Topic: Bitcoin slowly losing its popularity? - page 5. (Read 8720 times)

That IS a sexy chart! I would date that chart...

But, remember that past performance is not indicative of future results. Sounds like you, personally, are doing quite well with it...

Getting too expensive for small time players to own bitcoin.

My advice.... Don't trust the opinion of anyone who can't spell 'losing'.

It's all the merchants.  As soon as the merchants get their hand on BTC - they fire sell at the minimum prices to get $Fiat to pay their taxes, overhead and employee salaries.

Bitcoin will only continue to go down when more merchants adopt it and the BTC whales dump their coins for goods and services.

I have seen posts like this since I started following Bitcoin. It's just sad to insult someone and assume their motives are crooked just because they might know less about, or think differently about Bitcoin.

Now to answer the OP's question I think Bitcoin is growing quickly. When I first talked about Bitcoin to my friends just a year and a half ago, they gave me funny looks. Now they nod knowingly and surprise me with how much they know. I sold Bitcoin to a friend of mine just a few days ago.

We've gotten a ton of media attention, and in a few short months, we've had Dish Network, Dell and Expedia begin accepting Bitcoin, along with hundreds if not thousands of smaller merchants. I've been a bear for much of Bitcoin's history (I felt it was overpriced), but I've never been more bullish: The price is only half of its peak, and we're in a much better position now then we were: The exchange infrastructure is much stronger (losing MtGox and Bitfloor hurt, I lost all of my Bitcoins, but it needed to happen) now, and we're seeing a lot of growth in acceptance and services. That's not to mention that when I first bought Bitcoin in early 2013 many of us weren't even sure it was legal.

I have a few concerns long term, but the next couple years should be great for Bitcoin.

Its losing its novelty.   Such a pain to use

that graph looks wrong to me, or at least the euro has weakened sigfnicantly this past year. how could bitcoin have been 425 euros in november last year? was 1 euro worth 3 times what the dollar was?

loose what ? https://bitcoinaverage.com/charts#EUR-averages-all
It raise ... every MONTHS now.

people expect bitcoin to grow exponentially, so when it grows at a decent pace, they start to panic and think that it is dying. also, people who are looking to get rich quick look at the price only, and ignore everything else.

Bitcoin is only just starting its engines, man! There's still so much room left for growth! I suggest everyone just invest some money, and if they just keep it in a cold wallet, they may be BitcoinMillionaires some day! Haha!

are bitcoins days limited?

no.

https://bitcointalksearch.org/topic/we-already-passed-the-tipping-point-of-btc-718863

Why do you think its pointless to advertise it to kids and 3rd world?  What if the 3rd world country has a computer...(usually they do) and you can get everyone to use it to collect faucets, sig payments...imagine if they could raise .2BTC or something...that would do that wonders!

I think kids would really enjoy it too...


As far as popular goes, why do you think it only is gaining popular with the people loaded with cash?  I think a lot of us aren't loaded and we are all here...

It is gaining popularity with the group that matter (loaded with cash).

Pointless to advertise it to kids and 3rd world. Should target wall street and people that matter.

Guys,

We need to remember that BTC at the moment is in the inflation stage so the pressure of the daily minted coins is too much for the small user-base at the moment, there are too many sell orders happening from the miners to pay off there mining investments, this is why I recon the price is like this, I would actually be surprised if BTC booms this year, but I will not SELL !

 In my amateur opinion we will keep seeing this until one of these 2 things happen

 1 - User-base increases by quite a bit!

 2 - Reward halves & Difficulty rises reducing the coins being minted, by this time it may smooth out the amount of coins coming out which reduces sell orders & hopefully buy orders start to overpower.

Usual though one have when not surfing all time highs.

And where did you get this information?

Fucking learn how to spell "losing" and maybe someone will take your post seriously. Or not:

Bitcoin is certainly losing popularity with central banks.

Nope !