FUD says Mt. Gox's billion dollars of bitcoin will crash the price. I hope so, I really do, because I'm still waiting for some cheap bitcoins; $2,500 a coin is cheap enough for me.

I'm still waiting, because $1 billion of bitcoin will evaporate in a week or two of selling. $2 or $3 billion of bitcoin gets transacted a day... Already 82% of all bitcoins are mined and around May 2020 new supply will halve. You can love or hate that, but bitcoin is solid deflationary money. We shouldn't hold the `digital gold' moniker against it. Bitcoin is a global currency, with increasing acceptance, a huge brand up there with Trump and the NFL, a global audience and a record of appreciation.

Comments: Be the first to add a comment

add a comment | go to forum thread