I'm not sure why so many people are worried, you should be sold atm and waiting to catch the bottom of this drop.

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Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

I see this argument a lot, and my question is this: what, exactly, would give consumers more of a reason to use bitcoin for legal transactions over existing payment methods? What will these new projects do differently that will make it more attractive for the consumer?

My opinion is that bitcoin's huge flaw in regards to regular consumer usage is that two of its major benefits both work in favor of the merchant.

Can't reverse transactions: benefits the merchant, makes it harder for them to get ripped off, but easier for the consumer to be ripped off, or to force them to accept what could be an inferior product with no guarantee of a refund.

Much cheaper on fees: benefits the merchant. Consumers don't pay fees on credit cards or cash, anyway, except interest fees for CC's when you don't cover what you bought, but that's fair because you're borrowing money from the issuing bank. In fact, the consumer will see a fee where they wouldn't with other methods, as they have to pay the fee when they send the bitcoins.

Unfortunately, it's not the merchant you need to cater to in business, it's the consumer. I think consumers are going to continue to prefer the safety and reversibility of transactions using other methods for the foreseeable future.

The only way it would work is if merchants provided a nice discount for using bitcoin, but not all merchants will want to do that, and not all consumers will want to go through the trouble of procuring bitcoins just to save 5% or something. Some of the merchants might have such small profit margins that they are simply unable to offer such a discount and still show a profit.

My opinion is the best hope is as a way to send large amounts of money quickly. I think banking on the consumer is very likely to be a lost cause, and I think a lot of the merchants accepting bitcoin are doing so as a publicity stunt and as a way to gain some business from the bitcoin crowd that they wouldn't be getting, otherwise. Not to mention the vast majority of them effectively instantly sell them.

It's not enough to be slightly better for people to want to go through the trouble of changing the status quo. It's got to be significantly better. I think for sending large amounts of money, this is true: it IS significantly easier, generally faster, and cheaper. The same can't necessarily be said for its use in the consumer/merchant relationship.

Give it up. Nobody falls for the "cheap coins" thing anymore.

hi, i just purchased hashlet from your links. could you please check ? Thanks !

That's exactly the situation I'm in and the situation I described above. And I love it!



I not only lost money in group buys, but also in the direct order of Scrypt ASICs. These aren't even delivered yet, which makes them delayed for months. And I don't believe they're actually developed yet. So, even when they're finished and released (which isn't presumable), I will lost the biggest part of my money as the given MH/s doesn't make any sense anymore these days.

I learned a leason out of this; don't invest in hardware which isn't actually developed yet.  However, I also learned a lesson about these hashlets; I was too carefully with buying (a lot of) them, and now, in the end, I can only think about the fact that I should have bought more.

That would be nuts to calculate. I haven't seen anything like this calculated before. Specially physical cash... thats so hard to account. Considering there are billions spent "outside the system" in underground economy. I don't think it's possible to calculate, dollar is still a strong top #1 currency.