Post
Topic
Board Speculation
Re: I believe the price has nowhere to go but down and here's why I think so.
by
BitChick
on 20/07/2013, 02:39:57 UTC
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
Have you literally walked down the street and asked random people if they knew what Bitcoin was and kept a tally?

I wear have had a t-shirt with the Bitcoin BTC on it (actually says "BTC or GTFO") .  I have been asked at least a couple dozen times "what is that?" and only had one person recognize it.  At least 50:1 if not more.  Not scientific but if you think Bitcoin is mainstream well you obviously have already made up your mind so facts don't really matter.  Bitcoin may be many thing and it may go down or it may even crash and burn but the idea that it is already mainstream is just silly.

if everyone in America purchased one bitcoin we would all be rich rich rich.

Can't and won't happen  Wink 300M > 21M

YES.  This is true. Everyone in America Can't have one BTC, hence why the price has nowhere to go but UP.  Wink  (of course there may be bumps in the road on the journey upwards.)