The indicator I am watching is sloping down slightly, but it is darn near flat. By no means indicates that the price decline is sustainable.

At some point soon!

they will say, Does not compute

Let me put it this way—as soon as people learn that they can get their money out of Gox, it will come flooding in.

It may seem slow now looking forward, but I'd say going from a brand new currency four years ago to a $1.1 billion dollar market today is pretty damn impressive.  Yes, some bitcoin businesses are succeeding, others are failing.  That's totally normal.  Remember that something like 90% of businesses that are started fail, so this isn't any different than any different market.

It is true that many entrepreneurs suffer a number of failures before they are successful. They follow the adage "If at first you don't succeed, try, try, again." In fact, failure can teach many lessons to those willing to learn and often leads to future successes. This is clearly shown by the corridor principle, which states that with every venture launched, new and unintended opportunities often arise. The 3M Corporation invented Post-it notes using a glue that had not been strong enough for its intended use. Rather than throw away the glue, the company focused on finding another use for it and, in the process, developed a multimillion-dollar product. Yet, the statistics of entrepreneurial failure rates have been misleading over the years. In fact, one researcher, Bruce A. Kirchoff, has reported that the "high failure rate" most commonly accepted may be misleading. Tracing 814,000 busi­nesses started in 1977, Kirchoff found that more than 50 percent were still surviving under their original owners or new owners. Additionally, 28 percent voluntarily closed down, and only 18 percent actually "failed" in the sense of leaving behind outstanding liabilities. 12

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

Shame that bitcoin gets all the bad press (extortion, drugs, money laundering).  Where's all the good press like charity drives and benefits of crypto currency?

Very enlightening video.  It is a bit depressing though.  I guess it just shows us how things have not changed much, unfortunately.

It is a bit disconcerting thinking about what may happen.  I guess I am surprised the banks are not fighting BTC more then they already are? I suppose they do not see it as a very big threat yet?

Yes. They painted a target for the bankster-complex to aim at, not only on their backs, but on their faces too.

When the media cries SELL...it is time to buy.

Same works in the opposite direction. PMs are on a nice dip...might be a good time to buy.

OK so Gold is collapsing, where is Bitcoin?

All y'all waiting for the mythical permanent backwardation of gold?

I am here to tell you that it is not going to happen. There may be a normal backwardation, but the New Austrian theories for permanent backwardation are predicated on gold being a special class of commodity with magical powers.

The reason that will not play out is that what we are actually seeing is gold reverting to an ordinary commodity with no magical powers. The investment demand is eroding, and what will be left is pricing based on regular supply and demand. This means that pricing will revert to mid 1990's levels adjusted for inflation. $400/oz gold and $6/oz silver.