Most (probably all) of the people that I see singing the praises of bitcoin are people with a vested interest in keeping the demand for bitcoins high, so they don't lose money on the bitcoins they already own. The people that have recently bought bitcoins at their high price point, based on the glowing reports of profits made by people like you, are now just hoping the price goes up, up, up by the bigger fool pricing model. Convince me that people are buying bitcoins because they are easier to exchange for goods and services than US dollars. Otherwise I'll continue to argue that the price has just been driven up by speculators.
What percentage of the current price of bitcoins is just a bubble produced by people speculating on future gains? What makes bitcoin a better place for people to put their money right now than silver was when it sold for over $50 an ounce?
Probably down where it hit bottom this time. The “bubble” that we just went through was an aberration. It had been moving along at a decent pace, but then it went parabolic. It’s pretty much back on the growth track going back a year or so.
I am all for a slow pace of growth. I’ve already made back all of my initial investments 100x over. I could not care less if someone bought or sold for the rest of time.
I am more interested in the tech, not so much the speculative nature.