Quote from: IsaacGoldbourne on December 06, 2013, 05:22:20 PM

Quote from: Hfertig on December 06, 2013, 05:18:33 PM

Quote from: humanitee on December 06, 2013, 05:14:02 PM

Quote from: warpio on December 06, 2013, 05:12:23 PM

It seems that the volume of BTC transactions being made for speculation still far outweighs the economic usage of BTC. As long as that's true, volatility will still happen and we will still crash and tumble and spike back up over and over again.

In order for BTC to become a legitimate currency, its non-speculative economy will have to step up and become much bigger than it is now, so that the speculation and volatility becomes less of an issue. There's still a long way to go for that to happen.

Every person that makes your argument misses out on STORE OF VALUE. Who cares about commerce? If me and enough liberbros agree that Bitcoin is better than any savings account we've ever had (which it is) then it can exist at any level just fine.

your store of value has deteriorated by 25% in less than 48 hours. I prefer a fiat saving account over btc at prices in high tripple digits.

Yet I'm still 1000% up from when I bought.

I am up more than 10.000% with the last ones I held... and it will stay there, whatever bitcoin does