Ninjastic
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Board Speculation
Re: bitcoin continuous rising?
by
Intutan
on 21/08/2016, 07:54:04 UTC
Quote from: Zooplus on August 21, 2016, 03:10:05 AM
Quote from: ecommerce on August 20, 2016, 09:47:09 PM
Quote from: Osarman on August 20, 2016, 09:15:10 PM
Quote from: Sweetbtc on August 20, 2016, 03:27:15 PM
It all depends on the supply and demand of the bitcoin that determines its price, if theres a sustainable balance between the two; the value of bitcoin will continue to rise, especially after the halving event as you look at the statistics of the last halving scenario.
Good point of view that bitcoin price is really depend on supply and demand , if supply of bitcoin will be increase then bitcoin price will be decrease and if supply decrease and demand increase then price is going to higher .
The point is determining which one increases supply or demand!
The supply will not increase though as it it limited therefore inflation is very low or even close to none, the demand will surely increase as more people are adopting to bitcoin as time passes and we can tell that if we are active regularly monitoring the price trends or market of bitcoin.

The bitcoin is not innovative enough. Investors are trying to find some other coins which are more useful than the bitcoin. The bitcoin price might drop relative to other coins.