Until bitcoin can be used at the grocery store or at the gas pump its not going to get too far anytime soon. People buying/mining and holding surely isn't going to help its value. So I look for more of the same as we have seen the past year or so.
Not to say some new found value for the block chain could potentially boost price or another larger economic collapse,,, but would have to be much bigger than Greece and in a more technically advanced place like the U.S. economy collapsing, or China ..... Germany etc.
Glad to see BTC still fighting back this morning
if you see bitcoin being used at the gas pump and the grocery price would already be in the thousands.
Not necessarily. There first has to be a reason for people to take the extra step to buy bitcoin then go to the gas station. Rather then just to go the gas station.
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