How True that Bitcoin is Failing

[wanna4fun]

Bitcoin is supported by bunch of what(college kids?)

No, the average age of Bitcoiners is over 30 years.

What Bitcoin is supported by is a decentralized open-source network capable of over 60 petahashes per second, the most powerful computer entity in history.

As trolls go, you're pretty lame. Try again.

all that power and it's only capable of a limited amount of transfers per minute and has other scalability issues as well

when I wire with the banking system it takes 2/3 days and for some people it can cost up to 1$. wow, such speed; so cheap !

[Jonivdb]

The price is dropping because:
- Early backers are leaving
- no new money coming in because basicly all news regarding bitcoin is bad currently

Furthermore there is a lack of interest in bitcoin for the general public. There has been a drop in volume for months already.
The volume of bitcoin is about 4 times the volume of litecoin, but it's price is 43 times higher, so something is seriously wrong there.

I found the volume, or lack of it, can be a good indicator for the future price of coins. I watched it happen to enough "promosing" upcomming altcoins, when the volume started to drop the price would follow.

Sudden rise in volume usually means an upcomming pump or dump. Or a pump followed by a dump.

[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.

Provide some links.

Here are some links I just found online;
http://dealbook.nytimes.com/2013/11/27/a-prediction-bitcoin-is-doomed-to-fail/?_php=true&_type=blogs&_r=0

http://techcrunch.com/2014/03/04/fools-and-their-bitcoin/