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1  Economy / Speculation / Explaining Merchant Adoption's Effect on Bitcoin's 2014 Price Correction on: September 11, 2014, 05:45:52 PM
I'm wondering everyone's thoughts on how long increased merchant adoption will cause the bitcoin price to fall.

Here's a very well-written article explaining how during 2014, merchant adoption in bitcoin was a major reason the price has been falling all year.

http://cryptonomyreport.com/2014/09/bitcoin-2014-price-correction-explained-merchant-adoption-effect/

But how long will this effect last? The article concludes by explaining how over time, increased merchant adoption will eventually lead to more people getting introduced to bitcoin and will outweigh the negative effects.

I'll post two small snippets below, remember to check out the article and share your thoughts.

Bitcoin 2014 Price Correction Explained

Reason for decline:
Even though the acceptance of bitcoin for payment by these large corporations have helped legitimize this technology, the effect of increased merchant adoption has helped push down the price of bitcoin. The reason increased adoption has contributed to the price decline is simple. People who would’ve continued holding their bitcoins were now able to spend them (which is what they’re mainly supposed to be used for) and the merchants who accepted them, sold them immediately for the cash value. ...

[...]

Long-term positive effect:
As mentioned at the beginning of this article, cryptocurrencies are an extremely difficult concept to grasp. Their decentralized nature means that no single entity is responsible for educating consumers about what bitcoin is. Increased merchant adoption on a massive scale will immensely benefit bitcoin since these corporations will assist in educating the masses. ...
[...]

Full Article:
http://cryptonomyreport.com/2014/09/bitcoin-2014-price-correction-explained-merchant-adoption-effect/
2  Alternate cryptocurrencies / Marketplace (Altcoins) / WTS 2,000,000 CorgieCoin (NEXT DOGECOIN) Much wow!! Rock bottom price on: February 02, 2014, 10:39:36 AM
CorgieCoin IS the next Dogecoin. With the strong development team behind this coin, it will take on DogeCoin in 2014.

I started mining relatively early, but the difficulty shot up like crazy as the network hashrate exploded. There is a lot of interest surrounding this coin and they are becoming extremely hard to come by so PM me asap.

First come first serve, this low price will not remain for long. Get in on the ground floor. I'm willing to do escrow or any secure means of trading to ensure security for both parties, just PM me! 



Website: http://corgicoin.com

Much wow Cheesy PM me for details
3  Alternate cryptocurrencies / Altcoin Discussion / HUGE CONTEST: Win $50 of Your FAVOURITE Altcoin! Guess & Win on: January 02, 2014, 05:09:07 AM
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