we are going nowhere but nowhere
Parakeet warned you
Stop crashing Bitcoin, or even the last real world usage for Bitcoin beside child porn and terrorism will be gone!
http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1
“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.”
“I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.”
One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.”
They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process).
"It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!"
http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1
“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.”
“I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.”
One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.”
They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process).
"It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!"
Now that was one interesting highlight article
Kind of curious about this if the dealers can't handle the volatility and want to move to another coin that would be sort of a surprise
Not a total one though because as mainstream moves in to replace origins drugs sex booze gambling sites etc they would move somewhere else where their is less spotlight.
What coin is more stable than BTC?
I mean a not living dead coin, of course