Re: Those that dream of $1200/bitcoin can thank this man.
To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...
they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....
Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2
Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...
that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.
I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
5% of bitcoins lost every year?
Where did you get the number from?
Seriously... Do you not do any research at all Brewins?
take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ...
here are some articles for you:
http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html
https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoins
Side note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are...