Topic: Bitcoin is Unstoppable - page 5. (Read 3433 times)

Europe is not much better. At least in Germany and Austria there never was double-taxation on using Bitcoin as a currency to begin with, yet I know only few online stores that accept Bitcoin and even fewer brick and mortar stores that do so. In Vienna you can buy Bitcoins pretty much around every corner, yet there's nowhere to spent them :X

In general taxation on long term hodlers is A+++ though, would hodl again.



Steam has been accepting BTC since 2016 which is quite some time after the bubble(s) of 2013 which where the main focus of my original post. I agree with your sentiment that overall merchant adoption has stayed about the same (we lost some, we gained some), but don't expect more merchants to jump in just because the price has risen. Merchants care about adoption, not Bitcoin price. Growth brings new people in, thus raising adoption, but it will still take a while for merchants to react.

Yes, Bitcoin is unstoppable. You make Bitcoin holders more happy especially after the splitting into Bitcoin & Bitcoin Cash. Bitcoin is still number one today. Thanks for starting the blockchain.
Bitcoin became an inspiration for many experts to discover & to create another crypto currency today.
 

Ha ha I like this image, well done!
Yes let's hope bitcoin hits a higher gear,
draws more support and acceptance.

This should also be posted over on social media !

This picture should be posted in the thread for newbies, because of that is that group that react on pessimistic news. Those people who for a long time work with bitcoin do not react on such kind of information and keep holding. To the moon is the next stoppage!

I like the second image, very realistic and optimistic. People always think of the present not the future. Im sad for them but its their choice not ours.

On the way bitcoin periodically there are various obstacles. But as can be seen from the diagram, if for a period of these obstacles the bitcoine rate fell a little, then after their overcoming it invariably increased even more than its peak rate before the occurrence of these obstacles. Thus, if you look at the bitcoin course in the long run, then it invariably grows, and it grows at a fast pace. If this continues, then by the end of the year we can have bitcoin and for 4000-5000 dollars.

Yeah. It only shows that we need to put trust in bitcion even it may have an issue regarding everything. We should learn to take the risk and keep hoping that we can earn bitcoin with a high value. So  keep it up and believes it nothing will happen. Just pray for it. Bitcoin price will go to the moon.

The context in which Bill Gates said was that bitcoin is efficient in moving large amount of money world wide which is the basic fundamental of bitcoin,for businesses to start accepting bitcoin the local law must legalize bitcoin,other than that i do not think it will be massively adapted by businesses.

The Chinese manipulation has gone down considerably as they were the ones who pumped and dumped the price in the past few years and now things have changed a lot from that situation,now we are seeing more sustainable growth and the future is promising.

This is bullshit.  On the graph you're showing a series of negative events - which is a large amount of BTC events - and implying that they cause the price to rise, or that the price rises despite those negative events.

If negative events are not accounted for in the price, BTC is overvalued.  And I definitely think that it is overvalued, at least for now.  

Everyone would like to think that $3000 is some kind of normal price.  I wish that it was.  But thinking that the good times will never end is extremely dangerous, because you won't know what to do when they stop.
Steam has been accepting BTC for ages.  Merchants like Fiverr and Dell dropped out when this crazy bull market started.  Overall I'd say the merchant adoption has stayed about the same as it was at the start of 2017 when the price was three times lower.  Not a good sign.

this is mostly US's problems though. with all the taxes and limitations and all that, merchants think twice before going near bitcoin. and on top of it i hear they are not happy about things like bitliscence.

in other countries things are much better. i think everyone knows about Japan and no tax on bitcoin now! i hear European countries are also doing some good stuff. Switzerland has been bitcoin friendly for a long time now...

Which one? 2013 saw 2 bubbles, the first peaking at ~USD 270,- and the second at ~USD 1180,-

A correction may still be inbound, but this year's growth appears to be much healthier than the growth we saw in 2013. It's not as rapid and volatile as it used to be, that's left to the alts nowadays. Also I suspect that confidence in BTC has risen by surviving a 3 year bear market and coming out on top.

The community appears to have become more toxic over the years, but it seems to have gotten better now that we've got the fork out of our minds. (I guess a bull market also helps the general mood)

Mining is now a business. Keep in mind that 2013 was also the year were ASICs just began entering the market, making it impossible to profitably mine with consumer hardware, thus shutting out large parts of the community from mining BTC.

In addition the infrastructure has gotten much much better. Instead of a single large questionably run exchange (MtGox) we now have a multitude of questionably run exchanges. Most of which actually appear to be run like proper businesses by now. Those that get hacked or "hacked" don't have as much as an impact anymore because they are only one of many.

BTCChina has trading fees by now, so chinese trading volumes aren't as artificially inflated as they used to be.

Merchant adoption of BTC is still slow, but e.g. Steam has began accepting BTC which is nice.

Media coverage has become more favorable. The general populace still finds BTC weird but doesn't find it as crazy anymore.

New investors and establishments who accept bitcoins are major contributors for the price trend. Plus the more the people realizes that fiat is deflating every year, the more they look for an escape. That is where bitcoins come in handy. 

This big rise may has it's correction.

Question for experienced:
Will massive correction occur after this rise? Is this growth in 2017 healthier then 2013 bubble?
It seems like Bitcoin has very good infrastructure, good community, a lot of bussines accepting BTC, successfully(?) passed fork... overall everything seems pretty optimistic. So I would say that price is not pumped too much.
How were things in 2013? Can anyone compare these ''bubbles''?

Oh yes, I totally agree that Bitcoin is Unstoppable. Since beginning of 2017, the value is at least triple now.

Yeah, dude. This is it. This will be sustained for a few months without distractions. I think late this year the dip will again pay a visit.

So basically Bitcoin is not powered by cryptography and electricity but rather by people and drama. Figures. That also explains why the amount of drama needed to show any effect on people is constantly increasing.

It's not just the followers but the global acceptance of bitcoin as a community accepted trading platform meeting certain standards.In  terms of tech there are many coins which claim to offer functionalities that bitcoin doesn't. They have architectures which will change they way industries and finances work but at the end of the day,it isn't about fancy tech and confusing words,mass adaptation needs something simple as bitcoin hence we prosper.

Bitcoin is now very effective in this generation.Many people says that bitcoin helps their financial status and financial aspects.And as Bill Gates says Bitcoin is really unstoppable and very efficient.And many are using this for their buisiness thats why it grows and increase.

bitcoin will continue growing, and with the growth it shows there will be always something that won't like the growth of bitcoin, so will try to depreciate. But I think there are lots of followers that follow religiously bitcoin and will continue, so this will help bitcoin maintain it's position in the currency world.

Loved the graph it's so apt, and true there seems to be no stopping it and there will be nothing that can stop it. There is August 8th event also wondering if that also takes the graph up and up. The price has come down slightly now but that I feel is ok, a little breather for those who want to get in. The long run is secured and there is no reason to worry hold on tight to it.