Post
Topic
Board Speculation
Re: I believe the price has nowhere to go but down and here's why I think so.
by
XXthetimeisnowXX
on 20/07/2013, 00:49:41 UTC
99.9% of my entourage and random street people don't know what is Bitcoin. We are far from mainstream.
Have you literally walked down the street and asked random people if they knew what Bitcoin was and kept a tally?

I wear have had a t-shirt with the Bitcoin BTC on it (actually says "BTC or GTFO") .  I have been asked at least a couple dozen times "what is that?" and only had one person recognize it.  At least 50:1 if not more.  Not scientific but if you think Bitcoin is mainstream well you obviously have already made up your mind so facts don't really matter.  Bitcoin may be many thing and it may go down or it may even crash and burn but the idea that it is already mainstream is just silly.

+1 haha me and my friend was having this discussion the other day...if BTC was mainstream or not. i said ok at the next big gathering we will ask. so me and him are at this party... i hate talking in front of large groups but i was drinking liquid courage so it was ok...I said "Ladies and gentlemen, can I please have your attention? I've just been handed an urgent and horrifying news story. I need all of you to stop what you're doing and listen. cannonba".... no wait i said "hi by a show of hands can i see who has herd of bitcoins?" or "BTC? for short?" or "altcoins" or "cybermoney" anybody? only my girl and his girl and him raised there hands....everyone else about 45 people were like what? what are you talking about? I said its money. they are like huh like what country? I told them no country but every country. its the currency of the future.

these people were not old farts they were not young tweens me and my friends are 25-33 the prime age for bitcoins. some own homes some are married. some own businesses and are quite successful. when i told them about it they were very impressed with how it was worth more than the dollar. one guy said ya when its more then the value of the USD then ill listen i told him it was worth about a hundred usd. hahaha. and once it was worth 2.50 when i bout them. and how i was buying them at 230. (yes i got lucky and not so lucky)

if your point is that they are on the downtrend do to saturation in the market your are a fool! if everyone in America purchased one bitcoin we would all be rich rich rich. that is why i think the Chinese government did not hush up that news report about bitcoins. if there people bout in low (now) and in a year or five when they do take off they will have gained some very rich people in there country due to others making them rich. ie the Americans because we did not buy in when they were so much lower. but that is another story.