Post
Topic
Board Economics
Re: Low BTC price is good for Bitcoins at the moment.
by
arallmuus
on 22/08/2015, 20:29:02 UTC
but there is literally no way how to convince them.

Sad truth , this happened to me as well

believe or not, but if somebody was interested at 1200 and "missed the boat", he bought as much as he was able at 500-600 range and didn't wait until now.

The other sad fact is that not everyone are going to hold their BTC which they bought at higher range with the current dropping range. Few weeks ago due to the greece hype, the price was over $300 but now it is settling in $230~ and I would assume that some has sold their BTC to minimalize some of their lost ( now imagine that there will be alot more that sell some of their stash when they bought at $500+  )

What is more important? Price movements,both up and down, or price stability?

Depends on what your point of view is, for a mere trader then this waves would be the important thing to get some profit but if you are setting your point of view from the side of mass adoption the price stability is one of the key factor to achieve that. Due note that most people loves gold because of its stability as mass is afraid of "holding" a thing which price might change every day