For the price to remain the same, it means people (and institutions) are buying at least more than 12,000 BTC every single week.

I think many institutions are buying quietly before the next rally and before the next halving:

http://www.bitcoinblockhalf.com/

This is a great time to accumulate. The upside potential overweighs many times any downside risk. And with the stock market peaking, more money will start flowing into Bitcoin.

submitted by /u/simplelifestyle
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Bitcoin – The Currency of the Internet

Blockchain is not a database, it’s a protocol for syncing the databases. The point of a blockchain is not to “store” or “distribute” data, it is to make sure mutually distrusting parties are all on the same page.

Blockchain is not a database, it's a protocol for syncing the databases. The point of a blockchain is not to "store" or "distribute" data, it is to make sure mutually distrusting parties are all on the same page. submitted by /u/Bitcoin-Laundry
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Bitcoin – The Currency of the Internet

My reaction when I spend hours explaining to my colleague that bitcoin is valuable because it’s the first piece of digital scarcity, the hardest money, and a global open access decentralised payment system, and he still insists it’s the same as tulip bulbs

My reaction when I spend hours explaining to my colleague that bitcoin is valuable because it’s the first piece of digital scarcity, the hardest money, and a global open access decentralised payment system, and he still insists it’s the same as tulip bulbs submitted by /u/autonova3
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Bitcoin – The Currency of the Internet