Acceptance of Bitcoin Grows, as Does Wariness of Digital Currency

[cryptocurrencylive]

Acceptance of Bitcoin Grows, as Does Wariness of Digital Currency

http://www.boston.com/business/technology/2014/07/08/acceptance-bitcoin-grows-does-wariness-digital-currency/RLdNJ3bgvEc5Iu1kSbztpJ/story.html

[ronskii]

Great. Although all these good news dont seem to move the market..

[theblacksquid]

Great. Although all these good news dont seem to move the market..

Unfortunately true, the ISIS CoinDesk article put a halt on the market rally from it's steady 630-650 rise.

[Chef Ramsay]

Great. Although all these good news dont seem to move the market..

Keep in mind it's quite a leap for the average person to wrap their mind around Bitcoin so it'll take some time between them first hearing about it, then seeing the FUD and then finally coming around and embracing it. As more places offer discounts for using Bitcoin as payment, you'll continue to see more people using it. Many people go 18 years before they pop their cherry, just give it some time and things will unfold accordingly.

[QuestionAuthority]

The majority (56 percent) of those polled said they knew ‘‘nothing at all’’ about the currency. Nearly half (47 percent) of respondents said that the U.S. government should not allow people to use bitcoins to purchase goods and services.

Does anyone but me see a numbers problem here? 56+47=103%

ROLF

Newlyweds know nothing at all about sex so the U.S. government should not allow people to have sex.

[Ektra]

The majority (56 percent) of those polled said they knew ‘‘nothing at all’’ about the currency. Nearly half (47 percent) of respondents said that the U.S. government should not allow people to use bitcoins to purchase goods and services.

Does anyone but me see a numbers problem here? 56+47=103%

Would assume those percentages relate to different questions.

Article is quite crappy but at least it has some vaguely educational info on bitcoin at the end which might help encourage some more open minded readers.

[Beliathon]

Great. Although all these good news dont seem to move the market..

Stop checking the weather every two seconds and let's talk about the climate change. It's much more important you know.

[jonald_fyookball]

good news and merchant adoption won't move the price all that much.
big price needs big money.  displacement of gold market, hedge funds, and mass adoption.
not to worry, all in due time.

[devphp]

Great. Although all these good news dont seem to move the market..

Stop checking the weather every two seconds and let's talk about the climate change. It's much more important you know.

That picture is stuck in April, is there an update up to today? Looks like if you project the price action to July, it will be out of that uptrending green channel, broken to the downside, or at least sideways, but still out of the green channel.

[devphp]

Who can update the picture?

[InwardContour]

Even if the price is dropping in these weeks, if we look at the charts it's clear that we are still following the previous bubbles pattern.
There's some more time to wait for the next rally, but with the adoption growing everyday won't be so far.

[devphp]

Even if the price is dropping in these weeks, if we look at the charts it's clear that we are still following the previous bubbles pattern.
There's some more time to wait for the next rally, but with the adoption growing everyday won't be so far.

Time frames between previous bubble were shorter (~5 months), this extended period (over 8 months) of sideways price action means the pattern of bubbles is broken. Some other pattern has started to form.

[Ayers]

Great. Although all these good news dont seem to move the market..

Stop checking the weather every two seconds and let's talk about the climate change. It's much more important you know.

That picture is stuck in April, is there an update up to today? Looks like if you project the price action to July, it will be out of that uptrending green channel, broken to the downside, or at least sideways, but still out of the green channel.

well the average per year is rising for sure, that's what matters, as long as this is the trend you can be assure we are in the good track