Post
Topic
Board Bitcoin Discussion
Re: Codename: EasyCoin
by
kloinko1n
on 02/07/2011, 21:13:47 UTC
Come to think of it.. it's really just amazing how the price of Bitcoin got inflated and is at 15$.. It's just pure speculation, no one spensd the Bitcoins at all (ok, maybe a very few people).

It's really just waiting for the first trader to realize Bitcoins aren't worth anything at all actually, since no businesses accept them (and businesses don't accept them because there are no customers anyway). When that happens the price will probably nosedive.. It's quite important to get some substantial 'bitcoin consumer'-base before that happens.

Satoshi has built Bitcoin.. now it's upto exchanges and miners to get people to buy Bitcoins for consumption...
I think the anonimity of bitcoin together with the possibility of immediate long-distance transactions is so attractive to criminals with accountants who know how to work with bitcoins, that this class of 'consumers' will prevent the BTC from such a 'nosedive'.  Wink