Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
tim333
on Oct 6, 2014
|
parent
|
context
|
favorite
| on:
Bitcoin falls below $300, lowest in 11 months
For the Fed to collapse the value of bitcoins they would have to sell lots of bitcoins. They can't do that because they don't have bitcoins to sell. The can print USD but not bitcoins.
adamtucker
on Oct 6, 2014
[–]
If the Federal Reserve can print USD, and USD can buy Bitcoins... am I missing something?
tim333
on Oct 6, 2014
|
parent
[–]
Yeah they can buy them but that won't make their price fall.
adamtucker
on Oct 6, 2014
|
root
|
parent
[–]
"For the Fed to collapse the value of bitcoins they would have to sell lots of bitcoins." tim333
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: