Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
are you saying price will go down because those coins will be for sale via new exchanges in developing economies ? and for sure they sell em for less than what they payed. 
and don´t forget ZHE MILLIONS of fresh bitcoins that will be available because of mining in the next few years ??!1!!
and what about the millions of coins that are already sold. shit, they may get sold again ! and those buyers of all those coins may sell them AGAIN. i wonder why btc price ever went above 1 cent with all this selling
and don´t forget ZHE MILLIONS of fresh bitcoins that will be available because of mining in the next few years ??!1!! and what about the millions of coins that are already sold. shit, they may get sold again ! and those buyers of all those coins may sell them AGAIN. i wonder why btc price ever went above 1 cent with all this selling
No, they are not going to be "on sale" on developing economies. That doesn't make sense, everyone in those countries can buy right now in actual exchanges, localbitcoins, etc. What they can do is:
- Lend bitcoins on those countries with a small interest (bearish, they have to monetize (fiatize?) those bitcoins to build/buy almost anything non digital).
- Act as Angel investors in those countries (bearish for the same reason, bitcoin economy is not that big to keep the coins unchanged).
Both options are viable all around the world, you don't need to deal with banks and corrupt goverments to send bitcoins wherever you want, but once the coins are there you will have to use them: Pay bills, pay salaries... And it's easy to see that most of those bitcoins are going to be transformed into fiat before use.