Which one is better for bitcoin future? Mass adoption or huge price increase? - page 8.

carlerha

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Quote from: OmegaStarScream on August 27, 2016, 01:16:23 PM

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.

A huge price increase will only make people sell everything they have and walk away (at least most of them will) so I'd say having Mass adoption is much better (and which will eventually lead into a stable price increase)

yes that is a fact that that is the reason that mass adoption is more good that the huge price increase, if the price of bitcoin can go high it can in turn come back in no time. but if the number of bitcoin increase then they will surely give support to bitcoin and will not let it fell down.

krishna1

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i vote for mass adoption and thats exactly every bitcoiner is wating for. wevhave already encountered many price infreasions but when bitcoin will havd huge popularity then itvwill grow the trading ground and other services

whizter

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Quote from: croutonhexagon on November 20, 2016, 09:03:33 AM

I would prefer for mass adoption because when there will be too many users then it would become the father of cryptocurrency and it will have maximum market capitalization, fortunately bitcoin has maximum market capitalization. So i prefer mass adoption.

yes that is a fact that if the number of bitcoin users will increase bitcoin will become more and more strong and so people will put their confidence on bitcoin, therefore me mass adoption is too much important as compare to price increase.

katrimans

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Quote from: Leonard2016 on November 19, 2016, 11:04:15 PM

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.

both are good but i think it should be obvious that mass adoption comes with a lot more benefits that one of them is a huge price increase in its future. so in other words you hit two birds with one stone if we can see mass adoption first.

I would prefer huge price increase because see if there is a price increase then there will be a craze among people to buy bitcoins because see when bitcoins price got from 100$ to 1000$ back in years then you see the users increased much more, so just a price increase can do it again !

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Quote from: Sithara007 on November 20, 2016, 12:53:08 PM

I voted for "Huge price increase". If Bitcoin exchange rates shoot up to $10,000 per coin or $100,000 per coin, then it will attract a lot of attention. A lot of institutional investors will flock to purchase Bitcoin, and in the end the user-base will also expand.

But honestly it is impossible to happen in bitcoin so i voted to mass adoption since this is the only way that can more people knows about bitcoin. more stores are accepting can attract people to use bitcoin to buy online shopping.. or other activity that can use for bitcoin.. not only for buying something online..

BingoDog

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I would like huge price increase, that is from my personal point of view. But for mass adoption that is actualy not good because very high price is not available to wider population. If we want Bitcoin to be spread all around the world then probably mass adoption is the solution.

Sithara007

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I voted for "Huge price increase". If Bitcoin exchange rates shoot up to $10,000 per coin or $100,000 per coin, then it will attract a lot of attention. A lot of institutional investors will flock to purchase Bitcoin, and in the end the user-base will also expand.

Bitcoinsummoner

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I think almost people here are voting to mass adoption it is obvious so that if mass adoption will happen we can use bitcoin in many ways and many stores online and locally.. this is what people are waiting. and the other side the price of bitcoin they are also waiting for huge price increase because they are holding a good amount of bitcoin or for trading purposes to make more profitable buy low and sell high..

Victorycoin

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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.

Mass adoption does not mean everybody has to be involved, a great percentage of it is all that would be necessary. Already we are seeing increase in the number of users and market capitalization has been quite progressive, those are steps in the direction of mass adoption.

Huge price increase is a function of mass adoption and the value of any coin depends on its user base, which can be seen as its acceptability. Without good enough user base - buyers and sellers, huge price may never happen and if it does, it would be transient, because there would be no basis to hold it out up there. That bitcoin have risen from few cents to hundreds of dollars is all because there is increase in the number of people demanding it.

Whosdaddy

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Quote from: sakinaka on November 19, 2016, 05:40:25 PM

That's obviously mass adoption, because that will then lead to the huge price increase. What's even better is that it will happen thought the course of the years.

Yeah mass adoption is much better but at the same time a price increase mass work as a catalyst because people will have bitcoins and being new they would always like to see the price go up and if at that time a little increase in price is done then really people will buy much more and save for much higher price.

Multipulty

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Quote from: Mastsetad on November 20, 2016, 11:59:47 AM

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.

Mass adoption is the only way for bitcoin to touch the sky, without adoption bitcoin cannot go ahead but it will just keep rolling around like this, today it grows $30 higher and tomorrow it drops that amount again, so that wont make us reach higher if there is no adoption at all.

Actually mass adoption and higher prices are inter related, we cannot expect higher price of bitcoin unless there is no huge adoption and acceptance from the people worldwide, if more people starts using bitcoins then it will surely take price of bitcoins to new heights.

Mastsetad

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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.

Mass adoption is the only way for bitcoin to touch the sky, without adoption bitcoin cannot go ahead but it will just keep rolling around like this, today it grows $30 higher and tomorrow it drops that amount again, so that wont make us reach higher if there is no adoption at all.

arransiv

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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.

el kaka22

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Quote from: shinratensei_ on November 19, 2016, 10:54:10 PM

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.

I may think if the Indian cases have become a real example for this topic. Massive adoption it hasn't meant will sue to increase the size.
And the massive adoption has become the first stand for the price increase.

Yeah that's a classic example but at the same time I think if both can be done somehow I mean a price increase and a mass adoption then it would work best because people will have bitcoins and the price increases so all those who have bitcoins will love it. While if it is just a mass adoption then the price increase will be temporary, even like in case in India.

dothebeats

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Mass adoption, because how would one buy or get a bitcoin if in the first place its price is too high? Also, with mass adoption, everything else follows: development, community, support, improvements and whatnot. Aside from those things we can ensure that the currency would really perform well and might somehow be used by majority of the people in the world.

Hazir

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Every case of price increase without being backed by adoption is temporary bubble and won't last. We had example of something like that happening in 2013.
Please don't be stupid and expect price to skyrocket and stay high just because some whales decided to organize pumping fiesta. Adoption = organic price rise - there is no other way around.

springgers

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I think both requires each other to happen however I don't think that will occur an mass adoption because a lot of people don't see the power of bitcoin.

The India example as good to show to the world how they can be safe from governments/banks.

BitcoinHodler

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Quote from: croutonhexagon on November 20, 2016, 09:03:33 AM

I would prefer for mass adoption because when there will be too many users then it would become the father of cryptocurrency and it will have maximum market capitalization, fortunately bitcoin has maximum market capitalization. So i prefer mass adoption.

well yeah but mass adoption is not going to happen over night an it is actually a good thing because bitcoin is currently at its maximum capability to handle users and if a sudden surge of usage happens i don't think any of us are going to have a good time.

croutonhexagon

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I would prefer for mass adoption because when there will be too many users then it would become the father of cryptocurrency and it will have maximum market capitalization, fortunately bitcoin has maximum market capitalization. So i prefer mass adoption.

Pierre 2

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Mass adoption is better for sure.
You want something to work? you need bigger market of sellers and buyers and users.
Short term demands are for speculation so it means nothing.

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