Horrible Crash to Come due to Big Corp Adoption

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: institutionaltrader on September 08, 2014, 06:10:23 AM

and the fact it is horribly insecure, no security expert knows how to secure it, anyone can rob them

stopped reading at this "fact". the fact is, you are horribly dumb, no intelligence expert can detect intelligence in you, anyone can beat you at math.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: institutionaltrader on September 08, 2014, 06:10:23 AM

As you know big corps such as IBM accepts BC which is good news!

The problem is that they instantly sell BC the instant they get paid via it thus reducing its price in the long term because they are not allowed to have BC on their balance sheet (and the fact it is horribly insecure, no security expert knows how to secure it, anyone can rob them).

The other side of the story is they have forward contracts in place with companies that basically says "you will buy my bitcoins for $X, I don't care if it is lower or higher, I want $X".
They day BC prices are too low for too long, theses companies will have to spend their cash reserves (if they have any) and everything will go down in a death spiral, thus crashing BC even more to very low values.

Of course when this happens, big corps will simply forget about BC and laugh all the way to the bank. Basically they have all the positives of BC without taking the risks.

It's pretty hard to read/understand what you are trying to tell, perhaps you should take some English lessons first.

Unless this is fallling his latest account, al hope is lost for you.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

BS

institutionaltrader

newbie

Activity: 26

Merit: 0

As you know big corps such as IBM accepts BC which is good news!

The problem is that they instantly sell BC the instant they get paid via it thus reducing its price in the long term because they are not allowed to have BC on their balance sheet (and the fact it is horribly insecure, no security expert knows how to secure it, anyone can rob them).

The other side of the story is they have forward contracts in place with companies that basically says "you will buy my bitcoins for $X, I don't care if it is lower or higher, I want $X".
They day BC prices are too low for too long, theses companies will have to spend their cash reserves (if they have any) and everything will go down in a death spiral, thus crashing BC even more to very low values.

Of course when this happens, big corps will simply forget about BC and laugh all the way to the bank. Basically they have all the positives of BC without taking the risks.

Topic: Horrible Crash to Come due to Big Corp Adoption (Read 1097 times)