Quote from: An amorous cow-herder on October 11, 2014, 11:30:20 AM

Quote from: inca on October 11, 2014, 11:19:14 AM

Quote from: An amorous cow-herder on October 11, 2014, 09:43:04 AM

By now pretty much everyone who could invest in BTC knows about it. Its about consumer adoption now.

Don't talk utter nonsense. Between 300,000 and roughly a million people use bitcoin and you think everyone who could invest in BTC knows about it?
When the price rises the next wave will come in just like every other time.

Ok, then which potential investor doesnt know about bitcoin?
Banks know about (and a couple have even written papers about it), governments know about it (and have written advisories), Wall Street and investors knows about it (and have invested quite a lot of money into startups around bitcoin). Who doesnt know about it?
Its about consumer adoption know (i know, i´m repeating myself here).

I suggest you go outside this echo chamber and venture into the real world. Bitcoin remains virtually unknown by the general public. Sure it has been on CNBC and hits the MSM when the price crashes or experiences insane volatility. But to the average joe it's benefits and use case are basically an unknown.

You keep repeating yourself that it is about consumer adoption. I am not sure why you say that when precisely none of the previous bubbles relied upon consumers adopting bitcoin to drive the price rises.

As to which investors do not know about bitcoin? The average investor still has no vehicle through which to invest in bitcoin in a tax efficient manner at all - yet. You think investors will send money to an unregulated exchange in Slovenia? I might. But that is not the average investor by any stretch of the imagination. People like to balance their risk and when bitcoin is accessible by the trillions of dollars in share portfolios it doesn't take much foresight to see the price will potentially leap upwards dramatically.

Consumer adoption will rise with bitcoin, especially as utility of the digital currency improves online. But it is not consumers adopting bitcoin which will move the price up from the relative lows it is experiencing now.