The Chinese were right - page 2. | Bitcointalksearch.org

lyth0s

legendary

Activity: 1260

Merit: 1000

World Class Cryptonaire

Quote from: brg444 on October 13, 2014, 08:28:03 PM

These threads always get a good laugh out of me.

As if everyone out there was spending their bitcoins at these merchants.

In reality, the volume of bitcoins used for such transactions is so negligible it should not even be mentioned in the same sentence as "selling pressure".

In fact you are right, you should not be concerned with Bitcoin's use as a currency at this stage. All we need people to do is hoard it.

btw, merchants are scammers

http://nakamotoinstitute.org/mempool/everyones-a-scammer/

I actually really enjoyed that read. Thanks!

I LoL'd at that newegg article encouraging everyone to spend all their coins because bitcoin is likely to fail >.<

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

These threads always get a good laugh out of me.

As if everyone out there was spending their bitcoins at these merchants.

In reality, the volume of bitcoins used for such transactions is so negligible it should not even be mentioned in the same sentence as "selling pressure".

In fact you are right, you should not be concerned with Bitcoin's use as a currency at this stage. All we need people to do is hoard it.

btw, merchants are scammers

http://nakamotoinstitute.org/mempool/everyones-a-scammer/

botany

legendary

Activity: 1582

Merit: 1064

If price continuously goes down, it is no longer a good store of value.

dedcoin

member

Activity: 87

Merit: 10

Quote from: maker88 on October 13, 2014, 09:15:12 AM

what are your thoughts on the declining value of all government currencies then?

It's called inflation.

Quote from: maker88 on October 13, 2014, 09:15:12 AM

duno why I'm responding to this though, your username indicates you're not worth talking to.

How dumb of a statement is that...

maker88

sr. member

Activity: 336

Merit: 250

umm. no. declining value makes it have no use as a currency? what are your thoughts on the declining value of all government currencies then? you do realize there is not currency currently in use that isn't declining in value right? except those have been declining for decades with no way to stop declining, while bitcoin has only declined for 9 months, following a thousand times growth spurt.

duno why I'm responding to this though, your username indicates you're not worth talking to.

dedcoin

member

Activity: 87

Merit: 10

With the price going down, despite unprecedented merchant adoption, makes me think that merchants don't care about bitcoin, and this will keep crushing it. More selling than buying pressure.
This suggests that bitcoin is no use as a currency, the only option left is bitcoin as a store of value. Thus, the title...

Topic: The Chinese were right - page 2. (Read 2559 times)