Explain then how people are supposed to buy bitcoins if they want to use it while not making price to go up
Well to that point, anywhere *but* the exchanges will allow you to do just that, whether it be in-person trading (localbitcoins), on IRC, or anywhere for that matter. Volume of transactions doesn't currently automatically increase or decrease the price. As it is, the major exchanges such as MtGox are the ones responsible for that (something that should not be taken lightly to a supposed
decentralized currency). Only using major exchanges will cause the price to go up or down drastically.
A perfect example of this is when Tony of BitPay was dumping BFL's $200,000 or so in bitcoins back when the price was barely $8 a coin. He did it over the course of a week or two, and mostly on IRC/Skype.
I'm pretty sure that's not what you were asking though, you were most likely referring to natural adoption causing a spike in spot price. I do not deny this at all, and even mentioned exactly that in my previous post. It is inevitable that we will get bubbles like this due to patterns of adoption, each time a major company or service starts accepting them (like if Amazon or Ebay suddenly accepted them for example). After that though, if it's intended to be used as a legitimate currency, there really is no sense in the price skyrocketing continuously and we do have direct control of that. We are the ones who decide at what price to sell and buy at. Frankly speaking, I consider anyone buying right now at $100 to be a little on the "cool-aid" side of bitcoin, and taking a great risk. If they can afford it though, who cares.
Later on when people are buying and selling bitcoins and not just buying, it would make sense that the spot price would stabalize again, something necessary for a legitimate currency. This would enable people the freedom to spend their money on services and products regularly, instead of hoarding them, expecting to make a fortune (gambling), which effectively makes the currency useless for anything but speculation.
There cant be fixed price because you will compare it to what? Bread?
Wasn't referring to the act of *pegging* it to something, I was referring to the natural fluctuation of price in the current market in the range of $20 up or down in a single day (making it impossible to use as a legitimate currency).
And considering what OP said i think people simply hate things they dont understand.
This is absolutely a well known and documented trait in human beings in general. We fear what we don't understand and assume that it will hurt us (just look at the recent arguments regarding gun legislation). I will never argue that a large part of the claims against bitcoin are unfounded and uneducated, the same kind the telephone, electricity, mobile phones, computers, the internet, even automobiles all experienced in their infancy.
To discount them *all* as being baseless just because you don't agree with them however is asinine. Many of the arguments come from legitimate fears. Some of the arguments I've seen, I still can't help but agree with and will forever remain on the fence about until such a time as Bitcoin itself proves me otherwise.
Case in point, when someone sincerely asks "How could a legitimate currency increase in value 20% in a single day? That's ridiculous! It must be a ponzi scam..", the correct response is "Yes, it is ridiculous. It will be ridiculous for quite some time as it's a new project that has yet to settle down. Please don't use bitcoin with any amount of money you can't afford to use, and hang in for the long ride. It's still very much an experiment and everyone is eager to find out how things will go! As for being a ponzi, I haven't seen any proof supporting that, but I continue to keep aware of the arguments and only participate in the areas I'm comfortable with, never doing more than I can't afford to lose."
Instead, we have the psycho-religious bitcoiners outright lying to themselves and everyone else, "Nonsense! It's good for everyone! Bitcoin will save the world! SHUT UP GIVE US YOUR MONEY! BITCOIN WILL BE THE ONLY CURRENCY EVENTUALLY AND CRUSH EVERY GOVERNMENT.", basically making everyone who holds bitcoin look like a pump-and-dump, tinfoil hat wearing, ponzi scheme shill. It's embarrassing to those of us who just love the technological aspect and want to help participate in the experiment. People have quit PETA and GreenPeace for exactly this reason; they went into it thinking they would do some good, and found that the people in charge were raving lunatics with their own agendas and nonsensical remedies. I for one would never join PETA, even if I believed animals had souls, because PETA is nuts. I have joined up in Bitcoin though and even co-founded the Bitcoin Magazine, but only because I believed it needed more *balanced* arguments, not more one-sided cheerleading and preaching (I'm actually seriously saddened when I think about the future of that magazine becoming just a circle-jerk fanzine).
But I digress, when it comes to arguing with others about Bitcoin, you know what they say, "
You can catch more flies with honey than with vinegar.". Don't argue with them, agree with their good points, accept the fact that Bitcoin isn't exactly the shining image of a perfect currency, and maybe they'd try it out on their own accord once they realized you're not an
unstable psycophants or trying to convince them to buy like some pusher in an alley.
