Post
Topic
Board Bitcoin Discussion
Re: When The Inevitable Happens With The Dump - What Will Bitcoin Be Worth?
by
Sterbens
on 08/01/2021, 10:16:10 UTC

Don't you think a thinning supply would have a positive effect on the price? The less Bitcoins there are available for sale, the more demand grows against supply and the more valuable it gets.

Regarding the demand for dwindling supply, it would be difficult if bitcoin would hold on to a price of $ 17,000 or perhaps slow down a $ 20,000 resistance. but if based on the shortage that occurs every year, then the demand for bitcoin will be very large and only owned by fund holders. as much as possible owning high priced bitcoins and immediately buying them will not necessarily continue to increase, the price is expected to fall soon, and is enough to get everyone ready to scoop up the amount of bitcoins at the dumping point.