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Topic: Price of Bitcoin depends on what people are willing to sell for (Read 1061 times)

member
Activity: 113
Merit: 10

If everyone login to their mtgox or coinbase account and sell each coin for $10000. Then Bitcoin is worth $10000 per bitcoin.

Bottom line is you cannot get a Bitcoin, if no one is willing to sell it to you.

Quick everyone sell their coin for $10000.
hero member
Activity: 492
Merit: 503
Good God. Really? I can see why the Illuminati keep trying to silence you.
legendary
Activity: 1582
Merit: 1000
The price of a Bitcoin depends on what people are willing to sell it for.
To get Bitcoin you have to mine them. The Bitcoin mining difficulty is too high. Therefore, it's more rare.
As long as no one is selling Bitcoin, then the value of Bitcoin can be worth over $10,000.

Here's the real secret about Bitcoin that most people don't know.
If everyone login to their mtgox or coinbase account and sell each coin for $1. Then Bitcoin is worth $1 per bitcoin.
If everyone login to their mtgox or coinbase account and sell each coin for $1000. Then Bitcoin is worth $1000 per bitcoin.
If everyone login to their mtgox or coinbase account and sell each coin for $10000. Then Bitcoin is worth $10000 per bitcoin.

Bottom line is you cannot get a Bitcoin, if no one is willing to sell it to you.
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