Post
Topic
Board Bitcoin Discussion
Re: bitcoin article (gizmodo) one more media source stating the death of bitcoin
by
jackjack
on 08/08/2011, 18:45:04 UTC
there is one positive aspect regarding the sudden price drop...  people might actually spend them buying services rather than hording them.

people held on to them like no tomorrow because they though the price would go up...  now it's proven that isn't the case...  so they might be more inclined to spend them....  if merchants want to accept that risk now.
Or they sell all their coins quickly... Which makes the price even lower