Quote from: giletto on March 16, 2014, 08:54:42 AM

Quote from: Bigeyeone on March 16, 2014, 08:32:01 AM

Quote from: giletto on March 16, 2014, 07:45:19 AM

Quote from: Bigeyeone on March 16, 2014, 07:39:32 AM

Don't worry about tomorrows value of bitcoin, just concentrate your affords on promoting bitcoin as a currency, get more and more companies to accept bitcoin more and more people will see the usefulness of bitcoin so more and more people have a reason to hold bitcoin other then for speculative purposes and the price has to go up in the long term.

I hope you understand, that just hold bitcoin don't affect the price, and will never increase the price?

well I probably should have expressed myself more clearly, as bitcoin becomes more useful as a currency, more people are going to want to hold some bitcoin in order to spend it on some stuff in the near future, They will want to hold a little cache of bitcoin, they have to get it first of course, which should increase demand thus drive the price up

I thought that you would say that, and you just wrote it a bit wrong. But i still guess, this will not happen. If more People use Bitcoin as a currency, the price will not increase so much more.

Look, if you exchange for example 1 BTC to buy something, which is 1 BTC worth, you don't buy the bitcoin really, you just pay with. The Coin change only the hand, the price will not raise for that transaction.

Bitcoin has only 1 chance to raise, if people accept it as what it is: A speculative investment, like gold, silver, diamonds. If it will be used only for payments, the price will not move much up or down anymore.

I do not agree with you view, I think just like in real life where you keep some cash money in your wallet at all time because you might wanna buy something in a shop you see, while you cross town, people are going to want to hold some bitcoin in their wallet just incase they see something they wanna buy when they surfing the web.

If one million poeple decide hey I should have a little bitcoin in my wallet just in case i see something on the net i wanna buy, that will have a huge impact on the price of bitcoin.