Post
Topic
Board Bitcoin Discussion
Re: Simple supply, demand, price question
by
virtuexru
on 28/03/2014, 18:21:03 UTC
If I look at bitcoin price over the past 3 months it's been in the $500- $1000 band, That's huge volatility by anyone's standard, but I have a question for others who understand the supply/demand/price relationship better than I do: why hasn't bitcoin price been rising rapidly for the last 3 months? Surely it must be that demand is rising, at best, with supply (about 10% p.a. by my reckoning). Hardly meteoric. What am I missing? Is this a temporary lull? Have we run out of early adopters and are at the foot of Geoffrey Moore's chasm?

Rise of alt-coins are diluting BTC's value/consumer base. Forensics have shown this to be true.