Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
there's a fixed supply of coins
there's a variable but fairly stable trend on demand for coins
and there's speculation as to the future demand for coins
there's a variable but fairly stable trend on demand for coins
and there's speculation as to the future demand for coins
Ok Mr Adam Varoufakis.
I'll accept your theory into the coinomics hall of fame and candidature for potential decentralised monetary policy even though I don't agree with it and we'll just see if it works out.
I suppose there's enough voodoo logic in the current system to make anything look good so you never know.
In the meantime at least it looks like it might be worth the price, whether its stable or not
Of course, it is worth the price, yet we have to consider these kinds of assessments as bitcoin's market cap goes up... and that is if it continues to go up.
Accordingly, if we are at a bit over $10billion market cap, a lot of volatility matters are going to be worked out, in the event that bitcoin's market cap goes to $1trillion or $10 trillion or $100trillion.
Of course, the level of volatility and ability to manipulate is going to be different in each of these possible market cap scenarios, and likely also, there remains a lot of known unknowns and unknown unknowns that are going to affect how a lot of this volatility and price manipulation plays out which also depends upon if we go up in price and market cap, how far and how fast.