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Hi Guys,
You may call me crazy, but i am worried about the fact that more companies are accepting bitcoins. I brainstormed about a possible doom scenario. I am happy to see that bitcoin is growing. But i still don't trust the banking system and the governments. I think when more and more companies accept bitcoins, they are going to sell the bitcoins to the government or banking systems. And the banking system and government wont bring those bitcoins back in the community. They will all save those bitcoins so they will control the whole system. And even worse if they have plenty of bitcoin they can sell them all at the same time to destroy it. What do you think of it?
You may call me crazy, but i am worried about the fact that more companies are accepting bitcoins. I brainstormed about a possible doom scenario. I am happy to see that bitcoin is growing. But i still don't trust the banking system and the governments. I think when more and more companies accept bitcoins, they are going to sell the bitcoins to the government or banking systems. And the banking system and government wont bring those bitcoins back in the community. They will all save those bitcoins so they will control the whole system. And even worse if they have plenty of bitcoin they can sell them all at the same time to destroy it. What do you think of it?
Why would companies sell their coins to the government or to the banks when they know that holding Bitcoin would make its value to increase even more? And even banks or government hold much Bitcoin, they're just increasing the scarcity of Bitcoin in the market, thus making the value even higher. If so ever that the government and banks will sell all their Bitcoins in possession to make the value crash, loyal supporters and wise investors will just buy many Bitcoins. Bitcoin will not just die overnight. It has a great number of supporters so dying is not on Bitcoin's bucket list.
