Bitcoin Forum
November 15, 2024, 06:27:31 PM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > Speculation > What would happen to btc if....
Pages: « 1 [2]  All
« previous topic next topic »
  Print  
Author Topic: What would happen to btc if....  (Read 2104 times)
fattypig
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile WWW
October 20, 2013, 01:26:19 PM
 #21
That happens when you wake up and see Bitcoin at 0.1 USD each..
DolphinCoin - 1st Decentralized Angel Investing Cryptocurrency, 70% Free Distribution: DShBmP8BTwC8evfVD1nS1Ag2dDaitcvSwQ
nobbynobbynoob
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Annuit cœptis humanae libertas


View Profile WWW
October 20, 2013, 02:34:37 PM
 #22
Quote from: fattypig on October 20, 2013, 01:26:19 PM
That happens when you wake up and see Bitcoin at 0.1 USD each..

Price probably goes up if they get banned, judging by historic evidence of government prohibitions.
Earn Free Bitcoins!   Earn bitcoin via BitcoinGet
BTC tip: 1PKkvuwC24Vqjv9odigXs1QVzE66jEJqmb (if <200 µBTC, please donate to charity)
LTC tip: LRqXaNdF79QHvhPpS5AZdEJZnLiNnAkJvq (if <Ł0,05, please donate to charity)
Tirapon
Hero Member
*****
Offline Offline

Activity: 898
Merit: 1000



View Profile
October 20, 2013, 07:55:03 PM
 #23
Price would crash hard. But there'd still only be 21,000,000 Bitcoins. So if that happens, buy lots while they're cheap.
nobbynobbynoob
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Annuit cœptis humanae libertas


View Profile WWW
October 20, 2013, 08:22:26 PM
 #24
Quote from: TERA on October 20, 2013, 10:11:42 AM
The price would crash due to a significant increase in supply and reduction in demand as all of the law abiding users dump their coins. Speculation about bitcoin attaining mass adoption as a legitimate payment system will end.

Long term, government prohibition pushes supply curves to the left, not the right. I agree there could be an initial panic crash.
Earn Free Bitcoins!   Earn bitcoin via BitcoinGet
BTC tip: 1PKkvuwC24Vqjv9odigXs1QVzE66jEJqmb (if <200 µBTC, please donate to charity)
LTC tip: LRqXaNdF79QHvhPpS5AZdEJZnLiNnAkJvq (if <Ł0,05, please donate to charity)
Pages: « 1 [2]  All
  Print  
Bitcoin Forum > Economy > Economics > Speculation > What would happen to btc if....
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!