I don't see BTC fading at all. In fact I see the intensity in which it is being adopted increasing, not decreasing.
The fact that it's no longer a shocking notion is what makes people think it's losing steam.
Topic: Is Bitcoin fading away? - page 3. (Read 6186 times)
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That's something which I think the community should pull together and fund a advertisement campaign I agree that we are out of public exposure but finding good advertisement material which isn't going to be too complicated and to long will be difficult to explain the whole of Bitcoin.
No buddy, no fund raising since that would be one time promotion.
What bitcoin realy needs is to make #dev wallet that would recieve 5-10% of transaction fees, while the remaining amount would still go to the miners themselves.
In that way, there would be enough money to fund many campaigns to promote bitcoin and they would be able to hire more people to work on bitcoin development.
I know its a bit more centralised that way, but its needed for the survival of bitcoin itself.
Am i realy the only one that thinks blockbuster "Bitcoin - the movie" would bring INSANE amount of hype and trending, and spread the word about the bitcoin unlike ANY other thing that happened to bitcoin 2009-2014 ?!
Is it realy that much impossible to expect project like this, worth ~200 milion USD , from an 8 billion dollars comunity ?
And a Bitcoin "movie" would have to be REALLY good to actually generate hype. I'm meaning Avengers "quality"/hype in order for it to gain any traction. And you'd have to be doing a lot of brainstorming in order to have a good plot.
That's kind of like asking to make a movie based on the internet, there's not a lot of exciting things to start with.
You could always gather inspiration from the wikileaks movie, however.
1.People would not get turned off if 5-10% of the fees would go to development, note that im talking about the fees, not block reward
2.For 200 mil. USD u can produce awesome movie, since alot of great movies were produced with much less money.
Also, the movie itself would also bring out profit, so it wouldnt be money wasted, but invested.
The sadest part of this is that noone is even considering anything. And due to that lack of interest i believe this last bubble was indeed the "last" bubble.
2. Yeah, I know that a lot of good movies have a smaller budget than that, but what is the actual PLOT of the movie? That's what I'm referring to. It's a lot harder coming up with a movie about Bitcoin than it is coming up with a movie about superheros fighting off aliens, or whatever is popular nowadays.
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That's something which I think the community should pull together and fund a advertisement campaign I agree that we are out of public exposure but finding good advertisement material which isn't going to be too complicated and to long will be difficult to explain the whole of Bitcoin.
No buddy, no fund raising since that would be one time promotion.
What bitcoin realy needs is to make #dev wallet that would recieve 5-10% of transaction fees, while the remaining amount would still go to the miners themselves.
In that way, there would be enough money to fund many campaigns to promote bitcoin and they would be able to hire more people to work on bitcoin development.
I know its a bit more centralised that way, but its needed for the survival of bitcoin itself.
Am i realy the only one that thinks blockbuster "Bitcoin - the movie" would bring INSANE amount of hype and trending, and spread the word about the bitcoin unlike ANY other thing that happened to bitcoin 2009-2014 ?!
Is it realy that much impossible to expect project like this, worth ~200 milion USD , from an 8 billion dollars comunity ?
And a Bitcoin "movie" would have to be REALLY good to actually generate hype. I'm meaning Avengers "quality"/hype in order for it to gain any traction. And you'd have to be doing a lot of brainstorming in order to have a good plot.
That's kind of like asking to make a movie based on the internet, there's not a lot of exciting things to start with.
You could always gather inspiration from the wikileaks movie, however.
1.People would not get turned off if 5-10% of the fees would go to development, note that im talking about the fees, not block reward
2.For 200 mil. USD u can produce awesome movie, since alot of great movies were produced with much less money.
Also, the movie itself would also bring out profit, so it wouldnt be money wasted, but invested.
The sadest part of this is that noone is even considering anything. And due to that lack of interest i believe this last bubble was indeed the "last" bubble.
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
im a day trader and i dont see it going down. i just see a nice spread in the middle to run back and forth between
but i do agree those fiat lovers hoping for a doubling of money within 3 months do seem to be losing their patience..
If you look at the investments in Bitcoin in 2014 (even though we just passed the first half), they have increased by a decent amount.
The only reason it seems like Bitcoin is "fading away" is because we're not in that crazy period of high price and volatility that exploded bitcoin into the mainstream at the end of 2013. In reality, Bitcoin is still getting stronger by the day, the most obvious indication being its continued acceptance as a payment method by large companies like Dell and Expedia.
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That's something which I think the community should pull together and fund a advertisement campaign I agree that we are out of public exposure but finding good advertisement material which isn't going to be too complicated and to long will be difficult to explain the whole of Bitcoin.
No buddy, no fund raising since that would be one time promotion.
What bitcoin realy needs is to make #dev wallet that would recieve 5-10% of transaction fees, while the remaining amount would still go to the miners themselves.
In that way, there would be enough money to fund many campaigns to promote bitcoin and they would be able to hire more people to work on bitcoin development.
I know its a bit more centralised that way, but its needed for the survival of bitcoin itself.
Am i realy the only one that thinks blockbuster "Bitcoin - the movie" would bring INSANE amount of hype and trending, and spread the word about the bitcoin unlike ANY other thing that happened to bitcoin 2009-2014 ?!
Is it realy that much impossible to expect project like this, worth ~200 milion USD , from an 8 billion dollars comunity ?
And a Bitcoin "movie" would have to be REALLY good to actually generate hype. I'm meaning Avengers "quality"/hype in order for it to gain any traction. And you'd have to be doing a lot of brainstorming in order to have a good plot.
That's kind of like asking to make a movie based on the internet, there's not a lot of exciting things to start with.
You could always gather inspiration from the wikileaks movie, however.
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That's something which I think the community should pull together and fund a advertisement campaign I agree that we are out of public exposure but finding good advertisement material which isn't going to be too complicated and to long will be difficult to explain the whole of Bitcoin.
No buddy, no fund raising since that would be one time promotion.
What bitcoin realy needs is to make #dev wallet that would recieve 5-10% of transaction fees, while the remaining amount would still go to the miners themselves.
In that way, there would be enough money to fund many campaigns to promote bitcoin and they would be able to hire more people to work on bitcoin development.
I know its a bit more centralised that way, but its needed for the survival of bitcoin itself.
Am i realy the only one that thinks blockbuster "Bitcoin - the movie" would bring INSANE amount of hype and trending, and spread the word about the bitcoin unlike ANY other thing that happened to bitcoin 2009-2014 ?!
Is it realy that much impossible to expect project like this, worth ~200 milion USD , from an 8 billion dollars comunity ?
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That's something which I think the community should pull together and fund a advertisement campaign I agree that we are out of public exposure but finding good advertisement material which isn't going to be too complicated and to long will be difficult to explain the whole of Bitcoin.
Where is that 10 percent squared your brain isn't using?
Linking it to gold will make it centralized, and, not everyone has gold either. Surprise. Not to mention who do you think has the most gold? Who can buy hectos of gold?
Okay then.
Linking it to gold will make it centralized, and, not everyone has gold either. Surprise. Not to mention who do you think has the most gold? Who can buy hectos of gold?
Okay then.
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
im a day trader and i dont see it going down. i just see a nice spread in the middle to run back and forth between
but i do agree those fiat lovers hoping for a doubling of money within 3 months do seem to be losing their patience..
Problem with bitcoin is that too many people are expecting insane returns in 1 month timeframe.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
That being said, if you are looking bitcoin as a daytrader, its going down, but in the longrun things may be different.
We have some good progres with merchants, and with infrastructure, so thats in our favor.
But this is what freaks me the most; damn useless earwax removal thingy is on comercials and all over tv, and bitcoin is away from public coverage like it has mental illnes.
A little bit of advertisement effort would bring lagre inflow of fiat, but nothing is being done because there is no real bitcoin central authority that would recieve certain fee from bitcoin transactions to use it for the good of the entire network.
It is the calm before the storm.
Yes bitcoin is gaining traction.. That's why the price keeps crashing like a burning airplane without wings or engine...
keeps crashing?
ok its july now
july 2009 - $0.002
july 2010 - $0.08
july 2011 - $6
july 2012 - $6
july 2013 - $120
july 2014 - $590
will th fiat lovers please stop watching the prices every 10 minutes and stop treating every movement as a need to scream and bitch on the forums..
have patience!!
Hear hear. Anyone who invests will tell you that the Bitcoin year-on-year growth has been fantastic! I check the markets every day, when I am holding coins it disheartening to see the price tank, but then it always recovers in some capacity. The year-on-year growth has been strictly none decreasing according to the figures you have posted - that's tasty.
I've only been involved with Bitcoin for about 9 months now, and I only heard of it about 14 months ago. From what I see Bitcoin is doing just fine
I thought the community has matured and got over this sort of thing from trying it last year. I remember seeing thread after thread in summer 2013.
as you say summer last year.. its seasonal.. you will see this cycle repeat each year. there is usually an uptake of people joining into bitcoin this time of year, but the main bit about summer is that kids are at home, not in classrooms, so you will see alot of childish FUD spreading where kids want to get their bitcoin for a dollar (pfft). cant wait till September when the grown ups like many of us get to play around with bitcoin properly again. but take my word on it, you will see this happen again and again.
its just best to be quick to get the fud spreaders proven wrong before the chain reaction of lies spreads to far and lots of people believe it purely because everyone is singing from the same hymn sheet of lies
its neither an asset or a commodity though its a currency, and its dosn't even need to be backed by labour because its backed by a computer
network that cannot even be matched by any amount of physical labour
even if we ignored the tax classification...
bitcoin is like intellectual property, art, graphic design, game code... which (nothing related to tax) still puts it in a description of an asset.
that being said an asset, commodity, fiat, or ANYTHING else can ALSO be a currency.. so relax, bitcoins is a currency and an asset.. it just is not a commodity..
dont worry its FUD spreading season again, people trying to spout out lies trying to get a panic crash. simply because they missed out on the cheap coin at $450 and know that the next jump would be $1000, so they are hoping to crash the market just to get the coins they missed before it jumps over $1000 again
I thought the community has matured and got over this sort of thing from trying it last year. I remember seeing thread after thread in summer 2013.
trying to shake out weaker hands, same theory is everywhere from stocks to houses nothing beats a good investment
look at silver it has undergone a radical price increase because people started to become knowledgeable on its electrical properties
its was quite a stunning price increase and even a more difficult bull run to catch hold of that bitcoin itself
dont worry its FUD spreading season again, people trying to spout out lies trying to get a panic crash. simply because they missed out on the cheap coin at $450 and know that the next jump would be $1000, so they are hoping to crash the market just to get the coins they missed before it jumps over $1000 again
I thought the community has matured and got over this sort of thing from trying it last year. I remember seeing thread after thread in summer 2013.
Observing for these months, my strongest feeling is that Bitcoin is fading away with no material object backup. Apart from the geeks, ordinary people who first know about Bitcoin always say "this matter is vague and insubstantial".
Geeks have confidence in crypto-algorithms but ordinary people don't.
So linking Bitcoin to gold may be a good idea.
Geeks have confidence in crypto-algorithms but ordinary people don't.
So linking Bitcoin to gold may be a good idea.
could u explain this in laymens terms,
he is saying because bitcoin is NOT a commodity people dont understand it. so it needs to be backed by a commodity to be understood..
my reply is that bitcoin does not need to be backed by anything, and being an asset is actually better.. but its a damn shame that people cant tell the difference between a asset and a commodity and only want to deal with their comfort zone and narrow minded knowledge of commodities
How is Bitcoin fading away? That doesn't make any sense it's dropped by a small amount but has major companies accepted it. I don't think you've done your homework.
dont worry its FUD spreading season again, people trying to spout out lies trying to get a panic crash. simply because they missed out on the cheap coin at $450 and know that the next jump would be $1000, so they are hoping to crash the market just to get the coins they missed before it jumps over $1000 again
its neither an asset or a commodity though its a currency, and its dosn't even need to be backed by labour because its backed by a computer
network that cannot even be matched by any amount of physical labour
Observing for these months, my strongest feeling is that Bitcoin is fading away with no material object backup. Apart from the geeks, ordinary people who first know about Bitcoin always say "this matter is vague and insubstantial".
Geeks have confidence in crypto-algorithms but ordinary people don't.
So linking Bitcoin to gold may be a good idea.
Geeks have confidence in crypto-algorithms but ordinary people don't.
So linking Bitcoin to gold may be a good idea.
could u explain this in laymens terms,
he is saying because bitcoin is NOT a commodity people dont understand it. so it needs to be backed by a commodity to be understood..
my reply is that bitcoin does not need to be backed by anything, and being an asset is actually better.. but its a damn shame that people cant tell the difference between a asset and a commodity and only want to deal with their comfort zone and narrow minded knowledge of commodities
How is Bitcoin fading away? That doesn't make any sense it's dropped by a small amount but has major companies accepted it. I don't think you've done your homework.
dont worry its FUD spreading season again, people trying to spout out lies trying to get a panic crash. simply because they missed out on the cheap coin at $450 and know that the next jump would be $1000, so they are hoping to crash the market just to get the coins they missed before it jumps over $1000 again
How is Bitcoin fading away? That doesn't make any sense it's dropped by a small amount but has major companies accepted it. I don't think you've done your homework.
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