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Bitcoin Forum > Other > Beginners & Help (Moderators: MiningBuddy, Mitchell) > Why are people losing faith?
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bithobo
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December 19, 2011, 05:20:25 PM
 #41
Quote from: sabiWabi on November 09, 2011, 03:02:19 AM
I know skepticism is healthy, but why are people so quick in jumping off the bitcoin ship?

AFAIK, bitcoin had a quick boom and an even quicker fall this year. But, now it's actually more valuable then before the boom. Newbs can lose faith when they realize that they can't have a bank protecting them because they are their own banks
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December 19, 2011, 06:21:09 PM
 #42
Quote from: bithobo on December 19, 2011, 05:20:25 PM
Quote from: sabiWabi on November 09, 2011, 03:02:19 AM
I know skepticism is healthy, but why are people so quick in jumping off the bitcoin ship?

AFAIK, bitcoin had a quick boom and an even quicker fall this year. But, now it's actually more valuable then before the boom. Newbs can lose faith when they realize that they can't have a bank protecting them because they are their own banks
This is very true. Now it can be used for MUCH MORE things than before the boom
bithobo
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December 19, 2011, 07:09:19 PM
 #43
Does this really look like a doomed currency to anyone?
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
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December 19, 2011, 07:12:05 PM
 #44
Quote from: bithobo on December 19, 2011, 07:09:19 PM
Does this really look like a doomed currency to anyone?
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Compared to what?
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bithobo
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December 19, 2011, 08:44:24 PM
 #45
Quote from: Flip Tulipcoin on December 19, 2011, 07:12:05 PM
Compared to what?

Bunnies!
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December 19, 2011, 09:10:32 PM
 #46
Quote from: bithobo on December 19, 2011, 08:44:24 PM
Quote from: Flip Tulipcoin on December 19, 2011, 07:12:05 PM
Compared to what?

Bunnies!
I understand completely. Thank you.
It's time for the U.S. to throw Israel under the bus. The pure avarice of a colonial land grab by European colonists after WWII has nothing to do with religious tolerance or freedom, to the contrary, it mocks both by hiding behind them.
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December 20, 2011, 11:42:50 AM
 #47
Some people are just impatient i guess, not only because they lose their faith.
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January 03, 2012, 06:39:44 AM
 #48
The bust from $30 to $2.30 and all the scams are a little disheartening.
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January 03, 2012, 06:41:14 AM
 #49
Because too few developers.  Angry
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January 03, 2012, 06:46:13 AM
 #50
Quote from: bithobo on December 19, 2011, 07:09:19 PM
Does this really look like a doomed currency to anyone?
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

The first time the value hit $5 it hit $30 within a month!
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