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Why would the value crash? Typically, artificially restricting supply raises prices, like with drugs and other contraband.
by programmarchy 9y ago
Why would the value crash? Typically, artificially restricting supply raises prices, like with drugs and other contraband.
- eli 9y agoDrugs are inherently valuable -- you can ingest them! Bitcoins are not. A bitcoin that is harder to buy or sell is a bitcoin that is necessarily worth less.
- quickthrower2 9y agoThis is restricting demand, not restricting supply.
- programmarchy 9y agoThat doesn't seem right. Usually restricting demand is done by raising prices, with the causality working in the other direction. If people want Bitcoin (say because their government is inflating their fiat currency and they want a safe haven) and purchasing Bitcoin is prohibited, you'd have pent-up demand which would push prices up.