Post
Topic
Board Economics
Re: Bitcoin will have a price of $50000
by
dx_twisted
on 18/04/2018, 05:40:12 UTC
entirely dependent on the demand of that crypto coin in the international market as this is the deciding factor which plays a major role in deciding the market value of any of the coin.

As you have said, it is one of the important parameters that we should look upon to know if a coin or BTC, in general, will have an incoming price surge or a gradual decrease in value. Still, the basic rule applies to this: "More demand, less supplies = Increase; Less demand, less supplies = Neutral; More demand, more supplies = Decrease"

We can expect this much market value of bitcoin but that will take lot of time as still not enough people knows about bitcoin.

Bitcoin has been in the scene for almost 10 years now. Do you still think that there's still a huge percentage of people that are not aware of this cryptocurrency? Believe me, in this digital age where everyone relies on technology, Bitcoin has been featured, televised, advertised, marketed all over the world. It's just those people that you were pertaining to isn't really interested, having doubts, confused or preferred a coin/digital asset rather than BTC.