Quote from: outahere on January 13, 2015, 02:11:28 PM

Quote from: miztaziggy on January 12, 2015, 04:13:42 PM

I can't see anything in the near future that will increase the demand side of the equation....

What conditions would satisfy what you would judge as an increase?

Well, something like an upcoming 'upgrade' to Bitcoin's code that would increase its utility.

Or maybe an upcoming halving of the mined blocks.

I think part of the problem is that in the early days, Bitcoin was mine-able by the enthusiast. Now it's sort of gone 'professional' / 'corporate' and people are losing interest.
There was another spike in the price when LTC was mine-able by the enthusiast, but as the ASICs came, the interest of the enthusiast somewhat died away and the price crashed.

I wonder, if someone could produce a graph showing 'mine-ability'.

E.g. Date on the X axis, and KH or MH of the bitcoin network on the Y axis.
A second line with KH or MH of the LTC network on the Y axis also.

Perhaps there's correlation between the 'mine-ability' and the spikes in price in 2011 and 2014