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Topic: Bitcoin slowly losing its popularity? - page 6. (Read 8720 times)

legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
July 30, 2014, 08:06:14 PM
#57
If you mean that Bitcoin is loosing its popularity in the way that pants are loose with plenty of room to expand then I would say that Bitcoin is loose with plenty of room for growth of more popularity.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
July 30, 2014, 05:02:31 PM
#56
Yeah another thread with no point but to cause some sort of panic.  If anything Bitcoin is gaining integrity everyday.  It's laughable for such a claim to be made.  It's like people are really waiting for anything that can be viewed as negative(even with out reason).  To convince others Bitcoin is doomed it's amusing I must admit.  It's like when the stock market slows down and I say is this the end of Wall Street, lol.

I really hope people are getting hip to this nonsense because it's beyond old.  Bitcoin has value for the reason it always has and nothing has changed if you ask me.
hero member
Activity: 1492
Merit: 763
Life is a taxable event
July 30, 2014, 04:50:52 PM
#55
The title is FUDdy.

No.

Why?

More online retailers accepting it every month.

It also seems like a lot more people know about it now.

I went to a local bitcoin meetup. Yes, a local one.



The title is a statement with a question mark. It's manipulative and should be re-worded.
hero member
Activity: 574
Merit: 500
July 30, 2014, 04:47:23 PM
#54

Oh, one more thing, the ever growing blockchain means it takes a few days to synch the blockchain to use the base client.
The blockchain size issue was effectively solved with the release of multibit wallet, it now synchronises in seconds and only downloads a fraction of the blockchain. See Mike Hearns recent post in discussion.

No. Well, it is solved for the end user, okay. But the blockchain itself has still the same size. And it may be prudent to have incremental versions of the blockchain. With certain time slices or -states so to say!
Agreed, the blockchain as currently implemented is not scaleable enough, some mechanism to agree the current balance of every address at a given point in time and disregard old block chain needs to be thought about/incorporated, since we only need to know current balances not past balances to transact.
full member
Activity: 210
Merit: 100
July 30, 2014, 04:44:31 PM
#53

Oh, one more thing, the ever growing blockchain means it takes a few days to synch the blockchain to use the base client.
The blockchain size issue was effectively solved with the release of multibit wallet, it now synchronises in seconds and only downloads a fraction of the blockchain. See Mike Hearns recent post in discussion.

No. Well, it is solved for the end user, okay. But the blockchain itself has still the same size. And it may be prudent to have incremental versions of the blockchain. With certain time slices or -states so to say!
hero member
Activity: 574
Merit: 500
July 30, 2014, 04:43:03 PM
#52

Oh, one more thing, the ever growing blockchain means it takes a few days to synch the blockchain to use the base client.
The blockchain size issue was effectively solved with the release of multibit wallet, it now synchronises in seconds and only downloads a fraction of the blockchain. See Mike Hearns recent post in discussion.
full member
Activity: 168
Merit: 100
July 30, 2014, 04:29:07 PM
#51
What is bitcoin? I did not know.
Who are you? I did not know.
Oh you're right, bitcoin losing its popularity.
newbie
Activity: 1
Merit: 0
July 30, 2014, 04:21:35 PM
#50
Nooo! It's a disruptive currency!!! I'm fairly new to it, as well!
hero member
Activity: 924
Merit: 1000
July 30, 2014, 04:18:29 PM
#49
Its obvious that the govt. hates bitcoin. Im pretty sure that they are discouraging banking institutions from dealing with bitcoin. In fact, there is a group that the govt formed just to investigate the banks that do deal with bitcoin. Im sure that this doesn't help too much.
full member
Activity: 193
Merit: 117
HODL
July 30, 2014, 04:13:15 PM
#48
loosing or lowsening  (ˈluːsɪŋ, -zɪŋ, ˈlɔɪ-, ˈluːsɪŋ, -zɪŋ, ˈlɔɪ-)
 
— n
   dialect  ( Yorkshire ) a celebration of one's 21st birthday


Bitcoin was born in 2009 so it won't be having it's 21st birthday until 2030

FFS learn the difference between lose and loose you illiterates
legendary
Activity: 1022
Merit: 1000
July 30, 2014, 04:08:55 PM
#47
No, not at all.  The only thing that has really changed is the price, making bitcoin much more serious and the rise of ASICS.  Both of these work against new people coming into the bitcoin ecosystem.  The high price of bitcoin makes it hard to get your first bitcent to goof around with and encourages scammers.  The rise of ASICs means you can't just fire up your PC, wait awhile, and have a decent amount of satoshi.

The only good news is that places like Coinbase, as flawed as it is, makes it easy for people to buy bitcoin, but then the high price works against this as well.

So not losing but I do think it is harder on new users coming in.

Oh, one more thing, the ever growing blockchain means it takes a few days to synch the blockchain to use the base client.
hero member
Activity: 574
Merit: 500
July 30, 2014, 03:42:08 PM
#46
I actually think to some extent it is losing popularity, the reason being is that the takeup of Merchants is doing asymetrically well compared to new consumers starting to use bitcoin, this fact alone is depressing prices (since merchants convert straight back to fiat).

Having said that, if you lift your head to the horizon, the massive influx of venture capital is bound to pay big dividends in usability and usage a year or more down the road.
member
Activity: 84
Merit: 10
July 30, 2014, 11:49:05 AM
#45
The fall in the price is because of uncertainty about regularizations.


If they bother to regularize bitcoin, is because it is getting popular

I think people don't quite know or can't decide whethet regulating bitcoin is a good idea or a bad one. Many claim that it should remain 'free' and 'uncontrolled', but I believe a lot of companies wouldn't want to get involved in Bitcoin if there are no regulations and legal guidelines on how to do accounting, taxes, etc.

Sure some regulations are necessary, but not complete regulatory overhauls like that of Bit License. Bitcoin Foundation Canada recently put out a good .pdf describing how Bitcoin is pretty much already regulated under current laws, and argued that only minor adjustments would need to be made to preexisting laws.
hero member
Activity: 518
Merit: 500
Trust me!
July 30, 2014, 11:46:13 AM
#44
The fall in the price is because of uncertainty about regularizations.


If they bother to regularize bitcoin, is because it is getting popular

I think people don't quite know or can't decide whethet regulating bitcoin is a good idea or a bad one. Many claim that it should remain 'free' and 'uncontrolled', but I believe a lot of companies wouldn't want to get involved in Bitcoin if there are no regulations and legal guidelines on how to do accounting, taxes, etc.
member
Activity: 84
Merit: 10
July 30, 2014, 11:43:32 AM
#43
Nope...only gaining in popularity.
sr. member
Activity: 266
Merit: 250
July 30, 2014, 10:26:55 AM
#42
My thoughts is that bitcoin has been gaining popularity even though we haven't had any 'crazy' news recently except Dell accepting BTC but more and more people hear about it each day, by word of mouth, TV, news papers, other companies accepting BTC etc
hero member
Activity: 616
Merit: 500
July 30, 2014, 08:45:29 AM
#41
The fall in the price is because of uncertainty about regularizations.


If they bother to regularize bitcoin, is because it is getting popular
hero member
Activity: 518
Merit: 500
Trust me!
July 30, 2014, 07:44:40 AM
#40
thoughts?

Well is it? I don't see the volume across the exchanges going down. The number of wallets isn't going down or stagnating. Merchants aren't pulling back. Everyone's just freaking out due to the nonexistant bubble. And traders with leveraged longs are starting to panic.


Yeah quite, no ones getting out en masse - and panic is good if anything, means people are at least still interested(!) and there's no reason to realistically expect a disastrous collapse blah blah.. if anyone suspects a loss of interest it's down to psychology - after a while, we all lose perspective of how significant something actually is i guess. BTC health definitely fine.

I guess it's still summer and we haven't reached full capitulation yet on this upswing. Who knows what's going to happen. You have to decide if you want to be on the boat or not, I guess Cheesy
newbie
Activity: 28
Merit: 0
July 30, 2014, 07:41:55 AM
#39
thoughts?

Well is it? I don't see the volume across the exchanges going down. The number of wallets isn't going down or stagnating. Merchants aren't pulling back. Everyone's just freaking out due to the nonexistant bubble. And traders with leveraged longs are starting to panic.


Yeah quite, no ones getting out en masse - and panic is good if anything, means people are at least still interested(!) and there's no reason to realistically expect a disastrous collapse blah blah.. if anyone suspects a loss of interest it's down to psychology - after a while, we all lose perspective of how significant something actually is i guess. BTC health definitely fine.
hero member
Activity: 518
Merit: 500
Trust me!
July 30, 2014, 06:56:30 AM
#38
thoughts?

Well is it? I don't see the volume across the exchanges going down. The number of wallets isn't going down or stagnating. Merchants aren't pulling back. Everyone's just freaking out due to the nonexistant bubble. And traders with leveraged longs are starting to panic.
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