Post
Topic
Board Speculation
Re: You guys need a reality check
by
Raystonn
on 01/08/2014, 00:29:30 UTC


4) 5,000-7000 new bitcoins come into existence every single day.



This is evidence that Bitcoin is doing quite well for its youth.  Nearly $4 Million in new bitcoins flood the market *every day* and yet the price is stable.

That means demand is meeting supply.   That means people are buying $4,000,000 worth in bitcoins every day, doesn't it?



When the next halving hits, that supply will be cut in half, and price should go up.