Quote from: andes on June 16, 2011, 02:41:59 AM

Then again, the whole point of bitcoin at this starting stage is growth and adoption. If some people dont believe that lots of new people will become interested in this venture, I wonder why are they here here in the forums at all??

I do believe in long term adoption, that's why I'm here and invested in bitcoin but we need to keep it real ... who in their right mind believes the bitcoin economy (that is real products and services exchanged) is anywhere near $120,000,000 which is the current value of all bitcoins? I would be hard pressed to consider it's 1/1000 of that ... this is pure speculation - which doesn't mean it isn't justified but speculation nonetheless which can evaporate overnight.

That's the issue ... if confidence remains high and there is constant influx of new investors/users we may avoid a crash and smoothly transition into more productive economy - it may happen, but I do not give that too much chance after I saw how reactionary is the market. A small fluctuation in the downward direction and the panic will probably start. That's just the way I see it. There is no way a $140,000 worth of products and services is being added to the market every day - I don't think anybody would dispute that.

And why would I want to manipulate the market ... after it crashes I do not think it's coming back any time soon.