Bitcoin Forum

well hope i was wrong..but from somedays here on bitcointalk i have seen a lot of sites collapsed due to no funds or any thing...even many exchanges also got robbed..in this week time when price is still falling....hardly there are some peoples like muhammed zakir,quickseller.....who are still tryng to develop this system and tryng to work on new projects...but i wont think with peoples scammy behaviour or stelling coins will ever make it good again...i strongly feel that we need something like mtgox..or we need many stable exchanges...anyways..lets discuss that how we can save this falling train of bitcoin

Most centralized exchanges will collapse if they issue unauthorized IOU for volume uplift like Mt. Gox did. More & more people are realizing this fact and moving towards exchanges like www.LocalBitcoins.com or www.100bit.co.in. These are the future. And bitcoin is much more than just exchanges...

bitcoin is the future currency so can't compare with just an exchange to bitcoin, much bigger companies like Microsoft,Dell and much more now accepting it as payment method  that is just beginning so you can not say that is end of that.

Bitcoin is being adopted by new companies everyday. This means the currency will consistently continue to strength, as more users begin to hold it. I haven't heard of security breaches from organisations such as blockchain.info or coinbase, which means any security breach to a Bitcoin startup must be a human error.
Small developers like me, are trying to get into the market as soon as possible because we understand that this a needed service, which will revolutionise financial systems and technologies.

Any pessimistic views you hear about Bitcoin, is ultimately to deter you from using this new financial systems, which will ultimately force bankers to CHANGE (though I doubt they would be necessary anyways) the UK government has already adopted Bitcoin, after seen its potentials, and hopefully others will follow suit.

Um.. what? What projects are they working on?

Right now it's the end of the old infrastructure, we will see if btc dies with it

I do not think it is the end of bitcoin. Right now Bitcoin has had a bad start to the year and towards the end of last year when a few exchanges got effected and caused panic across the globe and caused a selling frienzy. Bitcoin is only getting started as more company's adopt and take bitcoin  as a payment gateway for payments and new business. The more business that start using bitcoin and crypto the better it will get. Right now all people are doing is selling off their coins and could still drop lower than currently is before their is any real good increases in price. 2 more months and we are half way though the year with a down trend maybe once its found a bottom level it will then go back up. But at the same time it is very hard to tell if we will see a price increase. Might as well enjoy the low prices for now buying what can and playing exchanges on other coins that are succeeding in prices and going forth.

This is the beginning. Bitcoin still 6 years old. And about the exchanger which collapsed that's just human error. Scammer? Stay away from them! I'm sure bitcoin will shine in the future.

Bitcoin is so capitalized now that the danger of a collapse is minimal at best. There will continue to be ups and downs but a complete collapse is a very remote possibility. These collapses are a good thing for bitcoin long term. The smartest and strongest entities are the ones that will survive long term and the ones that deserve our business. The brush must burn for the trees to thrive. 

yes, this is the end. finally. RIP.

I think bitcoin security always increase day by day to prevent any past damage happen on present and for another future.
I believe BTCitcoin still have bright future. For someone that still trust on it, I'm sure that day will come.The day when someone really waiting for...when you guys hold BTC 1 = more than unexcepected

Entirely the opposite. These sites are case examples demonstrating the need for actualized use of blockchain technology to prevent these kind of centralized failure points. They scare off some people initially hearing about it, and lower the value of the bitcoin currency in the mean time, but they assure demonstrative examples of how and why decentralized systems are necessary and create an atmosphere where nothing less is acceptable.

Really, future currency? I don't think so anymore, yes some companies are aceepcting Bitcoin, but it seems that didn't make much progress in last year, on the contrary, Bitcoin become the one of the worst investments of 2014.

OP , by that same logic you could say many US companies went bankrupt , is this the end of the dollar?

Hopefully this will be the end of pessimistic speculations, used for scaremongering

You will still earn more by investing in bitoin that just keep your money on a bank account. Do you know what people said about bitcoin in 2011 and 2012? They just thought that bitcoin is just a toy for geeks.
Bitcoin is just too young of an invention to judge if it is successful or not. After 5 years when internet was created people were skeptical as well.

what will be the end? the price did not raise did it? in my opinion there always were and will be pessimists

last time i checked  current price(238) is different than zero, since when $238 is considered dead? bitcoin is just going through a difficult time, a long despair phase

and we surely don't need another incompetent like mtgox, mtgox is actually the culprit for the current price(at least partially), do you really want something like that again?

For all of you that wish that bitcoin is dead, Bitcoin is going to disappear or Bitcoin Futures Will Be The Death Of Bitcoin I have a great source of information, check out this site, and see how many times in the past bitcoin was dead: http://bitcoinobituaries.com/

After reading this you may want to stop grumbling.

you are right. this game is near to the end

exchanges have proven to be not secure enough and other exchanges have proven to be thiefs. this all is not the fault of bitcoin. not sure why people still don't get it.

Not even closely. :)

Well, u can say bitcoin price manipulation game is near to an end. But at current difficulty bitcoin will survive as long as mining is profitable and for large miners it costs around $40 per bitcoin for now.

If the price of bitcoin reaches $1, then well it's the end as rising again to $238 will be nearly impossible. This year is just a bad year for bitcoins as the price has kept decreasing but I hope it does not end and remains above $200.

So Bitcoin has been dead since 2010, yet it's valued at £162.00 with more companies and government accepting it?

Definition: Dead
no longer current or prevalent, as in effect, significance, or practice; obsolete:
a dead law; a dead controversy.

From what I can gather, Bitcoin is very much current.

I think you feel big time depressed now. I would suggest you step away from your PC and go have a walk or do something not crypto related. BTC s not dead and it s not failing. True, scammers damage this beautiful idea a lot but that is our problem cause we keep funding their scam projects. Let us hope we all finally learn and this train moves stronger forward.

OP you have no idea what you're talking about. No offense to the people that you've mentioned, but they're random and insignificant compared to who you could meet here. The exchanges got hacked, so what. That's no a problem with Bitcoin, that's a problem with their security. Bitcoin can't solve all the problem of this word.
The scammers are a different story. The cops aren't doing their jobs, nor are enough people trying to sue them. People also need to educate themselves. I've never been scammed in my life. That's because I properly judge the situation, and don't rush into something that promises insane gains.

The problem is that transactions are secure only when hashrate increases.
When the hashrate drops down - there will be major risk of doublespending with rewriting mainchain.
No one will pay even $40 for unsecure bitcoins

Yes, bitcoin is alive and kicking, but people who remember that one episodic spike of bitcoin price back in the November of 2013 are still complaining that anything less that $1000 is just a disgrace for bitcoin, and if price soon reach that threshold bitcoin will be doomed. And that is completly failed logic.

What? you want to something like mt.gox again? :o are you masochists? LOL
actually im sad about something like exchanger got robbed, but thats their responsible as exchanger their must make the security highest. I see on project development section, so many people will build their bitcoin project.


~iki

I think you feel big time depressed now. I would suggest you step away from your PC and go have a walk or do something not crypto related. BTC s not dead and it s not failing. True, scammers damage this beautiful idea a lot but that is our problem cause we keep funding their scam projects. Let us hope we all finally learn and this train moves stronger forward.

There's a transition needed from the old shit to new infrastructure that can cut it among the wider public. To do it right requires a lot of money, time and dedication. It's slowly coming to fruition but there's still a way to go.

In the meantime things will continue to look pretty poxy. We're still mired among the old guard. They need to shaken out for good.

We need a willy bot.

in what bases you are saying its end

I think he's being sarcastic

For what? To artificially inflate the price? I'd rather have a slow but steady growth over time than a massive rush because it'll only cause another bubble and eventually burst again.

mt.gox made that automated willy bot and we had seen that journey from $5 to $1000...so lets make it here in bitcointalk..we can do it

It probably won't go down too well if it's conceived and put together in public. Only real willies count for anything any more. 

but when those lovely bubbles burst then also we are in a stable price $400-$300....but new it is lowerd to $200 which is really dangerous for bitcoin any how we have to reach $300 otherwise one drop of $100 can destroy/harm the bitcoin economy in a wide range

How do we know that bitcoin price of $200 plus is just not a long lasting bubble? And in fact is just a joke on all of us? After all the price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more.

i am so so much afraid with this btc price,i wont care how much it increases..but the thing i care is what if 1btc value reaches $100....then many big companys will be destroyed or will stop accepting it as payment....many btc shop will face losses

Many big companies would convert btc to fiat as soon as possible, which is the norm todo at this stage in time.

i know thats not a fault of bitcoin...exchange should be more secured...but when ever any exchange robbed then the huge part of money got stollen from owr community..which highly effect our price..so i think we should increace our own security because nowdays nothing is safe and a single mistake can effect on the price so if some amount of people keeps their coins safe and makes a little less profit everyday then maybe we can again reach the stable state of bitcoin

dont worry.. i think this is just a matter of time. there are a lot of changes in world economy

You have absolutely lost me.

I dont think it's the end of bitcoin or anything, we've been through this, the price of bitcoin goes down, these posts are created, the price of bitcoin rises and everyone happy, what will happen, the bitcoin will be worth less than 200$, people will buy cheap and immediately it will raise to 300$-400$

I think he's saying that if bitcoin loses much of its value then companies who have invested money into bitcoin or use bitcoin to operate may face difficulties. Some cloud mining companies went bust when the value dropped significantly and had to cease operations (though of course they could have just been ponzis but I think at least one 'legit' company suffered because of the fairly recent price drop). I'm sure there have been other bitcoin businesses that suffered a similar fate too.

Edit: Thought you were responding to this:



I think what he's saying is people need to secure their coins because when they get stolen they then get dumped and it has a negative effect on the bitcoin price.

Exactly. The price going down won't end Bitcoin. We're the ones who decide when it is the end. While we are all still here Bitcoin will work. The price is just a measurement.
Bitcoin is perfectly fine, be it at $1000, $100, or $1.

Mining and ponzi based business models, hardly make-up the whole of our Bitcoin ecosystem, a few of these closing wouldn't lead to the title 'is this the end of bitcoin?' The truth, as I may have already stated, is that Bitcoin is 'THE' needed missing block, a block which is required by so many people, and businesses. So as far as Bitcoin is needed, it will never die.

I think the only time when this will die is when Bitcoin is at $0.01 but even then it will be like a blast from the past I doubt will go anywhere near that any time soon. I will just keep on buying small amounts as price goes down and sell to other cryptos and make profit on the down trend then when and if goes on up trend sell and make a good profit.  Would be nice for it to be $230s now and then spike upto $500 would be insane.

End? We've barely even begun.

Might just be a bear period, short or long term, or it could actually be the end. We'll see.

I still can understand why people can't sepparate bitcoin from humankind.
bitcoin has nothing to do with humankind mistakes and actions, bitcoin is code and it is almost perfect,so it will never be its end because it can fails.
If sites related to bitcoin fails, it does not mean that bitcoin is going to fail because security failures of the sites are only related to that sites and not to bitcoin.
Bitcoin will never be ended, it will succeed or not,but it will always work smoothly

Unfortunately humans are the ones who'll be using it with all that entails. Perhaps it might find its true place among unhackable machines dealing with each other. 

You can have the greatest tech ever but it's going to fade away if the services required to interact with it are operated by idiots and scum or if the whole thing is simply unwanted despite its obvious merits.

The only thing that mt.gox was good for was the fact that they were the most known bitcoin exchange site at the time, and due to lack of alternative exchanges,
and increased interes in bitcoin at the time, that bubble happened. Now that you have exchanges popping up everywhere, its harder to raise the price, there is much more volume, both
on the upper, and on the lower side.

imho there is nothing that an average joe can do to help bitcoin price in any major way. What u wrote in the opening of your post is true, there are too many hacks and thefts for
bitcoin to get larger support than it already has. What we need is regulation, strict laws that would make it impossible for people to hide behind nicknames and crypto addresses,
and boom, there are no more scams, even better than that, you could see where every cent went, which will make bitcoin even more attractive for some people.

cheers

Though its price is deceasing to a place that few of people like to get touch with, there are still companies start to accept it as the payment. Bitcoin is six years old, it is too young or too old. We can't say it is the end of it or the new start of it.

Believe me when I tell you that I've deleted many drafts, before I decided It would be better not replying

It is true but prior to year 2013 bitcoin price was like... not existent (Bitcoin was worth less than $13 at the end of 2012) and only a handful of people knew about bitcoin at that time. So it was not really that much of a life it had back then. It is really amusing how people are stubborn and refuse to believe that it is indeed our future. Just like internet and mobile phones are our reality now.

Almost all big companies should be converting their BTC to fiat in large increments.
And also adjusting their prices in accordance with changes in BTC to fiat rates.

I'm guessing he means bitcoin specific companies, or maybe I'm reaching. It's not a big deal if a retailer falls away. If Bitpay or Coinbase decide payment processing wasn't viable any more then that's a proper hiccup.

  LOL.
 I thought so too till i read her/his previous posts.
  How long till this account is sold?
  Welcome to my ignore list Mehek.Or whoever buys your account.

Bitcoin is endless, you won't see it die

I hardly doubt that. There is no logic in that. If Bitcoin reaches $100, anyone who accepts it via Bitpay won't get hurt at all.
If he's thinking about the shops that don't convert it to fiat, they aren't going to get damaged either. How are they going to get damaged if they are holding their Bitcoin?

LOL you really want to use that for an example?   ;D

Death to bitcoin. Long live bitcoin.

Repeat ad nauseum.

In a sense this is an interesting view of the issue
The infrastructure developing now and the decentralized networks to replace them later, relatively it is the end of at least one architecutre even if it was only to be a piecemeal solution for later technology.

No, this is definitely not end of Bitcoin. Many people tend to watch price of BTC/USD. Exchanges are open and closed, some business is open some is closed too. This is life and there is no one who will impact on fact that Bitcoin is available and alive.

i will

I, as well.

Yes, I think also like this.
Infrastructure can change and develop but I don't think this will affect bitcoin much.
Technology is evolving every day and it is a very good thing.
Right now, I'm much more worried about the value of Bitcoin, and its price and stability, rather than on how the development of infrastructure affect BTC.

I believe the price is manipulated by the big trading funds.

Ditto!
You can only stretch an elastic band so much ...

I agree. And sadly it's only beggining of the war.

I don't think so. I guess you are basing on the spiraling downtrend price. Nowadays the price is not one of the primary concern for the venture capital investors, which are still injecting millions of dollars into the bitcoin related projects to support the ecosystem. 

I hope what you say is not true. Bitcoin is a decentralized payment systems and large companies will try to take advantage of Bitcoin. So, I hope this is not the end of bitcoin and BTC can long live.

Sites are always collapsing. Mostly because of the lack of sustainable business plan and incompetence. No offence but muhammed zakir, quickseller and so on are quite insignificant players especially if you compare them to the wall street guys who turned up around BTC recently, or to some of the whales here.

Your scoop seems to be a bit limited. If you try to see the wider picture you will find that a bunch of high-flyers pouring big money into bitcoin, and these people not used to waste money on dead causes.

Just because price is going down doesn't mean that it spells the end of bitcoin. Exchangers are operating as normal. Businesses dealing with bitcoin are still there. If the price falls further, I only see that as an opportunity to get hold on more of the coins.

every time there is a big dump they call the end of bitcoin, i guess bitcoin has many life seeing how is still alive

the real end is only zero nothing else, 221 isn't exactly zero...

Only time will tell, I've heard lots of terrorists and criminals use dollars so I'm a bit reluctant to carry round any fiat in case I get arrested and put on a watchlist.


@OP Fear not my pessimistic friend, the moon cometh....

hey i am not gonna sell my account...sorry if u dont find my question justified

what if bitcoin price crashed...due to any serious mistake or problem...can it still be recovered?

Huh? The infrastructure is something that will have a huge impact on Bitcoin. Decentralized exchanges, markets, simpler wallets?
Don't you find that appealing?
Bitcoin definitely has potential but it needs to be used in the proper way for it to succeed.
I'm said this many times already. The price does not matter (!). Bitcoin will work be it at $1000, $100 or $1. The stability does matter though.

The value depends on supply and demand for bitcoin. If someone trust enough on bitcoin then they will buy it. When they buy it , the price also increasing. So at the moment I think many of us dump bitcoin in huge amount so the price keep decreasing. But for who still hold bitcoin, I think this time to buy some more...

Yes! its the end, again! 50 times the end more and more!
http://bitcoinobituaries.com/

That would get my attention. When the price moves around due to fluctuations in supply and demand I don't think its a big deal. But if SHA encryption was broken, or something like that, it could really hurt.

Just because Bitcoin is the "currency of the future" does not guarantee that it will (someday) be worth thousands of dollars.
Bitcoin in the future could very well be at parity (equal to) the dollar, the pound, or any other banker-controlled currency.
The party's over. I see "the future" and it looks like the Rich Elite with lots of shiny controls and regulations designed to keep you firmly in your working-class, slave condition.
If you have Bitcoin, SELL NOW and walk away from your delusions of wealth in this arena. Bitcoin is toast as an "investment for the future."  Now get your ass back to WORK. Your boss needs a new sailboat.

Bitcoin won't die anytime soon, it has a stable trading volume and that is what matters. Many jobs/service/exchanges/companies etc rely on bitcoin but the price of bitcoin doesn't matter for them. Only mining farms and mining corporations are getting hit by this bitcoin price fall. The bitcoin price will stabilise once mass adoption arrives and more regulations come in place to protect consumers from bitcoin scams etc.

you mean 1 btc = 1 dollar? not possible and it doesn't make sense at all, because of the limited supply, instead those scam fiat have all, infinite supply, printed every day

right price of bitcoin should be in the range of 10k-100k

Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.

There's no fundamental reason that 1BTC = 1USD. Maybe 1bit = 1penny? Or maybe 1bit = 1USD? But I don't see bitcoin dropping so much that 1BTC = 1USD.

That being said, here's the fundamental way the bitcoin price goes up:
- New applications are released
- Those applications are used by people
- Those people need to use bitcoin (one way or another)
- Application needs more bitcoin
- Value of bitcoin rises

If people are using it, the value goes up. If there is only so much, value goes up. Price is cool, but if you care about price, forget the price. Be excited about all the infrastructure and applications because that will see the price of bitcoin rise way higher.

should i lock this thread?

The bitcoin protocol is open source and stable, everyone can see of there is a bug or problem in the code. Even if there was a bug or problem it would be fixed by the bitcoin core developers. There is a huge support and trading volume for bitcoin to crash.

Absolutely lock it...or not!  It's a free world, you can do as you please.   :D

If you still have more to bring to this discussion, feel free to ask more questions or spark more debate to why you'd think "it's the end of Bitcoin".

I mean it's obviously still around after 6 years, not going anywhere, not about to be banned, not a fad, not going to be replaced anytime soon, so you use your own judgement...

and why do u think so?

If any of you think we'll see Bitcoin for 1USD you must really be delusional, even more than people who think we'll see 1BTC trade for 10k USD.
If Bitcoin is to ever function as a means of payment or a store of value it won't be able to go down to as low as 1USD and if it doesn't perform its function it will be completely forgotten and abandoned. This means that  you will never be able to see Bitcoin trade for single digits and if you do it will be just days before it dies like so many altcoins.

bitcoin an official currency? since when? people still don't know what they should name bitcoin. a currency? gold 2.0? assets? people can't seem to agree.

Bitcoin hasn't even started, we are at version 0.10 ffs, 99% people dont know what it is. Do you even perspective?

This is the beginning of bitcoin. About the sites that closed due lack of fund because the value of bitcoin rises everyday. There are more people that trying to get some bitcoin. I heard that many big companies in US start to receive bitcoin as one of their payment methods.
About bitcoin exchange rate, i can't say anything related to that :-X, maybe there are many ponzi scam out of there that sold huge amount of bitcoins.

control of what? the market? the market was always controlled by whales(maybe not when bitcoin started), this isn't a new thing

bank are not controlling any bitcoin, just government is holding those coming from criminal activity

Yes. Traditioanal markets had always been and will always be controlled by some most powerful Richy-Richs. When they enough money and want a reset of market, they just crash it. Same thing will be applicable for Bitcoin as well.

If too many people ("investors") get burnt I think we can call it a day for high prices.

I hardly doubt that real traders/investors get burned like the average man from here. We often see people complaining and asking if they're ever going to get their money back.
The people with a big amount of money are manipulating the price for their own sake. If you have no experience trading you shouldn't think that you're a trader just because you traded Bitcoins a few times.

In the long run, nobody should get burned (people who bought till this point in time).

Bitcoin is the Yahoo of digital currency. The AOL. The Compuserve. The dial-up modem plugged into a landline.
That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
 

So an agnostic global currency that anyone anywhere can tap into and know exactly what its parameters are and be confident that it can't be debased is Yahoo.

A currency produced by the same old clapped out institutions is Google?

Humans like to progress in general.

It may be true in the IT department and in general business things are not that simple as there are not always better choice to follow. People in bitcoin world are just being extremely wavering. They know that bitcoin is something to follow but from the other side they refuse to fully back it up. That is just problem of our decentralized bitcoin society.

IT industry and others are just afraid because they don't want to be in a mess if something happen with Bitcoin. It still has no legal backing.

First and foremost, I am little tired of hearing the same stupid prophecy that Bitcoin is dead, Bitcoin has failed etc. It only show that our community is full of trolls, impatient kids and other individuals who thinks if bitcoin price is not $1000 already it probably is the end of the worlds and we are doomed. People who say things like that naysayers. I wish to see what they would say 5 years ago, when bitcoin price was like non existent.

Im suprised most exchanges didn't go broke since last bubble collapse. I bet they are making 100 time less than while bubble was alive.
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|

It wasn't good year for bitcoin businesses

As a broker, my customer increased by 4 fold since the bubble top. The interest of bitcoin is spreading out like a virus, and since majority of people still have no clue about bitcoin, we are still in the phase of exponential growth

An old saying: If the cleaning lady start to talk how much bitcoin she has bought, then the growth is almost over. We are far from that, maybe never due to complexity of handling bitcoin's security

https://bitcointalk.org/index.php?topic=1024916.msg11091536#msg11091536 now I am a manager of this campaing

Stop this thread immdiately, its just nonsense scaremongering.

These exact threads make the price go down because you guys scaremonger eachother.

Bitcoin is not dead, go look up the Q1 statistics its higher than ever.

https://www.coindesk.com/research/state-of-bitcoin-q1-2015/

It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.  :)

thanks for the link...and btw there are a all of peopels who having a different point of view then yours....yes u r too smart but that's because u had experienced this all

I`m just sick of people scaremongering eachother without checking the facts first. From last year, all unique wallet users rised, merchant profit was extremely profitable, venture capital investments grow alot, this was the first year when there were more investments generally other than mining.

So the bitcoin economy slowly but steadily expands, the only reason the price is so low is because the government interventions, exchanges got hacked, and mainstream media demonizations.

In short bitcoin is being sabotaged but its not working :)

Topics like this one are only created and discussed here because people thought that after bubble of 2013 bitcoin rising price will be a trend. Now we see that it was not a trend at all but short lasting occurrence.
It's still unknown how bitcoin will scale in the future. For now we have pretty detrimental stagnation of price and people used to higher price of btc are worried over nothing.

Bitcoin is neither of those things.  Bitcoin, after 6 years, simply doesn't exist in the world like other tech.   Even Compuserve had more users at their peak.  The capitalization of the defunct Deutschmark, still being circulated and used as barter, is worth more than Bitcoin.

http://theweek.com/articles/473734/why-are-germans-still-using-deutsche-mark

I trust estimations more from the FRB, ECB and impartial people like Jeffrey Robinson over con artists trying to pump their own IPOs or defunct exchanges.  MtGox claimed millions of users and yet Risto Rpietila, on these forums, discovered MtGox only had around 60,000 addresses with anything in them (and a lot of them contained dust) and addresses are not people.  More realistic estimates from FRB, ECB and Robinson indicate less than 250,000 users.

It increasingly looks to be the case that Bitcoin was really all hype and smoke to make con artists like Mark Karpeles and Jed McCaleb rich.

If FRB's assessment is right then we have exponential doubling every 8 months but that still puts Bitcoin well over 10+ years before it becomes a household thing and I wouldn't hold my breath waiting for it.

Are you a paid troll or what. Look at coindesks Q1 report, over 1m addresses, and still growing . Yes the growth rates is less now as the mainstream media demonizes it, but still growing.

If you guys after 6 years think that bitcoin is a ponzi scheme then just go back to your ponzi fiat money and your ponzi retirement fund and your ponzi welfare and let's see which one will last more.

May be we all are waiting for some big news which will again bring our loved Bitcoin on the top of the list of currencies. Let's see what this year will bring for all of us in next few months.

To all comments on my post:
First, to those screaming "Troll!!", Bitcoin is a global and extremely important conversation. Bitcointalk.org is a forum designed to host this conversation. If you don't like what I have to say then, by all means, build your own forum and ban whomever you wish.

Second, my comments are not intended to imply the FAILURE of Bitcoin. On the contrary - it is Bitcoin's SUCCESS that concerns the proverbial Powers That Be.

Why? Because a currency of the people, by the people, and for the people does not collect interest for bankers.

The rich WILL wrangle this technology out of your hands. In the end it will be no different than ordinary, plain vanilla fiat subject to the rich and powerful who are, as you read this, dragging your Bitcoin "wealth" back into their reality.

I'll say it again - SELL NOW.