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Author Topic: early coins moving?  (Read 1108 times)
Lauda
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June 01, 2016, 11:49:44 AM
 #21

But if Bitcoin loses its perceived value, then items that can be purchased via Bitcoins become unreachable and people will stop using Bitcoins (and uses Fiat or ETH) and the Bitcoin system will be a waste.
No. You will just need to use more Bitcoin to acquire the goods that you want. It is simple as that. Those that truly think that the price per Bitcoin will keep infinitely rising are being irrational at best.

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June 01, 2016, 11:59:02 AM
 #22

But if Bitcoin loses its perceived value, then items that can be purchased via Bitcoins become unreachable and people will stop using Bitcoins (and uses Fiat or ETH) and the Bitcoin system will be a waste.
No. You will just need to use more Bitcoin to acquire the goods that you want. It is simple as that. Those that truly think that the price per Bitcoin will keep infinitely rising are being irrational at best.


No. User "A" has 20 Bitcoins and he bought each at average of $350. A laptop cost $1050 at a online shop and accepts Bitpay. So the laptop costs 3 BTCs.

If one day Bitcoin crashes to $1 each due to movement of satoshi coins, that means the buyer needs 1050 BTCs to buy the same laptop but User "A" has only 20 Bitcoins. Not only he has lost $6980 ($349 x 20), he has also lose faith in the Bitcoin system.

User "A" could buy more Bitcoins at $1 each to buy that laptop, but he won't as the faith is lost.

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June 01, 2016, 02:01:02 PM
 #23

But if Bitcoin loses its perceived value, then items that can be purchased via Bitcoins become unreachable and people will stop using Bitcoins (and uses Fiat or ETH) and the Bitcoin system will be a waste.

no.
if bitcoin was to drop from $525 to $52.50 (imaginary unicorn dream scenario)

people can easily buy 10 bitcoins for the same fiat as they were able to buy 1 bitcoin this week
and then use 10 bitcoins to buy the product that they strangely need right at the moment of some price drama

when the price crashes, it is not a time to start buying products or panic selling.

smart people know that price drama is temporary.
smart people know when the price drops. grab as many as you can at a discount
smart people know to only panic sell if the project is completely broke and will never work again
smart people know moving the early mined coins of 2009 is not breaking bitcoin beyond repair. bitcoin will continue and its just temporary price drama.

only a fool sells at a loss. only a smart guy buys at a discount

lastly.. people can happily use fiat to buy products.. but ETH is not really a retail use currency. it doesnt have thousands of retailers accepting it. and so
i would not suggest moving your bitcoins over to ETH. because you cant buy anything with it. and the price drama would make you lose out on chances to buy cheap bitcoin


I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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