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Author Topic: The price of bitcoin, supply and demand in the market  (Read 202 times)
russaa8
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April 05, 2018, 08:45:19 AM
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 #1

I am surprised by people who pay attention only to the price, think about the supply and demand, are now trying to sell their bitcoins. You need to understand that this is a new technology that changes the world, this makes the world more honest and fair. Do you really like the current banking system, when some simply print money, while others work tirelessly on food and clothing?
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.

I wait for criticism on my thoughts! Cool
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April 05, 2018, 09:17:12 AM
 #2

Bitcoins supply has been limited to 21 million only according to the  creator of bitcoin in the year 2009. Bitcoin has certain positive features because of that its popularity has increased to considerable level . Bitcoin has acquired the investors confidence so naturally its demand is increasing. According to the simple market theory whenever the supply of a commodity is limiting naturally its demand is increasing  in the market and hence its market price is shooting up..
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April 05, 2018, 09:22:43 AM
 #3

In this world there must be something more expensive than money. And this is the technology that bitcoin brought to the world. Many want to buy bitcoin cheaper and sell more, but this is not the main goal of bitcoin, it is not its essence. Bitcoin has a duty to change the world and I think he will do it!
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April 05, 2018, 09:23:59 AM
 #4

The bitcoin price is the reflection of the amount of supply and demand the public is giving.
Bank doesn't just print money simply they want to increase the money. They are studying how public demands money also and how they use it.
Banks are also regulated on how much money they can print they are just not printing how much they like.
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April 05, 2018, 09:27:00 AM
 #5

based on my research bitcoin has 21m supply only based on the creator of this coin. bitcoin price reflected to the number of demand every time. bitcoin increase because it is already legal to majority of the countries in the world.

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April 05, 2018, 09:31:04 AM
 #6

Hopefully your thoughts will come true and no one will criticise it. But I think for that to happen we must understands that our government is not prepared for the same yet. Unless and until they dont approve the whole thing then there is no way we can see your thoughts becoming the reality. Is bitcoin is a utility coin? Yes off course it is, but is it being used in that way. No I am pretty sure its not. For that to happen we need proper regulations brother, without that bitcoin is nothing and it will keep locked up in the Virtual Space and no one will come to pick it up and evolve it for the betterment. Believe profit taking with its volatility and cold storage is what people has learned about it and they are not capable of thinking about it in different way. Thats the sad part of it.

   

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April 05, 2018, 09:36:29 AM
 #7

The price of bitcoins is solely depended on the demand than the supply. Even if the total supply circulating is only 100 in quantity and people are not demanding it , its price can be 0.00001 USD yet, no one will demand it because of government regulations and interventions. However if the same quantity is 100, and it has the freedom to transact without any external force, then people will be willing to pay even a million USD just for a fraction of it. That is why of late a sensitive news move the price of bitcoins.

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April 05, 2018, 10:24:50 AM
 #8

The bitcoin price is the reflection of the amount of supply and demand the public is giving.
Bank doesn't just print money simply they want to increase the money. They are studying how public demands money also and how they use it.
Banks are also regulated on how much money they can print they are just not printing how much they like.

Known history for you about when the US and Iran were friends, and Americans bought oil from Iranians?
In the early 1990s, Americans were tired of transporting dollars to them (Iran only admitted cash) and suggested: let's send two US Federal Reserve officers together with a printing press, give a cliche, and you'll print yourself dollars. How much oil was delivered, so much and printed. This scheme worked until the moment when Iran's nuclear program did not interfere with the US.
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April 05, 2018, 10:42:03 AM
 #9

Bitcoin has come a long way in its incomplete 10 years: even the ban on the use of bitcoin is a recognition of its widescale and popularity. The proposal is limited to the maximum number and keep in mind that a huge part of this sum is lost - according to different estimates of 4-5 million bitcoin on forgotten wallets.

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April 05, 2018, 10:43:26 AM
 #10

unfortunately we have to accept that this is the market that we have, a "roller coaster". and there is not much we can do to change that. we can only hope that as the market grows this high volatility will be reduced and we end up with a better market where there is less manipulation, less weak hands panic sell, and finally less volatility.

there is a lot of us who understand the potential of bitcoin, the limited supply and the growing demand for it and we are accumulating bitcoin as much a we can afford and also willing to risk. that's what matters most in my opinion.

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russaa8
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April 05, 2018, 10:50:02 AM
 #11

Bitcoin has come a long way in its incomplete 10 years: even the ban on the use of bitcoin is a recognition of its widescale and popularity. The proposal is limited to the maximum number and keep in mind that a huge part of this sum is lost - according to different estimates of 4-5 million bitcoin on forgotten wallets.

Sometimes the ban works the other way round! For example, films that are banned for display in cinemas end up watching a very large number of people. It was so recently in Russia, when it was forbidden to show the film "The Death of Stalin". He was forbidden to show in cinemas, but all of Russia looked at him on the Internet). The film would not have looked all on the Internet, but its official ban made a lot of advertising ...
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April 05, 2018, 10:50:31 AM
 #12

People don't understand that the worth of bitcoin isn't just its monetary value, but also its potential to revolutionize the future. Before the industrial age people used to use oil for making candles and as a lubricant. Now, in the modern age its value has multiplied drastically because people have realized it has massive potential elsewhere (combustion engines). Once bitcoin realizes its true utility, people will start paying more attention to its utility worth, rather than its commercial worth.

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April 05, 2018, 11:07:55 AM
 #13

I am surprised by people who pay attention only to the price, think about the supply and demand, are now trying to sell their bitcoins. You need to understand that this is a new technology that changes the world, this makes the world more honest and fair. Do you really like the current banking system, when some simply print money, while others work tirelessly on food and clothing?
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.

I wait for criticism on my thoughts! Cool


Everyone understands that bitcoin is a bright future in the economy. But there are influential people who do not want to change the financial system and are trying to destroy crypto-currencies. Therefore, many panic and sell their coins.
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April 05, 2018, 11:13:28 AM
 #14

Actually right now market is being manipulated by big names and banks, price is really volatile and it is becoming worse by everyday fud coming out from every country like bans, crackdown and regulation.

When most of the countries will regulate crypto than we might see massive adoption around the globe. Government will force us to pay taxes on our every coin which is just against for what all this crypto was first introduced (financial freedom).
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April 05, 2018, 11:15:39 AM
 #15

yes, I agree with you, for today, supply and demand will only give us short-term benefits. only will give us little value and will not survive for a long time.

but I think if bitcoin has been accepted by the world then the value of supply and demand will be very valuable. even if bitcoin has become the value of the currency used by the world, then bitcoin will also be stable and will not drop dramatically.

and I think with 21 million bitcoin supply and with bitcoin advanced features, can make the world economy become stable.

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April 05, 2018, 11:40:52 AM
 #16

Yes it is true bitcoin prices depend on demand and supply in the international market, and I think the current banking system is not only to print money but also to provide convenience to someone in a country in order to save more money and I think bitcoin can indeed change the world economy and bitcoin technology can also provide more than just buying and selling bitcoin but if bitcoin is legal worldwide, as there are still many countries that have not legalized bitcoin, if in some countries the world alone has not legalized bitcoin how bitcoin can change the economy all over the world, and I hope all countries in the world can someday legalize bitcoin.
I think that's what I received.
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April 05, 2018, 12:30:21 PM
 #17

I am surprised by people who pay attention only to the price, think about the supply and demand, are now trying to sell their bitcoins. You need to understand that this is a new technology that changes the world, this makes the world more honest and fair. Do you really like the current banking system, when some simply print money, while others work tirelessly on food and clothing?
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.

I wait for criticism on my thoughts! Cool

This has been discussed countless other times; most people nowadays are in it for the money and aren't given a much needed attention in terms of development of the tech more so the usability of the said coin. The ones on board who came because of the boom bitcoin was having think that price = more adoption = improvement, which is plainly wrong. We don't know what is the 'actual' value of bitcoin, however we all know that the insane run towards $19k is simply overvalued because there's not much utility you can rely on bitcoins, only its capability of holding value in a period of time. The development has since became stagnant, and the coin has dwindled down to become the go-to of the speculators and the hopefuls, while the geeky innovators who pushed the project into where it is right now are the ones living in the dark.

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April 05, 2018, 12:58:33 PM
 #18

You need to understand that this is a new technology that changes the world, this makes the world more honest and fair.

this is the important part of it all and those who really understand this are already involved with bitcoin, they don't see a price drop as a bad thing at all, they see it as an opportunity to buy more shares of a limited currency that has a lot of potential and soon they won't be able to afford to buy the same amount...














 

 

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April 05, 2018, 01:46:00 PM
 #19

You need to understand that this is a new technology that changes the world, this makes the world more honest and fair.

this is the important part of it all and those who really understand this are already involved with bitcoin, they don't see a price drop as a bad thing at all, they see it as an opportunity to buy more shares of a limited currency that has a lot of potential and soon they won't be able to afford to buy the same amount...


In truth, initially my attention to bitcoin was caused by a rapid rise in price. First I bought and sold bitkoyn, sometimes I sold it cheaper than bought. But then I learned the bitcoins technology and what it carries in itself. I began to save and multiply my bitkoy ...
I did not sell my bitcoins for 20,000 dollars, and I do not sell for $ 7,000.

As my very good friend says: "everything is ahead, all the other glasses will be clouded from the development of bitkoyna and the entire crypt)))
Shirin16
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April 05, 2018, 02:02:35 PM
 #20

I am surprised by people who pay attention only to the price, think about the supply and demand, are now trying to sell their bitcoins. You need to understand that this is a new technology that changes the world, this makes the world more honest and fair. Do you really like the current banking system, when some simply print money, while others work tirelessly on food and clothing?
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.

I wait for criticism on my thoughts! Cool
maybe they do not think for the future or for the next generation, they just think that the current opportunity should not be lost or wasted. by that they only think about the price, supply and demand on bitcoin.
I agree with you. with us fully support the development of bitcoin, it can make bitcoin will last longer and certainly facilitate us with the technology.
hope they are many who are aware of this.

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