RE: Facebook and Telegram Are Kicking Things Up

You are viewing a single comment's thread from:

Facebook and Telegram Are Kicking Things Up

in bitcoin •  6 years ago 

can you please explain your reasoning as to why more stable coins would drive BTC down to $300? There is a gap that needs to be filled in.

bitcoin
6 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.02
  • Past Payouts $0.02
  • - Author $0.02
  • - Curators $0.01
1 vote
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  6 years ago 

    There is only so much money in the world. If another system such as Facebook uses a stable coin it means people will simply exchange dollars for Facebooks stable coin. That money wont ever touch Bitcoin or be traded for bitcoin. This then leads us to less usage of bitcoin as Facebooks etc sable coins replace the transactions.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.03
    • Past Payouts $0.03
    • - Author $0.02
    • - Curators $0.01
    1 vote