is probably better for bitcoin but huge price increase is better for my personal wallet haha.
August 31, 2016, 03:21:08 AM
The benefit it could give to a wider audience definitely outweighs the price increase that only a few are aware of. With mass adoption, bitcoin's stability is somewhat secured. And if it succeeds in its goal towards mass adoption, it could altogether replace fiat and become the staple currency all around the globe.
August 31, 2016, 03:19:06 AM
in the long term of how things work for bitcoin i choose mass adoption to have a better and bigger effect on bitcoin. because it is the adoption and adoption only that can help with the growth of bitcoin not sudden temporary swing arounds that can kill bitcoin.
August 31, 2016, 03:12:09 AM
The more important of bitcoin in the future is mass adoption. Because if bitcoin are adopting will definitely be more and more uses and could affect the price of bitcoin. So if bitcoin experiencing mass adoption will be able to affect the price of bitcoin future.
August 31, 2016, 03:07:06 AM
Since mass adoption cannot happen any time soon, a pump would be nice so we can make some profit from the new guys.
My thoughts exactly:
My thoughts exactly:
Increasing price only benefits speculators. Some people (mostly speculators, of course) claim that an increasing price attracts more adoption; however, the people it attracts are just more speculators. If Bitcoin is all about speculation, then it is just a giant pyramid scheme and a waste of time.
Yes, we need mass adoption, or this would lead to a giant pyramid scheme, or illegal ponzi scheme. I hope btc can be widely useful in the real world, not only speculation things.
August 31, 2016, 03:02:35 AM
In my opinion i will say mass adoption will be profitable it will cause huge trades in market but price increase is just a temporary fun it will not stay at highest forever and it can have nequmetive effects too
Yes, mass adoption is the greater achievement to go with, in my opinion too. I believe it will take bitcoin into main stream of adoption as many people and merchants will be backing. High price is only possible when bitcoin hits main stream of adoption. With a strong community of bitcoin world, I believe we are already heading towards that. August 30, 2016, 03:34:00 PM
i think that mass adoption is always the best because in my opinion it allows bitcoin to become big
August 30, 2016, 03:20:35 PM
I think mass adoption will be better for bitcoin, if the bitcoin users are more the price will eventually/slowly increase.
August 30, 2016, 03:11:19 PM
In my opinion i will say mass adoption will be profitable it will cause huge trades in market but price increase is just a temporary fun it will not stay at highest forever and it can have nequmetive effects too
I think with the slow and steady adoption of bitcoins that is going on right now I think it will win slowly come to be a stable part of the world economy. We’ve seen some spikes in price but it has always leveled out and continues to rise. But mass adoption always follows a price spikes.
August 30, 2016, 03:06:13 PM
In my opinion i will say mass adoption will be profitable it will cause huge trades in market but price increase is just a temporary fun it will not stay at highest forever and it can have nequmetive effects too
I think with the slow and steady adoption of bitcoins that is going on right now I think it will win slowly come to be a stable part of the world economy. We’ve seen some spikes in price but it has always leveled out and continues to rise. But mass adoption always follows a price spikes. August 29, 2016, 10:57:39 AM
I think that mass adoption of Bitcoin is better for Bitcoin's future because we'd be able to buy and sell more easily if people accept Bitcoins.
August 29, 2016, 10:55:46 AM
Since i see many people only care or focus about bitcoin price and they say it's good for bitcoin future. But, of course we know bitcoin is a currency and we need people who use/accept bitcoin as currency.
So, Which one is better for bitcoin future? Mass adoption or huge price increase?
Of course, we're NOT talking huge price increase because mass adoption.
So, Which one is better for bitcoin future? Mass adoption or huge price increase?
Of course, we're NOT talking huge price increase because mass adoption.
it will be better if many people use bitcoin. bitcoin will keep alive then.
if the price just increase and only a few people know and use it, it will be useless then. so we need mass adoption first. imho.
August 29, 2016, 09:13:02 AM
Since mass adoption cannot happen any time soon, a pump would be nice so we can make some profit from the new guys.
My thoughts exactly:
you are right, a pump right now would be very beneficial because a lot of new people come to bitcoin so it wouldnt come back down My thoughts exactly:
Increasing price only benefits speculators. Some people (mostly speculators, of course) claim that an increasing price attracts more adoption; however, the people it attracts are just more speculators. If Bitcoin is all about speculation, then it is just a giant pyramid scheme and a waste of time.
August 29, 2016, 08:58:19 AM
I have come to believe that huge price rises are not good at all for the adoption of bitcoin just the same way the free falls are not good.
because it is the exact opposite of what a currency should be like. a bitcoin user who wants to use bitcoin as a currency would want to be able to have the same purchasing power in the future as he has today. although a small and steady (slow) rise is different from a big sudden rise which will become unstable.
because it is the exact opposite of what a currency should be like. a bitcoin user who wants to use bitcoin as a currency would want to be able to have the same purchasing power in the future as he has today. although a small and steady (slow) rise is different from a big sudden rise which will become unstable.
August 29, 2016, 08:54:50 AM
I more like huge increase price than mass adoption, because people will not interisting use bitcoin if there is not valuable in it. And if there is valuable in bitcoin ( huge increase price) will make mass adoption.
August 29, 2016, 06:14:43 AM
If there is mass adoption then it would mean there's more demand into it and more companies or stores will be convinced that they should accept bitcoin as their mode of payment because more people are using it. In effect, maybe a stable price of bitcoin will be established and trading volume of it will increase and will drive also the price to rise higher.
August 29, 2016, 06:06:05 AM
The two options you have given here, are dependent on each other. Mass adoption is required to increase the price of bitcoin. On the other hand, if the price is increased to a very high level, people will start adopting bitcoin for investment and increase the market penetration.
So, both the things will be required for better future of bitcoin. Price increase is the ultimate goal for some and to happen that in real, mass adoption is required.
So, both the things will be required for better future of bitcoin. Price increase is the ultimate goal for some and to happen that in real, mass adoption is required.
August 29, 2016, 05:59:38 AM
Since mass adoption cannot happen any time soon, a pump would be nice so we can make some profit from the new guys.
My thoughts exactly:
My thoughts exactly:
Increasing price only benefits speculators. Some people (mostly speculators, of course) claim that an increasing price attracts more adoption; however, the people it attracts are just more speculators. If Bitcoin is all about speculation, then it is just a giant pyramid scheme and a waste of time.
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