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But the market places a higher value on a single btc once they are "out of circulation" because money is scarcer, right? So the only person losing money is you.
by rchowe 15y ago
But the market places a higher value on a single btc once they are "out of circulation" because money is scarcer, right? So the only person losing money is you.
- alanfalcon 15y agoHow can the market adjust in a vacuum of information?
- babblefrog 15y agoInformation is contained in transactions. That's how supply and demand determine prices in the real world.
- Duff 15y agoYup. That's a feature of currency systems that are pegged to a commodity. The difference is that instead of coconuts or gold, the scarce commodity is a bunch of random numbers. The are many problems with such systems, which is why the entire planet moved away from them starting about 100 years ago. Just like the initial users of BitCoin who are sitting on millions of the things are limiting the bitcoin supply in order to slowly sell them for real coin.