Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.
Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.
Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.
Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small.
People buying bitcoins are also giving the capital required to build more infrastructure for it.
And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?
Thanks.
People complaining about the effects of speculation on, wait for it, the speculation forum. Seriously.
Why are you being a smartass? I speculate too otherwise i wouldn't be here on this subforum. My speculation was that it's bad for Bitcoin to behave like this when the whole world is watching and it might scare investors away. For my other reply: I made an explanation to the guy quoting me. And for your knowledge, speculators help stabilize the price by buying at bottoms and selling at tops.
