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The vast majority of bitcoin users aren't in it just for speculation. Besides this only affects Mt. Gox and not the dozens of other trade floors that are legiti
by shiftpgdn 13y ago
The vast majority of bitcoin users aren't in it just for speculation. Besides this only affects Mt. Gox and not the dozens of other trade floors that are legitimate. If you'd do even a modicum of research you'd find there is more to Bitcoin than ponzi scheme price pumping.
- marban 13y agoIn pure numbers, it affects around 10 - 12% of the market to be precise.
- tjaerv 13y agoWould be interested to see a source for this figure. I might have thought the estimate to be somewhat higher.
- jodrellblank 13y agodozens of other trade floors that are legitimate. Do any of these "legitimate" trading houses let you sell Bitcoins and then /take out the money/, yet? Until that's actually possible, for decent amounts, as a regular thing, Bitcoin's price is a sham of artificially trapping and holding people's money.
- shiftpgdn 13y agoI sold 2BTC on coinbase (a YC comapny) recently. So no the price is not a sham.
- jodrellblank 13y agoThat's not enough evidence to support that claim. When anyone can sell any amount of bitcoins they like so the price could adjust freely, then the price would not be a scam.
- shiftpgdn 13y agoBut anyone CAN sell bitcoins freely. Just because you've tied them up in an exchange doesn't prevent bitcoins from being sold.