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A comment on Worries Grow That the Price of Bitcoin Is Being Propped Up. Parent comment

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by echaozh on Thursday February 01, 2018 @08:58PM (#16287765)
Uh, could the volume here mean the volume of the actual useful transactions, rather than the volume of the currency?

Mere utility is not enough, you need huge volume of such utility to make it stable.

[ Parent | on HN ]
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by cocktailpeanuts on Thursday February 01, 2018 @09:03PM (#16287793)
The only type of transaction that exists on BTC chain today is people buying it for investment and HODL. Even that may dwindle in the coming weeks now that it's looking more like a crash.

I never said mere utility is enough. I clearly said "You need both", in response to parent saying it's not about utility but only about volume. So in summary I agree with your comment.

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