Topic: Bitcoin: Should you stay or should you go? - page 35. (Read 34212 times)

I don't think so that the Bitcoin ever will return to its starting point.Bitcoin is just to go further and further by large adoption.People who do not believe in Bitcoin they never did and never will do but who are open minded to embrace the innovative techs always welcome and support any tech.Bitcoin will make it way by itself in spite of all the issues related to its tech.

Well, for those who wants to leave, I say GOOD LUCK and make sure you sell your coins at discount prices.
I for one will enjoy the rodeo ride and buy as many of those coins as my fiat budget would allow.
Bitcoin is the killer APP for me. ^Hint hint^

as long as would return to its value afterward, i'm not so concerned to return back to bitcoin's root, i will simply buy more, it would be the second train that everyone was waiting

but i still doubt we will see something like 1 usd for bitcoin ever again, it can't happen because of miners, they control the network and the price too for some extend

Yeah I see what you are saying.  I think the first step is to simplify the exchange process.  I had to read up on how to buy bitcoins and tbh it was a total pain to get some.  If you could just buy them direct from a bank account in stead of having to wait a week or pay a hefty transfer fee then that would go a long way to better adoption.  That will be the first barrier to cross.  The second will be transaction speed.  The average person does not want to wait so long for a transaction to go through.  They are used to credit cards and instant money.  Third there needs to be some advantage that bitcoins have.  Why would the average person use bitcoins in stead of dollars?  If I get ripped off using my CC then I just call them and have the transaction reversed.  BTC has no such thing.  It needs to have an advantage for the average person and not just us.

Without a defining killer app, I am confident that Bitcoin will, in fits and starts, inevitably return to its 2009 levels. It would be pointless to guess how long that process will take; or when that killer app will appear although I am also confident it will appear at some entirely unpredictable point.

I'm easily old enough to remember the very early days of personal computers. I remember a story from The Wall Street Journal in which a reporter interviewed a small-business owner (I think an auto-repair shop) who had bought an Apple II. The reporter asked the man what he thought of his purchase. The man stared glumly at the Apple for a moment and then sourly commented: "The damn thing just sits there."

Exactly. The world was just never going to buy into a command-prompt environment in a really big way. But the Mac came along and then the world began to change. (Be like the Mac! Bill Gates commanded his troops developing Windows 95.) And so it will be with Bitcoin. The world will never buy into it until an environment comes along that makes it easier, safer, and a lot more fun to use. Until then, the price will suffer periodic whale-dumps and then sort of bounce, spurt, and finally just roll along long enough for people to start talking (again) about "Bitcoin's recent price stability." And then yet another whale-dump will splash the water and the retroactively obvious cycle will begin again.

If you decide to go, then you will miss out on the killer app that will send Bitcoin to the moon and beyond. If you decide to stay, then you will watch the value of your stash just ebb away before your eyes. That choice defines your control.

As for me, for now I'm going to stay. But I've got Coinbase and can go in a second. That could happen at any time too.

[Comment added June 23, 2015:

My conclusion: stay. The blockchain itself will be the killer app upon which all other apps and bitcoins' fiat value will depend.]