Quote from: manselr on September 24, 2014, 10:33:13 PM

Quote from: yayayo on September 19, 2014, 10:27:25 PM

Quote from: troisky on September 19, 2014, 09:20:38 PM

I don't care if it goes to 50. Bitcoin is mathematically headed towards success in the long run.

"Mathmatically headed towards success." I will memorize this statement, so I can drop it here and there.. Grin

Do we even know to what extent Bitcoin is traded for speculative purposes? Is daytrading a major factor at all?
I would not bet on it. Consider that there is a large amount of capital flowing through Bitcoin money transmitters and adoption is on the rise.

ya.ya.yo!

Without seeing the numbers, I would say the majority of Bitcoin transactions are still for the most part because of speculative purposes, as opposed to people buying actual goods with it.

what about the dark web black markets? thats a massive community involving billions of dollars in transactions every year, they buy coins and spend them for goods or services. they're not speculators, maybe a few of the merchants are but certainly not all of them or there wouldn't be people who sell fiat on those markets.