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.
It would increase its value because more people would be aware of its existence. The more people use it, there would be a higher demand thus a higher price due to its nature of being limited in supply. The difference of it in other things that when the volume increases, it would stabilize in value is that this things have unlimited supply thus an increase in demand is also an increase in supply and if you compare it with bitcoin with a limited supply then people would be willing to pay a higher price than someone else so in effect the agreed price of the buyer and seller would increase.