Bitcoin question.
6 2017-11-01 by Qazmko12
Anyone think the banks are buying up bitcoins and are going to pull the rug out from under it? Just a thought I've had from time to time. I just can't see them giving up power that easily. A massive sell off by them could cause panic and a crash. Thoughts?
26 comments
1 mercusn 2017-11-01
If they buy it up then the price would increase massively, which would be great for anyone holding bitcoin.
1 of_mendez 2017-11-01
That would only make it change price for a moment, even if the price change is dramatic, you can still convert to other currencies in seconds, avoiding any possible loss or risk shapeshift.io
1 fullspeedornothing- 2017-11-01
We are building ways to send BCH and have it instantaneously convert to USD on the receiving end. That way price fluctuations are not relevant, as the price of BCH does not change much in any 2-second time-frame.
It's to do with tokenization and pegging real-life assets to it.
In the long-run, if Bitcoin Cash succeeds, we may see the price just become and stay stable. At around 3 million a coin, or some ammount. No one can predict the precise ammount.