I understand the initial get rich quick phase is now over... I am a true believer that good things comes to those that wait. I don't mind waiting a year or two and let me mining machines keep plodding away and then cash out when things get a little better... but as i keep seeing more and more big firms taking on the payment of bitcoin it feels me with more and more hope that this will in the first or second quarter of 2015...
Does anyone else agree with me on this one?
I have a feeling there are still A LOT of speculators messing around keeping the price suppressed or over valued. TBH I am not sure which one.
I use bitcoin soo.. the price can do w/e.
That's true, price can be at any level, and won't affect actual Bitcoin functionality. But investors in Bitcoin itself WILL be screwed as long as Bitcoin uses PoW, because PoW will destroy 10% of Bitcoin total marketcap every year, therefore any investors holding Bitcoin will lose 10% every year, guaranteed.
The only savior will be new money coming into the Bitcoin eco-system, if there's no new money, then investors in Bitcoin will experience a perpetual downward spiral.