bitcoin scarcity

[guxu219]

I don't think there is any scarcity but rather availability, bitcoin and all other crypto currency works on the principle of demand and supply,  you can't say there is scarcity of bitcoin and yet we stockyard a massive downtrend even in the price,  I even heard that the hacker who was involved in the 2013 MX GOT hack is now selling off the 180k bitcoin he stole. Don't know why he hasn't been caught yet.

[Rizky Aditya]

I don't think there is any scarcity but rather availability, bitcoin and all other crypto currency works on the principle of demand and supply,  you can't say there is scarcity of bitcoin and yet we stockyard a massive downtrend even in the price,  I even heard that the hacker who was involved in the 2013 MX GOT hack is now selling off the 180k bitcoin he stole. Don't know why he hasn't been caught yet.

Looking into the market daily is in benefit for an investor. As said by the thread that Bitcoin supply is going low this because people sell their coins and that is why the value of Bitcoin is going down. But the market is spontaneously updating which tells you today that the price has increased as the ratio of buying was more than that of selling.

Thus eventually demand increases supply also increases and the price of Bitcoin has also increased today and will be in the upcoming days.  These situations happen for a time being and not for permanent purpose.

[TheUltraElite]

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

Price is effected by both supply and demand. The second part of your comment is an assumption - that you have and possibly you belong to that group of people. Demand for crypto will never decrease - because of the deflationary nature of the supply. Every minute some bitcoin when lost the others holding coins have their coins worth slightly increased.

Again fear is a common thing among every investor. But they should learn to mitigate the risks - which can be done by different methods.

[genset88]

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 a lot of people who are looking for and have a lot of Bitcoin diggers in my time. I think there will be more Bitcoin owners in the future, but the numbers will be less and less. Bitcoin prices on the market as well as on the trading floor fluctuate and I think Bitcoin is growing.

[DonaldHun]

In my opinion, Bitcoin becomes scarce in the future if the mining process from private companies or organizations does not produce favorable results. In addition, Bitcoin is becoming the most highly regarded investment method in the world. If it is adjusted for investment and all investors hold bitcoin, the value of bitcoin can explode as the popularity of the community grows in the crypto market.

[TheUltraElite]

Bitcoin is a lot of people who are looking for and have a lot of Bitcoin diggers in my time. I think there will be more Bitcoin owners in the future, but the numbers will be less and less. Bitcoin prices on the market as well as on the trading floor fluctuate and I think Bitcoin is growing.

What the hell do you mean by "Bitcoin is a lot of people" ? Bitcoin is a currency for heavens sake and not a group of people. I believe you are using a translator to view and post in the forum which is why you posts seems to be non-sense jumbled up. Better for you to learn English first before posting.

You are correct that in future the adoption of bitcoin will increase and this will actually make bitcoin scarce even if the supply is being done by miners. This does not mean that bitcoin is "growing" - it shows the economic liquidity of bitcoin and that new traders are coming into the market.

[hurry_hore]

Previous downtrend of bitcoin price showed that supply of this bitcoin is high, then now with uptrend of bitcoin price showing the demand is rising. I think no scarcity of bitcoin currently.

[sinkfish]

not at the moment. bitcoin still maintaining high trade volume which indicate demand still strong.

any news neither good or bad had much impact on trade. only affecting more or less people decide to hodl or not. in the end. demand is still there, anyone would willing to supply if the price is right.

[maaydin]

if we assume that if something is scarce it has the ability to grow more and just because of this factor ti must go up than it is not an healthy analyse because there are so many other factors and indicators which are more important than scarcity.

[daarul50]

The possibility of bitcoin to fall deeper can be yes or no. At the beginning of this year bitcoin had twice touched the price point of about $ 6600- $ 6700. I think that the price point has become the ground floor for bitcoin prices this year. The strong influence on the movement of bitcoih is still dominated by emerging news and the whales entering the market so the stock supply numbers do not seem to affect the state of crypto market

[nickmax]

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?

In 2020, the reward for closing the block will be halved and then the price will fly to the moon, many will realize that the issue of bitcoin will end, and the demand for it will only increase. Perhaps John Mcafee will be right at least half))

[MoonJeina]

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?

I think i am not able to understand what are you saying . If we look at the market right now , bitcoin is doing well comparative to the previous two weeks . The volume has definitely seen some decline because of the sell offs but the decline is not very significant to declare that there is some sort of "scarcity" . Bitcoin is doomed some day . Because we all know that it only has supply of 21 million .

[JoshyKulotski]

Bitcoin according to the coinsmarketcap update has a volume of  16.9M remaining divided by almost a billion believer on the world, quite interesting statistics about bitcoins. Why bitcoin has scarcity? Because of the trends and news about the real value of 1 Bitcoin. 1 Bitcoin costs $8,234 as coinsmarketcap update. Who will not interest on that amount of money?.
On my opinion people demand on bitcoin raises as its value raises into double that's why maybe other believer making scams and fake news about bitcoin to avoid higher demands.

[gahsh]

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?

if according to my analysis bitcoin will not go down to $ 4500 again, bitcoin is now the price has started up again, and I really expect bitcoin to rise higher, so it is very fortunate for people who have bought some bitcoin with yesterday's price price decreased, and of course those people will profit enormously.

[WaffleMaster]

There's nothing scarce about any cryptocurrency because it can be divided into a million pieces. So 21 million multiplied by 1 million is 21 trillion. So that's not scarce, and really limited supply only matters if the entire world needs to transact at the same time. If Bitcoin is worth $1 only 21 million dollars in trades could happen at any given time considering everybody was spending and nobody holding. So that's why scarcity could matter.

[EEEian]

The main reason the smart money is investing in bitcoin is its capacity to eliminate expensive trusted intermediaries in human commerce.So even if bitcoin doesn't make it as a currency it still has a huge future as the ticket to use the blockchain for a million other financial applications.This is more important than whether you can buy a coffee with it across the street.

[Theo222]

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?

yes we need to wait but not only 1million bitcoins but infinite if ever. bitcoin will rise again soon we need to wait first dont rush it because this is a currency not only a normal currency. bitcoin is a big currency and people want to earn more money thats why they forcing their self to hold their coins until the price will go up.

[forumsehat]

No need to wait until 1 million, all will recover quickly and this is just a matter of time and patience we have to do, and I believe soon bitcoin will definitely recover better.

[fuer44]

supply bitcoin which is currently increasingly thinning but on the other hand demands on bitcoin is still high. this will cause supply bitcoin can be considered increasingly thinning and can be called as a rare item. and this will make the bitcoin price will soar.

[pushups44]

Patience is the name of the game with cryptocurrencies. If money were so easy, then everyone would be a millionaire. This is not an investment for the anxious or weak-hearted.