Post
Topic
Board Speculation
Re: PANIC BUYING !!!!!!!
by
goldcoinminer
on 23/05/2016, 03:36:40 UTC
No one is panicking, someone is just creating stories about a sudden increase or a big drop in coming days to create an illusion that there is a need to panic and buy. Not sure what they are trying to accomplish by doing that.
yeah because not everyone has the same thought. they will not make a purchase at the same time when the price once dropped.
certainly any people to buy direct or wait

generally speaking it is always a bad idea to make decisions with haste, it doesn't matter what the decision is, it would mostly lead to bad things.
and when it comes to money it is better to stop making decisions based on emotions and hype, and think with time at hand.

As the old financial saying goes, if you don't learn to manage your own money, other people will find ways to manage it for you

I don't think we can see another panic buying for bitcoins, if you look at closely now, bitcoins has become a basic commodity in the community to be use in gambling and other online business, with bitcoins viewed as being precious the circulation in the market will remain normal.

I don't know what changed during the last two years. As before, Bitcoin is primarily used for online gambling (Bitcoin casinos) and for trading (it is a good vehicle for speculation and profiteering)...

What did actually change?

Every day there are new system for spend easily btc... like Credit card , or local store , or big site like steam Wink

If you are talking about merchant adoption then "offline" merchants are lacking severely and don't pop up at all, or we don't hear anything from it. Online merhants there are plenty of them.
Major merchandise does not trust bitcoins, even if they advertise on their sites that they accept bitcoins, but they will not accept directly, they partners will 3rd party to process the transactions for them to minimize the risk.