Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Roseline492
on 26/12/2024, 19:40:23 UTC
⭐ Merited by JayJuanGee (1)
I think the scarcity of bitcoin is what causes the increase in bitcoin price therein and making it have a value. So the value of bitcoin is equated in price.

Scarcity means that the assets has a very limited quantity for consumption but in Bitcoin other things are the reason why it keeps growing because if it was scars a lot of exchanges would have stop having Bitcoin pairs but on the contrary all the exchanges has a 24 hours steady market for Bitcoin, so actually is only when you have tried to visit the market to buy Bitcoin but could not that's when  you would say is scars, so since you can buy at any time of the day it remain available, however from now till many years to come so long as Bitcoin is working it will never be scars for anybody, meanwhile if it was the scarcity that give the growth what happened few days ago when it falls to $90k? Does it mean that it was no longer scars for people?, because if it was scars those billionaires would have empty what is remain of the market and all us buying slowly would have left with no Bitcoin to buy, so actually the total quality of Bitcoin is capable of accommodating everybody in the world.