Bitcoin Forum
February 20, 2020, 08:28:40 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens when the Bitcoin  prices are too high and more Miners come online?
$20.00 - 0 (0%)
$50.00 - 1 (33.3%)
$75.00 - 0 (0%)
$100.00 - 0 (0%)
Will never happen! - 2 (66.7%)
Im getting out Now! - 0 (0%)
Total Voters: 3

Pages: [1]
  Print  
Author Topic: What happens when the Bitcoin prices are too high and more Miners come online?  (Read 1109 times)
bitcoinconnection
Member
**
Offline Offline

Activity: 90
Merit: 10


View Profile
June 05, 2011, 03:57:05 PM
 #1

What happens when the Bitcoin  prices are too high and more Miners come online?
Why I ask this?
Demand Destruction happens when the price for a stocks, commodities, Homes etc. becomes so high that
the average person cannot afford it. BTC "$17.00, $30.00, $50.00 $100.00".
 Bitcoin Miners are always coming online and adding BTC to the market causing a gult.
At what price will a flood of sell order go in trapping traders and their stockpile of Bitcoin?
Latest Bitcoin news at http://www.bitcoinconnection.com
KT
repost to Marketplace
100% First Deposit Bonus Instant Withdrawals Best Odds 10+ Sports Since 2014 No KYC Asked Play Now
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582187320
Hero Member
*
Offline Offline

Posts: 1582187320

View Profile Personal Message (Offline)

Ignore
1582187320
Reply with quote  #2

1582187320
Report to moderator
1582187320
Hero Member
*
Offline Offline

Posts: 1582187320

View Profile Personal Message (Offline)

Ignore
1582187320
Reply with quote  #2

1582187320
Report to moderator
1582187320
Hero Member
*
Offline Offline

Posts: 1582187320

View Profile Personal Message (Offline)

Ignore
1582187320
Reply with quote  #2

1582187320
Report to moderator
Sukrim
Legendary
*
Offline Offline

Activity: 2534
Merit: 1002


View Profile
June 05, 2011, 04:11:38 PM
 #2

Instead of spamming forums with advertisement, you could start on reading about difficulty adjustments... Roll Eyes

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
bitcoinconnection
Member
**
Offline Offline

Activity: 90
Merit: 10


View Profile
June 05, 2011, 04:14:33 PM
Last edit: June 05, 2011, 05:11:00 PM by bitcoinconnection
 #3

Spamming would be not to post an opinion, but to give my bitcoin address for donation
Thanks
KT
Ian Maxwell
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile WWW
June 05, 2011, 04:51:12 PM
 #4

If you can't afford a bitcoin for $100, you can still afford 0.01 bitcoins for $1.

Ian Maxwell
PGP key | WoT rating
IIOII
Legendary
*
Offline Offline

Activity: 1156
Merit: 1012



View Profile
June 05, 2011, 06:01:28 PM
 #5

If you can't afford a bitcoin for $100, you can still afford 0.01 bitcoins for $1.

Yes the exchanges could also simply simulate a price split by making - for example MilliBTC - the standard unit.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!