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

Depends on the demand and supply. It's the buy and sell pressure that sets the bitcoins price. The more buy pressure (high demand), the higher the price will go since people will be selling their coins at higher price as more people are willing to buy. When the sell pressure (high supply) increases, the exact opposite happens. People are willing to sell their coins cheap for whatever reason and buyers are setting price even lower, causing the price to drop. The buy and sell pressure eventually reaches an equilibrium point, and that's the less volatile price we see.