ceastem Posted July 2, 2019 #1 Posted July 2, 2019 Hello guys! I'm wondering about this Does supply and demand really affect bitcoin? I have been reading a little bit and some says yes, but I couldn;t help but wonder why does the price even go down if bitcoin is continuously running out of supply? or why did the All time high for bitcoin happened before, but no sign of it now that we are nearing the depletion of bitcoin that can be mined? Sorry if I come as a noob with these questions but I just can't get it out of my mind because I really want to invest if it really does affect it. Haha I would love to hear your thoughts about this and convince me that supply and demand really affects the price of bitcoins.
barbaris Posted July 2, 2019 #2 Posted July 2, 2019 I think these factors definitely influence bitcoin. But I would not dare to invest in Bitcoin now because its price is too high and constant cost jumps frighten me. You can lose for too much because of this.
ceastem Posted July 2, 2019 Author #3 Posted July 2, 2019 49 minutes ago, barbaris said: I think these factors definitely influence bitcoin. But I would not dare to invest in Bitcoin now because its price is too high and constant cost jumps frighten me. You can lose for too much because of this. Yep, the price today is too unstable. It just came down from 10k USD and I'm afraid it will go down even more. Nevertheless, I don't see the "supply and demand" take a role in this when it goes down like this with the continuous depletion of coins to be mined.
williamshennie9 Posted July 2, 2019 #4 Posted July 2, 2019 I would say supply and demand is basically the only thing that affects the bitcoin price. Whales pump up the price, and then dump their coins, causing the price volatility. Other than that, I am actually not sure what affects the price.
Etude Posted July 2, 2019 #5 Posted July 2, 2019 I do wonder how much does the supply and demand theory of economics affects the Bitcoin market. From what I know too is that there is a fair share of powerful individuals who actually already holds a large portion of the Bitcoin market share in their possesion hence at times such news as price manipulations are often going around and about.
cryptofly Posted July 2, 2019 #6 Posted July 2, 2019 Supply vs Demands in a full complete developed market is what rules the price, but I think that talking about Bitcoin, maybe the fact that is on its process to become a "standard" and on its way to mass adoption would create some other concept that is affecting the price. All that is around bitcoin, like all the altcoins, new developments like lightning networks, dApps, all that create an environment that affects the price somehow. And yes, as someone just posted above, the roller coaster movements on pricing is like a kind of risky when you look where to put your money to invest. My opinion.
ZiraGambles Posted July 2, 2019 #7 Posted July 2, 2019 9 hours ago, williamshennie9 said: I would say supply and demand is basically the only thing that affects the bitcoin price. Whales pump up the price, and then dump their coins, causing the price volatility. Other than that, I am actually not sure what affects the price. Very true, I love whales coming to stake for all the rains and shit but overall whales fuck us all up
Kate Posted July 3, 2019 #8 Posted July 3, 2019 Yeah sure it does because if there is less supply and high demand the price rises and if there is low demand and high supply the price decrease just like how it is in the real world.
williamshennie9 Posted July 3, 2019 #9 Posted July 3, 2019 13 hours ago, ZiraGambles said: Very true, I love whales coming to stake for all the rains and shit but overall whales fuck us all up Nah, I don't think whales would go after rains. Whales already have loads of bitcoin, so there is no need to abuse the rain feature. It is mostly beggars that take advantage of the rainbot.
nattekut Posted July 5, 2019 #10 Posted July 5, 2019 Supply and demand is the most basic thing that affects the price of every single crypto currency. Its all about that that influences its uptrend and downtrend. when BTC is going down has nothing to do with there is much or less supply. It is very simple price will rise until there are no more people willing to buy at the current price. Then idiots will start panick selling because they bought high and price is going down. As soon as people are willing to buy again when price has dropped then it will go up again. This are basic things of a bouncing market. So price going up or down has nothing to do with an increasing demand and a supply that is running out. Eventually price do will get affected cause there will be a certain moment that all BTC are mined and that people only can purchase the BTC that are in circulation. If by that time BTC gets more adopted by huge companies than value will skyrocket
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