Re: What should we focus on more? Demand or Supply?

Quote from: spongegar on September 04, 2018, 06:23:18 AM

Quote from: Kakmakr on August 30, 2018, 07:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

It is true that in the case of crypto currency, demand should be increased by accepting more and more platforms for bitcoin or any other crypto currency to be more and more useful and increase awareness. Simply put, if more and more people know of crypto currency, the more people will buy it.

In cases where there is a mass adoption, it is sure demand will always increase more than supply and since a lot of holders will prefer that anyway, it makes it more of a focus for a lot but in the real sense, demand and supply are equally important as that in a way brings about a balance eventually in the market.
The good thing though about most cryptocurrencies have a limited supply which brings about the deflationary nature, and in that case, there will always is more when it comes to demand eventually.