You are viewing a single comment's thread from:

RE: Market down :(

in #bitcoin7 years ago

That is so TRUE... I knew #BTC was a weak coin... I think it is because of how hard and expensive it is to retrieve at this moment. Plus, how many merchants realize how hard it will be for thier unique, continous customers to securely spend thier BITCOINs. So therefore, I think that it's going to continue on plunging until it gets to a price that can produce a steady purchase for it.

Understand? When there are a certain number of transactions to a certain price, that's what it will be WORTH, for how long is based upon the actions of the #cryptocurrency market. Sometimes, there are some coins that hardly ever fluctuate or plunge, but "Steady" rise. Sometimes, depending on the market/economy, how fast the value rises.

So, in a way, #crypto #currency will outlast any other Tangible stocks because at least you can convert currencies, HOWEVER... you cannot convert solid stocks.