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Author Topic: the importance of currency exchange for the economy  (Read 4148 times)
ptd
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February 02, 2011, 03:11:22 PM
 #21

A run to what, whom, where??  People know that bitoin is not redeemable to anything.  Personnaly if bitcoin price was to decrease dramatically, I'd buy everything, just as I'd buy several kilograms of gold if the price went to 35$ an once.  I doubt I'd be the only one.

The US dollar (which isn't redeemable for anything either), imagine suddenly everyone sold all their BTC on Mtgox and then more people and more people. You can have crash in the bitcoin market just like you can in the stockmarket.
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grondilu
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February 02, 2011, 03:15:26 PM
 #22

The US dollar (which isn't redeemable for anything either), imagine suddenly everyone sold all their BTC on Mtgox and then more people and more people. You can have crash in the bitcoin market just like you can in the stockmarket.

That would be great.  I could buy a LOT of bitcoins.

I would also love to see this happen in the gold market.
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February 02, 2011, 03:31:41 PM
 #23

Luckily for me the paperclip market already crashed. I wonder how many buggy-whips I should accept instead of how many paperclips?

Anyone got any genuine Henry Moore Paperclip Sculptures they wanna sell?

I have too many USD already. My 5 in mtgox my browser doesn't seem to want me to sell and those in PayPal I can spend some on renewing my domains but not sure I want to throw any more away on hosting I spent a lot that way already and have less now to show for it.

-MarkM- (Actually Henry Moore Pipecleaner Sculptures might also be of interest?)


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