Not a chance Bitcoin has lost it's popularity because nothing has changed for that to happen. Maybe it is that Bitcoin isn't as "trendy" as it was but that is not very significant if you ask me. What I mean is Bitcoin is at a point where people want to try it because they have heard about it many times but they don't know much about it.
I think it's in a fad phase, which I think is good for the long term of the coin. I think the MTGOX was a blessing and a curse for Bitcoin and gave many people a chance to hop on the train but that is besides the point. This is more just a period of stagnation as far as the price is concerned. Adoption however is better then ever so I'm not worried until I see a reason to be.
Topic: Bitcoin slowly losing its popularity? (Read 8692 times)
And how did you come to this conclusion?
I think one of the main reason of losing popularity is high difficulty level of mining.
yep, that's correct. and bitcoin users will be always preferring bitcoin over fiat so the existing user base is also supporting it apart from the new people.
Everyday we are seeing new entrepeneurs, new big companies and more people using bitcoin. And you are telling us it is losing popularity? Just look two year back and see the changes that has happenned. You almost couldn't buy anything 2 years back and now you can buy from a tv to a flight.
Its gaining populaity, slowly.
It seems like bitcoin's popularity ebbs and flows depending on its value. Generally speaking, it seems like the popularity isn't really connected to the price - growth does not necessarily occur when the price increases. However, the feelings of the people in the community seems to depend upon the price.
Use and merchant adoption is what really matters.
Use and merchant adoption is what really matters.
All good points but kinda obvious for whoever is following bitcoin closely. There's a good chance that there's a big manipulation going on and that it is stenghtened by this unloading of old coins thanks to this new wave of merchants, some of them even offer huge deals once cannot just lose like the recent one from newegg.
This article is actually arguing that bitcoin's rising popularity is making the price go down (or go up less). It cites the citi report that says that since most large retail establishments are selling their bitcoin as they receive it the supply of bitcoin on the market is larger then it otherwise would be.
based on citi report:
http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/
http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/
Did this thought came out of no-where? Bitcoin is not loosing its popularity or value..can you link me to any such wrong articles?
Any numbers to support your statement(transactions, users created in forum, etc...)?
Can't see bitcoin losing popularity, only losing hype
Can't see bitcoin losing popularity, only losing hype
Exactly ,i think the issue here is not on its popularity but its ability to stand firm following the present circumstances Btc is encountering.
Any numbers to support your statement(transactions, users created in forum, etc...)?
Can't see bitcoin losing popularity, only losing hype
Can't see bitcoin losing popularity, only losing hype
Everyone is just looking at the current price and then making conclusions. This is wrong.
The price does not show if bitcoin is popular or not, nor is the adoption growing or not.
The price does not show if bitcoin is popular or not, nor is the adoption growing or not.
Not everyone. The most positive thing more and more places accepting Bitcoin. The number of transactions does not increase much though.
This is why I think the Bitcoin adoption grows, but very slowly last half year
I think there is difference between popular and hot. After one thing is accepted by the market, it seems that the hottest period is passing, however, it comes to the stable period. It is better on my opinion.
The popularity and adoption of bitcoins is steadily increasing every year, this downtrend doesn't mean that there are less people using btc.
I completely disagree with statement.I think its rather the reverse because its fame is growing wide daily.
Bitcoin losing its popularity?
Not true.
You people need to have some patience, this is not a HYIP scheme, this is not a gold mine. You cant get rich in 3 months.
Buy, better to say invest and wait for a couple of years. Acceptance of this revolutionary technology s going to take time. IMO, the key is stock market. Once Wall Street gets the opportunity to trade BTC, once large investment funds get a grip of it, it s going to skyrocket. At this point I think it is inevitable, just takes time.
Not true. You people need to have some patience, this is not a HYIP scheme, this is not a gold mine. You cant get rich in 3 months.
Buy, better to say invest and wait for a couple of years. Acceptance of this revolutionary technology s going to take time. IMO, the key is stock market. Once Wall Street gets the opportunity to trade BTC, once large investment funds get a grip of it, it s going to skyrocket. At this point I think it is inevitable, just takes time.
Yea u can get rich in 3 months also you can loose in that 3 months.
For wall street they are in this since the beginning only they don't intervene. Why? Who knows.
Big companies are in this ass well but what is the influence that is another question on the mater.
Maybe time will tell
We need eBay. It's eBay or death.
I don't know if that is going to happen because eBay=PayPal... That would take away profits directly from their hand.
thoughts?
I don't think so but I feel LTC is starting to lose popularity.. It doesn't seem to trend on climbs and dips like BTC.
Bitcoin losing its popularity? Not true.
You people need to have some patience, this is not a HYIP scheme, this is not a gold mine. You cant get rich in 3 months.
Buy, better to say invest and wait for a couple of years. Acceptance of this revolutionary technology s going to take time. IMO, the key is stock market. Once Wall Street gets the opportunity to trade BTC, once large investment funds get a grip of it, it s going to skyrocket. At this point I think it is inevitable, just takes time.
Not true. You people need to have some patience, this is not a HYIP scheme, this is not a gold mine. You cant get rich in 3 months.
Buy, better to say invest and wait for a couple of years. Acceptance of this revolutionary technology s going to take time. IMO, the key is stock market. Once Wall Street gets the opportunity to trade BTC, once large investment funds get a grip of it, it s going to skyrocket. At this point I think it is inevitable, just takes time.
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