Topic: Has anything fundamentally changed? - page 2. (Read 2254 times)
Bitcoins move from weak hands who panic sell to strong hands.
Well on the downside...
People may be more hesitant to buy in, because of the big crash.
MtGox lag has made trading impossible at times, and creates panic.
Our exchanges in general are susceptible to attacks. Btc-E, Btc-24, Bitfloor, and Gox have all had problems recently.
On the upside...
We're at an all time high on Google trends (double from last week) http://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=q
/r/bitcoin had over 30% growth this week. http://stattit.com/r/bitcoin/
Almost 9k forum registrations so far this month. https://bitcointalk.org/index.php?action=stats
Tons of media coverage, and surprisingly positive overall.
MtGox queue continuing to rise (over 28k).
Merchants continue to accept bitcoins. Check out https://www.foodler.com/user/Bitcoin.do if you're in the U.S. Order food from 12,000 restaurants with bitcoins
Just started accepting.
Number of users on blockchain.info is increasing at a faster rate, passing 200k. https://blockchain.info/charts/my-wallet-n-users
People may be more hesitant to buy in, because of the big crash.
MtGox lag has made trading impossible at times, and creates panic.
Our exchanges in general are susceptible to attacks. Btc-E, Btc-24, Bitfloor, and Gox have all had problems recently.
On the upside...
We're at an all time high on Google trends (double from last week) http://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=q
/r/bitcoin had over 30% growth this week. http://stattit.com/r/bitcoin/
Almost 9k forum registrations so far this month. https://bitcointalk.org/index.php?action=stats
Tons of media coverage, and surprisingly positive overall.
MtGox queue continuing to rise (over 28k).
Merchants continue to accept bitcoins. Check out https://www.foodler.com/user/Bitcoin.do if you're in the U.S. Order food from 12,000 restaurants with bitcoins
Just started accepting. Number of users on blockchain.info is increasing at a faster rate, passing 200k. https://blockchain.info/charts/my-wallet-n-users
I think in a normal environment, gathering together more investors would indeed take a while to win over. However, BTC is emerging from the backpages (literally if you look at ABC News, MSN Money, etc). Not that they should, but having successful folks like the Winklevi say they arent worried about the volatility at all, its just growing pains..... well, that'll be all the validation a lot of fringe mainstream investor wanna-be's need.
People love emulating the rich and famous, and if they have and believe in Bitcoin, and I should have some as well, so I can be like them. Not to mention, it only costs me ~100 to get in? How cool am I to have a fancy bitcoin wallet...
Now, you get a single mainstream celebrity to endorse it... forget about it. I can just see commemorative customized Justin Bieber Bit's being like crazy come the holiday season.... absurd, yeah. Possible? Entirely.
Mind you, Im not necessarily in favor of these things, because I do truly believe that it can serve a better purpose, but rest assured, we havent seen anything close to resembling what this beast will be when it fully grows up.
People love emulating the rich and famous, and if they have and believe in Bitcoin, and I should have some as well, so I can be like them. Not to mention, it only costs me ~100 to get in? How cool am I to have a fancy bitcoin wallet...
Now, you get a single mainstream celebrity to endorse it... forget about it. I can just see commemorative customized Justin Bieber Bit's being like crazy come the holiday season.... absurd, yeah. Possible? Entirely.
Mind you, Im not necessarily in favor of these things, because I do truly believe that it can serve a better purpose, but rest assured, we havent seen anything close to resembling what this beast will be when it fully grows up.
Weak hands looking for 1000% EAZY MONIE OMGZ! GIVE ME COINZ!! will be thinking twice.
An 80% drop makes potential investors skittish. Some will simply exit. It'll take weeks, possibly months, to get back to manic.
Could be a good thing. Gives us time to work on scalability issues, better exchanges, better wallets, etc.
Could be a good thing. Gives us time to work on scalability issues, better exchanges, better wallets, etc.
Not that I know. A lot of people realized a centralized exchange is a big issue but that's about it.
Has anything fundamentally changed with Bitcoin in the past 72 hours? The last time I checked, MTGox was signing up 20,000+ people a day, and our biggest problem is people can't get coins fast enough.
People are marginally more cautious now. Also we are getting a lot of "i told you it was a bubble." Growth will be a bit slower. But will happen.
I know personally several people ill enjoy laughing at when bitcoin breaks $200 again.
Has anything fundamentally changed with Bitcoin in the past 72 hours? The last time I checked, MTGox was signing up 20,000+ people a day, and our biggest problem was that people can't get coins fast enough.
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