Evanston45 (OP)
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July 29, 2021, 02:06:39 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.
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Bttzed03
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July 29, 2021, 03:05:42 AM |
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If you place a value on BTC based on fiat like USD, it should be clear that the only reason the price is rising (in USD) is because more people are buying it in USD. So yeah, the more BTC is viewed as a profitable investment by the masses, the more it pumps.
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cabron
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July 29, 2021, 03:14:04 AM |
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No, it doesn't need more cash flowing, it just needs people to hold and buyers to increase their bid price. You can see that even if the marketcap of BTC goes below 1Trillion, it could still have a high price of up to $50K as long as sellers are going to demand higher prices. The sellers consist of people like us and the miners who will need to sell high prices for electricity bills to pay and devices that need maintenance.
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wajik-tempe
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July 29, 2021, 03:16:55 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.
If we refer to economic theory the price should be increased because the supply of bitcoin is limited, and the demand is always increasing every year because the blockchain system is massly adopt by many comapny and country in the world. So i will just confidently invest some of my income to bitcoin or other altcoin because i'm sure if i hold it for a long time, i will get decent profits.
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cryptoaddictchie
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July 29, 2021, 03:30:29 AM |
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No, it doesn't need more cash flowing, it just needs people to hold and buyers to increase their bid price. You can see that even if the marketcap of BTC goes below 1Trillion, it could still have a high price of up to $50K as long as sellers are going to demand higher prices. The sellers consist of people like us and the miners who will need to sell high prices for electricity bills to pay and devices that need maintenance.
Thats a good point. But still money is indeed needed in order to sustain a high price, its an never ending cycle since some will sell their btc shares on a high price and wait for others to dump it before they enter again. New players are having the burden of pumping it as news about it tend to get hype when the price started to move. Miners are probably often sell their mined btc for the consumption so its still a good one that others can enter when the price dumped as such.
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andriarto
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July 29, 2021, 04:03:09 AM |
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if the logic is yes. to raise the price means having to buy more even though the supply will be higher. and that is what can shape the price to be higher, so that the fiat money used to buy what is needed will also be greater. and when we buy at a higher price, after that we hope the price will rise so that it provides a higher selling price in order to make a profit
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ethereumhunter
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July 29, 2021, 05:02:05 AM |
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We never know when bitcoin will reach all time highs because that can happen anytime. It will require more fiat to buying bitcoin, especially if the bitcoin price is at $40k or $60 but you do not have to buy 1 bitcoin directly because you can use $1,000 to buy bitcoin. Once again, people do not have to buy 1 bitcoin, especially if the bitcoin price is already hit a high peak.
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isaac_clarke22
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July 29, 2021, 06:04:40 AM |
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~
Well by that explanation, it could be but there is this whales trap sometimes where they dump their coins and the price gets lower making weak hodlers sell their coins and they will buy all the sold coins so that they can hodl more in the future without risking all their "big returns".
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TheUltraElite
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July 29, 2021, 06:44:41 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. If the supply reduces and the demand remains same or increasing, the cost of bitcoin to buy using a stable fiat currency will increase. That is the deflationary system. Now, what others have said, miners will be selling to cover their ROI which is normal so the price will not be going straight up and there will be institutional investors who buy/sell everyday to manage portfolios. Added on top negative news outweigh the positive news most of the time driving the price downward. Even then, the long term effect is that the price will keep on rising and you have to get in before that unreachable prices get reached.
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MarjorieZimmermanGinger
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July 29, 2021, 07:08:36 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.
BTC is the best coin for now, in future analysis BTC will be the most expensive and longest coin in crypto history. The simple reason is that this coin has a good bargaining value and is stronger in the market, it is difficult to weaken this coin for now. But the weakness of BTC now is that the purchase price is expensive and difficult for people to invest, if the person who invests is not able to provide large capital, but for the upper class BTC is the best choice in the future. And make sure we are people who are able to invest in BTC both now and in the future, because many people analyze this BTC is the best coin in the next 2 or 3 years, if we can't take advantage of this opportunity, then we are not in the right position for the future.
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crazy_cat_lady
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July 29, 2021, 07:25:23 AM |
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Even with mass adoption, it would require people to put it a ton of money to raise the price.
Not necessarily. It will take the same amount of fresh capital to raise the price from $ 50k to $ 60k as from $ 100k to $ 105k. Therefore, we may not have such large price fluctuations in the future and the value of Bitcoin will become less volatile. That doesn't mean we'll need more and more fiat for the new ATHs but the potential return on investment will certainly decrease. Who knows, maybe one day we'll equate cryptocurrency returns with some other investment assets, like stocks or gold?
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Chuky92
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July 29, 2021, 07:26:33 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.
I clearly understand where you are coming from, and funny enough the price will keep increasing. Years ago it wasn't worth what it is worth today, and many people might have asked this questions you are asking now, question of it will become more costly, and few years from now, many will still question its high price, to me it shows that, irrespective of what most people might think of Bitcoin, Bitcoin has come to stay and will only keep getting more valuable. Also, the simple reason why Bitcoin price will keep growing is not a matter of fiat, but a matter of more people holding and not selling, which drives a bit of scarcity thus leading to more buying, and price also drops when more people are selling. Lastly, about All Time High, we can't really fathom when it will happen again, but if more confidence returns to the market which will see more people buying, then another All Time High will be realized.
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Jackl87
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July 29, 2021, 07:27:59 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.
It helps to look at the market cap of Bitcoin in addition to just the current price. The total market cap of BTC is at 751 Billion $ at the moment. So it's a pretty simple calculation that the market cap needs to be at 7.51 Trillion $ for 1 BTC to cost 400k $. That calculation is not completely correct though because the supply, which means the total number of Bitcoins that is available on the market also keeps increasing because a new block is being mined every 9 to 10 minutes. So yes you are correct that the higher the price already is for 1 BTC the more new money is necessary to flow into the market and into BTC to make it do another x2 or x10 or whatever.
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JeffBrad12
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July 29, 2021, 07:46:13 AM |
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Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.
The price of bitcoin coins was pegged with fiat but the price of altcoins was following bitcoin. When the price of bitcoin goes increase and then you will need more fiat to buy more bitcoin. It will need more and more fiat money to pump the price of bitcoin. If the price of bitcoin will reach 200k and then there will be a very small supply in the market as people intend to hold their bitcoin instead of trading it to the market. The law of demand and supply applied in this case.
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decodx
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July 31, 2021, 07:59:39 AM |
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The value of bitcoin has nothing to do with how long it will take for a new ATH. In the end, it all comes down to supply and demand. If demand continues to exist, we can have new ATHs every day (as long as supply decreases). Bitcoin's value can impact volatility, though. I believe that bitcoin's price will eventually stabilize, and the market will become more like the gold market. Although, I am not sure whether or not I’ll live long enough to experience that.
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maxreish
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July 31, 2021, 09:43:26 AM |
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The rise of the price depends on the demand and supply of bitcoin itself. Not because of the increase of fiat demand or fiat consume. And we cant even predict when will it really reach the NEW ATH as we know bitcoin's price today almost half from the latest ATH. And that was also unexpected because it went up suddenly by that time. Companies, investors, whales can actually make the price of bitcoin goes up.
It's simple , the more people buy bitcoin. The demand increased same goes with the price.
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Ararbermas
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July 31, 2021, 01:46:08 PM |
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Perhaps it's most important @op, because how it will increase if there's no money flowing it? And yes of course the amount of holder as well is required to make a constant increase of prices for every crypto currency in the market especially bitcoin.. As you can see when there's an adoption usually there's an impact to the growth rate so to make the story short demand and supply is the main reason why crypto currency prices is volatile and suddenly changed.
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bitcon
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August 01, 2021, 08:54:42 PM |
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Prices grow when there are more people who want to buy than those who want to sell. So, actually, BTC doesn't need a bigger market cap. If there are a lot of people who want to buy and few people who sell, we always see how the BTC is growing. Altcoins can increase by 100 times easily, but it is not so easy for BTC as there are a lot of people who have it right now, so demand is about the same level. On the other hand, the demand for altcoin can increase by 100 times and that is why there is huge growth.
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