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Author Topic: Do you think there's any future in Bitcoin?  (Read 2594 times)
Rigon (OP)
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August 19, 2014, 11:06:04 AM
 #1

The price is dropping for no reason. Some says its falling out of favor since public interest is waning, some say its just maturing.
Rigon (OP)
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August 19, 2014, 11:15:18 AM
 #2

Either way, onced it hits a certain level, it will trigger a massive sell off which will further push the price down, or even cause a crash. My prediction for that level is somewhere around $200-300 where the bitcoin fever started picking up last year
zeroday
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August 19, 2014, 11:30:08 AM
 #3

You will probably better understand the future of bitcoin when your bank collapses and will be bailed-in with creditor's money
noviapriani
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August 19, 2014, 02:26:10 PM
 #4

Public confidence in it has been dropping after the whole Mt Gox thing. On top of that, you have people investing in other bitcoin alternatives without the same success that bitcoin had.

hua_hui
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August 19, 2014, 02:32:50 PM
 #5

Public confidence in it has been dropping after the whole Mt Gox thing. On top of that, you have people investing in other bitcoin alternatives without the same success that bitcoin had.
MtGox happened quite a long time ago, which has nothing to do with the collapse of the price this time.
GogglesPisano
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August 19, 2014, 02:49:00 PM
 #6

You will probably better understand the future of bitcoin when your bank collapses and will be bailed-in with creditor's money

+1000!

Bitcoin is just like gold and silver in the sense that there will be manipulation, FUD and price smashes until one day the music stops and people will quickly learn the true value of having monetary instruments that are actually in your possession.

Ayers
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August 19, 2014, 03:02:18 PM
 #7

if bitcoin stay only for speculation purpose i don't see a bright future honestly, need to be used as a true currency

Soccruo
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August 19, 2014, 03:29:52 PM
 #8

Bitcoin will be the currency which will substitute FIAT in every country, this is the future.

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cr1776
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August 19, 2014, 03:51:18 PM
 #9

Public confidence in it has been dropping after the whole Mt Gox thing. On top of that, you have people investing in other bitcoin alternatives without the same success that bitcoin had.

People who don't understand that Mt Gox is not bitcoin are pretty dumb - particularly reporters.  It is like saying "public confidence in the dollar has been dropping since the convenience store got robbed."

CryptInvest
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August 19, 2014, 05:45:00 PM
 #10

Price fluctuations at this stage do not matter. Cost Bitcoin tends to recover quickly. The most important thing to functioning network and growing infrastructure, and the price over time highs.
azguard
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August 19, 2014, 06:14:42 PM
 #11

Still price have to go down from time to time so it can jump again. This is normal only some1 or somebody had panic and then we have this.

This will be future in all day paying just need more time for this and fixed price. For price i cant be sure for other yes.

There are a lot sites that accept btc for payment so 1 step up.



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umair127
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August 19, 2014, 06:18:04 PM
 #12

I do not think there is a future in Bitcoin as any form of mainstream currency. I do think it will survive, but it will always be a niche for speculators and misfits.

LiteCoinGuy
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August 19, 2014, 11:47:14 PM
 #13

The price is dropping for no reason. Some says its falling out of favor since public interest is waning, some say its just maturing.

it has no future. lost all advantages in the last 2 days. i sold all and will move to ripple

cryptofan5
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August 20, 2014, 12:33:45 AM
 #14

It may go down to $300 range before slowly climbing up again.
Fog Fence
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August 20, 2014, 05:15:02 AM
 #15

Yes, it has a future as a powerful niche. But perspective is key. Bitcoin is a cool ecosystem, but it's not going to save the world or radically overhaul the economy. Some of the early stage propaganda reads like people thought BTC would change the entire economic system by itself. It's good that the enthusiasm is waning, and it's entering a maturing phase.

If you really want to cause social change, (some alt currency types claim they do), crowdfunding is a much more powerful engine. The bedrock of any genuine economy is food, water, energy and innovation. Currency is seconday.

0.2
giveBTCpls
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August 20, 2014, 10:38:04 AM
 #16

You will probably better understand the future of bitcoin when your bank collapses and will be bailed-in with creditor's money

People need a big bitch slap (a couple more) by the banks so they understand how Bitcoin can be useful for them. Then maybe we start getting mainstream adoption.

cinder
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August 20, 2014, 11:50:20 AM
 #17

Public confidence in it has been dropping after the whole Mt Gox thing. On top of that, you have people investing in other bitcoin alternatives without the same success that bitcoin had.
MtGox happened quite a long time ago, which has nothing to do with the collapse of the price this time.

The case is still on going.

An average consumer will want to know how the law will protect them in this kind of situation.
Ayers
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August 20, 2014, 02:39:35 PM
 #18

why there shouldn't be a future, only because of the recent dump? dump happen all the time, they are no a reason to not believe in bitcoin

Sunderland
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August 20, 2014, 03:01:16 PM
 #19

shit happen sometimes
but yes bitcoin has a good future more than other shittycoins

back to work
Foxxyfox
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August 20, 2014, 03:29:52 PM
 #20

shit happen sometimes
but yes bitcoin has a good future more than other shittycoins
price go up and down dont be worried about it the direction is up of course in the long term like always
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