Bitcoin Forum

I am surprised by people who pay attention only to the price, think about the supply and demand, are now trying to sell their bitcoins. You need to understand that this is a new technology that changes the world, this makes the world more honest and fair. Do you really like the current banking system, when some simply print money, while others work tirelessly on food and clothing?
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.

I wait for criticism on my thoughts! 8)

Bitcoins supply has been limited to 21 million only according to the  creator of bitcoin in the year 2009. Bitcoin has certain positive features because of that its popularity has increased to considerable level . Bitcoin has acquired the investors confidence so naturally its demand is increasing. According to the simple market theory whenever the supply of a commodity is limiting naturally its demand is increasing  in the market and hence its market price is shooting up..

In this world there must be something more expensive than money. And this is the technology that bitcoin brought to the world. Many want to buy bitcoin cheaper and sell more, but this is not the main goal of bitcoin, it is not its essence. Bitcoin has a duty to change the world and I think he will do it!

The bitcoin price is the reflection of the amount of supply and demand the public is giving.
Bank doesn't just print money simply they want to increase the money. They are studying how public demands money also and how they use it.
Banks are also regulated on how much money they can print they are just not printing how much they like.

based on my research bitcoin has 21m supply only based on the creator of this coin. bitcoin price reflected to the number of demand every time. bitcoin increase because it is already legal to majority of the countries in the world.

Hopefully your thoughts will come true and no one will criticise it. But I think for that to happen we must understands that our government is not prepared for the same yet. Unless and until they dont approve the whole thing then there is no way we can see your thoughts becoming the reality. Is bitcoin is a utility coin? Yes off course it is, but is it being used in that way. No I am pretty sure its not. For that to happen we need proper regulations brother, without that bitcoin is nothing and it will keep locked up in the Virtual Space and no one will come to pick it up and evolve it for the betterment. Believe profit taking with its volatility and cold storage is what people has learned about it and they are not capable of thinking about it in different way. Thats the sad part of it.

The price of bitcoins is solely depended on the demand than the supply. Even if the total supply circulating is only 100 in quantity and people are not demanding it , its price can be 0.00001 USD yet, no one will demand it because of government regulations and interventions. However if the same quantity is 100, and it has the freedom to transact without any external force, then people will be willing to pay even a million USD just for a fraction of it. That is why of late a sensitive news move the price of bitcoins.

Known history for you about when the US and Iran were friends, and Americans bought oil from Iranians?
In the early 1990s, Americans were tired of transporting dollars to them (Iran only admitted cash) and suggested: let's send two US Federal Reserve officers together with a printing press, give a cliche, and you'll print yourself dollars. How much oil was delivered, so much and printed. This scheme worked until the moment when Iran's nuclear program did not interfere with the US.

Bitcoin has come a long way in its incomplete 10 years: even the ban on the use of bitcoin is a recognition of its widescale and popularity. The proposal is limited to the maximum number and keep in mind that a huge part of this sum is lost - according to different estimates of 4-5 million bitcoin on forgotten wallets.

unfortunately we have to accept that this is the market that we have, a "roller coaster". and there is not much we can do to change that. we can only hope that as the market grows this high volatility will be reduced and we end up with a better market where there is less manipulation, less weak hands panic sell, and finally less volatility.

there is a lot of us who understand the potential of bitcoin, the limited supply and the growing demand for it and we are accumulating bitcoin as much a we can afford and also willing to risk. that's what matters most in my opinion.

Sometimes the ban works the other way round! For example, films that are banned for display in cinemas end up watching a very large number of people. It was so recently in Russia, when it was forbidden to show the film "The Death of Stalin". He was forbidden to show in cinemas, but all of Russia looked at him on the Internet). The film would not have looked all on the Internet, but its official ban made a lot of advertising ...

People don't understand that the worth of bitcoin isn't just its monetary value, but also its potential to revolutionize the future. Before the industrial age people used to use oil for making candles and as a lubricant. Now, in the modern age its value has multiplied drastically because people have realized it has massive potential elsewhere (combustion engines). Once bitcoin realizes its true utility, people will start paying more attention to its utility worth, rather than its commercial worth.

Everyone understands that bitcoin is a bright future in the economy. But there are influential people who do not want to change the financial system and are trying to destroy crypto-currencies. Therefore, many panic and sell their coins.

Actually right now market is being manipulated by big names and banks, price is really volatile and it is becoming worse by everyday fud coming out from every country like bans, crackdown and regulation.

When most of the countries will regulate crypto than we might see massive adoption around the globe. Government will force us to pay taxes on our every coin which is just against for what all this crypto was first introduced (financial freedom).

yes, I agree with you, for today, supply and demand will only give us short-term benefits. only will give us little value and will not survive for a long time.

but I think if bitcoin has been accepted by the world then the value of supply and demand will be very valuable. even if bitcoin has become the value of the currency used by the world, then bitcoin will also be stable and will not drop dramatically.

and I think with 21 million bitcoin supply and with bitcoin advanced features, can make the world economy become stable.

Yes it is true bitcoin prices depend on demand and supply in the international market, and I think the current banking system is not only to print money but also to provide convenience to someone in a country in order to save more money and I think bitcoin can indeed change the world economy and bitcoin technology can also provide more than just buying and selling bitcoin but if bitcoin is legal worldwide, as there are still many countries that have not legalized bitcoin, if in some countries the world alone has not legalized bitcoin how bitcoin can change the economy all over the world, and I hope all countries in the world can someday legalize bitcoin.
I think that's what I received.

This has been discussed countless other times; most people nowadays are in it for the money and aren't given a much needed attention in terms of development of the tech more so the usability of the said coin. The ones on board who came because of the boom bitcoin was having think that price = more adoption = improvement, which is plainly wrong. We don't know what is the 'actual' value of bitcoin, however we all know that the insane run towards $19k is simply overvalued because there's not much utility you can rely on bitcoins, only its capability of holding value in a period of time. The development has since became stagnant, and the coin has dwindled down to become the go-to of the speculators and the hopefuls, while the geeky innovators who pushed the project into where it is right now are the ones living in the dark.

this is the important part of it all and those who really understand this are already involved with bitcoin, they don't see a price drop as a bad thing at all, they see it as an opportunity to buy more shares of a limited currency that has a lot of potential and soon they won't be able to afford to buy the same amount...

In truth, initially my attention to bitcoin was caused by a rapid rise in price. First I bought and sold bitkoyn, sometimes I sold it cheaper than bought. But then I learned the bitcoins technology and what it carries in itself. I began to save and multiply my bitkoy ...
I did not sell my bitcoins for 20,000 dollars, and I do not sell for $ 7,000.

As my very good friend says: "everything is ahead, all the other glasses will be clouded from the development of bitkoyna and the entire crypt)))

maybe they do not think for the future or for the next generation, they just think that the current opportunity should not be lost or wasted. by that they only think about the price, supply and demand on bitcoin.
I agree with you. with us fully support the development of bitcoin, it can make bitcoin will last longer and certainly facilitate us with the technology.
hope they are many who are aware of this.

There is no debate about the importance of bitcoin and how the future will be when it comes to trade and economics, this has the potential to change everything but there is one underlying thing for every investor, they need to have a viable investment that could earn them a good profit and that is the basis of all investments.

Yes, current bitcoin prices are low because of the large market fluctuations, the demand for bitcoin is constantly changing. Bitcoin attracts more and more large investors because this is an investment that can earn a good profit and that is the basis of all long-term stable investments.

Large investors will come only when there are clear rules of the game! While the market is wild - this means that you can earn a lot, and you can lose everything!

the bitcoin price is now increasing and the demand is high because most of the big investors are awaited for this and now they are open to come here and the supply some time influence the price and the bitcoin is good for the future. If demand is high the price will be good and if the supply high in the market then the price fall and this is the market forces.

Short term whaleplay has no meaning when it comes to the demand. If the market is relatively calm, and that's the case right now, they can bump up and dump the market back down effortlessly, and that as many times as they feel is necessary. Another thing is that actual big investors join this market through the OTC market, and not through incompetent exchanges. If every player entered the market through exchanges, we would be hovering above $100,000 levels right now.

The demand is already high in the way that it has increased consistently throughout the years. Current demand looks low because people keep looking at how the market was performing during the bull run last year. If you discard what happened last year, and just focus on the current price, then even $6000-$7000 is a great achievement. The sooner people realize that, the more they will appreciate current levels.

We all know that cryptocurrency is the future of the economy, but maybe the problem is those people are not supporting are bit powerful. thats why they are trying to avoid the whole thing. Hope they will understand soon.

Bitcoin prices are very low in the current market. But Bitcoin demand is much more in the world. And many countries have given legitimacy to Bitcoin. Bitcoin's demand is much more in the market. I think Bitcoin prices will increase further.

Market always plays keeping Demand and supply in balance. Demand and price always defines the value of coin. It’s true that Bitcoins backbone technology can offer a lot to the world. So, it’s logical to think Bitcoin will make greater impact in future. Good thought.

Supply and demand is what affects the price of bitcoin the most because if supply surpasses demand then market prices go down which is what we are experiencing right now with this bear market.

People need to know how to arrange bitcoin in order not to sell their bitcoins at low prices. Now is a good time to buy bitcoin, but many sell it. These are the people who came to the world of crypts in order to buy cheaper and sell more expensive. They do not understand the value of bitcoin.

The supply and demands really affects the economy of scale of an business. Through changes in demand of the public,  the market value of bitcoin is also changes.
I think the bitcoin should provide a excellent services or make another way to earn the demand of the public.

I think banking system rules the world and Bitcoin can’t break it. But without any doubts BTC price will go up and more and more people will connect to the network. In future we can see how Bitcoin become global payment system for e-commerce, but it won’t replace fiat or be so popular.

I don't see why you should be criticized! You say the truth, but you forget that people want to first earn for themselves, and then think about new technologies)

I think you are overreaching when you rate this technology because nothing is perfect. even this blockchain system has high volatility due to high supply and demand in the market, bitcoin character is anonymous, so it has no identity and also its value can not be controlled. even the security of bitcoin can be hacked.

but you are right that bitcoin has many advantages over fiat payments.

correct. if you think about the supply of bitcoin, it is only 21mil mate.
you are wasting your coin if you just sell it for now. bitcoin value gonna be increased more.
big demands and limited supply = worth coin.

Now many people come to the Bird and behave like traders, start to be clever, to begin to determine how you went long for an average or short position! and even in general, even those who are professionals of the deletariat, the market is raw all the graphics and constructions do not work! everyone is waiting for the news of another clever political man!

The price is depending on the demand or maybe the volume of the investors that invest in the market place. Sometimes the price might become affected during the bitcoin will experience or facing some bad issue behind the line, bitcoin is amazing. It can give us a huge amount of profit because of its amazing price.

It is the use of bitcoin and other cryptocurrencies that determines the price it will command in the economy. Bitcoin is about demand and supply.

Many people interested in crypto becauae it can generate profit, not because of the potential to change the payment system, and the development of the bitcoin still not until.that phase yet, bitcoin still unable to buy a lot of things, maybe when the government already give a clear announcement, then more sectors will adopted btc and then we can see the real potential

it can't be helped, peoples want to make incomes from bitcoin price. They buy at low, and sell at high.
You are right about it, existing banking system could be replaced in the future by bitcoin and cryptocurrency.
cryptocurrency and blockchain will used globally in the future i believe.

People involved with bitcoin investment usually do their monitoring on the price first where they wanted to know the actual situation of the current value either be uptrend or downtrend. People with simple knowledge about bitcoin don't really check about supply and demand however, their concern is just to check if bitcoin is progressing or not and if they feel the increase can make a profit, then they will have to sell it.

This people are part of the bitcoin ecosystem because they heavily invested on it and making a huge return every single day, they are traders because as of the moment only small percentage of bitcoin users actually using it for peer to peer payments which is the ultimate purpose in the creation of bitcoin most of the bitcoin users are taking advantage of it by means of trading and make a living thats simple.

Exactly! Bitcoin is much broader than just earning from speculation activities.  Even though Bitcoin is there for 8+ years, I believe that it is still in the early phase of development and hence it will take much time from now to evolve into a fine innovation. Sadly, most of us are just concerned about speculation and that won't take us anywhere, in my opinion, we should focus on using it as a payment system in the first place. It's time to realize that Bitcoin is valuable today just because early adopters decided to spend it and they never focused on holding.

Bitcoin prices are now increasing gradually. Its price depends entirely on its demand. Bitcoin prices were down a few days ago but now its price is rising. Bitcoin supply and increase. Bitcoin has already reached 21 million. This will increase further in the future. As a result, I think its future market will be very high. Bitcoin is becoming popular nowadays, so its demand is also increasing.

I share the same thoughts with you. People always look at the price without taking into cognisance demand and supply factors. The increase or decrease in price of bitcoin largely depends on the forces of demand and supply at every point in time. One may argue that bitcoin has already reach its maximum supply; but the emphasize here is the time periods

21 million bitcoin supply of bitcoin limit according to creator, but really believe the new technology continue to update and upgrade the computer science expert continue to study and learn the improvement of the new system.

bitcoin is decentralized virtual crypto currency nothing doubt the limit of 21 million bitcoin supply not possible to increase in the future.
so the demands in the market continue to grow and people positively continue to invest in bitcoin.

Many traders of bitcoin do that. they are always look for the price so they can trading and gaining.
blockchain technology indeed very great, but not everyone know about this. If they knew the potential of cryptocurrency,
they would holding instead trading.