Quote from: KarmaShark on September 11, 2014, 02:34:38 AM

Quote from: g29wheel on September 10, 2014, 05:02:57 PM

With the news of Paypal adopting bitcoins I'm waiting for the beginning of a new bubble.

The time it takes for the average Bitcoin user to first hear about it and then purchase some initially is long period, long enough that I expect this news to not impact the price until the end of the year. Eventually though, all of this good news will build too much pressure, and another adoption phase will trigger price growth. Once the average investor understands Bitcoin as an option and realizes it is in limited supply and increasing demand, the dam will brake. That is when many larger markets will enter into the currency and we will stat to see gaudy five figure valuations for a Bitcoin.

This, this, this.

It is the monetary properties which will propel the bitcoin price into the stratosphere. That is precisely why I bought in last year. Mathematically fixed scarcity. It is why every bull and troll alike are on this forum.

We are in a phase where bitcoin utility has improved dramatically. (I bought a curry from across the road with bitcoin last night, showed a friend to demonstrate the process - he couldn't believe how easy it was, thanks bitpay). Soon you will be able to use bitcoin everywhere online.

Joe public is greedy and wants to make money through savings. We live in a time of perpetual ZIRP. Whether it happens all at once driven by an exogenous event(ETF, bank bailin) or in successive waves as in the past, bitcoin adoption will swell. It only has to reach 4 million active users globally for the price to bubble again.

Ask yourself this: if only 1 million people actively use a new digital private money globally, accounting for no real sales in the grand scheme of things, why are the biggest online companies in the world integrating it into there systems? Hint: fallllling is wrong!