Which one is better for bitcoin future? Mass adoption or huge price increase? - page 5.

talkbitcoin

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Quote from: South Park on November 26, 2016, 12:22:57 PM

Quote from: asuryan180 on November 25, 2016, 04:12:36 PM

A huge price increase because this will drive attention and a lot of people will get in,also the trading will increase really much and after some time it will stabilize and then it will have room for even more grow.So a price increase I think will be the better option but either of them to happen will be great for BTC.It's hard to tell which will be first but I guess we just have to predict for now

A price increase will bring new people to bitcoin but I think we need more long term users of bitcoin rather than more traders and speculators trying to profit from bitcoin.

for that we are going to need new merchants accepting bitcoin as payment. without it there will only be speculators who are trying to make have bitcoin short term until they make profit and then sell and get out duping the price fast.

the mass adoption is what we want.

Mastsetad

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Quote from: Kabul on November 27, 2016, 07:26:16 AM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

So the basic thing that we or bitcoin needs is mass adoption because we know without adoption bitcoin would have nowhere to go and it will remain where it is right now, if it achieves mass adoption it would progress more and that would make the price go higher automatically.

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Quote from: Kabul on November 27, 2016, 07:26:16 AM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

I agree but i think price increase helps bitcoins to be more popular, so once the increase continue, people will surely adopt bitcoins too. Like the billion coin, it has no exchanger yet but since its price ate getting higher and higher many people are now using it and the circulation of the coins goes continously. So i think mass adoptation was only 2nd option. its still the price that matters most.

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Quote from: btccashacc on November 27, 2016, 08:22:57 AM

Quote from: Kabul on November 27, 2016, 07:26:16 AM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

The bitcoin's price would increase as soon as bitcoin is accepted globally, but i am afraid that confirmation time will be a huge problem for bitcoin as payment processor, ultimatelly people especially sellers prefer to use a faster payment method, imagine if you stand on line at supermarket and people pay with bitcoin, they still need to wait to confirm the transaction before they have what they want to buy. It will take much time waiting for confirmation.

This is the problem right now but you can increase the fee for your transaction to get faster transaction. or to increase the priority of your transaction..
I am experience this past few days and i think it can be the problem about the transaction and i hope that bitcoin transaction in the future will fix.

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Quote from: error08 on November 27, 2016, 08:59:15 AM

Quote from: btccashacc on November 27, 2016, 08:22:57 AM

Quote from: Kabul on November 27, 2016, 07:26:16 AM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

The bitcoin's price would increase as soon as bitcoin is accepted globally, but i am afraid that confirmation time will be a huge problem for bitcoin as payment processor, ultimatelly people especially sellers prefer to use a faster payment method, imagine if you stand on line at supermarket and people pay with bitcoin, they still need to wait to confirm the transaction before they have what they want to buy. It will take much time waiting for confirmation.

Yeah, it could be a problem waiting confirmation while you are shopping, all this time I thought it doesn't really matter as you send bitcoin mean it a sent and irreversible, but it is not until the transaction confirmed. The founder and developers of bitcoin in collaboration with the miners aleady thinking about that and will resolve the problem, hopefully.

Everything is something quite serious problem if indeed all transactions require 1 confirmation in order to be processed, but if it's not necessary then it wouldn't be a problem. However all people sometimes do some mistakes that can make the confirmation level is quite low, so that all the things we do become delayed. And one of the things often do is make deals with fee low enough and did not meet the standards that have been set

error08

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Quote from: btccashacc on November 27, 2016, 08:22:57 AM

Quote from: Kabul on November 27, 2016, 07:26:16 AM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

The bitcoin's price would increase as soon as bitcoin is accepted globally, but i am afraid that confirmation time will be a huge problem for bitcoin as payment processor, ultimatelly people especially sellers prefer to use a faster payment method, imagine if you stand on line at supermarket and people pay with bitcoin, they still need to wait to confirm the transaction before they have what they want to buy. It will take much time waiting for confirmation.

Yeah, it could be a problem waiting confirmation while you are shopping, all this time I thought it doesn't really matter as you send bitcoin mean it a sent and irreversible, but it is not until the transaction confirmed. The founder and developers of bitcoin in collaboration with the miners aleady thinking about that and will resolve the problem, hopefully.

btccashacc

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Quote from: Kabul on November 27, 2016, 07:26:16 AM

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

The bitcoin's price would increase as soon as bitcoin is accepted globally, but i am afraid that confirmation time will be a huge problem for bitcoin as payment processor, ultimatelly people especially sellers prefer to use a faster payment method, imagine if you stand on line at supermarket and people pay with bitcoin, they still need to wait to confirm the transaction before they have what they want to buy. It will take much time waiting for confirmation.

Kabul

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Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption

BossMacko

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In my opinion it is better for the future of Bitcoin if we will have a mass adoption. Because the more people who used Bitcoin the more Bitcoin will be bought and sold.Having Huge increase of price will result few interested people only we will have lots of supply but the demand will not that huge because of few people wanting bitcoin.

leowonderful

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Mass adoption would be the clear path to a better price. Price spikes happen all the time and die down due to no real demand from traders and users of bitcoin, but mass adoption will raise price as more people want bitcoin and trade USD and other currencies into it to get Bitcoin. HODLing will also be on the rise if something like this happens, decreasing free supply, and eventually raising price. Of course this is mainly based on opinion, but a more stable price increase is always welcomed more than a quick up and down spike.

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Quote from: RobFre on November 27, 2016, 05:22:26 AM

A mass adoption would lead to more people buying and using bitcoins and so the price would go up, so I voted for it Cheesy

However I think that it is also possible that if the price skyrocketed a lot more people would see in the Bitcoin a good investment and start to use it.

But if many people wants to have Bitcoin would it be bad for people like us? Because if there is demand we certainly know that criminals want a piece of our Bitcoin. As much as possible we just need Bitcoin to have a price increase and a certain amount of users too keep us away from criminals. A good example is Gold many criminals want gold they even destroy a whole environment for its pieces. Wouldn't it be bad for the Bitcoin community if we have the same problem as Gold?

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Mass adoption will always lead to some percentage of long time hodling and thus decrease the free float thus increase the price.

The next wave might come in India and / or Africa and you might extend this price channel here:

https://bitcointalksearch.org/topic/m.16997781

RobFre

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A mass adoption would lead to more people buying and using bitcoins and so the price would go up, so I voted for it Cheesy

However I think that it is also possible that if the price skyrocketed a lot more people would see in the Bitcoin a good investment and start to use it.

ranochigo

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Mass adoption. A huge price increase wouldn't ensure the stability and longevity of Bitcoin. Without the main population adopting it, Bitcoin will not have any use in the future. A price increase would just make the investor happy, not those who want Bitcoin to grow.

Adoption does lead to a price increase, just like how the price increased when China entered Bitcoin.

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Quote from: Selly Arumsari on November 27, 2016, 12:37:33 AM

Quote from: ABCbits on August 27, 2016, 12:49:11 PM

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.

huge price increase because i think miner use bitcoin because the price , if in future huge price increase so users will increase

You don't read it right, the price increase because of the increasing users which created the demand and because of the investors who hold which lessen the supply and increases the price.

Selly Arumsari

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Quote from: ABCbits on August 27, 2016, 12:49:11 PM

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.

huge price increase because i think miner use bitcoin because the price , if in future huge price increase so users will increase

odolvlobo

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Quote from: South Park on November 26, 2016, 12:22:57 PM

Quote from: asuryan180 on November 25, 2016, 04:12:36 PM

A huge price increase because this will drive attention and a lot of ~~people~~ speculators will get in,also the trading will increase really much and after some time it will stabilize and then it will have room for even more grow speculative bubbles.

A price increase will bring new ~~people~~ speculators to bitcoin but I think we need more long term users of bitcoin rather than more traders and speculators trying to profit from bitcoin.

FTFY

deadpoolx

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Quote from: South Park on November 26, 2016, 12:22:57 PM

Quote from: asuryan180 on November 25, 2016, 04:12:36 PM

A huge price increase because this will drive attention and a lot of people will get in,also the trading will increase really much and after some time it will stabilize and then it will have room for even more grow.So a price increase I think will be the better option but either of them to happen will be great for BTC.It's hard to tell which will be first but I guess we just have to predict for now

A price increase will bring new people to bitcoin but I think we need more long term users of bitcoin rather than more traders and speculators trying to profit from bitcoin.

The ecosystem can not go forward without some of these elements, but I agree that more users using and promoting the currency helps to add more value to Bitcoin. With more users, there is a market with more liquidity, which makes investors more confident in the future of Bitcoin. In addition to bringing more stability to the currency in the market, this may help the price in the long run.

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Quote from: South Park on November 26, 2016, 12:22:57 PM

Quote from: asuryan180 on November 25, 2016, 04:12:36 PM

A huge price increase because this will drive attention and a lot of people will get in,also the trading will increase really much and after some time it will stabilize and then it will have room for even more grow.So a price increase I think will be the better option but either of them to happen will be great for BTC.It's hard to tell which will be first but I guess we just have to predict for now

A price increase will bring new people to bitcoin but I think we need more long term users of bitcoin rather than more traders and speculators trying to profit from bitcoin.

People are being attracted by the volatile nature of Bitcoin. In that matter, as long as the level of volatility stays the same, people will continue to get attracted, but also continue to stay in Bitcoin as they see it as a more than profitable investment option. Bitcoin needs the liquidity in form of fresh incoming money. That will help in getting the price to go up for the long term. Without fresh incoming money the price will slowly start to go down more and more. No one wants to see that happen.

South Park

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Quote from: asuryan180 on November 25, 2016, 04:12:36 PM

A huge price increase because this will drive attention and a lot of people will get in,also the trading will increase really much and after some time it will stabilize and then it will have room for even more grow.So a price increase I think will be the better option but either of them to happen will be great for BTC.It's hard to tell which will be first but I guess we just have to predict for now

A price increase will bring new people to bitcoin but I think we need more long term users of bitcoin rather than more traders and speculators trying to profit from bitcoin.

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