How to split bitcoins price? - page 2.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Eh, that wouldn't just happen in an asset with a very limited supply imo.

Quote from: moneybat on September 24, 2015, 05:41:03 AM

Sort of like what microsoft did

Basically your bitcoins will double with each split while the price is maintained at comfortable prices

You can't do what MIcrosoft did to their stocks in Bitcoin. Bitcoin isn't privately held by a company, so no such thing like this could be applied in bitcoin, ever.

Quote from: turvarya on September 24, 2015, 05:59:22 AM

To put it simple: Bitcoin is not a stock.
With a stock, there are certain rights, that you buy with the stock. As far as I know, people also don't always think in: How many stocks do I own(absolute numbers), but what is my share on the company(percentage). So, there might be the purpose of splitting the influence on a company by splitting stocks.
With Bitcoin there is just Bitcoin. The only purpose, I see for what you are proposing, is speculation. So, please go to the speculation section.(besides what you are proposing will never happen anyways)

Just this alone explains why it wouldn't happen ever.

turvarya

hero member

Activity: 714

Merit: 500

To put it simple: Bitcoin is not a stock.
With a stock, there are certain rights, that you buy with the stock. As far as I know, people also don't always think in: How many stocks do I own(absolute numbers), but what is my share on the company(percentage). So, there might be the purpose of splitting the influence on a company by splitting stocks.
With Bitcoin there is just Bitcoin. The only purpose, I see for what you are proposing, is speculation. So, please go to the speculation section.(besides what you are proposing will never happen anyways)

BlockChainLottery

sr. member

Activity: 332

Merit: 250

AwesomeDice.net

That's why they came up with mBTC, uBTC, and satoshi. The whole point is to have a limited amount of BTC in the end, namely 21 million. Randomly split them would confuse many new users, so not very desirable.

moneybat

full member

Activity: 239

Merit: 101

Sort of like what microsoft did

Basically your bitcoins will double with each split while the price is maintained at comfortable prices

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

What are you exactly talking about? Do you want people to calculate the price in smaller units such as mBTC or Satoshi? This would not make me want to buy more at all and might even complicate it more for some people. There are many ways in which Bitcoin can be divided.

moneybat

full member

Activity: 239

Merit: 101

Like in the stock market? Psychologically people are more likely to buy if the price is lesser (ex. a 3 to 1 split turns btc from $230 to $80), and there would be no affect in the current value.

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