It would be useful to define what a Bitcoin user is first. Is it someone using them for buying stuff, someone who have any or just someone who've shown interest?

I think 100k-250k is a way more realistic figure than 1mio+.

My logic is really simple. You said it - "The people who want to buy the bitcoins are the ones providing the liquidity". Sure. But if 70% are selling and 30% are buying do you really think that all positions will be fulfilled?

Checking in to make sure Psytoshi didn't move any of my posts in this thread over to my giant pussy thread.

Hey guys

As ed,is requesting me to remove my posts about him,i m asking your opinion about that

so let s vote please

Democracy it is

Seriously, why would you even want to read a thread entitled such?

I have an idea? Why don't we use our collective mind power and wish for Zhou Tong to return to this forum? And if that works, we could then do the same to have Mt Gox release the Bitcoinica funds that they're holding hostage.

Now, about my uncle...

Guy probably types with two fingers.

It is useless adding alt coins trading which offer no extra advantage to Bitcoin. Network security is based on focusing miners work in one solid cryptocurrency. If miners work gets diluted in several forks, the stability of the network can get compromised.

I feel I will shut down my Mt.Gox account if this happens.

It's not bullshit at all.
All currency has a cost.
You can't compare bitcoin to paper money because bitcoin is not in use like paper money.
The fact that some countries get rid of the smaller denominations is completely unrelated to the cost of bitcoin.
Moreover, bitcoin does't have denominations of value. It is a broken comparison, whatever you may have wanted to tell with it.

Another reason why you can't compare fiat to bitcoin is the mechanics of making it work.
Money is re-usable while bitcoins are not.

Planning and designing paper money is something you do once (or once in a while). After that you can use the design as many times as you like.
The main costs of paper money are in the accounting and the energy of transporting it, not in its design or production.
To print a single dollar note of any value costs less than $0.1
After the printing the note can be used may times.
But you have the cars that are transporting them from place to place every day. But even then the transportation costs for these bulk transfers are fractions of percents of the total value transported so its still not much, relatively.

Compare that to bitcoin.
In bitcoin you have to pay every time you transfer value. Right now the client asks for 0.01 bitcoin which is about $1.56 per transaction. And then you still need to wait some time before the transaction happens.
So this is already quite a barrier for use as a currency and this is only the beginning.

And that is besides the fact that there are miners pissing away heaps of energy just to make it all work. The $1.56 doesn't actually cover the network because the fees are nothing compared to the block rewards. In other words, in the future when all income would need to come from fees the $1.56 will not be nearly enough to cover the costs of miners.

I think someone figured that mining a block of 25 bitcoin costs about $40 worth of energy at the moment.
That's about 1% of its current dollar value.
You could argue that a single bitcoin will be worth much more in the future and then the production costs will be relatively smaller.
But this is not true. Bitcoin value follows hashing power. The more energy expended the higher the price goes.
So to make bitcoin more valuable we first need to expend more energy on mining.

Think about these things and expand them to a substantial part of our economy and you may start to see my point.

Uh... How do you think your credit card works? [Hint: It requires multiple computers and a whole lot of actual computation to even do one transaction.]

This is the stupidy of the deflation argument so often quoted on these forums, most people with any investments/wealth keep it in property/stocks/income generating assets. These assets largely outperform inflation, so real values go up not down over time.

And if price skyrockets, I guarantee that people will mostly want to SELL.

Let the market decide what the support of Litecoin trading says about Gox.

Again - get real. 1% of the world economy is ~ 300,000,000,000.00USD.

That's 300 billion. The total amount of coins ever is going to be 84 million.

It means that in that rate a coin will be worth ~3571.42$ per coin.

If it goes so high inflation will destroy world's economy. It might go to 1000000$ per coin, then drop to 1000$ because there are no real money to cash you out!

Do you get it or shall I explain in more detail?

Let's get it a bit easier.