If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
Its 20kBTC away from $110 after touching it twice hours ago. Seems unlikely.
stamp dropping fast from 110, now 102........ it will lead the next drop;......
Sure hope so.
imo I would still be cautious. SR accounted for ~300-400 million in revenue a year for bitcoins. Much of which was from fresh money being brought in by customers. I don't know of anything else in the same stratosphere in terms of bringing in money into the network. SR was/is a big deal. Will there be other sites to take its place? Sure.. but to what extent they will fill that void remains to be seen. Also will customers/vendors of these sites be weary about jumping back into this market?
Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.
Buyers bought btc, sellers sold btc to buy product.
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this
By this atrocious logic, bitcoin could be valued at$1 and be a useful currency.
No. The bigger the operation, the more money it needs to function, even with no net gain loss.
