Post
Topic
Board Speculation
Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze?
by
tvbcof
on 27/10/2011, 05:43:20 UTC
...
what is needed is an influx of new money whether it be from speculators, investors, or merchants start up capital.  this will improve the economy and i would argue a slowly rising price of Bitcoin would create a virtuous upward spiral of everything Bitcoin related.

I'm just going to take advantage of opportunities to demonstrate the Bitcoin is usable for interesting things.  Like yesterday when there was a relatively highly watched segment about Wikileaks, I and some other people pointed out that Bitcoin make it so I don't have to be a slave to the big financial interests.

I expect that many people will have heard vaguely of Bitcoin, and at some point something will spark their interest enough, and they will be at a point in their lives when, they will go ahead and have a look.  That is what happened to me in fact.  Being a geek with a long term interest in cryptography, I had heard of Bitcoin by at least early this year, but happened to have been busy with other stuff until around June.  And the Occupy-X protests have brought out a lot of interest in and education about in financial sector shenanigans in the last few months.

Anyway, as long as the network remains sound I would anticipate a trickle of people entering (and a trickle of people exiting for that matter.)  Because there was a run-up already, I imagine that at some point on some minor spike there could be a flurry of interest by people who don't want to be left behind again and we could be off to the races.  Or not.   Who knows.   One way or another, I accumulate because BTC is something I like to have.