Post
Topic
Board Speculation
Re: You guys need a reality check
by
TwinWinNerD
on 01/08/2014, 00:32:59 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.



ceteris paribus yes, but there is no "should" only probable. Also there will be anticipation for this, so the months before the halving should see a price increase, not the day after.