From Cointelegraph
A recent analysis regarding supply and demand suggests that the end of the Bitcoin bull run will come not as a result of lack of buyers but because of an overabundance of supply. The supply, according to the analyst, will come through new and varied ways to trade Bitcoin and from Bitcoin hard forks.Read more: https://cointelegraph.com/news/oversupply-of-bitcoin-will-burst-the-bubbleThe analysis stems from the dot-com bubble in the late 1990s, when any company with .com in its name instantly received a huge market boost. However, the end of the dot-com bubble occurred when a huge number of new .com IPOs flooded the marketplace, many of which were unstable business models.
For a while the market absorbed them, but when the market finally corrected it pulled the rug out from all of those businesses and only the strong survived.
Hmmmm one day Keiser is calling for $100K bitcoin and now these guys are saying there is an oversupply because of forks and derivatives. Which one is right???
Leave your thoughts in the comments below.
Follow @contentjunkie to stay up to date on more great posts like this one.
21 million Bitcoin divided by (World Population)7.3 billion people = .0029 Bitcoin each. One Bitcoin divided by each .0029 Bitcoin = 344 people to share 1 Bitcoin. Over Supply?
People loose them
The only difference between crypto and non-crypto (FIAT) "digital money" is ownership of the system.
the bankers will spent HEAPS (they own 80% global wealth) on media to hold/push BTC price down to try & keep control.
Once it comes down, they (the bankers) will buy up big IMHO
Timing is the question. How high will it go before the negative media really starts? have they all ready lost control?
so many questions.
Ride the wave if you have the $$, but prep for a negative spike. (it will go up again IMHO.
if we get a huge dip I’m ready to buy more. I have very little joined the game late but, after reading enough white papers I’m pretty stoked on the Big Bang episode didicated to bitcoin is coming in two days and it already hit 10k it’s about to go mainstream in my opinion, Not a bubble a revelution/evolution and that will make the whole community prosper. Hodl tight and invest wisely!
Yea up or down, boom or bust.... who knows.
I'd prob cry if 10K goes to 100K
I'd prob cry if 10K goes to 5K
But I'm safe......I have zero money to buy anything but popcorn.
If you hear the old guard, the old school bankers talking about the Crypto now, one can hear fear and confusion. They have no idea what is going on, but they don't like that control shifts away from their hands.