Quote from: traincarswreck on March 27, 2017, 06:11:30 AM

Quote from: kiklo on March 27, 2017, 05:59:21 AM

Of Course BTC is controlled by a Conspiracy,

An increasing BTC Price Hurts Adoption as it prices it out of the Reach of many in Foreign countries where they have an extremely low exchange rate with the US or Europe.

I'm only going to address this because the rest is an extension of your belief in such conspiracies while ignoring the basis for market theory and especially in regard to rational self interest.

What you have said here is that the price of bitcoin going up (and implied) in relation to respective domestic fiat hurts adoption. But this is a very silly and incorrect understanding of the effects of bitcoin's rising value/price. If the price is going up then it makes more sense for people of a national to exchange their fiat for bitcoin. This is why countries like venezuela have a steadily increasing adoption rate, and why local bitcoin's has a growing user base.

It's nonsensical to imply that bitcoin's price prices out users. It doesn't make sense, you can always buy less bitcoin for the same price if it is rising, and you always benefit from it rising.

Something else you should research : Priced Out of the Market
The higher BTC price gets, the less people that will pay it transaction fees, not everyone is a US or European Citizen.
Once BTC gets over $1.60 for transaction fees and it takes a week to process it , it is even cheaper & faster in the US to send a money order by USPS. Wink

(Also No Worries about Price Fluctuations with a Money order, BTC could decrease by $200 in a week.)
Odds are casual users will switch to LTC , ETH, or Doge way before that happens.
Crypto transaction have to be Fast , to avoid market fluctuations that can destroy value, before it is even received.

http://www.investopedia.com/terms/p/priced-out.asp

Quote

DEFINITION of 'Priced Out'

The state of being unable to invest in a particular market or purchase a particular product or service. When someone is priced out of a market, their choices are to simply remain out of the market, to wait for the market to become more affordable, to improve their own financial situation to the point where they can afford to buy, or, if possible, to consider a different market. For example, someone who was priced out of the luxury car market could look at economy cars instead.
BREAKING DOWN 'Priced Out'

"Priced out" is commonly used to refer to the real estate market. For example, residents of cities with extremely high average home prices, such as Newport Beach, Calif., would be said to be priced out of the market if they could not afford even an entry-level home. The options available to someone who is priced out of a real estate market would include buying in a different area, waiting for the supply of housing to increase enough to lower housing prices or getting a higher-paying job that would allow them to afford a property.