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If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
by oscilloscope 13y ago
If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
- kolev 13y agoIdeally, the market price is driven purely by demand and supply, not by bots and speculators.
- Karunamon 13y ago.... "bots and speculators" are participants in supply and demand.
- kolev 13y ago@Karunamon Sorry for not being clear. My point is that increasing price it's not indicative that more people are getting interested in Bitcoin like many are trying to present it. It's purely speculation and we saw recent polls showing regular people not being interested in alternatives to the dollar.
- oafitupa 13y agoDemand != number of people. For example, you can get twice the demand from the same number of people if they decide to invest more.
- kolev 13y agoI know, but the increasing price is often presented like the average Joes are rushing to put their savings in Bitcoin, which is not the case.
- xyzzy123 13y agoI know right? Someone should tell the guys at the SEC that the stock exchange is broken.