>>85
BUBBLE BUBBLE BUBBLE
It's like I'm living in June 2011 all over again. I look forward to picking up coins for $5/BTC in a month after everyone decides it's time for a market correction and dumps their stash in anticipation of the event that they are creating.
That's the problem with bitcoins. Not enough real use for them right now. If we want it to succeed (which I personally do), as a currency rather than a security, the part where there are lots of places to spend and receive bitcoin need to come first. Then speculation can be tempered by actual usage of the money. As it stands, bitcoin is pretty much denominated in dollars. If you want to sell something, you think of a price in dollars (or yen or euro, but those will likely be processed as cross-currency trades of the dollar anyway) and then convert it to bitcoin. (Perhaps if three-dee printing lives up to it's hype, things will get better, where people can just name 5BTC for a design or something.) All these 60% rises and falls over the course of three months is very off putting to adopters and is really going to burn people who buy at 50$ and watch it lose half it's value in a month (or people who sell at 25$ thinking it's doing to fall and watch it rise to 50$). All this volatility isn't good for anyone except the speculators (if I were a certain Russian, I'd blame the chosen people).
Not that I'm helping with that. I'm much too scared to start any sort of enterprise. This is a problem for someone who isn't me.