Post
Topic
Board Securities
Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings
by
ex-trader
on 29/09/2013, 19:31:59 UTC
The "bet" here is as much in BEOBEE as it is in bitcoin, if someone thinks NEOBEE is going to fail because bitcoin price will drop to zero, just stay away from bitcoin at all...

Not true.

If you compare to most other Bitcoin ventures, their businesses earn Bitcoins irrespective of what the BTC price is (although some have a small cost element in Fiat), this includes miners, gambling sites, ASIC manufacturers etc. A halving in BTC price barely affects these businesses. If Bitcoin falls you simply hold their earnings in Bitcoin and wait for it to go back up again. They do not fail as businesses.

If Bitcoin falls Neo falls and goes bust - very different outcome.