You are viewing a single comment's thread from:

RE: "The DAO" now holds 12% of Ether supply, approaches $100M value, and is still rapidly growing. Is it too big?

in #ethereum9 years ago (edited)

In the current environment crypto funding only drives the price of the asset that is used for funding down (Bitcoin or Bitshares or Ether for example). The reason for this is very simple: The asset is in the hand of a few.
They were holding strong while other dumped. The price became stable or even climbed.
But now, they think, they do something good with their asset and want to buy another asset with it.
What happens next? The payed asset will get dumped by the receiver, because he can't use it directly yet. He only got it in order to use it for his company and the only way to USE it, is to dump it and use the money...

This can only change, if crypto is widely used so that payments in ether, bitcoin or bitshares don't have to be dumped in order to be used for payments.