6 ms·
It is somewhat disturbing to watch the confusion around bitcoin's price swings when the formula is baked into the code. We're basically talking about two consta
by jron 6y ago
It is somewhat disturbing to watch the confusion around bitcoin's price swings when the formula is baked into the code. We're basically talking about two constants here; human nature and the halving of the reward subsidy every four years. Once again, the market has failed to price it in.
https://news.ycombinator.com/item?id=19454827 https://news.ycombinator.com/item?id=19454827
- bufferoverflow 6y agoBut it all depends on the demand. Which is not baked in. So your insight is not very insightful.
- jron 6y agoIf you want a third data point, add the trend. Obviously demand is greater than supply and it has been for over 10 years now.
- bufferoverflow 6y agoThat's not true. The demand depends on the liquidity (available supply for trading) and the price, among other things. There have been many cases in the last 10 years when the demand went down.