The structure of the bitcoin ‘system’ limits the number of bitcoins that can ever exist to 21 million; so the imbalance between supply and demand becomes mind boggling as the beckoning horizon of ever rising value turns most bitcoin users into hysteria-buyers and hoarders, as more and more ‘investors’ scramble to acquire them. As the price of bitcoin continually rises, bitcoin demand is forced up against the finite total. This drives the incentive to hold on to them and buy more.

This shows the illogicality of the bitcoin system

co-author of The End of More, in paperback and kindle on Amazon http://www.amazon.co.uk/dp/B00D0ADPFY email pagett.communications@blueyonder.co.uk

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