So far it's just people blowing the trumpet for their own departments.

"We are great - this is all the great stuff we've done".

Dull.

You mean we are at the "new paradigm" stage?

A switch to lower denomination is an excellent idea. I still talk to people who don't realise btc is divisible and as such think that it can't work.

M-Day is also a great idea - but the 2nd of June is far too soon. Get general agreement on a proposal on this board. Then gent consensus among a significant number of the exchanges and chart sites to default to mbtc in principle (with an option to switch view to btc). Then try and hammer out a target date.

Good point re. software. The wallet sites and wallet software devs would need to agree too.

I'm glad it's a professional astrologer. I wouldn't want to hear what some bs-spouting charlatan had to say.

I think there is a paradox. Relative price stability, even with a general downward trend, is favourable and in itself may encourage take up.

If it does play out the same way, then a period of slow decline to about $80 is likely, followed by minimal movement for a while.

You can be bearish or bullish on a price, but you aren't a bear or a bull. Likewise you can only lose a shirt if you have invested. If you are watching then you are in no risk of losing your shirt.

This forum is full of loonies who are more interested in posturing than in crypto currencies. 80% of buying is speculative. Where is this thrumming btc economy you speak of (SR aside)?

Other than the dream of being rich, and a general belief in the potential of bitcoin, what exactly is the reason for a rising price? Yes bitcoin is useful, yes it's novel, yes crypto currencies are likely to be a feature of the future economy. But really?

People are getting wrapped up in a fantasy of buying a few coins and making thousands. The boat for that has gone. Get a time machine and buy a few thousand in 2011. The current high price has already priced in a lot of future potential.

This current rally is based on very small volumes. The trend seems to be for low volume rallies and high volume crashes. I can't really make head nor tail of it.

We can't ignore the usual speculative rise, crash, rise, big crash format that tends to play out.

I think you'd need to have a fair amount of money and btc in a few exchanges in order to make it worthwhile.

BTC may pave the way, but there is no guarantee it will be *the* crypto currency in 10 years time. There may be a variety of them for different functions.

Post count building...

I don't think I've ever lurked on a board before. I am usually too keen to hear my own voice to just read and listen.

SEPA transfers can take a few days. My deposit to Bitstamp took 2 days.