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Strategies & Market Trends : Beat The Street With SI Traders

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To: Rocket Red who wrote (125826)	11/20/2013 9:47:04 AM
From: Bear Down	Read Replies (1) of 233807

You really are clueless. BTC is not a stock..... because the demand is dictated by how many people will accept bitcoins, it will continue to grow. because the price is irrelevant to the person buying goods with BTC due to the ability for BTC to go out 8 decimal places and transactions are denominated in dollars it demand doesn't slow down even if a BTC were a million dollars. If a BTC were 1 mill and you wanted to spend $100 on just-dice.com you would buy and send .0001 BTC.... no difference to you if BTC was at $10 and you had to buy and send 10 BTC for your $100. it is still $100.... when you can grasp that you will realize that the only way for the demand to dry up would be for the demand for gambling, blackmarket drug site and subway in PA and everyother business that accepts them to no longer accept them. Ain't gonna happen Since the seizing of silk road the other 3 major black market site have sucked up all the biz of SR and nearly doubled it thanks to all the press. Now SR is even back online and will eventually have a slew of users again. you don't get it, this is out of the government's control just like the importation of heroin, cocaine and any other illicit substance. Unless you think the US gov has juiced those markets as well so they could take them down. Well it's been 40 years since the war on drugs started and it hasn't even been dented. They say smoking pot makes you stupid, lazy, and hungry and in 40 years the government can't win a war against a bunch of hungry, lazy stupid people. talk to you when you can get a grip on that....otherwise, you've got your education. I didn't say go buy bitcoins as an investment...but if you want to use them by buying the fraction of one that you need for your transaction you will see what I mean. The vendors and drug dealers are getting rich because by the time thy get their BTC's out of escrow after the package is delivered, the BTC are worth way more than when they sold the goods. if you don't understand it you should learn it or just shut up about it but you are so clueless you can't even see through an amazing clear glass

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