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November 24, 2013, 07:39:27 PM |
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You realize that someone who wanted full current value for his coins (and sanity for the bitcoin economy itself) would not kill the price; he'd just stop the price from rising quite so fast. Offer a bunch of coins at $1000 setting up a "wall" there that takes a week or so to break, even with newbies getting in as fast as they can, then let it roll for a little while and set up another "wall" at $1200, etc. People with that kind of money can choose to just plain *stop* the price from going hyperbolic (and then crashing) when mainstream adoption kicks in.
And that may be what they're getting ready to do. We've been with the highs and the crashes for years, but we're not the mainstream yet. The mainstream would be terrified to get into something and *then* discover that it's as volatile as it's been for us.
Anyway, someone with this kind of coin can do a lot to dampen volatility.
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