Quote from: Sutters Mill on August 19, 2014, 04:33:36 PM

No true bitcoin believer would ever wish for the price to sink or tank. The problem isnt with bitcoin but its ~~users~~ speculators. People need to learn not to care too much about short term profits and more on the long term gain/game.

FTFY. Speculators =/= users

Quote from: lemfuture on August 19, 2014, 04:44:31 PM

i don't mind if the price sinks..more distribution of coins, as in poor people can buy some

Poor people can buy bitcoins regardless of the price. Your can buy $10 worth of bitcoins whether the exchange rate is $1 or $1000.

Quote from: gjgjg on August 19, 2014, 04:42:13 PM

IMHO 90% of the doomsday ppl who perpetuate the 'price sink' panic, are simply BUYERS hoping to get better liquidity at lower and lower prices to then profit from the subsequent upward rally. Happens all the time in the fiat trading world.

Those people aren't very smart. They are betting on the exchange rate to first go down and then go up. The odds of that happening are much lower than the odds of a single movement, down or up. Anyway, since they profit from a rising exchange rate, there is no need for it to go down first in order to profit.