Bitcoin Forum

Some predict that Bitcoin will continue to fall down
And looks like there's nothing can push up the price.

The Only way, it can be increased is when the chinese people are back into the game. You will see how the price will be increased.

But the Chinese won't come back into the game anytime soon...

Actually I am a Chinese and you're right many people dropped out and they won't come back. :-[

We need new exchanges and fresh fiat. It doesn't have to be Chinese.

I agree the real reason for me for the stagnation is that the exchanges are making things this way.  I've been reading lots of negative things about exchanges with bad business practices and this is the kind of thing that leads to a fall in price IMO.

Bitcoin was the first prototype of a cryptocurrency but as time passes, it is slowly but surely losing its hegemony.
This was maybe the last bubble targeting specifically Bitcoin.
Next bubbles will increasingly push next generation coins to the forefront.
As for China, it won't come back through Bitcoin, but maybe new designs that play better with fiat can help reopening the flood gate.

Right. I could see Bitcoin in an encyclopedia:  "The very first decentralized cryptocurrency. It wasn't like the currencies you may know today, such as Cosmos. It took at least 10 minutes to do a transfer, the client took 10GB of disk space, and the network consumed massive amounts of energy resources, relying on a brute force approach to security."

Cosmos?  ;D

We definitely need to wait for the Chinese to get back into the game so they aren't left behind for the world's new currency.

It's only fair.

What is preventing them from getting back in now?

Why talk about the Chinese when we can talk about US exchanges opening and Wall Street flooding in?

People hate China but know the power it has when it is in so they still want it - they want that easy fast powerful rush, so they can get their rally NOW, even if it falls apart again later. It's like a Chinese opium addiction.

if wallstreet gets in you can be sure everyone else will be locked out. Jpmorgans patent on "Method and system for processing internet payments using the electronic funds transfer network" at end of 2013 is hilarious. id rather it was done on here..

Still waiting for fair US exchange start up, probably it is taking so long because so shaddy area.

The stagnation could continue if you ask me but It won't last long term.  So much going on with BTC that I'd suspect things to pick up in the next few months.

Maybe investing into Pandacoin would be a good idea then?

It brings a tear to my eye, that some people here are actually starting to get it.
This is a part of the natural life cycle of technology:
http://blog.sealy.co.za/wp-content/uploads/2013/04/e-waste.jpg

I'll get flamed for this, but I have to say Peercoin's blockchain is below 300mb after a year and a half, and PoS makes it pretty much immune to 51% attacks while requiring very few ressource.

Just sayin'. Carry on.

yeah me too, i suspect a very big rise this summer

just hold
after steady down price, it will come another pump ;D
buut little hope for this after big player like chinese out from market  >:(

One event to cause distrust in paper and we'll see bitcoin strap on rockets.

Fractional banking cannot last forever...  It is 100% not possible to have expoential economics and finite resources.. when it comes to the end.... let us hope the blind, deaf and stupid debt slaves will wake up and attempt to free themselves from the bondage they were born into.. but I have my doubts.

I'm deft

Yet-Another-Sad Late-To-The-Party-And-All-The-Hot-Chicks-Are-Taken thread.  :'(

Did someone really just say that "Wall St. ($) was flooding in?" Wall St.? Chirp! Chirp! Crickets...and a few distant laughs! Not! Wall St. players invest with other peoples' money and if you think that they are going to start risking their careers and the financial lives of their clients for something as risky and new as BTC, you are insane. Way down the road, if BTC is still around and built out properly...maybe?!

Do google Kevin O'leary's view on bitcoin.  You actually think they would bring banners and horns and announce to the world they are buying up bitcoin? 

Just MtGox can push up the price.  :)

China out of the game? what are you guise talking about did I miss something?
BTC China bank deposits work perfectly and they didn't even receive a notice from PBoC.
I don't remember in the end what happened with OkCoin or Huobi but if chinamen want to deposit money to buy BTC they can do it without problem.

Or not?

REFUND ME!!!!!! 0.5btc isn't yours!

Size of blockchain has been discussed many times and there are solutions.
Other than that I'd like to know if Peercoin has done as many transactions as bitcoin. Ultimately the blockchain has all transactions so every successful coin has a big blockchain.

(My opinion =>) Proof of stake is inflation since holding a coin gives more money. This becomes a loophole to create more coins and turns a coin into a pyramid scheme. This is bad for your coin and bad for the economy, money must flow.

Haha very nice. It's 29.1 GB right now btw ;)

More likely the Encyclopedia Galactica will read: "Bitcoin was the very last store of value called 'money' used since primitive early civilizations. It freed people from the imaginary borders called 'countries' and the barbaric laws placed upon their subjects."