[1] Not at all. There will always be price decrease that's going to happen. Nothing especial about it this time. If the price goes back to $750 like the previous happening with PBoC, that's kind of alarming, but not really. You shouldn't be alarmed about the price at all since you know that we will eventually pick up later. What you should be alarmed of is the news about bitcoins, but at the moment, there's nothing alarming at all.

[2] Probably some panic sellers are the reason behind this price decrease. Panic sellers always find a lame reason to panic sell. "Oh, I've read a post about bitcoin ETF not getting accepted. I don't even know if it's reliable/credible, but I'm still selling my coins."

It's not that easy. The price of the coin is really cheap mostly because the coin has already been pumped and dumped and then ditched by the first investors. Just because the coin is cheap, doesn't mean that it will give you profits. You have to do tons of research first. You need to look deep.

For example, look at VSL (or vSlice), the price is really low right now. It's been like that for a long time. But since I've participated in their campaign and I got it for free, I wouldn't sell it unless the price goes high. That's beside the point, but if I bought the coins instead, I would still be waiting right now. The price isn't just going high at all. Yes, the thread is still being updated every now and then, but not much are interested. The price of all these coins are built by hype and that's what VSL is lacking.

Bitcoin ETF all around the forum. Funny because it's so hype up in here but we're not here solely because of bitcoin ETF. Not much here started using bitcoins because in March 11, 2017, they would decide if bitcoin ETF is approved or not. Although bitcoin ETF will really help us in the long run when it gets approved, I don't think that the price will decrease a lot when it gets denied. Maybe there are some that will sell right after the announcement when it's denied. But look at the situation, if you have bitcoins but bitcoin ETF was rejected, do you really have to sell your bitcoins? The price of bitcoin will still increase in the long run, regardless.

You have bitcoins now, might as well hold it for a long time.

We can't base bitcoin's success solely on its price. Besides, it didn't go back to $1. It just decreased significantly in such short period of time. But that doesn't mean that bitcoin is a failure. If you want, you can buy tons of bitcoins so you can join the resistance when the price of bitcoin is decreasing.

Bitcoin will always decrease from time to time. Sometimes it's much more significant than the previous dump but that doesn't mean that bitcoin is a failed project. It's just a normal thing with a market and volatility like this.

That's actually the beauty of it. Obviously, those people that don't have access to the Internet have very little to no money at all. They stick to the traditional ways because they don't have the money to step up their lives. Meaning, you're not going to waste time talking to people that don't have money to buy or don't understand what you're selling. This saves you time and effort.

I believe that mass adoption will happen to people that have Internet connection. Read Digital Divide and you'd realize that some people are going to live a life not ever being able to hold or see a computer, let alone use bitcoins.

When gold was removed from the scene, fiat has become virtual. All of the value of fiat is a mere illusion. It doesn't have a value at all. The price of fiat is depending on the economy of the country and how many fiat is in regulation. It's just the same thing as bitcoin, they are both not backed by anything that is actually valuable. The only difference is that fiat is regulated so much while you get freedom with bitcoins. And bitcoin is decentralized, the whole thing actually depends on the supply/demand law unlike fiat which is centralized. Whatever foolish decisions your government does, it will affect you as you're using their fiat.

[1] People only say what they see. They said that it was the beginning of cashless society, and it was. The progress will be quite slow but as you can see right now, people are using physical cash lesser and lesser.

[2] Of course it will. Many countries have tons of debt. Their government simply print out tons of paper money although it will have their currency less valuable. It's alright for them since it's the fastest way for them to get out of debt and the easiest one as well.

And ultimately, what will be the purpose of celebrities/attractive people supporting bitcoins? Of course, it's mass adoption.

You were saying that we don't need mass adoption but you just said how mass adoption will happen. I don't think nerds have a bad impression of bitcoins. In fact, they might have a really good impression of it and they might be using it right now.

Nerds (not hipsters) are called nerds because they love to study. If they stumbled upon the idea of bitcoin, they would've done their research and it's some nerdy research not just some quick google search. They'd know that all the illegal stuffs happening in the dark net associated with bitcoins are for real but it doesn't affect the bitcoin economy that much. People will use bitcoins if they want to. Those that use bitcoin's reputation to avoid using bitcoins are just looking for some lame reason to avoid exerting effort on learning what bitcoin is.

Fiat is guaranteed by the State, yes, but at any given time, the State can turn their back to their people and say that they aren't backing the fiat anymore. That's why it's still risky to put all of your money in fiat even though it's very unlikely to happen. Fiat has been around for a really long time, it came around 700 BC (Source: History of Coins) which makes the concept of it very very old. Everything will eventually be replaced by something better and once everyone started using bitcoins, fiat will be replaced by bitcoins.

[1] Apparently, a lot of people.

People that:
1. Don't believe in banks.
2. Too poor to get one.
3. Don't even have bank in their place.
4. Doesn't have any money to put in the bank.
5. Are too young to get one.
6. Are too old to understand how it works.
7. Are unemployed (most of them since they aren't going to use it anyway).

[2] You were lucky to be one of those people that knows about localbitcoin and whatnot. Most people only depend on bitcoin exchange sites and all those websites require you to verify your identity. The verification process is much more harder nowadays. You have to upload a selfie of you holding the ID while back then, you simply have to upload an ID.

[1] While that is true, it's pretty clear that the current government will not have some amnesia and have a different way of doing things. If they are doing things not well right now, you can't expect them to magically change anytime soon (or at least as long as they are still in the government). Having a new government gives you that hope that something will change because the government will be lead by a different person.

[2] That might've worked for you, but the majority of people are non-bitcoin users.

[3] When that happens, the government will be alarmed and they might take action about bitcoins. I'm not saying that mass adoption is a bad thing, though, but we don't know what will the government do at that time.

Lol, where did you get those ideas?

[1] People believe that bitcoin users are pseudonymous because you can create infinite number of wallets. The same thing is true with altcoins. You're still pseudonymous when you're using altcoins.

[2] That's not true at all. Bitcoin isn't regulated because the government can't do so. The same thing is true with altcoins.

[3] #1 and #2 is wrong so they are definitely not the reason why bitcoin is stronger and have much higher price than all altcoins. Bitcoin is the first one to be here, it's the most established one, and it's the number one crypto currency so anyone that's been using altcoins will eventually use bitcoins.

Oh boy, you were so uninformed about altcoins. Altcoins and bitcoin don't have that much difference except for the owner, market cap, usability, scalability, reliability, and target market.

In other words, they weren't as picky as campaign managers like Yahoo, Lauda, Lutpin, etc. And they were not as active as well. It doesn't prove anything at all. It might have raised suspicion to you, but it doesn't prove anything. There's a campaign (i.e. Orocoin, IIRC) that has behaved the same way. In a matter of 1 1/2 hours prior to the creation of the signature campaign thread, their campaign got filled up. I don't recall them using escrow at all, but still the campaign was successful.

On a side note and as a reminder to other people, it's not our job to keep track or moderate or investigate if the incoming campaigns have a huge possibility that they will scam the users. Look at betcoin.ag and spectrocoin, they both have red asterisk because of unresolved scam accusations, but they are still listed here. This thread is simply an overview of all the signature campaigns.

There you go.

We don't need that, though. Anyone who's in a hurry for mass adoption can leave now because it's not happening soon. ETF approval might shorten the process but it's still a long journey. I'm also thinking that if banks have adopted bitcoins, it's because the majority of people are already using bitcoins. The mass adoption has already happened or already happening. The government has only two choices, they either try their best to get rid of bitcoins (hard way) or just adopt to bitcoins (easy way).

Yep, if bitcoin was used or can only be used solely as a currency, it will not gain this much attention or maybe it will not get attention at all. People will question where's the price of bitcoin is based and how come the price is stable despite the fact that it is built by supply and demand law. Just like in the altcoin market, there are some people that have invested in bitcoins for the sole purpose of trading. They don't care about its use and if merchant is accepting it, they know that it's pretty volatile so they trade it.

The absence of reason creates monsters.

You don't have to worry about that at all. Bitcoin is limited and that's a good thing since it makes bitcoin scarce. Bitcoins can be transferred and stored in small pieces. Meaning, even if it comes to a time when only rich people can afford 1BTC, it will be alright since there will still be 1mBtc (1BTC x 10^-3) and 1uBtc(1BTC x 10^-6) which are much smaller denominations of bitcoin.

If some technology allows us to have more bitcoins, that will make the price of bitcoin go down since there's an additional supply. No bitcoin holder wants that.

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But digital money is just fiat in digital form. All of the digits written on your debit card and all the money that you get from wire transfer, all of them can be converted to fiat in no time. It's just much easier to use fiat in digital form, thus, we do so. It's really risky to bring worth of 10k$ in the store since that'll require a briefcase and it'll get the attention of the thieves.

Despite the fact that we're using cash less than before and we're starting to move to a cashless society, people are still not using bitcoins because they were never introduced to it.

[1] Just wait for bitcoins to become mainstream. Once it goes mainstream, the merchants are already accepting it and the price has already skyrocketed. By that time, not only have you made tons of profits, but you can also finally be able to buy using your bitcoins without converting them to fiat first.

[2] See, that's kind of the problem which is why most of us don't sell our bitcoins at all. You sold your coins today, and then tomorrow you'd see it growing even more. You hold your coins today, and then tomorrow you'd see the price is decreasing. The price is so volatile that no matter which move you do, there'd be a better thing to do. So most of us (or at least I think) just hold our coins and then sell them later when we actually need money.

tl;dr: Selling right now makes you lose the opportunity to sell at an even greater price.

How is it hard to understand a currency? It's a crypto-currency meaning it's a digital currency on the Internet. Or maybe you were saying about technical stuffs like how does the bitcoin network works, the bitcoin core, how to run a node, etc.? Well, even in fiat, we don't know all of that. We don't know how were taxes computed. We don't know how's printing of fiats issued.

We are all average users in here that had the courage to do something and do our own research to understand bitcoins. No one spoon fed us. It was us alone that tried to understand bitcoins so if they don't understand it and they don't do anything about it, it's their problem, not ours.