I really can't see Bitcoin becoming an actual currency that people use to buy food or whatever else. I think it's purely just a store of wealth like gold, but it's easier to buy/sell/trade than gold is for obvious reasons.

BItcoin cannot become a currency while the price is still going up. There is a small minority of people who buy things with Bitcoin now, but personally I think they're insane. Why pay BTC50 for a car when a year from now that BTC50 might be worth a house? They would argue that they're supporting Bitcoin by spending them, but I disagree.

My opinion on the future of Bitcoin:

- Average people like us use it as an investment (gold 2.0)
- Companies/banks/etc use it for transferring LARGE amounts of money around the world rather than doing slow and expensive wire transfers

The only way it can become a currency that all of us use is if Bitcoin banks start up. The same as how a bank controls your $$ now. They give you a debit card which you scan at a shop. The bank says to the shop "I promise I'll give you this money at some stage in the future". Then, if you've done something dodgy, the bank chases you to get their money back. The shop is generally not out of pocket as long as they've followed the rules.

The notion that people will be scanning QR codes at the supermarket checkout and waiting for transactions to propagate throughout the Bitcoin network is preposterous.

Yeah, maybe I should do this instead. Having a quick check once a week can't hurt. Plus, if it hits $100k/BTC, I want to know about it so I can sell some

Wallet security is not an issue. Without going into too much unnecesary detail, all my BTC are on paper wallets which were generated in a 100% secure and safe way.

It almost seems as though I have an obsession with checking the price, even though I'm not a day trader. It's like how some people do nothing except refresh their Facebook all day - I'm a bit like that with the Bitcoin price.

30% off the ATH less than 24 hours after the crash. Worst crash ever.

Gox: $785
BTC-e: $785
Stamp: $785.99

Consolodation is good... Right?

MA is finally turning around and starting to go back up.

You are correct. I have no idea what the other guy is on about.

Handle is becoming longer. $900 in 45 minutes. You heard it here first.

Mini cup and handle.

Since $200. It just makes me sad knowing I could've doubled my BTC today.

It seems so obvious now in hindsight. We had what, a triple or quadruple top at $1200-1250. It was obvious people didn't want it to overtake gold.

Oh well

Last time I buy and hold. Worst strategy ever.

My two guesses were $800, then $650. Now I have no idea. Hopefully not below $200 as that was my original buy in point.

I'm contemplating forgetting about Bitcoin for the next year, then coming back afterwards to see how much I made or lost. No forums, no checking prices. Nothing.

I think I'm spending too much of my time reading about it and not enough time on life.

Has anyone successfully done this? Did you have BTC withdrawals?

Lol, $100 spread on Gox.

Bottom found. $1000 in 3 hours time.

If it hits $400 I'll be running to the bank with cash hoping I can do an instant deposit to one of the local exchanges.

So the guy on Stamp sold his 1200BTC for $700. I think he's going to end up regretting it.

Does anyone else not even concerned, or is it just me? I'm enjoying just watching the chaos on the charts. Haven't sold a single BTC.

We get it. You want it to drop so you can buy back in.

The Norweigan guy finding out he had $880k. That was pretty much the beginning of the rally. Everything else was just fuel on the fire.