All,
as you observe, despite press coverage, bitcoin is on a decline (yes, exchange rates are not everything, but trust me this is crucial. If there won't be a continuous fund inflow into the bitcoin economy, the entire Bitcoin project may crash big time)
This is a negative spiral.
1. BTC exchange rates drop
2. Investors shy away
3. BTC exchange rate drops more
4. Miners are not profitable any more. They start selling
5. BTC exchange rate drops more..
6. BTC/USD soon will be where it started
7. Press coverage announces the death of this "geek" idea..
8. Maybe bitcoin can get up on its feet again,. but it is very tough after a big crash
This is not meant negative, but positive:
WE NEED PEOPLE DRIVING the BITCOIN project forward properly. And not only look at their own profit or debate hours in the forum about minor things.
They should (re)invest part of their income into MARKETING of bitcoins, CREATING new businesses, etc. in a much more sincere way. I know some people are doing this in a great way already, but it seems it is only a handful.
For instance, a professional operated and marketed exchange is one element that is desperately needed. An exchange that can handle big volumes and can be trusted by investors.
Topic: NEEDED URGENTLY: Professional Bitcoin Exchange and More Serious Project Work - page 3. (Read 8418 times)
April 05, 2011, 01:48:42 AM
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