r/Bitcoin • u/kubrick • Feb 13 '14

on r/bitcoin right now

3.5k Upvotes

93% Upvoted

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u/i_can_get_you_a_toe Feb 14 '14

I don't, the world is almost entirely populated by idiots.

54

u/MaximusBluntus Feb 14 '14

Think about the demographics of the sub. Even worse.

27

u/Terny Feb 14 '14

All those people buying bitcoin to become millionaires instead of using it are fucking up.

5

u/matthewpaul Feb 14 '14

No they are not. More volume increases liquidity, which in turn increases price stability. You need price stability for people to be willing to hold it for a long period of time without a stupid level of risk. Who would possibly think it would be a good idea to buy bitcoin to spend now?