Bitcoin craze dying down?

[DaveSaldana123]

Not from where Im sitting right now.

[DaveSaldana123]

I think so yes.. But I never said that it wont come back..

[philiveyjr]

Craze going down?? Probably..!! But I think more ppl r talking about it now.!! N more new ppl will venture into it now...as the prices r affordable.!! n It is gonna stabilize soon.!!

[BTCevo]

Craze going down?? Probably..!! But I think more ppl r talking about it now.!! N more new ppl will venture into it now...as the prices r affordable.!! n It is gonna stabilize soon.!!

More affordable? I don't think that's the right word. Whether the price is $1 or $10,000 you can still buy $10 worth of btc..

[ChuckBuck]

I don't think we can even say Bitcoin reached a "craze" yet.  We're still somewhere in the Innovators and Early Adopters phase:



We still got a long ways to go people.

[SW725]

Bitcoin craze is alive and well. Maybe you cant feel it anymore because you are a bitcoin senior now. Lets ask the newbies. Many newbies enter the forum everyday. Its the craze.

[OrientA]

It is between stage 1 and 2.

[BADecker]

If not the eye of the storm, then the calm before the storm.   

[MalboroMan36]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Most of altcoins - more specifically the ones released this year were pump and dump scams. I would say that less than 5% of the coins released this year are legit and have future potential. People are figuring this out, and alts have become a disgrace to the btc community.

[Soros Shorts]

We are "Crossing the Chasm":

[Eisenhower34]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Most of altcoins - more specifically the ones released this year were pump and dump scams. I would say that less than 5% of the coins released this year are legit and have future potential. People are figuring this out, and alts have become a disgrace to the btc community.

I would say that all altcoins have zero long term potential. They are not adding any kind of value to bitcoin in general and doing nothing more then sucking away value from bitcoin and putting it into obvious altcoin scams.

The few altcoins that have been successful in the past have survived only because they were the first of "their kind" even though the differences from bitcoin were very small

[BTCevo]

We are "Crossing the Chasm":

This chart looks a lot like the rise and fall of the bitcoin bubble which seems, at this point in time, to have peaked November 2013.

I could be wrong, I hope I am wrong but we could possibly see a nice steady $350 exchange rate that does not fluctuate more than a few dollars, and I have to say we have seen longer periods of non volatility this year than last. Also the more people using bitcoin the harder it will be for whales to make an impact, there will always be someone to buy at the right price..

BTCevo

[panju1]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Most of altcoins - more specifically the ones released this year were pump and dump scams. I would say that less than 5% of the coins released this year are legit and have future potential. People are figuring this out, and alts have become a disgrace to the btc community.

I would say that all altcoins have zero long term potential. They are not adding any kind of value to bitcoin in general and doing nothing more then sucking away value from bitcoin and putting it into obvious altcoin scams.

The few altcoins that have been successful in the past have survived only because they were the first of "their kind" even though the differences from bitcoin were very small

People still seem to be willing to put money into altcoins. They always hope to pick that one altcoin which turns out to be a 'bitcoin-killer'.

[Este Nuno]

I'd say we're definitely in the early majority period already. Bitcoin is very well known and has been used in one way or the other by lots of people by now. The early adopters were all here on this forum before early-mid 2013.

[MalboroMan36]

I'd say we're definitely in the early majority period already. Bitcoin is very well known and has been used in one way or the other by lots of people by now. The early adopters were all here on this forum before early-mid 2013.

I second that. The early majority period began with the late 2013 early 2014 bubble - and people like Richard Branson and those Facebook twins endorsing and investing in BTC. We are past the early adopters phase for sure.

I believe that it cannot be easily disputed that right now this is the early majority period.

[crazy-pilot]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Most of altcoins - more specifically the ones released this year were pump and dump scams. I would say that less than 5% of the coins released this year are legit and have future potential. People are figuring this out, and alts have become a disgrace to the btc community.

I would say that all altcoins have zero long term potential. They are not adding any kind of value to bitcoin in general and doing nothing more then sucking away value from bitcoin and putting it into obvious altcoin scams.

The few altcoins that have been successful in the past have survived only because they were the first of "their kind" even though the differences from bitcoin were very small

People still seem to be willing to put money into altcoins. They always hope to pick that one altcoin which turns out to be a 'bitcoin-killer'.

They are speculating. They are incorrect

[Zer0Sum]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Most of altcoins - more specifically the ones released this year were pump and dump scams. I would say that less than 5% of the coins released this year are legit and have future potential. People are figuring this out, and alts have become a disgrace to the btc community.

I would say that all altcoins have zero long term potential. They are not adding any kind of value to bitcoin in general and doing nothing more then sucking away value from bitcoin and putting it into obvious altcoin scams.

The few altcoins that have been successful in the past have survived only because they were the first of "their kind" even though the differences from bitcoin were very small

People still seem to be willing to put money into altcoins. They always hope to pick that one altcoin which turns out to be a 'bitcoin-killer'.

They are speculating. They are incorrect

They are speculating... and correct...
Because only decentralized and anon crypto can compete against Apple and Google...
(And Bitcoin is neither decentralized or anon).

Bitcoin is about to run smack into a wall called ApplePay... and offers no advantages over ApplePay.

"So if the bitcoin industry really wants to take on Apple Pay, it has to reinvent itself.
Make itself friendly. Market itself to people so technologically ignorant that they’re
one step away from microwaving their iPhones. That’s a difficult task to pull off."

Even that won't work...
Apple knows exactly what consumers and retailers want... Bitcoin doesn't care.

http://www.coindesk.com/apple-pay-threat-bitcoin/

[TheFootMan]

They are speculating... and correct...
Because only decentralized and anon crypto can compete against Apple and Google...
(And Bitcoin is neither decentralized or anon).

Bitcoin is about to run smack into a wall called ApplePay... and offers no advantages over ApplePay.

"So if the bitcoin industry really wants to take on Apple Pay, it has to reinvent itself.
Make itself friendly. Market itself to people so technologically ignorant that they’re
one step away from microwaving their iPhones. That’s a difficult task to pull off."

Even that won't work...
Apple knows exactly what consumers and retailers want... Bitcoin doesn't care.

http://www.coindesk.com/apple-pay-threat-bitcoin/

Bitcoin is not Apple, and never tried to be. Bitcoin is solving a problem, and it's solving it well, it does not need marketing to grow. It will grow, because it solves the issue of international payments well.

[funtotry]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Most of altcoins - more specifically the ones released this year were pump and dump scams. I would say that less than 5% of the coins released this year are legit and have future potential. People are figuring this out, and alts have become a disgrace to the btc community.

I would say that all altcoins have zero long term potential. They are not adding any kind of value to bitcoin in general and doing nothing more then sucking away value from bitcoin and putting it into obvious altcoin scams.

The few altcoins that have been successful in the past have survived only because they were the first of "their kind" even though the differences from bitcoin were very small

People still seem to be willing to put money into altcoins. They always hope to pick that one altcoin which turns out to be a 'bitcoin-killer'.

They are speculating. They are incorrect

They are speculating... and correct...
Because only decentralized and anon crypto can compete against Apple and Google...
(And Bitcoin is neither decentralized or anon).

Bitcoin is about to run smack into a wall called ApplePay... and offers no advantages over ApplePay.

"So if the bitcoin industry really wants to take on Apple Pay, it has to reinvent itself.
Make itself friendly. Market itself to people so technologically ignorant that they’re
one step away from microwaving their iPhones. That’s a difficult task to pull off."

Even that won't work...
Apple knows exactly what consumers and retailers want... Bitcoin doesn't care.

http://www.coindesk.com/apple-pay-threat-bitcoin/

You do not need to have an anon coin in order for it to be successful. You can also essentially make yourself anon when spending/buying/selling bitcoin for a small fee to bitcoin fog/bitmixer/other mixing service.

It is not possible to completely decentralize mining as someone who has a large amount of mining capacity could simply broadcast their found block from another IP address each time they find a block in order to make the network look decentralized. Also a semi centralized mining network is what is expected when a coin is successful, as even satashi predicted this.

The disadvantage that apple pay has over bitcoin is the fact that it still has the higher costs of using a credit card. All that apple pay adds to the equalization is convenience and nothing more

[Gleb Gamow]

you do make me laugh, i reply with facts, information and stats, and you reply with questions and insults.

i numbered them out for you, do i need to spoon feed you the more detailed explanation of why the 7 points i listed are better handled with bitcoin than other currencies.

do you not understand anything that when the world has an inflationary currency, people actually want deflationary. do you not understand that when currencies are shutting down bank accounts or taking a 'haircut' from peoples accounts people want something in their 100% control. do you not understand that people want to buy things online that they dont want their spouses or strangers finding out about. do you not understand that investors want to store wealth in something that wont burn under fire or wont get recalled under marshal law. do you not understand taking $10k fiat across a border is automatic seizure and "policing for profit" yet transferring $1mill in bitcoin is instantaneous with no border guards ransacking your car or luggage.

if you think that bitcoin is useless. then please please use your miners and mine your $1 an hours worth of satoshi dust your getting and send it to 'seans outpost' as they will put it to better work and find more value in it then you ever would.

so i have a question for you. if you think its worthless and has no demand.. why are you even on this forum.

and as for using my coins to create a buy wall. i played that game in 2012, it was fun, i made more profit, but then i grew a backbone and realised the bigger picture.

while you cry babies are monitoring exchange prices like a hawk swooping and diving at every movement. i am making more money privately amongst the smarter people, and yes we are ignoring the hourly/daily changes of exchanges, as they are the small time things for the little guys. to be honest the sooner those exchanges die the better

Actually you started with the insults, I compose myself with the respect of other peoples opinions until they resort to insults, then I let loose.

These are not a true demand franky
1) investments   (tradable market hmmm? what have I been saying all along)
2) unbanked       (useless nonsense)
3) blackmarket   (usually only used by criminals so real world application does not apply)
4) porn you wont want the wife seing on ur credit card  (again inferior activities not a demand)
5) gambling        (again inferior activities not a demand)
6) more fun to trade bitcoins than forex/shares/stocks (a complete contradiction to your whole post you said people are not trading on the market but rather person to person)  
7) move funds easier and cheaper than western union/paypal/wire transfer (unless you use places like localbitcoin.com who use western union and wire transfer as a payment method after exchanging)

Your post is not filled with facts its filled with your opinion I was the one starting to throw facts using credible sites with thier stats, you didnt seem to like that either.

The things you deem as a demand are both not a demand and can easily be countered in other ways. Why do you have a need to take 10,000 dollars across the border, theres no reason for that unless you are conducting criminal activities, All the banking crap you mentioned does exist but its not enough to pressure people into trading their USD for Fiat because the risk of loss to exchanges or other places like MTGOX will never go away. People dont want to deal with the bullshit that comes with the banks but its better than loosing everything they have to more criminal people like exchange owners stealing your coins. If you need to buy things online without your spouse knowing about ti franky thats a personal problem it does not create a demand for a currency. My wife knows everything I do online and I am not bothered by that, sounds like you need a new spouse.And lastly "REAL" invewstors are not even in the bitcoin game, to many variables, to many risks, to much to lose.

And do you see how blindly stupid you are, Where did I say to put your coins on the market I said use your coins to create a demand, but you are so blindly stupid in your theories YOU (not me) are the one placing its value in its tradable market, no matter if that market is its exchange, person to person, black market. You do not have enough intelligence to even see how you can make a difference in your investment. I never said for you to create a buy wall franky I said take 100BTC and create a demand,there is a difference and shows you dont understand what a demand is. You instantly connected what I saidb for creating a demand with a buy wall.  That is not what i was talking about at all. You and other "smarter" people like you are EXACTLY why the banks do not fear bitcoin!! and that, franky1, are the facts!! better get all your smarter friends together and get to work creating a true demand, i suggest you get a little better educated first in both currency trading and business economics as you will need both to complete that task!!!

franky1, here's how you handle a bullshitter: https://bitcointalk.org/index.php?topic=990219