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Topic: Bitcoin is going viral (Read 2331 times)

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 06, 2015, 07:05:27 AM
#31
No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.

This guy has the right mindset.
I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example:
"If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!"

Why would any company have incentive to do this? To lose money? They don't actually care about bitcoin and they wouldnt hold it anyways, most likely just use a payment provider like coinbase and immediately cash out every time. Adoption by companies will not help the stability of the price, actually in the long run it will most likely continue to drive the price down. Bitcoin is accepted by large retailers at this point, but if you buy something which costs $10000 USD and you pay with bitcoin, you are essentially dumping 10k in btc. You will get a slight advantage because they will take it (maybe) at one price, but I would doubt it.

I suppose a registrar (the company which registers domain names) could do it. Probably not 20%, but 10% off for paying with BTC could be a hit.
hero member
Activity: 714
Merit: 500
January 06, 2015, 06:03:21 AM
#30
Like I understand the term viral. Bitcoin hasn't gone viral yet.
I don't see much Bitcoin-news in mainstream media. I don't see it on Facebook, I don't see it on 9gag.
I don't think, it ever will go viral. I don't see any event, that could make that happen.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
January 06, 2015, 03:23:36 AM
#29
It hasn't even started yet, you won't be on the forums asking questions like this when bitcoin goes viral.

Where will I be? St. Tropez?
hero member
Activity: 770
Merit: 500
January 06, 2015, 03:08:09 AM
#28
full member
Activity: 150
Merit: 100
January 05, 2015, 10:15:00 PM
#27
it went viral in 2013 but after that was dumped all through 2014.
Today it's an old fart and still can't hold value. It had it's chance and messed up. Things don't go viral twice.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
January 05, 2015, 09:46:39 PM
#26
It hasn't even started yet, you won't be on the forums asking questions like this when bitcoin goes viral.
sr. member
Activity: 406
Merit: 250
January 05, 2015, 09:34:35 PM
#25
Bitcoin was viral (hysteria) when it reached its peak@$1200.  Same with Silver when it peaked at $50. Now it's just getting press for all the wrong reasons....
legendary
Activity: 1820
Merit: 1001
January 05, 2015, 08:53:30 PM
#24
Evaluate this statement.


Evaluate your statement sure ok. Bitcoin is far from viral, has a lot more in it first to do that and its a fraction of the way of been viral. It is indeed getting more and more popular however for it to be viral it needs to be everywhere like Paypal as an example or even Amazon. When its as big as one of them then it will be viral Smiley
hero member
Activity: 714
Merit: 500
January 05, 2015, 07:02:00 PM
#23
No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.

This guy has the right mindset.
I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example:
"If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!"

Why would any company have incentive to do this? To lose money? They don't actually care about bitcoin and they wouldnt hold it anyways, most likely just use a payment provider like coinbase and immediately cash out every time. Adoption by companies will not help the stability of the price, actually in the long run it will most likely continue to drive the price down. Bitcoin is accepted by large retailers at this point, but if you buy something which costs $10000 USD and you pay with bitcoin, you are essentially dumping 10k in btc. You will get a slight advantage because they will take it (maybe) at one price, but I would doubt it.
They save money on fees(e.g. credit card) and could give a share back to the customer by discounts. But sure, that are not 20%.
sr. member
Activity: 264
Merit: 250
January 05, 2015, 04:49:11 PM
#22
No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.

This guy has the right mindset.
I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example:
"If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!"

Why would any company have incentive to do this? To lose money? They don't actually care about bitcoin and they wouldnt hold it anyways, most likely just use a payment provider like coinbase and immediately cash out every time. Adoption by companies will not help the stability of the price, actually in the long run it will most likely continue to drive the price down. Bitcoin is accepted by large retailers at this point, but if you buy something which costs $10000 USD and you pay with bitcoin, you are essentially dumping 10k in btc. You will get a slight advantage because they will take it (maybe) at one price, but I would doubt it.
sr. member
Activity: 294
Merit: 250
Mercurial
January 05, 2015, 02:30:34 PM
#21
No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.

I would like to add though, that maybe how BTC could go essentially viral within the whole world, is if there was some sort of benefit that big companies made it to be. Such as this for example:
"If you pay your ______ Bill with Bitcoin, then you save an extra 20%!" ... or "If you buy this XXXX Product with Bitcoins, then you get a second one free of charge!"
full member
Activity: 210
Merit: 100
January 05, 2015, 12:56:42 PM
#20
Not yet, but it will some day.
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
January 05, 2015, 12:56:06 PM
#19
Don't know a lot about this viral thing for BTCBTCBTC, but all I wanna say is, I'm trying to evaluate what this thing actually is, and making people too learn about it in my circle. I'm trying to form a community for my city in order to let them understand this on how to use it, what are the features, etc. and also, will be opening a "Bitcoin Only Shop" soon in my place for this to go a bit viral in India... Smiley
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 05, 2015, 12:50:06 PM
#18
No, BTC cannot go viral. Since it involves spending money (usually via a bank wire), it cannot spread like a virus.
newbie
Activity: 21
Merit: 0
January 05, 2015, 11:35:38 AM
#17
Evaluate this statement.

It is not going viral but each day more people know about Bitcoin in number and in percentage of the world population than the day before.
sr. member
Activity: 300
Merit: 250
January 05, 2015, 11:34:55 AM
#16
well, clearly there are some indicator proving that more people know about Bitcoin. But with current falling price, the masses wouldn't buy into it, they only pay attention when bitcoin is being pumped, i.e. on a bubble.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
legendary
Activity: 3374
Merit: 1824
January 05, 2015, 09:02:12 AM
#14
If only the viral word translate into adoption. The fact is that although bitcoin search volume can be high but most people stop at the stage of just checking what it is all about and not further than that. And sometimes the search relates to keyword that portrays bitcoin in a negative way like getting hack, price volatility, manipulation,

Exactly!
We need real action here, buying and selling in higher volume, not just visiting and checking status of btc.
Without this, value of btc will not recover soon.
Q7
sr. member
Activity: 448
Merit: 250
January 05, 2015, 06:09:42 AM
#13
If only the viral word translate into adoption. The fact is that although bitcoin search volume can be high but most people stop at the stage of just checking what it is all about and not further than that. And sometimes the search relates to keyword that portrays bitcoin in a negative way like getting hack, price volatility, manipulation,
legendary
Activity: 1106
Merit: 1000
January 05, 2015, 05:51:06 AM
#12
According to google, search volume about doubled the day after the Bitcoin Bowl game, but then fell back to monthly average levels.


Isn't that just people Googling 'Bitcoin bowl' rather than just Bitcoin. I'm sure some people did some online research as well though. Research doesn't mean use sadly though.
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