I would love to see people with thousands of bitcoins sending their bitcoins there.
Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.
Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.
What means fiat?
Central bank currency: USD,EUR,GBP,CHF ,etc..
If everyone gives pledges 500$ from 5 million 1st world bitcoin users, that can buy 4,411,000 BTC
If that gets burned, that results in a value increase of bitcoin to 791.17$ or by 37% (or possibly more becasue you have to buy them first)
I would love to see people with thousands of bitcoins sending their bitcoins there.
Especially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.
Yes but this is also the wastage of something valuable. I dont like idea of dumping bitcoin for whatever reason it be doneEspecially organizing some kind of crowdfunding, raising a few million fiat, buying bitcoin with it, and then dumping them there, to raise the value of bitcoin.
Nothing is wasted, the market cap remains the same, every single $ invested in bitcoin remains.
It's just that the supply of bitcoin gets smaller making it more valuable by 37%
