Post
Topic
Board Economics
Re: Alibaba IPO To Blame For Bitcoin Crash
by
realbtcdealers4real
on 23/09/2014, 14:10:14 UTC
Bitcoin is crashing because normal people can't obtain BTC beyond gambling with their hard earned fiat money. People that buy BTC are most of the time already FIAT wealthy, so this doesn't help as we need 99% acceptance. The 99% don't buy gold, which is the use that most bitcoin buyers are giving to BTC, a sort of an electronic asset, not a currency.