2014 is NOT the year of bitcoin, sorry

jehst

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21 million. I want them all.

Quote from: talks_cheep on June 10, 2016, 03:50:41 PM

I hope you are right again.

If 2016 turns out to be a great year, which it looks like it's going to be, it will break one myth that even numbered years are BAD for btc.

2010 was bitcoin's best year.

The even-numbered year is coming back with a vengeance.

talks_cheep

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I hope you are right again.

If 2016 turns out to be a great year, which it looks like it's going to be, it will break one myth that even numbered years are BAD for btc.

Dafar

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dafar consulting

BUMP

MY PREDICTION WAS SPOT ON... I MADE THIS POST ON FEB 2014 AND ACCURATELY PREDICTED THAT 2014 WAS NOT GOING TO BE A GOOD YEAR FOR BITCOIN

NOW HERE IS MY LATEST PREDICTION---- 2016 WILL INDEED BE THE YEAR OF BITCOIN! BITCOIN IS BACK BABY!!!!!

Quote from: Dafar on February 11, 2014, 04:11:18 PM

Everyone's expectations after 2013 were just way too high. This is the year of FUD! Mark my words, we're gonna be riding a shit storm all the way through the end of 2014.

Dafar

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dafar consulting

Quote from: fewcoins on December 12, 2014, 10:45:53 PM

If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!

This guy is a fucking idiot

NotLambchop

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Quote from: picolo on December 16, 2014, 12:10:37 PM

Quote from: NotLambchop on December 16, 2014, 10:13:29 AM

Quote from: picolo on December 16, 2014, 02:46:47 AM

...As the fiat currencies lose value because the central banks 'print' money...

How come my USD didn't lose 2/3rds of its buying power over the past year like BTC did?

You are comparing Bitcoin between the ATH or close to it and now but if you bought in 2013 you are likely to be up or if you bought in 2014 you are likely to be down 30% max.

ORLY? Here's a chart, horizontal red line is 30% above today's price.

Your "30% max" is clearly bullshit Undecided

Quote

You need to compare an investment after a few years, the USD is likely to loose most its value when Bitcoin is likely to raise in value.

Bitcoin's ENTIRE HISTORY is 5 (five) years. Of which 3 years were spent in complete obscurity. We ain't got a few years.

Quote

To answer your question, USD is a bigger market.

wat

Quote

Very cheap and trustworthy transfers, store of value, decentralized store of value, non reversible transactions.

Very cheap trustworthy transfers of Bitcoin, not money.
Bitcoin has proven itself a horrible store of value over the past year. BTCeanie BTCabies did substantially better.

picolo

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Quote from: NotLambchop on December 16, 2014, 10:13:29 AM

Quote from: picolo on December 16, 2014, 02:46:47 AM

...As the fiat currencies lose value because the central banks 'print' money...

How come my USD didn't lose 2/3rds of its buying power over the past year like BTC did?

You are comparing Bitcoin between the ATH or close to it and now but if you bought in 2013 you are likely to be up or if you bought in 2014 you are likely to be down 30% max.

You need to compare an investment after a few years, the USD is likely to loose most its value when Bitcoin is likely to raise in value.

To answer your question, USD is a bigger market.

Quote from: thirdprize on December 16, 2014, 11:12:40 AM

Quote from: picolo on December 16, 2014, 02:46:47 AM

Bitcoin is stronger than before because it has more uses ...

The only useful use is something that you can only do with bitcoin that you cannot do with anything else. Buying gift cards and things like that is pointless unless you are a miner or get paid in Btc. If you can do it with cash then there is no incentive to convert to Btc to do it. Bitcoin really needs a USP that other currencies can't match. Cheap money xfers is all i can see.

Very cheap and trustworthy transfers, store of value, decentralized store of value, non reversible transactions.

thirdprize

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Quote from: picolo on December 16, 2014, 02:46:47 AM

Bitcoin is stronger than before because it has more uses ...

The only useful use is something that you can only do with bitcoin that you cannot do with anything else. Buying gift cards and things like that is pointless unless you are a miner or get paid in Btc. If you can do it with cash then there is no incentive to convert to Btc to do it. Bitcoin really needs a USP that other currencies can't match. Cheap money xfers is all i can see.

NotLambchop

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Quote from: picolo on December 16, 2014, 02:46:47 AM

...As the fiat currencies lose value because the central banks 'print' money...

How come my USD didn't lose 2/3rds of its buying power over the past year like BTC did?

picolo

hero member

Activity: 1022

Merit: 500

Quote from: fewcoins on December 15, 2014, 08:31:01 PM

Quote from: picolo on December 13, 2014, 02:23:59 AM

Quote from: fewcoins on December 12, 2014, 10:45:53 PM

If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!

Miners are selling a percentage of the 3600 coins they mined everyday in average and they find sellers!

340$ is not that low compared : 4Billions market cap but Bitcoin is stronger than before and the price is likely to raise soon.

Ummm....... Why?

Bitcoin is stronger than before because it has more uses, more users and it lasted one more year. As the fiat currencies lose value because the central banks 'print' money, Bitcoin will look like a good way to stash some wealth.

fewcoins

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Quote from: picolo on December 13, 2014, 02:23:59 AM

Quote from: fewcoins on December 12, 2014, 10:45:53 PM

If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!

Miners are selling a percentage of the 3600 coins they mined everyday in average and they find sellers!

340$ is not that low compared : 4Billions market cap but Bitcoin is stronger than before and the price is likely to raise soon.

Ummm....... Why?

picolo

hero member

Activity: 1022

Merit: 500

Quote from: fewcoins on December 12, 2014, 10:45:53 PM

If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!

Miners are selling a percentage of the 3600 coins they mined everyday in average and they find sellers!

340$ is not that low compared : 4Billions market cap but Bitcoin is stronger than before and the price is likely to raise soon.

fewcoins

full member

Activity: 126

Merit: 100

If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!

mlferro

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Quote from: Dafar on February 11, 2014, 04:11:18 PM

Everyone's expectations after 2013 were just way too high. This is the year of FUD! Mark my words, we're gonna be riding a shit storm all the way through the end of 2014.

This is the year that's gonna test your will and shake off the weak hands. This year will weed off the people who jumped into bitcoin thinking they will earn a quick buck, those who thought bitcoin's price just goes up every year like it's a pattern set in stone. I'm sure a lot of them jumped off by now thanks for mt. cox (btw-- the price is $635 right now... imo a good buy even if we go down further). The ones who remain will be the ones who believe in bitcoin for the longterm.

Let's be honest here... 2013 was the year of bitcoin. 2014 not so much... I think 2015 might be the next "year of bitcoin" ...Wrinklevoss ETF and Wallstreet might trigger the next rally, and that won't happen this year.

Did you expect everyone to safely ride the train to 10k? No. Only the ones who take the risk and hold on might enjoy the ride to $10K.. and even that is not a surefire bet anymore.

I hope you're right ... in 2014 a year where Bitcoin, in a way, just walk to back. And 2015's there already, less than 20 days.

I really want you to be right, but as I do not have much knowledge in economics, just I have left twist, but always with a atraz foot,
for if anything good happens, I console myself with the thought, I knew this would happen!

picolo

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Quote from: goldsun on December 12, 2014, 05:07:12 PM

Quote from: Dafar on December 09, 2014, 12:05:22 PM

Quote from: goldsun on December 08, 2014, 08:31:01 PM

Quote from: Dafar on December 08, 2014, 10:31:22 AM

Still.... the negative news this year greatly outweighed the positives. The negatives were much louder and much more prevalent than relief over a couple of merchant adoption news here and there is not enough.

Merchant adoption is good and all... but I see this as something that will/should keep happening, hopefully at an accelerated rate as more infrastructure develops and as bitcoin becomes more popular. But it's not something to dance in the rain over... Dell and Newegg were good news and a step in the right direction for sure, Wikipedia just accepts it for donations and they hide it (so who cares)... but Netflix, Walmat, Target, Starbucks, Amazon would be even bigger than any of these.

So what do you think will happen in terms of the price in 2015? Will we see a uptrend?

I'm more confident in 2015 than I was this year... I don't think we will continue to go on a downtrend and see the price go down to the 200s and below. We may move stagnant for most of the year though, not sure, but I do think there is potential for a sharp rise sometime in 2015. We may start seeing the fruits of all the developments and VC money going into the ecosystem via increased adoption/userbase. I am also hoping that the wallstreet ETF goes live this year which should be bullish for bitcoin. But keep in mind the ETF isn't guaranteed and I can't predict the damage that may come from all the random negatives, but hopefully nothing as damaging as MtCox will happen next year.

It's refreshing to see all the FUD and negative sentiment around bitcoin at the moment...it's times like this where I feel like good times are ahead. Last year at this time people were unrealistically bullish.

If 2015 is similar to 2014, I am still going to hold out until 2016 for block halving... I think we should at least see a higher price by then (more users, more vendors, wallstreet, less supply). If by the end of 2016 we are still sitting around $300-400 level or lower... then I will panic.

So 2015 will somewhat be better than this year for bitcoin. I am still amazed that the price don't rise this year that much. There is many merchants that accept bitcoin, and I think that the demand for bitcoins will grow with that, but it don't seem to be like that.

2014 was a consolidation year, most markets were going up but now Bitcoin is stronger than a year ago and more than ready for the next step.

goldsun

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Quote from: Dafar on December 09, 2014, 12:05:22 PM

Quote from: goldsun on December 08, 2014, 08:31:01 PM

Quote from: Dafar on December 08, 2014, 10:31:22 AM

Still.... the negative news this year greatly outweighed the positives. The negatives were much louder and much more prevalent than relief over a couple of merchant adoption news here and there is not enough.

Merchant adoption is good and all... but I see this as something that will/should keep happening, hopefully at an accelerated rate as more infrastructure develops and as bitcoin becomes more popular. But it's not something to dance in the rain over... Dell and Newegg were good news and a step in the right direction for sure, Wikipedia just accepts it for donations and they hide it (so who cares)... but Netflix, Walmat, Target, Starbucks, Amazon would be even bigger than any of these.

So what do you think will happen in terms of the price in 2015? Will we see a uptrend?

I'm more confident in 2015 than I was this year... I don't think we will continue to go on a downtrend and see the price go down to the 200s and below. We may move stagnant for most of the year though, not sure, but I do think there is potential for a sharp rise sometime in 2015. We may start seeing the fruits of all the developments and VC money going into the ecosystem via increased adoption/userbase. I am also hoping that the wallstreet ETF goes live this year which should be bullish for bitcoin. But keep in mind the ETF isn't guaranteed and I can't predict the damage that may come from all the random negatives, but hopefully nothing as damaging as MtCox will happen next year.

It's refreshing to see all the FUD and negative sentiment around bitcoin at the moment...it's times like this where I feel like good times are ahead. Last year at this time people were unrealistically bullish.

If 2015 is similar to 2014, I am still going to hold out until 2016 for block halving... I think we should at least see a higher price by then (more users, more vendors, wallstreet, less supply). If by the end of 2016 we are still sitting around $300-400 level or lower... then I will panic.

So 2015 will somewhat be better than this year for bitcoin. I am still amazed that the price don't rise this year that much. There is many merchants that accept bitcoin, and I think that the demand for bitcoins will grow with that, but it don't seem to be like that.

mtwelve

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Okay gotcha thanks Cheesy

NotLambchop

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^Hi, I don't know if it's the right way to do it, but I just

click on the pic when it finishes uploading=>a new page opens, with just the pic=>copy the text in the address bar.
Or
right-click on the pic=>choose "copy image URL" from the drop-down menu.

Whichever's easier.

Edit: Also, try http://postimg.org/ , it's quick & foolproof.

mtwelve

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