bitcoin scarcity

[odolvlobo]

It isn't just the supply that gives something a value, it is the demand as well.
Supply doesn't really affect Bitcoin's price that much as it is always accounted for, because it is predictable without a doubt.
It is the demand that affects it's price the most. The demand decreased for whatever reason (some sort of panic selling probably) and therefor the price fell.

correct.
the supply has been a known factor since day 1. it has not changed, everyone knew and knows the supply. but the demand is the variable.
demand affects price more than supply.

You are confusing market supply and money supply. Both use the word "supply", but they have very different meanings. The money supply is a number. It is the number of bitcoins in existence. The market supply is a curve. It shows the price necessary to motivate people to sell any particular number of coins. Market supply is what is referred to by the term "supply and demand".

Of course the two are related, as the money supply affects the market supply. But, it also affects demand, which is why your argument is weak.

To strengthen your argument you would have to show that the demand curve is steeper (less elastic) than the supply curve, so that a shift in the demand curve would affect the price more than a shift in the supply curve.

80 percent bitcoin has been mined and in circulation so bitcoin is in abduant circulation there is no scarcity

"Scarcity" is a term in economics that generally means "finite" or "limited". It does not mean rare or hard to find. Gold, oil, and bitcoins are all scarce because the amounts are limited. Air, water, and food are not scarce because there is an unlimited amount. Air and water are recycled and food is grown.

[Lorence.xD]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

Bitcoin has a large amount of it and even though we think that it is low, it does not in scarcity. It's just there are several reasons beside of that. We can associate the countries that are banning their territories to the influence of bitcoin. Another one is the market cap it made. We can manage them through the use of several sites that tell us the price of any cryptocurrencies. If we are looking for a high price, then we deserve to wait for a long period of time just like last year.

[Washball]

There is no scarcity on bitcoins at the moment. That's why the price dropped, many people have sold because of the panic last week's FUD generated. This week the price increased a little, but there's no real rise or fall. The market  is a little hesitant, it's not a matter of bitcoin being scarce.

[just a man]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

Bitcoin has a large amount of it and even though we think that it is low, it does not in scarcity. It's just there are several reasons beside of that. We can associate the countries that are banning their territories to the influence of bitcoin. Another one is the market cap it made. We can manage them through the use of several sites that tell us the price of any cryptocurrencies. If we are looking for a high price, then we deserve to wait for a long period of time just like last year.

You would have to wait a long time for the coins to get scarce. If the coins don't have any value when they get scarce then you would have more problems.

[cryptovally01]

It is secure and main security depends on you.you should not share your password to other ....and better security you can use online wallet ..

[StochasticOrder]

The artificial scarcity of Bitcoin and the "money sink" from people losing hardware etc are some good attributes that will continue to give Bitcoin value. However, I am worried about the potential abuse of paper trading by institutions in order to bypass the artificial scarcity of Bitcoin and manipulate it's price. We have already seen them do this for decades in the gold and silver markets. I don't think it's a coincidence that the price plunged right after the futures contracts and paper trading methods were starting to be brought online.

[skorupi17]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

Bitcoin's price is driven by the community - the supply and demand. The scarcity of Bitcoin contributes to the price changes. Having a finite number of Bitcoin makes the "demand" as the driving force in order to lift the price up or push the price down. The price is down because there is less demand, many are selling instead of buying. We do not have to wait for additional supply in circulation, we need demand.

[ALI AKBAR]

I think Bitcoin is not possible. Because of the current technology can be accessed by everyone continuously through It is investing capital in different sectors and it is gradually taking a bigger shape. modern technology. So it is possible that even though Bitcoin is weak, it is not possible.

[Deolito]

The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules ...

[arthur25]

Down and up scenario of bitcoin is very unpredictable for it was not stable and will never be stable. That is how btc move in this cycles of cryptocurrency world of new and risky place and time. Normally bitcoin will subdue when time comes due to the fact that it is limited to supply the unlimited wants and desires of the people around the world.

[reality18]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

The "scarcity" of Bitcoin tells its limit in number. Just as real Gold, the limited number of Bitcoin in circulation creates a value for Bitcoin thus making a difference in other resources like air, food, which are renewable.
The price of Bitcoin depends much on the market demand, the exchange on which it is traded on and sometimes competition with other cryptocurrencies.

[GeorgiyBilyk]

those fluctuations that are now happening is a normal phenomenon! correction is needed, and remember there is no eternal growth! now very serious players have ousted hamsters from the market! I'm sure that the bitcoin will begin to grow now! the more the entire crypto world is tied to bitcoins!

[samiul12]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

Bitcoin is risky investment way. But if you want to secure it we also remove the risk. If we should take a better step we could goober its risk.

[boboking]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

It is hard to understand the question, I think you are asking why the price is not rising even though the current bitcoin in circulation is 3.5 million?

Volatility in the crypto market it is happening since it was opened to the public.

You are also taking about the scarcity of Bitcoin, probably there are less supply today but remember it is not also the supply but also the demand. There are less people right now who buys Bitcoin since we are in a bear market.

[TheUltraElite]

those fluctuations that are now happening is a normal phenomenon! correction is needed, and remember there is no eternal growth! now very serious players have ousted hamsters from the market! I'm sure that the bitcoin will begin to grow now! the more the entire crypto world is tied to bitcoins!

LOL I like your attitude mate. True the weak minds will lose their money if they put it into bitcoin and start panic selling when price drops. Its also true that those who know that market dips are a part of the normal cycle wont bother about price and leave crypto side for now.

Bitcoin is risky investment way. But if you want to secure it we also remove the risk. If we should take a better step we could goober its risk.

Bitcoin is a currency. We cannot remove the risk associated with market fluctuation. That is never possible not even for any other currency say fiat or even the stock market.

-snip-

STFU

[ubitcoin]

those fluctuations that are now happening is a normal phenomenon! correction is needed, and remember there is no eternal growth! now very serious players have ousted hamsters from the market! I'm sure that the bitcoin will begin to grow now! the more the entire crypto world is tied to bitcoins!

LOL I like your attitude mate. True the weak minds will lose their money if they put it into bitcoin and start panic selling when price drops. Its also true that those who know that market dips are a part of the normal cycle wont bother about price and leave crypto side for now.

Bitcoin is risky investment way. But if you want to secure it we also remove the risk. If we should take a better step we could goober its risk.

Bitcoin is a currency. We cannot remove the risk associated with market fluctuation. That is never possible not even for any other currency say fiat or even the stock market.

-snip-

STFU

Whatever have potential to grant you some extra money, that thing must be associated with risk factor. People from different regions of earth are continuously getting into bitcoins world. But what they are lacking is basic knowledge about how and what of bitcoins. Like this one, we all must know that bitcoins can never live without risk factor. So we must know how to handle risk at different levels.

[Ilegendph]

"scarce" is a term in economics that means finite. Air, food, and water are not scarce because they are replenished. Bitcoin is scarce because even though there are a huge number of satoshis (2,100,000,000,000,000), that number is fixed.

I hope answers your question. I was not able to understand it.

Scarcity is another factor that contributes to bitcoin volatility but this issue can be fix by using bitcoin by its function and not for investment. In this manner, the price would be stable and many institution will consider adapting bitcoin.

[TheUltraElite]

Whatever have potential to grant you some extra money, that thing must be associated with risk factor. People from different regions of earth are continuously getting into bitcoins world. But what they are lacking is basic knowledge about how and what of bitcoins. Like this one, we all must know that bitcoins can never live without risk factor. So we must know how to handle risk at different levels.

Emphasize the word "Extra" here. Because thats what makes it risky. Talk about gambling, its risky as anything. Trading on the other hand needs some skills too. More people getting into bitcoin is actually a good thing. Its increasing the number of "naive" people who are going to be trading. I can guarantee that 90% of then will run away after panic selling and/or after putting their money into so HYIP not knowing what it was.

Also bitcoind dont "live" with risk. Buying and selling crypto aka trading is what the risk is about. If you just buy btc and never sell it - then who cares about price rise or fall?

[Xester]

There is no bitcoin scarcity at this point of time. Big whales are still holding thousands of bitcoin at their wallet and thus we can still say that there are no scarcity in bitcoin. Also the reason there is a correction and  why bitcoin dropped from 20k$ to 10k$ is because of too much supply compared to the demand considering bitcoins value. The moment we will meet that so called scarcity bitcoins value will be around 10 million dollars each.

[kudryas]

we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?

This is because price is not affected by supply, demand also plays a major role in this. Demand has reduced due to fear among new investors