If you go back and count from the beginning, you'll notice that the price has increased with adoption... how do you explain the first few years? It was worth only a fraction of a cent and now it's over $260.
Everyone seems to be using arbitrary starting points that support their ideas.
Topic: More Bitcoin adoption = lower Bitcoin/Usd rate! - page 4. (Read 4630 times)
you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
Hence when something with real market depth appears fake Chinese exchanges will entirely cease to have any meaningful push or pull on the exchange price.
A new liquid ETF or a regulated US exchange are my bets.
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
Well I was part of the camp that increasing Bitcoin adoption is a good thing in the long run but the conversions to FIAT immediately on any purchase keeps driving the price down as people do not hold Bitcoin for value
Until we switch from that turning point the price is pretty much stuck in a downtrend but as for how long that will take I expect it to end in 2015 although we haven't started off that well yet.
you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
The fact that the daily volume is a small portion of the market cap is irrelevant. Price does reflect what people are willing to pay.
You are off your rocker as far I'm concerned when you say the exchange price is somehow fake.
x2. Value is derived from demand. Demand for bitcoin is suggested from buy sell orders. If the merchant adoption was on par with consumer adoption or mainstream adoption for other purposes, the price would rise. I see a whole bunch of merchants accepting it, and a whole bunch of already bitcoin holders spending it.
you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
because the indicator you all only see is the price. and this price is so fake you dont realise it.
I agree!
Quote
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
I'm glad they don't move more volume of unique coins. If there were 13 million BTC on the ask side of exchanges, the real price would be $10.
finex has around $20 million in USD swaps. That's good for $1.53/BTC. Even if they had 50 million Dollars it only brings it up to $3.84 so $10 might be a little generous.
merchants dumping is good to help prevent bubbles. You greedy bastards just whine because you don't get a bubble now.
1 BTC=1 ozt 99.9% gold
That brings it back up to the ATH.
That brings it back up to the ATH.
Yeah LOL, when Bitcoin was going up everyone was quoting the exchange rate, now that it is down somehow it is less indicative. Haha. I wish Bitcoin was valued in terms of something other then USD, but so far I haven't thought of anything else.
Exchange rates are currently the best indicator we have of the fiat value of BTC. During extreme bull markets people do tend to overpay (with cash) at localbitcoins.
you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
Exchange rates are currently the best indicator we have of the fiat value of BTC. During extreme bull markets people do tend to overpay (with cash) at localbitcoins.
I can't see a relation between that facts
indeed, in the early years it has been the opposite
indeed, in the early years it has been the opposite
you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
Exchange rates are currently the best indicator we have of the fiat value of BTC. During extreme bull markets people do tend to overpay (with cash) at localbitcoins.
I think what more we see altcoin scams and altcoins what anyone no need, that more bitcoin price drop. They want only fiat and dump stealed btc away instantly.
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you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
The fact that the daily volume is a small portion of the market cap is irrelevant. Price does reflect what people are willing to pay.
You are off your rocker as far I'm concerned when you say the exchange price is somehow fake.
you cannot make any assuptions on true demand or true supply. or true value...
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
because the indicator you all only see is the price. and this price is so fake you dont realise it.
just look at the exchanges. they are not moving 13million coins. they are not even moving 1.3 million coins. they are not even moving 130k coins...
the exchanges are moving less than 1% of the market cap. infact its less than 1 tenth of a percent. so trying to link exchange movements to proper market trends of the whole 13million coins is utterly obsurd!!
open your eyes people, the exchanges should not be the value bases of bitcoin
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.
There is no reason for the demand to increase unless the merchants provide discount enough for the customers to try and get Bitcoins. Usually, fiat works as well for the customer to buy their products.
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.
Which creates a surplus which creates the drop in price.
Also other brokerages that allow buying and selling Bitcoin on margin are not helping either. It just creates excessive volatility that is only good for speculation.
At some point, businesses insta-dumping will drop the exchange rate so low that they should start hoarding it and setting the rate themselves by reselling their own BTC at a massive profit.
At some point, businesses insta-dumping will drop the exchange rate so low that they should start hoarding it and setting the rate themselves by reselling their own BTC at a massive profit.
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.
There is no reason for the demand to increase unless the merchants provide discount enough for the customers to try and get Bitcoins. Usually, fiat works as well for the customer to buy their products.
Yes, definitely... Pretty much everything (except people who buy and hold Bitcoin) creates downward pressure on BTC value right now. Even Bitcoin debit cards have to be converted to fiat in order to be useful. This is going to be long and organic process till we no longer need to value Bitcoin in fiat, and Bitcoin will stand on it's own merit.
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.
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