Topic: I believe the price has nowhere to go but down and here's why I think so. - page 5. (Read 4869 times)
July 19, 2013, 07:42:26 PM
We're out of suckers.
July 19, 2013, 07:31:47 PM
Almost everyone? Bus driver, taxi cab driver, the waiter at Olive Garden, UPS guy, etc? Or is "everyone" techno-nerds?
To be honest I asked younger people, mostly. Not necessarily techno nerds. It was at about 25%. 
July 19, 2013, 07:28:12 PM
Quote
I meet random people almost everyday and most of them have no idea what Bitcoin is.
July 19, 2013, 07:27:20 PM
I meet random people almost everyday and most of them have no idea what Bitcoin is.
Hm. Okay. It might have to do with the fact I live in the Silicon Valley, then. Almost everyone here knows what Bitcoin isAlmost everyone? Bus driver, taxi cab driver, the waiter at Olive Garden, UPS guy, etc? Or is "everyone" techno-nerds?
July 19, 2013, 07:25:44 PM
Everyone I know literally thinks I'm speaking a foreign language when I talk about bitcoin...I would say we are still the very early adopters.
I can't imagine what future lies in store for us if it ever goes "mainstream".
I can't imagine what future lies in store for us if it ever goes "mainstream".
July 19, 2013, 07:25:27 PM
I meet random people almost everyday and most of them have no idea what Bitcoin is.
Hm. Okay. It might have to do with the fact I live in the Silicon Valley, then. Almost everyone here knows what Bitcoin is July 19, 2013, 07:24:45 PM
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
Have you literally walked down the street and asked random people if they knew what Bitcoin was and kept a tally?I wear have had a t-shirt with the Bitcoin BTC on it (actually says "BTC or GTFO") . I have been asked at least a couple dozen times "what is that?" and only had one person recognize it. At least 50:1 if not more. Not scientific but if you think Bitcoin is mainstream well you obviously have already made up your mind so facts don't really matter. Bitcoin may be many thing and it may go down or it may even crash and burn but the idea that it is already mainstream is just silly.
July 19, 2013, 07:24:14 PM
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
Have you literally walked down the street and asked random people if they knew what Bitcoin was and kept a tally? July 19, 2013, 07:22:05 PM
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
Have you literally walked down the street and asked random people if they knew what Bitcoin was and kept a tally? July 19, 2013, 07:20:13 PM
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
July 19, 2013, 07:17:46 PM
You see all these people saying how every year since its inception we have seen a 10 fold increase in Bitcoins price compared to USD.
The event during March of this year has pushed it into the media's spotlight, and now everybody and their grandmother knows about it. It's mainstream now. So why would it go up again? What other demographic could find out about bitcoin to create another spike?
Unless if western democracy collapses as we know it, the price of Bitcoin will steadily continue to go down, similarly to how Litcoins price spikes up and steadily goes down after every Mt. Gox rumor. It's happened before and it will happen again.
The other thing that could get bitcoin's price to go up is an actual, real, update to Bitcoin's software, like the scalability issues or shorter confirmations (none of this Litecoin bullshit where it's 4x as fast for a confirmation but 4x less secure). But we haven't seen a real update since its conception, and due to the nature of Bitcoin (decentralized) it's becoming harder and harder to update its software.
I honestly believe someone else is going to come up with a better crypto than BTC, the current infrastructure won't last.
I hope I'm wrong, though.
The event during March of this year has pushed it into the media's spotlight, and now everybody and their grandmother knows about it. It's mainstream now. So why would it go up again? What other demographic could find out about bitcoin to create another spike?
Unless if western democracy collapses as we know it, the price of Bitcoin will steadily continue to go down, similarly to how Litcoins price spikes up and steadily goes down after every Mt. Gox rumor. It's happened before and it will happen again.
The other thing that could get bitcoin's price to go up is an actual, real, update to Bitcoin's software, like the scalability issues or shorter confirmations (none of this Litecoin bullshit where it's 4x as fast for a confirmation but 4x less secure). But we haven't seen a real update since its conception, and due to the nature of Bitcoin (decentralized) it's becoming harder and harder to update its software.
I honestly believe someone else is going to come up with a better crypto than BTC, the current infrastructure won't last.
I hope I'm wrong, though.
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