Post
Topic
Board Bitcoin Discussion
Re: Help me understand BTC pricing
by
cryptosize
on 30/10/2021, 15:19:31 UTC
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
Back in 2008-2009 FED printed 700 billion USD to bail out the economy.

In 2020 the FED stakes were raised to 7 trillion USD (10x).

When the next crisis comes (2030?), I'm pretty sure FED will have to print 70 trillion USD.

See where I'm going? Wink