Post
Topic
Board Speculation
Re: Whales, here why crashing the price is a good idea
by
Birdy
on 10/09/2013, 16:33:39 UTC
That's just like saying "ashes don't burn, so to protect the forest from a forest fire, let's burn it all down!"
You don't realize, but it's a fact. Based on Yosemite National Park fire history:
Quote
Historically, fire was often seen as a negative force, but in recent years it has been realized that the benefits of fire in forests are numerous.
http://www.nps.gov/yose/parkmgmt/firemanagement.htm

I do realize that connection, in fact I did even think of that while writing the post.
That's why I think it's even more fitting as image. Wink
They both have partially true benefits (shaking out emotional traders, providing nutrient rich environment for new seeds), while also being the exact thing you want to prevent.
You shouldn't burn the whole forest down though, those are controlled fires.
If you could manage the control you could end up with a better Bitcoin distribution and an healthier Bitcoin, but you could also fail (it crashs too hard) and set it back, because the crash scared too much people away.

I don't think Bitcoin will crash sub $100 anytime though, unless there are some really bad news.
(And if it does then I'm not selling ^^)