Post
Topic
Board Bitcoin Discussion
Re: Is cryptocurrency a financial pyramid
by
karmamiu
on 21/05/2023, 03:53:09 UTC
There has been discussion about this plan before. But there is no evidence that Bitcoin needs more supply to rise. I don't think such a thing is true. When the time comes, bitcoin, whose supply is limited, will set the price and rise without needing any supply. One of the problems we will face will be the increase in transfer fees. We already know the reasons for this. It will be easier to progress when this is prevented. The real question is how long these price increases will continue. I said that there will be an increase in price without the need for supply, but we can think of the supply here as too much supply. I don't think this will be needed.
If they increase supply, they are no different than any other alt coin. What's more beneficial in this industry is to have more people to adapt and they will be the ones not only to broadcast influence but also to increase demand that makes bitcoin more limited, which means that the value will further increase. We are all drawn from the mentality of exclusivity, this is also why people wanted to acquire things which are not common to other people. They wanted the feeling of anything that isn't achievable by anyone. What our economy needed is advertisement, but at the same time we also didn't want to be desperate enough to beg for others to adapt.