Which one is better for bitcoin future? Mass adoption or huge price increase? - page 7.

GregH37

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Quote from: Dudeperfect on November 21, 2016, 12:11:49 AM

I am very glad to see that majority (around 80%+) have voted for the mass adoption and I have the same opinion.
Price increase may not bring the sustainability on the bitcoin or even the things which are required for an ideal payment system whereas mass adoption will prove beneficial in long term with one or many ways and it will help in transforming the way we use to transact on day to day basis. Mass adoption will keep malpractices away and also build a concrete base for the payment structure of future.

Actually price increase will just give some new investors a quick reminder, because they say invest when its going up. But mass adoption will bring a permanent or I should say unmatched change in the price and once mass adopted it would increase in the amount of users using it and hence the price will keep rising, while if only a price increase is done, it will increase and then decrease gradually.

Rinder

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At 2017 there is a big speculation about megaupload new project, that as Kim said it will make bitcoin reach another levels, something looks we arent able to make at the moment. With new people inside bitcoin and fresh money we can see a bigger price at bitcoin, but for crypto world, not only bitcoin, its better mass adoption.

SpaceTrader

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In my opinion 2017 will be the year of Bitcoin... Its getting another momentum... fresh money is flowing... there is no Mass adoption but at least there is adoption at all... i would expect new ATH in 2017...

hv_

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Quote from: jacktheking on November 22, 2016, 07:36:19 AM

I don't wish to see Bitcoin going over 5000 USD per coin or so. This is because I would like to see Bitcoin (or maybe another cryptocurrency) to take over traditional fiat currency when this technology become more mature. If Bitcoin price is very high, I really doubts it will have mass adoption and hence becoming only an investment for rich people and big corporate.

Hu ? Sth llike 10 Satoshi = 1 Cent works fine and would fit for any scenario...

TXS fees are the major issue against mass adoption

jacktheking

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I don't wish to see Bitcoin going over 5000 USD per coin or so. This is because I would like to see Bitcoin (or maybe another cryptocurrency) to take over traditional fiat currency when this technology become more mature. If Bitcoin price is very high, I really doubts it will have mass adoption and hence becoming only an investment for rich people and big corporate.

delliaerd

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Quote from: DomainMagnate on November 22, 2016, 05:41:31 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.

I think if just one thing happens, other will follow.Huge adoption will lead to price rise and price rise will attract more people to bitcoin

Yes, mass adoption or huge price increase both are good for bitcoin future. I agree with your statement above. Mass adoption and huge price increase are influence each other. No matter which one it started with, bitcoin future is good. I litle bit worry if bitcoin get mass adoption but the most of bitcoin users are only hold their bitcoin, its not good. Although deflation of bitcoin is good but if bitcoin amount can not fulfil people necessary, people will looking for another alternative. I hope circulation of bitcoin is get better.

harizen

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Quote from: kryptqnick on November 22, 2016, 05:34:46 AM

I voted for price increase but it isn't really good for bitcoin. It is rather good for bitcoiners. And yet I disagree that mass adoption is good for bitcoin, because thus it would have to face many problems connected with its legal status and contradiction between btc ideology and state of affairs with it.

Well as far as the government regulations is concerned, really expect a regulation in bitcoin once it will turned out to be the most used currency worldwide. With the status of bitcoin like that, we can see that mass adoption really happened if ever that time will come.

Price increase is due to Demands (Bulls = Buy) .The effect in bitcoin price due to mass adoption depends on how people will use treat their bitcoin whether for investment or currency

If in such cases that a bitcoiner will use their bitcoin just like a normal currency, there will be a dumping session regularly which will result for a stable* price.

*if ever majority of btc users will act like that

DomainMagnate

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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.

I think if just one thing happens, other will follow.Huge adoption will lead to price rise and price rise will attract more people to bitcoin

kryptqnick

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I voted for price increase but it isn't really good for bitcoin. It is rather good for bitcoiners. And yet I disagree that mass adoption is good for bitcoin, because thus it would have to face many problems connected with its legal status and contradiction between btc ideology and state of affairs with it.

acroman08

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I went with mass adoption as well.
I think we'd see more benifits with mass adoption as compared with massive price increase which could easily come and go because of instability.

Mass adoption :

1. Greater accesibility/ Ease of access
2. More shops, more options, wider selection of products we could buy
3. Better support and protection for players in casino sites as there'll be more competitive competition.
4. Price increase Grin

bamboylee

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Quote from: arransiv on November 20, 2016, 11:52:24 AM

Mass adoption is just a dream however huge price increase is something that bitcoin can conquer, remember that this coin worth few cents and now worth almost $1000 so sky's the limit for the price. About the adoption, I have my doubts about where we can go.

Your high price will not last without mass adoption. Mass adoption may not happen overnight but it is not impossible. A few years ago bitcoin is nothing, noted as a scam. But now, major companies are taking notice of bitcoin. That is huge development and mass adoption is not far to follow.

groll

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Quote from: vasrasus on November 21, 2016, 06:22:25 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.

I think both when mass adaption happens the demand is high that i will be beneficial for the people and it will lead to price increase due to the demand of use the users needed. I rally think whaterver happen bitcoin will still in trend because it is much profitable than real life jobs.

Yeah it needs to have mass adoption for bitcoin. In my opinion, bitcoin should be accepted by many people so that it's demand would increase and so as it's price will rise. If many would adopt bitcoin, the time of it's legalization will likely to be near. We should consider the standing of bitcoin in the future than to wish a huge price increase because this will only be temporary. While if we choose a mass adoption, then we can assure bitcoin's future stability.

carriebee

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Ill vote for mass adoption, where there is mass adoption there is huge
price increase. So there is also a need of demands of supply. Ill think
these are relevant in the better future of bitcoin.

vasrasus

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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.

I think both when mass adaption happens the demand is high that i will be beneficial for the people and it will lead to price increase due to the demand of use the users needed. I rally think whaterver happen bitcoin will still in trend because it is much profitable than real life jobs.

richmcrich

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Quote from: Raimonn on November 19, 2016, 06:05:52 PM

Mass adoption is better, but huge price inceases will apear on tv and newspapers, and more users will know about it. Mass adoption could later than news talk about a huge price increase of bitcoin.

A huge price increase is nothing as compared to mass adoption because you see if there is a demand for bitcoins the price will go up and up only. And that increase will be permanent too because users never gonna sell their bitcoins knowing the price can increase homogeneously anytime. Mass adoption will lead to main stream adoption of bitcoin system.

requester

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I prefer only mass adoption never where there will be mass adoption then only there will be price hike nectar more user will result in more demand which will definitely case huge crisis and definitely price will go up.

Mr. Big

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Quote from: Rude Boy on November 21, 2016, 12:16:57 AM

Increase in price will let peoples to sell their bitcoin. But mass adoption tends more peoples to buy and use bitcoin for their daily needs

Mass adoption is much much important compared to price increase... Price would slowly rise due to users, but if the price rises and yet the community is small, for sure there is a manipulation and the price is under the control of few traders/holders only... The more we are in the bitcoin world, the lesser the pump and dumps could happen since bitcoin is in the hands of many...

novemberwoah

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Of course bitcoin require mass adoption in the future. Because if bitcoin get mass adoption will make bitcoin network is expanded. I believe the mass adoption will certainly make the market bitcoin more active, and it will make the price to be increased and continues to improve.

Rude Boy

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Increase in price will let peoples to sell their bitcoin. But mass adoption tends more peoples to buy and use bitcoin for their daily needs

Dudeperfect

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I am very glad to see that majority (around 80%+) have voted for the mass adoption and I have the same opinion.
Price increase may not bring the sustainability on the bitcoin or even the things which are required for an ideal payment system whereas mass adoption will prove beneficial in long term with one or many ways and it will help in transforming the way we use to transact on day to day basis. Mass adoption will keep malpractices away and also build a concrete base for the payment structure of future.

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