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Title: [2015-12-23] Lower Supply Seen Pushing Bitcoin Price up Post by: a7mos on December 23, 2015, 10:23:26 PM Lower Supply Seen Pushing Bitcoin Price up
The halving of the reward for bitcoin mining next year will dampen supply, contributing to a possible doubling in the price of the cryptocurrency http://ww2.cfo.com/technology/2015/12/lower-supply-seen-pushing-bitcoin-price/ Title: Re: [2015-12-23] Lower Supply Seen Pushing Bitcoin Price up Post by: odolvlobo on December 24, 2015, 05:50:40 AM Yet another article about how the halving reduces the supply and causes the price to rise. It is sad to see that misconception being repeated everywhere.
Title: Re: [2015-12-23] Lower Supply Seen Pushing Bitcoin Price up Post by: aso118 on December 24, 2015, 06:41:45 AM Yet another article about how the halving reduces the supply and causes the price to rise. It is sad to see that misconception being repeated everywhere. This article seems to acknowledge that the logic is flawed, and they have a reason to cover that - efficient market hypothesis does not apply to the bitcoin market. :) “The bitcoin market is still in its infancy, and I don’t think that factor is discounted into the price fully,” he said. Title: Re: [2015-12-23] Lower Supply Seen Pushing Bitcoin Price up Post by: odolvlobo on December 24, 2015, 06:45:53 AM Yet another article about how the halving reduces the supply and causes the price to rise. It is sad to see that misconception being repeated everywhere. This article seems to acknowledge that the logic is flawed, and they have a reason to cover that - efficient market hypothesis does not apply to the bitcoin market. :) “The bitcoin market is still in its infancy, and I don’t think that factor is discounted into the price fully,” he said. The flaw is in the premise. The halving does not cause a decrease in the supply. Title: Re: [2015-12-23] Lower Supply Seen Pushing Bitcoin Price up Post by: aso118 on December 24, 2015, 06:54:18 AM Yet another article about how the halving reduces the supply and causes the price to rise. It is sad to see that misconception being repeated everywhere. This article seems to acknowledge that the logic is flawed, and they have a reason to cover that - efficient market hypothesis does not apply to the bitcoin market. :) “The bitcoin market is still in its infancy, and I don’t think that factor is discounted into the price fully,” he said. The flaw is in the premise. The halving does not cause a decrease in the supply. Well, I wouldn't crucify for them. They could have said lower supply of new bitcoins. |