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A comment on One of the largest owners of Bitcoin, reportedly held over 1B dead at 41. Parent comment

Re:One of the largest owners of Bitcoin, reportedly held ove... by jayd16 on Monday June 28, 2021 @08:44PM (#27670258)
If everyone's net worth goes up, it's about the same as no change at all.
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Re:One of the largest owners of Bitcoin, reportedly held ove... by Scaevolus on Monday June 28, 2021 @09:03PM (#27670422)
Every _bitcoin holder_, it's not like a country experiencing deflation.
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Re:One of the largest owners of Bitcoin, reportedly held ove... by jayd16 on Tuesday June 29, 2021 @02:11AM (#27672434)
How so? Prices aren't set by the amount of BTC in the wild. A currency has no inherent demand. No btc holder can offer any more btc for goods than before.
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Re:One of the largest owners of Bitcoin, reportedly held ove... by GaylordTuring on Tuesday June 29, 2021 @07:46AM (#27674504)
Prices are set by the order books, including how many that are willing to sell and to what price. If a large amount of coins are removed from the market, and the buying pressure stays the same, that will lead to higher prices.
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Re:One of the largest owners of Bitcoin, reportedly held ove... by jayd16 on Thursday July 01, 2021 @07:41PM (#27706269)
If they weren't being sold then, again, the amount available to buy is unchanged.
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