The price won't continue to rise if nobody is selling, it's idiocy to assume this.
What will happen is people will stop buying.
There's only one thing that follows this and it's not 'to the moon' or 'trending to infinity' as I've read on these forums from some people - it will crash and crash hard.
Topic: Exchanges drying up, effect? - page 2. (Read 2706 times)
I think current price already reflects the low supply of coins.
For me the current historical low supply of coins confirms price is already historically high.
Sure it can get worse, but chances are higher it will get better.
For me the current historical low supply of coins confirms price is already historically high.
Sure it can get worse, but chances are higher it will get better.
Chances are that the greed of the few will result in a bad name for Bitcoin IMO ... this rally is purely 'tape painting' by the wealthy designed to sheer a few more sheep
Show me a real BTC economy and I might change my mind
Until then I see FUD eveywhere
Crash incoming ... from what level I do not know, but it's coming, and it is being driven by the big holders of BTC looking after their own interests, not those of BTC. Same shit, different bucket.
Someone has been stocking up on bitcoins with no indication of selling them. Add to that the fact that there are probably a lot more hoarders than speculators and the shortages on the exchanges aren't surprising. As Bitcoin infrastructure improves and adoption increases, demand will further increase.
If these coins have left circulation for a while, the price shouldn't fall in a hurry. Is it another Winklevoss-style buy-and-stash? An infrastructure business that needs an inventory?
Or is it someone who will pump coins into the next bubble to cash in when it pops?
If these coins have left circulation for a while, the price shouldn't fall in a hurry. Is it another Winklevoss-style buy-and-stash? An infrastructure business that needs an inventory?
Or is it someone who will pump coins into the next bubble to cash in when it pops?
I think current price already reflects the low supply of coins.
For me the current historical low supply of coins confirms price is already historically high.
Sure it can get worse, but chances are higher it will get better.
For me the current historical low supply of coins confirms price is already historically high.
Sure it can get worse, but chances are higher it will get better.
Chances are that the greed of the few will result in a bad name for Bitcoin IMO ... this rally is purely 'tape painting' by the wealthy designed to sheer a few more sheep
Show me a real BTC economy and I might change my mind
Until then I see FUD eveywhere
Crash incoming ... from what level I do not know, but it's coming, and it is being driven by the big holders of BTC looking after their own interests, not those of BTC. Same shit, different bucket.
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This bull will try to shake you off. Hold tight!
I think current price already reflects the low supply of coins.
For me the current historical low supply of coins confirms price is already historically high.
Sure it can get worse, but chances are higher it will get better.
For me the current historical low supply of coins confirms price is already historically high.
Sure it can get worse, but chances are higher it will get better.
Exchanges aren't the entire market. I've moved to doing in-person exchanges while Gox USD withdrawals have been on hiatus. Gives me a chance to meet people, too.
I think there are a good few others in the same boat, though I'm sure it's nothing like the total volume Gox used to have. Never heard of "price discovery" in one-on-one BTC transactions, though. There always seems to be an infinite supply and demand at the exchange rate (though probably not Gox, anymore). Given that, an increase of price on btc-e or BitStamp probably has the same effect movement on Gox had when its pricing was used.
I think there are a good few others in the same boat, though I'm sure it's nothing like the total volume Gox used to have. Never heard of "price discovery" in one-on-one BTC transactions, though. There always seems to be an infinite supply and demand at the exchange rate (though probably not Gox, anymore). Given that, an increase of price on btc-e or BitStamp probably has the same effect movement on Gox had when its pricing was used.
Looks like bitcoins are scarce. :-) It will harder and harder to buy single ONE.
Effect: Price goes up and more people want to sell at the higher price.
Look at the chart at the bottom of this page: http://blockchained.com/
Look at the chart at the bottom of this page: http://blockchained.com/
All of the exchanges on Bitcoinity that are listed under USD together have fewer Bitcoins for sale than 60k. In recent memory I know that I have seen more than twice that for sale on Gox alone.
With exchanges closing and fewer and fewer coins available on the market I believe there will soon be a preposterous spike in the exchange rate for BTC as the market reacts to the lack of supply.
The market depth on Gox:
With exchanges closing and fewer and fewer coins available on the market I believe there will soon be a preposterous spike in the exchange rate for BTC as the market reacts to the lack of supply.
The market depth on Gox:
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