Quote from: lphelps on May 12, 2014, 07:14:46 AM

Quote from: alh on May 12, 2014, 06:48:15 AM

Think about it for a minute. Let's assume "somebody" does amass a huge pile of
Bitcoins. What do they do with them? They can't eat them, and to some extent
they can't sell a bunch of them for fear of driving the price down. I personally
don't want to own a million bBitcoins in 3 years. They only have value to the
extent other think they do, and that could approach zero sometime. Then what
do you have?

this global elite with their central bankers don't care about the value. they print money out of thin
air. if they drive the price down and buy them all up to take them out of circulation, it just forces
all those holding to be bag holders. all the major retailers that were accepting BTC, would then
drop it due it being worthless..

And just how can the "global elite" actually drive the price down?