Yeah, that's true but it cant stay that way for ever. In the beginning of mass adoption we may see that but once its taken hold there will be no stopping this rocket to the moon we call Bitcoin.
Do you think? I look at it in the sense that if it becomes widely adopted then it's demand would obviously sky rocket and naturally the exchange price would rise. I would be quite surprised if it's popularity increased and its current value remained the same.
That's nothing more than wishful thinking and wild speculation.
i don't think so, for example if big business companies enter in play they need to move an enormous amount of money, in the range of billion, and with the current tiny market cap, they will end in controlling the total supply, thus making everyone else(especially small business) deprived of the opportunity to use bitcoin
this is the primarily reason, why the price matter, and why can't stay at this level, when the fully adoption will kick in
Amph, you make a good argument though. Moving billions of dollars worth of bitcoins would require a more valuable bitcoin to support it, but keep in mind that entities moving those amounts of value in dollars
don't actually move dollars. They use things like treasury bills and plain old IOUs. Large movements of value denominated in bitcoins would probably be similar.
Other reasons why increased adoption does not necessarily mean increased price:
- Fractional-reserve banking. If you believe that Bitcoin is immune to fractional-reserve banking, you are being naive.
- Bitcoins, and other crypto-currencies and crypto-assets are much more efficient to transfer. For the same amount of economic activity, many fewer bitcoins are needed. The demand as a result of increased adoption would not be as high as you think. Especially with the huge overhang of hoarding that we have now.