Not quite sure what you are implying here... Are you talking about "Cornering the Market?"
There are plenty of Hoarders of BTC. Most are not flowing freely in transactions.
There are two (2) little dirty secrets with BTC that have not yet been addressed in practice but only theory.
The first is Block Chain Growth and the space needed to hold it.
The second is Attrition (loss of BTC via varying losses... damaged HD, forgotten, etc...) Since there is a predetermined amount of BTC that will be produced i.e. 21 Million which in base units of "Satoshi's" is 21 Quadrillion base units, we will run out of BTC in about 108 years if the percentage of Attrition follows fiat currencies. However, I am thinking the percentage will be slightly higher due to other unusually forms of loss.
Topic: At what price could YOU hold up the bitcoin exchange price? - page 2. (Read 2039 times)
hero member
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It's all fun and games until somebody loses an eye
The price of bitcoins is all about supply and demand, right? Miners are providing a steady supply of bitcoins, but nobody is removing bitcoins. What we need is hoarders who will buy up the used bitcoins. We just need to know how low the price will go (so we can plan accordingly, of course). Now, if you are a hoarder, we want to know at what price you are buying up all the bitcoins?
For example, I could put in a nice offer of 10000000 at .0001 US cent per bitcoin, that would be a significant chunk, I just need a couple more people to join with me here, any takers?
For example, I could put in a nice offer of 10000000 at .0001 US cent per bitcoin, that would be a significant chunk, I just need a couple more people to join with me here, any takers?
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