bassclef



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Hero MemberActivity: 924Merit: 1000 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion February 26, 2014, 06:38:50 PM #98157 Quote from: kkaspar on February 26, 2014, 05:06:06 PM Quote from: bassclef on February 26, 2014, 04:55:16 PM Quote from: kkaspar on February 26, 2014, 04:53:42 PM Quote from: Miz4r on February 26, 2014, 04:38:15 PM User count is going to stabilize at some point, and will become lower than the actual BTC inflation rate. I see no reason why that wouldn't lead to price stability (not in USD terms perhaps but that's because USD is actually not stable at all).



It's hard to believe that the usercount will stop and stay stable. In my idea, it will more probably either increase or decrease.

But what remains the same is that the inflow of new coins will slow down and get more expensive.

All of it combined will keep bitcoin far away from stability.

It's hard to believe that the usercount will stop and stay stable. In my idea, it will more probably either increase or decrease.But what remains the same is that the inflow of new coins will slow down and get more expensive.All of it combined will keep bitcoin far away from stability.

Good news for day traders.

Good news for day traders.

Yeah, exactly! Most of the people are here because they are interested in buying low and selling high, so they can make a easy buck. People aren't here because bitcoin is a practical currency for everyday use. It's all good fun, but bitcoin can't become a serious financial tool because of that.

But, I think that the idea of open sourced and transparent monetary system, that is supported by the internet, is very important and it is the future. Bitcoin is just financially too simplistic to do the job. Something more complex has to be made to create a practical currency, that follows the same open source rules of transparency.

Yeah, exactly! Most of the people are here because they are interested in buying low and selling high, so they can make a easy buck. People aren't here because bitcoin is a practical currency for everyday use. It's all good fun, but bitcoin can't become a serious financial tool because of that.But, I think that the idea of open sourced and transparent monetary system, that is supported by the internet, is very important and it is the future. Bitcoin is just financially too simplistic to do the job. Something more complex has to be made to create a practical currency, that follows the same open source rules of transparency.

2013 called, he wants his "bitcoin will never be a serious currency" argument back. Markets need buyers and sellers. Price discovery, liquidity, market makers, all that. We're still in a volatile pre-IPO-like phase, one that is traditionally not available to regular investors. I'm thinking longer term. 2013 called, he wants his "bitcoin will never be a serious currency" argument back. Markets need buyers and sellers. Price discovery, liquidity, market makers, all that. We're still in a volatile pre-IPO-like phase, one that is traditionally not available to regular investors. I'm thinking longer term.