On: Bitcoin Falls Below $400

[acomjean]

I think bitcoins price is going to be volatile. I think it needs to find a niche that drives a constant use or churn for it to remain stable.

Too many investors not enough users?

As someone who owns no bitcoins I find the whole thing fascinating to watch.

[brazzy → acomjean]

> Too many investors not enough users?

This, very much. Bitcoin was designed as a currency, not as an investment vehicle. Most use it as the latter, which causes problems.

[jafaku → brazzy]

That's a myth. Satoshi compared it to gold multiple times. Imagine if gold was digital: You wouldn't be able to make it fit into a single category like "currency" or "investment". Or maybe you could, but you would have to leave behind this common modern assumption that a currency must have the exact same value every year, or even lose 2% every year.