Ninjastic
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Board Speculation
Re: I am fucking panicking
by
SOSLOVE868
on 12/07/2013, 15:21:44 UTC
Quote from: semaforo on July 12, 2013, 11:15:43 AM
Quote from: MAbtc on July 12, 2013, 10:23:02 AM
Quote from: SOSLOVE868 on July 12, 2013, 10:13:26 AM
Quote from: MAbtc on July 12, 2013, 10:06:40 AM

Why the hell would they do that?


Those countries are extremely unsafe to store gold or other valuable stuffs, if they realize that they can store their money in a save way like BTC ,what makes you think they would not to do so Huh assume their local currency are almost incapable to store value ,because the uncertainty of their government .


I think we're starting to make some pretty sweeping generalizations here. What makes you think that they would do so? We are talking about the same bitcoin that recently lost almost half its value over a 2-week period, right?

       It is definitely harder to confiscate a brain wallet than gold, and it is much more liquid. All that needs to happen is for the risk of confiscation to outweigh the risk of bitcoin price fluctuations. Someone just has to believe that the risk is real. Gold and currency also have virtually no chance of seeing increases of value in the thousands of percent. Simple risk analysis. Besides that, people are not rational anyway.
Yes, this pretty in the same way ,it might lose its value 50% in two weeks and also had chance to get increase its value by 50% in two weeks.
For some extremely countries like mentioned above ,those people if they know there are alternative way as BTC,they will ignored the price fluctuation ,because they have no other better choice ,Gold is too high weight and can't be cut into small amount, currency either not secure ,it may losing value more quick than BTC.