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Topic: 2014 is NOT the year of bitcoin, sorry - page 2. (Read 19640 times)

sr. member
Activity: 378
Merit: 254
December 10, 2014, 05:25:45 PM
Is the price decrease we're experiencing right now just people cashing out for Christmas or just with the grander scheme of things?

When you see multi-thousand BTC sells on an exchange, ask yourself:  Who's the lucky girl getting the nice Christmas present?
legendary
Activity: 1330
Merit: 1009
December 10, 2014, 05:20:16 PM
Is the price decrease we're experiencing right now just people cashing out for Christmas or just with the grander scheme of things?
legendary
Activity: 1330
Merit: 1000
dafar consulting
December 10, 2014, 09:13:57 AM
2014 is the year for adoption.

I feel like 2013 was also the year of adoption... it was the year bitcoin was all over the media, the awareness exponentially spiked and so did the # of wallets and addresses.


Is there data that shows that there was a higher rate of adoption in 2014 than 2013?
sr. member
Activity: 485
Merit: 274
December 10, 2014, 05:54:15 AM
My theory for the big rise last year was the initial buzz of bitcoin alongside people "stocking up for christmas" at sites like silk road.  Now the hype has died down and the feds have busted silk road and all the replacement sites, no one is buying.  I was really expecting it to go up around now.  As i said in my very first post here, i will start buying coins once it gets back down to $10.  Sad
sr. member
Activity: 406
Merit: 250
December 10, 2014, 05:37:45 AM
2014 is the year for adoption.
sr. member
Activity: 378
Merit: 254
December 09, 2014, 01:23:00 PM
...
I'm more confident in 2015 than I was this year...

Can't be much worse I suppose Cheesy
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
December 09, 2014, 01:08:45 PM
Quote
we're gonna be riding a shit storm all the way through the end of 2014.

Best way to kickstart a Year of FUD is with quotes like this.
Maybe he means a literal storm of shit? Like, a tornado hits a waste treatment plant and because a shitnadoTM, and then veers off toward the city?
legendary
Activity: 1330
Merit: 1000
dafar consulting
December 09, 2014, 12:05:22 PM
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.
full member
Activity: 123
Merit: 100
December 08, 2014, 08:31:01 PM
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?
legendary
Activity: 1330
Merit: 1009
December 08, 2014, 10:31:59 AM
Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.

Maybe year 6 is another bad year, but after that's it seems rock bottom. Then up we go Cheesy

Another year-long downtrend in 2015. That would be brutal. We'd touch double digits again. But we should all prepare for it. If bitcoin makes it to $10,000, it will just make for a better story for the grandkids.

I'd love for it to hit double digits again, buy so many BTC Cheesy
legendary
Activity: 1330
Merit: 1000
dafar consulting
December 08, 2014, 10:31:22 AM
In a way price is directly correlated with bitcoin's success. If you want any kind of mass adoption and stability... the price will need to be much higher than it is now. When the # of bitcoin users goes from 5 million to 100 million and more, the price will be much higher and there will be less people who will have a chance of owning 1 whole bitcoin.

So when people say "lol price doesn't matter, I can still buy my coffee with bitcoin regardless of price" I cringe.

Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.


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.

hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 08, 2014, 10:25:29 AM
Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.

Maybe year 6 is another bad year, but after that's it seems rock bottom. Then up we go Cheesy

Another year-long downtrend in 2015. That would be brutal. We'd touch double digits again. But we should all prepare for it. If bitcoin makes it to $10,000, it will just make for a better story for the grandkids.
legendary
Activity: 1330
Merit: 1009
December 08, 2014, 10:22:46 AM
Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.

Maybe year 6 is another bad year, but after that's it seems rock bottom. Then up we go Cheesy
hero member
Activity: 1372
Merit: 783
better everyday ♥
December 08, 2014, 10:18:07 AM
Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.
legendary
Activity: 1330
Merit: 1009
December 08, 2014, 10:15:51 AM
Credit where credit's due. I thought that the Winklevoss ETF would've been approved by now and that Wall Street would've entered bitcoin by Q4 2014, but I underestimated how slow the SEC and financial institutions move.

Haha me too, I wouldn't be surprised if it finally got released q4 2015 or even q1 2016...
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
December 08, 2014, 10:12:34 AM
Credit where credit's due. I thought that the Winklevoss ETF would've been approved by now and that Wall Street would've entered bitcoin by Q4 2014, but I underestimated how slow the SEC and financial institutions move.
sr. member
Activity: 406
Merit: 250
December 08, 2014, 09:43:32 AM
if it will reach 0$ then i will buy all 21 Million bitcoins Smiley
come on man , it won't happen ever

I shall create another coin.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
December 08, 2014, 07:24:33 AM
if it will reach 0$ then i will buy all 21 Million bitcoins Smiley
come on man , it won't happen ever

that's my plan too, damn!  Roll Eyes
legendary
Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
December 08, 2014, 06:19:57 AM
if it will reach 0$ then i will buy all 21 Million bitcoins Smiley
come on man , it won't happen ever
sr. member
Activity: 378
Merit: 254
December 07, 2014, 11:35:47 AM
it willnever reach 0, just because there will be always someone, who will buy at low price, including me.

You're right, as long as there's a d00d with a couple of netbooks mining, Bitcoin will live on.  Zero was a hypothetical--I doubt the price will fall below double digits any time soon.
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