Nevar Forget
Maybe it's too early to judge.
Topic: 2014 is NOT the year of bitcoin, sorry - page 11. (Read 19640 times)
Bitcoin was @ 1200$ December 2013.
Nevar Forget
Maybe it's too early to judge.
Nevar Forget
Maybe it's too early to judge.
Yeah, I agree that people are scared and it looks like a lot are panic selling with all the FUD being spread. I'm pretty sure the Gox price has a lot to do with it... looks like some are selling out really low which is dragging the price down, but it looks to be stabilizing. I'm not sure it will go sub $500 because there are a lot of options waiting to snap up large amounts before it gets there which should stop the price from going that low.
Once everyone starts to realize that Bitcoin is not illegal, things should turn around
Remember: you only make a loss once you sell.
Once everyone starts to realize that Bitcoin is not illegal, things should turn around
Remember: you only make a loss once you sell.
Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.
We're not going up at all yet, check the 4 hour ema chart on bitcoinwisdom; it clearly shows a continued downward slide. we're only one or two bad news stories from sliding down past $500 into the next line of resistence at $380. the last bubble isn't too far behind us; what's happening now is people are losing their faith. no worries though, stick through this and we'll be rewarded eventually. but as OP has assessed, it may not be until next year that we see a ROI.
Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.
i am not sure of that. I have invested almost everything I have in btc and now I fear I am funked. I am thousands dollars under right now. I hope you are right. I cannot tolerate more loss. I have a child and I am 25.
Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.
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.
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.
Bitcoins been over for a while, 2014 is the year of crypto coin 2.0 bitshares is the best emerging exchange network
2014 is the year of the alts
OP is the guy who borrowed $1 million from his Dad to buy bitcoins when they were $1000+
Looks like he's down about 300 grand right now:
Don't worry about it though, hold long enough and you will profit massively.
Looks like he's down about 300 grand right now:
Don't worry about it though, hold long enough and you will profit massively.
Way too early in the year to make any sort of prediction like that. Especially when the first few weeks/month of the year started out with large retailers accepting bitcoin and other good news coming out.
We've had like 1 week of bad news. Lets calm down a bit and stop overreacting.
Anyways, technical issues and exchange issues are a good thing in the long run. It allows improvements to be made as time goes on so the same thing doesnt happen again in the future.
We've had like 1 week of bad news. Lets calm down a bit and stop overreacting.
Anyways, technical issues and exchange issues are a good thing in the long run. It allows improvements to be made as time goes on so the same thing doesnt happen again in the future.
We dont know what will happen tomorrow, this forcasting based on momentary feelings is useless.
http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
if news like these will hit big news media, year 2014 very well can be the year of Bitcoin.
http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212
if news like these will hit big news media, year 2014 very well can be the year of Bitcoin.
Tell us more of the future. 
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.
I like that , the reason people are using bitcoin is this might be the currecy to use in next generation or in the future .
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.
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.
You're a towel.
Tell us more of the future.
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.
Let's see, with all of the hurdles we had to overcome last year we still went up 100x.
So, using the undervalued GOX price right at this second at $462 we could end up at $46,200 at the end of the year.
So, using the undervalued GOX price right at this second at $462 we could end up at $46,200 at the end of the year.
When there is blood in the streets, buy.
2014 will be the year of the bitcoin ATM! It's all about easing the transformation and making it accessible. Bitcoin is only 'crashing' right now to help those who feel they missed the boat also get on board... Satoshi probably built it into the source code 
Agree.. the countries where btc is already legalized must get btc atm's that will make it more popular and will give btc's more and more required exposure ..!
I heard folks clamoring for the death knell of bitcoin many times back in 2013 as well.
There was a time when we weren't even sure bitcoin was legal in the United States, and concerns about Fincen were rampant.
March saw a very sharp drop in the market following a hard fork, which the devs subsequently fixed and things returned to normal a week later
No one was sure whether ASICs existed for a time, and BFL and Avalon had longer delays than your average gestation period for an elephant. There are more failed and scam mining companies than I can count
Exchanges, wallets, and services, and businesses were getting hacked, shut down, or flopping. The list of failures is substantial: Ziggap, Bitinstant, Bitspend, Instawallet, bitcoin24, inputs.io, those are just off the top of my head. On and on we go.
MtGox was screwing up even back then with the DDoS attacks, Dwolla fiasco, seized funds for failing to register as an MSB, and growing withdrawal delays that basically started the long slow death of their market
You couldn't read 10 sentences into a media article on Bitcoin without some kind of mention of the silk road and other scandalous dark purposes people could possibly use their money for.
Economists balked, businesses bypassed it, Paypal, banks, and ebay screwed users over or cut them off when trying to use it.
Government seizures of hidden websites caused panic. Financial Authorities issued warnings against it. Regulatory hurdles stifled the development of new ETF markets and ATM services. Tax questions caused uncertainty. China Boomed, then restricted bitcoin. India floundered. Several European countries including France looked down their nose at BTC. December saw a series of enormous crashes and pullbacks from all time highs.
And you know what? we're still here
Price went up over 100-fold in 2013. Adoption rate exploded. More people are interested in it than ever before and new ideas and talents are being brought to the table. I cannot even begin to imagine what 2014 has in store.
There was a time when we weren't even sure bitcoin was legal in the United States, and concerns about Fincen were rampant.
March saw a very sharp drop in the market following a hard fork, which the devs subsequently fixed and things returned to normal a week later
No one was sure whether ASICs existed for a time, and BFL and Avalon had longer delays than your average gestation period for an elephant. There are more failed and scam mining companies than I can count
Exchanges, wallets, and services, and businesses were getting hacked, shut down, or flopping. The list of failures is substantial: Ziggap, Bitinstant, Bitspend, Instawallet, bitcoin24, inputs.io, those are just off the top of my head. On and on we go.
MtGox was screwing up even back then with the DDoS attacks, Dwolla fiasco, seized funds for failing to register as an MSB, and growing withdrawal delays that basically started the long slow death of their market
You couldn't read 10 sentences into a media article on Bitcoin without some kind of mention of the silk road and other scandalous dark purposes people could possibly use their money for.
Economists balked, businesses bypassed it, Paypal, banks, and ebay screwed users over or cut them off when trying to use it.
Government seizures of hidden websites caused panic. Financial Authorities issued warnings against it. Regulatory hurdles stifled the development of new ETF markets and ATM services. Tax questions caused uncertainty. China Boomed, then restricted bitcoin. India floundered. Several European countries including France looked down their nose at BTC. December saw a series of enormous crashes and pullbacks from all time highs.
And you know what? we're still here
Price went up over 100-fold in 2013. Adoption rate exploded. More people are interested in it than ever before and new ideas and talents are being brought to the table. I cannot even begin to imagine what 2014 has in store.
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
Two bad weeks in February and it's a "bad year"?
What was wrong with January? We had a very stable price and a steady stream of good if not amazing news.
People were even complaining that bitcoin got boring. It should be boring, because this is a time when tons of infrastructure work is being done behind the scenes. Remember all the VC that's been dumped into BTC startups last year? That money will take some time to surface as new services. By summer, if not sooner, we'll be seeing the fruits of that investment.
What was wrong with January? We had a very stable price and a steady stream of good if not amazing news.
People were even complaining that bitcoin got boring. It should be boring, because this is a time when tons of infrastructure work is being done behind the scenes. Remember all the VC that's been dumped into BTC startups last year? That money will take some time to surface as new services. By summer, if not sooner, we'll be seeing the fruits of that investment.
Time moves fast in Bitcoinworld. Two months is essentially 3-4 months in real time
.2014 will be the year of the bitcoin ATM! It's all about easing the transformation and making it accessible. Bitcoin is only 'crashing' right now to help those who feel they missed the boat also get on board... Satoshi probably built it into the source code
I'm sure these ATMs will start popping up all over the place during the course of the year. This year has gotten off to a arguably bad / slow start, but I'm sure this will change soon enough. I think people just start panicking if their money isn't growing like they'd hope, but those people are probably in Bitcoin for the wrong reasons anyway.
Jump to: