/biz/ - Business & Finance

>>555285
whoops

>>555283
>That makes even more of an argument for market manipulation. Yet people complain about fractional reserve banking...
Yup, which is why gox dieing was ultimately good for bitcoin
Bad exchanges are left to burn in the free market rather than bailed out to let more money burn.

>mining moving over to people who are willing to part with BTC for less profit.
You're implying miners are selling coins as they mine them.
Do you have any proof of this or are you just speculating because you think 'why would they hold?!?!'

>The majority of the Bitcoin startups do not make their money off Bitcoin price increases. They make money off of charging fees for Bitcoin services. If Bitcoin dropped to $10 and people were still transacting the same volume, the startups would still make the same amount of money.

Yup

And that's how the economy works!

It's a good cycle where investment in businesses indirectly benefits everyone involved in the economy due to more trading and etc

>more of something must be bad