If there is lack of demand for the product, it doesn't matter whether it's being halved
It does matter, anyway. It would reduce the lack of demand by 1800 coins per day.
Lack of supply by 1800 coins per day, I think you meant
Topic: When will Bitcoin take off again? - page 3. (Read 6982 times)
If there is lack of demand for the product, it doesn't matter whether it's being halved
It does matter, anyway. It would reduce the lack of demand by 1800 coins per day.
Lack of supply by 1800 coins per day, I think you meant
It will take off around oct-dec though this time it'll be gradual not astronomical like in 2013. Buying as much as I can before it happens
bitcoin took off that time last year because it was made widely known that it was possible to buy illegal drugs on the darkweb using bitcoin (due to the arrest of Ross Ulbright aka DPR) 
NO take off this year.
Next perhaps but not sure agree on most here in 2016.
Except if something big happen then will price go up or down.
Next perhaps but not sure agree on most here in 2016.
Except if something big happen then will price go up or down.
If there is lack of demand for the product, it doesn't matter whether it's being halved
It does matter, anyway. It would reduce the lack of demand by 1800 coins per day.
Lack of supply by 1800 coins per day, I think you meant
Im sure alot can happen before this scenario happens but ive always felt for Bitcoin to take off like it did last year something big has to happen, what if another stock market crash happens and banks start failing again, people will be searching for a way to protect there money by pulling it outta banks and outta stocks to prevent big losses they sustained back in 2008, and put it into bitcoin, I could be way off but ive had this feeling for a long time though, does anything think im way off base or have some merit here?
The market is oversaturated with bitcoin thanks to the vendors (newegg, dish, overstock, etc...) where they immediately convert bitcoin into fiat. This creates more seller than buyer thus causing the demand for bitcoin to decline. It is good thing that bitcoin is being accepted by various of vendors but at the same time, it could be worse thing happened to bitcoin. It's catch 20/20.
Most users who are spending bitcoin believe in bitcoin (as your name seems to suggest). And in most situations, since these bitcoin believers generally believe that bitcoin is undervalued, they are going to replace any bitcoins that they use to purchase something. So the selling pressure you just described is almost non-existent since it is typically a zero sum swap.
Vendors accepting bitcoin is only a good thing. It is not a catch 22. And most importantly the vendors selling bitcoin for fiat is likely only transitory in the grand scheme of things. As bitcoin gains transaction and consumer/vendor use continues to increase, it will at a point become undesirable to exchange bitcoin for fiat. If for no other reasons because of the astronomically low fees that fiat can't compete with
It will take off around oct-dec though this time it'll be gradual not astronomical like in 2013. Buying as much as I can before it happens
If there is lack of demand for the product, it doesn't matter whether it's being halved
It does matter, anyway. It would reduce the lack of demand by 1800 coins per day.
Im sure alot can happen before this scenario happens but ive always felt for Bitcoin to take off like it did last year something big has to happen, what if another stock market crash happens and banks start failing again, people will be searching for a way to protect there money by pulling it outta banks and outta stocks to prevent big losses they sustained back in 2008, and put it into bitcoin, I could be way off but ive had this feeling for a long time though, does anything think im way off base or have some merit here?
The market is oversaturated with bitcoin thanks to the vendors (newegg, dish, overstock, etc...) where they immediately convert bitcoin into fiat. This creates more seller than buyer thus causing the demand for bitcoin to decline. It is good thing that bitcoin is being accepted by various of vendors but at the same time, it could be worse thing happened to bitcoin. It's catch 20/20.
this is true but still if more places accept bitcoins more people will use bitcoins and buy them
If there is lack of demand for the product, it doesn't matter whether it's being halved
Im sure alot can happen before this scenario happens but ive always felt for Bitcoin to take off like it did last year something big has to happen, what if another stock market crash happens and banks start failing again, people will be searching for a way to protect there money by pulling it outta banks and outta stocks to prevent big losses they sustained back in 2008, and put it into bitcoin, I could be way off but ive had this feeling for a long time though, does anything think im way off base or have some merit here?
The market is oversaturated with bitcoin thanks to the vendors (newegg, dish, overstock, etc...) where they immediately convert bitcoin into fiat. This creates more seller than buyer thus causing the demand for bitcoin to decline. It is good thing that bitcoin is being accepted by various of vendors but at the same time, it could be worse thing happened to bitcoin. It's catch 20/20.
Bitcoin will take off as soon as weak hands stop selling, will it ever happen?
I will soon. We have to w8 not bee inpatient with this.
This will happen when we least expect for sure.
Bitcoin will take off as soon as weak hands stop selling, will it ever happen?
Bitcoin will take off after the first u3berbulls start being greedy so the sheeple can follow.
Bitcoin will take off as soon as weak hands stop selling, will it ever happen?
Adam, could you say more than that ? I would like to understand what you mean.
Market cap is current price per coin times number of coins that exist. But if someone actually tried to sell a significant number of coins, the market price would quickly collapse. The money "holding up LTC" is not equal to its market cap. A better indicator of the money holding up LTC would be how much demand there is for LTC at or near its current pricepoint.
Exactly, the market cap is something people tend to get wrong. There aren't 6 billion USD invested in Bitcoin at the moment. It's less. If someone decided to sell a lot of Bitcoin, the price will go down, yes. I often don't get how people can be so obsessed with the market cap. On the other hand: If you see how much money there is in M1, M2, etc. you can only imagine what will happen if only a percent of that went into Bitcoin...
I just answered the question to my best knowledge, I am not obsessed with marketcap.
I agree that if people sell a lot the price will go down and the marketcap will plummet too.
Reading your post it seems that there is no way to answer the question on how many USD is holding up LTC or BTC.
You cannot know exactly how many USD or EUR or any other currency is the market cap, you can only see partial details.
So thing is we cannot know how or when will next price jump/down will be.
Only we can is to ques when how and why?
Never. There's nothing to fuel growth now that Willybot is gone. It's downwards from here.
End of this year or early into 2015, the rally begins.
It will take some months but eventually in 2015 bitcoin will take off.
we still need a couple of more years. when online casino is legalized, and takes bitcoin and give bigger bonuses to BTC depositor, it'll take off.
more porn site taking bitcoin will help.
more porn site taking bitcoin will help.
Adam, could you say more than that ? I would like to understand what you mean.
Market cap is current price per coin times number of coins that exist. But if someone actually tried to sell a significant number of coins, the market price would quickly collapse. The money "holding up LTC" is not equal to its market cap. A better indicator of the money holding up LTC would be how much demand there is for LTC at or near its current pricepoint.
Exactly, the market cap is something people tend to get wrong. There aren't 6 billion USD invested in Bitcoin at the moment. It's less. If someone decided to sell a lot of Bitcoin, the price will go down, yes. I often don't get how people can be so obsessed with the market cap. On the other hand: If you see how much money there is in M1, M2, etc. you can only imagine what will happen if only a percent of that went into Bitcoin...
I just answered the question to my best knowledge, I am not obsessed with marketcap.
I agree that if people sell a lot the price will go down and the marketcap will plummet too.
Reading your post it seems that there is no way to answer the question on how many USD is holding up LTC or BTC.
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