BTC drops?

it's more than just a currency. it's an asset that people speculate on.

it can't inflate beyond a certain point, although it is inflating now at a diminishing fixed rate. However demand is exceeding supply, so the price goes up.

>>1986586
So it could theoretically go down once supply exceeds demand but it shouldn't happened next 3-12 months 4 sure but due to speculation there's always a possibility of unexpected drop that cant be predicted

>>1986600

there have been lots of times where some government or other imposed some regulation, or some exchange fucked up, and the price has nosedived. anything can happen, don't gamble what you can't afford to lose.

>>1986600
There will be max 21 million bitcoin. Imagine the price when it gets common for all investors to have a slice.

>>1986584
markets are irrational

>>1986968
Just like people.

File: bitcoin.jpg (356KB, 1200x607px) Image search: [Google]

356KB, 1200x607px

>>1986584
>Can you explain why we see multiple price drops then? Why would it drop if theoretically its price should only grow?


Its digital money. If nobody wants it, its worth fuck all. It doesn't matter how much of it there is.

Many of the drops are also about market trends. People will sell if they think the value is too high and then buy it again when the price drops.

BTC is shit though. it takes too long to send it and the fees are way too high. BTC wont last forever. There will be another coin that will replace it in the near future. This is why there is hype for coins like ETH.

>>1986984
>>1986968
markets are people