Post
Topic
Board Speculation
Re: Bitcoin will never again be priced over $300.
by
Transidium
on 07/05/2015, 00:43:35 UTC
Send bitcoin to a blackhole wallet no one can access. Now there is less bitcoin in existence. More demand. Price skyrockets.

The rate at which wallets become inaccessible + the rate at which people intentionally burn BTC, cumulatively weighs as only a tiny fraction of a percent in the Bitcoin value equation.
And no, that rate won't 'spiral exponentially over time' or other nonsense.

Try again.

Ben