Re: Supply and demand curve analysis, why Bitcoin does or does not change price.

Quote from: cryptjh on May 30, 2019, 09:26:24 PM

Quote from: Onetogo on May 30, 2019, 03:21:48 PM

My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.

I quote you so we can see the images, it seems like there has been a massive selloff in the last few hours, after hitting $9.100 bitcoins are now down on $8200

Of course it will happen, it is not possible prices will continue to rise, its not possible demand will continue to rise. supply will definitely go up, because the crypto market is filled with many traders and investors, they will definitely sell when they see high prices on the market. price reductions will occur but not in large percent #IMO