Quote from: wasserman99 on September 14, 2014, 06:38:27 AM

Quote from: counter on September 13, 2014, 08:48:57 PM

Quote from: bitcoinwilldie on September 12, 2014, 10:34:24 AM

No one really NEED bitcoin, isn't it? you just want to buy some coins and wait for profit, and sell them at 1000or 2000 USD, and get the money out. No one need it as a currency, people buy coins only for speculation, to sell them to another idiot.

Now, there are no more idiots come to this game, and the Ponzi scheme will be over, and everyone in it will doom to hell.

That's like saying no one needs a cell phone or the internet or a car. No you don't need these things but we have them for a reason, right? It's a matter of looking at things with an open mind or from a single perspective. If you don't want to miss out on the opportunities life gives you just don't listen and learn.
I for one try to do more listening and learning in life and less talking, but I think like all things there needs to be balance for it to work well.

I disagree. Bitcoin is something that will assist people in paying for things more efficiently then the status quo way of paying for things. As a result people will be able to realize lower prices. To say that someone does not need bitcoin is like saying the people need to incur higher costs

The lower prices sounds like a nicety... However how do people transact and not get their faces ripped off with exchange rate volatility ranging potentially in the 100-1000's of percent on a daily basis.

I am not saying there wont be times a relative stability in price, but the average consumer has no grasp of price action, and even most professional traders look at bitcoin and laugh with the challenge it presents even to them.

Im not sure how an onslaught of new users can receive coaching and or the ability to make the right decisions at the right moment on their own.

Perhaps once full mainstream adoption becomes a reality the prices will settle quite a lot, perhaps prices in dollar will go along the way side.

Considering this, falling costs are meaningless if the general value of bitcoin itself remains undetermined.

If the concept; there are going to be entry growing pains in the bitcoin ecosystem, cost of entry IE, you buy a bitcoin but you are best waiting a few years before actually using it, not only are massive price gains expected and completely predictable but considering this, you are best buying, waiting and holding a few years until the massive singularity moment a hyperfinancialization event takes place on this world.