This is just ridiculous. Fucking Microsoft adopts Bitcoin and people just keep on dumping. Half 2015 Bitcoin will might be 10x as big and the price 10x times as low because of these retarded dumpers and traders.
Its trading in a range now, it's might be a sucky range, but 340-370 seems to be the range. The way the economy is starting to shake, I think a country might make make a bank raid again soon, mich as Cyprus did, that is the sort of move that can really help bitcoin.
Venezuela also looks like it is teetering and could go bankrupt. I think it is a shame that Putin is so anti bitcoin when he is pushing for moving away from the USD, and RT seems to love bitcoin too!
Because every country wants the stability of a currency that nobody uses, traded on bucket shop exchanges, that is constantly the victim of outside manipulation... you know the same currency that is now worth 1/4 of what it was worth a year ago.
Brilliant idea buddy.
That said, a digital currency, be it Bitcoin or some other, could become a global currency standard and, I imagine our corporate overlords would welcome this because multinational corps constantly have to switch between currencies causing not only confusion but risk. That said, such an event is not a near term event. Brazil could be overtaken by aliens and they would still not switch to BTC. The infrastructure isn't there, the stability isn't there, the will isn't there, and they would be completely screwed. Stop smoking crack.