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Topic: Bitcoin Value - page 2. (Read 2243 times)

newbie
Activity: 14
Merit: 0
April 08, 2012, 07:38:43 PM
#15
How is it capped. Has the inventor set a limit or something? Sorry I am new to this.
The number of bitcoins produced is set in the code of the software. There will never be more than 21 million. And welcome fellow peer! Smiley

I can see the difference between bitcoins and real physical currency being the cap. Had no idea about this until i read this post. Does not surprise me that there would be a cap.
newbie
Activity: 14
Merit: 0
April 08, 2012, 10:52:57 AM
#14
theoretically, the demand for BTC will increase, because of so many new services available.

also, theoretically, the offer of BTC will decrease, as there is only a limited quantity of them around.

i believe as the deadline of 21 million will come closer, the value of the BTC will increase.

But, if the market for trading in bitcoins matures, banking with balances denominated in bitcoins will likely become available. In that case, why couldn't the supply of bitcoin-denominated money expand?
donator
Activity: 112
Merit: 10
keybase.io/arblarg
April 08, 2012, 10:35:06 AM
#13
theoretically, the demand for BTC will increase, because of so many new services available.

also, theoretically, the offer of BTC will decrease, as there is only a limited quantity of them around.

i believe as the deadline of 21 million will come closer, the value of the BTC will increase.
legendary
Activity: 1050
Merit: 1000
You are WRONG!
April 08, 2012, 09:32:11 AM
#12
I just hope they don't start shooting up and down in value like they did..
oh it will. up and down many times...

You think so? When do you think we can start to see this?
And what a the major things that cause this to happen?
i think so. it will happen at "sometime"
about the next major thing, well i don't know.

but if you look at this(http://bitcoincharts.com/charts/mtgoxUSD#igDailyztgCzm1g10zm2g25zvzl), bitcoin have been stable and boring at least 3 times before this time, around SEP 10, MAR 11, JUL 11.
legendary
Activity: 2324
Merit: 1125
April 08, 2012, 09:21:32 AM
#11
Every market does.

Example, the Dow http://finance.yahoo.com/q/bc?s=^DJI+Basic+Chart&t=my
newbie
Activity: 56
Merit: 0
April 08, 2012, 08:51:08 AM
#10
I just hope they don't start shooting up and down in value like they did..
oh it will. up and down many times...

You think so? When do you think we can start to see this?
And what a the major things that cause this to happen?
legendary
Activity: 1050
Merit: 1000
You are WRONG!
April 07, 2012, 01:14:56 PM
#9
I just hope they don't start shooting up and down in value like they did..
oh it will. up and down many times...
newbie
Activity: 56
Merit: 0
April 07, 2012, 01:06:34 PM
#8
I just hope they don't start shooting up and down in value like they did..
newbie
Activity: 13
Merit: 0
April 06, 2012, 08:09:01 PM
#7
Im new to bitcoin. I know the market fell last year but will the value of bitcoins start to rise again? And will bitcoins ever run out?
The value of Bitcoin is based on a score of variables, the market fell because of a speculation bubble. The current value is thought to be much more representative of the real worth of a Bitcoin. As more services appear and Bitcoin becomes more appealing to the public, the value should rise.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
April 06, 2012, 06:08:40 PM
#6
How is it capped. Has the inventor set a limit or something? Sorry I am new to this.
The number of bitcoins produced is set in the code of the software. There will never be more than 21 million. And welcome fellow peer! Smiley
copper member
Activity: 36
Merit: 0
April 06, 2012, 05:58:54 PM
#5
Thanks!
legendary
Activity: 1834
Merit: 1020
April 06, 2012, 05:45:40 PM
#4
Im new to bitcoin. I know the market fell last year but will the value of bitcoins start to rise again? And will bitcoins ever run out?

Welcome Smiley
copper member
Activity: 36
Merit: 0
April 06, 2012, 05:45:16 PM
#3
How is it capped. Has the inventor set a limit or something? Sorry I am new to this.
full member
Activity: 141
Merit: 100
April 06, 2012, 05:33:38 PM
#2
total bitcoin production is capped at 21 million, we are presently close to 9 million in supply and production is around 50 bitcoin every 10 minutes, but will be reduced to 25 every 10 minutes in the fall of this year. If the demand for bitcoin is greater than the supply than the price will rise, depending the scale of demand the price of a single bitcoin to rise into the thousands of dollars range or go beyond.
copper member
Activity: 36
Merit: 0
April 06, 2012, 05:24:21 PM
#1
Im new to bitcoin. I know the market fell last year but will the value of bitcoins start to rise again? And will bitcoins ever run out?
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