Post
Topic
Board Economics
Re: To all people who defend the value of the BTC
by
orthzar
on 27/05/2011, 17:09:34 UTC
It sound like OP is asking if there is MtGox has enough Bitcoins to supply someone who asks (or demands) 24000 BTC.

At any rate, I see Bitcion as currently experiencing deflation, because even though the absolute supply is increasing exponentially, the price of Bitcoins is decreasing.   Namely, the $:BTC ratio is increasing; I recall that a week ago the ratio was $7 to 1BTC, and now the ratio is something like $8.50 to 1BTC.   Over the last week the price in Dollars has increased, and yet the supply has increased.

I think the Demand of Bitcoins will determine where Bitcoin goes for the next year, I think.