The main problem in the Bitcoin ecosystem the real reason Bitcoin is plummeting

[SargeR33]

Someone said it earlier which really did hit the nail. One user error in this network will see all the bitcoins that you put up, gone and usually permanently. Whether it be the accidental deletion of a priv.key or accidentally sending funds to the incorrect address. There is no room for error. The process of using bitcoin is also not very easy. Although videos make it seem easy, trusting any online resource with your btc and private key will NEVER be secure. They usually provide 0 insurance.

With banks, if the systems are hacked and your money stole, said money is insured and replaced by the bank. If your accidentally throw away your credit card, you can apply for a new one. If you send money to the wrong account its often reversed. If someone scams your account details, the transactions are reversible.

The bitcoin network is very secure but definitely offers no protection against user error. I consider confident use with bitcoin something the more tech savvy users would cling onto.

[Bobsurplus]

The real reason Bitcoins price has went down is frankly quite ovbious it's because so many people have been burnt by scammers most notably MTGox.This creates an enviornment that is extremely hostile to newcomers and once they are scammed they are put off Bitcoin and they do not reinvest. Seeing as roughy 60% of Bitcoins supply has never moved this rate of alienating newcomers results in Bitcoins price plummeting at the worst and barely maintaining value at best. Countless people have left the crypto community as a result of MTGox alone that means a large percentage of people are no longer taking part in the Bitcoin ecosystem.

Get outa here.!! Bitcoin price went down do to scammers?? are you on drugs kid? Bitcoin price went down because it was over-bought, over-hyped and under regulated.
Big money cant flow in until official regulations are in place to secure investments... Hype died down and some panic sellers/amateur investors couldn't handle the swings. Had no clue of what Bitcoin was when they bought it and still dont know what it is after they sold for a loss.

Get on the jet man... BTC is about to moon hard... Do you have your space suit on? I do!

[noobtrader]

moon hard or land hard...

[johnyj]

This year many foreign currencies fell sharply against USD, because the ending of QE3, if you check bitcoins exchange rate against rubble or japanese yen, then it did not change that much,   totally normal(considering such a large gain it had during past 2 years) Bitcoin is as strong as the largest country's currency on the planet

[turvarya]

This year many foreign currencies fell sharply against USD, because the ending of QE3, if you check bitcoins exchange rate against rubble or japanese yen, then it did not change that much,   totally normal(considering such a large gain it had during past 2 years) Bitcoin is as strong as the largest country's currency on the planet

I think Bitcoin is stronger than the Rubble

[needFREElunch]

This year many foreign currencies fell sharply against USD, because the ending of QE3, if you check bitcoins exchange rate against rubble or japanese yen, then it did not change that much,   totally normal(considering such a large gain it had during past 2 years) Bitcoin is as strong as the largest country's currency on the planet

The price of bitcoin has not fallen as much when compared to other currencies but it has still fallen. If you look at it's performance over two years then bitcoin has appreciated verses both the dollar and other currencies.

[ensurance982]

Everything is the wild west when it emerges from obscurity. But people believing in Bitcoin will always stick to it. Also, I believe this is already kind of priced in. You have to think of it the other way: People who got to know Bitcoin actually start to 'get it'. Once you're in, you can't get out. You've seen the possibilities and it's hard to ignore them from there on. As soon as the next bubble emerges, even those who got burned before will come back.

[noobtrader]

the real problem in bitcoin is its demographics... too many miner and speculator. 

[lay785]

trezor...nuff said.

[mestar]

the real problem in bitcoin is its demographics... too many miners and speculators. 

Bitcoin is nothing but a way to turn speculative money into heat.