Quote from: jayleno on March 15, 2013, 11:12:51 PM

It seems like everyone is in this for the end game. That is the currency being very scarce and worth lots of money, IE. hoarders becoming rich. But if it appreciates so fast and everyone wants to just hold on to it. It isn't very liquid a commodity is it? Those people exchanging gift cards for bit coins etc, turn around and do what? Do they cash in their bitcoins usually for a marginal profit? Seems like hoarding might be artifically inflating the price of the currency. Just looking at the charts it seems 17 dollars is a more practical figure. Thoughts?

Computers fall massively in price every year yet for some crazy unknown reason people still buy computers, why oh why does anyone EVER buy a computer when they know it will be cheaper next year?