Interest in Bitcoin is declining

[Wilhelm]

Once there are only 1M btc left to be minted and it's near impossible to mine them, the price will rise.

but that would make mining obsolete aswell (according to the logic of the proponents of high inflation for the sake of network security)

You can not have high inflation and a high price for it at the same time - shouldn't be hard to understand.

Mining will someday be obsolete, people will process transactions for fees and bitcoin will have hit full maturity. Bitcoin value can then only go up.

About high price and inflation:
"
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.[4]
"
-- wikipedia --

This means bitcoin will deflate since the pricelevel for goods goes down and your buying capabilities increase.

BTC1 will now buy you an iphone
BTC1 will then buy you an house

Let me help with a few details:

Mining will never be obsolete, it is what makes the Bitcoin network go and secures it.
You're conflating (ugh, retarded word, but Bitcoiners love it!) price inflation with monetary base inflation.
Bitcoin's yearly monetary base inflation (what the local libers refer to as "making money out of thin air") is over 10%, YTD.
Bitcoin's yearly price inflation is ~65%, YTD.

No need to thank me, my pleasure

Thank you anyways, I'm no economogist

Yes mining is what makes the network go but since your doing it for transaction fees and not for minting blocks, can you still call it mining?

[Coinshot]

Some are really angry to not have bought BTCs when they were double digits, and now spend all of their days hoping it would revisit those prices.

Bitcoin can break below 300 into high 200s, but I dont anticipate 100s within the next couple of months.

[NotLambchop]

Once there are only 1M btc left to be minted and it's near impossible to mine them, the price will rise.

but that would make mining obsolete aswell (according to the logic of the proponents of high inflation for the sake of network security)

You can not have high inflation and a high price for it at the same time - shouldn't be hard to understand.

Mining will someday be obsolete, people will process transactions for fees and bitcoin will have hit full maturity. Bitcoin value can then only go up.

About high price and inflation:
"
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.[4]
"
-- wikipedia --

This means bitcoin will deflate since the pricelevel for goods goes down and your buying capabilities increase.

BTC1 will now buy you an iphone
BTC1 will then buy you an house

Let me help with a few details:

Mining will never be obsolete, it is what makes the Bitcoin network go and secures it.
You're conflating (ugh, retarded word, but Bitcoiners love it!) price inflation with monetary base inflation.
Bitcoin's yearly monetary base inflation (what the local libers refer to as "making money out of thin air") is over 10%, YTD.
Bitcoin's yearly price inflation is ~65%, YTD.

No need to thank me, my pleasure

Thank you anyways, I'm no economogist

Yes mining is what makes the network go but since your doing it for transaction fees and not for minting blocks, can you still call it mining?

If we want to be sticklers, it's not mining now--nothing is being dug up out of the ground

[Martijnvdc]

judging from the amount of transactions happening, i would say bitcoin is gaining popularity...
But yeah, it has indeed been less covered in the media lately. The hype is over, so it makes sense it's googled less often.

I use bitcoin, but i'm not typing the term "bitcoin" into google... I did do that the first time i wanted to look it up. By now, i suppose most people know about bitcoin already, so obviously it will be less googled. You shouldn't conclude it's less popular because of that.

[NotLambchop]

judging from the amount of transactions happening, i would say bitcoin is gaining popularity...
But yeah, it has indeed been less covered in the media lately. The hype is over, so it makes sense it's googled less often.

I use bitcoin, but i'm not typing the term "bitcoin" into google... I did do that the first time i wanted to look it up. By now, i suppose most people know about bitcoin already, so obviously it will be less googled. You shouldn't conclude it's less popular because of that.

Google Trends results for "Bitcoin" aren't limited to just one word.
Searches like "Best place to gamble with Bitcoin," "How do I buy child pornography with Bitcoin," "Where is the closest gas station that accepts Bitcoin," "I'd like to contribute to a few terrorist organisations, where do I send my bitcoins?"--those all count

[Martijnvdc]

judging from the amount of transactions happening, i would say bitcoin is gaining popularity...
But yeah, it has indeed been less covered in the media lately. The hype is over, so it makes sense it's googled less often.

I use bitcoin, but i'm not typing the term "bitcoin" into google... I did do that the first time i wanted to look it up. By now, i suppose most people know about bitcoin already, so obviously it will be less googled. You shouldn't conclude it's less popular because of that.

Google Trends results for "Bitcoin" aren't limited to just one word.
Searches like "Best place to gamble with Bitcoin," "How do I buy child pornography with Bitcoin," "Where is the closest gas station that accepts Bitcoin," "I'd like to contribute to a few terrorist organisations, where do I send my bitcoins?"--those all count

Ohhh... Well, that's a bit more worrying then, i suppose...
Still, it doesn't mean bitcoin is dead or dying.

[NotLambchop]

...
Still, it doesn't mean bitcoin is dead or dying.

Of course not, the doomsayers are exaggerating.  As long as there's a single guy with a couple of netbooks mining, Bitcoin won't die.

[gnode]

MasterCard Shill

[NotLambchop]

MasterCard Shill

You don't know the half of it...

[fewcoins]

Some are really angry to not have bought BTCs when they were double digits, and now spend all of their days hoping it would revisit those prices.

Bitcoin can break below 300 into high 200s, but I dont anticipate 100s within the next couple of months.

Forget what you anticipate... Bitcoin is crashing and burning one day at a time... You guys go by online bs exchanges, go by the dying OTC market that now has 0% interest in these coins... Everyone knows the technology is being stolen to be applied to USD not BTC!!!

[picolo]

Bitcointalk is very active, the number of Bitcoin addresses, the number of transaction, and the Bitcoin days destroyed are growing.

[Sevvero]

Bitcoin is dying, fool holders will have a sad Christmas. Laughing stock of family, wife leaving, etc...

[fonsie]

Since most holders have got it nailed since 2009, I think they can deal with 1 sad Christmas. You however seem to have had a lot of sad Christmasses in your childhood.
lmfao 

[podyx]

Bitcoin is dying, fool holders will have a sad Christmas. Laughing stock of family, wife leaving, etc...

lmfao

[whitemage]

The interest for bitcoin is declining is just temporary. Everyone is busy celebrating and taking holidays...

[LFC_Bitcoin]

Bitcoin is dying, fool holders will have a sad Christmas. Laughing stock of family, wife leaving, etc...

Brilliant!

Is this guy a stand up comedian?

[QuestionAuthority]

There is only one good way to tell how well Bitcoin is doing. Survey a representative sample of the businesses accepting Bitcoin. Then every few months (maybe once a quarter) take another survey looking for changes. If Bitcoin is really increasing in use you will know. This eliminates all of the factors that don't support a thriving economy (buying for speculation only, miners exchanging for fiat, etc.).

[inca]

Lambchop this is the second time you have tried to link child pornography to Bitcoin on this forum. Fuck off.

[DeadCoin]

Interest in Bitcoin declined from April to August 2013 as well: http://www.google.com/trends/explore#q=bitcoin&date=4%2F2013%205m&cmpt=date
If you interpret that as a dead coin, then you are dead wrong.

No, it's not dead yet. I'm just saying people heard about bitcoin and simply don't care.

They were only interested when price was rising (read, make a quick buck out of it), they couldn't care less about technology, only interesting part about it was possibility of attracting more fools and getting rich at their expense.

If Bitcoin is so awesome, shouldn't people die to buy it now that's it's on a discount?

[bclcjunkie]

Definitely sick bastard... shleppers like that need to be put to permanent sleep right away...

Lambchop this is the second time you have tried to link child pornography to Bitcoin on this forum. Fuck off.