Topic: What happens when the Bitcoin prices are too high and more Miners come online? (Read 1731 times)
June 04, 2011, 11:29:47 PM
Is it possible to buy a fraction of a bitcoin yet? I've not used MtGox or other exchanges yet so don't know. But if it were up to me, it would always be possible to buy whatever a dollar, pound or euro gets you of coins.
June 04, 2011, 11:12:56 PM
More miners does not mean more bitcoins it means the existing creation of bitcoins gets spread more finely across more people.
Exactly. The rate of bitcoin production is more or less constant.
June 04, 2011, 10:46:26 PM
More miners does not mean more bitcoins it means the existing creation of bitcoins gets spread more finely across more people.
June 04, 2011, 10:24:41 PM
scarcity goes up(supply goes down) and BTC prices rise
Thankyou.
June 04, 2011, 10:20:49 PM
scarcity goes up(supply goes down) and BTC prices rise
June 04, 2011, 05:46:30 PM
What happens when the Bitcoin prices are too high and more Miners come online?
Why I ask this?
Demand Destruction happens when the price for a stocks, commodities, Homes etc. becomes so high that
the average person cannot afford it. BTC "$17.00, $30.00, $50.00 $100.00".
Bitcoin Miners are always coming online and adding BTC to the market causing a gult.
At what price will a flood of sell order go in trapping traders and their stockpile of Bitcoin?
Latest Bitcoin news at http://www.bitcoinconnection.com
KT
Why I ask this?
Demand Destruction happens when the price for a stocks, commodities, Homes etc. becomes so high that
the average person cannot afford it. BTC "$17.00, $30.00, $50.00 $100.00".
Bitcoin Miners are always coming online and adding BTC to the market causing a gult.
At what price will a flood of sell order go in trapping traders and their stockpile of Bitcoin?
Latest Bitcoin news at http://www.bitcoinconnection.com
KT
Bitcoins are almost infinitly divisible. Most people don't want to buy 1/1 millionth of a house, you can with bitcoins
June 04, 2011, 05:30:35 PM
What happens when the Bitcoin prices are too high and more Miners come online?
Why I ask this?
Demand Destruction happens when the price for a stocks, commodities, Homes etc. becomes so high that
the average person cannot afford it. BTC "$17.00, $30.00, $50.00 $100.00".
Bitcoin Miners are always coming online and adding BTC to the market causing a gult.
At what price will a flood of sell order go in trapping traders and their stockpile of Bitcoin?
Latest Bitcoin news at http://www.bitcoinconnection.com
KT
Why I ask this?
Demand Destruction happens when the price for a stocks, commodities, Homes etc. becomes so high that
the average person cannot afford it. BTC "$17.00, $30.00, $50.00 $100.00".
Bitcoin Miners are always coming online and adding BTC to the market causing a gult.
At what price will a flood of sell order go in trapping traders and their stockpile of Bitcoin?
Latest Bitcoin news at http://www.bitcoinconnection.com
KT
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