Topic: Does Circulating Supply have a say on how high the price will go? (Read 136 times)

I don't like this thing called "day treading" I am not Charlie from wall street! Day trading it's like a wannabe stock broker from home thinking he is going to make million bucks. I'm pretty comfy at my $150k - $200k a year profits from online and working on other projects. This stuff isn't something I could say "hey this year I wanna hit $350k"  At least with products you can do that. Then got to worry about competition but always things you can do.

Yeah I'd have to follow this stuff like a religion to be honest. It's like a new thing to learn in life, if worth it or not you know?

It's certainly possible. You have to recognize that there is a massive difference between the total supply (or whatever "circulating supply" is listed on Coinmarketcap) and the supply on the exchange market.

That 38.7B isn't particularly meaningful. Earlier this month, Ripple Labs placed 55 billion XRP in a cryptographically-secured escrow account for "supply predictability." This was just a marketing gimmick to pump the market. "Look, everyone! Half the supply is now off the market. The price should at least double now!"

But those 55 billion XRP were never on the market anyway. What happened recently is that demand spiked into a thinly traded market. The recent 4-5x price increase is due to the fact that there are much, much less than 38.7B on the market. In a bull market, the whales remove remove supply from the order book, letting retail investors pile in at high prices.


If you want to be ahead of the learning curve in crypto, you should plan on devoting multiple hours a day to researching the tech, as well as market structures and sentiment. I believe this knowledge will be invaluable in the coming years as adoption increases. I generally think that newbies should stay away from day trading. Longer term holds tend to be more profitable and less frustrating to inexperienced traders.

Ghost, all of the cryptocurrencies mentioned have a limited supply. So your statement doesn't really prove that there should be more demand for Bitcoin than any of the other cryptocurrencies.

I'm happy to keep talking about it with you!

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I'm confused with your comment here. You say there are 16.9 million [bitcoin] currently in circulation and then say that there are less than 10 million [bitcoin] currently in circulation.

There are 16.9 million bitcoin that have been mined. All of them are in circulation because all of those 16.9 million have been mined. There might be 1 million or so that are lost in wallets, never to be transacted again...but that still means they're in circulation.

Well seems like the seniors on this site have a lot of info along with exp on this topic here with Bitcoins.

Yeah TV media just does make it popular just yesterday I was wondering if they will bash the coin and they so did. Half the sheep said "Thank god I never invested in something that's not real" And a very small group of people even stated that "From where it was Jan 1st and where it's at today, it's doing pretty good." Some even mentioned the patners but you know how the sheeps are.

So you want me to do the math for these huh?

I really think if Dash was on the news it would so so well. I can see it's the 2nd most popular one right after bitcoin in the search for "Dash Coin". It has very little compared to most. The price is up there. I did read an article about the $250M scam with mining Dash. But this was only in the crypto news, if it made real TV news then it be another story.

For the math, I would need a few things, the amount of coins at the time of certain dates, along with news media articles from like CNN, and other real channels on TV stations across the country. But I could be wrong.

I wonder if all the platforms shown on coinmarketcap are very up to date. I see a spam of $300 difference for Dash. No idea if other platforms have it differently or not. It must be a slow thing on the servers to update.

Long run I believe BTC will do super well. Just need it to bounce back up and hit another record to make it on TV/news again. 

And thank you for the kind words, means a lot.

You don't have to be senior on here to have wisdom about how things work. You've demonstrated you know how things work!

Your point above is spot on. And it's the being on TV news or hitting a new record high or the endorsement of Bitcoin by the President of Belarus or the China declaring that bitcoin exchanges are illegal that influences demand...positively or negatively.

You should look at the major currencies, with their coin supply and then compare prices to come up with a comparative ratio that shows if crypto prices are under or over valued based on coins supply.

So there will be more of a demand for Bitcoin since it's limited as for how many will be around until 2140. We won't be around till then, that's for sure. Who knows what might come out or what new trend might be out there when it does come out. Things changed very quickly in the last 20 years. So for another 122 years it will be changed a lot for sure. There will for sure be a demand for it now even more for those who know about the informatoin as you do there dothebeats.

If everyone knew about the 2140 and so on, there would be a larger demand on it I believe. Not everyone looks at the charts for how many coins there are they just look at the price charts.  See someone who lives and breathes it for the last 3 years is just what I needed.

Yes that's what I figured out last night by looking at charts on the supply and lower the price as you just said. It feels good to hear this from people with high posts as they got so much information and more exp in the field. I love it when I am right, when thinking about it.

I always say, supply & demand + being on TV news about another "record high" will draw lot of it to sky rocket it up even more, for all the newer investors who want in on it as well.  Back in May when I would keep seeing people talk about other coins and on youtube video comments the popular ones that is for them. They did very well today. It's like a search in popularity among those users.

Yeah I did look at Litecoin as well.

Looking at the amount of coins each of those have, I honestly think Dash might take off in a way. For being popular as well.

Coin name, price, coin amount, google search (done off of a Canadian IP address search). Note all searches had the word of the name of the coin + coin "Dash Coin" "Ethereum Coin" But litecoin and bitcoin didn't. Just me being a nerd sorry.

bitcoin        15370 16.7m   search on google 296m
Dash            1343 7.7m     search on google 22.6m
Ethereum       754 96.5m   search on google 7.7m
litecoin          305  54.4m   search on google 16.2m
Ripple          1.19   38.7B   search on google 10.7m
Verge             .21  14.4B   search on google 881k
Tron             .042  65.7B   search on google 1m

Also noticed people who don't have the money for Bitcoin, or the more expensive ones go for the lesser ones they can afford.

As for the case of bitcoin, I might say that the supply isn't really dictating the price nowadays but the demand from people all over the world. The supply is ever increasing every time a block is found, but the demand on the other hand is pretty hard on the buying side, causing some kind of price bumps. There are only 21 million bitcoins to be mined until 2140, 16.9 million are currently in circulation, 1 million of those are possibly lost in the void, and less than 10 million are in circulation. It's been like this for over 3 years now, but looking back, the price is not that extravagant compared to what it is today simply because demand is simply not there.

Yeah I remember back in May I did read a lot in the forums and those who had no money all talked about, Dash, Ripple, Ethereum, & Litecoin. So when you look back in May the prices of these were pretty much lower then what they are today. Dogecoin was one of them as well.

Right now I see Tron, and Verge going pretty good in the last week. I so wanted to get verge back in may like $100 worth of it. Would of been nice on the amount in dollar price today. I was thinking buy each coin under 1 cent for $100 and spent very little on them what's a $100?

Also if you ever got $100 of every coin that is on the top 1372 list that's $137.2k you would of been a billionaire by today. Lots of cash to be made here that's for sure. But the more you get into it, the more you end up learning about it. The hype part yeah I feel that. I also read last night those who started a coin, also did start other ones and they are the fathers of it etc. So no idea really.

Yes supply influences how high the price can go, but supply has a slowing effect on price growth. The greater the supply the lower the price, generally.

Comparing Bitcoin and Litecoin is perfect for this talk. Litecoin has 4 times as much supply possibel, 84 millin coins to Bitcoin's 21 million. Therefore, if Litecoin had the same demand as Bitcoin it's price should be 1/4th of Bitcoin's.

The thing that drives price  moreso than supply is demand. If there is no demand for a coin it won't have a high price at all. That's why you're seeing higher prices for coins with greater supply than coins wity the lower supply. The coins with lower supply have much lower demand.

Does this answer your question?

what price of an altcoin is, is not really that simple to say if it had X supply then it would be worth Y dollars. there are a lot of things that can affect that. from logical factors such a supply, the project itself, devs, adoption, ... to some illogical and weird things such as how much they hyped it up, how much they advertise it, which exchanges are listing it, is there easy wallets (light wallets and web wallets) available for it.

as for supply, they keyword that you should pay attention to is "circulating"! for example is 38.7B really circulating in the market or is it just a number of coins they have released but the real amount that is available in the market (to users) is a lot less?
i don't know much about ripple but i see it is not using the conventional methods of distribution such as mining reward, airdrops,... instead the company releases large amounts of the coin out of thin air whenever they want. for example they did it when XRP was at its highest this year.
or other coins have pre-mines where the devs own the majority of the coin but you see all of it as "circulating" whereas most of those coins never hit the market.

Some with a lot of exp in the field? Normally members with high posts have the most important things too say.

So looking and reading about Cryptocurrency. I was thinking the less Circulating Supply the higher the price but like dozen of them threw me off a bit here and there.

Is it possible for a few billion in "Circulating Supply" to even hit $10+? I know Ripple has 38.7B as of right now and at $1.17

But would the ones with more in Circulation that are around .00001 be able to ever hit a few dollars even? I know when BTC first came out it was like .0033 per BTC. But then again the supply of it is not in the billions but millions and at the time probably not too much but yet very new to the world.

Some have very little amount but yet the platforms it's being traded on is maybe not popular enough?

Starting too think I'm a bit too late to get into the game since the cheaper popular coins are at the top. But still not too late to get into it just might cost me a bit more.

I really like reading posts from members that have high post numbers. I've noticed those ones are very knowledgeable, more then just the avg person that's for sure.

I've also noticed every time BTC gets on the news, it creates popularity = demand in supply. For those 3 days it's going up! Then a slightly (lol) decline like today. Those saying it's people cashing out for Christmas etc for gift buying must of forgot there was no Christmas the other times it did this in the past. And how much gift buying you want to do for $15k to $20k? Let me know cause I'll be your friend. lol Those big whales I tell you.

It's the perfect time to jump off and sell it all, then all these newer people come on to buy it, and when it goes down with panic, best time to buy like today when it hit $11k but then sure is no way of finding hout how low it will go.

This is more like hours and countless hours of researching/reading. Also those doing day trade it's best for what? 1-2% then sell off? I'd be more of a long run type of person.

Thanks for reading and sorry for the grammar, English is not my first language.