Why does acceptance of Bitcoin has to do with the price of Bitcoin? - page 3.

findftp

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Quote from: Meuh6879 on July 09, 2014, 07:42:39 AM

production of BTC is knowned.
demand of buy, not.

price change over the month.
bitcoin is a real stock system with no interference of manipulation market.

Enough manipulation going on.
The only thing really differs is that Bitcoin is finite and cannot be counterfeited,... well,.. only if you don't count goxing.

DhaniBoy

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if we use bitcoin bitcoin has a price of course, is not possible if we use while bitcoin bitcoin has no value, we use bitcoin to perform all electronic transactions, such as buying goods using bitcoin, or buy tickets and buy the other, when the price of bitcoin bitcoin has unacceptable in all societies, especially the people who use the internet as a medium of transaction ... Roll Eyes

Mobius

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Quote from: blumangroup on July 31, 2014, 09:08:16 PM

Quote from: DannyElfman on July 10, 2014, 06:06:51 PM

Quote from: Malin Keshar on July 09, 2014, 08:48:31 PM

Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

But people who receive payment will not necessarily sell all the bitcoin they receive for their goods/services, and the people that purchase bitcoin will not necessarily spend all of their bitcoin.

Hopefully, eventually bitcoin adoption will be large enough so that companies will participate in B2B transactions in bitcoin, making it so companies will not need to sell the bitcoin they earn from sales into fiat.

This is exactly the right answer. The small incremental increases in adoption will have a small effect on the price of BTC however once enough people use bitcoin that businesses can pay their suppliers and vendors in bitcoin the price will be much higher as there will be much more demand for bitcoin.

counter

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Time is on our side, yes it is!

Scarce supply and the amount people put into the coin is what will determine price. If People believe Bitcoin is the best form of currency that could make the price go up, then considering supply/demand all need to be taken into account.

oceans

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Because there is a high demand for bitcoin and many bitcoins are available the more demand there is for the coin the more it will rise. As stated it is a matter of demand and supply, the more people want it the more it will get supplied and the price will rise.

wealthy$

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is matter of demand and supply

ljudotina

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I think that OP is just pure and simple troll. No way someone would get to this forum to this section and ask question like that....just no freaking way.

InwardContour

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Quote from: sandykho47 on July 27, 2014, 10:25:52 AM

More people use BTC = BTC price went up
example : when BTC suddenly popular, the price went up
It's just simple logic

en.wikipedia.org/wiki/Supply_and_demand

True but it's not entirely correct, I think it should be:

More people BUY BTC = up
Less people SELL BTC = up

thecast

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Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

This sums it up perfectly in the first reply

leezay

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Bitcoin is inherently anti-government and anti-central authority.

Given enough time, all governments will eventually ban it.

blumangroup

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'Slow and steady wins the race'

Quote from: DannyElfman on July 10, 2014, 06:06:51 PM

Quote from: Malin Keshar on July 09, 2014, 08:48:31 PM

Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

But people who receive payment will not necessarily sell all the bitcoin they receive for their goods/services, and the people that purchase bitcoin will not necessarily spend all of their bitcoin.

Hopefully, eventually bitcoin adoption will be large enough so that companies will participate in B2B transactions in bitcoin, making it so companies will not need to sell the bitcoin they earn from sales into fiat.

johnd7

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Quote from: benyben123456 on July 09, 2014, 07:03:27 AM

Why is there a correlation between the two?
Thanks

it increases trust in long term. When people trust they more buy or invest.

sandykho47

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Knowledge its everything

More people use BTC = BTC price went up
example : when BTC suddenly popular, the price went up
It's just simple logic

en.wikipedia.org/wiki/Supply_and_demand

tinof

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Quote from: Swordsoffreedom on July 10, 2014, 06:09:24 PM

Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

That its the effect of adoption that can be simplified to a supply and demand curve
More users and a limited supply increases price but we can also look at it from a S-Shaped adoption curve etc to determine how it moves.

That and Metcalfes law
http://en.wikipedia.org/wiki/Metcalfe%27s_law

In the case of bitcoin at this stage, I am going to say Metacalfes law has more to do with the price than supply and demand.

Remember, there are a lot of other alt coin out there that can serve the same purpose but don't have as much exposure.

Swordsoffreedom

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Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

That its the effect of adoption that can be simplified to a supply and demand curve
More users and a limited supply increases price but we can also look at it from a S-Shaped adoption curve etc to determine how it moves.

That and Metcalfes law
http://en.wikipedia.org/wiki/Metcalfe%27s_law

DannyElfman

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Quote from: Malin Keshar on July 09, 2014, 08:48:31 PM

Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

But people who receive payment will not necessarily sell all the bitcoin they receive for their goods/services, and the people that purchase bitcoin will not necessarily spend all of their bitcoin.

counter

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Time is on our side, yes it is!

Supply and demand is right. The more people using the coin will have less coins for sale on the open market which means the price will go up due to the scarcity of the supply for sale.

Malin Keshar

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Quote from: JustBetweenUs on July 09, 2014, 07:11:24 AM

As more people use it, demand for a bitcoin will be higher. Since it has a finite supply, price per unit will naturally rise.

Deppends.

If people use bitcoin to receive payment then dump the bitcoins for fiat, the price won't change. Its deppends more about the hodlers.

DannyElfman

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The more merchants that accept bitcoin and the more people that use bitcoin the more people will need to buy bitcoin, thus a higher demand for bitcoin

leanne

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people need to be sure that someone accepts their btc. but it basically does come down to between how many people all outstanding btc have to be distributed. more people => less btc for everybody => a single btc is worth a lot more

Topic: Why does acceptance of Bitcoin has to do with the price of Bitcoin? - page 3. (Read 6304 times)