Quote from: Spaceman_Spiff on July 07, 2013, 09:37:17 AM

Quote from: Bitcopia on July 07, 2013, 07:32:56 AM

Quote from: Zendata on July 07, 2013, 04:53:42 AM

Basically what OP is pointing towards despite his strange numbers, is over saturation... More coins and not as much demand equals low value.

It is this simple, and there is no need to make overly complex assumptions. Roughly 3,600 new coins are created every day. There must be demand for 3,600 new coins every day for price to stay steady. We just fell off a period of massive amounts of panic buying. Most panic buyers have sold out at this point. However, for price to rise again, we're going to have to wait for more infrastructure and useful functions to come out of bitcoin. And they are coming. Patience is a virtue.

http://thegenesisblock.com/significant-merchant-improvements-planned-for-bitcoin-v0-9/

Agreed, and thanks for the link!

+1

& approx 3600 BTC / day is one of the fundamental. It was the case when there was only CPU mining or GPU mining and it will be the case when there will be just ASIC miners. I understand ppl are upset because they don't have the same income what they had earlier. It is an evolution, be part of it or... Just use your hard earned coins (trade, purchase, hold-on, etc.) and see where the price will go...

Don't forget you joined to this club because you believe in it (not the price but the idea). If you lost your faith you can leave at any time.