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I think the true colors of Bitcoin "believers" become pretty obvious when they are all so very preoccupied with the price per piece. I read some pretty ridiculo
by kolev 12y ago
I think the true colors of Bitcoin "believers" become pretty obvious when they are all so very preoccupied with the price per piece. I read some pretty ridiculous explanations that volatility is good, because it attracts "investors", and this is supposed to be good for it.
- TomGullen 12y agoVolatility will attract traders, the only benefit traders offer is liquidity (a marginal benefit).
- kolev 12y agoI'm not discussing the validity of the ridiculous statement, just quoting "believers" who would find all excuses for their beloved Bitcoin. The term of the week is "flash crash"! The longer people repeat it (i.e. validating it's not a "flash crash" as time passes by and the price is not recovering), the more ridiculous it gets!
- kasey_junk 12y agoTraders can also reduce the bid/ask spread.