What I’m saying is that this price drop is no surprise and had to happen with this rate of inflation and technical problems on the demand side.

Possible obvious solutions:

1. More efficient exchanges
2. More support from shops, leading to increasing viability of price arbitrage in case of a BTC/USD drop
3. Reduction of existing supply by Bitcoin investment opportunities (ie upcoming stock market)

My opinion is that this price drop is due to the inefficiency of exchanges to serve the demand for a longer time span, particularly MtGox.

I have seen people wanting to invest in EUR, and their bank transfers being delayed for a week now because the exchange relies on a single person. Liberty Reserve was down a few days. If you have a look at the marketplace forum and #bitcoin-otc channel, you will see many people explicitely buying MtGoxUSD which seems to confirm my statement.

I don’t think the MtGox price reflects the "true" market price at all because it’s so difficult to get money in.

We are seeing much media attention at the moment by the way, being on Econtalk and various bigger tech sites.

673447

Check your PM.

I disagree. Once a few move, a chain reaction will ignite. We recently got Wuala to accept Bitcoin for example. Although Bitcoin is not directly linked on their site, it gives a pretty good discount for the current Bitcoin price. More of this and I am certain that it will spread and gain more prominent places as demand grows.

Very interesting discussion, thanks for this thread. I cannot make a real statement though, as I am torn apart myself and have little trading/investment background. On the one hand, I think that funds are almost certain to come in at some point as Bitcoin is indeed a brilliant idea once understood. On the other hand, it’s a bit like waiting for a stimulus and if it doesn’t come, uncertainty follows.

Therefore I suggest we invest in creating "real" demand by getting bigger shops and organisations to accept Bitcoin. This would be much healthier in my opinion, as it would create a long-term growing demand which we are lacking at this moment.

You are one of them.

Trying infokrieg.tv.

You could just cut out the second one, exactly like centi – it’d be mil, mic, nan etc. What’s the problem with "800 mic"? I think the SI would work just fine.

95.63

MtGox accepts EUR bank transfers for free now and handles them automatically if you didn’t know about that yet. I guess I’d just buy there because people tend to charge more.

Have a look at the orderbook. There’s little supply below 0.85$. Also, dealing with him directly may be easier and quicker than funding your mtgox account and retrieving the money.

Please don’t take mtgox’ momentary price for granted – it doesn’t say much.

Nooch charges 0.2$ for every transaction. See page 8 of the pdf.

Awesome! Although I don’t understand why you’re making it so complicated – markers are useless because I can see all transactions over blockexplorer. My suggestion is just let people send you an email and you send them a newly generated address.

Another thing I’d like to see is if you could create a link on https://www.wuala.com/de/pricing/, maybe with a logo (search the forums for these). It should also be seen by the general public in my opinion, and not just dedicated Bitcoin users.

I’ve sent you the 5 BTC reward. Keep this up!

I agree, although I didn’t contribute to the bounty, either. The video doesn’t exactly fit the thread’s requirements, but it’s really damn good, so I think that this would be fair and provide an incentive to do another one.

That’s because PayPal isn’t a whole new currency based on P2P and cryptography. You just dump your dollars there and trade. Bitcoin is much harder to understand.

We need this technical video too in my opinion.

I wouldn’t know. The kind SENS is trying to fabricate.