Post
Topic
Board Speculation
Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze?
by
cypherdoc
on 27/10/2011, 04:52:25 UTC
this is exactly right.  new money infused into the economy will help merchants as well as the price and ultimately Bitcoins success.  we have way too many Bitcoin theorists around here arguing that speculative capital and early adopter hoarding is destructive to the economy.  this is nonsense and demonstrates a lack of understanding of how markets work.

what is needed is an influx of new money whether it be from speculators, investors, or merchants start up capital.  this will improve the economy and i would argue a slowly rising price of Bitcoin would create a virtuous upward spiral of everything Bitcoin related.