Perfect timing and price for buying more cheap Bitcoin. We are still early adopters.
Haha no you aren't. Stop fooling yourself.
probably still are in early adaption phase. last year was all mining. due to the release of new mining hardware late last year then is still very good for mining. these low prices are GREAT for miners (us miners that is) due to income taxes are paid on the value of the coins at the time of mining. the reason some people are shutting down their miners at these low prices is because they are trying to make a living mining and they can't do that as well at these lower prices. but if your mining for hoarding coins then there is less reason to stop mining unless you believe bitcoin is going to die.
this really is a matter of point of view. you look at it from the trader's point of view but bitcoin is really the miners game right now. as long as i have a mine going i am constantly buying new coins (due to the income tax has to be paid). now the price of bitcoin is low enough that i am starting to straight out buy them instead of buying hardware and mining them. i need more than one wallet now to keep separate coins that i mine (which i am hoarding) and the coins i buy (which i will trade or use to buy upgrade mining hardware).
what is going on in bitcoin is the same thing we are seeing in pms. if i could transfer a pm through the internet then i wouldnt need bitcoins. pms are not going to suddenly be worthless.....ever. pm's will always be worth something. atm they are manipulated down by the central banks. they just recently added in some rules to control the rise in the prices of the pm's (kinda obvious).
the truth is your not really on top of your game here. your just in here trolling and lying to people. you claimed you made a bundle from trading bitcoin and bought pms and your seeing profits in pms. that cannot be truth because no one is seeing great profits in pms because they are being manipulated down by central banks. they will have a bad bank smash that shiat down so the other banks can buy on the cheap. jpm has completely loaded up on silver at these low prices. jpm has foresight into the metals or they wouldn't buy millions of oz's of something that is worthless.
it is easy to see your faith is in the dollar and fiat:
us dollar index - source: marketwatch.com
USD per 1 EUR - Source: xe.com