Since I have started mining a few weeks ago, I have noticed the prices are pretty rocky, although reasonable... they were higher before.
Every time the difficulty increases, we mine a smaller amount of coins, for the same electricity costs.
It is taking a heavier and heavier hardware and electricity investments to mine a steady flow of coins.
I think we should all think about just how valuable our coins are and stop selling them for 15$ and prices like that.
Really, I think we shouldn't be selling any BTC for anything less then 20-25$.. and the price of the BTC should go up when it gets more expensive for us to mine.
I think Bitcoins can do very well, but they need to keep climbing in value in order to scale to a large enough economy size.
There is nothing wrong with the amount of Bitcoins that will be created, for once we have a clear understanding of how much of a certain currency their is.
I could imagine bitcoins being worth 10 million dollars each one day, but since you can break a bitcoin in to ten million peices... maybe a .00000001 of a bitcoin could buy us a pop one day.
I think that it basically comes down to how we value the currency amongst ourselves... If you take the dollar, we have what? trilions and trillions of those?
When you look at it that way, it makes sense to value a bitcoin at more like 1000, or 10000$
Lets help it get there!