Quote from: hgmichna on March 27, 2013, 06:07:14 PM

Quote from: chrsjrcj on March 27, 2013, 03:38:14 PM

Quote from: hgmichna on March 27, 2013, 03:34:31 PM

Certainly below $32. There is no basis for a genuine price rise to $32. Bitcoin is not used much, except for speculation.

http://bitcoinmagazine.com/bitpay-exceeds-2-million-in-transactions-month-to-date/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinMagazine+(Bitcoin+Magazine)

Roll Eyes

The bitcoin market has a total valuation of $1 billion. How come, if BitPay only moves $2 or $3 million? Who is moving the other 99.7%?

To me it is obvious---the speculators. The bad ones, actually, the newbies who buy because the price is rising. The trend followers. They are on their way to wreck bitcoin's remaining reputation.

Perhaps the other 99.7% is not moving at all ... Roll Eyes