Depends on how one looks at it. Generally, less traded volume will also mean less price movement and when that happens, I supposed that also mean lower volatility that will eventually lead to price being more stable. When we say stable, it doesn't mean that price will not move at all but probably the rise or dip will be at slower pace. And maybe at that time, when businesses see there is a stability, it will somehow help towards mainstream adoption.

Higher volume does not necessarily mean there are more traders or because bitcoin is more popular in china than in the states for that matter. Never mind but I do have a suspicion that most of the mining farms are located in China (where cost of production is low, mainly electricity and mining equipment) and generally what I believe is that these people are mainly into doing business for profit and they will sell the moment new coins are found. And that leads to the higher volume of coins being traded.

The problem these days is that people tend to think negatively about bitcoin even if the problem doesn't really originate from bitcoin or is bitcoin's fault for that matter. No thanks to some of the ponzi schemes trying to link to bitcoin and then smearing bitcoin's reputation. So generally when we speak of heist, I have a suspicion it will also lead to the same thing, that somehow it might be related to bitcoin security. However, the fact is that some people actually left their private keys on the table for everyone to see and then they blame it all on bitcoin.

Well for me I'm prepared to do that (investing money which I can afford to lose) but just like everyone else I'm still waiting for the right time. The fact is that price have been moving up and down for the past few months and i think right now, buying in whenever there is a dip might be a good idea. The question is, if only I knew which is the bottom level and if I know that, I'll definitely go with it.

Sounds like it's a fake club to me. I bet the real one will send out a notifier to alert their members on when they are going to collectively work together to short the price and dump the market. Plus they would have an entry requirement, something like thousands of btc owned to be able to join the club as a member. That's how they could control the market.

I agree, I think that's the point that they want to stress on earlier. For instance, you can see amex, visa, mastercard, those are directly in competition with what bitcoin is trying to achieve right now. To become a payment system in the retail business. Obviously he can't be supporting bitcoin at the same time because the success bring eventually spell collapse for the others.

Wow, very cool. I like the idea of tungsten. It would be great if there is something like a hatch that will cover up the private keys and also coupled with a lock. That would actually hide the keys and if need to, will have to open up the lock in order to be able to see the characters inside. I imagine with a whole block like that nobody could be able to cart it away

If we want to completely decoupled value of goods priced in btc instead of dollar, that could only happen if everything were to be priced in btc. And that means not only getting paid in btc but also generally all the daily essential items plus services, can be bought using bitcoins. That means that if you walk into a convenience store, you can pay in btc similarly when you go to the barber shop, the guy will also accept btc. I hope I see that taking place some day.

More or less I would say that. They are just trying to predict price movement using analysis tools and I think the more time spent trying to understand, the more confusing it gets and most of the time it's not even accurate. I remember seeing ads about paying for the guy to teach how to analyze charts but I was thinking, why try to earn from the participants fee when the guy could game the market by himself.

I think what OP is trying to ask is whether there are any millionaires here who profited during the bitcoin boom, not trying to ask whether there's any chance for any of you guys holding onto bitcoin whether you will becomes millionaires. Never mind. I'm sure the question is 'yes'. There are lots of early adopters here and even if few of them have already made millions, might not be so kind as to let you know on the information.

It's pretty difficult to foresee what would happen in the near future. I think the volatility that is causing the major swing still remains as a major barrier towards mainstream adoption and I think the question on whether it will be stable someday can only be answered once we have reached the halving stage. Hopefully by then volatility will be reduced as we have less supply getting introduced to the market

Essentially what it meant to say in the quote is that "if you somehow got into trouble there will be a central authority to bail you out" and that is what fiat system is all about. Look at how many times commercial banks actually got into trouble accumulating bad debts and then ended up almost bankrupt only to be rescued by the central bank which essentially want to prevent meltdown in the economy. So for CS, being part of the banking system, these people generally loves how the way it goes, so to say.....

It's meant for a person who has just entered into bitcoin to try out how the system works. I'm sure most of us here started from there and that's me me included which I think it's a great place for someone to get free coins and then play around with it. Once you get the hang of it, especially on how the wallets work, it's time to get your own supply

I don't know how an individual is going to make any difference but if we can think the same and agree on the common direction, maybe that will. Over at where I stay I'm starting to form some small bitcoin participation group where we would organize some meetups and from there we'll share on when we are going to buy and such.

I remember when I first started I actually read through everything on the bitcoin wiki page at en.bitcoin.it
I think the information there are the most comprehensive thus far and should appeal more for the non-geeks like myself. The best thing is when I actually met up with a guy who also shares the same interest in bitcoin and I find that talking face to face with him also helps me to understand on a lot of thing rather than just reading alone.

Well, as what the title says, Credit Suisse, the Swiss financial services just recently wrote about bitcoin. And if you are a fan of collecting the gold bars, the name should also sound familiar. Although there is no special information in the article but at least for them write about bitcoin, shows that they are really serious about bitcoin. Here are some quotes on what they think


https://www.credit-suisse.com/ch/en/news-and-expertise/news/banking.article.html/article/pwp/news-and-expertise/2015/03/en/bitcoins-money-without-physical-form.html

Talk about selling, why can't it be conducted through auctions. I'm sure this will attracted a lot of interested parties. I don't know how they are going to conduct the sale but it sounds bad. I mean if they dump everything on one single exchanger all at the same time, it will surely cause the price to dip to a low level and that will certainly cause imbalances to the other exchangers. Looking at it, by right the sale has to be spread around to different exchangers.

That's great. Talk about the fees, I don't think it's an issue at all. Never mind if it's through Braintree and not Paypal because eventually it is still the same. And no matter what we just can't escape from the fees. If we compare that by accepting credit card payment, that is even worse. So for that few percent of difference and at the same time help to promote bitcoin, overall I think that is still good enough.

I don't know, I just thought we should be more positive trying to look at things. If we decided to bar and prevent everybody from using bitcoin and tell retailers, merchants or whoever that is going to use bitcoin to stop accepting it, I don't think that wouldn't help as well. For it to grow as a currency, we will need transactions to be constantly moving. that would be much better rather than just having it as an investment tool

My only worry is that the pump and dump trend actually makes people lose confidence. Just like yourself, I'm not putting money which I can't afford to lose. My hope is to see bitcoin become widely adopted in the near future. But looking at the trend where and how the price is moving, this will turn off mass adoption by the retailers and such. People need to have confidence in bitcoin.