Post
Topic
Board Bitcoin Discussion
Re: Demand for bitcoin exceeds supply by a factor of ten?
by
bobbybkk
on 20/02/2024, 02:41:07 UTC
Basically supply always meets demand in a market system.

Example: There are 10 bottles of water for sale at a price of 1 USD per bottle. Now 100 customer show up and want to buy a bottle of water.

What is the situation now: The customer start bidding for each bottle of water and the highest bidder gets 1 bottle and so on until all 10 bottles are sold. Supply meets demand at a certain price point

If you start to argue that you want for example a new car and like to pay only 5 USD per car, then of course there is a mismach between YOUR desired price point and the available supply of cars for sale at a market price.