Has Interest in Bitcoin Began to Wane?

WhatTheGox

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Quote from: Michaelxavierd on July 01, 2015, 06:27:32 AM

"The significance of Bitcoin’s current interest level has been exaggerated, here’s why…"
http://bitcointechie.com/has-interest-in-bitcoin-began-to-wane/

The interest did wane i think but that peaked about 2-3 months ago. All the numbers were down on social media etc. If you look now things have been climbing for a while.

Lauda

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Quote from: jeannemadrigal2 on July 01, 2015, 01:35:25 PM

Yes and also certain events like Mt. Gox will always cause a spike in activity posts here, so I thnik you can not just make a blanket statement that pure volume on these forums indicates interest.

I think the article makes some good points, but in general misses the forest for the trees. I like what I see lately with nasdaq, WSJ, and some other giants talking about bitcoins with positive spins. To me this is the most important indicator. Then soon after cryptos seep from the geek world to the regular world, it will grow. I really do think that cryptos are the future, and there is not any point to worry about them going away.

Well I'm sure that quite a portion of the users don't even know how to view the statistics of this forum. At least I've seen a number of people asking about it.
Spikes like the one regarding Mt. Gox will never show the true situation. There was a high influx of users/posts which we can clearly see. March 2014 had the most amount of registered users in a month.

I guess there is no way to really tell the exact or even approximate (with an acceptable error margin) number of people that are using Bitcoin.

jeannemadrigal2

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Quote from: Lauda on July 01, 2015, 11:51:46 AM

Quote from: celebreze32 on July 01, 2015, 10:52:41 AM

The number of posts on bitcointalk is a good indicator of interest in Bitcoin. There are not as many posts as last year, probably because there is less interest as the price drops. When we finally get rockets launches the number of posts will increase exponentially.

I would definitely say no. This is a very wrong assumption.
Maybe in 2013 the problem wasn't persistent as it is today, and such statistics could have been valid. The problem is that the influx of new members and posts are caused by signature campaign spammers and shills.
We can't really tell if we had 1 new member or 10 000 shills. I would definitely not consider using the statistics from this forum as an indicator of interest.

We should be considering other things.

Yes and also certain events like Mt. Gox will always cause a spike in activity posts here, so I thnik you can not just make a blanket statement that pure volume on these forums indicates interest.

I think the article makes some good points, but in general misses the forest for the trees. I like what I see lately with nasdaq, WSJ, and some other giants talking about bitcoins with positive spins. To me this is the most important indicator. Then soon after cryptos seep from the geek world to the regular world, it will grow. I really do think that cryptos are the future, and there is not any point to worry about them going away.

gentlemand

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Welt Am Draht

Hype has waned. In depth study as to how it can be properly utilised by people who count is mushrooming. Cue more eventual hype.

2013 was filled with screaming about price but very little noise about genuine uses. That's all coming along very nicely now.

Argwai96

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Thug for life!

Quote from: ?? on ??

Not going to click that link as I assume that's why they post such fud but here is a rebuttal.

https://blockchain.info/charts/n-transactions

It is all right there if transactions were going down over time then we would have to ask ourselves this question but it is not.

correct the volume of transaction is on an uptrend, by clicking on the 2 year chart in transactions is clear we are growing price might no be the same but we need network an usage growth before we see price growth.

manselr

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Another new FUD account?
Do you even look at every indicator ever? Transaction volume, VC money volume, and now price as well is up:

Get with the facts.

Lauda

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Quote from: celebreze32 on July 01, 2015, 10:52:41 AM

The number of posts on bitcointalk is a good indicator of interest in Bitcoin. There are not as many posts as last year, probably because there is less interest as the price drops. When we finally get rockets launches the number of posts will increase exponentially.

I would definitely say no. This is a very wrong assumption.
Maybe in 2013 the problem wasn't persistent as it is today, and such statistics could have been valid. The problem is that the influx of new members and posts are caused by signature campaign spammers and shills.
We can't really tell if we had 1 new member or 10 000 shills. I would definitely not consider using the statistics from this forum as an indicator of interest.

We should be considering other things.

lucaspm98

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There are so many hard numbers that seem towards expansion and growth rather than stagnation and decline.

Transaction volume continues to rise, VC investment floods in, Bitcoin gains publicity and becomes more well known, and overall outside of the price bitcoin is still in a rapid growth stage.

As soon as the price takes off again it will be all over the news again, and interest will probably be at an all time high.

BitcoinNewbie15

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Bitcoin isn't a bubble. It's the pin!

Nice job with the article, but I think interest with Bitcoin has to do with Bitcoin being interesting. If Bitcoin has some good news coming out, or the price is being very volatile, then people will show interest and actually be interested, because it is exciting. People will show interest if Bitcoin has something interesting going on. That is just my personal opinion though. Good job with the article again, I enjoyed reading it and there are good points in it.

celebreze32

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The number of posts on bitcointalk is a good indicator of interest in Bitcoin. There are not as many posts as last year, probably because there is less interest as the price drops. When we finally get rockets launches the number of posts will increase exponentially.

LiteCoinGuy

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In Satoshi I Trust

Quote from: Michaelxavierd on July 01, 2015, 06:27:32 AM

"The significance of Bitcoin’s current interest level has been exaggerated, here’s why…"

this is trash because there is no story - they just want clicks.

this has some value:

dblink

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I do not agree that Interest in Bitcoin began to wane, since if you see lot of news headlines that few more countries are ready to deploy this digital currency in their financial banking sectors, Recently with Greek uncertainty Investors seek safety in Bitcoin and Gold, tihs shows how much the popularity and real value of Bitcoin digital currency growth increasing in the financial market.

Coinshot

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this is an old debate, they were talking about bitcoin lack of interest many months ago
now bitcoin is finally rising and they're still talking about the same thing?
bitcoin interest was always there, but people prefer to switch to other things
because some times they feel bored or whatever
i see it as a normal cycle of everything, born, rise, fall, then repeat, i'm wrong?

Lauda

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Quote from: Michaelxavierd on July 01, 2015, 08:06:04 AM

You've called the article "useless" and then ripped off its two key points as your own...

They are not points. The article was based on data already available. Actually it has no exact data aside of the 2 pictures related to the price and google trends.
However, the article isn't that clear to me, at least the standpoint of the author isn't. I'm not yet able to decide whether it is positive or skeptical.

Quote

Bitcoin may be searched less today then it was in 2013 and yes, the price is down, but the development of this technology is just beginning to takeoff.

This part kind of answers the title of the article, does it not?

Michaelxavierd

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Quote from: Lauda on July 01, 2015, 06:43:28 AM

The article is pretty much useless. It is kind of reflecting to other media over exaggerating the interest in Bitcoin.
However, there seems to be a growing amount of VC investments. People tend to believe that this is going to make an instant impact on the ecosystem, but it won't.

Bitcoin needs time to mature, and time for it to take over. Remember Paypal was founded in December 1998, let us see where Bitcoin is going to be in 10 years.

You've called the article "useless" and then ripped off its two key points as your own...

pooya87

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Quote from: Michaelxavierd on July 01, 2015, 06:27:32 AM

"The significance of Bitcoin’s current interest level has been exaggerated, here’s why…"
http://bitcointechie.com/has-interest-in-bitcoin-began-to-wane/

the fact that people are searching the term "bitcoin" less that before, doesn't show lack of interest. it might show waning of new interest.
and besides it if you look at the chart the search spikes coincides with price movements too.
i think daily volume and price shows the interest better than anything else.

BADecker

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Not "wane." Rather "John Wayne."

https://www.youtube.com/watch?v=EfegGAcZwRE

TibanneCat

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BTC > etc

User adoption and VC investments have been on a steady rise, regardless of the search trends.
If you've followed the recent news on the greek crisis, you'll notice that it also increased the attention to bitcoin and pushed the prices slightly up.

Lauda

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The article is pretty much useless. It is kind of reflecting to other media over exaggerating the interest in Bitcoin.
However, there seems to be a growing amount of VC investments. People tend to believe that this is going to make an instant impact on the ecosystem, but it won't.

Bitcoin needs time to mature, and time for it to take over. Remember Paypal was founded in December 1998, let us see where Bitcoin is going to be in 10 years.

jacktheking

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Personal Text Space Not For Sale

I think the reason less people searching for Bitcoin is that they already know what is Bitcoin. So, there is no need to search - what is Bitcoin, Bitcoin price and etc.

Let's look at the positive side even if we know it is a negative problem.

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Topic: Has Interest in Bitcoin Began to Wane? (Read 1189 times)