Topic: Will storing bitcoin kill it? - page 5. (Read 3366 times)
I think if the demand of bitcoin would rather go down then it definition of it's value will also decrease, because if the interest rate is above (below) the equilibrium one, the demand for money will be lower (higher) than the money supply and this will tend to decrease (increase) the interest rate until the equilibrium interest rate is restored.
If everyone start storing bitcoin and there is no single transaction for days,all miners will quite mining as without transaction there would be no reward.
Will it not kill bitcoin and make it useless?
Will it not kill bitcoin and make it useless?
This is just a theory,it`s impossible to stop all the transactions.
Bitcoin and every other currency (fiat or crypto) are made for transactions ,not for storing value.
If nobody uses bitcoin,this means that the demand for bitcoins is 0,which means the btc price will be 0 as well.
Bitcoin has value because of the people`s trust.
If everyone start storing bitcoin and there is no single transaction for days,all miners will quite mining as without transaction there would be no reward.
Will it not kill bitcoin and make it useless?
Will it not kill bitcoin and make it useless?
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