Post
Topic
Board Speculation
Re: Is the decline in the Bitcoin price OUR fault?
by
Tankdestroyer
on 15/06/2018, 08:21:38 UTC
Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.
I think the decline in bitcoin price is not anybody's fault, because it is a given that anything that is purely driven by greed/speculative greed will sooner or later collapse and for bitcoin, the consequences of that greed, is the declining price we see today.
I think everyone of us is to blame, because we should work harder to, :
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Help people to invest in Bitcoin.
I agree that we should work harder to do those other things that I have omitted in the quote, but it is not our responsibility to ask merchants to install a bitcoin ATM in our area because they will do that when they like whether we ask for it or not. Also, it is not our responsibility to give people to some satoshi to play with. They will use bitcoin if they like and if they don't want to use it, they will just dump that satoshi you gave or use it in gambling.