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Board Beginners & Help
Does Circulating Supply have a say on how high the price will go?
by
ghostbtc
on 23/12/2017, 04:00:03 UTC
Some with a lot of exp in the field? Normally members with high posts have the most important things too say.

So looking and reading about Cryptocurrency. I was thinking the less Circulating Supply the higher the price but like dozen of them threw me off a bit here and there.

Is it possible for a few billion in "Circulating Supply" to even hit $10+? I know Ripple has 38.7B as of right now and at $1.17

But would the ones with more in Circulation that are around .00001 be able to ever hit a few dollars even? I know when BTC first came out it was like .0033 per BTC. But then again the supply of it is not in the billions but millions and at the time probably not too much but yet very new to the world.

Some have very little amount but yet the platforms it's being traded on is maybe not popular enough?

Starting too think I'm a bit too late to get into the game since the cheaper popular coins are at the top. But still not too late to get into it just might cost me a bit more.

I really like reading posts from members that have high post numbers. I've noticed those ones are very knowledgeable, more then just the avg person that's for sure.

I've also noticed every time BTC gets on the news, it creates popularity = demand in supply. For those 3 days it's going up! Then a slightly (lol) decline like today. Those saying it's people cashing out for Christmas etc for gift buying must of forgot there was no Christmas the other times it did this in the past. And how much gift buying you want to do for $15k to $20k? Let me know cause I'll be your friend. lol Those big whales I tell you.

It's the perfect time to jump off and sell it all, then all these newer people come on to buy it, and when it goes down with panic, best time to buy like today when it hit $11k but then sure is no way of finding hout how low it will go.

This is more like hours and countless hours of researching/reading. Also those doing day trade it's best for what? 1-2% then sell off? I'd be more of a long run type of person.

Thanks for reading and sorry for the grammar, English is not my first language.