Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We will see a recover after the black friday.
Won't we?
Won't we?
Some fear huge BTC spending from the first Black Friday by large retailers offering use of Bitcoin (Dell, Overstock, Expedia, Newegg, etc...).
Retailers don't keep BTC, they dump to FIAT.
So essentially, when you spend BTC on items you are essentially dumping it on the open exchange.
Yup +1
Hold you mofos
If nobody uses XBT, retailers are not going to offer the option and we will have no more user adoption. No usage, no value. So spend like a mofo and buy back instead!
Its not because you dont spend btc that you dont use em..
Use It as a store of value. Hoard and reduce overall supply. Then let macro economy do its shit.
Édit: otherwise you Will just get burned by trading bots and banks and miss thé next train