Treading at a range of 431.85 right now
We passed $420 and are in a real testing range for Bitcoin the rally seems quite strong from 410 today to a 390 dump and then a recovery that moved it 20 dollars over its time like this that I sure love speculation
Speculation or adoption?
The subthread of the forum we are in is Speculation
That said your right about it being a subset of Bitcoin adoption however we do not have a section called Bitcoin adoption so I adopted the name here.
Folk I've talked to about bitcoin we're less concerned about the fact it was 'speculation' and more to the fact it was a 'ponzi' or was not 'legit' ..they speculate in stuff all the time..so it was not the money loss. As it was stated to me many times..they would hate to get involved in bitcoin or crypto and then get a "I told you so" when it 'blew up" and went beanie baby and or tulips....so it was that fear.....
IF we are over that hump....and folk now figure that BTC is legit enough to buy coin w/o the worry that it is all a farce...just a 'speculative investment' that still MAY go kaput...but that is the nature of all speculation...
well.....if the above is in any way true....this puppy could get back to 1000 usd a btc real damn quick
So again ..speculation is one thing......what you speculate in is the other....if there is at least a little to a lot of faith growing that BTC and crypto has some logic behind them and it is not just some kinda scam..and this hits the 'main public' ...well then the only question is a matter of RISK and AMOUNT...not IF to get in or not....them's lots of folks on the sidelines imho
watch out.....it will be quite the slingshot up imho ..for both use and price if what I say above has any truth
we will be the first to know one way or another
It's taken time but I agree with you, that said the spectre of Ponzi's has slowly faded away as we have had more professional services and exchanges develop not to say that crypto scams are a complete part of the past but their dominance is and has been fading away.
The atmosphere of Fear is still around you just need to look at cases such as what happened in Taiwan to see that, but on the other hand looking at changes to tax regulations in Europe increased usage in Brazil with record exchange volumes this month and the launch of exchanges in New York like Gemini to see that the fear is dissipating albeit slowly and in different places at different times the atmosphere of the forums itself has done the same as we acquired more users and started moving to mainstream.
Above all the Blockchain is bringing in real changes and introducing people who were initially afraid of crypto in by a different approach with that initial fear turning into excitement and interest as all the related projects that were birthed from it have started to come into fruition.
We only need to look at this weeks issue of the economist to see that, so I have faith we are going to get past that dark perception and move forward and this time around we are in for another rocket run, but with a far stronger userbase and service base than we had even a year ago.
As we near 1 Billion in Seed Funding
http://www.coindesk.com/bitcoin-venture-capital/That said this time around (sells at 2K buys at $500 ha-ha dang 2013 Bubble Pop
)
(As an aside already passed $500 in Cad)