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At which price would you buy an entire BTC?

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by COINS NEWS 150 Views

see title. how low would BTC have to go for you to go out and simply buy an entire one?

what follows, just fulfills the purpose of making this post go over the required length

Bitcoin has the highest trading volume among cryptocurrencies, but it’s still a small market compared to other global markets. This means that prices make bigger moves up or down with less money involved. If Bitcoin were to have the same trading volume as, for example, gold, then its behaviour would be very similar in terms of volatility.

As there are only a limited number of bitcoins in circulation and the creation of new bitcoins follows strict rules with a consistently decreasing output (because of shrinking rewards for miners), demand would have to follow the deflationary behaviour of Bitcoin to even theoretically keep prices stable.

News events that are detrimental or beneficial to the reputation of Bitcoin, uncertainty in the future intrinsic value of the cryptocurrency as a store of value, currency risks for large holders of Bitcoin regarding liquidation as well as security breaches may also influence the Bitcoin price.

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