To me this is about taking a stand. The recent development was a credibility hit to Bitcoin but the price still went down "only" 20% which is less than it has in the past. To avoid a 50% drop which would be a massive credibility hit, people need to take a stand. You either support Bitcoin or you don't and now is the time to show that support or not if that is your decision.
I rarely make these kinds of posts but I honestly believe that this is a critical situation right now. We either make this recent development a bigger issue than it was, or we don't. It's our choice collectively.
And by showing support I don't necessarily mean buying now or going all-in at Bitcoinica, I mean choosing a position which you'll hold. No matter what.
I rarely make these kinds of posts but I honestly believe that this is a critical situation right now. We either make this recent development a bigger issue than it was, or we don't. It's our choice collectively.
And by showing support I don't necessarily mean buying now or going all-in at Bitcoinica, I mean choosing a position which you'll hold. No matter what.
+1
Which do you believe in harder, BTC or USD?
Unfortunately, the daily dependency that we have on USD is a major factor in this. For poorer people such as myself, this is a very difficult stand to take -- possibly the most difficult I've ever faced. I literally have to scrape together every dollar I can muster just to keep food in the (mini) fridge, and sometimes this means I have to sell some BTC I have mined. And if you're wondering how I "afforded" mining hardware in the first place -- I really didn't. I spent all my Pell grant excess on it, which has severly crippled me and my loved ones in the short term. Taking a stand, indeed.
