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Topic: bitcoin article (gizmodo) one more media source stating the death of bitcoin - page 2. (Read 2780 times)

legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
there is one positive aspect regarding the sudden price drop...  people might actually spend them buying services rather than hording them.

people held on to them like no tomorrow because they though the price would go up...  now it's proven that isn't the case...  so they might be more inclined to spend them....  if merchants want to accept that risk now.
Or they sell all their coins quickly... Which makes the price even lower
sr. member
Activity: 448
Merit: 251
Bitcoin
there is one positive aspect regarding the sudden price drop...  people might actually spend them buying services rather than hording them.

people held on to them like no tomorrow because they though the price would go up...  now it's proven that isn't the case...  so they might be more inclined to spend them....  if merchants want to accept that risk now.

member
Activity: 84
Merit: 10
Step 1- Watch the price go down

Step 2- Buy

Step 3- Watch the price go down more

Step 4- lose money  :/

I fixed that for you,
a good number of us study it and this is the observed correlation.
sr. member
Activity: 372
Merit: 250
Lulz!  Bitcoins are founded by absolutely nothing?  If this is the sole argument to justify Bitcoin is dead then, I would invite the author to think twice.

Founded by absolutely nothing is heck a lot better than founded by debt upon inception.
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
Step 1- Watch the price go down

Step 2- Buy

Step 3- Watch the price go up

Step 4- make money  Smiley
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