Quote from: randy8777 on August 24, 2016, 05:24:42 PM

Quote from: Ayers on August 24, 2016, 04:52:40 PM

Quote from: celebreze32 on August 22, 2016, 08:24:03 PM

Bitcoin's not stagnating, it's up 50% from January, and it was up 100% from January a few months ago. This forum is buzzing with activity, so how can Bitcoin be stagnating? Mass adoption can't happen overnight, it's happening, but in small steps.

but what it concerning me is that at the first hacking the price is dumped by 16%, that is too much, bitcoin will never be adopted on large scale if this keep happening i think, there will be no true confidence

bitcoin hasn't been any different. from the very beginning massive hacks and scams have been happening. it's not the first time, and definitely not the last time. i think what large investors is worrying, is that satoshi supposedly owns around one million coins. added, mark karpeles is also something for them to consider when putting their millions into bitcoin. regarding the adoption by the average joes, they prefer to use banks instead of bitcoin. an important reason for them is that bitcoin doesn't have a central authority. media saying that bitcoin is the underworld currency, etc. all that combined makes them worry.

It is quite difficult to say. The bitcoin price dropped a lot recently because of the Bitfinex exchange hack.