Quote from: Revolution on February 16, 2014, 02:05:39 PM

Quote from: tminer on February 16, 2014, 11:36:12 AM

i wish
btc reach 10k by the end of the year

And why would it do that? What could possibly happen in the economy for that to happen.

Supply and Demand. It's what other currencies don't have except gold, silver, oil etc....All other currencies are based on the amount printed to deal with inflation. Commodities only have so much in the world, but we don't know how much. It's based upon the supply and demand and how much was 'mined' that day.

In terms of Bitcoins, same rules apply as gold except....we can measure how much is found and how many are left. Making it measurable for supply and demand. The reason the price would jump is because as the new technologies for the new miners come out, less coins will be available to mine.

http://www.bitcoindirect.net
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