Topic: Is Bitcoin fading away? - page 5. (Read 6198 times)
I notice that the people complaining about Bitcoin "fading" have only been registered through the latest boom-and-bust cycle. Having been through 3 of these, this lull after the hype is pretty much standard. That said, I don't expect anything huge to happen until late 2015/2016 when the next block halving happens. Right now, bitcoin inflation is around 10%, which is huge for any currency. Keeping prices level at this point is somewhat surprising, especially considering that loads of bitcoin are currently being exchanged for fiat through huge mining enterprises and major retailers accepting bitcoin.
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.
Geeks have confidence in crypto-algorithms but ordinary people don't.
People en masse need educating and incentivising to give it proper consideration. Serious heavyweights are coming on board who will push exactly that.
I don't think there'll be any amazing action until more evidence of that approach emerges. This is an under the radar phase.
I don't think there'll be any amazing action until more evidence of that approach emerges. This is an under the radar phase.
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.
material backing.. formally known as tangiable or intrinsic are 'hype' words of the commodities market.
i am truly sorry that you are only versed in the commodities market. but WE bitcoiners are in the ASSET market.
digital property such as music, intellectual property, art, movies. have no 'physical' backing. but all hold value. these are all assets.
i wil now leave you to learn the differences of assets and commodities
have a nice day
Bit coin is on a downward trend and has been for the last 8 months. We will be lucky to the heady heights of November 2013 again.
I think it feels a bit that way because the price has not been doing anything spectacular. Also, people who were maybe thinking about Bitcoin are just getting lazy again and rationalizing to themselves how their money is safe in the bank. We just need some news of bank bail-outs, bail-ins, or some other trigger and it'll wake people up to Bitcoin again. 
yep, sept/oct is a boum usually (in crash system, boooouuum 
it's gone, the FIAT system !)
it's gone, the FIAT system !)
Yes, things are getting slower, even in this forum and in the exchanges, with lower volumes.
But there are things happening, like the Dell stuff, and things take some time to gain critical mass and boom, so I would wait some months before call for bitcoin fading away.
August usually is a slow month, anyway, by september/november more things happens.
But there are things happening, like the Dell stuff, and things take some time to gain critical mass and boom, so I would wait some months before call for bitcoin fading away.
August usually is a slow month, anyway, by september/november more things happens.
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.
No, it's actually gaining traction. But could you explain, how you would 'link' Bitcoin to Gold without making it centralized?
edit: centralized, of course
The main feature of bitcoin is being decentralized, turning it into e-gold would be killing it.
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.
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