So 2014 is definitely not the worst year for bitcoin. 
its the best if you look beyond the price
Topic: 2014-10-08 AVC.com - Bitcoin Adoption Metrics (Read 1510 times)
its the best if you look beyond the price
It is just a pity, that the price are being manipulated at exchange levels, because it's not a true reflection of the "value" of the currency.
It's not clear that the current price is not a true reflection of the "value" at all. It's certainly not clear that the price is being manipulated.
What we can be sure of is that price action over the past two years has not corresponded closely with other metrics of growth. I fully expect that, in 2013, the price grew far more than other metrics. This is to be expected because the price does not capture the current situation so much as the expected future situation; the price can move wildly on an announcement from a powerful group where the other metrics all change pretty smoothly with time.
Most of the larger BTC transactions, are not going through these exchanges anyways. {Private & Localbitcoin etc.}
This is largely irrelevant. Relatively more trades happening off the exchanges likely reflect the reduced utility of said exchanges as government regulations begin to interfere with the market process. Such trades will probably be happening at a price level similar to exchange levels anyway; any significant, predictable deviation will be met with arbitrage.
Yea, there are too many people fixated on the price of BTC
There are many other factors, working in the background, to determine the success of the currency.
The growth of installed ATM's
The increase of wallet use
The volume of transactions
The increase in merchant adoption
The investment capital being pumped into secondary projects, that use the BTC protocol
And your link highlighted a few of these already. So the infrastructure is being build for a successfull currency.
It is just a pity, that the price are being manipulated at exchange levels, because it's not a true reflection of the "value" of the currency.
Most of the larger BTC transactions, are not going through these exchanges anyways. {Private & Localbitcoin etc.}
There are many other factors, working in the background, to determine the success of the currency.
The growth of installed ATM's
The increase of wallet use
The volume of transactions
The increase in merchant adoption
The investment capital being pumped into secondary projects, that use the BTC protocol
And your link highlighted a few of these already. So the infrastructure is being build for a successfull currency.
It is just a pity, that the price are being manipulated at exchange levels, because it's not a true reflection of the "value" of the currency.
Most of the larger BTC transactions, are not going through these exchanges anyways. {Private & Localbitcoin etc.}
So 2014 is definitely not the worst year for bitcoin.
http://avc.com/2014/10/bitcoin-adoption-metrics/
Fred Wilson comments on coindesk's 'State of Bitcoin' slideshow. Featured slide:
Fred Wilson comments on coindesk's 'State of Bitcoin' slideshow. Featured slide:
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