Quote from: RandyFolds on September 07, 2011, 01:16:19 AM

Quote from: Minsc on September 07, 2011, 01:06:37 AM

Quote from: gw4tt on September 07, 2011, 01:04:12 AM

Quote from: Minsc on September 07, 2011, 12:55:13 AM

Yeahh when bitcoin surged up, it hurt the overall economy. Gradually, coins are making their way back down. Then they won't jump so much.

Obviously when a market gets smaller the volatility goes down.. Huh

No. People keep selling all their stored up bitcoins so people need new money to buy them or the price drops. Coins won't stop being generated. There's not enough people buying coins as an investment. You really can't buy hardly anything with them and so the only option is trade them for cold card cash.

There is plenty that you can buy with them, it's just marked up like, 25% and so there is absolutely no reason to favor btc.

Merchants need to be selling for btc BELOW their cash/credit prices, otherwise it just doesn't make sense.

Don't have a gas station or vending machine within 10 miles?

Buy a .99c 1oz bag of Funyons for $3.50! Only 5-7 day delivery!

~ bitmunchies.com