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Title: How to increase Bitcoin's price. Post by: airpline1 on October 04, 2014, 05:32:41 PM This is what I think, it may be wrong. If I am, please correct me in the comments.
Bitcoin's price has been crashing drastically these days, it went from 400 to almost 300 in a month, Bids are getting lower, and lower, which may cause bitcoin to crash, traders are always looking for a cheap BTC/USD price to get their hands on, which probably is making the bitcoin price fall. If these traders were to sell at high bids, and buy at high bids, there may be a sign of change and bitcoin will increase once again. And for bitcoin price dropping, look onto the bright side, people will start leaving, difficulty will drop, and it's all 2011 again :D. Title: Re: How to increase Bitcoin's price. Post by: jaberwock on October 04, 2014, 05:34:48 PM You basically saying that in order to price goes up, the price needs to goes up.
Also there are people that will sell regardless of the price, so it can't just happen, since people are using Bitcoin, not only speculating about it Title: Re: How to increase Bitcoin's price. Post by: mmitech on October 04, 2014, 05:35:19 PM price is defined by supply and demand, let me Google that for you (http://lmgtfy.com/?q=price+defined+by+supply+and+demand+)
Title: Re: How to increase Bitcoin's price. Post by: airpline1 on October 04, 2014, 05:41:06 PM price is defined supply and demand, let me Google that for you (http://lmgtfy.com/?q=price+defined+by+supply+and+demand+) That's what I was thinking the whole time. But I didn't include it in the topic, fuck me. |