How about that bitcoin PRICE!

[Watcher0363]

Hopefully you guys had more than a few bitcoin purchasers early on and you managed to hold on to them. Should make for a good Christmas bonus. Oh, and really help the bottom line. Bubbles do burst however. Bitcoin up 87% this year, and I am still very mad at Circle.

 

[Ch3vr0n]

There's a fixed number of bitcoins that can be "mined". The price can only go UP the less are available for mining

 

[SD_J-I_88]

There's a fixed number of bitcoins that can be "mined". The price can only go UP the less are available for mining

Totally wrong,
mining BTC has only indirect something to do with the price.

If no one is interested in BTC, like it was in the beginnings, no one cares how much a BTC is wroth.
The price is mirroring the demand of BTC.

If many people don't believe in this technology anymore or if it gets cracked (very uncommon) or if many countries flag BTC and trading them as illeagal the price would go drasticly down, as you can see in june this year the price got down 20 % after revealing that a bitfiney has been hacked.

 

[George++]

The increased valuation of bitcoin is totally outside the hands of RedFox employees, same as the value in other more traditional currencies.

The Euro has been declining in value against the US dollar over the same period bitcoins have been increasing in value, RedFox bases their price on the Euro.

That is the nature of non-barter systems of exchange.

 

[RedFox 1]

Yes the price of Bitcoin is going up, but that has no effect on the price you pay here. 100.00 worth of Bitcoin is still 100.00 worth of Bitcoin no matter how high the Bitcoin prices goes. Unless you buy the Bitcoin for investment and then you can make money if it goes up. But as for paying Redfox with Bitcoin, you do not pay any more if the price of the Bitcoin goes up. Exact same price for the software at 10.00 a coin or 1000.00 a coin. Do not let the price of Bitcoin lead you to believe that you have to pay more if the price of Bitcoin goes up.