How can selling increase the supply, when it simply changes hands? The supply does not change.
Think of BTC being held as BTC that doesn't exist in the market. The market only accounts for BTC up for sale, so there's a finite amount being sold at any given moment. If more people sell, there's more BTC available to buy, increasing supply within the market.
When you say "the market" you mean Mt.Gox, etc? The less the exchanges have vs the amount in circulation means more in individual wallets?
What confuses me, is that even the btc in Mt.Gox are in wallets...
selling increases supply which lowers the price, there is a finite amount of bitcoin so supply and demand seems to be the determining factor.
How can selling increase the supply, when it simply changes hands? The supply does not change.
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BoardBeginners & Help
Topic OP
what causes the price to drop?
by
txoomy
on 09/04/2013, 18:08:52 UTC
What causes the price to drop?
If many people sell at once the price will drop - is what I hear, but if people are selling, aren't people buying those same BTC?
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BoardBeginners & Help
Re: FED to Buy Bitcoin
by
txoomy
on 09/04/2013, 18:06:19 UTC
Who knows what the Fed might do. Kinda scary that we can't see if they are buying btc. It wouldn't surprise me if they bought to create a bubble, then crashed it, to scare out btc investors..
I was just scammed by the user CheapShit - bitcoins@post.com. I sent money via PayPal but didn't get my coins. I sent as a gift so I can't dispute the transaction.
PayPal: "We're sorry, but this transaction cannot be disputed because it is not a purchase of goods or services. Please contact the recipient directly."
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Re: Brought Some Bitcoins - Looking To Sell Them On [PAYPAL]
by
txoomy
on 30/03/2013, 03:54:54 UTC
I was just scammed by the user CheapShit - bitcoins@post.com. I sent money via PayPal but didn't get my coins. I sent as a gift so I can't dispute the transaction.
PayPal: "We're sorry, but this transaction cannot be disputed because it is not a purchase of goods or services. Please contact the recipient directly."