Topic: Bitcoin BULL/Rally Forming? - page 3. (Read 3550 times)
Complete baseless speculation. Nothing can be predicted in bitcoin, people should know that by now. This thread also belongs in speculation.
price declined today. so bitcoin will fade away 
So I seen we've climbed overall from around $400 to $600 with bitcoin, then stopped at around $600. If it repeats, then we should be at $800 soon enough.
Define soon. I think we might see $800 in Fall the earliest, not before. Too much selling pressure and bearish sentiment an the moment.
So I seen we've climbed overall from around $400 to $600 with bitcoin, then stopped at around $600. If it repeats, then we should be at $800 soon enough.
No...
As adoption by companies goes up the supply of places to use BTC goes up. As users of BTC go up the demand goes up. Right now we are in a massive company sweep, where more and more companies are accepting BTC. The "supply" of companies accepting BTC is far outweighing the "demand" for using said BTC.
In other words when looking at a rough supply/demand chart, US, the PEOPLE, are the demand. The companies are the supply. There is TOO MUCH supply coming in vs demand coming in, to make the price go up right now.
That is the most simplistic I can explain that. I vote to sticky this please so we can stop talking about it until tons of people are using btc. k thx.
Lol, What you've said truly makes no sense....Do you know how this all even works?
Ok, I'll give you the run down.
Someone buys Bitcoin
They use that Bitcoin to buy something on Overstock.com
Overstock sells the bitcoin for usd after that Person has bought w/e
There, The person buying the bitcoin, and Overstock selling the bitcoin cancel each other out, so it has No effect on the price. Learn how markets move sir. Then you have to factor in the newcomers, coming in and buying bitcoin because they heard/saw on tv that another company is accepting bitcoin(dell, expedia etc etc). That causes the price to Rise.
PS: I loled when you said the companies coming in are the Supply, please go RESEARCH before making stupid comments, thanks.
So I seen we've climbed overall from around $400 to $600 with bitcoin, then stopped at around $600. If it repeats, then we should be at $800 soon enough.
No...
As adoption by companies goes up the supply of places to use BTC goes up. As users of BTC go up the demand goes up. Right now we are in a massive company sweep, where more and more companies are accepting BTC. The "supply" of companies accepting BTC is far outweighing the "demand" for using said BTC.
In other words when looking at a rough supply/demand chart, US, the PEOPLE, are the demand. The companies are the supply. There is TOO MUCH supply coming in vs demand coming in, to make the price go up right now.
That is the most simplistic I can explain that. I vote to sticky this please so we can stop talking about it until tons of people are using btc. k thx.
So I seen we've climbed overall from around $400 to $600 with bitcoin, then stopped at around $600. If it repeats, then we should be at $800 soon enough.
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