Will Bitcoin lose its value if everyone's using it?

Thirio

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Quote from: lalabotax on February 04, 2018, 04:02:24 AM

Quote from: mk4 on February 04, 2018, 01:29:32 AM

Why would it lose it's value? If everyone is using bitcoin then it means that everyone had to buy bitcoin one way or another to be able to use it, right?

supply = low(Max Supply: 21,000,000)
demand = high

hence, price will increase.

I totally agree with you. maybe the thinking of OP is too simple because he thinks supply of bitcoin is unlimited. maybe that's what he thinks

I know that the supply of the bitcoin is limited. I forgot what i was thinking a while ago why'd i think that it would have lesser value when everyone got a hold to this. Thanks for the first answer it basically answered everything without much explanation.

secondgarlic

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If bitcoin was a fiat currency, the increase in people using the currency would be met with an increased supply of money, meaning the price of one unit of currency would decrease. But since the supply of bitcoin is limited, even if the whole world used it (actually specifically if the whole world used it) the price would most definitely skyrocket.

zhekinsp

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If everyone uses bitcoin it will increases the demand so which also increases its price.Currently very little community of people using bitcoin but still the price os expensive so imagine when 700M people uses bitcoin it will make too expensive than the current price.

lalabotax

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Quote from: mk4 on February 04, 2018, 01:29:32 AM

Why would it lose it's value? If everyone is using bitcoin then it means that everyone had to buy bitcoin one way or another to be able to use it, right?

supply = low(Max Supply: 21,000,000)
demand = high

hence, price will increase.

I totally agree with you. maybe the thinking of OP is too simple because he thinks supply of bitcoin is unlimited. maybe that's what he thinks

Zyborg

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Hahah good question.If everyone start using bitcoin from Economic perspective Demand will increase and Supply will run short due to which there will be upward increase in its price.BTC would not lose its value.Here i can say that BTC price will be much higher due to limited supply 21M and consequently it will be out of reach from mostly people across the globe.

eifer0910

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Correct me if im wrong, If bitcoin users become big somehow the btc price will affect also and it will eventually goes up too. So if you think that btc price will go down of the btc users gone big that is wrong.

marjon

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Definitely no, your point of view contradict to the fact - Bitcoin will gain bullish percentage once demand raised. More holder, more buying else, high demands.

gulechain

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It does not explain here. "When a thing is scarce, it is precious." Because bitcoin is not a commodity, it is a virtual digital currency that is accepted and used by more and more people. Its value is higher.

Fretcy

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How can one say that the value of bitcoins will dip when all the people are into bitcoin community, the fundamentals of economics teaches us that when there is more demand for a product the value of the product increases the value of a product depends on the general economic principle of the demand and supply as the supply of bitcoins is limited to 21 million bitcoins after mining all the bitcoins there will not be any more supply of bitcoins the bitcoins need to be circulating in the crypto market by selling and buying and the due to high demand there are chances for the prices to even go higher.

bunca

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of course not. Like everyone is using renminbi, but renminbi lost its value? the answer is negative. I think Bitcoin is being used by more and more people, it will only make it more valuable, because Bitcoin inherently embodies blockchain technology.

taeewo

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It can never decrease because by then the maximum supply of 21,000,000 must have been achieved which make more difficult to by as the demand will be high which will push up the price..

IRISlingk

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On the contrary, I think the contrary, if more people use, the price will be higher, because it is a limited currency, not just the same as the French currency can print extra, it is only so much. If a currency is used by everyone, then its value is already much higher than any other currency, not to mention that it itself has other values.

Shreek

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certainly bitcoin stock will decrease because stock is limited, but the value and bitcoin price will be higher, everyone is waiting for the bitcon scarcity, and then that baghodler will dominate the market.

therefore, now is a very good time to buy more bitcoins. every day bitcoin knocks on our door to immediately buy it.

pikebu

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Quote from: Thirio on February 04, 2018, 01:25:15 AM

I'm a little bit concern to the value of bitcoin. Will it decrease if everyone starts using bitcoin, since you know, it would be the standard and nothing would be special to it anymore? Thoughts anyone?

The numbers of bitcoin is just 21.000.000 around the world, it is limited supply of coins, if many people who addopt the bitcoin in their real life as currency, digital asset and payment options, the values of bitcoin will be more expensive than today, because many demand for bitcoin than supply of bitcoin. So if we see about the demand and supply of bitcoin, it will not be losing the values in fiat currencies.

adekpulpen

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of course not, do you judge if many people are in bitcoin, then the income in bitcoin will decrease?
quite the contrary, if everyone uses bitcoin, that's the sign, bitcoin is received by everyone

blinchain

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If everyone uses bitcoin, then the price of bitcoin will surely go up because of a total of only 21 million bitcoins. If demand rises, the price will certainly rise. So the future of bitcoin is full of potential.

magneto

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Quote from: Thirio on February 04, 2018, 01:25:15 AM

I'm a little bit concern to the value of bitcoin. Will it decrease if everyone starts using bitcoin, since you know, it would be the standard and nothing would be special to it anymore? Thoughts anyone?

Nope. It wouldn't make sense if bitcoin became the agreed international trade currency and every single country's citizens are using it for day to day trade, and yet its value decreases as a result. That's just ridiculous.

The supply will stay on schedule, it won't print more bitcoins as a result of the mass adoption.

But essentially when bitcoin does replace fiat as the primary currency, it absorbs all the value of fiat. And we know that fiat's current market cap is much higher than bitcoin's or even all cryptos combined. Therefore, when everyone starts using bitcoin, its value will not go down, will not stay the same, but skyrocket.

mk4

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Why would it lose it's value? If everyone is using bitcoin then it means that everyone had to buy bitcoin one way or another to be able to use it, right?

supply = low(Max Supply: 21,000,000)
demand = high

hence, price will increase.

Thirio

member

Activity: 350

Merit: 47

I'm a little bit concern to the value of bitcoin. Will it decrease if everyone starts using bitcoin, since you know, it would be the standard and nothing would be special to it anymore? Thoughts anyone?

Topic: Will Bitcoin lose its value if everyone's using it? (Read 195 times)