Bitcoin Forum

Popularity of Bitcointalk.org went down significantly since summer:
http://www.alexa.com/siteinfo/bitcointalk.org


Bitcoin on Google trends over the last 12 months:
http://www.google.com/trends/explore#q=bitcoin&date=today%2012-m&cmpt=date

Bitcoin compared to some other terms:
http://www.google.com/trends/explore#q=%2Fm%2F05p0rrx%2C%20dollar%2C%20cash%2C%20paypal&cmpt=q

Also, positive correlation with price is obvious, which implies people are not truly interested in cheap coins and technology, but only care about rising price.

I would argue that it's not the case that people losing interest is causing the price to lower, but rather that people are losing interest BECAUSE the price is lowering (and lowering slowly).

Hard to say this forum is not visited much.
My humble opinion is that there is large amount of new user on this forum (considering that there were lots of low rank members sig camp).

If you take that in all this you have more users on forum.

Bitcoin as term for search as money or something else is still on slow run up, cuz more people are sharing some infos about it and more people are asking what is it and it can be used.

Interest in Bitcoin declined from April to August 2013 as well: http://www.google.com/trends/explore#q=bitcoin&date=4%2F2013%205m&cmpt=date
If you interpret that as a dead coin, then you are dead wrong.

Less people are introduced to Bitcoin, but you can't say interest in bitcoin is declining.

The difference in numbers is mostly people that hear about BTC somewhere, do a quick research, find Bitcointalk then leave the Bitcoin world.

Nobody Googles Bitcoin, everybody Bings Bitcoin.
So Google stats are worthless.
At the moment I'm seeing a rising interest in warm clothes, so obviously the summer is dead and will not return.
The fact that popularity of bitcointalk.org went down, is because it's filled with stupid trolls like the OP.

Google trends tend to lag quite a bit. Well, of course the interest in Bitcoin was biggest over the last bubble(s), that's how Bitcoin bubbles work. I guess a lot of the more 'casual' traffic also happens at Reddit these days. http://www.reddit.com/r/Bitcoin/ (http://www.reddit.com/r/Bitcoin/) tends to be a bit more 'filtered' that bitcointalk. Even if the number of fanatics is still quite big there, the actual nutjobs don't seem to get that much attention.

That seems reasonable from a psychological viewpoint. Declining prices => depressive state of mind => disengagement.

However one can not prove it based on the available data.

ya.ya.yo!

Price has held above the previous April 2013 ATH of 266 for over a year now.

Charts are holding steady, of course there is a spike when Bitcoin hits 1200$

yes, 100 usd above. And 800 usd below the last ATH.

Months ago Bitcoin was quite regularly on the news, etc, which might have triggered a populairty peak.

What also is important to know is that there were a lot gamblers buying Bitcoin at high levels hoping it will rise even more without even knowing what Bitcoin is.

These people got burned and sold with a significant loss, and they probably never bothered to check back what's going on currently.

And still temporarily below 10k.

Correct, and people will keep getting burned and keep leaving bitcoin... one day at a time!

Those people are still in the boat. They won't want to miss another chance. They will enter at least at the previous ATH and maybe are smart enough to get out at the next peak of the upcoming bubble. Also this happened times and times before, and there are enough people who are very confident, who are not going to leave the boat - even if times are dire now.

Those people can create an account called "lessercoins" and start trolling...

That all makes sense to me. When the story was about how you could turn on your PC and get rich a lot of people were interested. Now that bitcoin is maturing into a payment network... well, payment networks are not very sexy.

Trend info lags price.  Interest is higher now steady state then ever before.

I agree with this.
Bitcoin has not recovered from its peak price, and has not even come close to it.
News doesn't have massive impact anymore.
Gox incident, and the 9 million things that can be said about it.
China
mining is essentially pointless
Altcoins....yeah

When I first started looking at btc (a little before this time last year) you had to watch and pay attention because of news significantly impacting the price, huge swings, etc.
These days price stays at a point then drops, rinse and repeat.  There is no reason to do anything other than check the price in the morning, nothing happens, and to be honest I wouldn't even accept btc if I was a merchant, drug dealer, whatever because by the time I received it, it would probably be worth less than it was.

I will never get why people think a steady price is good.  People bought btc to make money, whatever diluted reasoning some of you have thinking we are all martyrs is insane.  That is like saying I bought led xmas lights to save the earth, i bought them to save fucking money.  That said I believe in btc, but only because I also believe it will make me money, don't like it, then buy all my btc at an inflated price and go on a crusade.



Not to be a pessimist but these are reasons why I don't pay attention anymore (loss of interest.)  It is just people trolling going "btc is dead," or trolling going "btc is going to be worth 10k in 2014, wait 2015, no march of 2017," or whatever other asshole date they come up with.  Why am I on now, i'm bored as fuck at work. 

Deadcoin and co are pure junk and a mod shoud add a command to there acounts. Everytime they making a post it shoud be moved to junk section.

New ATH of transactions this month and thats imo more important than price ore Deadcoin (Falllling) Fewcoin junk opinions.

https://i.imgur.com/Sp0R6NE.png

Adoption is increasing day by day, I wouldn't tell the interest is declining.

That is why you will all continue to hold & keep rebuying at every new low even when the price is near the silver exchange rate and you'll still be happy.

Sometimes you just can't talk sense into people even from a nice slow sell off all year since the manipulation to over $1,100 per coin

Agreed, the adoption of bitcoin is increasing a lot, we only need the government to make this works! We have built the bridge to cross the chasm, now we need the pass from the government...

It seems you were overinvested in bitcoin at one point in time, had to sell with a loss and are now trying to justify your mistake by trolling.

Very good analysis. Bitcoin is dying slow death. People saw it and hated it. Mainstream chose not to accept it. Anyone still holding is a sheep who will cry crocodile tears once the dream doesn't happen.

You had your chance to sell at $1000, it was obvious. Missed it? Then you are a fool and deserve to lose the money.

This is one of the most retarded statement I've ever read on this forum.

Keep the head in sand, charts speak for themselves.

As do your posts.

Incorrect, we have had multiple dips below that number.

The interest which you can analyze via these charts is end-user interest. Bitcoin had and has the potential to become internet money, but for the simple minded end-user it seems unsecure (scams, gox,...). Additionally it is not needed at the moment because it's much more of a hassle to acquire bitcoins and buy stuff with it than just use your fiat. This is where I personally thought IT startups would fill the gap with clever ideas. The development to make it more user friendly didn't continue and the bitcoin believers where losing interest.

In the meantime companies and speculators are moving in and in my opinion their interest is not represented in that chart.  The bitcoin market is shifting towards being a financial market. And like in the stock market you can lose alot of money if you don't know what you're doing. Makes it less attractive for end-users using at payment option. I personally can't see how the monetary use and the financial market can happen in this small market at the same time.

Not on stamp in the last year.

Ad hominems won't make price go up, delusional sheeple.

Funny, I am as interested as ever.

And sorry trolls, some of us did sell a bit at $1,000 (or even $1,092.77 and $1,123.00), but please do not be too jealous of the money which you missed out on. :D There is still time for you if you get in now while prices are low.

Number of transactions:
https://blockchain.info/charts/n-transactions?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=

LocalBitcoins USD:
http://bitcoincharts.com/charts/localbtcUSD#igWeeklyztgSzm1g10zm2g25zvzcv

LocalBitcoins EUR:
http://bitcoincharts.com/charts/localbtcEUR#igWeeklyztgSzm1g10zm2g25zvzcv

LocalBitcoins RUB:
http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zvzcv

Interest declining? NO!

Go to the streets and ask real people if they know what Bitcoin is. Do the math and tell me Bitcoin has EVER been mainstream. You are delusional slash clueless. Enjoy missing the train for the millionth time.

They do know and they hate it. Time to face the reality, delusional bagholder. Don't be mad because you missed the obvious and only rally there was.

Irregardless, the price of Bitcoin did dip below the previous ATH several times. Bitstamp is not even 5% of BTC's exchange volume. No idea why you would use them as a defacto standard, unless you are just taking into account geographical concerns.

NEVER took a loss in bitcoin sir... Constantly mining more everyday too... I just sell everything right off the bat now but I'm not leaving the btc market when it can get shorted

decline is logical because it's inflationary. Now leave everyone alone so they can care about network security. Investors not welcome (yet)

maybe try again in a few years after the long period of stagnation which begins now.

Interest is not declining, its that there are not enough new participants with enough new money to hold up the prices.

Interest has been going down all year that's why every crash that happens just brings bitcoin lower and lower and lower...

Bitcoin is continually breaking all-time records for transaction volume so I can't see how more use = declining interest.

you people don't get the spin on inflation, do you?
It doesn't matter how much money you pump in, it will always bleed out again.

You'll loose the same percentage no matter what the marketcap is. Only difference: the higher the marketcap the bigger the total losses in Dollar.

So smart money does stay away from longterm investing for now.

Of course average Joe is not interested in holding a coin that performs this bad for so long.

Maybe people would like to use it as a payment system and that's fine but holding large amounts of it for long time doesn't make 100% sense yet if you don't plan to invest for decades.
So in its current form it's just a payment system you can use but it is not a hedge against inflation, a savings tool or store of value in its current form.
So people don't want to hold it because it actually is no store of value or at least not a better one than the USD is.
These speculation bubbles will keep being depressed by the inflation as long as it lasts. Losses to inflation are just higher with a higher cap so actually not even the richest people can afford to pump it.

Bottom line: nobody can afford inflation and the negative feedbackloop it creates has fatal potential (we are in it for many months now - just hope we don't see more large selloffs until the halving). I do see real potential there for a total failure of bitcoin (the unthinkable)

Yes people are interested in the tech and would want to adopt but can't because it doesn't hold value. It is just bleeding and bleeding and bleeding.
Maybe demand picks up for this or that reason but then it just continues to bleed out on all the new investors.

I see most people aren't even able to wrap their head around the issue with that inflation.

The inflation is what makes it very volatile too. So lower inflation would also be the solution to the volatility problem (not my problem but that of merchants)

+1

ASIC production is at an ATH so coins are being minted faster than expected pushing down the price.
Once Bitcoin halves or ASICs hit their technology limits price will shoot up.
It's a waiting game now....

Um because all those transactions are bullshit & created so you have the same confidence in your statement that you just used..
Learn to investigate past the manipulation! All the scamming, fraud, and gambling transactions are NOT making a good case for bitcoin.

All coin halving's are priced in... You think everyone isn't counting on 2016 to raise the price??? It's sad!

there will be some epic pump and dump action for the halving for sure  ;)
When it dumps most people will hodl like they always do and that's ok too.

^this

never trust a statistic you haven't rigged yourself  ;)
Creating transactionvolume is so cheap and easy to do in bitcoin, it would be a surpirse if the bigger holders would not do it.

Everyone is counting on increased difficulty and decreased reward this is an ongoing process.
If your statement is correct how did the bitcoin price ever go up from $1.

Once there are only 1M btc left to be minted and it's near impossible to mine them, the price will rise. This is a certain fact in the oncomming 10 years.

A look at the longer term trend shows were back in a healthy range.

https://i.imgur.com/pF8wYHM.png

https://i.imgur.com/pF8wYHM.png

but that would make mining obsolete aswell (according to the logic of the proponents of high inflation for the sake of network security)

You can not have high inflation and a high price for it at the same time - shouldn't be hard to understand.

You do not understand English, do you? I was saying due to the inflation fresh money is needed to stay at the same price, and now there is not enough new interest with new money to support that.

so who is the fool who wants to invest just to keep the price up?  :D
I think that would be the real question

PS: bad actors trying to cap the price who are probably out there aswell have an extraordinary easy game with bitcoin right now. So if there is large money in BTC trying to surpress the price, well that's bad news for bitcoin then because these actors will succeed for a long time as they are mining aswell very likely.

PPS: if you are atually trading according to the theory of a large hand selling in key moments you will do very good trading. These red candles are very predictable i do have nothing against them.  ;)

But as for this topic:
a declining interest in an commodity that didn't live up to its promises is just normal. Looking at the charts right now: i would be asking serious questions if i should become invested if i was looking at it first time today. I would probably end up not investing because of these charts. So i guess that's what going on. People look at the charts and are just turned away by them (who wouldn't be?)


Good news is: we will find out what the rock bottom is  :)  (well maybe not so good news depending on your trading)

That is why this rigged horrible game is over! Even if we hit 1,000 per coin it will not be sustainable & try telling investors about the crazy 12months period that it went from 1,200 to sub 300 again and again! GREAT INVESTMENT GUYS COME ON BOARD LOL!

just two more halvings until it inflates less than the USD ... you can do it if you just believe in it ;) Only 8 years or so ...

the image problem bitcoin has because of it is undeniable by now because 'fewcoins' got that right. This shit is just going to repeat over and over again.

To break it down to one sentence:
BTC just can't stay up (yet) - not possible - no sense in pumping it
low interest from new money is just rational.

@gustav, bro i hope you didn't kill off the discussion with your subtle pumping of low inflation alts. Leave the bitcoiners alone already! They want to go through it! It's their choice! You can't make friends here with pointing out fundamental flaws in bitcoin. Stop fudding and trolling bitcoin like a pro and gtfo of here already before they close down the whole altcoin section.   :P
You could be hijacking and derailing every second thread on this board but doesn't mean you have to. The solution to bitcoins problems is out already - more than once - but bitcoiners do not like to discuss the fact or even admit a fundamental flaw. Leave 'em hodlers to it. Don't make them all fuzzy now because their worldview is fragile and they have suffered a lot already. They are trolled hardcore these days too. Can't throw it in their faces like that like the fucking cherry on the cake to the funeral.

Low demand is only a problem when you got high supply - that's where bitcoin is at now. We know it. Now stfu and watch. Solutions are out there for those interested you don't net to hijack and derail discussions across the forum.  ;D
Bitcoiners are still busy analysing the problem while you preach the solution since long before the problem even became apparent to most people. Too much! Too fast! Come back later. More mantras need to be formed (like "price is low because of miners dumping") in your favour before people will actually listen.

Good coins are going to pump anyways with or without your educational efforts. Leave bitcoiners alone!

Regards.

https://i.imgur.com/1eHiUJz.jpg

Does anyone care?

No.

Some link therapy clearly required for people who don't read newspapers....

http://www.businessinsider.com/r-australia-probes-bitcoin-crime-links-as-currency-craves-legitimacy-2014-12

http://www.abc.net.au/news/2014-12-03/billion-dollar-plan-to-make-electronic-payments-instant/5936980

http://cointelegraph.com/news/113028/newly-launched-btms-universities-in-italy-and-canada-had-machines-installed

http://www.thebitcoinchannel.com/archives/40573

https://www.cryptocoinsnews.com/tulipmania-2-0-critic-brian-kelly-book-bitcoin-bitcoin-big-bang/

http://www.pymnts.com/news/2014/bitcoin-getting-bigger-in-korea/#.VH60dTHF_3F

http://www.businessinsider.com/how-bitcoin-could-change-everything-not-just-finance-2014-12

http://www.coindesk.com/changetip-seed-round-bitcoin-micropayments/

http://www.thebitcoinchannel.com/archives/40604

http://www.thebitcoinchannel.com/archives/40532

https://www.techinasia.com/indonesia-bitcoin-bitdoku-startup-asia-jakarta-2014/

http://www.coindesk.com/mastercard-seeks-level-playing-field-bitcoin-regulation/

http://www.coindesk.com/bitupcard-rolls-voucher-scheme-30-stores-across-turkey/

http://cointelegraph.com/news/113026/coinjar-relocates-to-london-says-goodbye-to-australias-taxes

http://cointelegraph.com/news/113051/vizorio-is-combining-youtube-virtual-reality-and-cryptocurrencies

http://www.coindesk.com/winklevoss-capital-bitcoin-angellist-syndicate-launch/

http://www.bloomberg.com/news/2014-12-03/meet-the-man-who-s-making-japan-an-oasis-for-bitcoin-startups.html

http://cointelegraph.com/news/113042/bitupcard-program-enables-customers-to-buy-bitcoin-in-turkish-retail-stores

http://insidebitcoins.com/news/south-korea-to-host-its-first-major-cryptocurrency-event-in-seoul/26994

Mining will someday be obsolete, people will process transactions for fees and bitcoin will have hit full maturity. Bitcoin value can then only go up.

About high price and inflation:
"
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.[4]
"
-- wikipedia --

This means bitcoin will deflate since the pricelevel for goods goes down and your buying capabilities increase.

for example:
BTC1 will now buy you an iphone
BTC1 will then buy you an house

Let me help with a few details:

Mining will never be obsolete, it is what makes the Bitcoin network go and secures it.
You're conflating (ugh, retarded word, but Bitcoiners love it!) price inflation with monetary base inflation.
Bitcoin's yearly monetary base inflation (what the local libers refer to as "making money out of thin air") is over 10%, YTD.
Bitcoin's yearly price inflation is ~65%, YTD.

No need to thank me, my pleasure :)

Thank you anyways, I'm no economogist :P

Yes mining is what makes the network go but since your doing it for transaction fees and not for minting blocks, can you still call it mining?

Some are really angry to not have bought BTCs when they were double digits, and now spend all of their days hoping it would revisit those prices.

Bitcoin can break below 300 into high 200s, but I dont anticipate 100s within the next couple of months.

If we want to be sticklers, it's not mining now--nothing is being dug up out of the ground :-\

judging from the amount of transactions happening, i would say bitcoin is gaining popularity...
But yeah, it has indeed been less covered in the media lately. The hype is over, so it makes sense it's googled less often.

I use bitcoin, but i'm not typing the term "bitcoin" into google... I did do that the first time i wanted to look it up. By now, i suppose most people know about bitcoin already, so obviously it will be less googled. You shouldn't conclude it's less popular because of that.

Google Trends results for "Bitcoin" aren't limited to just one word.
Searches like "Best place to gamble with Bitcoin," "How do I buy child pornography with Bitcoin," "Where is the closest gas station that accepts Bitcoin," "I'd like to contribute to a few terrorist organisations, where do I send my bitcoins?"--those all count :D

Ohhh... Well, that's a bit more worrying then, i suppose...
Still, it doesn't mean bitcoin is dead or dying.

Of course not, the doomsayers are exaggerating.  As long as there's a single guy with a couple of netbooks mining, Bitcoin won't die.

MasterCard Shill

You don't know the half of it...

http://s1.postimg.org/5sx16a0en/pozadi_0c_en.jpg

Forget what you anticipate... Bitcoin is crashing and burning one day at a time... You guys go by online bs exchanges, go by the dying OTC market that now has 0% interest in these coins... Everyone knows the technology is being stolen to be applied to USD not BTC!!!

Bitcointalk is very active, the number of Bitcoin addresses, the number of transaction, and the Bitcoin days destroyed are growing.

Bitcoin is dying, fool holders will have a sad Christmas. Laughing stock of family, wife leaving, etc...

Since most holders have got it nailed since 2009, I think they can deal with 1 sad Christmas. You however seem to have had a lot of sad Christmasses in your childhood.
lmfao  ;D

lmfao

The interest for bitcoin is declining is just temporary. Everyone is busy celebrating and taking holidays...

Brilliant!

Is this guy a stand up comedian?

There is only one good way to tell how well Bitcoin is doing. Survey a representative sample of the businesses accepting Bitcoin. Then every few months (maybe once a quarter) take another survey looking for changes. If Bitcoin is really increasing in use you will know. This eliminates all of the factors that don't support a thriving economy (buying for speculation only, miners exchanging for fiat, etc.).

Lambchop this is the second time you have tried to link child pornography to Bitcoin on this forum. Fuck off.

No, it's not dead yet. I'm just saying people heard about bitcoin and simply don't care.

They were only interested when price was rising (read, make a quick buck out of it), they couldn't care less about technology, only interesting part about it was possibility of attracting more fools and getting rich at their expense.

If Bitcoin is so awesome, shouldn't people die to buy it now that's it's on a discount?

Definitely sick bastard... shleppers like that need to be put to permanent sleep right away...

Hmmm. the OP's interest in bitcoin seems to be growing...  ???

Hmm.  IPs logged.  Why dont you have a seat?
Have a seat right over there.
https://i.imgur.com/1buy9MI.gif
Degenerate Bitcoiners >:(

Someone desperately wants to get of the few coins segment by lowering prices. Sadly for you your crying here has no effect on the price.

interest in bitcoin is growing, till longer it exists on pretty good price, till biggest will be interest.

No one wants your bag, you are ill.  To learn more about your condition, start here:  http://en.wikipedia.org/wiki/Compulsive_hoarding

I definitely do not want to buy bitcoins that exchanges are just adding to their website as long as people keep buying them...
I liked bitcoin when I could buy and own bitcoin knowing I had one in 13million but now 1 in 21million+ ??? & who knows what other sites are offering leverage on coins they don't even have.
Why do you guys allow yourselves to be scammed so easily???
Why does the government rob you all daily
Why do you guys do nothing about it
Why do you use the internet the government created
Why do you let this horrible corporate funded internet rob you daily
Why do you let this fake "currency" scam and rob you daily
Why Why Why

You just have a look at the number of people who have made money in bitcoins and the number who have lost money in bitcoins.
You will have your answer.

Bitcoin's userbase was tiny during its first four years, exploding during the runup to $1200.
Starting with this (uncontested AFAIK) as a premise, think about what you've just said ::)

I think there is more people that made >100% than people that lost >50%.

BTC is not worthless, it is worth 370$ and hopefully more in the future.

Correction:  360 @ Huobi :-\

Yes 360$/BTC; if Bitcoin had huge technical flaws or was not a good technology it would not be valued Billions.

^
Wait a few months & we'll see about it being worth billions.  Used to be worth more than three times what it is today, markets take time :-\

Rome was never built in a day, why should Bitcoin be any exception?

Investments, commodities, growth to anything takes time and you can't just expect it to be worth hundreds of thousands in just 4 years. Time will tell what happens to Bitcoin and I anticipate it will grow in time, just not as fast as everyone thinks!

Correction:  346 @ Huobi  ;)

Stay strong BTC warriors


http://i62.tinypic.com/i1xuz7.jpg

At this point we don't need a defensive phalanx anymore, we only need to sit and watch the adversaries bleed out. Bitcoin won the battle. Just enjoy the victory and wait.

Looks like we hit a wall at 350 as always! & I see almost 3k coins willing to be bought at $330
A bounce is expected, probably to 400 maybe more, then we will come back to test this 350 level again.
I covered my shorts yesterday once we got into the 340 range, Looks like this accumulation will continue for a while so I started to nibble in this area in case of another run to $470+

I thought I saw some "dust" market buys. lmfao

nibble in what area?

Nibbling meaning I didn't go full leverage yet but I bought a little over 318 coins this afternoon is the upper $340 range... We might have a nice bounce here
Especially if all these greedy people with orders at 330 to 300 deciding $10-20 more per coin is nothing when we are about to test $400 again.