Post
Topic
Board Economics
Re: Why bitcoins are dropping, and will continue to do so
by
5grainsilver
on 05/07/2011, 02:19:56 UTC
Gold is different because there are a lot of good reasons to buy gold.  Not gonna bother listing them. 

Just because merchants are accepting bitcoin doesn't mean people are going out and buying bitcoins to spend at said merchants.  And guess what those merchants are doing a soon as they receive bitcoins as payment for goods and services?