Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.

I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.

bullshiat .. drug dealers selling drugs using bitcoin are dumbasses looking to get themselves and their clients busted.

any drug dealer stupid enough to use something that records every transaction in a ledger that is completely traceable deserves to be busted.

fiat cash is truly anonymous because there is no ledger and much more difficult to be traced.

at the end of the silk road trials we will learn that bitcoin has an ability to bust criminals and terrorists .

There you go, US $ IS THE CURRENCY MOST WIDELY USE FOR TRADING GUNS AND DRUGS

Look at it relatively, the percentage of US users using it for illegal purposes is (was) much lower than bitcoin's percentage of the same thing. Now of course this has changed slightly with the collapse of the silk road.

Until BTC reaches a decent market cap you cannot compare it in transactions with the US$ AT ALL

You can relatively. Of course it will be more realistic and reliable for data extrapolation once its market cap grows thats for sure.