Post
Topic
Board Speculation
Re: Bitcoin Crashing Again?
by
MatTheCat
on 24/11/2013, 16:56:48 UTC
Oh my god, why is this place so full of clowns who are full to the brim of self importance? Probably has something to do with so many delusional idiots having gotten rich through sheer fluke of judgement landing them on the right side of a trade. Of course, y'all prefer to think of your good fortune as being down to your razor sharp business acumen.



That's all I saw; I stopped reading when I realized he was going to whine about hoarding.


EDIT: Here you go: Hoarding and Dishoarding, first section. Learn something!

I wasn't whinging.

And if I was whinging about hoarders, I wouldn't be referring to paupers like yourself.

I was merely pointing out a fact.

And it is an important fact, because if the Bitcoin price was being held up by mass adoption, and 90% of coin trades were due to participators in real world economic transactions then it would be a very different market from what it is. As it is, the market price is rising due to HOARDING. Furthermore, we all know that there are Bitcoin whales in these waters, who have the power to drive this market right down (as well as up). In a market determined by hoarding, all entrants are at the whim and mercy of the biggest hoarders, thus we are all playing in a cornered market. a very different scenario from the ideal.

P.S. I read a whole lot less of your post than you did of mine...especially if you got this far.