Demand for bitcoin exceeds supply by a factor of ten?

[blckhawk]

Even that were true, 1BTC is still a lot of money for some investors, some might not have reached that 1 yet in their whole journey so I don't believe that it's got some crazy demand that you're saying, it sure got a high demand but not as high as you think OP, if this was the case then we would've seen the bitcoin go much higher than what it does right now, that's how I think it will work.

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[nakamura12]

Even that were true, 1BTC is still a lot of money for some investors, some might not have reached that 1 yet in their whole journey so I don't believe that it's got some crazy demand that you're saying, it sure got a high demand but not as high as you think OP, if this was the case then we would've seen the bitcoin go much higher than what it does right now, that's how I think it will work.

Even if the demand is high but some people didn't demand bitcoin to have 1 btc but to have some btc. As you have explained, to some people that buying 1 BTC cost so much money where some people does not cost so much money. Let's say in my country, 1 btc is already 1 million+ in fiat currency where as some country that 1 btc is 50k dollars. You can see the difference in cost of each btc in different countries that's why the demand is also different from each person. In terms of situation like an auction then the most money osid in order to acquire 1 btc will be the one who gets it which doesn't include people who doesn't have lots of money.

[m2017]

According to this only 900 bitcoins are mined every day but the current demand is ten times that amount.

But what if look at it from the other side? A total of 21 mln. bitcoins can be mined. 19 mln. bitcoins have already been mined. You can buy bitcoin in many ways and in many places. That is, there is no shortage.

If that is true then it is not hard to imagine what will happen to the price of bitcoin.

Just the opposite. The price of bitcoin is very unpredictable. And this is called volatility.

As for 'demand exceeds supply', um, that is where the perceived value of BTC or for that matter, any currency or other thing of value, comes from...

The value of BTC (other thing of value) is formed not only from “supply and demand”.

[Synchronice]

According to this only 900 bitcoins are mined every day but the current demand is ten times that amount.

If that is true then it is not hard to imagine what will happen to the price of bitcoin.

https://www.youtube.com/shorts/YRKRn0Bozvc

How do they measure demand in this case? I mean, if you wanna buy Bitcoins, you can buy anything from 0.00000001Btc to millions of Bitcoins. So, technically, if I want to own Bitcoins, I can buy 0.001 and own it. That's why I don't understand how can one measure demand. Do we measure demand according to how many people want to own one Bitcoin? I mean, with this current price, you don't have to be in queue to buy a bitcoin, you can buy it instantly, with a single click, that's why I don't get it. By the way, there is an enormous demand on dollar, even on a single dollar but that doesn't mean that the purchasing value of dollar is increasing. Bitcoin's price is also not only demand and supply but speculation plays a huge role too.

[Natsuu]

Even that were true, 1BTC is still a lot of money for some investors, some might not have reached that 1 yet in their whole journey so I don't believe that it's got some crazy demand that you're saying, it sure got a high demand but not as high as you think OP, if this was the case then we would've seen the bitcoin go much higher than what it does right now, that's how I think it will work.

I get it. I mean not everyone can drop big bucks on a whole Bitcoin. So even if there's demand, it might not be as crazy as some suggest. The price is influenced by lots of things like how people feel about it, rules from the powers that be and bigger economic stuff. It's a mix of factors, not just how badly folks want it

[hatshepsut93]

Bitcoin demand is hard to predict or estimate. We can observe that there's growing interest in it, but we don't really know what those new holders are planning to do. Are they believing in Bitcoin as a hedge against fiat currency, or are they merely speculators who plan to ride the bull run and ditch Bitcoin when it crashes?

[Benedictare]

Geometrically the amount of Bitcoin that is generated per block is going to decrease by 50 percent in reduction at every 210,000 blocks or at every four years . The number of Bitcoin can not exceed very small in amount than 21million,and so the money available to put aside by algorithm which looks at Bitcoin blocks and raw transactions, because of its limited supply of 21million Bitcoin will create scarcity that will influence it's market price.

   When Bitcoin price is affected by supply,it also affects the demand of the markers,and it's available numbers which will now make investors to compete. The demand of Bitcoin can't be measured,and so the price of one Bitcoin will always be one Bitcoin not withstanding it's demand ,and since Bitcoin 's aim is to be decentralized,it can not rely on third party or a central authority to function

[Darker45]

Even without knowing exactly how many new coins are added to the circulating supply, it's actually easy to conclude that the price of Bitcoin is directed nowhere else but up. Adoption itself is still low. Despite that, however, the price has already reached tens of thousands. The potential market is still too huge. How many people in the world are actually interested in having Bitcoin? Less than 10% probably? What if it grows to 40%? What if it grows to 80%?

Besides, we know that people are only taking cue from the decisions of powerful individuals and companies. They may call Bitcoin a Ponzi or whatever, but it only takes a Jeff Bezos to consider Bitcoin legit for thousands to immediately get converted. And this is slowly happening. Even Trump who used to call Bitcoin a scam is now recognizing that "many people are embracing it", that he's "seeing people wanting to pay Bitcoin", and so "I can live with it one way or the other.” To a solid Trump supporter who doesn't like Bitcoin, would he/she not reconsider simply because of this?

[dlightag]

Bitcoin is a digital assets which is acceptable across the globe as a means trading, payment and investment. Hence Bitcoin is highly demanded currently because of how it been programmed from the creator, which is every Bitcoin halving their most be a reduction from miner's and it always occur every four years counting and that is how Bitcoin keep increasing in demand and supply keep reducing that skyrocket the Bitcoin price.

[bitterguy28]

the blockchain is constantly having transactions there are people buying, there are people selling and there are people mining bitcoin so itll be quite difficult to come up with an accurate estimation of demand but one thing for sure bitcoin will continue to rise up.

in the next following months i believe bitcoin is gonna attract more investors from all around the world, maybe even attract governments as well. all we need to hope for is governments do not restrict and ban bitcoin from our respective countries.