Topic: Bitcoin’s Value Is Increasing Despite Price Instability (Read 1487 times)

It dpends on how you use Bitcoin.

ACtually depends on who looks at it. Some people relating the price with its value think the opposite, which is probably the wrong mindset.

The supply is mathematically limited, and has decreasing inflation every reward halving.

Put simply, if demand continues to grow, the value can only eventually go up, because supply will slow to a trickle, and then stop increasing permanently.

then what if mine had run out, bitcoin will increase

Use value YES
Speculative value...not difficult to guess.

Not completely.
In business world, value and price are not always on the same level.
Sometimes people can react very emotionally in market and sell shares from some very good company for very low price.
Smart people know that when price of share is low, this is perfect time to buy it, not sell.
They sell only when price is high.
If value of some company, its assets, is high, price will eventually grow again, soon or later.
I think that we will soon see the same scenario for BTC so now is very good time to buy BTC, not to sell.
 

and then a bit later difficulty goes down....and say with a price of 150 or 100 usd ..the big data farms have to shut down (like they did with cloud mining)
due to costs....and yipiee skippie i can fire up my knc jupiter 565gh miner again and mine at an elec loss lots of bitcoin on it again on the 'hopeful' bounce
back from the dead in price etc that bitcoin has done in the past

(if knc miners went belly up for overextension due to this and then bitcoin came back slower/longer diff curve and more decentralized after the fact I
could deal with that)

but again that begs the question would btc come back at less then 100 usd coin in the adoption arena and infrastructure in the future for apps/use and
adoption with that big a hit or would it die on the vine

me ...I'm holding and hoping ...price goes up and slow growth beyond 220 usd from here on...but if not ..then difficulty will reflect such and I'll mine
more coin (at the usual elec loss) and hope for another bitcoin bounce from the dead like it has done in the past.....

like Vegas I've  placed my bet...will ride it out...but something like sub par 100 usd btc would really hurt the large farms....like the current price has
killed cloud mining ....with their temp shutdown so some sites say......the sub 100 usd price would likely shut down over extended data halls unless they too
make the long bet and just mine like hell at a $$$$ loss elec wise vs btc price...but more then likely they would also
just slow/shut down till price came back on a hope and a prayer

so them's the plays i guess crash and burn or rise and climb never a dull moment with bitcoin!

my 2c worth (bitcoin/alts are mysterious to me!)
 

Well the value basically depends on the demand and adoption. If there isn't one, then prices do drop.

No, no, you don't understand mining at all. The price of Bitcoin drives mining activity and difficulty, not the other way round. All miners are competing for a fixed size block of coins. The cost of mining a Bitcoin for the most efficient players will always be below its price, or the miners will drop out. This does not work like other commodities, where an increase in price causes an increase in production.

Are you high? Maybe you are.

Have you seen the recent news?

If not.. Then read again.

They just can't understand anything out of the centralized power system they serve, and if they do, will try to undermine it.

Make up your mind.  Does it matter if it was faked?  Are fake trades any different than real trades from real people?  I think it matters.  Plenty of people think BTC is worth $1000, but there aren't enough of them and they don't have enough money to buy all the BTC in the world.  Yet.

No but gox was the biggest exchange at the time and the price was due to artificial inflation and it had a knock on effect. It doesn't matter what 'real' people believed it was worth. The volume and trades were still faked and the collapse happend and now we see likely what is its true price.

MtGox wasn't the only exchange, and the bots weren't the only ones trading.  Therefore, plenty of real people believed that it was worth $1000, and they willingly paid that much for it.

If you read my post again, you will see why the price isn't quite as high now.  Today, you can mine a bitcoin for $200.  In the future, it will cost over $1000 to mine a bitcoin.  So people paid $1000, because it will be worth more than that in the future.  But other people sold for $200, because they can make money doing that today. 

Didn't it go to 1k because of fake insider trading on mt.gox? If this was true the price should still be high because bitcoin still has massive future potential value.

For me, I'll put aside price stability. In fact you can't do anything on that as speculation and trading are bound to take place. Instead measure the "value" based on the level of adoption and acceptance among the people. I'm more concerned on that than anything else. It's the fundamental that actually sets things right.

learn more about BTC and you will understand it

They seem to be confusing the divisibility of Bitcoin with the supply.... Cheez.

They always get it wrong. I've seen lots of new reporters saying bitcoin has an unlimited supply value lol.

The value (usefulness or adoption) is increasing, however the price is dropping, has stablized recently.