Bitcoin slowly losing its popularity?

[misterbowls]

Part of the problem is that bitcoin has lost a lot of speculative popularity but as far as adoption #s it has grown.

Then you have other up and coming currencies that actually improve on bitcoin signficantly.  Bitcoin pays 10% to the miners who don't even improve the software.  So it has no chance for innovation and things needed to grow. 

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[amylisa]

in my current knowledge, bitcoin not losing it's popularity right now (at least for my country)
there are many newcomer and the old one still struggle in the bitcoin's field, especially when stellar and captcoin came to existance, it was like a bomb

many bitcoin thread in my hyip country's forum, and individual who sell their stuff for BTC start to increasing, I think they just want as many BTC so they can sell it when BTC rate increase because of the insane of difficulty increase

[Chompa]

Typical trollthread in which the OP wishes to induce reactions from bitcoin fans. Reverse tactics.

[Puppet]

Bitcoin price dropping and gaining popularity are not mutually exclusive. I think both are happening and they are linked.

Nowadays you can actually spend your bitcoins in so many places, people who have a sizable stash have more incentive to actually use them. I know I do. I can now pay my home delivery pizza with bitcoin, my phone bill, my computer gear, my e-cigs, my 3D printer supplies, .. I could only dream of that a few years ago. So I do it. Of course all the places where I spend my coins, they use coinbase or bitpay and they get paid out in euro/dollar, so all my bitcoin purchases end up being bitcoin sales depressing the price, since IM not replenishing my stash. Im sure many (large) BTC holders are doing the same thing.

[Lauda]

Bitcoin price dropping and gaining popularity are not mutually exclusive. I think both are happening and they are linked.

Nowadays you can actually spend your bitcoins in so many places, people who have a sizable stash have more incentive to actually use them. I know I do. I can now pay my home delivery pizza with bitcoin, my phone bill, my computer gear, my e-cigs, my 3D printer supplies, .. I could only dream of that a few years ago. So I do it. Of course all the places where I spend my coins, they use coinbase or bitpay and they get paid out in euro/dollar, so all my bitcoin purchases end up being bitcoin sales depressing the price, since IM not replenishing my stash. Im sure many (large) BTC holders are doing the same thing.

Indeed, even at the last rally ($1.2k) there wasn't that many places to spend it at than there are now.
The problem is that we need more merchants that keep the coins, even a % like Overclockers will do for now. I'm more worried about adoption that the current price. We might see a rally before 2015, we might not. That's not even that important right now.

[Talukdar001]

I think the main reason is lot of Altcoin is out there and also the difficulty level of BTC mining.

[DDuckworth]

I sure as hell hope not, considering I just launched a business based around it...

[l3sny]

The next thing triggering price move is the deepening of the financial crisis. I think SHTF around late September to mid October.
And this time BTC will go really really high!

[Jamie_Boulder]

Not a chance, it'll fade when it's a symbol of everyday life and nobody finds stuff like "Dell accept bitcoins!" amazing, just like the internet.

[itsAj]

Bitcoin price dropping and gaining popularity are not mutually exclusive. I think both are happening and they are linked.

Nowadays you can actually spend your bitcoins in so many places, people who have a sizable stash have more incentive to actually use them. I know I do. I can now pay my home delivery pizza with bitcoin, my phone bill, my computer gear, my e-cigs, my 3D printer supplies, .. I could only dream of that a few years ago. So I do it. Of course all the places where I spend my coins, they use coinbase or bitpay and they get paid out in euro/dollar, so all my bitcoin purchases end up being bitcoin sales depressing the price, since IM not replenishing my stash. Im sure many (large) BTC holders are doing the same thing.

Indeed, even at the last rally ($1.2k) there wasn't that many places to spend it at than there are now.
The problem is that we need more merchants that keep the coins, even a % like Overclockers will do for now. I'm more worried about adoption that the current price. We might see a rally before 2015, we might not. That's not even that important right now.

I don't think we need so much merchants that will keep/hoard their coins. This is really nothing different then individuals holding their coins. What needs to happen is for more businesses to pay other businesses in bitcoin. This really is what overstock is doing with the bitcoin they are holding (or at least some of it). There have been reports that overstock is going to be paying their employees' bonuses in BTC, and I would say this is certainly a step in the right direction.

[bitkilo]

We need more take away and home delivery food places to start accecpting btc.
I wanted food for btc last night and not 1 place in my area delivers.

[onezerobit]

We need more take away and home delivery food places to start accecpting btc.
I wanted food for btc last night and not 1 place in my area delivers.

Why not start a little small with the Tips with the delivery guys, or the waiters....if they start accepting BTC, you are one step closer to get food delivered with BTC....interesting?

[Bitware]

thoughts?

One year ago, BTC price was $113 USD and today, BTC price was $506 USD... a 348% increase.

One year ago, BTC volume was 0.012k and today BTC volume was 0.051k... a 325% increase.

http://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-08-25zeg2013-08-25ztgSzm1g10zm2g25zv

[Coinshot]

Popularity is higher than ever. Bitcoin is just at the start and will explode soon.

[Lauda]

You look at the rich list on blockchain.info, it's easy to realise how bitcoin is in the hands of a few people, positive aspect if you want to manipulate it, negative if you want massime adoption: can you imagine a coin you will be lucky to own one in your life? With 21 million and billions of people, it's mathematically impossibile every one will own 1 bitcoin in the near future. The risk people will switch to a more liquid coin.

This is nonsense as well. This is why there is 1 'satoshi'. Your argument is invalid. (Even so, let's worry about this after we actually HAVE 21 million people using bitcoin)
Everyone can have plenty of them.  

[Valerian77]

Not a chance, it'll fade when it's a symbol of everyday life and nobody finds stuff like "Dell accept bitcoins!" amazing, just like the internet.

Very unlikely. Probably it will be more popular than ever when it is accepted as a medium of value storage like gold. Currently the overall situation and very negative press and events prevent this. But if more regulation comes and legalisation is clear it will come.

[pythonista]

People have just had enough of Bitcoin's 10%/year inflation, which was fine when there was lots of new money coming into the system, but its not OK now.

These days people want to receive dividends for holding crypto, for example BitSharesX has got the right economic model. It destroys transaction fees giving holders implicit dividends.

[FuckItWhatever]

We need eBay. It's eBay or death.

[l3sny]

We may reach the level mining will not be productive anymore like in 2011. e-bay would change everything no doubt but it will take a bit of time.

[Lauda]

We may reach the level mining will not be productive anymore like in 2011. e-bay would change everything no doubt but it will take a bit of time.

I think due to the competition between Ebay, Amazon and their likes, we just need 1 of them to accept it first.
If Ebay/Amazon took the first step, I'm sure that the other one would follow. Everything would change if they both accepted it.