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<p>[QUOTE="ToughCOINS, post: 7411450, member: 20480"]Being unregulated (at this time), I believe that it can be transacted peer-to-peer, which means it can be sold at any price the seller wants to ask, including at a discount to compensate for fees, or simply to make a quick sale. </p><p><br /></p><p>Being able to drop price to make a quick sale is one of the biggest reasons I would fear being the last one without a chair when the music stops . . . because those wanting to race for the exits will drop their price quickly and the most to be the first ones out at the first sign of danger. </p><p><br /></p><p>In that environment, drops are not gradual . . . they are precipitous. With tangibles, there is at least some residual utility if the price drops a lot. With BitCoin, there will be absolutely no residual value to it if the price collapses, so the exodus will be more emotional, and more dramatic.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 7411450, member: 20480"]Being unregulated (at this time), I believe that it can be transacted peer-to-peer, which means it can be sold at any price the seller wants to ask, including at a discount to compensate for fees, or simply to make a quick sale. Being able to drop price to make a quick sale is one of the biggest reasons I would fear being the last one without a chair when the music stops . . . because those wanting to race for the exits will drop their price quickly and the most to be the first ones out at the first sign of danger. In that environment, drops are not gradual . . . they are precipitous. With tangibles, there is at least some residual utility if the price drops a lot. With BitCoin, there will be absolutely no residual value to it if the price collapses, so the exodus will be more emotional, and more dramatic.[/QUOTE]
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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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