Topic: Why BTC value is growing day by day ? - page 16. (Read 3643 times)
It is pumping nowadays, I do not believe that this last movement after the fork can be sustainable, at the end this must be realise at some level. Waiting for the new comers.
Why is bitcoin so intense?
What is bitcoin, it is virtual currency and not real value, it is not money issued by the state and printed, it is a group of people think and want it to be popular and widespread.
Bitcoin is being pursued by many and it is believed that it is due to the highly systematic and profitable nature of bitcoin.
What is bitcoin, it is virtual currency and not real value, it is not money issued by the state and printed, it is a group of people think and want it to be popular and widespread.
Bitcoin is being pursued by many and it is believed that it is due to the highly systematic and profitable nature of bitcoin.
The hedge funds are plowing in, in preparation for the Chicago Mercantile Exchange listing bitcoin futures on December 11th (the estimated date of launch).
To be a true hedge fund you need to be long as well as short, so owning the underlying asset (bitcoin) allows them to then short on the CME. Having a lot of coins also means they can manipulate the price a bit. For example say they have gone short on the CME and want to force the bitcoin price down towards settlement time - easy, just sell the actual bitcoins you have bought.
Prepare for a very wild ride when the futures are launched.
To be a true hedge fund you need to be long as well as short, so owning the underlying asset (bitcoin) allows them to then short on the CME. Having a lot of coins also means they can manipulate the price a bit. For example say they have gone short on the CME and want to force the bitcoin price down towards settlement time - easy, just sell the actual bitcoins you have bought.
Prepare for a very wild ride when the futures are launched.
As you can see, I'm learning ABC in crypto currencies and studying this for last 3 – 4 months, even after reading all these web pages, forums etc, still I’m having one basic question needed to clear out. I would really thankful if someone can help me with this.
We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?
I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?
We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?
I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?
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