How True that Bitcoin is Failing

[martinnew]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

[CoinRocka]

Bitcoin has been relatively stable for the better part of 2014.  Remember the context of the word "stable" with respect to how new and volatile cryptos are.  Stability is good, adoption is happening...we have just entered the early adopters stage of the cycle.

In ten years we will look back at the price today and /facepalm...

[Hash72]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

No one can tell you what is going to happen do you know why??? ..Answer : Because Bitcoins and Crypto-world is always unexpectable .

[NorTiaN]

Bitcoin is the start of something new and great. Great future with great possibilities. It has, however, some nasty enemies...
It sure gonna be an hell of a ride!!

[beatljuice]

If the question is whether it is currently failing I have to say absolutely not. More and more people are using it every day. The value compared to fiat is only one (small) indicator of its success.

If the question is whether it will fail in the future, who knows.

In my experience the people who say "Bitcoin is failing" or "Bitcoin is a fad" are not very well educated about how Bitcoin works. That doesn't mean they are wrong, but I'm going with the people that understand the technology, and they almost unanimously think it, or something like it, will change the world.

[AMVM]

Always remember that BTC is an experiment so there's no such thing as failure.

Main stream media will tell what they want you to hear.
BTC dev's won't tell you that bitcoin is safe investment.
See the difference here?

[johny08]

Bitcoin has been relatively stable for the better part of 2014.  Remember the context of the word "stable" with respect to how new and volatile cryptos are.  Stability is good, adoption is happening...we have just entered the early adopters stage of the cycle.

In ten years we will look back at the price today and /facepalm...

Why do you think that the price of a bitcoin has be higher as now? seriously.

because its limited? because the difficulty rising? because bitcoins a block get reduced? that arguments is hard to hold seeing other blockchains popping up and the bitcoin is technology driven, which is getting better and better. I dont think its necessary to increase the price of a bitcoin as its a value of code. Whats the price of a calculated code? The hardware and and the electricity.

The only thing to believe, bitcoin will unfold 10x in value, if you see it as art. Can a code be art? Something you are staring at and its giving you a beautyfull feeling. Ehmmmmm.  Maybe for geeks, technofreaks, but even then its hard to believe human kind will change so dramaticly in 10 years.

i think its going to be cheaper to create a bitcoin on a blockchain and on the other hand when the demand is growing, then the price should stay stable. So lets go to the fuuutere

[podyx]

Always remember that BTC is an experiment so there's no such thing as failure.

Main stream media will tell what they want you to hear.
BTC dev's won't tell you that bitcoin is safe investment.
See the difference here?

BTC dev's don't really have a clue about economics, nor do they have a vision for the future

Most dev's didn't even think we were gonna reach $1/bitcoin

[martinnew]

Bitcoin has been relatively stable for the better part of 2014.  Remember the context of the word "stable" with respect to how new and volatile cryptos are.  Stability is good, adoption is happening...we have just entered the early adopters stage of the cycle.

In ten years we will look back at the price today and /facepalm...

Stable is already a good thing. Would also like to ask the current value of BTC?

[gentlemand]

Bitcoin has been relatively stable for the better part of 2014.  Remember the context of the word "stable" with respect to how new and volatile cryptos are.  Stability is good, adoption is happening...we have just entered the early adopters stage of the cycle.

In ten years we will look back at the price today and /facepalm...

Why do you think that the price of a bitcoin has be higher as now? seriously.

because its limited? because the difficulty rising? because bitcoins a block get reduced? that arguments is hard to hold seeing other blockchains popping up and the bitcoin is technology driven, which is getting better and better. I dont think its necessary to increase the price of a bitcoin as its a value of code. Whats the price of a calculated code? The hardware and and the electricity.

The only thing to believe, bitcoin will unfold 10x in value, if you see it as art. Can a code be art? Something you are staring at and its giving you a beautyfull feeling. Ehmmmmm.  Maybe for geeks, technofreaks, but even then its hard to believe human kind will change so dramaticly in 10 years.

i think its going to be cheaper to create a bitcoin on a blockchain and on the other hand when the demand is growing, then the price should stay stable. So lets go to the fuuutere

For it to be used by a large chunk of people around the world on a regular basis the value has to be higher. If it wasn't then a few reasonably sized transactions would paralyse the market and it wouldn't be of practical use to anyone.

[TERA]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

What are you reading? Is it about technical reasons that Bitcoin is failing or just price action?

[martinnew]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

What are you reading? Is it about technical reasons that Bitcoin is failing or just price action?

According to what I have read. Failing because of security reasons, lots of hacked accounts that could cause some to leave BTC. That could also cause deflation.

[gentlemand]

That's always been the case. I'm sure it has caused people to leave it behind or not even begin in the first place. A lot of people are working on more secure solutions.

[TERA]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

What are you reading? Is it about technical reasons that Bitcoin is failing or just price action?

According to what I have read. Failing because of security reasons, lots of hacked accounts that could cause some to leave BTC. That could also cause deflation.

By hacked accounts, are you talking about actual bitcoin wallets or are you talking about some web service that is not bitcoin? - if so, how is that a failure of bitcoin?

[martinnew]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

What are you reading? Is it about technical reasons that Bitcoin is failing or just price action?

According to what I have read. Failing because of security reasons, lots of hacked accounts that could cause some to leave BTC. That could also cause deflation.

By hacked accounts, are you talking about actual bitcoin wallets or are you talking about some web service that is not bitcoin? - if so, how is that a failure of bitcoin?

"Some says it is already failing" that is why I want some confirmations here. I think they are talking about the actual Bitcoin wallets.

[Nikinger]

Bitcoin doesn't fail because the P2P and blockchain system still works as expected. The price justs falls.

[LOADING.READY.RUN]

"Some says it is already failing" that is why I want some confirmations here. I think they are talking about the actual Bitcoin wallets.

"Some says it is already failing" is worth nothing without any quote or a link.

In the last couple of months the technical problems of some 1st generation BTC businesses has led to problems (first and foremost Mt.Gox), but that doesn't mean Bitcoin itself is a failure. It's digital cash and it can be stolen as easily as cash. If an online company doesn't take the necessary security measures seriously, well you know what can happen then.

Ultimately these cases lead to a loss of confidence which in turn lets the BTC price go down. However, the current downtrend is still normal market behaviour after a violent run-up like we had in November.

Don't forget the big increase in retailer adoption -- in the last six months a couple of large companies have added Bitcoin to their payment options, most prominently  Overstock.com in January, but more followed. For now this was overshadowed by the bear market, but in the long run it makes BTC increasingly useful for everyday payments which will eventually lead to further increases in BTC price.

[Ibian]

I started to read more and more about Bitcoins to know more about it. Some says it is already failing and some says it is hitting high. Those who are experts in Bitcoin, what is the current truth?

What are you reading? Is it about technical reasons that Bitcoin is failing or just price action?

According to what I have read. Failing because of security reasons, lots of hacked accounts that could cause some to leave BTC. That could also cause deflation.

By hacked accounts, are you talking about actual bitcoin wallets or are you talking about some web service that is not bitcoin? - if so, how is that a failure of bitcoin?

"Some says it is already failing" that is why I want some confirmations here. I think they are talking about the actual Bitcoin wallets.

Provide some links.

[UglyTroll]

Scheme is not sustainable. It doesn't matter how high the price goes, once most of the Bitcoin supporters jump on the boat, the buying power will get lower. Since less and less people buying coins, those sellers will have to lower the price a lot to sell, eventually price will collapse. When collapsing happens, it should be very fast. A scheme will never get unlimited supporters, that's why it's not sustainable.

[Ibian]

I think we have a sockpuppet.