Outside of an actual country making BTC the official currency...

jehst

hero member

Activity: 798

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21 million. I want them all.

Quote from: zoinky on May 28, 2015, 09:56:44 PM

Quote from: jehst on May 28, 2015, 09:53:10 PM

Quote from: zoinky on May 28, 2015, 09:44:19 PM

People getting extremely bored with its price action so it is able to grow organically.

It can't start to grow organically without people noticing the steady consistent gains. As soon as people notice those gains, they will use shittons of leverage to pile in. Organic rise becomes artificial rise. Organic rises are just as self-defeating as artificial rises.

That sounds like mindless speculation.

It is speculation.

zoinky

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Web Developer

Quote from: jehst on May 28, 2015, 09:53:10 PM

Quote from: zoinky on May 28, 2015, 09:44:19 PM

People getting extremely bored with its price action so it is able to grow organically.

It can't start to grow organically without people noticing the steady consistent gains. As soon as people notice those gains, they will use shittons of leverage to pile in. Organic rise becomes artificial rise. Organic rises are just as self-defeating as artificial rises.

That sounds like mindless speculation.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: zoinky on May 28, 2015, 09:44:19 PM

People getting extremely bored with its price action so it is able to grow organically.

It can't start to grow organically without people noticing the steady consistent gains. As soon as people notice those gains, they will use shittons of leverage to pile in. Organic rise becomes artificial rise. Organic rises are just as self-defeating as artificial rises.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: melody82 on May 28, 2015, 09:40:03 PM

Widespread adoption. This is the most important thing in my opinion. Other things might cause transitory gains or losses but to really move it more people need to use it. It is a scarce resource, and it would need to be divided more driving the price up. Other things obviously factor in but to me this is the biggest.

I think widespread adoption could happen without doing anything for the price. It depends on the type of adoption. Specifically, it depends on how long people hold the BTC and remove it from supply. Let's say you are using BTC to do an international transaction. If you buy the bitcoin in one country and immediately sell it in another country a few minutes later, you'll be "adopting" BTC, but you won't be helping to make BTC scarce. Someone can use those BTC a few seconds later to do the same thing. Maybe you have 100 million people adopting BTC, but they aren't contributing significantly to demand because they are rapidly passing a few thousand BTC back and forth. Adoption as a store of value seems much more important.

zoinky

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Activity: 811

Merit: 1000

Web Developer

People getting extremely bored with its price action so it is able to grow organically.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: pa on May 28, 2015, 09:37:40 PM

Autonomous software agents and robots using bitcoin to transact.

Like autonomous blackjack dealers that host digital cash games?

melody82

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Activity: 378

Merit: 257

Widespread adoption. This is the most important thing in my opinion. Other things might cause transitory gains or losses but to really move it more people need to use it. It is a scarce resource, and it would need to be divided more driving the price up. Other things obviously factor in but to me this is the biggest.

pa

hero member

Activity: 528

Merit: 501