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.
I think it depends on what the merchants would do with your bitcoins, and whether you would replace your spent bitcoin or not.
Bitcoin is limited, so it's price increases as demand increases, so the more people buy and less bitcoins are available, it's price will increase.
If you buy things with it, nothing should happen to the price, since they are just circulating. But let's say you buy, and the merchants exchange them to fiat, and neither you or the merchant would get more BTC. Then it was actually a sell of bitcoin so the price decreases (at least if this continues, because then it would look that everyone was selling and no one was buying).
But id you buy stuff, the merchant holds them or uses them to buy stuff as well, and more and more merchants offer the option of buying things with BTC, then more people that don't have BTC right now, will get them, in order to trade them for goods as well etc. In this case the price will increase of course.