Post
Topic
Board Bitcoin Discussion
Re: Come discuss the Bit Drop, the plan to give every person on Caribbean Island BTC
by
cyberpinoy
on 31/08/2014, 16:50:47 UTC
For as many intelligent developers and wealthy people we have in the  cryptocurrency industry I am amazed daily at how utterly stupid they are at the same time. This continued persistence of devaluing bitcoins has got to stop. Industries like Dell, Expedia, Amazon or any other retailers and manufacturers are not helping bitcoin in any way, dumping coins on an area is not going to raise the value of the coins at all, you want to raise awareness do so without devaluing bitcoins, Ask yourself what would happen if you gave a 13 year old a wallet with 5 bitcoins. his awareness is now raised for the 10 minutes its going to take him to trade them bitches in for FIAT so he can get something he wants. Whenever new technology is dropped on people they have the mind of a 13 year old, and they will do the same thing.

If you want to secure our future in cryptocurrency and at the same time eliminate all these new pump and dump coins, we as a community MUST start looking for ways to increase its demand. Because right now the only demand it has is to find ways tog get some so they can dump them for Fiat. Retailers who accept bitcoin dumps their coins every month and when they make a dump the price goes down. The more they dump the lower it goes. Why do you think the price is stuck right now, because we have a lot of people accepting them, and everyone of them are dumping them as fast as they are bringing them in. These places are not interested in holding them, securing them, is all about FIAT to them and nothing more.