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1  Economy / Speculation / What drives rapid change with Bitcoin? on: April 02, 2014, 09:00:14 PM
First, thank you for those of you who have provided a ton of information in this forum to noobs like myself. I appreciate it.

I am new to BitCoin, I believe in it as the technology and economics of it are sound (limited quantity, decentralized, etc). I also recently purchased about 10 BitCoins at $600.

From what I gather the price is going to fluctuate and be volatile for obvious reasons. More so than other commodities as the supply of bitcoin is fixed and the price is fully dependent on demand.  

Now my question:

In the foreseeable future. What are the factors/predictions to drive these forum predicted prices like $10000 or drop to sub-$100?

From what I gather things like the below are correct. What are your thoughts or opinions? or am i missing something obvious?

My guess is something like technology that increase the usability of bitcoin which will allow for rapid adoption. Or a large company like Google or Bank announcing support. (though if that was the case why did Stripe adoption not drive the price up? or did it with this past temporary bump?)

As for drop, If the major holders of bitcoin sell a lot (though this seems odd as with the quanities they hold it would be hard to find buyers for that many without massively dropping the price) and in that matter I still see minor holders keeping what they have.  

-- I wanted to add clarification to my question, I am not asking for speculation. I am asking what examples can you provide which would affect the price. Outside of the few thoughts I had.

 
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin Island on: April 02, 2014, 01:35:18 AM
We should amass bitcoins and buy an island.. make it a country and have it's currency BTC.  That is all.


yes great Idea, lets make btc stores and jobs, btc mini gov.  I like this idea, More Ideas, how come and live there when is ready.

Should make a direct democracy non of this representative crap that actually is not a democracy no matter what any one says.

all voting recorded in the blockchain

That would honestly eliminate fraud... though you would have to register your name to a wallet....
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