Post
Topic
Board Speculation
Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption
by
rpietila
on 15/04/2013, 21:12:22 UTC
When I look at the number of coins in circulation at the exchanges it does look optimistic as it is increasing, the evidence seems to suggest that early coins aren't held by just a few individuals, but without perfect information you can't make perfect predictions.

1 million coins traded over the weekend. How many do you think is enough?! Everybody has their chance to buy, unlike the week before, where every $million invested raised the market cap by more than $10 million. We are in a very healthy consolidation period now, and I see my bids being fulfilled all the way to 82!!

We have had at least 7 flashcrashes taking the price down by 20% or more during the last 7 weeks, sorry I don't have the data it may be last week alone that many. There are lots of opportunities to buy coins, although I am afraid that the rich will get richer, like me, buying coins all the time.

Since the long-term viability of Bitcoin rests in the delicate balance between value appreciation and usage growth, I currently feel that my greatest priority is to distribute coins to new strong hands. If I buy them up, it is not good. I try to net distribute 10x more coins than I buy for me, and that is achieved by having a 10% margin after expenses. I would help with the bitcoin services economy if I could.