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vuduchyld
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August 17, 2014, 01:20:35 PM |
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I'm a newbie at crypto-speculation and I've also noticed the same thing: If an increased adoption result to an increase in price, then why does the opposite thing happen? Is it because of the faint-hearted bagholders that tend to panic sell whenever there are some rumors or is it because there are some tricks happening that are controlled by those whales? I'm confused o.O
Well, I'd guess that it appears to be the case because 1) you are considering a small sample size of data, and 2) markets are constantly pricing in a variety of factors. The causes for the drops are actually related to other factors, or possibly some adoption is already priced in. |
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Ayers
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Leading Crypto Sports Betting & Casino Platform
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August 17, 2014, 02:39:44 PM |
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it should be the contrary right? more adopption more value, because the amount is limited, yes you can divide it to 1/8 but the dividend will have a better value regardless
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picolo
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August 29, 2014, 03:32:54 PM |
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it should be the contrary right? more adopption more value, because the amount is limited, yes you can divide it to 1/8 but the dividend will have a better value regardless
It should be the case |
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giveBTCpls
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August 29, 2014, 05:08:28 PM |
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Bitcoin is limited, total amount is growing but total amount is also shrinking (coins that get forever lost). Within this premise + higher adoption = more demand on a limited supply = sky rocketing price.
Pretty simple facts.
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solsticez
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August 29, 2014, 05:14:14 PM |
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The price is rising in the long term, with an increasing adoption the value can only go up.
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origin12
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August 29, 2014, 05:53:54 PM |
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Bitcoin is limited, total amount is growing but total amount is also shrinking (coins that get forever lost). Within this premise + higher adoption = more demand on a limited supply = sky rocketing price.
Pretty simple facts.
I'm new, but that's what I heard happened when the silk road got big. Loads of new people started buying bitcoins to use there and the price was driven up. Maybe there were other reasons for the price rise though. |
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wasserman99
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August 29, 2014, 06:43:54 PM |
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Bitcoin is limited, total amount is growing but total amount is also shrinking (coins that get forever lost). Within this premise + higher adoption = more demand on a limited supply = sky rocketing price.
Pretty simple facts.
I don't think your logic is sound. If people start to lose large amounts of bitcoin then they will likely stop using it and sell what they have, as their loss (and potential future additional losses) would exceed the savings and security that bitcoin otherwise provides. This would cause the adoption rate to decrease. |
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picolo
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September 06, 2014, 11:49:37 AM |
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Bitcoin is limited, total amount is growing but total amount is also shrinking (coins that get forever lost). Within this premise + higher adoption = more demand on a limited supply = sky rocketing price.
Pretty simple facts.
I'm new, but that's what I heard happened when the silk road got big. Loads of new people started buying bitcoins to use there and the price was driven up. Maybe there were other reasons for the price rise though. The price rose from 100$ to 1000$ AFTER Silkroad was shut down |
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falllling
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September 06, 2014, 12:36:53 PM |
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Bitcoin is limited, total amount is growing but total amount is also shrinking (coins that get forever lost). Within this premise + higher adoption = more demand on a limited supply = sky rocketing price.
Pretty simple facts.
I'm new, but that's what I heard happened when the silk road got big. Loads of new people started buying bitcoins to use there and the price was driven up. Maybe there were other reasons for the price rise though. The price rose from 100$ to 1000$ AFTER Silkroad was shut down the price dropped 1x% AFTER Silkroad was shut down and rose after SilkRoad 2.0 launched |
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troisky
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September 06, 2014, 01:13:01 PM |
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What we are seeing is nothing, wait for ebay to accept btc, then you will see some serious shit.
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ensurance982
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September 06, 2014, 01:42:42 PM |
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No, increased adoption won't push the price down! Definitely no! We may see some additional selling pressure when merchants convert their BTC to FIAT, yes, but in the long term the demand will go up dramatically, and thus the price will increase!
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