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The Forum is Dying
by
BitcoinDistributor
on 25/02/2015, 06:10:05 UTC
If you look around you'll see the signs...

-currency exchange section is slower then ever.
-posts are becoming more and more spam-like
-people are selling their accounts left and right
-the overall mood just doesn't seem positive anymore

I know me personally, I haven't held bitcoin overnight in months and don't plan to anytime soon. As for forum use, I come on, but only for business-purposes to convert payments I've received in bitcoin to fiat. I got into bitcoin beginning of 2013 and once it hit $300 (on way up) is when I said overpriced and got out.

Its a good idea however the price fluctuations honestly I think are what makes bitcoin unable to sustain being a growing currency. No one wants to go to sleep at night and every morning worry "Did I just lose 10% or more of my money overnight?". My margins are 10% and overnight a couple weeks ago I said what the hell I'll just leave it in bitcoin and I woke up and down 10%+. I lost my profit on my sale + more...what business owner is ever going to want to take that risk? From then on I converted all payments to fiat on exchanges and then sell for fiat to people here and LBC (not converting back to bitcoin until I find a person willing to buy said bitcoin).

Its sad really - I had high hopes for this currency and when it was stable around $100 for a long time is when I truly believed in it. It was relative stable. We'll see if it ever revives, honestly I doubt it. Biggest problems by far: liquidity and price stability

I would be very interested in knowing if casinos or services using bitcoin have had a drop in the overall USD worth of the action / money spent over last couple months to support the above.