Most of us have been seeing Crypto- Currencies since a while now, and mostly after the huge increase that happened on december.
Now, in june that period and that value of BTC seem to be a far away condition !
Now we are at a point that since a few months BTC has been going slowly down on value, and every time the market crashes, it can't reach another high higher than the last one !
Why does this happens ?
In my opinion, one of the main influencers is the fact that we have more BTC on the market. It could sound non-sense but the point is simple, the more quantity on the market, the lower the offer. When BTC first went to almost 20K there were not more then 4 millions of them owned by people. But since then this number is almost 50% higher, which means that around 6 million BTC are in circulation.
Seeing the bigger picture, if this logic is right then we must expect that when all the quantity of BTC be sold, it's price is going to be around 1$ !
Does it makes any sense ?!
Now, in june that period and that value of BTC seem to be a far away condition !
Now we are at a point that since a few months BTC has been going slowly down on value, and every time the market crashes, it can't reach another high higher than the last one !
Why does this happens ?
In my opinion, one of the main influencers is the fact that we have more BTC on the market. It could sound non-sense but the point is simple, the more quantity on the market, the lower the offer. When BTC first went to almost 20K there were not more then 4 millions of them owned by people. But since then this number is almost 50% higher, which means that around 6 million BTC are in circulation.
Seeing the bigger picture, if this logic is right then we must expect that when all the quantity of BTC be sold, it's price is going to be around 1$ !
Does it makes any sense ?!