Author

Topic: Bitcoin and Newbies (Read 1172 times)

fa
full member
Activity: 140
Merit: 100
October 29, 2014, 09:18:39 PM
#14
Are newbies vital for Bitcoin Price Index rise?

Yes, newbies follows the upside, but many soon washed out in down any trend that follows.
member
Activity: 73
Merit: 10
October 29, 2014, 08:46:25 PM
#13
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.
member
Activity: 66
Merit: 10
October 29, 2014, 08:37:32 PM
#12
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?
sr. member
Activity: 426
Merit: 250
October 27, 2014, 09:07:48 AM
#11
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.
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
October 27, 2014, 07:33:24 AM
#10
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.
Making money sounds so paradoxically to me.
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!

sr. member
Activity: 350
Merit: 250
October 27, 2014, 07:14:11 AM
#9
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.
newbie
Activity: 32
Merit: 0
October 27, 2014, 06:40:42 AM
#8
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?
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
October 24, 2014, 10:26:51 AM
#7
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.
Price is set by demand, almost nothing else.
Demand from miners, newbies and first adopters.
Without demand, no price
sr. member
Activity: 518
Merit: 250
October 24, 2014, 10:10:08 AM
#6
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.
sr. member
Activity: 378
Merit: 250
October 24, 2014, 10:00:18 AM
#5
Nope, in fact it can sway the opposite way (from a real life vendor/retail sales perspective).
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
October 24, 2014, 09:12:20 AM
#4
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.
Q7
sr. member
Activity: 448
Merit: 250
October 24, 2014, 08:28:02 AM
#3
If we have thousands of rich newbies willing to buy the coin at any price, then the answer is yes.
full member
Activity: 210
Merit: 100
Invest & Earn: https://cloudthink.io
October 24, 2014, 07:17:26 AM
#2
Are newbies vital for Bitcoin Price Index rise?

No. Newbies will come after price raise.
So price raise is vital for Newbies.
newbie
Activity: 30
Merit: 0
October 24, 2014, 07:15:36 AM
#1
Are newbies vital for Bitcoin Price Index rise?
Jump to: