What do you think might be holding back Bitcoin's success?

bitcoin-hunter

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Quote from: RealBitcoin on February 03, 2016, 03:41:47 AM

Quote from: mrcashking on February 03, 2016, 03:13:06 AM

Quote from: RealBitcoin on February 03, 2016, 03:03:12 AM

Quote from: True Demon on February 03, 2016, 02:57:15 AM

Bitcoin will always be on the verge of success no matter what. It is the first digital currency and it always will be the most affordable one too. While many people fear in other altcoins but still they believe in btc because of its high transparency.

Yes exactly, many alt coins are disguised scams, many big altcoins got down in price like Paycoin, so even if the coin is in the top 5, it can go down.

Bitcoin is the only way to go forward. But if the conflict would stop, that would help btc/

There is no conflict between bitcoin & altcoins right now but there might be one in future.The altcoin prices are just intentional pumps and dumps not the market.They are helpful in a way.
People will use it when they feel use of it and see the possibilities which are more convincing than fiat.Bitcoin is a no go for many merchants,it depends.

I think altcoins are ok, because they have different roles and targed different audiences, but bitcoin is good for everone, so bitcoin gets most of the capital either way.

Bitcoin will be more worth later in the future. Just relax and wait what is going to happen.
If you are now looking at the value. You see that the value now is rising slowly and that is very good. People will get some profit later.

JAyThaRevo

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Quote from: DimensionZ on February 25, 2016, 10:04:59 AM

Bitcoin is banned only in few countries and the banks and governments don't hinder its adoption that much, it is all down to the people to use Bitcoin or not.

That is the one of the reason why people are not using bitcoins, and the other reason is the price of bitcoin is too volatile so people hesitate in investing their money into bitcoins at initial stage.

DimensionZ

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Shit, did I leave the stove on?

Bitcoin is banned only in few countries and the banks and governments don't hinder its adoption that much, it is all down to the people to use Bitcoin or not.

glerand

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Quote from: BTCBinary on February 13, 2016, 09:07:40 AM

Banks and governments are the main force that is holdfing back bitcoin's success.
Besides, bitcoin is still in its infancy and it is very complex for the average joe to use it as an every day currency!

What did the banks do to hold the bitcoin back? I think they have not done anything, they are just observing.

kartaggen

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Quote from: pneumatic5 on February 13, 2016, 11:17:19 AM

Quote from: BTCBinary on February 13, 2016, 09:07:40 AM

Banks and governments are the main force that is holdfing back bitcoin's success.
Besides, bitcoin is still in its infancy and it is very complex for the average joe to use it as an every day currency!

That's true, banks and the governments are creating an issue with bitcoins, as they are not standing tall in support of bitcoins, unless this issue is not solved, people would hesitate in using bitcoins.

Yeah, if government makes is legal than majority of issue can be solved, but I don't see it happening in coming future, as if government support bitcoins then they cannot hold control over it.

pneumatic5

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Quote from: BTCBinary on February 13, 2016, 09:07:40 AM

Banks and governments are the main force that is holdfing back bitcoin's success.
Besides, bitcoin is still in its infancy and it is very complex for the average joe to use it as an every day currency!

That's true, banks and the governments are creating an issue with bitcoins, as they are not standing tall in support of bitcoins, unless this issue is not solved, people would hesitate in using bitcoins.

BTCBinary

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Banks and governments are the main force that is holdfing back bitcoin's success.
Besides, bitcoin is still in its infancy and it is very complex for the average joe to use it as an every day currency!

Mr. Big

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While my guitar gently weeps!!!

Quote from: glerand on February 13, 2016, 08:45:23 AM

Quote from: angryrob on February 12, 2016, 11:19:47 AM

Maybe bitcoin is lacking support from the society, that could be the major reason behind the bitcoin success, and we cannot say that bitcoin is totally failure as the users of bitcoins are increasing day by day, it will be more successful in future.

There is not much support from the general society. Most people do not know about bitcoin. More promotion is needed.

Yes, we got less support because only few know about bitcoin,, we really needed to spread word about it... we need to reach out to people in places where their technology was left behind by time..

glerand

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Quote from: angryrob on February 12, 2016, 11:19:47 AM

Maybe bitcoin is lacking support from the society, that could be the major reason behind the bitcoin success, and we cannot say that bitcoin is totally failure as the users of bitcoins are increasing day by day, it will be more successful in future.

There is not much support from the general society. Most people do not know about bitcoin. More promotion is needed.

angryrob

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Maybe bitcoin is lacking support from the society, that could be the major reason behind the bitcoin success, and we cannot say that bitcoin is totally failure as the users of bitcoins are increasing day by day, it will be more successful in future.

Amph

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Quote from: glerand on February 12, 2016, 09:01:02 AM

Quote from: Amph on February 03, 2016, 02:47:04 AM

Quote from: glerand on February 02, 2016, 04:12:05 PM

The split of community. The developers of the bitcoin have biased interest as they are employed by certain organization.

it's more like the miners and merchants are not in agreement about the block size debate

satoshi should have leave the size to 2mb, so at this point there will be no issue about it

If he left the block size to 2MB, there will be even more dust in the block chain. I do not want to store that in my hard drive.

what dust you're talking about? small fraction of bitcoin?, i'm sure there is a way to send them to the miners, or to retrieve them with an upgrade if this can be an issue

Mitchow

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Quote from: arbitrage on February 03, 2016, 03:39:45 AM

Nobody know fo sure what will become from a bitcoin..
If you sell now maybe you will regret for a whole life, or maybe not?
That instability holding back bitcoin..price manipulations..Nothing more!

That's true, bitcoin is treated as a manipulated coin and that is the reason bitcoin is not getting on mainstream and also the negative news spread by press and media have a great impact on bitcoin getting more successful.

glerand

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Activity: 100

Merit: 10

Quote from: Amph on February 03, 2016, 02:47:04 AM

Quote from: glerand on February 02, 2016, 04:12:05 PM

The split of community. The developers of the bitcoin have biased interest as they are employed by certain organization.

it's more like the miners and merchants are not in agreement about the block size debate

satoshi should have leave the size to 2mb, so at this point there will be no issue about it

If he left the block size to 2MB, there will be even more dust in the block chain. I do not want to store that in my hard drive.

RodeoX

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The revolution will be monetized!

I would guess that speculation is a major factor. As long as the goal of traders is to make fiat currency from BTC then I see no reason for high valuations. When people begin to prefer it as a currency then we could see truly epic highs.

RealBitcoin

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Quote from: mrcashking on February 03, 2016, 03:13:06 AM

Quote from: RealBitcoin on February 03, 2016, 03:03:12 AM

Quote from: True Demon on February 03, 2016, 02:57:15 AM

Bitcoin will always be on the verge of success no matter what. It is the first digital currency and it always will be the most affordable one too. While many people fear in other altcoins but still they believe in btc because of its high transparency.

Yes exactly, many alt coins are disguised scams, many big altcoins got down in price like Paycoin, so even if the coin is in the top 5, it can go down.

Bitcoin is the only way to go forward. But if the conflict would stop, that would help btc/

There is no conflict between bitcoin & altcoins right now but there might be one in future.The altcoin prices are just intentional pumps and dumps not the market.They are helpful in a way.
People will use it when they feel use of it and see the possibilities which are more convincing than fiat.Bitcoin is a no go for many merchants,it depends.

I think altcoins are ok, because they have different roles and targed different audiences, but bitcoin is good for everone, so bitcoin gets most of the capital either way.

arbitrage

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Activity: 560

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Nobody know fo sure what will become from a bitcoin..
If you sell now maybe you will regret for a whole life, or maybe not?
That instability holding back bitcoin..price manipulations..Nothing more!

mrcashking

hero member

Activity: 700

Merit: 500

Quote from: RealBitcoin on February 03, 2016, 03:03:12 AM

Quote from: True Demon on February 03, 2016, 02:57:15 AM

Bitcoin will always be on the verge of success no matter what. It is the first digital currency and it always will be the most affordable one too. While many people fear in other altcoins but still they believe in btc because of its high transparency.

Yes exactly, many alt coins are disguised scams, many big altcoins got down in price like Paycoin, so even if the coin is in the top 5, it can go down.

Bitcoin is the only way to go forward. But if the conflict would stop, that would help btc/

There is no conflict between bitcoin & altcoins right now but there might be one in future.The altcoin prices are just intentional pumps and dumps not the market.They are helpful in a way.
People will use it when they feel use of it and see the possibilities which are more convincing than fiat.Bitcoin is a no go for many merchants,it depends.

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: True Demon on February 03, 2016, 02:57:15 AM

Bitcoin will always be on the verge of success no matter what. It is the first digital currency and it always will be the most affordable one too. While many people fear in other altcoins but still they believe in btc because of its high transparency.

Yes exactly, many alt coins are disguised scams, many big altcoins got down in price like Paycoin, so even if the coin is in the top 5, it can go down.

Bitcoin is the only way to go forward. But if the conflict would stop, that would help btc/

True Demon

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Activity: 8

Merit: 0

Bitcoin will always be on the verge of success no matter what. It is the first digital currency and it always will be the most affordable one too. While many people fear in other altcoins but still they believe in btc because of its high transparency.

Indianacoin

sr. member

Activity: 406

Merit: 252

I think bitcoin will still succeed many years from now. The main aspect of its success is that bitcoin can completely fail and collapse, but still succeed if it brings change that sticks. Specificity I’m talking about the block chain tech that has evolved thanks to Bitcoin. What we have seemed to have forgotten is that the major innovation Satoshi Nakamoto brought us was the public distributed ledger known as the block chain and not just a virtual currency. But the block chain can be used for so much more. What is often referred to as alternative chain is a system that uses the block chain algorithm, but for non-financial purposes. It can be used to implement DNS, P2P currency exchange, API, SSL verification authorities, file storage and even a voting system.

Once people get over the fear of Bitcoin being anonymous and realize that the whole point of the block chain is that it’s public, people will open up to the idea of implanting the technology of Bitcoin. Bitcoin is uniquely pseudo-anonymous while being completely traceable.

Topic: What do you think might be holding back Bitcoin's success? (Read 4084 times)