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It's more accurate to say "increasing prices lead to higher adoption." It's a classic bubble. Remember in the early 2000s with people buying houses because "h
by martincmartin 13y ago
It's more accurate to say "increasing prices lead to higher adoption." It's a classic bubble. Remember in the early 2000s with people buying houses because "house prices have never gone down nationally?"
- kylebrown 13y agoBut people expect BTC prices to go down at any time. They also expect it to recover, so who knows. It brings to mind Peter Thiel's recent comment about "the idea of money being a bubble which never ends." Of course, never say never, but until then...
- justincormack 13y agoA bubble will not lead to adoption. As I said it is negative for people actually wanting to use it. If by "use" you mean participate in a pump and dump scheme, well sure. You don't need a cryptocurrency for that, you just need sufficient stupid people with cash to burn.