Quote from: fastandfurious on September 14, 2011, 03:57:31 PM

Quote from: Jixtreme on September 14, 2011, 03:44:12 PM

Quote from: grod on September 14, 2011, 02:10:46 PM

At the moment it'd take ONE MILLION NEW DOLLARS a month to keep prices at $5

...or....

the people holding Bitcoins simply need to realize that they are worth more than $5, and they aren't going to keep selling them for chump change... That would drive up the price...

Read his post again. The late adopters are in for it for the money, FIAT money. Not for Bitcoin in the long term. The boom in May and June came to fast and Bitcoin is still in a high inflation environment. If you guys don't see all the signs you will feel it in the BTC pocket all the way down to at least 3-4 dollars, and even that level is starting to look very high. If I can make a guess, I think after all the negative that has happened lately at least 500 000 bitcoins (and their owners) wants out of Bitcoin and in to fiat (just look at the US dollar, it is getting stronger and making a new high every day), they are just waiting for the right opportunity to sell (6-10 dollars?), the opportunity isn't coming because of the high inflation environment, but I think they are getting desperate, 500 000 bitocins + 7200 bitcoins/day out on this thin market could take Bitcoin to 1-2 dollars.

I wasn't under the impression that these people were still holding Bitcoins!