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Author Topic: Are genuine bitcoin users staying while speculators go away?  (Read 1167 times)
MatthewLM
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October 06, 2011, 11:57:10 PM
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Is it fair to say that because the bitcoin exchanges use universal bitcoin wallets to enable instant transactions between accounts, the nodes on the network should be biased towards bitcoin users which do not hold speculative positions on exchange accounts?



Does this mean the genuine users of bitcoin have stayed which is a good sign for bitcoin? Or is this a flawed assessment?

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FreeMoney
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October 07, 2011, 12:28:25 AM
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I dunno, sounds like you are speculating to me.  Tongue

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October 07, 2011, 12:47:32 AM
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Well the active nodes have maintained the volumes, doesn't that warrant some analysis?

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October 07, 2011, 12:56:48 AM
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nope. im a speculator.
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October 07, 2011, 12:59:04 AM
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I'm both a speculator and a user. Bitcoin benefits from both speculators and users.

Because you know I'm all about that bass,
'Bout that bass, no treble
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October 07, 2011, 01:14:59 AM
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Your theory is probably true to some extent. But we don't know if that extent is very tiny or very large Smiley
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October 07, 2011, 01:20:12 AM
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Thats the hope  Cheesy.

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MatthewLM
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October 07, 2011, 01:22:21 AM
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I'm both a speculator and a user. Bitcoin benefits from both speculators and users.

It didn't benefit from the foolish speculators that inflated the bubble and sold off.

I don't know what other explanations there would be for the stable nodes?

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October 07, 2011, 01:25:35 AM
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It didn't benefit from the foolish speculators that inflated the bubble and sold off.

It did. A lot of the coverage of Bitcoin mentioned the huge run up in price. It got a lot more coverage because of the get-rich-quick angle.

Because you know I'm all about that bass,
'Bout that bass, no treble
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October 07, 2011, 01:26:58 AM
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People look at the bubble and say "Oh look it's volatile, don't go into it".

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October 07, 2011, 01:58:44 AM
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People look at the bubble and say "Oh look it's volatile, don't go into it".

Other people say "Get into it while you still can!"

Because you know I'm all about that bass,
'Bout that bass, no treble
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