Topic: new highs possible only after memory fades (Read 2568 times)

You probably don't realize how weird that sounds to normal people. Like creepy weird, right there Jehovah's Witness and strange men chatting up your kid at the playground sort of weird.
Plz stop.

2 years is an eternity in Bitcoin time. I think most people already forgot about the last bubble or came after it.

Now is the time that the accumulation stage may happen again

everyone should start drinking lots of alcohol then, so we can get new highs tonight

Describe Bitcoin to folks in terms of use cases.

For example, it doesn't appeal to everyone but I find I can sometimes win converts using it to hedge US dollar denominated investments against devaluation.  Unlike physical gold, Bitcoin can be obtained without extra cost of transportation and can be stored without extra cost to secure it.  Moreover, unlike physical gold, Bitcoin can be backed up.  Physical gold also suffers from the risk of it being devalued if more of it is found.  This use case makes the high amount of effort it takes to get into Bitcoin worth it.

Trying to justify Bitcoin for any one single purchase doesn't make sense all by itself.  If one is going to be making enough purchases then eventually it is indeed worth it.  Each Bitcoin transactions is much lighter weight than any other payment method but only after getting some Bitcoins in the first place.  Gyft helps increase the number of places where one can use Bitcoin.

Gifting Bitcoin is highly effective.  I give gifts.  Gifts of Bitcoin are a great way to open up the minds of the receivers to the possibilities.  I know some folks don't want Bitcoin so I give them something they will appreciate, e.g. flowers, etc.  On the other hand, I know some folks will be interested enough in Bitcoin that a gift of it will kick start them on the path of discovery.

Along the lines of gifting, I give tips of Bitcoin on occasion.  Always I have offered to purchase back the tips if/when the receiver wants out rather than making them figure out some other exchange process.

I talk to my friends about bitcoin. I try to convince bitcoin is the currency of the future. It is quite difficult.

"...
No, you can't always get what you want
You can't always get what you want
You can't always get what you want
But if you try sometime you find
You get what you need
..."

Wanting a slow steady rise, well, see lyrics above.  What do we need?  Adoption; so, I repeat;

1) don't just sit there and wait for someone else to do the work
2) actively promote Bitcoin
3) avoid losing heart

When the bubbles come and pop, do not lament.  Yes, some will point at that and find fault.  I defy anyone to come up with something that is bubble-proof *and* truly useful.

I also like the slow rise. Steady price will increase the value of bitcoin so that it can be used as a currency.

Volatile movements, i.e. >10% in less than a week, will keep the old bubble in mind.  Those hoping for a fresh bubble get prematurely excited.  Those new to the game don't know when to jump in.  When all of the jerky movement settles out then a quiet, steady influx will begin until it ignites into a bubble; sorry, Bitcoin is inherently bubble-prone until the coming fiat failures play out.  The next bubble, when it finally comes, will burst well north of $5,000 and fall again but not below $1,000/BTC ever again.  The bubble after that?  Who knows.

Nice to see you again, OP. Don't think I've seen you post in a while.

Tentatively agreed, although, "memory fades" is a bit ill defined. After the 2011 peak, memory 'faded' within about a year: by late 2012, the technicals pointed upwards, but the forum sentiment still seemed to be "I'll believe it when I see it" (I wasn't around back then, but have been browsing the old pages).

Probably we're in a different era of the market, and things move a bit slower overall. Almost two years since the 1000+ peak, and I'm starting to get the impression memory of that event (the ATH) is indeed fading a bit -- if not in here, then in the public perception.

That said, before there's even just a chance for another serious run-up, major waves of new capital need to enter the market, imo. And that is only likely to happen for fundamental reasons (i.e. the "killer app", and network size drastically increasing, i.e. exponentially, not steep linearly like in the past year), or for mostly technical reasons -- which, I believe, requires a plateau / stability phase takes place first.

So, two years of decline, followed by maybe two years of mostly sideways? Seems at least a possibility to me.

Maybe people will buy that did not bought at $1000. Since at that time they wanted, but then didn't bother spent so much time to actually do it.
I actually dont know noone that as soon he would heard of Bitcoin he would buy them. It always takes some time.

We just hope the bubble is smaller than previous ones. Bigger bubble is bad for the reputation and adoption of bitcoin.

They're hard to avoid. It's human nature to pile in and then run away. We're herd animals at heart.

in my opinion, the price bubble although inevitable is not a good thing it will cause a lot of users to stay away from such an unstable price, so all those efforts you mentioned in the end are going to be in vein.

we all should start spreading the word about bitcoin if we want to see it be successful but i think an stable price with steady rise like the past few months is better than a big rise to $1200 and then slowly dying back to $200. and that would automatically bring more people in for a long time not just a short investment.

I dont think bitcoins been falling I see its growing.
And when the time is right be used in all over the world.

I'm thinking that many people that have bought in that huge bubble already sold long time ago in a loss, so if we do get into another hype and
price breaches previous ATH, i believe those same people will think to themselves "damn, i knew i should have hold longer", and then they will rebuy again, pushing
a lot of fresh funds in bitcoin.

To be fair, bitcoin doesn't need a huge price to be made aware of, but it sure does help in getting through to new people, especially those that are into finances.

We dont want to see bitcoin fail better get up and work on it.
It can be very helpful not just now but also in the future.

It's a cruel world, new friend. I myself have considered turning to a life crime to off-set my losses. Do you have family you can turn to?

"Lack of empathy. People with autism may have difficulty understanding another person's feelings, such as pain or sorrow." http://www.webmd.com/brain/autism/autism-symptoms

I share my pain, and you go and make fun of me. Thanks.

All we can do is work to make this thing better each day. All of us. Devs, marketers, start-ups, even us small people can every day try and grab someone by the hand and try to introduce him or her to Bitcoin.

If we do like this, adoption will come, users will come, price will follow, bubbles will be many in the future. This is the way I think. I like to keep it simple and I can't go into it too deep like the OP went into. My head just starts hurting when I do this. 

not about a big loss, and not when it come to money, there are still those that are waiting to recover their bitcoin that were payed 1k each

i doubt you can make fade away their memory in any way...to erase the their memory about that loss, you need a new bubble higher than the last one of course

Have you tried it? Once you do please post results, I love these.

But we can achieve anything by talking to convince. When people simply ignore something, the best explanations with proper example will do magic. Marketing people will do that. So, spreading the word on bitcoin definitely will increase the user base of bitcoin.

1 you're an idiot, you fell for the hype and invested money your clearly never had into a risky new technology at the peak of its hype

2 you're an idiot amongst other things.  you dont know nothing about nothing or nothing.  i dont feel bad for people like you and i am laughing at you now.

Price of BTC is in direct relation to mass adoption, which we all want. So price-talk isn't that insensible.

People have short memory. They will forget about the recent 20 month bear market and chase bitcoin to very high level.

Bitcoin doesn't need pimp-shilling. It's unsavory.

Er, be reasonable, don't invest more than you can afford to lose.  Geesh.

Not charity - sound investment!

You want free market libertarian nutters to donate you the money to kill them? Stand on your own two feet, boy.


Yeah. I'm just about done too. We can book a fun bus to the mass grave.

Broke
Plz lend Bit coins 42buy illegal assault weapon w/comically oversized magazine on DNM. Also stylish duster.

One victim please.

As a victim or perp?

Kill all of us and then kill yourself. It's the only way.

Dear Mr. David,

I have been doing my part.  I have convinced my aging parents, my [so-called] friends, my [currently ex] employer, and my coworkers [who can really hurt a guy] to invest in Bit coin.
Right after learning about it myself, just shy of 2 years ago.

Since then, I have been disowned by my family; beaten on numerous occasions by [ex]friends and total strangers; fired from my job, and am constantly taunted and laughed at by neighborhood children. What's worse, Mr. David, those little statist piglets also make fun of my own Little Ones - for being dirt poor because their daddy dimed out all his credit cards to invest in digital tokens on the internet.

I try to explain to those brainwashed little goobermint stooges that they don't know nothing about F.I.A.T. toilet paper printed out of thin air by Jewish banksters, but that just makes them laugh even worse!
I'm at the end of my rope, Mr. David, all out of disruptive ideas, I'm at the tipping point. Tell me what I should do now?

too much people are hoping for a fresh bubble to show up anytime soon or after the halving. bitcoin mostly goes in the opposite direction.

bubble is just a difference between order and supply ... and, bitcoin supply is very little compared to QE 

but bubble is more difficult to create (a real one with more than 500 USD from the botton to the top) in actual world because we have serious exchange to deal with supply ... very quickly.

but, again, it's a very good thing because people will want bitcoin ... fast.
bitcoin IS FAST.

more than KYC ... on others assets like gold with FAKE volume and FAKE price and ... FAKE FAKE FAKE supply.

The bubble at the end of 2013 largely defines Bitcoin. That was when it went crazy in media and a lot of the world first heard about it. I don't necessarily believe that we can, or even should, forget this bubble, as it was an integral part of Bitcoin growth. Furthermore, I disagree that still remembering that bubble will prevent a further one.

I woulda thought the hope of a fresh bubble, or preferably a significant price rise that sustains, is the main factor in keeping interest alive and growing.

So you define the success bitcoin can have by it going through a speculative bubble. How sad.

Here's my thought; the next bubble won't really take off strong until after the history of the last bubble fades from memory enough.  Developing fundamentals have to accumulate enough to blur the previous bubble into obscurity.  We aren't there yet.  The current developing fundamentals have a ways to go yet to mask the memory of the last bubble.  New features and functions will attract new users only when they features and functions are "better" enough.  Even then that won't be enough.  The potential new users need to become aware.  New investors won't remember the past performance directly; instead they will look at the charts which remain clearly visible for many years.

If you want Bitcoin to succeed then;

1) don't just sit there and wait for someone else to do the work
2) actively promote Bitcoin
3) avoid losing heart

If you want Bitcoin to fail then please go find something else to do.