Bitcoin Forum
January 19, 2018, 04:10:15 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: WHY THE BITCOIN PRICE DROP IS REALLY GOOD NEWS  (Read 7443 times)
mmortal03
Legendary
*
Online Online

Activity: 1641


View Profile
October 04, 2014, 11:19:35 PM
 #21

Nonsense. Unless the price goes up significantly, bitcoin will not be useful for truly large transactions. Right now if somebody wants to buy a couple million dollars worth of bitcoin, it's really difficult, and the transaction would make the price spike (or tumble). A large market cap means more liquidity and more possibilities for the network.? If you just want to be able to settle your cable bill, a low price is fine, I guess.

Posted From bitcointalk.org Android App

I know I'm putting words in his mouth, but if Bill Gates thinks Bitcoin is cheap, he should open up that pocketbook of his and invest some on an exchange. It'd be lovely to see that price spike that you're talking about, with a true whale like him entering the market.

http://www.telegraph.co.uk/technology/11138905/Bill-Gates-Bitcoin-is-exciting-because-it-is-cheap.html

Much of the problem is the legality standpoint of BTC right now. Your talking about people who are on the sidelines that have tons of money ready, but the legal standpoint is not clear. You get mixed messages from one side saying its not currency/ and the other side of the mouth is saying it is....

I hear you, and I think it is a lack of knowledge on the part of these individuals on the sidelines. Those of us in the community know that for personal investment, the tax situation has been settled, and that we are to treat it like property on our tax returns. If these people with tons of money just invested a fraction of their wealth into it on an exchange, the price would go up. We're talking about only a 4.5 billion dollar market cap, and we're talking about billionaires here.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516378215
Hero Member
*
Offline Offline

Posts: 1516378215

View Profile Personal Message (Offline)

Ignore
1516378215
Reply with quote  #2

1516378215
Report to moderator
1516378215
Hero Member
*
Offline Offline

Posts: 1516378215

View Profile Personal Message (Offline)

Ignore
1516378215
Reply with quote  #2

1516378215
Report to moderator
exocytosis
Sr. Member
****
Offline Offline

Activity: 476


View Profile
October 04, 2014, 11:21:11 PM
 #22

It's great news that we're finally going to zero! Just imagine all those weak hands that'll be shaken out!!!  Smiley
spiderbrain
Legendary
*
Offline Offline

Activity: 861



View Profile
October 05, 2014, 01:45:45 AM
 #23

All very reasonable.

arieq
Sr. Member
****
Offline Offline

Activity: 364


View Profile
October 17, 2014, 01:26:16 PM
 #24

Its not good for people who bought bitcoin at 600$

I sold in 800, 700, 600...480 and now I feel like an idiot for not selling it all in 600 and walking away

NotLambchop
Sr. Member
****
Offline Offline

Activity: 378


View Profile
October 17, 2014, 01:41:01 PM
 #25

... If these people with tons of money just invested a fraction of their wealth into it on an exchange, the price would go up. We're talking about only a 4.5 billion dollar market cap, and we're talking about billionaires here.

This reminds me of "if everyone on Earth sent me just one penny [which they wouldn't miss at all], I'd be a multimillionaire."
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!