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supply vs demand. More and more people are getting introduced to bitcoin, understanding it and buying into it. There's also a cap on the total number of bitcoin
by hw 9y ago
supply vs demand. More and more people are getting introduced to bitcoin, understanding it and buying into it. There's also a cap on the total number of bitcoins, so scarcity is another factor. Just like why gold is worth X instead of X/2
- vasilipupkin 9y agook, but gold sometimes is worth X and sometimes X/2, if you actually plot the chart of gold. Gold is not exactly a great investment
- geezerjay 9y ago> More and more people are getting introduced to bitcoin, understanding it and buying into it. That's pretty much the definition of a pump-and-dump scheme.