Post
Topic
Board Speculation
Re: On stagnant trader only days.........
by
MatTheCat
on 05/03/2014, 21:37:38 UTC
Yeah, God forbid that the price of bitcoin actually stabilizes so it can be used as a viable currency.  Who would actually want that anyway.  Roll Eyes

/sarcasm


Only:

Off Radar Money Changers
Black Market Participants
Attention Seekers

and the damn fucking greedy give two hoots about Bitcoin.

If it isn't turning a nominal USD profit then it will get sold off. What we have is not a stable market. But greedy bastards holding out waiting on another big price surge. If it doesn't kick in, then increasing amounts of Bitcoin will start hitting the market and it will go down in value, right down to where the greedy with a longer term outlook think it is a good price, but they too have a tolerance thershold which will be broken if Bitcoin doesn't rise in value and turn them a buck. Don't be fooled by the Bitcoin idealists. All of them early adopters to a man. It's easy to be idealistic when you are 10000% up, perhaps not so easy when you are one of the unfortunates who was convinced by Bitcoin Nutter to go all in at $800, and that is if you didn't exit the market in the $500s, which you probably did.

If Bitcoin is not going up in value, then it must go down in value. Aside from appreciating in value, Bitcoin has no use to 90% of those holding it.