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Because increasing price will raise its visibility and attract more people to invest in bitcoins - and the more people hold bitcoins the more merchants will wan
by vasilipupkin 13y ago
Because increasing price will raise its visibility and attract more people to invest in bitcoins - and the more people hold bitcoins the more merchants will want to accept them
- bunderbunder 13y agoThat line of reasoning isn't entirely dissimilar to what people were saying about real estate 10 years back.
- notdrunkatall 13y ago...and home ownership subsequently hit its highest rate ever.
- bunderbunder 13y agoIndeed. The trick is to predict the point at which you'll no longer be able to find a greater fool, and stop just short of it.
- genwin 13y agoIt's the musical chairs game.
- Nursie 13y agoBecause investors really love spending their rapidly appreciating assets...