33 Indicators that Bitcoin Isn’t Slowing Down

[the_poet]

http://www.josic.com/infographic-indicators-that778-bitcoin-isnt-slowing-down

[n2004al]

http://www.josic.com/infographic-indicators-that778-bitcoin-isnt-slowing-down

Normally a main post without any kind of comment, word or explanation from the author of it, is a slight for everyone who open it to see about what is talking about within it. At least I understand that the author, with this kind of behavior tell: "I don't have time to make comments in order to enlight everyone of you because have to many other important things to do which are much more important than this. So who understand - well, who not - let go out from here and find another thread which fit to him. I made my big duty bringing such big article here who no one was able to find. The only thing that you can do is to thank me for this I have made. That's all." As such behavior this thread don't deserve to have comments from me. And so it will be. 

[Bitcoinpro]

how can it slow down its evolution at its finest

[SFR10]

It's not just those that were included on the Infographic provided but since it's a technology, it never stops getting better, it get's evolve from time to time, as long as there are developers working behind it, it won't slow down even if they (developers) stop improving it completely, no sign of significant slowing down would happen right away unless the technology itself stops.

[Amph]

bitcoin is increasing as average per day, there no dump ever, all those fluctuation are there for accumulation only

if you count since when bitcoin was born, we are actually always increasing, even in 2014 yes...

[Kprawn]

I do not agree with all the statistics in the infographic, like the VC invested into Bitcoin companies. I think a large percentage of that went into non-Bitcoin

related projects centered around Blockchain type technologies. They just added that to the totals, but pure Bitcoin related projects and the investments into

that, is a lot less. Correct me, if I am wrong? A lot of the information is very positive and also very accurate... let's give credit, where credit is due. 

[pereira4]

Infographics are a fantastic way to show newbies why being on Bitcoin is being on the winning team specially long term. I love this one which is a good way to discredit the FUDders that say how Bitcoin "is not growing"



This is great because most people are visual and learn things better if they are explained with nice pictures rather than a bunch of text.

[russian_pete]

And here is the full text for those who care to read



33 Indicators that Bitcoin Isn’t Slowing Down

 

When Satoshi Nakamoto launched Bitcoin in January 2009 it was the beginning of a revolution. The original block in the blockchain was encoded with a bleak snapshot of the failing financial system, a small quote from the UK Times newspaper:  “Chancellor on brink of second bailout for banks.”

It was banks, central control and corrupt government policy, that the fledgling cryptocurrency was hoping to replace. While it has not yet overthrown the financial institutions of old, nearly 7 years on it’s still closer to doing so than many people had imagined.

Like all groundbreaking technologies there were technical teething problems, naysayers and outright battles. Some governments tried to outlaw its use (and some have succeeded). The negative PR stemming from the currency’s ties to the illegal dark net markets may have scared some people off. And the early adopters were well and truly screwed over when they stored their digital funds in the Mt. Gox exchange, because hundreds of millions of dollars worth went missing.

Yet here were are, closing in on 2016 and bitcoin is alive and well. In fact it’s doing better than ever and our new infographic demonstrates that the only way is up, in terms of value and usage.

Indeed the dollar price of BTC has been steadily rising since the start of the year, regaining ground after its first major crash. In just the past 3 months it has doubled its value by a $200 increase and there’s no sign of that slowing down as 2016 emerges.

As for the actual trading volume at the exchanges and the overall growth of the exchanges themselves – well both are skyrocketing. From October 2014 to October 2015, OK Coin from Singapore has grown 847%, and even the more western-centric BitStamp has doubled within the year. The market is managing to move $289 million worth of BTC on a daily basis, more than Western Union ($216m) and closing in on PayPal ($397m).

Meanwhile online and offline merchants are increasingly adding bitcoin as a payment method, supported by bitcoin payment service providers such as Coinify, Europe’s leader in processing wide range of digital currency payments. Not just to keep customers happy but because it actually costs them less to process. A negligible 1% is charged for BitPay premium members compared to the major credit card networks, which range between 2% and 6%. This has contributed to the jump from 65,000 merchants accepting BTC to 100,000 plus. While we can imagine some scenarios where it isn’t beneficial to the customer, retailers like TigerDirect are proud to reveal that bitcoin prevents fraudulent chargebacks which are very common with customers using credit cards.

In short all you really need to know is that giants like Microsoft, Expedia and Time Inc. have embraced BTC and many others are following suit. August 2015 saw BitPay’s most successful month, recording 70,000 transactions.

In turn, as this demand has increased so has the venture capital funding the user-friendly apps, bitcoin ATMs, exchanges, and other technology. In 2012 only $2 million was pumped in to the industry. So far in 2015 this has reached $469 million!

Perhaps the last remaining concern for the bitcoin revolution is overcoming volatility, the freak fluctuations in value. Thankfully the facts don’t lie. As the market has grown the impact of panic and large volume trading has lessened. From 2011 to 2015 the line is quite simply going down. For regular traders who exploit volatility this might not be good, but for those who want a simple electronic currency that is out of the reach of the old monetary guard, then we’re on the revolutionary track that Satoshi Nakamoto laid down.

[Za1n]

bitcoin is increasing as average per day, there no dump ever, all those fluctuation are there for accumulation only

if you count since when bitcoin was born, we are actually always increasing, even in 2014 yes...

The bolded part of your quote above is what most people on this forum, or in the larger bitcoin community in general, fail to appreciate. Those with deep pockets and long term timelines do realize this and that is why the next time BTC goes past $1000 it's not coming back. The problem is this doesn't fit within the get rich quick mentalities of most of the people reading this, so there will be plenty more time for gloom and doom before they realize the opportunity they were given but chose to ignore.

[The Sceptical Chymist]

I like that infographic a lot--thanks for posting it.  I was long a bitcoin skeptic and thought for sure back in 2014 that it was going straight to zero.  This was obviously after the crash, after btc reached $1200.  But since then my opinion has changed almost 180 degrees and I bought in. 

Nice to see Mycelium in the wallet list, I'm a fan of that one.

[koshgel]

The article pretty much boils down to Bitcoin growing in every way. As adoption grows and more merchants accept BTC, the more 'powerful' it will become. The ones who say Bitcoin is dead or a ponzi are either spreading FUD or denying the usefulness of Bitcoin in the world economy.

[robelneo]

Great information they are beating visa and master card and some top payment processor in terms of daily transaction values..
Who says bitcoin is dead it is alive and kicking hard..
Hopefully the negative news last month will be the last one that will rock bitcoin so we can just see it's growth which is so great..

[~Bitcoin~]

Great informatic graphical explanation.
I also think blockchain technology or bitcoin will not die but the ongoing sudden dump and pump schemes creating confusion and fear among likely adaptors to start using bitcoin.

[Kakmakr]

The article pretty much boils down to Bitcoin growing in every way. As adoption grows and more merchants accept BTC, the more 'powerful' it will become. The ones who say Bitcoin is dead or a ponzi are either spreading FUD or denying the usefulness of Bitcoin in the world economy.

Those people are ignorant or they are being paid to say that. If you understand the technology and how it works, it just pulls you into the rabbit hole. Why would reputable companies like Microsoft & Banks & NewEgg & Dell, to name but a few, be interested in a Ponzi scheme?  

Bitcoin have been the best performing currency in the world in 2015. That should say a lot. ^wink wink^

[7788bitcoin]

Unfortunately the picture is not complete without the end users- the road has not led to sufficient "USERS" yet...

Infographics are a fantastic way to show newbies why being on Bitcoin is being on the winning team specially long term. I love this one which is a good way to discredit the FUDders that say how Bitcoin "is not growing"



This is great because most people are visual and learn things better if they are explained with nice pictures rather than a bunch of text.

[mtnsaa]

The article and infographic is all fine and dandy but the main problem with Bitcoin is a two sided one. One, its image has been irreversible tainted in my opinion with so many negative comments. Common people only heard the bad stuff for years and that's a fact. Secondly, people don't need it, don't want to use it and frankly they wouldn't know how to use it. Unless Bitcoin creates some actual demand in the near future it is doomed. It can't stay as a speculation product forever.

[Lutzow]

I thought so too, Bitcoin adoption ha always been on the rise which brings more users and more funds to the table. Despite all the scammers out there, its price will just continue to rise. There will always be highs and lows in every market so such price movement like what we're having is quite normal.