Why won't BTC drop in Value when Mainstream? - page 3.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote

Why won't its value take a sharp skydive when it is abundant

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Quantity of coins will also be going up

Wrong, max numbers of bitcoin is 21 millions and more than half are already in circulation.

So no, they will NOT be abundant and the quantity of coins won't go so up, at most 21 millions.

If more people start buying bitcoin then its price will increase, since the total number of bitcoin does not change. As i said, more than half already have been mined. It is not you can suddenly create 100 millions btc

souspeed

full member

Activity: 154

Merit: 1000

Fica Tranquilo

Basic economics, price exists where supply and demand meet, as already stated.

Supply remains the same.
Demand goes up, hence price will increase.

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: BittBurger on August 05, 2013, 12:41:48 PM

Once again you are referring to 30, 40 years from now.
I am referring to the next 5 to 20 years.
The time period where BTC is easy to get, and its quantity is increasing.
Value of $100 should go down. No?

Only if demand stays the same, I don't think that will be the case.
Also I don't think the hard cap of 21 mio will change.

But feel free to sell all your coins or even short them, if you believe otherwise. ^^

bitcoinbboyce

full member

Activity: 156

Merit: 100

I might be wrong but I'm quite sure the more people have bitcoin then the price will likely go up.

I think it may have something to do with supply and demand but there again I could be wrong.

elor70

member

Activity: 84

Merit: 10

The price will rise,just look at the past

BittBurger

hero member

Activity: 924

Merit: 1001

Once again you are referring to 30, 40 years from now.
I am referring to the next 5 to 20 years.
The time period where BTC is easy to get, and its quantity is increasing.
Value of $100 should go down. No?

tinus42

hero member

Activity: 784

Merit: 501

If every person in the world would use Bitcoin there would be 1/600th BTC on average per world citizen.

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: Birdy on August 05, 2013, 12:27:20 PM

It will be easier to aquire Bitcoins, but harder to aquire the same amounts of Bitcoins.

It will only be harder to *Mine* the same amounts of bitcoins. It wont be harder to acquire the same amounts.
It will become significantly easier to acquire them if you are purchasing them straight-out.
The only way they'd be harder to acquire in the same amounts, is if the price went up.
But when something becomes easy to acquire and quantity (mined) is going up, its value goes down, compared to when it was hard to acquire and quantity was limited.
Isn't that the process?

Quote

There are 21 mio Bitcoins max, simple math tells us that the price has to skyrocket if Bitcoin goes mainstream.

There wont be a cap on the number of available coins for 40 years.
So its limit wont have any relevance until that time comes.
Once they are easy to obtain, their quantity will continue to rise.
During this time period, I am theorizing that their value will decrease significantly.
No?

-Burger-

Birdy

sr. member

Activity: 364

Merit: 250

It will be easier to aquire Bitcoins, but harder to aquire the same amounts of Bitcoins.
There are 21 mio Bitcoins max, simple math tells us that the price has to skyrocket if Bitcoin goes mainstream.

BittBurger

hero member

Activity: 924

Merit: 1001

It seems to me that the price of BTC right now ($100-ish) is "our" price.

BTC is hard to obtain. Only those of us who know how to acquire it, can get it.

Therefore its value is high.

The average person out there still has no means by which to obtain it.

To me that is "Scarcity".

To me that justifies its $100 value.

Fast forward a bit - to when people can obtain bitcoin easily.

Why won't its value take a sharp skydive when it is abundant, and easy to obtain?

Suddenly its not so hard to get.

Suddenly its not scarce.

Quantity of coins will also be going up. Even less scarcity.

Scarcity increases value. Easy to acquire decreases value.

No?

-Burger-

Topic: Why won't BTC drop in Value when Mainstream? - page 3. (Read 4759 times)