BTCE:BTCUSD Bitcoin / Dollar
Following 2-3 days we have to hold in 485-490 Zone and possibly begin another bullrun, 550-560 is the next big target, wathing that if we break through!
Thanks guys, sry for the late answer. The news is great indeed, the accelerated acceptance ,on the other Hand, increases the supply, thus pushing the Prices down finding a new Equilibrium between supply and demand. As Long as acceptance (especially of retailers) increases disproportionated with the consumer acceptance, BTC Prices will experience further downwards pressure. BTC Needs an increase in insfrastructure (both Software and Hardware) to get attractive to new BTC adopters, also brick and mortar Establishments are needed already to offer Services and consultancy personally , new intermediators for BTC purchases and ofcourse a clear Definition of governments of BTC (including ist Regulation). Cheers!