Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 13/04/2017, 16:46:14 UTC
Oke i want to understand whats happening with the price can someone explain ?
Why nobody asks for an explanation while the price is going up?  Huh


because bitcoin is setup in a way that it's price HAS to go up (deflationary) since miners get less and less reward in number of btc in time (as long as difficulty increases every 12-14 days and it almost always does). Miners will not do validation if their costs exceeds reward, hence price has to go up.
It is not guranteed, but so far it has behaved as expected (over long time frames).