Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
I dont think BTC is getting popular in terms of daily payments, its still far away from daily payments because of reasons like scalability, fee, price volatility etc. If BTC made it to daily payments then price will surly shoot up since the demand will go up but we have a controlled inflation i.e. there are limited no of bitcoins.
Do you think Bitcoin will be devalued in the future?
Due to price vlatility BTC has gone down and up in value numerous times. We cant predict how BTC will behave in next hour how can we predict the future.