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How did "average joe" purchase the the bitcoins that he is unable to sell? When this hypothetical selloff occurs, who will buy his bitcoins? How is this hypoth
by asciimo 13y ago
How did "average joe" purchase the the bitcoins that he is unable to sell? When this hypothetical selloff occurs, who will buy his bitcoins? How is this hypothetical selloff different than those that have already occurred in the bitcoin markets? Why will it be unstoppable? Please explain the "current stability" of bitcoin that you referenced. How is bitcoin like a pyramid scheme (http://en.wikipedia.org/wiki/Pyramid_scheme http://en.wikipedia.org/wiki/Pyramid_scheme)? What are the laws that the Vancouver ATM is circumventing? Thank you in advance.
- betterunix 13y ago"How did "average joe" purchase the the bitcoins that he is unable to sell?" The same way he purchased stock he could not sell of. Time elapsed between the buying and the selling. "When this hypothetical selloff occurs, who will buy his bitcoins?" Who buys stock during a sell-off? There will be people who believe that Bitcoin will rise again, and who see a chance to profit from that.