Post
Topic
Board Bitcoin Discussion
Re: Merchants that accept Bitcoin and settle in USD are driving the price down
by
BittBurger
on 10/01/2014, 02:05:48 UTC
I edited my post.

Check it again.   Please reply to the 2nd half if possible.

Somehow you have to provide evidence that increased adoption, the benefits of increased awareness, the benefits of increased popularity, and all the benefits of a big site like Overstock accepting bitcoin, still somehow is completely nullified by the fact that they cash out to USD.  I don't think its possible to make that claim.

And the price of Bitcoin sure did not go down today, on the first day of Overstock accepting Bitcoin.