Hacker News new | ask | show | jobs
by shredfvz 4855 days ago
It's a double edged sword. The unique point of difference benefits of BTC itself remain unchanged regardless of current market price, and furthermore, should early adopters dump all old coins onto the markets all at once, the lower price would only make it more affordable for newcomers to buy at discounted rates.

Recall that early adopters of questionable loyalty to BTC already had a chance, or two or three, to cash out at very favorable rates. Many did. The result is Bitcoins continue to drift into stronger and more loyal hands. Meaning, as time passes it grows less and less likely for there to be ANY event capable of destroying confidence in the markets. If you get into BTC at this point, you should know fully well what the risks are.