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Topic: Why did bitcoin failed? - page 2. (Read 5645 times)

legendary
Activity: 1890
Merit: 1031
September 18, 2014, 02:13:06 AM
#62
Well bitcoin today is not in a good place but its not dead as you say. It will come back for sure. Everyone is believing in that
Yeh! It will be back @ 266USD No Time!
member
Activity: 72
Merit: 10
September 18, 2014, 01:19:38 AM
#61
Well bitcoin today is not in a good place but its not dead as you say. It will come back for sure. Everyone is believing in that
full member
Activity: 139
Merit: 100
bitcoin hates walls
September 17, 2014, 03:38:43 AM
#60
Looks to me like it triggered some trading, someone profited for sure.
Don't feel like i'm attacking you, i'm not!



edit: february had some trading too

http://bitcoincharts.com/charts/btceUSD#rg1zig15-minzczsg2014-02-10zeg2014-02-10ztgSzm1g10zm2g25zvzl

http://bitcoincharts.com/charts/btceEUR#rg1zig15-minzczsg2014-09-08zeg2014-09-08ztgSzm1g10zm2g25zvzl
legendary
Activity: 1890
Merit: 1031
September 17, 2014, 03:29:16 AM
#59
I think that 3200 @btce was some short squeezing rerouted through eur market.
The same exchange this year went to trade btc at 100$. I won't call those two events neither a failure nor a success.

Well you tell me

http://www.bitcoinupdate.nl/uploads/3/3/0/6/330647/2332266_orig.png
full member
Activity: 139
Merit: 100
bitcoin hates walls
September 17, 2014, 03:27:29 AM
#58
I think that 3200 @btce was some short squeezing rerouted through eur market.
The same exchange this year went to trade btc at 100$. I won't call those two events neither a failure nor a success.
legendary
Activity: 1890
Merit: 1031
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
September 17, 2014, 03:12:18 AM
#56
sometimes i wonder if poeple really are that dumb, or they just post shit like this to further push bearish sentiment so they can buy lower... its hard to believe anyone could be this stupid, so i'm gonna go with trolling to get the price lower.

Some people are just trolling for the sake of trolling or to push the price down
But if there was a future case study it would probably be the impact of governments red taping a new industry to death
(doesn't look like it will happen now as the last six months have shown Bitcoins growing adoption despite all this but still a pain to people who want to develop new companies in the industry)
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
September 17, 2014, 03:04:41 AM
#55
bitcoin will succeed when people stop selling

Bitcoin =/= bitcoin price.

Of course, when bitcoin succeed, the price will go up. The protocol is intact and ecosystem is developing. So no worries.
legendary
Activity: 1890
Merit: 1031
September 17, 2014, 03:01:51 AM
#54
Bitcoin has have a All Time High This Summer, so no fail yet.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
September 16, 2014, 03:31:03 PM
#53
bitcoin will succeed when people stop selling
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
September 16, 2014, 02:24:26 PM
#52
We have heard this all before. Like a million times since 2010 and bitcoin just keeps getting stronger. Why just today I read that the United Way, the worlds largest charity, is now accepting bitcoins and PayPal has a new video stating that bitcoins will be part of their plan.
I just don't know where people get the idea that you can't find places to spend bitcoin? It is the only thing I use to buy online and never fail to find what I want. And it get's easier every day.

Of course a charity is willing to take your money, in any possible currency, as long as it's worth something. That's not exactly a major achievement. I'm sure United Way would let me pay them in fur pelts, if they could turn around and exchange them for cash.

It is no different than a business taking them. Businesses that try it love it. They pay 3% and wait 1-5 days to get paid with a credit card. Using bitcoin they receive the full value and the transaction is over and done in 10-60 mins.
It is just a superior system and that is why it is becoming more powerful every day.  When I started in bitcoin you could buy very little and it required a lot of searching. Today I buy whatever I want. For example a few weeks ago I wanted a Kahr P-380 pistol. It is a somewhat hard to find gun if you have dollars. A few mins. of searching and I was able to find this shop: http://centraltexasgunworks.com/

My local gun shop handled the transfer. When I told them why I bought from Texas they said they would now take bitcoin also. It only took me about an hour to set them up and start them saving money, like their bitcoin customers. Utility is why bitcoin is gaining ground.
member
Activity: 70
Merit: 10
September 16, 2014, 12:56:13 PM
#51
We have heard this all before. Like a million times since 2010 and bitcoin just keeps getting stronger. Why just today I read that the United Way, the worlds largest charity, is now accepting bitcoins and PayPal has a new video stating that bitcoins will be part of their plan.
I just don't know where people get the idea that you can't find places to spend bitcoin? It is the only thing I use to buy online and never fail to find what I want. And it get's easier every day.

Of course a charity is willing to take your money, in any possible currency, as long as it's worth something. That's not exactly a major achievement. I'm sure United Way would let me pay them in fur pelts, if they could turn around and exchange them for cash.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
September 16, 2014, 12:48:42 PM
#50
We have heard this all before. Like a million times since 2010 and bitcoin just keeps getting stronger. Why just today I read that the United Way, the worlds largest charity, is now accepting bitcoins and PayPal has a new video stating that bitcoins will be part of their plan.
I just don't know where people get the idea that you can't find places to spend bitcoin? It is the only thing I use to buy online and never fail to find what I want. And it get's easier every day.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
September 16, 2014, 12:44:19 PM
#49
Paypal just announced the Bitcoin adoption is official, Winklevoss ETF coming, Amazon adoption coming... where the fuck is the failure?

Bitcoin isn't failing. We are failing Bitcoin. BUY BUY BUY!!! Cheesy

Hear hear.
full member
Activity: 238
Merit: 100
September 16, 2014, 12:42:05 PM
#48
No sense thread... only trying to troll
legendary
Activity: 1652
Merit: 1265
September 16, 2014, 12:41:40 PM
#47
Paypal just announced the Bitcoin adoption is official, Winklevoss ETF coming, Amazon adoption coming... where the fuck is the failure?

Bitcoin isn't failing. We are failing Bitcoin. BUY BUY BUY!!! Cheesy
sr. member
Activity: 322
Merit: 250
September 16, 2014, 12:40:00 PM
#46
Paypal just announced the Bitcoin adoption is official, Winklevoss ETF coming, Amazon adoption coming... where the fuck is the failure?
legendary
Activity: 1652
Merit: 1265
September 16, 2014, 12:29:15 PM
#45
Maybe it's the lack of falllling posts that is bringing down BTC  

Bitcoin isn't going down.

Merely the price.

I know that's why I'm heavily invested Tongue

My comment was a joke Smiley
STT
legendary
Activity: 4088
Merit: 1452
September 16, 2014, 12:06:32 PM
#44
It hasnt failed in its purpose.   The chain integrity is intact.   Not really a good reason to say its a fail, even mainstream press havent tried this headline (yet)

BTC has failed if you bought in December hoping to get richer ?    The counter to that is BTC is not designed to make anyone richer, its sole purpose is to transmit worth globally and securely in less then an hour, it continues to do that.    
I could buy a Porsche and expect to get richer, some do this with new models.   Some of them make money, mostly its the manufacturers who make money from selling cars not the speculators.   Porsche hasnt failed because you lost money, variation in price of anything is reasonable and according to free market usually.  Considering BTC is just a mostly interlectual idea of some clever folk not copyrighted, its price even now is amazing imo
hero member
Activity: 784
Merit: 500
September 16, 2014, 11:36:28 AM
#43
Hahahaha i was searching for some stuff and this came out 'Why did bitcoin failed?'. Are You kidding me ? Bitcoin is just warming up Smiley
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