Post
Topic
Board Economics
Re: panic selling
by
justspare
on 25/07/2016, 10:15:35 UTC
You can trust the Chinese in China to continue buying up the coins and driving up demand.

This is a problem..

It is a problem because a concentration of bitcoin in one area defeats the purpose of decentralisation?
That is pretty much the whole problem. If a tonne of people from China buy a tonne of Bitcoin, they pretty much control it's price. There is no point for people to use Bitcoin if it is not decentralized.