I think short term (1-3 years) there is a real issue with liquidity in the Bitcoin market (moving between currencies) & acceptance. I suspect to see a dip dropping below November prices March-July as people need access to cash later in the year (due to January optimism wearing & credit bills to pay) and in the process of trying to make liquid their bitcoin reserves discover the problems with liquidity, which have to do with shady exchanges: causing further dip. In person cash transactions are best at this stage, but require effort. Bitcoin has solid value though and isn't going anywhere.
Basically: what places that do accept bitcoin for currency are shady and uncertain, and few accept for goods.
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Stuff just goes up in January, people are optimistic. https://ssl1.washingtonpost.com/opinions/why-do-stock-prices... Markets aren't rational. I bought in December & exited about a week ago on this strategy.
I think short term (1-3 years) there is a real issue with liquidity in the Bitcoin market (moving between currencies) & acceptance. I suspect to see a dip dropping below November prices March-July as people need access to cash later in the year (due to January optimism wearing & credit bills to pay) and in the process of trying to make liquid their bitcoin reserves discover the problems with liquidity, which have to do with shady exchanges: causing further dip. In person cash transactions are best at this stage, but require effort. Bitcoin has solid value though and isn't going anywhere.
Basically: what places that do accept bitcoin for currency are shady and uncertain, and few accept for goods.
While I agree it used to be very difficult to move between USD and bitcoins, https://coinbase.com (YC S12) has made this pretty easy at this point.