This sounds true, but it's not. First of all, the supply of bitcoins increases every day when they are created out of thin air. Even without that factor, havin

This sounds true, but it's not. First of all, the supply of bitcoins increases every day when they are created out of thin air. Even without that factor, having a buyer and a seller doesn't mean that prices can't have a tendency towards a trend. People who purchase goods and services with bitcoins usually aren't making a calculated decision to sell bitcoins for dollars, but that's what they're doing when they pay with bitcoins. Humans aren't rational actors, especially when you try to judge their actions in a single market without considering other motivations.