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Author Topic: Reminder - When stock prices hit 3 digits, people stop buying them.  (Read 3456 times)
tymothy
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June 09, 2011, 02:20:19 PM
 #21

Also remember that we're talking about a currency here, not a stock and the idea that such a new one can be valued at 20-30 times more than a USD is going to be a tough notion for many people to accept. Sure, rationally, the units shouldn't make a difference, but people are not especially rational. I don't think there's a good argument against moving the decimal place aside for the hassle it could create.
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istar
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June 09, 2011, 02:34:36 PM
 #22

Yes there is one argument against.

It will not sound as impressive with a bitcoin thats worth $21 instead of $210.

So it will probably not get at all as much publicity. Since the split wont be mentioned or will not be comprehended by avarage joe.

But. I´m still for it.

Since people will have a hard time buying a small part of a coin and the 21 million makes it sound not that credible unless you look into it.

So maybe we should wait until it reaches $100 which will give it publicity.

Sooner or later it should be done.







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