Post
Topic
Board Bitcoin Discussion
Re: Are you holding your bitcoin for a price increase?
by
TheCloser
on 24/12/2015, 06:06:52 UTC
Some of the posters in this topic have a misunderstanding of supply and demand. No way bitcoin reaches $1,000 with so many people waiting to dump coins on the open market. Everyone here is "holding" which means there are less bitcoin in circulation than have been created. This shortage of coins is still not creating a large enough supply issue to drive the price (demand) of the coin up. What do you think was driving this 3-4 day minor correction? The smart ones are dumping for $100 - $200 in profit per coin while the day dreamers hold out for $1000+.