I'm new to the Bitcoin / Cryptocurrency world, and the economics are pretty interesting.. My question is more of a large-scale economics question.
Would using Bitcoins, to purchase goods (not on this forum) or services, increase its perceived value due to wider exposure or level-out/decrease its perceived value by establishing an accepted value of it?
I hope that was clear enough. Just looking for ideas and thoughts.
Definitely Yes! If the acceptance of bitcoin increases, it will surely increase the value of bitcoin because the demand will increase compared to the supply. It will also give a huge promotional boost to the community. The common mass will know about bitcoin and many of them will be interested in actually using the bitcoin. So the higher the acceptance will be, the higher the value will be. No doubt about that!