I fairly believe that Bitcoin is going to start picking up from 1st Jan onwards.
I have strong reasons to believe so.
Do you agree? Why/why not?
This is what's happening:1. The bitcoin community as a whole is focused on merchant integration on the POS side alone.
2. These efforts have succeeded, resulting in ever increasing selling pressure. (merchants generally dump the bitcoins daily)
It will be impossible to line up enough individual buyers to compete against this massive seller network. The only solution is to change focus and give some attention to the payroll side of the equation. This will help turn merchants into bitcoin users instead of bitcoin sellers.
Unless we see more attention paid to this side of the scale, expect the price to continue its steady decline.
+1
I can't agree more. Unless people start getting income in bitcoins there will be no real benefit of having all of the infrastructure built. On the other hand it must be beneficial for an employer to have this option. I see following reasons why a firm might be interested in paying certain percentage of wage to employees:
- to decrease tax
- innovative company benefit for employees, like giving company shares as part of the salary
- raising prestige among IT population
