Learn about the Difficulty of Accepting all Things that are Uncertain

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(Edited)

Today's trip was really very challenging, even though in my area there are no hills so I went with some friends to taste some coffee and listen to the songs that were playing there. Moreover, tonight there is a touch of Live Music and tomorrow night at Coffeetime, Lhokseumawe.

In the conversation, a friend and I who are also a Crypto Enthusiast are having fun chatting about the price of bitcoin and other coins including Steem and its derivative coins. There is a very serious little explanation that we talked about about BTC.

One of the reasons bitcoin has risen so fast over the last few months is because of the huge spike in demand we have seen during this period of time. While that may seem obvious to some, it is never more so than when looking at the amount of BTC that is on the Stock Market Exchange because specifically, it keeps going down.

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Although there are around 900 new bitcoins created per day, the number on the Exchange tends to be lower for a year in a row. Why is that?

Most likely it has something to do with the institution buying all the supplies available on the Exchange and moving them to storage. Another contributing factor is people moving bitcoins from Exchanges where bitcoins do nothing for them to enter into a particular ecosystem where they can earn money from their BTC returns. As supply continues to decline, it will be relatively easy to push the bitcoin price higher.

When a large amount of demand comes in now, it sends prices much higher and easier than was the case with last year and with more supply on the Exchange. It's hard to say about a catalyst that will send prices soaring, but going public Coinbase won't hurt.

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This will generate more institutional money and help build the crypto ecosystem. Things are going to be a lot of fun over the next few months, I hope you load the boat and are ready for what's to come!

Don't forget to come tonight and tomorrow night to Coffeetime Lhokseumawe for the Lauching Rooftop event there, there is also Live Music tonight and Saturday night. Maybe we'll meet there tomorrow night because there is me and the music team to enliven the event. Hehehe

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