Quote from: socks435 on May 14, 2016, 02:21:02 PM

Quote from: randy8777 on May 14, 2016, 01:20:06 PM

Quote from: socks435 on May 13, 2016, 04:42:22 PM

Quote from: Farma on May 13, 2016, 04:13:07 PM

Well, if the price of bitcoin back at a price of $ 250, I think will be very many people who would buy it. it is most likely to occur.

If the price goes down back to 250 it will rise again back because the price is very cheap and i know more people are already know bitcoin.. and more store are accepting bitcoin as payment just like steam and garena.. they are now accepting bitcoin as payment so its impossible that the price of bitcoin will reach the lowest price of bitcoins..

stores accepting bitcoin doesn't mean the price will go up to very high price levels. stores that do accept bitcoin as form of payment have some sort of a middle man as bitpay handling their transactions. bitpay converts the bitcoin payments into fiat and send the money to the merchants. that's how it goes.

I think store accepts bitcoin as payment can help to increase the value of bitcoin because they can attract people to use bitcoin.. if people know about bitcoin and how it works.. more people are buying bitcoin to use it in store or to hold for a long time.. yeah we know some store are convert their bitcoin from bitpay but if they know why they are holding and buying bitcoin instead of spending their bitcoin better to hold it for a long time..

it will surely help to a certain extend that merchants accept bitcoin, but the impact on the price is very minimal. in order to see the price get a real boost we will need to attract high level traders with enough money to buy themselves at least 500 coins. that's when you'll get to see the price increase with good numbers in the future.