Kakmakr
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January 09, 2018, 05:33:03 AM |
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Bitcoin's value is linked to scarcity and supply & demand. The rarer the commodity, the higher the value of that commodity. In theory the price will then go up as the scarcity increase, depending on the demand. The demand must also increase for the price to increase.
Compare it to Gold, to make it easier to understand, The more demand there is for Gold, the higher the price will be. We already know there are also a scarcity of Gold. ^smile^
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