[2014-02-07] Bitcoin Fever Is Spreading into Mainstream

hilariousandco

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Quote from: Ripdon007 on February 10, 2014, 03:59:44 PM

Quote from: hilariousandco on February 10, 2014, 03:42:17 PM

Intelligent people will look at the facts and make their own mind up, but when most just see headlines of FLAW FOUND IN BITCOIN PROTOCOL - PRICE CRASHES and IS BITCOIN A PONZI OR A BUBBLE? etc people tend to get scared away.

I read that article actually (IS BITCOIN A PONZI OR A BUBBLE?) it's really a great piece... check it out https://coinreport.net/bitcoin-a-bubble-ponzi/

I think we all need to accept the fact that bitcoin is 1) here to stay. and 2) it will get coverage on media outlets whether good or bad.

The only thing that bugs me is when the mainstream media go outta their way to portray negative views about bitcoin. They make themselves look bad (pointing fingers towards fox/cnbc...) Altho i do agree with the above comments that any coverage of bitcoin is good because it shows the strength of the community as a whole. If the media says something wrong about bitcoin, we see rebuttals pop up instantly around the web. I think especially nowadays you can't really hide the facts for long...

Well the media thrives on bad news. Look at the ratio of bad to good shit on there. It's always good news for people who love bad news.

Ripdon007

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Quote from: hilariousandco on February 10, 2014, 03:42:17 PM

Intelligent people will look at the facts and make their own mind up, but when most just see headlines of FLAW FOUND IN BITCOIN PROTOCOL - PRICE CRASHES and IS BITCOIN A PONZI OR A BUBBLE? etc people tend to get scared away.

I read that article actually (IS BITCOIN A PONZI OR A BUBBLE?) it's really a great piece... check it out https://coinreport.net/bitcoin-a-bubble-ponzi/

I think we all need to accept the fact that bitcoin is 1) here to stay. and 2) it will get coverage on media outlets whether good or bad.

The only thing that bugs me is when the mainstream media go outta their way to portray negative views about bitcoin. They make themselves look bad (pointing fingers towards fox/cnbc...) Altho i do agree with the above comments that any coverage of bitcoin is good because it shows the strength of the community as a whole. If the media says something wrong about bitcoin, we see rebuttals pop up instantly around the web. I think especially nowadays you can't really hide the facts for long...

hilariousandco

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Quote from: BitcoinMamba on February 10, 2014, 09:40:34 AM

Quote from: hilariousandco on February 10, 2014, 07:41:52 AM

Quote from: BitcoinMamba on February 10, 2014, 07:23:46 AM

With the price dropping and new articles appearing everywhere it's only logical that the price will go up again.

Even negative articles will have a positive influence on the price. New people will hear about BTC and will do research on it. They will see all the price fluctuation and see that right now the price is low compared to what it has been and what it can become.

As they say - there's no such thing as bad publicity.

I wouldn't be so sure about that. There's a difference between promoting something and slandering it. Bitcoin usually bounces back though quite quickly.

True.

But think about it. Let's say a person has never heard of bitcoin and suddenly sees an article on businessinsider about bitcoin price falling thanks to mt gox having problems. The article is interesting to the individual and the person starts to do further research on bitcoin.

He then finds different sites likebitcointalk.org, coindesk etc and sees all those articles on google and all the famous people like the Winkelwosses talking about bitcoin. Probably he will buy some as well, or use it to buy some goods.

In my opinion, it is only good for bitcoin to make it to the news - good or bad news... Because it still creates new people into the cryptocurrency world.

Intelligent people will look at the facts and make their own mind up, but when most just see headlines of FLAW FOUND IN BITCOIN PROTOCOL - PRICE CRASHES and IS BITCOIN A PONZI OR A BUBBLE? etc people tend to get scared away.

BitcoinMamba

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Quote from: hilariousandco on February 10, 2014, 07:41:52 AM

Quote from: BitcoinMamba on February 10, 2014, 07:23:46 AM

With the price dropping and new articles appearing everywhere it's only logical that the price will go up again.

Even negative articles will have a positive influence on the price. New people will hear about BTC and will do research on it. They will see all the price fluctuation and see that right now the price is low compared to what it has been and what it can become.

As they say - there's no such thing as bad publicity.

I wouldn't be so sure about that. There's a difference between promoting something and slandering it. Bitcoin usually bounces back though quite quickly.

True.

But think about it. Let's say a person has never heard of bitcoin and suddenly sees an article on businessinsider about bitcoin price falling thanks to mt gox having problems. The article is interesting to the individual and the person starts to do further research on bitcoin.

He then finds different sites likebitcointalk.org, coindesk etc and sees all those articles on google and all the famous people like the Winkelwosses talking about bitcoin. Probably he will buy some as well, or use it to buy some goods.

In my opinion, it is only good for bitcoin to make it to the news - good or bad news... Because it still creates new people into the cryptocurrency world.

coinarch

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I think I'm like all of you guys that it dropping a bit isn't the worst thing that could happen. Having said that I don't want Mt Gox to collapse as that will take a long time for the community to recover.

hilariousandco

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Quote from: BitcoinMamba on February 10, 2014, 07:23:46 AM

With the price dropping and new articles appearing everywhere it's only logical that the price will go up again.

Even negative articles will have a positive influence on the price. New people will hear about BTC and will do research on it. They will see all the price fluctuation and see that right now the price is low compared to what it has been and what it can become.

As they say - there's no such thing as bad publicity.

I wouldn't be so sure about that. There's a difference between promoting something and slandering it. Bitcoin usually bounces back though quite quickly.

BitcoinMamba

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With the price dropping and new articles appearing everywhere it's only logical that the price will go up again.

Even negative articles will have a positive influence on the price. New people will hear about BTC and will do research on it. They will see all the price fluctuation and see that right now the price is low compared to what it has been and what it can become.

As they say - there's no such thing as bad publicity.

hilariousandco

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Quote from: bryant.coleman on February 08, 2014, 12:55:46 AM

BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Hopefully the price will steady eventually, but these kind of inflations/deflations will probably happen for quite some time as the currency is still in its infancy really. Hopefully the price will go the opposite way gradually though once more people and merchants adopt it.

Quote from: Ripdon007 on February 08, 2014, 04:11:48 PM

i remember when people were complaining that ~5$ back in 2011-12 was TOO expensive... boy oh boy.. how wrong were those folks.. i bet most of em kick their own @ss before bed every night for missing out

And this will probably continue exponentially.

bryant.coleman

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Quote from: Ripdon007 on February 10, 2014, 03:07:23 AM

Quote from: bryant.coleman on February 10, 2014, 02:57:06 AM

Quote from: phazon307 on February 08, 2014, 04:12:56 PM

I hope it goes to 500 buy buy buy buy buy.

Yeah... if it touches 500, then I'm also buying a ton.

That's what I said last time it dipped below 500 but the chance came and went just as quick... didn't get to buy then until price was back up past 650.. so i feel pretty safe buying around current price

Hmm... Buying with localbitcoins can be tricky.

Ripdon007

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Quote from: bryant.coleman on February 10, 2014, 02:57:06 AM

Quote from: phazon307 on February 08, 2014, 04:12:56 PM

I hope it goes to 500 buy buy buy buy buy.

Yeah... if it touches 500, then I'm also buying a ton.

That's what I said last time it dipped below 500 but the chance came and went just as quick... didn't get to buy then until price was back up past 650.. so i feel pretty safe buying around current price

bryant.coleman

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Quote from: phazon307 on February 08, 2014, 04:12:56 PM

I hope it goes to 500 buy buy buy buy buy.

Yeah... if it touches 500, then I'm also buying a ton.

Ripdon007

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Quote from: balanghai on February 08, 2014, 10:00:23 PM

Maybe this is a boat now as well. 30% dip in 48 hours and after withdrwal is fixed bumps up at 250%. Well just a guess but maybe it can come true.

I'm definitely treating this dip as a buying opportunity.. this panic sell is nothing more than a fear sell off due to mt.gox issues which they will be resolved next week.... people that sold the past 2 days will then rush to chase after the price.. and that's how we're gonna get a huge bump in bitcoin prices.

balanghai

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Maybe this is a boat now as well. 30% dip in 48 hours and after withdrwal is fixed bumps up at 250%. Well just a guess but maybe it can come true.

Ripdon007

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Quote from: djarot on February 08, 2014, 04:28:09 PM

Quote from: Ripdon007 on February 08, 2014, 04:11:48 PM

Quote from: seriouscoin on February 08, 2014, 01:40:24 AM

Quote from: bryant.coleman on February 08, 2014, 12:55:46 AM

BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Thats actually how we will become mainstream, when weakhands and hoarders dump their coins its a buying opportunity for new comers. More coins being distributed is a good thing.

Ppl have been complaining $800 is too expensive... well now its their chance to buy some.

I will be buying some more as soon as my wiring done.

i remember when people were complaining that ~5$ back in 2011-12 was TOO expensive... boy oh boy.. how wrong were those folks.. i bet most of em kick their own @ss before bed every night for missing out

Yeah, I'm missing the boat on that one as well.

sry to hear that... maybe we'll have another boat coming soon

djarot

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Quote from: Ripdon007 on February 08, 2014, 04:11:48 PM

Quote from: seriouscoin on February 08, 2014, 01:40:24 AM

Quote from: bryant.coleman on February 08, 2014, 12:55:46 AM

BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Thats actually how we will become mainstream, when weakhands and hoarders dump their coins its a buying opportunity for new comers. More coins being distributed is a good thing.

Ppl have been complaining $800 is too expensive... well now its their chance to buy some.

I will be buying some more as soon as my wiring done.

i remember when people were complaining that ~5$ back in 2011-12 was TOO expensive... boy oh boy.. how wrong were those folks.. i bet most of em kick their own @ss before bed every night for missing out

Yeah, I'm missing the boat on that one as well.

phazon307

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Don't fear Crypto Exchanges go with honest well kn

I hope it goes to 500 buy buy buy buy buy.

Ripdon007

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Quote from: seriouscoin on February 08, 2014, 01:40:24 AM

Quote from: bryant.coleman on February 08, 2014, 12:55:46 AM

BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Thats actually how we will become mainstream, when weakhands and hoarders dump their coins its a buying opportunity for new comers. More coins being distributed is a good thing.

Ppl have been complaining $800 is too expensive... well now its their chance to buy some.

I will be buying some more as soon as my wiring done.

i remember when people were complaining that ~5$ back in 2011-12 was TOO expensive... boy oh boy.. how wrong were those folks.. i bet most of em kick their own @ss before bed every night for missing out

seriouscoin

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Quote from: bryant.coleman on February 08, 2014, 12:55:46 AM

BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Thats actually how we will become mainstream, when weakhands and hoarders dump their coins its a buying opportunity for new comers. More coins being distributed is a good thing.

Ppl have been complaining $800 is too expensive... well now its their chance to buy some.

I will be buying some more as soon as my wiring done.

Ripdon007

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Quote from: bryant.coleman on February 08, 2014, 12:55:46 AM

BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Current dip some are looking as an opportunity to buy Cool

its a panic sell due to Mt.Gox having withdrawal issues

bryant.coleman

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BTC dipped by 30% in 48 hours. If incidents such as these are common, then BTC will never become mainstream.

Topic: [2014-02-07] Bitcoin Fever Is Spreading into Mainstream (Read 1586 times)