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.
Simplifying it along the line and law of demand and supply, that's exactly what will happen because by the time I offered to pay using bitcoin outside the forum then the merchant do his research to accept, he then consider to suggests the option to him employee whether they would prefer their take home in bitcoin or not. They in turn then influence their families and the cye continues
Using the chain above, it then means for everyone who came into contact with bitcoin and acted on it then means one more person got in to the crypto to and when that happened it cause price to increase the population increase is on the demand side.