bitcoin price dropping due to irs taxing it, page-4

That has been out for a few days, and there were a number of subsequent stories commenting on it. I watch the bitcoin price live continuously, and it is drawing a very long bow to attach any price reaction to that particular time. The reaction was very muted, if one could be seen at all.

Bitcoin price is pushed and pulled all the time, and dances to its own tune. Sometimes quiet for hours, then a sudden move of $10 or more.

As I see it, the success of DigitlBTC dos not depend on the bitcoin price being at a particular level. It will depend more on the take-up rate by the public, which is increasing every day. Once the fear-of-missing-something-good takes hold, the stage will be set.

I am encouraged every day by the sheer number of new news stories, ATMs popping up in all sorts of places, like Jerusalem yesterday. Israel is mentioned as a leader in bitcoin.

MEJ has currently fallen right off the traders radar, and most likely will not reappear until it officially becomes DigitlaBTC at the end of May. I doubt if it will be 6 cents (equivalent) then. The Board has people with proven success record, who's primary drivers are the thrill of cutting edge technology. They have determination with money behind them.

For me that's what makes it very different to other tech companies. It is the reason why some mining companies thrive while others in the same business languish. Its not bitcoin that enthuses me, its the guys driving it.