Quote from: Vector on June 06, 2011, 01:33:36 AM

Quote from: Kman54 on June 06, 2011, 01:08:46 AM

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For instance if Bitcoins were to replace only 1% of the money used worldwid

Stop this talk is stupid - its never going to take 1% of the worlds economy and you make us look like idiots when you talk like this. It maybe an alternative to other investments like gold or silver but lets be honest its value is because it can buy a relatively high amount of dollars. People want the dollar value not the bitcoins.

This is the sad truth of Bitcoin - people aren't buying it to buy Bitcoins, they are buying it to sell it. The ultimate truth is that the demand will flatten, and sell-off will follow.

Even if people are buying to sell it, that gives incentive for businesses to accept them. As long as Bitcoin services keep emerging, the value of Bitcoin will rise. Economically, Bitcoins are a better money than dollars, so plenty of people will have incentive to use them.