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RE: Why Bitcoin is not rising?

in #crypto • 6 years ago

What's happening is that the futures markets are going short on bitcoin and 3 other of the top coins. Before the futures markets, it was all bulls. With the futures markets the bears are making themselves heard.

Besides, what good is a currency if it keeps going up in value? Volatility is bad for business. With bitcoin trading in a narrow range, the value is predictable, and that makes it usable.

What you really want is for people to use bitcoin right? A stable value will encourage that to happen. What you want is transaction demand, not speculation demand.

6 years ago in #crypto by
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     6 years ago 

    Wow, awesome. Thanks for taking the time to post this on this guy's sorry blog where he posts pictures of watches! . Almost like a tree falling in the forest with no one around. :)
    Anyhow I appreciate you clear explanation.

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     6 years ago 

    Hah! That was really funny. Thanks for the laughs!

    Anyway, I really do hope people figure this part out.

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       6 years ago 

      Unfortunately, this is not an opinion I see posted very often...well, EVER?!?! It's really kind of common sense though, right? :)
      Have a good weekend dude!

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