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> At some point, it will seem that its probably not going to rocket upward any more, and it might fall a little and then people start actually using it. No; th
by brazzy 14y ago
> At some point, it will seem that its probably not going to rocket upward any more, and it might fall a little and then people start actually using it.
No; then people start selling their BTC in a panic, MtGox is overwhelmed and stops working, and a lot of temporary millionaires start looking for work...
- tibbon 14y agoThat's the state of things now- but in a year? More exchanges could appear. I don't see why they won't. Panic selling will only happen so many times before people stop freaking out over little things.
- betterunix 14y ago"More exchanges could appear. I don't see why they won't" Regulations. The US government has already indicated its stance on what regulations apply to Bitcoin, and other governments will likely follow suit if it gains any more momentum. "Panic selling will only happen so many times before people stop freaking out over little things." ...or when Bitcoin fails, which is the overwhelmingly more likely outcome.
- userulluipeste 14y agoIt might happen other way around - MtGox is overwhelmed and stops working _because_ of the fact that the fiat currencies are falling and the only currency that makes sense to estimate things and services into becomes... well, you know it.