Quote from: Cryptobro on October 02, 2014, 12:25:33 AM

Quote from: Chris_Sabian on October 02, 2014, 12:21:18 AM

Quote from: bababooey on October 01, 2014, 11:54:04 PM

I'm a newcomer to Bitcoin, but I got interested in it for online gambling purposes, not as an investment vehicle.

Is it possible that with more and more people getting into Bitcoin and more and more services accepting it, the price will continue to go down as people are now actually using them for things instead of hoarding them?

I mean, say Bitcoin goes back to dollar parity and pretty much the whole world is using it. It would still be considered a gigantic success.

This statement makes no sense at all.

Why does that not make sense to you? Seems pretty clear what he's trying to say

Because if the whole world is using bitcoin, then the price will be much higher than $1 / coin. If only 500,000 - 1 million people are using it today and the price is ~$375 / coin, then the whole planet of 7 billion means a higher price.