keithers
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This is the land of wolves now & you're not a wolf


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February 26, 2014, 08:51:36 PM

2012 called, he wants his "bitcoin will never be a serious currency" argument back. Markets need buyers and sellers. Price discovery, liquidity, market makers, all that.


Well, what was true in 2012 is true now. Not much has changed in bitcoin structure that would make this argument obsolete.
Yes, markets needs buyers, sellers etc. It's hard to understand what you're trying to say with that. It certainly isn't a counter-argument to currency needing stability and bitcoin being unable to offer it.

I assume more buyers and sellers create a more stable price. You should have been here last year when a few hundred coin dump could take the market lower significantly. We've come a ways since then.

Always is the best time to buy when there's blood in the streets...at this point, bitcoin has too much momentum to not recover.  Recoveries may take a little longer than they used to, but it always bounces back