News for hackers. Stuff that matters.

A comment on The Bitcoin Bubble and the Future of Currency. Parent comment

Re:The Bitcoin Bubble and the Future of Currency by drcode on Wednesday April 03, 2013 @11:24AM (#5486637)
> someone could buy all BTC and drive its exchange rate (and thus its value) down

If someone buys it like crazy, why would the price go down?

> Someone could also print more USD...

The use of the word "also" here is wrong since btcs can't be "printed" by "someone" like the dollar.

[ Parent | on HN ]
Re:The Bitcoin Bubble and the Future of Currency by the_mitsuhiko on Wednesday April 03, 2013 @11:33AM (#5486717)
> If someone buys it like crazy, why would the price go down?

If someone has all the bitcoin in the world, why would anyone want some?

[ Parent | on HN ]
Re:The Bitcoin Bubble and the Future of Currency by drcode on Wednesday April 03, 2013 @11:41AM (#5486770)
You couldn't... All the money in the world wouldn't be enough to accomplish this.
[ Parent | on HN ]