There is no investor in Bitcoin,More people are aware of bitcoin each day, but no speculators like in China anymore after this crash.
This crash is in fact good if you look at it now, BTC will grow slower but more stable.
Money are now spend by VC into infrastructures and services.
The market is oversaturated with Bitcoin
every day is generated about 4000 new bitcoin which have nobody to paySince the start of bitcoin, about 7200 new coins are mined every day is.
In november 2012 this was halved by the protocol.
Not all coins mined are direct sold at the exchange, I still have 90% coins that are mined in 2011 in my wallet.
It's true that things have change with the coming of ASICS, they are expensive and people need to sell their coins faster
to pay the bills.
Not everyone is in good finaninial shape and the cost of electricity is different in each country.
I have to dissagree that all coins mined today are actually sold on the same day.
Unless you are KNC, they need to sell it for hard dollar.
Factories don't accept BTC now for components, KNC is non-stop building a mega farm.
People are becoming aware of what is Bitcoin, and speculation does not work anymore.This is true, volatility will be less, but bitcoin will grow more stable now that there are services and infrastructures added to the network.
On the other hand, daytraders who like to short will have less profitability
Case MtGox killed all hope in BitcoinBeside MtGox, we have a lot scams with big exchanges before.
If you have follow the interview with Bobby Lee, you notice they are willingly to do an audit by a third party.
They will become more mature and transform into a real company with regulations if neccesary to survive.
People are also scarred now to be scammed by an exchange.
Problems with MtGox already exist in summer 2013, before it only takes a week to get your money out.
I sent coins between exchanges to profit from price difference, but since MtGox come with an excuse that their daily withdrawel limits have been reached.
I know something wasn't right after asking banks about this bullshit.
I stopped immidiately and got my latest payment after a month in septber 2013.
The previous price jumps have been artificially, by MtGox and any mining hardware manufacturer.You probably don't know about
https://bitcoin-24.com/bitcoin-24 introduce trading without trading fee, just the same like btcchina did last year to attract users.
Together with the Cyprus bank incident, people get aware of bitcoin.
Hardware manufactures lure people to buy with bitcoin and give them discount for doing that.
They know, once the Asics are released in the wild, BTC will more difficult to mine and the chance that bitcoin will increase in price is bigger than that it
will drop.
They didn't foresee the no trading fee from BTCChina, this together gives BTC price a jumpstart.
The mining factor is too small for any serious action,and time is to quit the gameI don't agree with you on this one.
For most of the miners it will become harder to become bigger through limitations in their home infrastructure.
But it is not impossible.
A major player China 15 th april 2014 out from game.This is untill now still unclear
