Does this really look like a doomed currency to anyone?
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
The first time the value hit $5 it hit $30 within a month!
Topic: Why are people losing faith? (Read 3480 times)
The first time the value hit $5 it hit $30 within a month!
Because too few developers. 
The bust from $30 to $2.30 and all the scams are a little disheartening.
Some people are just impatient i guess, not only because they lose their faith.
I understand completely. Thank you.
Does this really look like a doomed currency to anyone?
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Compared to what?http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Does this really look like a doomed currency to anyone?
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
I know skepticism is healthy, but why are people so quick in jumping off the bitcoin ship?
AFAIK, bitcoin had a quick boom and an even quicker fall this year. But, now it's actually more valuable then before the boom. Newbs can lose faith when they realize that they can't have a bank protecting them because they are their own banks
I know skepticism is healthy, but why are people so quick in jumping off the bitcoin ship?
AFAIK, bitcoin had a quick boom and an even quicker fall this year. But, now it's actually more valuable then before the boom. Newbs can lose faith when they realize that they can't have a bank protecting them because they are their own banks
Is their an y major banks who deal with bitcOins
It's because the #1 BTC exchange, MTgox, is complete shit and will be hacked again.
I don't trust any exchange with any significant amount. I leave that to the day traders to take the risks. They don't seem to mind. I've noticed that right before or after a rally there are movements of millions of Bitcoin, presumably to/from mtgox.
It's because the #1 BTC exchange, MTgox, is complete shit and will be hacked again.
$30-$40k worth of hardware ...
mining SC's
mining SC's
I haven't realized someone could be that retarded.
Purely down to implementation in my opinion. The core bitcoin protocols are theoretically very sound it is how they are used at the moment that are the problem eg... MtGox hack( under protected wallets ). If you are not a technical person it can be very hard to take the steps necessary to protect your wallet from theft either local or remote which can means that people cannot trust the system fully.
Oh yeah and also virtually no one accepts them as payment so even if your wallet is fully secure its gonna be hard to find anything to do with them
Oh yeah and also virtually no one accepts them as payment so even if your wallet is fully secure its gonna be hard to find anything to do with them
And a large majority of the people who do fall under one of two categories
re-resellers (people who buy from a reseller to sell to you)
bitcoin-propaganda (well, not really propaganda, but people who sell crap like bitcoin gold coins, bitcoin watches, bitcoin stuff...)
Purely down to implementation in my opinion. The core bitcoin protocols are theoretically very sound it is how they are used at the moment that are the problem eg... MtGox hack( under protected wallets ). If you are not a technical person it can be very hard to take the steps necessary to protect your wallet from theft either local or remote which can means that people cannot trust the system fully.
Oh yeah and also virtually no one accepts them as payment so even if your wallet is fully secure its gonna be hard to find anything to do with them
Oh yeah and also virtually no one accepts them as payment so even if your wallet is fully secure its gonna be hard to find anything to do with them
I think we need both easier ways to buy them, and more reasons to buy as well (more products and services that can be purchased with BTC)
We need easier ways to BUY them. I think trading them for online game currencies would be a nice market, there are alot of gamers here and alot out there looking to sell their gold
And more things to spend them on. Like you sell golds for btc, you spend btc to buy games.
And more things to spend them on. Like you sell golds for btc, you spend btc to buy games.
And perhaps a reason to buy. Feel free to tweet why I, or anyone else, should.
We need easier ways to BUY them. I think trading them for online game currencies would be a nice market, there are alot of gamers here and alot out there looking to sell their gold
And more things to spend them on. Like you sell golds for btc, you spend btc to buy games.
And more things to spend them on. Like you sell golds for btc, you spend btc to buy games.
I think it's a natural cycle. Too many people jumped on board as an investment opportunity, they wanted to sit back and cash in. The truth is, the people mining the coin should also be promoting the coin. We need it circulating to make it real (for lack of a better word). Hoarding and playing the exchanges isn't enough. We need non-tech people to start using it somehow.
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