Is Bitcoin fading away?

[Dogtanian]

So linking Bitcoin to gold may be a good idea.

You got it backwards. Gold should be linked to bitcoin. I have no use for gold in my day to day life. With bitcoin, I can easily buy anything I need, pizza, cars, computers, etc. With gold, I can hide it in a safe and that's about it. It's not easily divisible. It's not easily transferred. It's generally useless in day to day activities.

I don't understand why it needs to be linked to anything? Can some people really just not get over the fact that not everything needs to be backed by something physical? Cash isn't either but people seem to use that ok. Gold is just not useful as a currency at all. Bitcoin is far better, but if you want to hold something physical buy gold instead.

[sdersdf2]

I think it feels a bit that way because the price has not been doing anything spectacular. Also, people who were maybe thinking about Bitcoin are just getting lazy again and rationalizing to themselves how their money is safe in the bank. We just need some news of bank bail-outs, bail-ins, or some other trigger and it'll wake people up to Bitcoin again. 

True - the Cyprus bail-in did wonders for bitcoin back when it happened.

[alani123]

I think it feels a bit that way because the price has not been doing anything spectacular. Also, people who were maybe thinking about Bitcoin are just getting lazy again and rationalizing to themselves how their money is safe in the bank. We just need some news of bank bail-outs, bail-ins, or some other trigger and it'll wake people up to Bitcoin again. 

True - the Cyprus bail-in did wonders for bitcoin back when it happened.

That is  so true yes such a small number of bitcoin users remember it. I as a Greek was surprised that local media had no coverage on that matter.

[swiss-miner]

it cannot fade away, i just bought my bitcoin miner, still shipping ..

[jjc326]

I think it feels a bit that way because the price has not been doing anything spectacular. Also, people who were maybe thinking about Bitcoin are just getting lazy again and rationalizing to themselves how their money is safe in the bank. We just need some news of bank bail-outs, bail-ins, or some other trigger and it'll wake people up to Bitcoin again. 

True - the Cyprus bail-in did wonders for bitcoin back when it happened.

That is  so true yes such a small number of bitcoin users remember it. I as a Greek was surprised that local media had no coverage on that matter.

I agree too.  Not many people related it to that Cyprus fiasco but I think they were very correlated.  And, I think something like the Cyprus deal will happen again relatively soon, and it might be worse, so that could cause the BTC price to spike.

[Meuh6879]

I as a Greek was surprised that local media had no coverage on that matter.

Greek have no media, now ... 

[ensurance982]

I think it feels a bit that way because the price has not been doing anything spectacular. Also, people who were maybe thinking about Bitcoin are just getting lazy again and rationalizing to themselves how their money is safe in the bank. We just need some news of bank bail-outs, bail-ins, or some other trigger and it'll wake people up to Bitcoin again. 

True - the Cyprus bail-in did wonders for bitcoin back when it happened.

That is  so true yes such a small number of bitcoin users remember it. I as a Greek was surprised that local media had no coverage on that matter.

I agree too.  Not many people related it to that Cyprus fiasco but I think they were very correlated.  And, I think something like the Cyprus deal will happen again relatively soon, and it might be worse, so that could cause the BTC price to spike.

But we do need competent people building those companies. If the companies goes bankrupt after a month, we can just skip the whole endeavor and be done with it!

[Harley997]

It cant and will not fade away, I want to be able to live completely and independently on bitcoin, even if its 10, 15, 20 years

[allswl]

No way is Bitcoin going away. Just pick up the newspaper or search online. The thing is Bitcoin is what the masses worldwide want especially since it is so difficult to pay for things without restrictions in some countries. The value of Bitcoin has been moving in an upward trend and as things go by, it will likely level off in the near future.

[slaveforanunnak1]

Observing for these months, my strongest feeling is that Bitcoin is fading away with no material object backup. Apart from the geeks, ordinary people who first know about Bitcoin always say "this matter is vague and insubstantial".

Geeks have confidence in crypto-algorithms but ordinary people don't.

So linking Bitcoin to gold may be a good idea.

No!

[Ektra]

The proof that it is not fading away is that there is a constant stream of newbs coming to these boards and posting fudsy threads such as these.

[Yakamoto]

The proof that it is not fading away is that there is a constant stream of newbs coming to these boards and posting fudsy threads such as these.

Pretty much what I'm thinking.

Bitcoin will be fading away from the mainstream media, because we haven't had any massive swings in recent months. Or any big collapses. Those are what gets the media's attention.

Plus, after the original coverage of the $1,000 spike, even though it was followed by Mt. Gox, more and more people started searching for Bitcoin, which was not what the corporations wanted. They're going to broadcast the bad about it, but you'll rarely see the good from now on.

We're still going strong, don't worry. 

[ChuckBuck]

Bitcoin isn't fading away, it's sticking around, but needs to get over the hump for true acceptance with the masses.

Need that one spark (acceptance from eBay, Amazon, Facebook, major advertisement campaign, famous sponsored athlete etc) that'll provide the domino effect for Bitcoin to be successful.

Still hasn't happened yet.

[atc1]

The main feature of bitcoin is being decentralized, turning it into e-gold would be killing it.

Yeah,I remember OSGold. It was supposed to be based off E-Gold,but turned out to be a ponzi scheme exploiting the craze of the e-gold rush. People still remember what happened it and would'nt come close to it if is somehow became centralized. Of course,the present algorithm makes it impossible to do such a thing.

[littlewizard]

It is growing in its early stage, rather than fading away
More and more people are beginning to accept it.

[Magic8Ball]

Its still on an upward phase. Each day new retailers are accepting it and its getting more mainstream. I can actually mention the word Bitcoin no and not have people staring blankly back at me.

[counter]

If by fading away you mean in the sense the rocket ship fades away in the sky as it ascends to the heavens..?  Then yes yes you're correct Bitcoin is "fading away" at a rapid pace.  

[doubleredrolex]

How could it be fading away with huge companies like DELL just starting to use it. Come on, think about it.

[LiteCoinGuy]

Observing for these months, my strongest feeling is that Bitcoin is fading away with no material object backup. Apart from the geeks, ordinary people who first know about Bitcoin always say "this matter is vague and insubstantial".

Geeks have confidence in crypto-algorithms but ordinary people don't.

man, i love this meme  !

[Jamie_Boulder]

Not a chance, the amount of BTC based start-ups and growing interest has never been higher...