Post
Topic
Board Bitcoin Discussion
Re: Long-term sustainability of Bitcoin
by
phillipsjk
on 15/07/2014, 18:14:44 UTC
This is a Peercoin video because the coin is dying and Mr bag holder needs a pump.
This is a reasonable accusation. However, if I were bagholding, I would just sell, and buy up a coin I believed in. I recommend for anyone who holds Peercoins, but thinks that Peercoin has no future, to just sell their coins.

Anyway, I wouldn't put all the effort into making this video if I thought the coin was dying. If you search the internet, you will find a LOT of people in late 2011 announcing the death of Bitcoin after it crashed from $35 to below $3. The arguments were quite convincing, yet they were wrong. I think Peercoin is currently going through a similar phase.

I don't recall any convincing arguments that Bitcoin was dead back then. The media, focusing only on the price, may have declared it dead.

I searched, and only came up with these topics: