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Title: Who is behind the inflating value of Bitcoin? Post by: akiraminai on December 11, 2017, 04:17:49 AM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?
Title: Re: Who is behind the inflating value of Bitcoin? Post by: SUDARMONO on December 11, 2017, 04:50:30 AM I think it's good, because we do expect the benefits of bitcoin even if it's possible in the long run or in the short term that's what we want.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: leftover_potato on December 11, 2017, 04:52:10 AM inflow of newbies money. ;D
that wanna get into the hype about btc Title: Re: Who is behind the inflating value of Bitcoin? Post by: bitfools on December 11, 2017, 05:03:25 AM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? Well that's easy, it be the 1,000 guys who own majority, and of them most likely WINKEL-VOSS twin siamese sharing common asshole Winkelvoss put up what $10M in 2013, and now are billionaires, thus they have the necessary desire to shoot BTC to moon *** The honest observation is that BTC trading is THIN, that dumping 10's of 1,000's of coin per day is not possible, the new FUTURES CME-BRR-GS will allow covers on the large sale, so that coming soon it will be easy to exit BTC for the whales. Majority of the players on this forum OWN 0.05 BTC, that is average balance of address with funds, note less than 2% of all addresses have been used, and 1% of those have funds; BTC has largely gone up because SHILLS bring in new buyers, which allows whales to slowly exit ( U know they're working together ) But now with future shorting a GUY can sell 1,000 BTC worth $2M ( 10**3 * 20 * 10**3 ), so $20M, cannot right now be sold without collapsing market, but with the futures now the 'whale' can short at $20M, and when he sells the price drops to $10k or less he make a fortune on the short, if the price doesn't drop, he's still fine cuz he got his BTC turned into real zog fiat. I especially think the Winkelvoss Twins want thier $10M back out, then the other money is zero loss, but turning that $1B USD BTC into real cash, in the real world will be VERY difficult, even GS(CME) isn't stupid, that $20M short on CME is going to cost a lot of money and send out a lot of alarm-bells. ... Asians seem to be more interested in day-trading shit-coins, alt's especially token shit. Most of the BIG money in ASIA is already owned by BITMAIN, China having what 80% of BTC mining, certainly they need to CASH that shit out for REAL MONEY. Smart ppl think the waters for shorting will be tested coming two weeks, then price will be held, but once WHALES start dumping, its going to be a blood bath. Title: Re: Who is behind the inflating value of Bitcoin? Post by: bitfools on December 11, 2017, 05:07:05 AM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? The REAL answer to this question is "Where did the money come from that pumped BTC up from $1 to $20k" The answer to that is the $20 Trillion that FED-RES-BANK has dumped into the world since 2007, so the $350 BIllion valuation of BTC is just fiat to infinity that FRB created, e.g. pulled out of its ass and a tiny bit found its way to BTC. Current fear of FED is that once the whales start selling BTC, they will spend, and that will cause hyper-inflation, as it will make the price rise on all goods, to date there has been no sale of this wealth, and little has trickled back to the luxury market. Eventually this money when sold, will trickle to art & gold, ... then food and luxury items will skyrocket MAJOR FEAR FOR FED BANK Title: Re: Who is behind the inflating value of Bitcoin? Post by: bitfools on December 11, 2017, 05:33:30 AM Do u tell your grandmother to buy btc?
Title: Re: Who is behind the inflating value of Bitcoin? Post by: icanscript on December 11, 2017, 06:25:24 AM A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them. :)
Title: Re: Who is behind the inflating value of Bitcoin? Post by: squatz1 on December 11, 2017, 06:34:52 AM Tons and tons of new traders thinking that they're going to be able to get rich off of Bitcoin, I've heard so many of my friends just NOW starting to come around and asking me if they'd be able to buy Bitcoin -- because they think it's going to skyrocket and they want to get in on the 'ground floor' little do these people know, I was crazy when I was talking about Bitcoin at $400 a pop.
Plus the big whales, who are instigating all of the new traders with fake news stories, fake twitter pushers, etc. Title: Re: Who is behind the inflating value of Bitcoin? Post by: lisa255 on December 11, 2017, 06:35:40 AM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? People create a demand for it and many newcomers want to join this stream, here's the price for you. Now many sell others keep at home and eventually it will either stabilize or completely fall, but when it falls, then sales will be even greater.Title: Re: Who is behind the inflating value of Bitcoin? Post by: Herbert2020 on December 11, 2017, 06:37:25 AM you need to first read what "inflation" means and then study more about supply and how that affects it and compare it with demand.
right now like always bitcoin is something that is called "scarce" because there is simply not enough of it. the supply is going to be limited. and meanwhile the adoption for this limited currency is increasing day by day. specially when it hit mainstream adoption. anyone can see how bitcoin is underpriced now. Title: Re: Who is behind the inflating value of Bitcoin? Post by: jseverson on December 11, 2017, 06:37:43 AM No one. People always like sharing their conspiracy theories that there's a group of people who is controlling Bitcoin from the shadows, but they all have one thing in common: they don't have a single shred of concrete evidence. Bitcoin has been growing since its inception so it's just natural for it to reach these heights. It's really how fast it has been going that's been raising eyebrows. However, if you look at it from a percentage stand point, it's not even that much; Ethereum had more growth this year.
Either way, all the holders benefit from the rising value. That's the beauty of it. Title: Re: Who is behind the inflating value of Bitcoin? Post by: alisa20172020 on December 11, 2017, 06:37:50 AM It's clear that newcomers keep the market warm, and some national funds and some big banks may be entering the market. There are also some illegal transactions that need to be paid by bitcoin, and the amount is huge.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: zolfa on December 11, 2017, 06:41:44 AM the good effect is the profits become big, then more big investors join, and the bad influence is the system becomes uncontrolled so it can hamper every transaction
Title: Re: Who is behind the inflating value of Bitcoin? Post by: yusupjatigumilar on December 11, 2017, 06:41:59 AM one of the determinants of bitcoin price movement is our own as market participants, if we continue to sell on the assets we have then the price of the asset will be more and more will decrease in price, and vice versa when we continue to buy then the price will be pushed up from before, the most basic legal laws of supply and demand apply here.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: apumaycry on December 11, 2017, 06:49:24 AM basicly its supply and demand bro you know the bitcoin supply is limited right ? and the demand is very high and dont forget about the value of bitcoin tech like blockchain its new kind technology ;)
Title: Re: Who is behind the inflating value of Bitcoin? Post by: Zero1One0 on December 11, 2017, 07:20:58 AM The more mainstream media coverage bitcoin has, the more people will buy it and convert fiat to bitcoin.
Bitcoin surpassing analyst forecast of 6,000 and reaching ath of 17,000+ shows the increasing demand for it. Title: Re: Who is behind the inflating value of Bitcoin? Post by: Hydrogen on December 11, 2017, 08:46:52 PM @ the african exchange http://golix.com (http://golix.com). Bitcoin is trading as high as $30,000+ per BTC there.
Arbitrage plays between exchanges where bitcoin is trading high, and ones where its trading low, could be playing a role in pushing bitcoins price higher. Selling btc for $30k on golix, moving fiat to another exchange to buy btc for $17k Moving btc to sell for $30k again is a win/win trading strategy. The implications of it could be an uptrend in crypto prices as arb traders are able to sell at increasingly higher prices while still managing to maintain their profit margins. Arbitrage is probably the most neglected cause of the recent increase in btc price. Chinese and south korean exchanges which charge no commission on trades could also play a role. I wouldn't go so far as to say btc is a bubble yet, although we may be witnessing something like a "perfect storm" of variables aligning to produce the price movements we see now. Bitcoin has often peaked at the end of the year during its history. Countries are dropping the dollar as a reserve currency to protect themselves in the event of worst case scenarios. People no longer trust fiat and are seeking alternatives. Bitcoin is outperforming central banks in africa and other nations which puts it in high demand. The number of bitcoin traders is said to double every 12 months. There are many different forces behind the recent price uptrend. Title: Re: Who is behind the inflating value of Bitcoin? Post by: todiefor17 on December 11, 2017, 08:59:30 PM basicly its supply and demand bro you know the bitcoin supply is limited right ? and the demand is very high and dont forget about the value of bitcoin tech like blockchain its new kind technology ;) I think it's not only depend on the supplies and demands. Actually there people who have money to control this world inflation.Title: Re: Who is behind the inflating value of Bitcoin? Post by: megynacuna on December 11, 2017, 09:26:33 PM basicly its supply and demand bro you know the bitcoin supply is limited right ? and the demand is very high and dont forget about the value of bitcoin tech like blockchain its new kind technology ;) I think it's not only depend on the supplies and demands. Actually there people who have money to control this world inflation.And these people do it by increasing the supply of bitcoin on the market or creating a shortage of it. It is that simple demand and supply that regulates inflation on the stock exchange and on several other forex platforms and bitcoin and other cryptocurrencies are no exception. Title: Re: Who is behind the inflating value of Bitcoin? Post by: elloco4ever on December 11, 2017, 09:33:22 PM It's clear that newcomers keep the market warm, and some national funds and some big banks may be entering the market. There are also some illegal transactions that need to be paid by bitcoin, and the amount is huge. You just nailed it as there are huge number of newcomers to bitcoin who keep the price pimping due to the transactions and investments but they are not the main players as there are huge transactions which happens through bitcoin by some illegal traders and corporates it's really hefty. Title: Re: Who is behind the inflating value of Bitcoin? Post by: DeltaX on December 11, 2017, 09:56:15 PM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? Bitcion doens't have any inflation. The total supply was limited. The inflation mean if there will be unlimited supply that will be dumped to thge market. Just like lisk coin. Without the supply limit and there will be a lot of the chance to the lisk market gets very high inflation. All of these pumps caused by the new comers are trying to use the bitcoin. Title: Re: Who is behind the inflating value of Bitcoin? Post by: Lucid717 on December 11, 2017, 10:00:45 PM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? Those "some certain people" are us. The last thing I said, the last time I posted in here, was that this (Bitcoin) is our baby. Not for the old guard and grey hairs, or the boys on Wall St. It's for the young (for the most part), the techies, and to a fairly large degree people that deploy anonymity and either currently or at one time at least used the dark web and TOR. Or at least, that's the demographic that discovered it the soonest when the value was still low. And it sounds like you're implying something along the lines of insider trading. I mentioned that as well. Only again, it's us holding those reigns too. I said that if a bunch of us coordinated ourselves together here and made decisions in numbers, and said: "Buy, Buy, Buy!"... the price would climb steeply. That's all it really is, only we have the benefit of actually being able to get away with something like that and it's just talking... or a recommendation/prediction. Definitely good for us. But... I still have a feeling that eventually something bad will happen and a bunch of people will lose their money. Just a hunch. The cover story will likely be that some super hacker ripped everyone off, who was of course so good he was completely untraceable. But it will be an inside job. I've said before that I think the value will grow to 35K before that happens, and possibly even a good bit more. Also we are probably in for a correction in the near future. 2 signs that almost always preclude a slide are 1) Hitting a new high, and 2) The price growing stagnant after doing so. Now you may be thinking: "Wait, the price isn't stagnant, it just went up over 2K today at one point." Well sure, but it also was already at 17K almost a week ago, dropped down to the high 14K's, climbed back up again, then down again, then back to 17K again, and now as I look I see it going down into the 16's. So for pretty much a week straight it's been teetering between the upper 14K's to the 17K's, back & forth. And this correction could very well make that one we had when we went from 6700 to like 5200 look like a mere speed bump. We are after all dealing with larger numbers and fluctuations now. I mean heck, that was only a 1500 dive. It seemed like a lot then, but now that happens all in a normal days work. Title: Re: Who is behind the inflating value of Bitcoin? Post by: RamonBTC on December 11, 2017, 10:07:21 PM It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: Lucid717 on December 11, 2017, 10:12:49 PM It's clear that newcomers keep the market warm, and some national funds and some big banks may be entering the market. There are also some illegal transactions that need to be paid by bitcoin, and the amount is huge. You just nailed it as there are huge number of newcomers to bitcoin who keep the price pimping due to the transactions and investments but they are not the main players as there are huge transactions which happens through bitcoin by some illegal traders and corporates it's really hefty. Honestly, I don't think there are a large amount of newcomers, and also don't believe that the grey hairs, Wall St. or financial advisor types are still all that convinced, adding it to their portfolios nor recommending it to others. With of course some exceptions. It's people like you and I, investing what we have to invest, and managing to get in & out at the right times and re-invest our profits along with our original capital. We're by far the main driving force. And let's not act like we're completely separate from this crowd that's using BTC on the deep web for "illegal purposes". At least regarding the ones that got in the game early, I'd be willing to bet that's how you discovered cryptocurrency in the first place and Bitcoin in particular. If the shoe doesn't fit then don't wear it, it's hardly a blanket statement so don't take it personally or get bent out of shape over it. But it's likely the case for a good many here. Title: Re: Who is behind the inflating value of Bitcoin? Post by: Pettuh4 on December 11, 2017, 10:23:16 PM It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this. It's primarily due to the demand of it globally by the newcomers and oldies who still want to top up their stock of bitcoins. This is the most dominant of all the factors you listed and nobody can be behind the millions of people around the world in order to influence bitcoin' inflation. Not possible in my books. Title: Re: Who is behind the inflating value of Bitcoin? Post by: Lucid717 on December 11, 2017, 10:33:47 PM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? Those "some certain people" are us. The last thing I said, the last time I posted in here, was that this (Bitcoin) is our baby. Not for the old guard and grey hairs, or the boys on Wall St. It's for the young (for the most part), the techies, and to a fairly large degree people that deploy anonymity and either currently or at one time at least used the dark web and TOR. Or at least, that's the demographic that discovered it the soonest when the value was still low. And it sounds like you're implying something along the lines of insider trading. I mentioned that as well. Only again, it's us holding those reigns too. I said that if a bunch of us coordinated ourselves together here and made decisions in numbers, and said: "Buy, Buy, Buy!"... the price would climb steeply. That's all it really is, only we have the benefit of actually being able to get away with something like that and it's just talking... or a recommendation/prediction. Definitely good for us. But... I still have a feeling that eventually something bad will happen and a bunch of people will lose their money. Just a hunch. The cover story will likely be that some super hacker ripped everyone off, who was of course so good he was completely untraceable. But it will be an inside job. I've said before that I think the value will grow to 35K before that happens, and possibly even a good bit more. Also we are probably in for a correction in the near future. 2 signs that almost always preclude a slide are 1) Hitting a new high, and 2) The price growing stagnant after doing so. Now you may be thinking: "Wait, the price isn't stagnant, it just went up over 2K today at one point." Well sure, but it also was already at 17K almost a week ago, dropped down to the high 14K's, climbed back up again, then down again, then back to 17K again, and now as I look I see it going down into the 16's. So for pretty much a week straight it's been teetering between the upper 14K's to the 17K's, back & forth. And this correction could very well make that one we had when we went from 6700 to like 5200 look like a mere speed bump. We are after all dealing with larger numbers and fluctuations now. I mean heck, that was only a 1500 dive. It seemed like a lot then, but now fluctuations like that happen all in a days work... or, make that several hours work actually. And that is a very good thing indeed. What would have felt like a major slide just a month and a half ago, now you look at and don't even feel the slightest bit alarmed. And, of course, it shall rise again. But after reaching a new high a week has elapsed where the price seems as if it's stuck in quick sand, and in regards to past trends that usually spells a decline. But then again for goodness sakes the friggin price climbed to 10K before this year was even over, which only the most optimistic in here predicted. Most more conservative estimates said it would happen by mid 2018. And then by the time we went to the fridge to grab a beer to celebrate it was sitting at 17K. So, I mean... it's hardly a bad sign or even bad news really. It's just inevitability. Title: Re: Who is behind the inflating value of Bitcoin? Post by: JCLee on December 11, 2017, 10:43:08 PM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? The question is very interesting and certainly a lot of people want to know the answer. I also investigated and monitored exchange rate fluctuations of the BTC and realized that after each press writing negative posts on the Bitcoin, pushed down the price of BTC, behind those articles are the people They were influential in the tech world, and after they bought the BTC at that time, they pushed up BTC prices unknowingly. I think that's why Bitcoin always goes up and down in a certain way. ;D Title: Re: Who is behind the inflating value of Bitcoin? Post by: farhaan on December 11, 2017, 11:54:33 PM The limited supply of bitcoins and the continuous increase in demand makes the bitcoin price higher.Bitcoin is totally free from inflation as its supply could not be increased beyond 21 millions unlike US dollars which are printed infinitely.But the demand for bitcoins is continuously increasing.S0,bitcoin deserves more price than its present price.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: RamonBTC on December 17, 2017, 09:51:29 PM It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this. It's primarily due to the demand of it globally by the newcomers and oldies who still want to top up their stock of bitcoins. This is the most dominant of all the factors you listed and nobody can be behind the millions of people around the world in order to influence bitcoin' inflation. Not possible in my books. Totally agree that inflation means more as good signs than as a bad things in virtual world. Newcomers are filled up the space in cryptocurrency investments that bring not only bitcoin price in new level but in this huge increases in a very short time. This is one telling factor and reason of a better accumulating circumstances that highlighted the inflating value of bitcoin as a result of higher tendency to profit. Title: Re: Who is behind the inflating value of Bitcoin? Post by: yoseph on December 17, 2017, 10:08:38 PM A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them. :) Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.Title: Re: Who is behind the inflating value of Bitcoin? Post by: twobits on December 17, 2017, 10:34:12 PM A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them. :) Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.Always critize the bitcoin because the possibilito to be a threat to the banker. Title: Re: Who is behind the inflating value of Bitcoin? Post by: notthematrix on December 17, 2017, 10:37:26 PM The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people
Title: Re: Who is behind the inflating value of Bitcoin? Post by: djsugar on December 17, 2017, 10:45:17 PM Bitcoin has way too limited supply. At the moment, almost 17 millions are in supply and global population is of 7 billion +. This concludes that, bitcoin isn't a bubble right now but has a potential to be one in Future maybe at trillion dollars marketcap. Thus, the inflating price right now is natural outcome of mainstream adoption. This is healthy and good at the moment. But will become dangerous in future.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: btcrich on December 18, 2017, 12:00:45 AM The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Title: Re: Who is behind the inflating value of Bitcoin? Post by: kier010 on December 18, 2017, 12:09:11 AM the new user of bitcoin because of its popularity and price pumping up they want to ride and get profit too. bitcoin had a low supply so it will pump fast with this high demand.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: kasonhills11 on December 18, 2017, 01:33:44 AM A lot of new money coming in and inflating the price
could be inflated Title: Re: Who is behind the inflating value of Bitcoin? Post by: braveheart on December 18, 2017, 01:38:47 AM A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them. :) Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.Always critize the bitcoin because the possibilito to be a threat to the banker. Very true about being a threat to bankers, but also they cant. Their regulation, that has fended off competition has also become their prison. Title: Re: Who is behind the inflating value of Bitcoin? Post by: notthematrix on December 18, 2017, 01:43:33 AM The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices Title: Re: Who is behind the inflating value of Bitcoin? Post by: braveheart on December 18, 2017, 01:49:01 AM The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices Although they would love to do that< I don't think they can, due to regulation. The futures market might mess things up though. Title: Re: Who is behind the inflating value of Bitcoin? Post by: dmamigo on December 18, 2017, 01:56:53 AM The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices Banks has capital but they won't do this, I believe still banks and governments are unclear and will never jump into it. Bank has many restrictions but Individual Investors is free kind off. Basically the users, investors(both small and large) and the rrcent market movements and actions is leading to its high rise. Title: Re: Who is behind the inflating value of Bitcoin? Post by: congresowoman on December 18, 2017, 02:27:34 AM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad? If bitcoin's price is monopolized by a single person, then that will be a bad way to move money because he can dictate the movement of the currency.In my opinion,the inflation of bitcoin's value is because of the frequently used trades and also the demand for exchanges of that coin. More and more people are using bitcoin making that coin more usable. Title: Re: Who is behind the inflating value of Bitcoin? Post by: entrepmind23 on December 18, 2017, 02:30:18 AM A lot of new money is coming in because of the hype. There are so many new users in various platforms because they wanted to be part of the people who holds bitcoin. Media has been constantly talking about bitcoin resulting to many investors being attracted to invest on it even though they don't even know what bitcoin is all about and for those who are skeptic about it, just trash talk and calling it a scam, bubble, unregulated and terrorist money. They immediately judge without even knowing what it is which is just natural about people.
Bitcoin is new and since it has folded multiple times in this year alone, a lot has been encouraged to invest that's why it went ballistic. However, there are still some people who are still very doubtful about it. They just want to stay in their comfort zone like investing in stocks and mutual funds but then some of them say something bad about bitcoin to encourage others not to invest on it. I just think that they are just bitter not being able to invest early. Title: Re: Who is behind the inflating value of Bitcoin? Post by: 13abyknight on December 18, 2017, 03:27:42 AM I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. There is no particular single entity that is driving this Bitcoin inflation but it looks like a cause of multiple individual entities. Of course there are whales trying to play the bad boys by having a direct influence on the price with very high buy-ins but there's way too much Bitcoin in circulation for them to attain monopoly and this is a major reason why there is variation in price every moment. If ever it is what would you think of the outcome? Is this good for us or bad? Generally, inflation means a great deal for the community as increase in price means only one thing, higher profit. Then again, a forced inflation is an indication of what's about to come, a drop. Terming it good or bad would be a hard choice under these circumstances. Title: Re: Who is behind the inflating value of Bitcoin? Post by: benmartin613 on December 18, 2017, 04:03:02 AM The outcome will still be good for all of us the higher the inflation the higher the value of bitcoin will be, those who hold bitcoin for a long time and has acquired a lot will be much happy to have bitcoins price gets high.
Title: Re: Who is behind the inflating value of Bitcoin? Post by: Enjorlas on December 18, 2017, 04:36:57 AM New money with the hype, people watching TV hearing about bitcoins as the new way to become rich, they jump in because they read about it, this is what makes the market unstable
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