Silk Road forums
Discussion => Off topic => Topic started by: longissimus on June 09, 2012, 11:50 pm
-
Arent the price on bitcoins suppose to drop at some point? theyre just seem to be getting higher.
-
Could you answer that question for FB for example? Thanks.
-
They will drop when supply grows or demand drops. The mining difficulty will help to "even out" the price, but it will always fluctuate to some degree. I remember when the news reported on Silk Road, and the newly sparked interest in Bitcoins caused the price to shoot up to $13 USD/BTC, because so many people wanted them.
-
well, the only way it could really drop is if people stop using bitcoins, no?
-
well, the only way it could really drop is if people stop using bitcoins, no?
Yes, this could cause a drop in value as could the sale of a large number of coins i.e increased liquidity however the impact this would have on the economy now is significantly less than it was a year ago.
From a buyer's perspective the rising Bitcoin does not need to be a concern as prices on SR are pegged to the USD equivalent of the Bitcoin price as per MtGox.
V.
-
What goes up......
While the BTC is rising, buyers can make out.
Haven't figured a trick to make money while it's falling.
If somebody unloads a bunch, you can lose half of your value overnight .
This has been a nice peaceful BTC period, please BTC god's keep it that way ;D
-
very true..thanks for sheding your light