Bitcoin has reached the tipping point

[TYDIRocks]

I don't see Bitcoin going away any time soon.

Why not?

if you know anything you know it is fundamentally flawed which has been all but admitted now by the lead developers.

How is it "fundamentally flawed"? Please enlighten me.

[Nullu]

I think bitcoin will worth 1200$ within 1 month.

I highly doubt it.

[waldocarter]

I don't see Bitcoin going away any time soon.

Why not?

if you know anything you know it is fundamentally flawed which has been all but admitted now by the lead developers.

How is it "fundamentally flawed"? Please enlighten me.

Bitcoin detractors will always state that and give 0 facts. Apparently the only non-flawed crypto is their own pump & dump scheme.

[devphp]

Price action gives strong signals. Bitcoin has stagnated, price in USD is not going anywhere. Bitcoiners invest in other technologies, in those that show at least some advancement and progress. 2014 is the year of Bitcoin peak as a technological break-through. Its price may still grow a bit or not, it doesn't matter. It has served its purpose and is quickly turning into a fertilizer for the soil of crypto technologies on which innovations will blossom.

R.I.P Bitcoin. You did good. You will be remembered.

[e1ghtSpace]

I think (more like hope) the price will rise. They always said lots of people used to say "bitcoin will never reach $10" and look where it is now.

[LeChatNoir]

Price action gives strong signals. Bitcoin has stagnated, price in USD is not going anywhere. Bitcoiners invest in other technologies, in those that show at least some advancement and progress. 2014 is the year of Bitcoin peak as a technological break-through. Its price may still grow a bit or not, it doesn't matter. It has served its purpose and is quickly turning into a fertilizer for the soil of crypto technologies on which innovations will blossom.

R.I.P Bitcoin. You did good. You will be remembered.

 

I couldn't have said it better.

R.I.P. Bitcoin

[kattekop]

In good times there's applause, in bad times there's despair.
Profit from despair!

[Coinoman]

Yes. Next step XXXcoin!

[knight22]

Agreed. I also think the tipping point has been reached or at least will be reached in the very near future. A lot of people will most certainly call me crazy, but Bitcoin is dead to me.

O RLY? 
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[Spoetnik]

But it's not the tipping point after which it grows exponentially, no. It's the tipping point where people start fleeing it en masse to other technologies and undervalued cryptos. After all, why would you buy Bitcoin if you can buy something cheaper, which does the same, or even better - if you can buy something cheaper which does the same and then a few other things. Bitcoin was the bootstrapping crypto, now is the time for other technologies to take its place. It won't happen overnight, but the process has begun.

... which does the same

your high on crack buddy  

i think your blind and i bet you suffer from bag holder syndrome.. bullshitting yourself in the hopes of getting rich one day.
i quoted you for a reason
your delusional..

[Amph]

you have a problem reading chart because bitcoin is rising

saying that other coins will surpass bitcoin, when their solely purpose is to make your bitcoin bag bigger, fucking funny

I think bitcoin will worth 1200$ within 1 month.

I highly doubt it.

you would have said the same before the 1000 pump

[JimminyCricket]

https://blockchain.info/charts/n-transactions

Yeah, its flat-lining

[knight22]

https://blockchain.info/charts/n-transactions

Yeah, its flat-lining

Nope, you just have the wrong time frame
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[JimminyCricket]

https://blockchain.info/charts/n-transactions

Yeah, its flat-lining

Nope, you just have the wrong time frame
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

If the median breaks through 80,000 per day, then I'll concede you're right. It looks flat across February - August to me.

[sandpaper]

Sell me all your BTC then for $300 each. Thanks

[pork pie]

I don't see Bitcoin going away any time soon.

Why not?

if you know anything you know it is fundamentally flawed which has been all but admitted now by the lead developers.

They will probably eventually fix any really big problems. The first bitcoin wallets are now unusable because of today's wallet improvements, and I expect today's wallet will be unusable in another five years because the devs will gradually add new improvements.

[25hashcoin]

Not even an original troll post OP. smh.

[Zombier0]

All go For LTC

[rockethead]

https://blockchain.info/charts/n-transactions

Yeah, its flat-lining

Nope, you just have the wrong time frame
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

If the median breaks through 80,000 per day, then I'll concede you're right. It looks flat across February - August to me.

What can be belying about the number of transactions is that BTC may be the entry point from fiat into the crypto world. More transactions do not necessary translate to BTC being well supported. It can also mean that other cryptos may be the reason why BTC is being transacted so much.

What would be interesting is the value of BTC over time AND the number of transactions. If transactions increase but the value of BTC is trending downwards, then it is a signal of the beginning of the end of BTC and it may well be a protracted downtrend.

It is interesting to note that Crypto 2.0 is beginning to take shape with NXt being the first one off the block followed by NEM.

Crypto 2.0 is no more about a coin but more about an ecosystem in which the value of assets in the ecosystem may be more than the value of the coin itself. The purpose of the coin is used to fuel the transactions instead.

[LiberyOrDeath]

But it's not the tipping point after which it grows exponentially, no. It's the tipping point where people start fleeing it en masse to other technologies and undervalued cryptos. After all, why would you buy Bitcoin if you can buy something cheaper, which does the same, or even better - if you can buy something cheaper which does the same and then a few other things. Bitcoin was the bootstrapping crypto, now is the time for other technologies to take its place. It won't happen overnight, but the process has begun.

Has it not occurred to you yet that all the other coins have their value in BTC? Your statement is absurd.

Let me give you an example. There are hundreds of currencies in the world today. Most of them are worthless garbage, and one think they have in common that each currency has its value denominated in USD.

BTC is to altcoins, what USD is to fiat currencies. Capish?