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Author Topic: Bitcoin is rare  (Read 683 times)
virendarnagpal
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August 23, 2018, 03:45:58 PM
 #161

yes it is true that bitcoin is rare.  Had it not been rare; it's price would not have been so high.  But the price of something depends upon the law of economics.  i.e. law of demand and supply.

In the market when demand is up but supply is low the price will rise; we can experience in our daily routine while we buy vegetables or fruits; when in some season these are available in huge quantity but supply remaining the same the prices immediately falling.  But when season is off; the supply will be very low; then if the demand will be same then the price will go up.

In the same way if more and more people s tart investing in bitcoin so it's demand will increase but it's supply can not be increased beyond certain level and suppose the holders do not want sell then the price will be touching very high levels.

so demand and supply play major role in deciding the price.

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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August 23, 2018, 03:59:13 PM
 #162

I can say that btc is rare but it is worth it. To my mind, btc is the best coin ever and you should be able to invest in it because this is the best currency of the future which has many benefits compared to others

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August 25, 2018, 01:11:54 PM
 #163

Well, you are right. Bitcoin is rare which is the reason why Bitcoin is value. Moreover, mining Bitcoin is more and more difficult. But I think it is good for Bitcoin to raise price more and more.
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August 25, 2018, 01:14:01 PM
 #164

It is really true to say that Bitcoin is rare. It is supposed that the demand of Bitcoin higher and higher so people often hold Bitcoin themselves. That 's a good signal which bitcoin will be go up price soon.
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August 25, 2018, 01:19:28 PM
 #165

Its not rare cause there are lots of bitcoin that we see being used and traded everyday. If its rare, then we won't see it on some faucet and being used on buying things. Yes, it has a great value but we don't treat it as rare or some majestic things. It would be silly to think it as rare, better to think it as valuable asset.
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September 18, 2018, 02:54:09 PM
 #166

Yes bitcoin is rare, but its back again to the old and rise again, don't worry and afraid everything will be okay again, but doesn't mean that bitcoin will dead that is only the price not the whole bitcoin.

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September 18, 2018, 02:58:59 PM
 #167

I think that the rarity of bitcoin-not much effect on the price. It seems to me that the news is the most important factor affecting the rise and fall in prices.

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September 18, 2018, 03:18:35 PM
 #168

I think the price will rise. But what you are talking about is not what causes that. 4 million coins left to be mined. But the circulation supply is still rising.
More supply ----> Lower price


No need to argue on that yes we should all know bitcoin is been a long time in the rare status
But all of these scenarios for bitcoin will be fix in the right time with success of victory for all of us
Price will rise again

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September 18, 2018, 03:24:51 PM
 #169

Of course bitcoin is rare, it is the only experiment that has managed to simulate rarity in the digital world, and it isn't a technoogy. But an economic expedient. And as there is less and less to be extracted, the value will certainly increase.

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September 18, 2018, 03:55:12 PM
 #170

Yes, Bitcoin is rare. This is not only about the remaining 4 million left to be mined. It's about 21 million Bitcoin for everyone in the world. And yes this is the reason for price increases. However, as we know, the most important thing in price increases is the amount of demand for Bitcoin.

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September 18, 2018, 04:01:52 PM
 #171

yes bitcoin is rare, but mining is still available, low value makes bitcoin enthusiasts go down, this is very interesting for us to add enthusiasm to mine.
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September 18, 2018, 04:22:56 PM
 #172

The many requests for Bitcoin in the crypto market that are happening right now make bitcoin rare and the price is expensive, I think that is the reason why people are eyeing it for the long term. Also, there are only 4 million bitcoin left to be mined. So that means, after all bitcoin is mined, the price will rise. But we can't really say it will soon because the closer we are to the last bitcoin, the harder it will be for miners.

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September 19, 2018, 04:29:51 AM
 #173

Bitcoin is rare, which is the reason why Bitcoin is value. And the demands is more higher than the supply reason be that those holding the coin are not ready to dispose it which also gives value to it. Also the mining process is getting more difficult since the number left to mine is less than the one already in existence so bitcoin is really rare.

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September 19, 2018, 04:39:43 AM
 #174

I have a question, when bitcoin is mined, the supply in the market will decrease, right? but when whales sell all their bitcoin in the market, is the supply recovered? so the price goes back down? actually in the cycle where we are, bitcoin is mined, bought, and then sold again, like rotation on a wheel.

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September 19, 2018, 07:05:35 AM
 #175

In my own opinion, the basic concept of investment is that when the supply is high, the price is also low and vice versa. What causes bitcoin's market price to go up high is the increasing demand of bitcoin from old and new investors over the low supply of bitcoin.

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September 19, 2018, 07:26:15 AM
 #176

In the past few years i was watching the crypto currency which is now less using but still it's use for the business man and other users it is very important for their business and other uses it is valuable to them it is not rare because the market is showing active participation of bitcoin.

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September 19, 2018, 08:09:41 AM
 #177

maybe, but that doesn't mean that bitcoin will disappear and become a step. it will be the opposite for bitcoin and Bitcoin will become more positive in the future. if they want to hold back in scarcity for how much time maybe bitcoin will come back to triumph, this will make people use bitcoin even more and prices will definitely rise again.

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September 19, 2018, 08:36:01 AM
 #178

https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/


Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase?  Need to know your opinion too.

I guess it is the sign that bitcoin will be more valuable because once all bitcoin will mine theres a tendency to lessen the supply in the narket. And the demand will high and might be moderated the fluctuations of its value.

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September 19, 2018, 09:02:47 AM
 #179

https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/


Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase?  Need to know your opinion too.

My saliva is rare too. Only I can produce it and once produced, its authentic with my DNA. And my salivary glands are capable of producing only limited quantity of it. Does that make my saliva expensive? Well... I dont know...
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September 19, 2018, 09:08:52 AM
 #180

"rare". This is very possible. But Bitcoin and altcoin need to be developed and used even more!
Rare is not that valuable! Value when used widely and practically!

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