Post
Topic
Board Bitcoin Discussion
Re: This is why I'm OUT
by
Nerman
on 01/12/2017, 01:56:31 UTC
10k value for a digital check simply doesn't make sense; this market is not mature, or ready - the 2 main exchanges are down during any significant BTC rise or drop/once you can't sell, you can't sell at any price, while the Coinbase VP says institutional investors will bring liquidity to the market/I read the rich getting richer; make no mistake, the shorts are coming as soon as BTC options gets listed, and I will be one of them; simply because this is an electronic avoid-the-government scheme is not enough to me-I can send money NOW on Western Union anywhere in the world and pay less for instant NOW transactions. Care to argue- go ahead

You have raised some valid points and i am also not denying the fact that western union or paypal can send money almost anywhere in the world. But what you are missing is when bitcoin get listed more people will trust bitcoin and more people will invest on it. Shorting bitcoin is just a short term strategy, what they usually do is hold it for long period of time.

If you think that bitcoin is  just a digital check to avoid the government then you really need to do more research.

Anyways that is your money and your decision.