Quote:
Originally Posted by ChiefRocka
Just one entitiy that didn't have its shit together. Price is holding and China is hoarding these things.
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Yea, except the same thing happened to Silk Road 2.
Bitcoin is a bubble. It is a good idea but has huge flaws that will prevent it from ever becoming more than a niche product for savvy internet users.
The hoarding is also one of the problems. If bitcoins were becoming more widely used then we would see transactions in bitcoins pick up. That's not happening. People are hoarding them with the expectation that they will go up. Since the market is thinly traded, they've been going up.