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Title: What happens when the Bitcoin prices are too high and more Miners come online? Post by: bitcoinconnection on June 05, 2011, 03:57:05 PM What happens when the Bitcoin prices are too high and more Miners come online?
Why I ask this? Demand Destruction happens when the price for a stocks, commodities, Homes etc. becomes so high that the average person cannot afford it. BTC "$17.00, $30.00, $50.00 $100.00". Bitcoin Miners are always coming online and adding BTC to the market causing a gult. At what price will a flood of sell order go in trapping traders and their stockpile of Bitcoin? Latest Bitcoin news at http://www.bitcoinconnection.com KT repost to Marketplace Title: Re: What happens when the Bitcoin prices are too high and more Miners come online? Post by: Sukrim on June 05, 2011, 04:11:38 PM Instead of spamming forums with advertisement, you could start on reading about difficulty adjustments... ::)
Title: Re: What happens when the Bitcoin prices are too high and more Miners come online? Post by: bitcoinconnection on June 05, 2011, 04:14:33 PM Spamming would be not to post an opinion, but to give my bitcoin address for donation
Thanks KT Title: Re: What happens when the Bitcoin prices are too high and more Miners come online? Post by: Ian Maxwell on June 05, 2011, 04:51:12 PM If you can't afford a bitcoin for $100, you can still afford 0.01 bitcoins for $1.
Title: Re: What happens when the Bitcoin prices are too high and more Miners come online? Post by: IIOII on June 05, 2011, 06:01:28 PM If you can't afford a bitcoin for $100, you can still afford 0.01 bitcoins for $1. Yes the exchanges could also simply simulate a price split by making - for example MilliBTC - the standard unit. |