Post
Topic
Board Economics
Re: Should all exchanges switch to mBTC on January 1, 2014? (Poll)
by
jonat3
on 29/11/2013, 21:54:30 UTC
Ummm, maybe you guys haven't noticed, but the growth in price started stalling after it passed 1000 dollars through Bitstamp. Usually, the price explodes after passing a psychological treshold, but strangely enough it stalled righ after. I've tried advocating BTC to people the last few days, but many think it's too expensive right now. May I remind you guys that psychological perception has actual effects in reality and that it's perceived expensiveness may have resulted in the price stalling?

We need mBTC and fast or growth will be much slower from here on out.

On the other hand, slow growth might actually be better, because growth might be seen as more healthy. Not to mention that it might give me a chance to obtain more BTC for a cheap price. Well, it's really your choice if you want fast growth or not. But IMO, the perceived expensiveness of BTC DOES have an actual effect on demand.