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There is a limited total number of bitcoins and the number of bitcoins is increasing very slowly now so technically the more people buy in the more it should go
by Nition 9y ago
There is a limited total number of bitcoins and the number of bitcoins is increasing very slowly now so technically the more people buy in the more it should go up. Because there is more money in bitcoins but not more bitcoins.
- stronglikedan 9y agoThanks. So a physical bitcoin is not worth 1 bitcoin, but rather a percentage of the entire bitcoin market value (maybe not the right term), relative to the number of physical bitcoins, correct?
- sgspace 9y agoHuh? There is no such thing as a physical bitcoin. 1 bitcoin will always be worth 1 bitcoin. To calculate the total bitcoin market cap you multiply the number of circulating bitcoins by the current exchange rate for your preferred currency.
- stronglikedan 9y ago> There is no such thing as a physical bitcoin. Of course there are: https://www.google.com/search?q=physical+bitcoin&oq=physical+bitcoin&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=physical+bitcoin&oq=physical... As to how they relate to crypto, I have no idea, which is why I asked about it.
- reefoctopus 9y agohttps://en.bitcoin.it/wiki/Casascius_physical_bitcoins https://en.bitcoin.it/wiki/Casascius_physical_bitcoins
- mFixman 9y agoSo what happened in 2014?