"OMG Price keeps going up! Who will spend it when they can hold it and make money? Bitcoin will fail!"
"OMG Price keeps spiking! It goes up and down so fast! Who will accept it when they can't trust the value to be the same? Bitcoin will fail!"
"OMG Price is stagnant! It's been in the same range for months! Clearly interest has waned and the end is near! Bitcoin will fail!"
When you approach an analysis with the conclusion fixed in your mind, you will find a way to get there.
Topic: Do you have a feeling BTC has slowed down a bit? - page 4. (Read 4357 times)
hmmm, no
I still read the boards every now and then but I am out. Completely. Bitcoin solves nothing for me but it was a great way to make extra cash since I discovered it. But the easy money is gone for me personally and I think the people like me will move on to other things. Very neat idea though but just another type of fiat currency in monetary economics. A house built on sand in other words. I highly doubt it will have any value in 20 years as something else will replace it. Internet users are a fickle bunch.
I've witnessed that too. People are moving on. There's a small fraction of the users here now that were here when I first registered. Even the evangelistic born again Bitcoiners are gone now. I always chalked it up to kids graduating, growing up and starting their real lives. Everyone is idealistic in college. Save the whales, save the trees, free (insert current martyr here) slowly becomes feed the kids, pay the mortgage, please the boss.
yeah it has slowed down a little. but not that noticable
Do you have a feeling BTC has slowed down a bit?
No, try staying away from here for a few days and then come back and read the 'press' section.
Bitcoin is speeding towards the future at an amazing pace.
No, try staying away from here for a few days and then come back and read the 'press' section.
Bitcoin is speeding towards the future at an amazing pace.
I still read the boards every now and then but I am out. Completely. Bitcoin solves nothing for me but it was a great way to make extra cash since I discovered it. But the easy money is gone for me personally and I think the people like me will move on to other things. Very neat idea though but just another type of fiat currency in monetary economics. A house built on sand in other words. I highly doubt it will have any value in 20 years as something else will replace it. Internet users are a fickle bunch.
After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
You are right if i am honest which i am, the last few years have not been the most positive but it has hardly ever had a long streak of positivity since it's creation.
It does feel like it is slowing down and you are probably right with your feeling because think about how many people who brought in at 1000 and then probably decided to cut their losses at 200's to never come back here again, looks like we are not getting enough people interested in it that balances out that loss. People are still very much interested in Bitcoin at the moment and i see it having a big push but that will be side by side with a big rise in value imho.
I hope you are right. We do not need another price crash below $200. Not to mention any major Mt.Gox. alike disaster.
After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
You are right if i am honest which i am, the last few years have not been the most positive but it has hardly ever had a long streak of positivity since it's creation.
It does feel like it is slowing down and you are probably right with your feeling because think about how many people who brought in at 1000 and then probably decided to cut their losses at 200's to never come back here again, looks like we are not getting enough people interested in it that balances out that loss. People are still very much interested in Bitcoin at the moment and i see it having a big push but that will be side by side with a big rise in value imho.
Well if you consider that the price hasn't spiked for almost a year now and hovering in the same region, I guess you can consider it as "Slow". But it might be good, people will be able to trust bitcoin a Bit'more....
After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
People are still into btc, at least those people who came in earlier. The adoption rate is slower than what has been there these past few months due to the negative news and other news surrounding bitcoins. Also, I had a discussion with my fellow workmates asking about bitcoin. They insisted that bitcoin is not that "noob-friendly" compared to the current fiat system that our society uses. They also added that bitcoin is exclusively for the "Tech Savvy" and not the average Joe types.
I would also say that this huge number of scammers, ponzi pumpers and thieves which has occupied BTC ecosystem, has also contributed to this slowdown. You simply cannot find a legit BTC investments any more.
BTC has slowed down alot... But I cannot understand why, more and more big tech company's adopt it, more and more transactions everyday....
https://blockchain.info/nl/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/nl/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
bitcoin is more secure and used by merchants than it ever was. no problem here.
people look at the price which isn't doing much and say that bitcoin is going backwards and so on.
After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
If btc did not attract attention of those traders who bet on price jump/decrease or whatever, that is still okay. It's fine for me because for all I know, speculators only hurt the btc economy and bring more harm than good which is the main reason that leads to all the volatility. Rather, more helpful is having businesses accept bitcoin as a form of payment currency, where people see bitcoin as having a value, and finally as a medium of exchange. That is more important.
So what do you guys see as the greatest obstacles in the future?
General indifference is the biggest one. You can have the greatest tech ever but if there aren't enough people to care about it, it won't go anywhere.
There could be further regulatory weirdness like the upcoming stuff in Russia. If enough governments attempt to suppress it, that's a disincentive for legit operators elsewhere.
Big players looking to enter the space will find the current distribution odious in the extreme. They'd probably prefer to build something from scratch that gets them in on the ground floor.
Then you have all the technical niggles like scaling, fees, mining. I wouldn't know enough about that to sound very convincing.
It got further than it really deserved to considering how fucked, mediocre and corrupt most of the exchanges and other ecosystem elements were up to 2013/14. It's borderline laughable that a multi billion dollar market depended on one autistic weirdo in Tokyo until relatively recently.
There's been such a disgusting smell left behind that it's in a lull waiting for it to be blown away by some people who really know what they're doing. That means real exchanges, multi sig wallets with simplified interfaces, the ability to hedge, the ability to put money in with the worries taken out of your hands.
The next couple of years is when we'll see whether it can leave all the old shit behind and start to fulfill some proper potential. It could go either way but there are lots of bright minds beavering away.
There's been such a disgusting smell left behind that it's in a lull waiting for it to be blown away by some people who really know what they're doing. That means real exchanges, multi sig wallets with simplified interfaces, the ability to hedge, the ability to put money in with the worries taken out of your hands.
The next couple of years is when we'll see whether it can leave all the old shit behind and start to fulfill some proper potential. It could go either way but there are lots of bright minds beavering away.
So what do you guys see as the greatest obstacles in the future?
fighting a possible new coin, that can surpass bitcoin in technology, and the early adopters problem, which lead to high instability in price, and heavy manipulation
What will pull the mainstream into BTC, thats the obstacle. All blockchain updates are appealing to the coding community. In order for BTC to be strong it must have world wide adoption. The question being; who will do it first.
It got further than it really deserved to considering how fucked, mediocre and corrupt most of the exchanges and other ecosystem elements were up to 2013/14. It's borderline laughable that a multi billion dollar market depended on one autistic weirdo in Tokyo until relatively recently.
There's been such a disgusting smell left behind that it's in a lull waiting for it to be blown away by some people who really know what they're doing. That means real exchanges, multi sig wallets with simplified interfaces, the ability to hedge, the ability to put money in with the worries taken out of your hands.
The next couple of years is when we'll see whether it can leave all the old shit behind and start to fulfill some proper potential. It could go either way but there are lots of bright minds beavering away.
There's been such a disgusting smell left behind that it's in a lull waiting for it to be blown away by some people who really know what they're doing. That means real exchanges, multi sig wallets with simplified interfaces, the ability to hedge, the ability to put money in with the worries taken out of your hands.
The next couple of years is when we'll see whether it can leave all the old shit behind and start to fulfill some proper potential. It could go either way but there are lots of bright minds beavering away.
So what do you guys see as the greatest obstacles in the future?
It got further than it really deserved to considering how fucked, mediocre and corrupt most of the exchanges and other ecosystem elements were up to 2013/14. It's borderline laughable that a multi billion dollar market depended on one autistic weirdo in Tokyo until relatively recently.
There's been such a disgusting smell left behind that it's in a lull waiting for it to be blown away by some people who really know what they're doing. That means real exchanges, multi sig wallets with simplified interfaces, the ability to hedge, the ability to put money in with the worries taken out of your hands.
The next couple of years is when we'll see whether it can leave all the old shit behind and start to fulfill some proper potential. It could go either way but there are lots of bright minds beavering away.
There's been such a disgusting smell left behind that it's in a lull waiting for it to be blown away by some people who really know what they're doing. That means real exchanges, multi sig wallets with simplified interfaces, the ability to hedge, the ability to put money in with the worries taken out of your hands.
The next couple of years is when we'll see whether it can leave all the old shit behind and start to fulfill some proper potential. It could go either way but there are lots of bright minds beavering away.
After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
Bitcoin is like the web crawler. It opened a lot of doors, but the Google's of the future are in the alternative currency section of the forum.
That's an interesting analogy. Bitcoin the BBS. Which one do you think will be Google?
We are in the 1994 phase of the interenet IMO.
The phase everyone thought that is as far as the web goes.. no where.
I currently have a phone in my hand connected to the web more powerful than any computer from 94.
Hands of steel, HODL your wealth in your own hands.
The phase everyone thought that is as far as the web goes.. no where.
I currently have a phone in my hand connected to the web more powerful than any computer from 94.
Hands of steel, HODL your wealth in your own hands.
if this is 1994 in Bitcoin, what were those CRAZY stories of govt and corruption and scandal for the internet back then? I remember napster as the beginning and a bunch of dcma stuff but thats it.
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