Quote from: GaliX on July 31, 2015, 08:04:53 AM

Quote from: Brewins on July 31, 2015, 05:48:51 AM

Quote from: JorgeStolfi on July 31, 2015, 05:45:25 AM

Quote from: GaliX on July 30, 2015, 11:15:18 PM

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Quote

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...

Somebody has to pay all the THs of mining power burning all the electricity 24/7...

Quote from: gotmilk_ on July 31, 2015, 07:54:52 AM

Quote from: Gyrsur on July 31, 2015, 07:44:35 AM

Quote from: gotmilk_ on July 31, 2015, 07:39:23 AM

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

I think that demand is big enough... Fact is that someone with lots of coins is shitting around for a year now. Also community has changed big time and bitcoin use to grow on it.
Halving sure will bring the spike! Many are already buying coins just because of that, after all it is less than a year until halving Wink

Not really... A real demand is almost not existing. It's purely driven by speculation ...

The block reward is falling exponentially.

Speculation has been working for 6 years. It seems to have worked for gold for 5000 years.

Your points aren't really valid to use for short term price prediction.