Chinese people buy in chinese exchanges and then western people who are already familiar with the bitcoin buy in example bitstamp. Normal western people are not yet interested (google trends) but when we break ATH they will be and then everybody just BUY BUY BUY =D
It's also possible everyone who wanted to learn about bitcoin already did that back in april, and when it does hit the media those people will be like "meh, again? I'm not falling for this again!".
Those people buy when we break $500 and then they sell at the next correction bottom.
this ... is exactly why most people will not touch bitcoin with a 10 foot pole... only a few suckers will do this, and btc will get a bad reputation- it is actually pretty bad already among the normal people...
ask anyone who is a CFO or accountant if they think any large business would want to use a currency that fluctuates by 50% in any given week, and has an ultra thin market.
Now you're hitting an entirely different subject with that last remark. I'm saying the bitcoin community underestimates how many people actually know about bitcoin. I think everyone who matters (people interested in technology, IT people, general investors,...) already learned about bitcoin back in april. Never mind the regular mom and pop investors, they wouldn't touch this with a 10 foot pole as this is an investment that lies outside of the banking scheme. For the regular mom and pop investors to come in, something truly revolutionary (or cataclysmic like a US default that has people searching for a safe haven) needs to happen. Another thing, look at the possibilities one has to invest in bitcoin. One needs to transfer money to an unregulated bitcoin exchange like Bitstamp or Gox. No way regular mom and pop investors would do that. But that's long term talk. Short term we need to look at companies and people like us (technofreaks) endorsing bitcoin.
read the first sentence of the first 2 paragraphs of satoshi's wp:
"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments"
"What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party"
Is btc used for commerce on the Internet?
Where in the wp does it say we need a trustless asset class to invest in?
good to go back to the roots sometimes... for a reminder of why this even exists.
