Google searches and tweets about Bitcoin decline sharply

Re:Google searches and tweets about Bitcoin decline sharply by austincheney on Wednesday March 14, 2018 @09:14PM (#16589781)

Duh. Nobody is using cryptocurreny in any significant quantities except criminals on the dark web. The only thing sustaining value in cryptocurrencies is investment speculation.

If investors cannot sell shares then there is nothing left for it. Investors must be able to advertise interest, any way they can, to entice other people to buys their shares otherwise it is just a retail souvenir.

EDIT:

I can see this post is irritating people. Please respond with an example of people using cyptocurrecy to make legitimate purchases in any valid quantities.

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Re:Google searches and tweets about Bitcoin decline sharply by ndaiger on Wednesday March 14, 2018 @09:40PM (#16589921)

At https://chunkhost.com about 25% of our revenue per month has been in Bitcoin since 2014.

Since the price spike it's actually increased to more like 40% (from new accounts, not old ones switching away from credit cards or Paypal).

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Re:Google searches and tweets about Bitcoin decline sharply by bitxbitxbitcoin on Wednesday March 14, 2018 @09:26PM (#16589848)

I will bite, despite suspecting that this is a useless argument to wade into :). What do you consider "valid quantities?"

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Re:Google searches and tweets about Bitcoin decline sharply by austincheney on Wednesday March 14, 2018 @09:31PM (#16589876)

Do you know of a population segment that makes more than 10% of their monthly purchases in cryptocurrency alone or a major business that receives a greater than 10% revenue from cryptocurrency?

I have heard of people on here living in silicon valley who claim to purchase occasional drinks with cryptocurrency, but I have not heard of practical or regular expenditures with cryptocurrency or anybody that I know offline who uses it for any kind of expense.

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Re:Google searches and tweets about Bitcoin decline sharply by justboxing on Thursday March 15, 2018 @01:54AM (#16590692)

CryptoKitties ? 12 MILLION in 2017, all in Ethereum / ETH.

> CryptoKitties, the Ethereum-based digital kitten collectibles game, has processed more than $12 million in sales on its decentralized marketplace.

Source: https://cointelegraph.com/news/cryptokitties-sales-hit-12-mi...

Also, a story on their revenue model => https://medium.com/@codetractio/a-look-into-cryptokitties-re...

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Re:Google searches and tweets about Bitcoin decline sharply by trakout on Thursday March 15, 2018 @08:51AM (#16592352)

I purchased a laptop on Newegg last year using Bitcoin. Expedia takes Bitcoin as a payment method. Both of these are practical (and in some cases regular) expenditures.

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