Abstract-Low-resolution digital-to-analog converters (DACs) and analog-to-digital converters (ADCs) are considered to reduce cost and power consumption in multiuser massive multipleinput multiple-output (MIMO). Using the Bussgang theorem, we derive the asymptotic downlink achievable rate w.r.t the resolutions of both DACs and ADCs, i.e., bDA and bAD, under the assumption of large antenna number, N , and fixed user load ratio, β. We characterize the rate loss caused by finite-bitresolution converters and reveal that the quantization distortion is ignorable at low signal-to-noise ratio (SNR) even with lowresolution converters at both sides. While for maintaining the same rate loss at high SNR, it is discovered that one-more-bit DAC resolution is needed when more users are scheduled with β increased by four times. More specifically for one-bit rate loss requirement, bDA can be set by bAD + 1 2 log β given bAD. Similar observations on ADCs are also obtained with numerical verifications.