Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: serenitys on April 04, 2014, 07:53:08 AM

Quote from: marcus_of_augustus on April 04, 2014, 07:46:07 AM

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up. Grin

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

It could be based on the reward halving, with the assumption that less BTC being created = lower supply = higher price. For that to work though you are assuming that the demand is there. Theres nothing in the code that says "on this day it is worth $x"