Hey Everyone,
Anyways... because of BTC limited number of 21 million, could we be entering a supply/demand market? In other words, as we near its cap, could the price be driven strictly on supply and demand? Cause if so, I have a lot of faith in that.
Anyways... because of BTC limited number of 21 million, could we be entering a supply/demand market? In other words, as we near its cap, could the price be driven strictly on supply and demand? Cause if so, I have a lot of faith in that.
Prices are ALWAYS determined by supply and demand. LOL.
Yeah, apart from supply and demand, there isn't much else ........
There isn't a limit of 21m bitcoins btw. Its divisible by 8 decimal points. You can own 0.1 bitcoins quite happily and buy stuff.
I want to know what everyone else wants to know... what could the future worth be of BTC/LTC ?... especially now, as we speak, the BTC is taking a fairly big drop. Currently sitting around $560. I understand in the lifecycle of BTC, there's going to be ups and downs, and I believe we could be entering one (down).....Entering the end of the xmas shopping season/slow period and the Chinese somewhat declining BTC. However, I should state... I have a lot of confidence in BTC for several reasons... aside from it just making sense to me and a non centralized currency for the people... but another big one is it's use in shady areas of business. Not saying I support or participate... but when I think about it... a currency that has anonymity.... there will be and is a demand for that! I don't support those industries at all, but good things have come from illicit industries. DVD's would never have existed if it wasn't for the porn industry!