x8008 (OP)
|
|
July 29, 2014, 06:41:44 PM Last edit: July 31, 2014, 03:34:59 PM by x8008 |
|
thoughts?
|
|
|
|
|
|
|
|
According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
leex1528
|
|
July 29, 2014, 06:43:41 PM |
|
Do you have any articles, stats, on why you think this, or are you just proposing an open question?
I for one don't think it is slowly losing popularity, I think it is gaining it....More and more companies are starting to accept it as a payment.
More and more people I talk to about it have now at least heard of it, and like the idea, still hesitant to hop on but are interested now...
|
|
|
|
x8008 (OP)
|
|
July 29, 2014, 06:46:27 PM |
|
open question to hear what others think
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3374
Merit: 4606
|
|
July 29, 2014, 06:47:04 PM |
|
You meant to say "Bitcoin slowly gaining popularity", right?
|
|
|
|
Beliathon
|
|
July 29, 2014, 06:53:04 PM |
|
It's growing faster than the internet was in 1995; faster than twitter; faster than facebook.
Price != adoption
|
|
|
|
franky1
Legendary
Offline
Activity: 4200
Merit: 4442
|
|
July 29, 2014, 06:55:38 PM |
|
bitcoin is not losing popularity. and this is the 3rd FUD topic trying to push this falacy onto the community.
but i guess the OP just wants a price crash to buy in cheap.. without realising that waiting for a $1-$500 bitcoin and not buying in now, will simply mean they will regret it when it gets to $1000 and they didnt make the 80%+ profit in just a few months.
alot of people complained in march about the low price and saying it was gonna fall.. they missed the $450 boat and when it got to $650 they whinged they missed out on the 50%
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3374
Merit: 4606
|
|
July 29, 2014, 06:57:00 PM |
|
but bagholders aren't selling enough, and artificially propped up prices
How can you tell the difference between a proper price, and an "artificially propped up price"? Isn't the price always determined by the market based entirely how much the "bagholders" are willing to sell their "bags" for? If the "bagholders" decide to sell at $50, wouldn't that mean that the "price is too high for bitcoin, and it needs to come back down to 5-10 and then it'll sell more, but bagholders aren't selling enough, and artificially propped up prices to $50"?
|
|
|
|
Mats8500
Newbie
Offline
Activity: 54
Merit: 0
|
|
July 29, 2014, 06:57:09 PM |
|
Everytime there is a stability in the market, or a small downtrend on a short period, these questions come back. Is it loosing popularity? Was it just a bubble? Is the bubble dead and so on.
My advice : look at the big picture. As everyone mentionned here, more people know about it. Businesses are accepting it more widely. Soon might go in NASDAQ.
It will explode again. Or keep rising eventually. Just stop looking at the charts every minute.
|
|
|
|
Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
|
|
July 29, 2014, 07:02:44 PM |
|
middle of the world is in VACANCY ... Damned, go to bed and ask this at september !
|
|
|
|
AliceWonder
|
|
July 29, 2014, 07:08:26 PM |
|
It's gaining in popularity but not at previous rates, which makes sense.
Just saw a report that 35% of Americans have collection agencies coming after them. A large sector the population simply can't currently afford to put money in an exchange and buy it, and those who can afford to have largely heard about it already - so if they aren't using it now it is because they have reservations.
World is bigger than US but I think that's the issue.
As it becomes easier to obtain without needing to open accounts at an exchange or buy at a huge markup from local sellers in comic book shops, adoption will start to grow faster again.
Need to be able to buy it at places like Staples or BestBuy.
Too many people are focused on getting vendors to accept it, not enough focus exists on making it accessible.
|
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
|
|
July 29, 2014, 07:10:22 PM |
|
bitcoin is dead. price goes down. damn! ill switch to jerkcoin!
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3374
Merit: 4606
|
|
July 29, 2014, 07:12:27 PM |
|
but bagholders aren't selling enough, and artificially propped up prices
How can you tell the difference between a proper price, and an "artificially propped up price"? Isn't the price always determined by the market based entirely how much the "bagholders" are willing to sell their "bags" for? If the "bagholders" decide to sell at $50, wouldn't that mean that the "price is too high for bitcoin, and it needs to come back down to 5-10 and then it'll sell more, but bagholders aren't selling enough, and artificially propped up prices to $50"? willy bot was used on mtgox to prop up prices of bitcoin to $1000 and the market still hasn't come back down to reality yet. more time and its settling downwards bagholding hoarding scum That isn't an answer. How can you determine what the "real price" is? How can you tell the difference between a proper price and an "artificially propped up price"? Sounds like sour grapes to me.
|
|
|
|
TheNewAnon135246
Legendary
Offline
Activity: 2198
Merit: 1989
฿uy ฿itcoin
|
|
July 29, 2014, 07:25:02 PM |
|
It's also a great sign that Dell is accepting bitcoins. Let's hope more companies will follow their example.
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3374
Merit: 4606
|
|
July 29, 2014, 07:26:35 PM |
|
bitcoin went from $30 to $260 last spring, and then settled in around $100-125 or so for months.... There is no good reason at all for bitcoin to go up from there, except Willy bot was used on mtgox, and artificial price manipulations. but once gox was destroyed, then the manipulators are not there anymore, so the price has to come down
bitcoin went from $0.06 to $32 in spring of 2011, and then settled in around $4-$6 or so for months... There is no good reason at all for bitcoin to go up from there, except manipulators engaged in artificial price manipulations. Now the manipulators are not there anymore, so the price has to come down.
Trying to use the past to predict the future of a volatile commodity like bitcoin is an exercise in futility.
|
|
|
|
Beliathon
|
|
July 29, 2014, 07:44:42 PM |
|
Trying to use the past to predict the future of a volatile commodity like bitcoin is an exercise in futility. You sure about that? The pattern seems easily recognizable to me. FYI I dumped my life savings in the middle between the two red boxes. No regrets.
|
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
July 29, 2014, 07:50:36 PM |
|
Bitcoin drop a few percentage and everyone goes bonkers. Be patient the market will rectify itself ...... When bitcoins goes up again.... people scream BUBBLE! And when it goes up and down... They cry volatility. The impact of Dell's adoption will not be felt immediately anyways, it only helps to improve awareness in the beginning.
|
|
|
|
leex1528
|
|
July 29, 2014, 07:52:26 PM |
|
I see that the price should go down to be where it was the past.
Makes sense. No one wants to buy high priced bitcoin.
Get it through your heads.
It will probably go down, who knows. But the bottom line is we are talking about popularity and not the value of the coin.
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
July 29, 2014, 07:52:50 PM |
|
Everyone is just looking at the current price and then making conclusions. This is wrong. The price does not show if bitcoin is popular or not, nor is the adoption growing or not.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
t3xasdolly
|
|
July 29, 2014, 09:00:52 PM |
|
Everyone is just looking at the current price and then making conclusions. This is wrong. The price does not show if bitcoin is popular or not, nor is the adoption growing or not.
Not everyone. The most positive thing more and more places accepting Bitcoin. The number of transactions does not increase much though. This is why I think the Bitcoin popularity grows, but very slowly last half year
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
July 29, 2014, 09:01:50 PM |
|
Everyone is just looking at the current price and then making conclusions. This is wrong. The price does not show if bitcoin is popular or not, nor is the adoption growing or not.
Not everyone. The most positive thing more and more places accepting Bitcoin. The number of transactions does not increase much though. This is why I think the Bitcoin adoption grows, but very slowly last half year Well I meant everyone as those people who are spreading such things. Obviously people who responded to this topic, including you and me do not think like this.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
|