Quote from: NotHatinJustTrollin on March 25, 2015, 10:01:48 PM

Quote from: ThatDGuy on March 25, 2015, 07:23:47 PM

Quote from: ShetKid on March 25, 2015, 04:54:11 PM

Just because merchants are starting to accept bitcoin doesn't mean the price will go up or the bitcoin adoption will increase.

Quote from: BillyBobZorton on March 25, 2015, 04:40:53 PM

This year is a year of venture capital money flowing in like crazy, just look at the facts. There are graphs that show this. 2015 is the year with the biggest pump in VC money so far.
Actual BTC price will be stable. This is the last year for us peasants to get as much BTC as possible while its affordable to buy entire units of BTC.

I think the same was sort of true in 2014 but did not lead to the rise in the price of bitcoin then. I would hope for a stable price than a pump.

The same was not quite true over the whole of 2014. 2014 saw lots of good news, but in terms of VC capital, 2015 looks to be off to a far stronger start.

http://www.coindesk.com/venture-capital-funding-bitcoin-startups-triples-2014/

2014, at $314 million, more than tripled what 2013 did.

In 2015, we've already seen close to $200 million, and that was before the end of the first quarter. The rate of money coming in this year is quite a bit faster. There was a lot of positive news, but most of it was news suggesting things to come (and we still haven't seen them yet, but they're on the horizon) it wasn't enough to stem the tide of a necessary correction.

Also keep in mind 2014's price action was largely a downtrend as part of a correction from the crazy bubble that pushed BTC from $100 -> $1100. The price was influenced very heavily by speculation, and it still is.

As you said, at a certain point we'll find a stable price, and then all of that news from 2014/early 2015, and VC money along with Wall Street stepping in will be quite ready for the next phase of the market. Once there's little profit to be made from dumping and shorting, there's only one direction to go.

Sorry but it goes more like this:

"As you said, at a certain point we'll find a stable price"
^^^ Yes, and that price will be at low double/single digits, which will take a few years. By that time, everybody will be starting to adopt semi-centralised technologies that work in a similar way as the blockchain to move fiat currencies (like the IBM adept project or others), taking what's useful about this whole crypto movement (a distributed ledger to move any asset/currency around, and smart contracts ) and discarding the unusable bullshit (bitcoin).

(dumb) VC money in the bitcoin space (which is not a lot of money by the way) will suddenly realise that it has invested in a mini dotcom bubble that is collapsing. Everybody will look at bitcoin as the little volatile, irreversible, non scalable joke that nobody uses or needs aside from drug dealers, speculators, gamblers, and libertards.

The day bitcoins $1 per 1 btc will be some sight to see. the thing with technology you would have to use a source thats already been created. why bother re-create it in a new way?

And for wall street to come in, I thought they are already were involved. the dumb vc money is still a shit ton of money I mean if you think thats small money then you prob havent seen that in person.