Post
Topic
Board Bitcoin Discussion
Re: I hope the price sinks
by
Mobius
on 20/08/2014, 02:55:44 UTC
author=lemfuture link=topic=745418.msg8438355#msg8438355 date=1408466671]
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]What he is referring to is a poor person buying 10 btc at $1 and then being able to sell them for $1,000, making that person go from poor to rich. This is a very big problem of people in the US thinking like this as they want to be able to make a lot of money from almost nothing. It is similar to how so many people play the lottery hoping to "make it big"