Quote from: Richy_T on May 10, 2013, 03:06:27 AM

Quote from: SZD on May 09, 2013, 11:48:07 PM

I'm amazed the price has been so stable with the DDoS or whatever going on for so long. Volume is really really low.

Bitcoin is not just some fancy virtual casino for you to play in. It's supposed to be a currency. For it to succeed at that, people need to build services around it. That is very hard for them to do when the price is all over the place. Large swings could cost them a lot of money or even make them illiquid. Without goods and services, Bitcoins value will be zero.

Bitcoins price rise is a process of pulling bitcoins from early adopters in a slow but steady process. Bubbles and busts, though inevitable, (especially when governments do stupid things) do not aid in the process.

I have nothing about speculators but realize there's a long game at play here for many of us.

There has been a ton of good news recently (new exchanges, Coinbase getting 5mil, Gyft now allowing you to buy giftcards for yourself or other with bitcoin, and more), and the price hasn't even budged. Makes you wonder what it's going to take to get the ball rolling.