Topic: 2014 is NOT the year of bitcoin, sorry - page 12. (Read 19639 times)
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
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.
btc haven't done that good in 2014 till now, but then again a year is of 365 days, 5 hours, 48 minutes, 46 seconds so we got a lot of time . I never like to judge things too early.. will wait ..
FUD year 
Do think this is a great time to buy.
Even the negative publicity is helping. If you're trading over mining then every drop and raise in price is potential. Media are all "OMG@BTC DERP FUD DERP FUD - Is this the end of BTC?"
And when they eventually come round and go "hey why don't you buy $5 and see what happens?"......
Even the negative publicity is helping. If you're trading over mining then every drop and raise in price is potential. Media are all "OMG@BTC DERP FUD DERP FUD - Is this the end of BTC?"
And when they eventually come round and go "hey why don't you buy $5 and see what happens?"......
This is the best time to buy in the last 3-4 months.
OP just spreading fud, 2014 will be booming!
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.
We're talking about an industry countries are hindering but it is a billion dollar industry! Cryptocurrencies would be a great one world currency 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.
2014 WILL be a VERY good year for Bitcoin!
Have some faith and ambition, it's all about innovating companies affiliated with BTC and bringing in jobs for the international community! Speaking three languages fluently I can say that I'm putting a damper on learning another spoken language and primarily learning code, learning to code with the amount of advancement in technology (Computing power DOUBLES nearly every 18+ months, only because large companies want to make you wait and spend a ton of money on hardware that costs cents, for example BFL miners LOL..Apple's iPhone, come out with new iPhones with old technology, make them even cheaper and charge even more!)
Your expectations for 2014 are too depressing.
OP mad for buying in at the wrong time.
...you are not a professor of economics...
Funny you bring this up. I had a fairly lengthy conversation over Thanksgiving weekend with a macro econ professor at a well-known university in the US and in the conversation he kept falling back to comments that showed zero understanding of how Bitcoin works and how it is different. This conversation just confirmed for me how long the road is to people really understanding Digital Currencies and how they are and can be different. Although an econ professor is probably more likely to fall back to concepts and patterns that they understand and live/teach everyday, I think many of those same points are valid for the uninformed public as well.
Maybe not totally relevant to the topic, but the point of us having a long way to go is still important, IMO.
It was $25/coin one year ago today
The price is going to raise , stay steady for 2014 !
Keep the FUD coming, I have more BTC I need to buy and I'm loving the discount rates thanks to suckers like OP.
Jesus...
Do you realize we are 11.5% through the year?
That's about 42 days.
Last year's meteoric rise from 200 to 1200 took place in less time than that.
The fact is nobody has a fucking clue what is going to happen despite you thinking you know otherwise.
You are not an Amazon.com executive who is "in the know" about the next big move, you are not the FBI agent with his finger on the sell button for those Silk Road coins, you are not a professor of economics, are you are not Marty fucking McFly.
In July the price could be nearing $2,000 and every post will be talking about how close we are to "da moon". Nobody knows.
I don't like the speculation forum - I only use it a few minutes each day to fantasize about $100,000 Bitcoins, then I snap back into reality. Welcome to it.
Edit: Nevermind, I'm like 90% sure I just got trolled.
Do you realize we are 11.5% through the year?
That's about 42 days.
Last year's meteoric rise from 200 to 1200 took place in less time than that.
The fact is nobody has a fucking clue what is going to happen despite you thinking you know otherwise.
You are not an Amazon.com executive who is "in the know" about the next big move, you are not the FBI agent with his finger on the sell button for those Silk Road coins, you are not a professor of economics, are you are not Marty fucking McFly.
In July the price could be nearing $2,000 and every post will be talking about how close we are to "da moon". Nobody knows.
I don't like the speculation forum - I only use it a few minutes each day to fantasize about $100,000 Bitcoins, then I snap back into reality. Welcome to it.
Edit: Nevermind, I'm like 90% sure I just got trolled.
Yup. You were trolled. But what a darn good reply!
it is february. Just be patient man. I'll be back in this thread in July to discuss again.
When legalisation news starting popup no one can stop Bitcoin raising over 10k dollars. 
it is february. Just be patient man.
+1i think the OP invested in december 2013 and hoped to triple his money in under 3 months. i hope the guy aint a doctor, coz he is no good with patience(patients)
Its Bitcoin year , remember when theres big drop there will be big raise
Posts like these make me ever more confident that now's the time to be buying.
Greedy when others are fearful... the principle of maximum pessimism.
Keep the bad press coming folks, I got orders that gotta get filled...
Greedy when others are fearful... the principle of maximum pessimism.
Keep the bad press coming folks, I got orders that gotta get filled...
"Greedy when others are fearful" is fine, but greedy when significant bug is uncovered and exchanges are locking customer withdrawals one by one is just irrational. I think a lot of people will be starry eyed when we hit the $600 and $500 marks (cheap coins!) but as the reality of the situation sinks in over the next few days and prices drop even further, we're going to see a major rush to the exits that will get ugly.
A major bug. That's what I hope all the lemmings believe. Cause that means cheap coins that rebound fast once those lemmings figure out it was never a "major bug", and the fundamental technology behind bitcoin is solid.
OP: "derp 1 crash derp game over derp bitcoin dead"
Haha, that is not what I said at all. I still think bitcoin is here to stay and eventually it will head "to the moon"... but a common sentiment around here was that 2014 would be the year of bitcoin, which I'm assuming means the price will continue to rise from last year's momentum. I just don't see that happening yet. I think we're gonna continue in the $700-900 range for months, maybe even for the rest of this year.
No, nobody knows what will happen this year. I personally think that we are in for a hell of a bumpy ride with all the new regulatory attention to bitcoin, but if we play our cards right we'll be heading for the moon. I'll buy til' the end.
OP, you do as you wish, and I hope that this year proves you wrong.
OP, you do as you wish, and I hope that this year proves you wrong.
All I am doing is holding, trading alts to increase my overall BTC count, and buying small amounts when it falls below $650. Like I said in the OP it was $635 when I was writing this and it's been up since then. Seems like there's still a strong resistance at the 650 mark which is pretty impressive considering all the shit going on.
It hasn't started that way, but still there is more then enough time for it to end that way. I mean you never know how it will proceed from here. It could get a lot better, or lot worse.
That's true
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