Quote from: Evanston45 on Today at 02:15:06 AM

Am I correct in thinking that as the price of bitcoin goes up, it will take a lot more money to raise the price? Here’s an example…when bitcoin was $10,000 if 10 people bought $10,000 each, that meant 10 coins that we’re taken out of circulation driving the value of bitcoin up much more than if the price of bitcoin was $100,000 and 10 people bought $10,000 each of bitcoin that’s taking only one bitcoin out of circulation. So as the price of bitcoin goes up it will take a lot more cash inflow to raise the price. So is it safe to say that we will not see rapid gains like we had a few years ago where a bitcoin would go from 1000 to 10,000? I don’t see how so much money can come into the market to make it rise from 100,000 to 1,000,000 in an equivalent time span

it's not in the near future, so usually it happens every 4 years as many of us know here and even then I'm not sure for this year if bitcoin can touch $100k as people predict, looks like we are stuck at $60k and hard to get other cash flows coming into this crypto market, so it's only a matter of time until the end of this year