Quote from: naphto on April 12, 2013, 10:05:57 AM

Quote from: jjtech on April 12, 2013, 10:00:23 AM

And your opinion about BTC being overpriced is based on what? All those "bubble/overpriced" responses seem to me very generic and not backed by anything else but repeating something overheard on the tv, or maybe in the cab. It's a waste of breath. You can as easily say it's underpriced as overpriced or right priced or whatever.

It is clearly overpriced since almost nobody uses bitcoins at all.
They just buy it, put it in a wallet, wait the price to rise, and then sell it.

The currency will never be massively adopted, because it has so many problems (delay for transaction, high fees, limited amount of available money in the world, and so on).
The people are just buying because the price is rising, and the price is rising because people are buying.

Meanwhile, early adopters and miners are selling it and becoming millionaires.
But some day you will not find any fucktars to pay more than x USD for one bitcoin ...

The first point you've made is sensible, rest is just a subjective opinion based on reading teal leaves and fortune telling.
Yes - there are not enough businesses accpeting btc at the moment and this is the main problem of this currency. And yes there are a lot of speculators as on every vulnerable market with potential to make a quick dollar.

problems like "delay for transaction", "high fees" will solve itself very quickly if currency will stabilise a bit more.
As per "amount of available money in the world" - I don't really know what you're talking about. That it's not enough btc for it to become reserve currency?
The last point is also a speculation. To say that "people are buying because the price is rising and the price is rising because people are buying" is truism. It applies to everything, it's supply and demand law applying more or less to everything on the market.