Re:Bitcoin falls below $5,000
by mygo on Monday November 19, 2018 @01:34PM
(#18488540)
> people have seen the future and they want more.
Normally when there's a demonstrated demand for something, its price doesn't go down by 75% year over year. Well, outside of government price controlling
You could be right, but it doesn't appear that the thing will be bitcoin, at least not unless it's a different thing sharing the same name.
The promise of bitcoin was a currency. But so far, it's not being used as a currency, people are treating it more like gold than cash. Until people are actually using it in day to day transactions, it's just a collectible.
Now I have been payed in Etherium by a client a couple times, but it's such a hassle. That money's just sitting around because I don't even want to deal with the exchanges.
Normally when there's a demonstrated demand for something, its price doesn't go down by 75% year over year. Well, outside of government price controlling
You could be right, but it doesn't appear that the thing will be bitcoin, at least not unless it's a different thing sharing the same name.
The promise of bitcoin was a currency. But so far, it's not being used as a currency, people are treating it more like gold than cash. Until people are actually using it in day to day transactions, it's just a collectible.
Now I have been payed in Etherium by a client a couple times, but it's such a hassle. That money's just sitting around because I don't even want to deal with the exchanges.