FREEDOM FORUM: Discussion

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Comment by PureTrust
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The Bitcoin crash isn't as disasterous as it may sound. A crash comes about when more people want to sell than there are who want to buy. That's it.

If your neighbor needed to sell his car, and he needed cash for it right now, so he asked you to buy the car, what would you tell him if you didn't want the car? You'd tell him to forget it. If he was willing to let it go for 50% of its value, you just might reconsider.

The Bitcoins are still out there. There are simply new owners, some of whom got a deal. Others were hurt a bit, because they bought their first coins late, when the price was high.

One of the best things that might come out of this crash - and probably the thing that a bunch of early Bitcoin users, and the core programers, want - people will start using Bitcoins for buy/sell transactions rather than an investment to line their pockets with standard bank fiat money.

The second good thing that will come out of this is, we will see if Bitcoin is really worth it... if it has true staying power. Personally, I ain't sellin' mine.

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