Could the market cap be intentionally raised by a single party?

[Piper67]

BTC doesn't lose it's value if you spend it for something, even if at some later point in the chain it converts back to fiat, because if there's something out there that you can spend BTC on, that BCT will be re-purchased to be used for that purpose. It's a funny little concept called money.

Actually, this is all a "funny little concept" called trading. It's irrelevant whether you spend the bitcoins on fiat currency or goods. You will be flooding the market with BTC, and that will push the value down. It won't be easier to find someone who will trade for the full value in goods than in fiat, so instead of getting less fiat you will get less goods. It would have exactly the same effect as printing fiat and spending them on goods.

Or so it would be, if the system was static and we didn't know about the velocity of money concept.

[Grinder]

Or so it would be, if the system was static and we didn't know about the velocity of money concept.

Fantastic! Then here's how to get infinite wealth. 1. Buy tons of bitcoins, pushing the price and thus the value of the coins up. 2. Trade them for something you can sell for fiat. 3. Sell the goods for fiat. 4. Go to 1.

[Anon136]

it would work perfectly well so long as you were willing to spend years in order to effectively liquidate your position.

[Luno]

It is, you know!

The market has been nursed since 4.50-5 to get confidence back. If nobody had taken over the market, we would have been messing around $7-15 still.

While the concept might seem scary, all markets have this kind of giant operators behind them with vision and cash to catch the tumbling baby and we are greatfull that they are there and willing to take on such an enormous risk. Everybody here has earned some money because of them.

[notme]

It is, you know!

The market has been nursed since 4.50-5 to get confidence back. If nobody had taken over the market, we would have been messing around $7-15 still.

While the concept might seem scary, all markets have this kind of giant operators behind them with vision and cash to catch the tumbling baby and we are greatfull that they are there and willing to take on such an enormous risk. Everybody here has earned some moneypaper profits because of them.

FTFY