seleme
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OneHash.com - Mutual Betting & Casino


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April 03, 2014, 06:56:42 AM

Lets face it guys we're a bit fucked. The bottom line is that all money in Bitcoin eventually needs to move through the exchanges and people aren't willing to trust the exchanges. So all that BTC thats gone may affect the price upwards in the uber long term due to lack of supply, but if there isn't a safe way to express demand, supply matters not. We'll recover but this might be another 2 year ride (no guarantees, but it seems like a real possibility). I sat through one I can sit through another though, I guess.

Meh, trust in exchanges means f'all. If few whales start a bubble you'll see people in line begging to send their money to exchanges.

Good old greed beats any trust problems.

Not really. At least, not in my experience. Even if bitcoin is bubbling, if people don't trust  the exchanges, they just won't invest, primarily because they don't seem to understand that you can be independent of credit risk by withdrawing your coins... :\

yeah, that's why we have zillion of people from November here Cheesy

There is enough people on the planet who will feel the need to send money there as soon as their greed indicator goes to green  Grin

I don't doubt that a second, it's only a point when circumstances will be such for that to happen or to make it simple - when next bubble will start.