I think Bitcoin is falling because lack of user adoption.

In particular, mining brought a huge number of people into Bitcoin that weren't there before. Stories about how people had made tons of money getting into bitcoin early and mining bitcoin with their gaming computers brought a pretty large contingent into the fold.

A lot of those hobbyist miners put money into additional GPUs and ASICs, and then got burned by companies like Butterfly Labs and MtGox. This let to a lot of people slowly leaving bitcoin and many of those that remained have become a bit cynical.

That's not to say that Bitcoin can't or won't recover, but I do think it has a bit of a user adoption problem. There are a number of tech and financial companies that are looking to leverage the technology behind bitcoin to solve problems like remittance and in the process build new institutions. However, most of these companies make money off of transaction fees or trading fees. These companies won't rely on the price of Bitcoin going up hugely per se, but rather on the idea that people will make transactions over the network.

Put simply, the price of bitcoin has been going down because less people are coming into bitcoin. In fact, I think there is probably some net attrition going on.

This may change, their may be some other factor that causes bitcoin to jump up and more users to join, but for the moment there appears to be a net attrition corresponding to a decline in price.

Sounds 100% legit  . Seriously, you'll need some street smarts if you're going to stick around here. This forum is full ot scammers and trolls and it's very easy to lose your money. Be careful.

Send me one please i didnt get one idk why its been a week since i asked for one so please give me one

Hi All,

I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.

http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html

Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck

Tay More

Send BTC to a friend!

Can God conceive a question that not even Him can answer with a question?

What can community members do to contribute to Bitcoin's growth? 

Check this wiki page, http://en.wikipedia.org/wiki/Satoshi_Nakamoto . No one know where we went. In fact, no one know who he is. Let not dig out who is Satoshi Nakamoto. Just hope that he is still helping Bitcoin behind the scene.

doesnt that metal has somthing todo with unobtainium ?

It is OK to be upset right now. But one should consider it a 5 year investment.
Any fluctuation in between is just plain numbers.
It was also hard to foresee the bloom of Internet back in 1995.

It is, why do you ask?