Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
soullyG
on 12/03/2015, 12:09:09 UTC
Quote from: networthsigns on March 12, 2015, 11:59:35 AM
Quote from: hdbuck on March 12, 2015, 09:25:09 AM
Quote from: bitfilliates on March 12, 2015, 09:18:04 AM
Will bitcoins be worth $1,000 again this year?

just wait for next halving, its really going to be something..

Can you help me understand why please and not the answer because there will be less coins Smiley That is obvious, the reason i ask is because doge had a halving recently and i have seen nothing but a continuous drop in value so what makes bitcoins halving any different?

Don't get me wrong i would love to see it go to $1,000 so i can buy my house but seems all i can remember is dropping lol although recently has been a nice change...

Price rises because the supply rate drops (therefore making the remaining coins on market more valuable) - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created, whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).