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without wash trades to pump up its value, what good is bitcoin for?? - bitcoin isn't usable as a transactional currency. it costs $30-40 per transaction. Plu
by matchcohnn 9y ago
without wash trades to pump up its value, what good is bitcoin for??
- bitcoin isn't usable as a transactional currency. it costs $30-40 per transaction. Plus other currencies are gaining steam, and offering other choices for people to transact
- bitcoin isn't rare to be a store of value.....everyday there's a new viable cryptocurrency springing up
- bitcoin isn't safer than dollar.....it can drop 90% in any day; no official entity is going to prop it up and make sure it doesn't crash. it can be banned by countries (and has been by a few)
- bitcoin isn't easy than square cash or visa or wires.....it can take several weeks to send money. plus the transaction fees are high
- chollida1 9y ago> without wash trades to pump up its value, what good is bitcoin for?? Can you please explain in clear terms how a wash trade pushes up the value of bitcoin? I can see it increasing the volume but not the value.
- sremani 9y agoI do not think bitcoin has this problem because of the volume, but "painting the tape" is done to a lot of alt-coins by shark-pools.
- deleted 9y ago[deleted]
- cgmg 9y ago> bitcoin isn't rare to be a store of value.....everyday there's a new viable cryptocurrency springing up What makes bitcoin 'rare' isn't the fact that it's a cryptocurrency, just like what makes a dollar 'rare' isn't the fact that it's a piece of paper. It's the network (i.e. hash power) behind it.