Silk Road forums
Discussion => Newbie discussion => Topic started by: Newguy321 on July 12, 2013, 12:17 am
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I was just wandering what causes the cost of Bitcoins to flux so much?
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Massive amounts of buying and selling I suppose. If there are alot of people trying to sell since the price is high, it would drive the price down and vice versa.
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Probably the same reason Apple stock tanked recently. Buy low sell high.
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Butterflies.
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But BC's are not real...like backed by anything. So couldn't someone just make as many as they want?
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But BC's are not real...like backed by anything. So couldn't someone just make as many as they want?
Not to my knowledge, no.
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No there are a limited amount and once that is reached that is it. People mine for them but it is getting harder to do. Do a google search for bitcoin mining and a lot of info will come up. It really is a strange thing but fascinating.
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You can mine them but nowadays you hardly get any for the effort you need to put in
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21 Million is the max then that's it. Actually if you go to Wikipedia it tells it all.
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You can mine them but nowadays you hardly get any for the effort you need to put in
Yes i tried it but used more electricity than it was worth. Old days it was great like everything though these days. Rich get richer.
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Yeah a friend and I were looking to invest in servers and run an all-day operation but it's not worth it for what you need to invest. It would have been great if I got started on this back when they were more available.
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But BC's are not real...like backed by anything. So couldn't someone just make as many as they want?
I have my head in my hands, and I am weeping.
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But BC's are not real...like backed by anything. So couldn't someone just make as many as they want?
I have my head in my hands, and I am weeping.
;)
Congrats on making it to the #50 hurdle, by the way.