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RE: Bitcoin: Trading the bounce.
May be stupid and an old idea already, the btc transaction fee is high and speed is poor but as its "history" and widely pair with many coins, will it become really a role like gold in the past (e.g. government issued currency back up by gold in the past), but not a method or medium of daily normal trade. Like some people still buying gold nowadays. :-/
The rapid price rise in the market need a retest and reveal the problem of btc users who believe btc could act as a medium of trade efficiently, now and in the future.
Hey @nanosesame, I doubt bitcoin will ever become global money, right now the price is way too high with regard to the fundamentals and you start seeing companies (like Steam) back-tracking on their decision to accept bitcoin as payment due to the fees and volatility, I hope we get a bear market next year so we can all focus on fundamentals and start accumulating the good stuff :)