If it keep happen, bitcoin price will be decreasing over time
We should find solution, so they use their bitcoin instead sell it
Topic: More Bitcoin adoption = lower Bitcoin/Usd rate! (Read 4590 times)
It happen because some people keep sell their bitcoin after got profit
If it keep happen, bitcoin price will be decreasing over time
We should find solution, so they use their bitcoin instead sell it
If it keep happen, bitcoin price will be decreasing over time
We should find solution, so they use their bitcoin instead sell it
It needs to be easier for people to make decent part-time income from BTC, since full-time money would (probably/mostly) get converted to fiat. If "millions" of people can make ~10% to 25% of their income from BTC, then they would be likely to save it or spend, and not convert to paper cash.
which would make lives of millions much easier
I wrote this article when the exchange rate was @ 800, look where we are today. Those large retailers are not holding their BTC. They are dumping it on the market!
I think that the more Bitcoin will be adopted, the bigger the price should be because Demand will increase.
I wrote this early 2014 and I think it is still relevant. The more adoption we see the lower Bitcoin/Usd will go!
http://razorsforex.blogspot.com/2014/02/bitcoin-adoption-bitcoin-price-stability.html
http://razorsforex.blogspot.com/2014/02/bitcoin-adoption-bitcoin-price-stability.html
I think that the more Bitcoin will be adopted, the bigger the price should be because Demand will increase.
That's not adoption.
Merchant acceptance is the first step, it paves the way so that bitcoin users can convert all their fiat money spending into bitcoin spending, that will generate huge demand on market and raise bitcoin's value.
People have not really understand the real potential behind merchant adoption
An easy way to make bitcoin worth millions of dollars
People have not really understand the real potential behind merchant adoption
An easy way to make bitcoin worth millions of dollars
@OP, your comments are extremely result oriented. Just because the result is as predicted, doesn#t make the assumption right.
correlation=/= causation.
As RodeoX said, MTgox and other factors led to a price that was substantially inflated, we now saw the retraction to the price that was more inline with the supply/demand.
correlation=/= causation.
As RodeoX said, MTgox and other factors led to a price that was substantially inflated, we now saw the retraction to the price that was more inline with the supply/demand.
I don't know, I just thought we should be more positive trying to look at things. If we decided to bar and prevent everybody from using bitcoin and tell retailers, merchants or whoever that is going to use bitcoin to stop accepting it, I don't think that wouldn't help as well. For it to grow as a currency, we will need transactions to be constantly moving. that would be much better rather than just having it as an investment tool
Greater demand?? so why aren't we at $1000 per coin? Or even $10,000 if there is such great demand? All the major retailers are converting their bitcoin to usd immediately through BitPay and the likes. Even governments are considering only accepting Bitcoin through third party payment processors.
Why are we at $250.00? I don't know how you can arrive at this conclusion? It flies in the face of basic math and the history anyone can see. I began using bitcoin when they were $0.70 or so. Since then they have gone up thousands and thousands of % points and have been adopted by millions. Clearly and mathematically provably..., greater demand leads to higher prices.
Because that is about the logical price based on adoption. The $1000 bitcoin was based on speculators guess about future prices. It is quite normal for speculation to shoot the price up to silly heights then fall back to reality. So the reason why it's not higher is because that higher price is not justified. $250 is what the market says is the right balance between supply and demand. It's not an opinion, the market is the result of actual action.
As far as retailers not holding their coins. Well, that would be irresponsible, stupid, and possibly illegal for some publicly traded businesses. They have a fiduciary responsibility to not act foolishly with investor money. The way to mitigate this is by using a payment processor. It may keep the price suppressed a bit, but they are not interested in our ideas about price.
I have owned several companies and the best advice I ever received is that, no matter what your business is your job is to make money. Everything else is noise. If your main focus is something other than making money you will not be in business long.
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold
Assuming that you mean Gold, I don't consider this as a great idea. The way FIAT is handled allows some certain flexibility. Can you imagine how long it would take for orders to clear if bitcoin was valued according to a XBT/GOLD rate?
Greater demand?? so why aren't we at $1000 per coin? Or even $10,000 if there is such great demand? All the major retailers are converting their bitcoin to usd immediately through BitPay and the likes. Even governments are considering only accepting Bitcoin through third party payment processors.
I don't know how you can arrive at this conclusion? It flies in the face of basic math and the history anyone can see. I began using bitcoin when they were $0.70 or so. Since then they have gone up thousands and thousands of % points and have been adopted by millions. Clearly and mathematically provably..., greater demand leads to higher prices.
I don't know how you can arrive at this conclusion? It flies in the face of basic math and the history anyone can see. I began using bitcoin when they were $0.70 or so. Since then they have gone up thousands and thousands of % points and have been adopted by millions. Clearly and mathematically provably..., greater demand leads to higher prices.
its because new users havent come abord as fast as new retailers have. word is getting out, just verrry slowly
well it wemnt up but now going down again
concur.
Cold?? what do you mean?
How about cold
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold
He probably meant Gold... However, I would not be surprised if Gold and other precious metals were pegged against Bitcoin at the end, and not the way around.
Cold?? what do you mean?
How about cold
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
How about cold
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
Logarithmic: http://pricedingold.com/charts/BTC-2010.pdf
Linear: http://pricedingold.com/charts/BTC-2010-lin.pdf
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
A Big Mac.
I think if Bitcoin can be valued against something other than fiat we can start making progress. Anyone got any ideas?
bad idea coffee holds its value well. Grapes. Grapes and vape pens.
If you read #2 in my post above, you'll see that I have already taken my original fiat investment out, so I am currently even, with a few digital tokens to boot!
Only Bitcoiners think that breaking even = making money. Breaking even is not making money. So now you know.
Even (in fiat value) in a down market is effectively making money as your purchasing power goes up. Depends on the angle you take.
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