News for hackers. Stuff that matters.
Re:Bitcoin Bubble Makes Dot-Com Look Rational by pc86 on Tuesday November 28, 2017 @07:23AM (#15796553)
Is there a timeframe for how long it will take for those 1m coins to be mined? Is it equally likely that the price craters or skyrockets once that happens?
Re:Bitcoin Bubble Makes Dot-Com Look Rational by charlesdm on Tuesday November 28, 2017 @07:40AM (#15796667)
I think the price will skyrocket anyway, because there is a limited supply. In a way, I believe it could be like an epic short squeeze. You have people wanting to buy in (retail + institutional money is coming in) over the next few years.

If you take the example of oil -- once the price of a barrel goes over a certain threshold price, you'll go and explore new wells that were previously not profitable. And you will eventually get more supply after a while. That's just not the case with Bitcoin (and probably Ethereum after next year).