Are newbies vital for Bitcoin Price Index rise?
Yes, newbies follows the upside, but many soon washed out in down any trend that follows.
Topic: Bitcoin and Newbies (Read 1174 times)
Yes, newbies follows the upside, but many soon washed out in down any trend that follows.
Are newbies vital for Bitcoin Price Index rise?
yeah, i think so. For there are so many people engage in cryptocurreny in total, when some of them turn to newbies, then the money invest in Bitcoin will be less, it is like some of money is distributed to other coins, so it does affect the Bitcoin price.
it is not vital though, after all most people prefer Bitcoin to others.
There are tons of new Bitcoin users everyday. As this number grows Bitcoin will be used more and more. At this point though I would think that the Bitcoin veterans have a bigger impact on the Bitcoin price. They are the ones moving large amounts of Bitcoins.
Hmmm ok.. So what in percent, how many bitcoin users who are in the veteran category?
There are tons of new Bitcoin users everyday. As this number grows Bitcoin will be used more and more. At this point though I would think that the Bitcoin veterans have a bigger impact on the Bitcoin price. They are the ones moving large amounts of Bitcoins.
If we have thousands of rich newbies willing to buy the coin at any price, then the answer is yes.
Yes , there are this type of newbies who are not interested at the technical things of bitcoin and just speculating the bitcoin price as they expect to earn a quick money.Bitcoin is money.
Making 'money' means for a lot of people making fiat (dollar, euro's, etc.)
But for me making money in bitcoinland means making more bitcoin!
If we have thousands of rich newbies willing to buy the coin at any price, then the answer is yes.
Yes , there are this type of newbies who are not interested at the technical things of bitcoin and just speculating the bitcoin price as they expect to earn a quick money. Are newbies vital for Bitcoin Price Index rise?
No. Newbies will come after price raise.
So price raise is vital for Newbies.
But are newbies vital for Bitcoin itself?
Are newbies vital for Bitcoin Price Index rise?
No, scarcity is an big influential factor for the bitcoin price index. Bitcoins are produced during the mining process. The reward is 25 bitcoins per block (approximately every ten minutes) until mid 2016, and then afterwards 12.5 bitcoins per block for 4 years until next halving. This halving continues until 2110-2140 when 21 million bitcoins have been issued.Other influential factors are investors and panic buyers/sellers.
Demand from miners, newbies and first adopters.
Without demand, no price
Are newbies vital for Bitcoin Price Index rise?
No, scarcity is an big influential factor for the bitcoin price index. Bitcoins are produced during the mining process. The reward is 25 bitcoins per block (approximately every ten minutes) until mid 2016, and then afterwards 12.5 bitcoins per block for 4 years until next halving. This halving continues until 2110-2140 when 21 million bitcoins have been issued.Other influential factors are investors and panic buyers/sellers.
Nope, in fact it can sway the opposite way (from a real life vendor/retail sales perspective).
If we have thousands of rich newbies willing to buy the coin at any price, then the answer is yes.
And since most rich people are not rich by luck, they are probably already aboard.Without poor no rich.
If we have thousands of rich newbies willing to buy the coin at any price, then the answer is yes.
Are newbies vital for Bitcoin Price Index rise?
No. Newbies will come after price raise.
So price raise is vital for Newbies.
Are newbies vital for Bitcoin Price Index rise?
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