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Author Topic: BTC Demand>BTC Supply= High Priece of BCT.  (Read 204 times)
ariaalex
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May 21, 2018, 09:00:26 PM
 #21

I am fully agreed with you.  Demand is the driver and supply is the fuel of the formula. If we want to grow btc, we have to work to raise the demand of btc.
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May 21, 2018, 09:46:08 PM
 #22

Bulgarian authorities have said to own around 200,000 BTC, which I personally find very questionable.
It was worth over $3 billion at the time it was reported, but I don't believe any of this and think it's just another anti crypto campaign to unleash fear. Governments aren't shy of these practices.

The central bank of Poland once financed an anti crypto campaign on social media, and this might be the next thing from that region. I don't doubt they seized a certain amount of Bitcoin, but this is just insane.

It doesn't even sound convincing. I'm not sure if any business or organization performed blockchain analysis in an attempt to locate these wallets, but I would definitely be interested to see the results.

The number of coins it concerns as a whole is too significant to not be a somewhat easy to locate target.

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May 21, 2018, 11:07:14 PM
 #23

Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?
Ask Bill Gates and Warren Buffett to tell that everyone must invest to bitcoin.

We have to encourage everyone that they shouldn't listen to any bad news that are coming out otherwise they would listen to it and just buy the news. The outcome? you know it, reduction in demand and to the price as well.
The opinion of famous people has been proven can boost those demand in the market. But unfortunately, Warren Buffett is always Says Buying Bitcoin Is Gambling, Not Investment, maybe because volatile Bitcoin prices could cause him heart-attack Cheesy . I think it's about the time when more people outside there will accept Bitcoin to their finance transaction.
Their opinion is valuable to the public so it will definitely boost the market is ever they will bandwagon and would tell the people that they should start investing to bitcoin. We do know their opinion about bitcoin so if ever there will be a change of heart that will probably have a little bit of movement in a positive manner. And again there's another popular guy that lost credibility said that billions of money will come to the market and top 10 coins will be doing good, I bet you know this guy.

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May 22, 2018, 10:57:46 AM
 #24

could be bot in recent days the supply portion is getting havier and thats why the price adjustment is going on.
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May 22, 2018, 11:29:29 AM
 #25

As for demand, we can't do anything on this forum to increase, apart from spreading popularity, which we already do, but the increase in demand will come as it already has because of the good quality of the product: bitcoin.
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May 22, 2018, 12:02:38 PM
 #26

The biggest demand for Bitcoin right now is store of value. Growth of price makes it raise even higher.   Price will rise much higher when countries will start buying in.

Actually, the main source of Bitcoin's demand is still coming from speculative use. Only a very few people actually use Bitcoin as store of value right now, but it's slowly gaining traction. In order for people to use Bitcoin as store of value, they first need to stop focusing solely on the speculative aspect and start diving into what's making Bitcoin such a powerful multifunctional tool. And what exactly do you mean with countries start buying in? Are you referring that governments will start to acquire Bitcoin just like they do so with gold to increase their reserves? Theoretically this could be possible, but there is no way for us to find out until they publicly announce that. Japanese authorities technically hold +100,000 BTC from MtGox, and Bulgarian authorities have said to own around 200,000 BTC, which I personally find very questionable.

Ofcourse they will. What else. Well some will other will pass like they don't hoard gold.  Those that have lost of Gold now like Russia or Italy will for sure go big into Bitcoin.  

But we are not there yet currently different financial institutions are buying Bitcoin. That was behind 2017 growth.  Countries buying will be behind next bubble that might even not happen in this decade.

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Fuhre
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May 22, 2018, 12:29:21 PM
 #27

I believe price depends on demand and supply . The more demand with low supply results more higher price and vice versa. Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?

The biggest demand for Bitcoin right now is store of value. Growth of price makes it raise even higher.   Price will rise much higher when countries will start buying in.

I think so, man. If countries start buying and adopting bitcoin, then prices will jump very high. I am the case that the country will buy a lot of bitcoin, given the very limited bitcoin preparation, which creates a very high price if this happens.
harizen
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May 22, 2018, 02:45:46 PM
 #28

I believe price depends on demand and supply . The more demand with low supply results more higher price and vice versa. Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?

As long as bitcoin hype will continue, then surely the demand for this will increase.

Aside from hype or expected price increase in the future, merchants accepting bitcoin also plays role in terms of "demand". Im not sure how you look at the current market situation but we don't have to worry about getting an increase of demand today. Let it grow automatically and soon you will see a great result.

Just hope that big companies truly hugs using bitcoin in the future.  If that will happened, expect a sudden price pump due to lots of buys whether to ride the hype or used bitcoin as a normal currency.

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May 22, 2018, 04:15:44 PM
 #29

I agree with you. We need to support Bitcoin right now. The price is always unstable. Right now it is dropping at a very high rate. We have to wait , till the price starts rising again.
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May 22, 2018, 04:24:42 PM
 #30

I think you are correct. Generally cost fluctuates because of interest and supply. In the event that request raise more than supply cost will go up. The main way, I think, to expand the request I trust its utilization. The more individuals utilize btc, the more request will be produced. But the good news is that many people are getting aware of this market. Soon bit coin will have a high demand.
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May 22, 2018, 04:59:31 PM
 #31

I agree with you. The price varies on demand and supply. If demand is more than supply the price will be high. And it will affect the market. Roll Eyes Huh
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May 22, 2018, 05:31:38 PM
 #32

Though the supply is fixed, but it has a huge supply. But, compared to that demand is not that much. I think positivity and motivation can increase the demands among people. There're somany frauds in the market which results loosing the demand of the market. and this is how the price decreases. Shocked Shocked
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May 23, 2018, 08:46:23 AM
 #33

Price are depends on supply and demands. If demand are high then automatically price will be rise .peoples are using bitcoin that’s why i think its demand and price also increasing.
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May 24, 2018, 06:56:20 AM
 #34

Bitocin is the best crypto currency at all time because it’s future value and market price the amazing news it’s been always 1st position in the market and this position make our BTC more strong & BTC depends on Demand & Supply it’s like share market and this price may vary based on demand & supply.
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May 24, 2018, 04:22:54 PM
 #35

Supply is not a problem because there is a limit to how many bitcoins can be created and as time goes by and halving bitcoin will be more scarce. As for demand, we can't do anything on this forum to increase, apart from spreading popularity, which we already do, but the increase in demand will come as it already has because of the good quality of the product: bitcoin.

supply is exactly the problem. In order to mind a BTC you pay 2-5k $ in electricity. Why should BTC be worth more then the cost to produce it? Or let me put it this way: why should I pay 20,000$ for 1 BTC when I can mine it for 5,000$? Unless you create artificial high demand it's only worth a bit more then the costs (labor + profit)
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May 25, 2018, 07:37:15 PM
 #36

-snip-
also how to raise the demand ?
of course by increasing their awareness about Bitcoin and its usability for life.
people will realize that it'll be their future because they need something to help them improve their financial system to catch up to their technology.

We see now that BTC is really awful as a payment tool due to the low transaction speed compared to Visa/MasterCard. So I don't see that we will see the mass adoption of BTC, though it can happen with other cryptocurrency (but still I don't think it will be any of ERC-20 tokens, as they have almost the same problems with transaction speed/throughput). That's why I'm now watching the developing of 3rd-gen blockchain, hope it can make the things better.

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May 26, 2018, 03:22:35 AM
 #37

I believe price depends on demand and supply . The more demand with low supply results more higher price and vice versa. Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?
There is no way to artificially increase the demand and even if you could do that the increase will be artificial and it will not last, there are two ways to make the price of bitcoin higher, one way is to reduce the circulating supply and that can be very easy people need to hold their coins and the second way is for the demand to go up but for that we need a big development happening in bitcoin.
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May 29, 2018, 07:01:02 AM
 #38

I believe price depends on demand and supply . The more demand with low supply results more higher price and vice versa. Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?
There is no way to artificially increase the demand and even if you could do that the increase will be artificial and it will not last, there are two ways to make the price of bitcoin higher, one way is to reduce the circulating supply and that can be very easy people need to hold their coins and the second way is for the demand to go up but for that we need a big development happening in bitcoin.
This concept of artificial demand is very ridiculous and it is not going to help bitcoin much in increasing in prices. Bitcoin needs increase in demand and it appears to me the most appropriate method of helping bitcoin for achieving unbelievable prices. The more demand will automatically lead to increase in the value and less supply is going to make bitcoin rare commodity eventually increasing the price.

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May 29, 2018, 08:43:48 AM
 #39

I think that the demand now is great, because the price is low. Offer is not big, because most hold. Still, it makes rates go down and not the opposite.
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May 30, 2018, 11:01:47 AM
 #40

-snip-
also how to raise the demand ?
of course by increasing their awareness about Bitcoin and its usability for life.
people will realize that it'll be their future because they need something to help them improve their financial system to catch up to their technology.

We see now that BTC is really awful as a payment tool due to the low transaction speed compared to Visa/MasterCard. So I don't see that we will see the mass adoption of BTC, though it can happen with other cryptocurrency (but still I don't think it will be any of ERC-20 tokens, as they have almost the same problems with transaction speed/throughput). That's why I'm now watching the developing of 3rd-gen blockchain, hope it can make the things better.
There are some problems still exists and the controllers should think about it. Many people object about slow transaction speed. When somebody wants to buy to sell or withdraw his bitcoin, he needs quick service and when transactions take time he became angry and want to quit from bitcoin world. Price volatility is also another problem.
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