Bitcoin slowly losing its popularity?

[NuclearNarwhal]

And where did you get this information?

[fran2k]

Usual though one have when not surfing all time highs.

[gtraah]

Guys,

We need to remember that BTC at the moment is in the inflation stage so the pressure of the daily minted coins is too much for the small user-base at the moment, there are too many sell orders happening from the miners to pay off there mining investments, this is why I recon the price is like this, I would actually be surprised if BTC booms this year, but I will not SELL !

 In my amateur opinion we will keep seeing this until one of these 2 things happen

 1 - User-base increases by quite a bit!

 2 - Reward halves & Difficulty rises reducing the coins being minted, by this time it may smooth out the amount of coins coming out which reduces sell orders & hopefully buy orders start to overpower.

[AdamSmith]

It is gaining popularity with the group that matter (loaded with cash).

Pointless to advertise it to kids and 3rd world. Should target wall street and people that matter.

[leex1528]

It is gaining popularity with the group that matter (loaded with cash).

Pointless to advertise it to kids and 3rd world. Should target wall street and people that matter.

Why do you think its pointless to advertise it to kids and 3rd world?  What if the 3rd world country has a computer...(usually they do) and you can get everyone to use it to collect faucets, sig payments...imagine if they could raise .2BTC or something...that would do that wonders!

I think kids would really enjoy it too...


As far as popular goes, why do you think it only is gaining popular with the people loaded with cash?  I think a lot of us aren't loaded and we are all here...

[LiteCoinGuy]

no.

https://bitcointalk.org/index.php?topic=718863.0

[x8008]

are bitcoins days limited?

[BitcoinMillionaire]

Bitcoin is only just starting its engines, man! There's still so much room left for growth! I suggest everyone just invest some money, and if they just keep it in a cold wallet, they may be BitcoinMillionaires some day! Haha!

[beetcoin]

people expect bitcoin to grow exponentially, so when it grows at a decent pace, they start to panic and think that it is dying. also, people who are looking to get rich quick look at the price only, and ignore everything else.

[Meuh6879]

loose what ? https://bitcoinaverage.com/charts#EUR-averages-all
It raise ... every MONTHS now.

[beetcoin]

loose what ? https://bitcoinaverage.com/charts#EUR-averages-all
It raise ... every MONTHS now.

that graph looks wrong to me, or at least the euro has weakened sigfnicantly this past year. how could bitcoin have been 425 euros in november last year? was 1 euro worth 3 times what the dollar was?

[twiifm]

Its losing its novelty.   Such a pain to use

[Razick]

bitcoin is not losing popularity. and this is the 3rd FUD topic trying to push this falacy onto the community.

but i guess the OP just wants a price crash to buy in cheap.. without realising that waiting for a $1-$500 bitcoin and not buying in now, will simply mean they will regret it when it gets to $1000 and they didnt make the 80%+ profit in just a few months.

alot of people complained in march about the low price and saying it was gonna fall.. they missed the $450 boat and when it got to $650 they whinged they missed out on the 50%

I have seen posts like this since I started following Bitcoin. It's just sad to insult someone and assume their motives are crooked just because they might know less about, or think differently about Bitcoin.

Now to answer the OP's question I think Bitcoin is growing quickly. When I first talked about Bitcoin to my friends just a year and a half ago, they gave me funny looks. Now they nod knowingly and surprise me with how much they know. I sold Bitcoin to a friend of mine just a few days ago.

We've gotten a ton of media attention, and in a few short months, we've had Dish Network, Dell and Expedia begin accepting Bitcoin, along with hundreds if not thousands of smaller merchants. I've been a bear for much of Bitcoin's history (I felt it was overpriced), but I've never been more bullish: The price is only half of its peak, and we're in a much better position now then we were: The exchange infrastructure is much stronger (losing MtGox and Bitfloor hurt, I lost all of my Bitcoins, but it needed to happen) now, and we're seeing a lot of growth in acceptance and services. That's not to mention that when I first bought Bitcoin in early 2013 many of us weren't even sure it was legal.

I have a few concerns long term, but the next couple years should be great for Bitcoin.

[TaunSew]

It's all the merchants.  As soon as the merchants get their hand on BTC - they fire sell at the minimum prices to get $Fiat to pay their taxes, overhead and employee salaries.

Bitcoin will only continue to go down when more merchants adopt it and the BTC whales dump their coins for goods and services.

[davida]

My advice.... Don't trust the opinion of anyone who can't spell 'losing'.

[DavidHume]

Getting too expensive for small time players to own bitcoin.

[Possum577]

Trying to use the past to predict the future of a volatile commodity like bitcoin is an exercise in futility.

You sure about that? The pattern seems easily recognizable to me.



FYI I dumped my life savings in the middle between the two red boxes. No regrets.

That IS a sexy chart! I would date that chart...

But, remember that past performance is not indicative of future results. Sounds like you, personally, are doing quite well with it...

[devphp]

It's not losing popularity, but it's not gaining it fast enough for the price to reflect it.

There are two scenarios I envisage for the near future.

Optimistic: price stays around $550-650 for the next 2 months and then starts slow gradual rise to the previous ATH ($1000-1200) and will reach it by summer 2015.

Pessimistic: price goes to $400-450 where it finds strong support, and then starts slower gradual rise to the previous ATH ($1000-1200) and will reach it by the end of 2015.

Could be somewhere in between these two scenarios.

[keithers]

Popularity can be guaged by the rate at which merchants are choosing to accept BTC as a payment option. This is because they are being asked by their customers, or they realize that it means more profits to them.

[notbatman]

ok, we're on page #2 before anybody noticed the spelling was off and the comment that the price of bitcoin is too high and people can't afford it? lol

You've been trolled!