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by jjeaff 3106 days ago
"parked"? No, since no real money or asset is held to back up bitcoin. It could go to $100 million tomorrow based on a few transactions, but that wouldn't be indicative of what anyone else will be able to get for it.
1 comments
celticninja 3106 days ago
Now that is just wrong. If the price went to $100m tomorrow it is because people are buying and selling bitcoin for that price.
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astrodust 3106 days ago
All it takes is a single trade at a $100M valuation and, for that nanosecond, that's the value of Bitcoin.
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celticninja 3106 days ago
Yes but no one really considers that to be the market price.
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jjeaff 3104 days ago
Yes, the exchanges would, at least until a bunch more lower transactions took place.
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