|
Title: Is there a specific quantity of demand required to forece the price parabolic up Post by: CtrlAltBernanke420 on May 30, 2014, 10:15:11 PM Is there a specific amount bitcoins that is available for supply on the market.
Is there a way to if even only temporarily, suck the market completely dry of coins, causing insane price action? Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: Meuh6879 on May 30, 2014, 10:17:05 PM 1) Yes : 25 BTC every 10 minutes
2) Yes : all the time when price goes up ... ;D Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: zimmah on May 30, 2014, 10:37:24 PM 1) Yes : 25 BTC every 10 minutes 2) Yes : all the time when price goes up ... ;D 1) that is assuming all the miners actually sell all their bitcoins. 2) yes, since there's only a very limited amount of coins, and only a tiny fraction of those coins is on the market. You'd need a relatively small amount of money to buy them all up (a couple of million would be enough, maybe a billion) Now, i'm not a millionaire or anything, but a million or even a billion is not all that much money anymore. Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: BittBurger on May 30, 2014, 10:38:54 PM 1) Yes : 25 BTC every 10 minutes 1) that is assuming all the miners actually sell all their bitcoins. Exactly. They must mine and immediately cash out, putting those coins into circulation, and causing available quantity of coins to increase. The real question is, how many of the 25 coins mined every 10 minutes go up for sale? -B- Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: Mrrr on May 30, 2014, 10:43:06 PM If miners believe the price to rise in the future they will hodl rather than sell. This will cause a decrease in supply that will push up the price. This could be an explanation for price spikes but I'm no economist.
Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: Ron~Popeil on May 30, 2014, 11:10:52 PM Mining and selling seems to defeat the purpose. With difficulty and electricity costs mining and holding seems like the best option.
Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: CtrlAltBernanke420 on May 30, 2014, 11:32:37 PM Aaaand the free market saaaays: yes no.
Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: RUEHL on May 30, 2014, 11:46:11 PM Supply is so low right now compared to demand, not that much is needed to make it go parabolic.
Those "whales" that move markets today are going to seem tiny once Wall Street and the Hedge Funds come knocking. Title: Re: Is there a specific quantity of demand required to forece the price parabolic up Post by: CtrlAltBernanke420 on May 31, 2014, 03:18:14 AM Supply is so low right now compared to demand, not that much is needed to make it go parabolic. Those "whales" that move markets today are going to seem tiny once Wall Street and the Hedge Funds come knocking. Even if you are a whale street whale, why would you put more than a few million or even a few hundred million. What would the purpose beyond that be? It would still only be a fraction of how your house of card wealth is assembled. If buffet is true to face value and thinks bitcoin is rat poison and winds up wrong will go down in history as one of the most fabulous follys. I suspect he own a good fortune of bitcoin already. If he is true is his face value, much of his industry will fall apart as the entire paradigm shifts. Producers will conduct business directly with consumers within a handful of years, it will be a complete game changer. My point it is the entire system needs to us, and accept and keep their bitcoin, and with the deflationary aspect until it reach maximum Basically anyone with a few bucks to lose has invested their 1%=5-10billion The rest is too broke to pull bitcoin into their lives even though they would end up saving tons over a few years and even godly amounts more over a decade or 2. |