The Price Is Right

[bitcasino]

The main issue with Bitcoin is it's only really useful for criminals (drug dealing, money laundering, etc.)

In the early days of internet, these same critics were depicted 

[gogxmagog]

It is a little known fact that the iconic theme music "come on down" from The Price Is Right, was written by Canadian female; Crystal Waters

[johnyj]

In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.

I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?

The price is going to continue falling. The main issue with Bitcoin is it's only really useful for criminals (drug dealing, money laundering, etc.)

Think about it: Why would someone convert their fiat into BTC so they can then go to Taco Bell, or Wal-Mart, or fill in the blank, and buy a bean burrito with bitcoin? The additional exchange step is unneeded. To make matters worse you have to keep a record of capital gains. And buying bitcoin is not easy.

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Steve Jobs and Bill Gates created something that everyone wants, Satoshi created something that every criminal wants. Fortunately, there are a lot of criminals in the world to sustain the currency, but there's not enough ordinary consumer demand to get bitcoin mainstream.

Only care about gadgets while missing the big picture? Satoshi created something that free everyone from banks' slavery

People want to convert their fiat into bitcoin because fiat is a scam, why accept something that is created out of thin air instead of something created with real valuable resources? Of course most of the people are so ignorant that they don't understand the scam of banks, but with the help of internet, more and more people will wake up

[tokeweed]

In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.

I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?

Seriously...  Just wait in the sidelines for now.  Keep saving money in your warchest and wait for a better price to get in.  You get more bang for your buck in the process.

[Slark]

Only care about gadgets while missing the big picture? Satoshi created something that free everyone from banks' slavery

People want to convert their fiat into bitcoin because fiat is a scam, why accept something that is created out of thin air instead of something created with real valuable resources? Of course most of the people are so ignorant that they don't understand the scam of banks, but with the help of internet, more and more people will wake up

I can agree with your concept and ideas. But you need to understand something. People are slaves of current system and majority of us are blind to see that they are being sucked dry, enslaved and exploited.
Think of our situation as similar to Matrix. Satoshi created bitcoin and it is like red pill for people. What I am trying to say is we need a whole generation to pass and embrace bitcoin, we need new blood born in a new reality and then bitcoin may succeed. It won't happen in our lifetime probably.

[Daniel91]

Only care about gadgets while missing the big picture? Satoshi created something that free everyone from banks' slavery

People want to convert their fiat into bitcoin because fiat is a scam, why accept something that is created out of thin air instead of something created with real valuable resources? Of course most of the people are so ignorant that they don't understand the scam of banks, but with the help of internet, more and more people will wake up

I can agree with your concept and ideas. But you need to understand something. People are slaves of current system and majority of us are blind to see that they are being sucked dry, enslaved and exploited.
Think of our situation as similar to Matrix. Satoshi created bitcoin and it is like red pill for people. What I am trying to say is we need a whole generation to pass and embrace bitcoin, we need new blood born in a new reality and then bitcoin may succeed. It won't happen in our lifetime probably.

It seems you are very pessimistic about imminent future of bitcoin.
I think that people will change and adopt bitcoin much faster, as this will be the best option for them.
Already now people are aware of very bad banks practices and they opinion is changing slowly (Occupy Wall street).
So, very soon people will start looking for other financial options, how to get rid of banks and financial debts and achieve financial freedom.
They will realize that BTC is perfect tool for them and start using it.
When this happen, price of bitcoin will raise again.

[mrhelpful]

Its better to prepare and holding bitcoin and forget it ever exist then come back to it.

Cause all this does is add stress to the individual, who knows.

If you held 20 btc and forgot about it then come back to it since you can be up $20k potentially if prices skyrocket over time.

[1Referee]

Its better to prepare and holding bitcoin and forget it ever exist then come back to it.

Cause all this does is add stress to the individual, who knows.

If you held 20 btc and forgot about it then come back to it since you can be up $20k potentially if prices skyrocket over time.

It doesn't add stress at all. Only people who are not really made for investing experience stress. These people shouldn't get involved in investing money.

People are here to use Bitcoin every day, not to forget it for a few years. And even if that was their plan, only 1% of the people would be capable of doing so.

[ensurance982]

In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.

I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?

I dont think its possible for the price not to go up in the next coupe years without almost complete death.  The way that bitcoin is designed and the historical public reaction to it has meant growth in the past. It just taking the time it needs to make the next step. The average joe public just dont yet understand why its a better form of money.

I believe it's another form of money. It actually isn't that similar to money, many people like to stress that Bitcoin is more of an asset (I guess they're right with that assumption). Thing is: We don't know what Bitcoin actually it, and I don't think that we'll ever be able to put a definitive tag on it, either. It has different aspects, and I don't think that it will, for example, replace FIAT anytime soon - probably never!

[btcxyzzz]

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Saying that for the first money in history of the world is plain ignorant. Take a look at the Fiat-Gold-Bitcoin comparison table and realise it's the most groundbreaking invention since Internet.

[tabnloz]

MicroGuy

Think about it: Why would someone convert their fiat into BTC so they can then go to Taco Bell, or Wal-Mart, or fill in the blank, and buy a bean burrito with bitcoin? The additional exchange step is unneeded. To make matters worse you have to keep a record of capital gains. And buying bitcoin is not easy.

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Here's where I disagree. For the utility you're describing, Bitcoin isn't needed by the "1%" (more than 1% but a large percentage of the developed world whose economies & currency work fine). It's the "99%" who live in an economy affected by sanctions, inflation, lack of infrastructure / services and it becomes very promising.  In this instance it isn't about buying a coffee or taco, it's about retaining value at the expense of rentier fees and about transferring that value to wherever & whomever you like.

Extrapolate on from this and any economy that is adversely affected by global currency wars or a future credit crisis may also not give two pennies about buying a sandwich but may be interested in bitcoin as a store of value. It obviously is not a proven store of value at the moment and we haven't seen bitcoin react to a full boom bust cycle because it's still teething and the buckets keep bailing out any water in the global dinghy. But, citizens are definitely interested in retaining their value as exemplified by hoarding of gold. If bitcoin becomes thought of in the same way as gold, then forget your burritos, it'll be cold wallets in secure vaults instead.

[Amph]

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Saying that for the first money in history of the world is plain ignorant. Take a look at the Fiat-Gold-Bitcoin comparison table and realise it's the most groundbreaking invention since Internet.

also the point is not if it is needed or not, but if it offers a valid alternative, one could argue that for "bitcoiners" fiat is not needd at all, even today i could purchase thing directly by using btc, so why i should use fiat?

[nomoreheroes7]

The price is going to continue falling. The main issue with Bitcoin is it's only really useful for criminals (drug dealing, money laundering, etc.)

Think about it: Why would someone convert their fiat into BTC so they can then go to Taco Bell, or Wal-Mart, or fill in the blank, and buy a bean burrito with bitcoin? The additional exchange step is unneeded. To make matters worse you have to keep a record of capital gains. And buying bitcoin is not easy.

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Steve Jobs and Bill Gates created something that everyone wants, Satoshi created something that every criminal wants. Fortunately, there are a lot of criminals in the world to sustain the currency, but there's not enough ordinary consumer demand to get bitcoin mainstream.

This makes the most sense out of everything posted so far. BTC sounds awesome to libertarians/techno-geeks/criminals/gamblers such as us fine forum-goers, but we make up a pretty damn small portion of the world population. Joe Schmo doesn't care how his coffee is paid for as long as it's fast and convenient, and nothing beats credit cards/cash for convenience at this point.

[mrhelpful]

I think yeah 99% of people wont use it to a day to day basis, but it has other measures.

The technology is what should be accounted for, if its not looked as a currency and instead what it can be. Its like having email for the very first time, provided by a certain company but in this case there is no company.

So any future company who wants to adopt it has to buy it a certain cost.

[techgeek]

Its better to prepare and holding bitcoin and forget it ever exist then come back to it.

Cause all this does is add stress to the individual, who knows.

If you held 20 btc and forgot about it then come back to it since you can be up $20k potentially if prices skyrocket over time.

It doesn't add stress at all. Only people who are not really made for investing experience stress. These people shouldn't get involved in investing money.

People are here to use Bitcoin every day, not to forget it for a few years. And even if that was their plan, only 1% of the people would be capable of doing so.

I wouldnt say everyday, cause the hassle of getting bitcoin is a burden still.

Loops and established accounts on coinbase or however means to get bitcoin just makes the new user feel like its impossible. My friend who knows nothing but is a day trader pointed something hard.

If you feel no attacthment to your money, then I think the person is delusional. Its like saying I`m okay with losing $50k? 

[arvis]

In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.

I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?

The price is always right.... as long as you plan to buy and hold. 

[minerpumpkin]

The price is going to continue falling. The main issue with Bitcoin is it's only really useful for criminals (drug dealing, money laundering, etc.)

Think about it: Why would someone convert their fiat into BTC so they can then go to Taco Bell, or Wal-Mart, or fill in the blank, and buy a bean burrito with bitcoin? The additional exchange step is unneeded. To make matters worse you have to keep a record of capital gains. And buying bitcoin is not easy.

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Steve Jobs and Bill Gates created something that everyone wants, Satoshi created something that every criminal wants. Fortunately, there are a lot of criminals in the world to sustain the currency, but there's not enough ordinary consumer demand to get bitcoin mainstream.

This makes the most sense out of everything posted so far. BTC sounds awesome to libertarians/techno-geeks/criminals/gamblers such as us fine forum-goers, but we make up a pretty damn small portion of the world population. Joe Schmo doesn't care how his coffee is paid for as long as it's fast and convenient, and nothing beats credit cards/cash for convenience at this point.

We don't need Bitcoin as a payment system for coffee, steak, or whatever. We may need it to pay for our online purchases, for example if you don't want to give away your credit card information or have some distinct items on your credit card bill. I think we definitely need Bitcoin as the first open protocol for transferring wealth in which everyone can take part if they want to - without having to register, even. Also, Bitcoin makes for a pretty interesting asset. Why would people buy gold, actually?

[ensurance982]

Yeah, using BTC as a payment system in brick-and-mortar stores seems rather cumbersome. Even Apple Pay seems to suffer from some startup problems, and that thing is far better integrated than even the best BTC wallets, if you ask me. Bitcoin's worth has always been the technology, the open nature of the protocol and the fact that it's kinda unique, no - really unique, actually.

[thejaytiesto]

In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.

I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?

The price is going to continue falling. The main issue with Bitcoin is it's only really useful for criminals (drug dealing, money laundering, etc.)

Think about it: Why would someone convert their fiat into BTC so they can then go to Taco Bell, or Wal-Mart, or fill in the blank, and buy a bean burrito with bitcoin? The additional exchange step is unneeded. To make matters worse you have to keep a record of capital gains. And buying bitcoin is not easy.

Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.

Steve Jobs and Bill Gates created something that everyone wants, Satoshi created something that every criminal wants. Fortunately, there are a lot of criminals in the world to sustain the currency, but there's not enough ordinary consumer demand to get bitcoin mainstream.

Everything new and revolutionary that exploded into the mainstream was used by criminals only at the begining. Wireless communications, internet, encryption... it all ends up used by the mainstream, BTC will be no different.

[Natalia_AnatolioPAMM]

In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.

I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?

The price is always right.... as long as you plan to buy and hold. 

good investment for future anyway!