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.
Using bitcoin will increase its value. The Law of supply and demand will always be followed. If more people chase and use bitcoin, it means the demand is high. If the demand is high, the price will rise too. Now if tooamu people will dump their bitcoins, that's the time bitcoin's price will go low. So,let's encourage everyone to use bitcoin!