Incidentally, the author has not worded it well when he says
Quote
Today, the maximum amount of bitcoin available is 21 million,
This will eventually be the maximum ever but today there are only less than 14 million.
Topic: Bitcoin’s Value Is Increasing Despite Price Instability - page 2. (Read 1487 times)
In the sense that value = usefulness and similar qualities then yes, Bitcoin's value continues to increase as more places accept it week by week. Over the longer term it will continues to increase in financial terms also. I've said it about Litecoin and the same applies to Bitcoin that I'm pretty sure we've recently reached the bottom and the only way is up now.
Incidentally, the author has not worded it well when he says
Incidentally, the author has not worded it well when he says
We are talking about a mega experimental project so forget about the price for now.
The price went to $1000 because people started realizing Bitcoin's future value. When more people use Bitcoin, and when the block reward halves, it will cost more to mine and it will be harder and more expensive to get. So they started paying the future price. It will still be worth that in the future, but other people started realizing that it's not quite there yet.
And some people suspect that the price is being held down by exchanges selling more BTC than they have, using a fractional reserve, so that there are more BTC available on market than actually exist. If the supply is artificially increased that way, it keeps the price down.
And some people suspect that the price is being held down by exchanges selling more BTC than they have, using a fractional reserve, so that there are more BTC available on market than actually exist. If the supply is artificially increased that way, it keeps the price down.
the problem is BTC is crypto and existing only in the form of digital. There is no many practical applications yet. The intrinsic value is difficult to measure and the moving price is usually drived by speculation.
If something is high in value should also be high in price.
Am I right?
Am I right?
For a short span like 1-2 year, you are wrong.
I am really sorry but I just couldnt believe this.
Bitcoin's value increasing?
Bitcoin's value increasing? maybe the author is hiding in the moon.
Since the last quarter of last year until now, Bitcoin's value is decreasing (so as its price). If something is high in value should also be high in price.
Am I right?
Bitcoin's value increasing?
Bitcoin's value increasing? maybe the author is hiding in the moon.
Since the last quarter of last year until now, Bitcoin's value is decreasing (so as its price). If something is high in value should also be high in price.
Am I right?
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