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Author Topic: Do you think there's any future in Bitcoin?  (Read 2448 times)
HomerS
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September 02, 2014, 09:33:23 PM
 #41

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

go, and buy some bitcoins, if it will do everyone, the price will go up
give all your money to bitcoin right now !
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virtfund
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September 03, 2014, 12:24:25 AM
 #42

I'm one of the people that believes the price is dropping because merchants are immediately selling BTC that they are being paid in. Massively increases sell pressure without increasing buy pressure.
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September 03, 2014, 12:28:01 AM
 #43

Look at around you, and not the chart.
Are you seeing more and more bitcoin services and companies popping up everyday ? or is it shrinking ?

Look at who is working on Bitcoin now, this is the greatest indicator of tomorrow's adoption.

This is legit. What matters at the end of the day is merchant consumer adoption. All markets are rigged, no exception. Whales manipulate it to get cheap coins, and pump it to sell more expensive coins. Price volatility is irrelegant. On a log scale, BTC only went up so went the % of adoption.
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More merchants accepting bitcoin will not do anything except make it easier to spend bitcoin that holders of bitcon already have. Consumer adoption on the other hand will increase overall demand for bitcoin as they will need to buy it in order to use/spend it.
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September 03, 2014, 06:36:57 AM
 #44

Bitcoins act as seed capital, Bitcoins fuel and propel all the other crypto 2.0 technologies, decentralized companies, etc. It makes no sense sitting on Bitcoins. Bitcoins can potentially give you 1-10x returns over the next 5 years, keeping with inflation or not. But crypto 2.0 technologies and decentralized companies stock can potentially give you 10-1000x returns over the same period.

https://bitcointalk.org/index.php?topic=766406.0
https://bitcointalk.org/index.php?topic=762346.msg8649839#msg8649839
Timetwister
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September 03, 2014, 09:31:30 AM
 #45

we need to bring btc to the mainstream

You can help by giving goods at services in exchange of BTC, while making a discount over other traditional payment methods. That way customers will be encouraged to use it. Like Newegg recently did.
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