To all people who defend the value of the BTC

mouser98

member

Activity: 70

Merit: 10

Quote from: orthzar on May 27, 2011, 12:09:34 PM

It sound like OP is asking if there is MtGox has enough Bitcoins to supply someone who asks (or demands) 24000 BTC.

At any rate, I see Bitcion as currently experiencing deflation, because even though the absolute supply is increasing exponentially, the price of Bitcoins is decreasing. Namely, the $:BTC ratio is increasing; I recall that a week ago the ratio was $7 to 1BTC, and now the ratio is something like $8.50 to 1BTC. Over the last week the price in Dollars has increased, and yet the supply has increased.

I think the Demand of Bitcoins will determine where Bitcoin goes for the next year, I think.

this is actually an example of inflation, not deflation. but it looks like it was short-lived.

realnowhereman

hero member

Activity: 504

Merit: 502

Quote from: benjamindees on May 27, 2011, 12:31:24 PM

You're assuming that you can just add up total supply and add up total demand and that they must be equal? Supply is tied to price. It's not like "oh these Bitcoins here, I'm using them so I can't sell them".

Supply is 30% higher, but at 77% higher price. So the price goes up, not down.

Supply always equals demand; with price the factor that changes to make this so. How could it be otherwise? Every supplier needs a customer.

There is no such thing as supply and demand; only supply at a cost, and demand at a price.

fadisaaida

member

Activity: 105

Merit: 10

lol seems i confused alot of you starting with myself

, my apologizes, maybe i was just pissed that i can buy BTC with the price of 1 week ago. next time i try to be more clear with my thoughts

benjamindees

legendary

Activity: 1330

Merit: 1000

You're assuming that you can just add up total supply and add up total demand and that they must be equal? Supply is tied to price. It's not like "oh these Bitcoins here, I'm using them so I can't sell them".

Supply is 30% higher, but at 77% higher price. So the price goes up, not down.

orthzar

newbie

Activity: 6

Merit: 0

It sound like OP is asking if there is MtGox has enough Bitcoins to supply someone who asks (or demands) 24000 BTC.

At any rate, I see Bitcion as currently experiencing deflation, because even though the absolute supply is increasing exponentially, the price of Bitcoins is decreasing. Namely, the $:BTC ratio is increasing; I recall that a week ago the ratio was $7 to 1BTC, and now the ratio is something like $8.50 to 1BTC. Over the last week the price in Dollars has increased, and yet the supply has increased.

I think the Demand of Bitcoins will determine where Bitcoin goes for the next year, I think.

db8393

newbie

Activity: 15

Merit: 0

If you are asking an mtgox question. There is a bigger incentive to list public Sell orders, and hide your buy order with a Dark buy order on MTGox.

If you were trying to buy BTC, you would hide your buy order just incase somebody was selling alot and the price hit your dark order. maybe you would get lucky and fill your order.

If you are trying to sell BTC, you would put it out there for everybody to see hoping somebody buys in a hurry because they want your BTC. With current history it does not make sense to dump a market sell because prices have been climbing for a few years. People that try to sell large market orders are probably trying to day trade and manipulate the price down so they can buy after the price moves down for a few days.

db8393

newbie

Activity: 15

Merit: 0

Maybe you could write a one sentence question and put a "?" on the end of your question.

db8393

newbie

Activity: 15

Merit: 0

The going price moves where supply = demand.

Right now supply is relatively fixed and the demand seems to be growing. This statement is based on the fact that the price is going up.

I think you might be asking a Mtgox related question, but I cant follow what you are asking.

silversurfer

member

Activity: 103

Merit: 10

You are reading too much into it.

fadisaaida

member

Activity: 105

Merit: 10

"Can't fill complete order!
Buy 31637.13 BTC for 321448.3 USD

Can't fill complete order!
Sell 24200.2 BTC for 181720.18 USD"

With the very basic logic i have with me , doesn't this show that the supply is 30% higher than demand ? even though the depth shows open orders ( which can be laregly speculative).

average whole market bidding ( 7.5$ )
average whole market asking ( 10.1$ )

put it in another words , it would take me 24000 coins to cover alll the coins demands on the cost of almost half of the whole supply.

someone can explain this to me in basic english ?

Topic: To all people who defend the value of the BTC (Read 1741 times)