Topic: CCCB: Would Fiat liquidity be able to drive the Bitcoin price higher permanently (Read 1687 times)
April 22, 2013, 08:37:14 AM
April 22, 2013, 04:34:58 AM
pegging the price would be unfair as it would have a kind of insider trading effect where people with lots of money could buy a lot of coin quickly which would give them an advantage after the price peg takes place
April 22, 2013, 04:16:32 AM
Id say that if liquidity purchases of coin where made they would need to be on a spend basis, where the coin bought would need to be spent in order to drive economic productivity with coin, my initial guess is hundreds of Billions would be needed (usd terms)at least to achieve the desired outcome.
It gets very complex the more you think about it since no one really wants fiat in the first place therefore the only way for Bitcoin to be worth alot is for the users to buy and sell goods between each other treating coin as though it is worth alot more than it is now.
It gets very complex the more you think about it since no one really wants fiat in the first place therefore the only way for Bitcoin to be worth alot is for the users to buy and sell goods between each other treating coin as though it is worth alot more than it is now.
April 22, 2013, 04:12:46 AM
Theoretically for example if you had say the power of fiat liquidity available would purchases of Bitcoin be able to drive up the price and keep it higher on a kind of permanent basis, any idea of what kind of amounts would be required ?
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