Quote from: BitcoinDistributor on February 25, 2015, 06:10:05 AM

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.

I take it you weren't on these forums in late 2011?

The spike in November attracted a huge amount of new users to these forums. Same thing happened in 2011 when the world found out about Bitcoin for the first time. After the price skyrocketed to over $33 in June 2011 and then crashed and continued falling all the way down to $3, the tone of the posts in the forums suddenly went all gloomy and negative and activity went down. Well, the same thing is happening right now.

Some examples:

At what pricepoint is bitcoin dead?

Quote from: bitcoinminer on October 09, 2011, 07:27:40 PM

At present difficulty levels, for me personally, anything below $8-$10/BTC is mostly a waste of time mining wise. The video cards are paid for, but at 0.50 BTC a day, I'm getting what, $60 a month so basically just covering electric.

As the price continues to fall like the last month or two, at what point should we consider it "dead"?

Link: http://bitcointalk.org/index.php?topic=47480

Bitcoin will never reach $20 again

Quote from: BTC Economist on July 09, 2011, 01:49:40 PM

This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.

Link: http://bitcointalk.org/index.php?topic=27348