Nightowlace
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January 12, 2014, 10:44:49 PM

Now it is about 2:00 AM in China; all the Chinese traders (and their robots) must be sleeping, since Huobi's volume is (relatively) almost zero.

We should be able to see now what the price trend would be without China. 


If and when Bitcoin reaches tens of thousands of dollars each how disappointed will you be that you didn't invest?
I think you need to look at the long term potential of bitcoin being adopted as a method of transfer in money and a store of value.
Gold eft is a store of value based on nothing. If everyone were to want physical gold for their paper gold it would be impossible. So why not bitcoin?
Look at the ease of use, limited interference, and speed in which you can transfer funds. If I wanted to send my friend in London $1,000 USD it would cost me about $275 USD a trip to the local Western Union and more paperwork, identification and declarations than if I were going in to the hospital for a heart transplant.

With Bitcoin I can sit at home, in my boxers, log in too my wallet and transfer funds for less than 1%, no paperwork, and no more time than waiting for my Keurig to pour a nice hot cup of coffee.

Win win. HODL. Buy now before it's too late.