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To: discostu
As I mentioned at the outset the main price driver has been wealth transfer. The people buying CC in China are price insensitive, they need to move 20 miillion whatevers out and will buy however many CC that 20M buys. Then sell. But there's a delay in selling because they are holding instead. Without the price rise there will be less holding, but still some

Think of this example. You are a rich Chinese with one child. You send that child to an American university and hope to retire in America. You buy CC and wait for right time to leave. Those Chinese are not trying to "beat the banks" and have a positive effect on price.

The kids who are the source of your hangup are trying to beat the banks, but they are not true believers like me. They are just killing time, using the free electricity given to them, and cashing in when the banks get interested in their CC. They don't choose an existing CC, they make a new one. The bank doesn't tell them what to do or how to do it. The bank doesn't sell graphics cards.

Will there be billions more now for the kids? Probably. The alt-coin bubble is just getting started. Was there billions for them in the past? Absolutely. Who mined and bought them at the outset? You are delusional if you think that was the banks.

63 posted on 02/04/2018 4:12:48 PM PST by palmer (...if we do not have strong families and strong values, then we will be weak and we will not survive)
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To: palmer

You really need to learn basic math. with only 7.6 billion people on the planet there are NOT billions of kids in CC and will NOT be billions more. Your addiction to hyperbole and true believer bullshit shows you are a moron. The reality of the situation is that the corporations, including the banks, have already taken over the CC industry, and all you true believing idiots are doing nothing more than using your electricity and time to help make sure they own it. You’re fools and tools, and beneath contempt. Have fun helping your enemy, further missives from you will not be read, I just don’t have time for any more painful stupidity.


66 posted on 02/04/2018 5:21:47 PM PST by discostu (Lick here [ ] you might be one of the lucky 25.)
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