Bitcoin slowly losing its popularity? - page 8.

leex1528

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Quote from: ?? on ??

I see that the price should go down to be where it was the past.

Makes sense. No one wants to buy high priced bitcoin.

Get it through your heads.

It will probably go down, who knows. But the bottom line is we are talking about popularity and not the value of the coin.

Kprawn

legendary

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Bitcoin drop a few percentage and everyone goes bonkers. Shocked

Be patient the market will rectify itself ...... When bitcoins goes up again.... people scream BUBBLE!

And when it goes up and down... They cry volatility. Cheesy

The impact of Dell's adoption will not be felt immediately anyways, it only helps to improve awareness in the beginning.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: DannyHamilton on July 29, 2014, 02:26:35 PM

Trying to use the past to predict the future of a volatile commodity like bitcoin is an exercise in futility.

You sure about that? The pattern seems easily recognizable to me.

FYI I dumped my life savings in the middle between the two red boxes. No regrets.

DannyHamilton

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Quote from: ?? on ??

bitcoin went from $30 to $260 last spring, and then settled in around $100-125 or so for months....
There is no good reason at all for bitcoin to go up from there, except
Willy bot was used on mtgox, and artificial price manipulations.
but once gox was destroyed, then the manipulators are not there anymore,
so the price has to come down

bitcoin went from $0.06 to $32 in spring of 2011, and then settled in around $4-$6 or so for months...

There is no good reason at all for bitcoin to go up from there, except
manipulators engaged in artificial price manipulations.

Now the manipulators are not there anymore, so the price has to come down.

Trying to use the past to predict the future of a volatile commodity like bitcoin is an exercise in futility.

TheNewAnon135246

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฿uy ฿itcoin

It's also a great sign that Dell is accepting bitcoins. Let's hope more companies will follow their example.

DannyHamilton

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Quote from: ?? on ??

Quote from: DannyHamilton on July 29, 2014, 01:57:00 PM

Quote from: ?? on ??

but bagholders aren't selling enough, and artificially propped up prices

How can you tell the difference between a proper price, and an "artificially propped up price"?

Isn't the price always determined by the market based entirely how much the "bagholders" are willing to sell their "bags" for?

If the "bagholders" decide to sell at $50, wouldn't that mean that the "price is too high for bitcoin, and it needs to come back down to 5-10 and then it'll sell more, but bagholders aren't selling enough, and artificially propped up prices to $50"?

willy bot was used on mtgox to prop up prices of bitcoin to $1000

and the market still hasn't come back down to reality yet.

more time and its settling downwards

bagholding hoarding scum

That isn't an answer.

How can you determine what the "real price" is? How can you tell the difference between a proper price and an "artificially propped up price"?

Sounds like sour grapes to me.

LiteCoinGuy

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In Satoshi I Trust

bitcoin is dead. price goes down. damn! ill switch to jerkcoin!

AliceWonder

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It's gaining in popularity but not at previous rates, which makes sense.

Just saw a report that 35% of Americans have collection agencies coming after them. A large sector the population simply can't currently afford to put money in an exchange and buy it, and those who can afford to have largely heard about it already - so if they aren't using it now it is because they have reservations.

World is bigger than US but I think that's the issue.

As it becomes easier to obtain without needing to open accounts at an exchange or buy at a huge markup from local sellers in comic book shops, adoption will start to grow faster again.

Need to be able to buy it at places like Staples or BestBuy.

Too many people are focused on getting vendors to accept it, not enough focus exists on making it accessible.

Meuh6879

legendary

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middle of the world is in VACANCY ... Damned, go to bed and ask this at september !

Mats8500

newbie

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Everytime there is a stability in the market, or a small downtrend on a short period, these questions come back. Is it loosing popularity? Was it just a bubble? Is the bubble dead and so on.

My advice : look at the big picture. As everyone mentionned here, more people know about it. Businesses are accepting it more widely. Soon might go in NASDAQ.

It will explode again. Or keep rising eventually. Just stop looking at the charts every minute.

DannyHamilton

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Quote from: ?? on ??

but bagholders aren't selling enough, and artificially propped up prices

How can you tell the difference between a proper price, and an "artificially propped up price"?

Isn't the price always determined by the market based entirely how much the "bagholders" are willing to sell their "bags" for?

If the "bagholders" decide to sell at $50, wouldn't that mean that the "price is too high for bitcoin, and it needs to come back down to 5-10 and then it'll sell more, but bagholders aren't selling enough, and artificially propped up prices to $50"?

franky1

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bitcoin is not losing popularity. and this is the 3rd FUD topic trying to push this falacy onto the community.

but i guess the OP just wants a price crash to buy in cheap.. without realising that waiting for a $1-$500 bitcoin and not buying in now, will simply mean they will regret it when it gets to $1000 and they didnt make the 80%+ profit in just a few months.

alot of people complained in march about the low price and saying it was gonna fall.. they missed the $450 boat and when it got to $650 they whinged they missed out on the 50%

Beliathon

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https://youtu.be/PZm8TTLR2NU

It's growing faster than the internet was in 1995; faster than twitter; faster than facebook.

Price != adoption

DannyHamilton

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You meant to say "Bitcoin slowly gaining popularity", right?

x8008

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open question to hear what others think

leex1528

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Do you have any articles, stats, on why you think this, or are you just proposing an open question?

I for one don't think it is slowly losing popularity, I think it is gaining it....More and more companies are starting to accept it as a payment.

More and more people I talk to about it have now at least heard of it, and like the idea, still hesitant to hop on but are interested now...

x8008

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thoughts?

Topic: Bitcoin slowly losing its popularity? - page 8. (Read 8720 times)