Quote from: dropt on May 08, 2015, 08:04:24 AM

Quote from: AcoinL.L.C on May 08, 2015, 06:18:00 AM

Bitcoin won't break $500 a coin, likely will sit around the ~$250 range with occasional jumps over $300 and below $200.

People need to start comparing Bitcoin to other payment methods, and they will clearly see why Bitcoin will never have enough demand to "go to the moon," most of Bitcoin's current users are speculators that have no clue what they are talking about.

Bitcoin's biggest issue is that is not consumer friendly: Buying Bitcoin is time consuming (and costly when you figure in fees associated with acquiring Bitcoin + risk of volatility), very slow (to reach 6 confirmations takes several hours... lately its been taking ~1 hour to get even a single confirmation), no ability to chargeback (this is NOT a plus), and other hassles (security issues, learning curve etc). The only thing Bitcoin is better than using the dollar for is to purchase illegal goods.

Point 1: people said it would never reach dollar parity. People said it would never break the $32 ATH bubble. People said it would never be $100. People said it would never breach the $266 ATH again. People said it would never hit $1000. People say a lot of near sighted garbage, just like you're doing now.

Point 2: "Other payment methods" is a multi Billion dollar industry.

Point 3: give it time. Most new tech, especially at a protocol level is raw. I don't see you using a text browser, or using a dialup program to start your inet connection..

Point 4: several hours for 6 conf? Just... No.

Point 5: No charge backs. Has its pros and con's depending on views

Point 6: illegal goods? Again, a multi billion dollar industry.

There is IMO so much untapped potential here that your complaints remind me of a child whining that he didn't get the chocolate bar he saw at the check out stand while grocery shopping with his parents.

Your points smell like all the other people hoping to get rich quick off of Bitcoin. Yes, the other methods are a multi billion dollar industry, what does that have to do with anything? They are much more efficient and scalable than Bitcoin. Did you know that Visa alone (forget other credit card companies) handles as many transactions in 3 minutes as all the Bitcoin transactions in a day? The blockchain would collapse if it were put to any real use.

Yes, several hours for 6 confirmations. I use MultiBit as my wallet, and it takes ages to pay for anything. People will not want to wait even 5 minutes to pay for anything in a physical location.

Chargebacks is a huge con for consumers. This is actually one of the reasons Bitcoin will never get even 5% of the worlds population to use it.

Illegal goods is a billion dollar industry. It just happens to be Bitcoins main use, whereas its not the dollars.