2014: The Worst Year for BTC? - page 10.

thedonkdonk7

newbie

Activity: 14

Merit: 0

Quote from: DannyHamilton on September 03, 2014, 10:49:29 PM

Quote from: LiberyOrDeath on September 03, 2014, 10:29:34 PM

Even though we still have a few months to go until the end of 2014, chances are that this year might turn out to be the worst for BTC. By this I mean the first year so far that BTC will end up in negative territory, 2011, 2012, 2013 all ended with huge upward movements, yet this year we have fallen from January high of $900-$1000 to what we have know $475.

What does this signal in your opinion? This year has seen many breakthroughs and positive news, yet we are down more than 50% this year - unprecedented event in the history of BTC, since all the previous years ended with high gains. Does this mean that 2015 will be a huge year or is it just a small detour along the way?

What do you cryptoheads think about this phenomenon ?

Cheers,
Jay

September 4, 2013
1 BTC = $123

September 4, 2014
1 BTC = $475

That's an increase of $352 (286%) over 1 year.

It'll be interesting to see what happens in the remaining 4 months.

That's great.
Spetember 5,2014
1BTC=$488.
It is increasing and I hope end of the year it will reach $550.

LiberyOrDeath

full member

Activity: 140

Merit: 100

Quote from: Thekool1s on September 05, 2014, 03:52:20 AM

Its simple big companies are accepting btc but instead of holding they sell which in return doesn't increase the price of btc. So unless big companies don't hold the btc there will be this negative effect going on :/

So what you are saying is that there is a conspiracy by "big companies" to keep the price of bitcoin down? That's way far out there in the lala land - but then again in this crazy day and age nothing is impossible.

More reasonable argument would be that the "big companies" don't hold btc because of its volatility, I mean it's not as if they are getting swiss francs - they are dealing with an financial instrument that can go 50% down or up in a matter of days if not hours. It is only reasonable that they behave in such a manner - it's called minimizing risk.

To sum it up: Your conspiracy theory about "big companies" is flawed. This has been circulating on the net for months now, and people just repeat this claim without any proof whatsoever.

Answer me one question please: If you were CEO of Amazon and you started accepting BTC as a form of payment, would you hoard it or would you change it into USD, EUR, Sterling, Swiss Franc, Gold, Silver etc ?

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: Beliathon on September 05, 2014, 03:35:38 AM

Quote from: beetcoin on September 04, 2014, 08:45:06 PM

...we'd have to compare prices on january 1 to whatever it'll be on december 31. if i recall correctly, we started the year out in the 900's.

Yes, we can all agree how important it is to evaluate Bitcoin's performance by selecting the correct arbitrary start and end dates, which should naturally be based on the position of the earth on its revolution around the sun.

After all, one should always measure new technologies like Bitcoin by finding the oldest and least relevant technology one can think of, and applying it without thought or reason.

/sarcasm

Really, guys? I expect more intelligence from my fellow Bitcoiners. You disappoint me.

Forget the dates. Dates don't matter - study the patterns.

I dislike the 'you are here' charts. The reality is that no one knows what is going to happen. While there are some patterns, they never lead to accurate predictions. And more often than not, patterns and TA is manipulated to support a trader's pre-determined mindset.

Having said that, I remain bullish for the rest of this year

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: DannyHamilton on September 03, 2014, 10:49:29 PM

Quote from: LiberyOrDeath on September 03, 2014, 10:29:34 PM

Even though we still have a few months to go until the end of 2014, chances are that this year might turn out to be the worst for BTC. By this I mean the first year so far that BTC will end up in negative territory, 2011, 2012, 2013 all ended with huge upward movements, yet this year we have fallen from January high of $900-$1000 to what we have know $475.

What does this signal in your opinion? This year has seen many breakthroughs and positive news, yet we are down more than 50% this year - unprecedented event in the history of BTC, since all the previous years ended with high gains. Does this mean that 2015 will be a huge year or is it just a small detour along the way?

What do you cryptoheads think about this phenomenon ?

Cheers,
Jay

September 4, 2013
1 BTC = $123

September 4, 2014
1 BTC = $475

That's an increase of $352 (286%) over 1 year.

It'll be interesting to see what happens in the remaining 4 months.

From $123 it went up to $1200. So, expecting $475 will go up to $4700 too. Buy time ? Wink

bitdraw

hero member

Activity: 504

Merit: 500

Quote from: haploid23 on September 05, 2014, 04:13:48 AM

Quote from: ?? on ??

I think the real price of Bitcoin at this stage is 300-400 usd right now. All above that value is manipulation.

Quote from: promojo on September 04, 2014, 03:46:05 PM

I agree with you on this one... Current value worth anywhere from 200 to 400 USD/coin.

On the basis of what? This thread is starting to veer off to speculation with these kinds of posts.

most people just throw out random predictions without backing it up by anything.

i dont think anyone can predict the real "value" of bitcoin at this point, as we are in a far to early stage...

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: ?? on ??

The price is not always connect to reality: manipulation and a wrong perception of reality can really create bubbles.
I think the real price of Bitcoin at this stage is 300-400 usd right now. All above that value is manipulation.
It's a good thing. After all, it's the public deciding its value, not momentary pumps.
Adoption ps takes time, but the reward could arrive in a short time. My guess? November 2014.

for reward you mean a rise of the price?

haploid23

legendary

Activity: 812

Merit: 1002

Quote from: ?? on ??

I think the real price of Bitcoin at this stage is 300-400 usd right now. All above that value is manipulation.

Quote from: promojo on September 04, 2014, 03:46:05 PM

I agree with you on this one... Current value worth anywhere from 200 to 400 USD/coin.

On the basis of what? This thread is starting to veer off to speculation with these kinds of posts.

BitCoinNutJob

legendary

Activity: 1330

Merit: 1000

Quote from: LiberyOrDeath on September 03, 2014, 10:29:34 PM

Even though we still have a few months to go until the end of 2014, chances are that this year might turn out to be the worst for BTC. By this I mean the first year so far that BTC will end up in negative territory, 2011, 2012, 2013 all ended with huge upward movements, yet this year we have fallen from January high of $900-$1000 to what we have know $475.

What does this signal in your opinion?

Its just a timing issue we dont have to break everything down by years necessarily. Why not break it down by months, days or 10 year periods?

Thekool1s

legendary

Activity: 1512

Merit: 1218

Change is in your hands

Its simple big companies are accepting btc but instead of holding they sell which in return doesn't increase the price of btc. So unless big companies don't hold the btc there will be this negative effect going on :/

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: beetcoin on September 04, 2014, 08:45:06 PM

...we'd have to compare prices on january 1 to whatever it'll be on december 31. if i recall correctly, we started the year out in the 900's.

Yes, we can all agree how important it is to evaluate Bitcoin's performance by selecting the correct arbitrary start and end dates, which should naturally be based on the position of the earth on its revolution around the sun.

After all, one should always measure new technologies like Bitcoin by finding the oldest and least relevant technology one can think of, and applying it without thought or reason.

/sarcasm

Really, guys? I expect more intelligence from my fellow Bitcoiners. You disappoint me.

Forget the dates. Dates don't matter - study the patterns.

Suzuki

newbie

Activity: 58

Merit: 0

I would say this year was pretty boring, but i can't call it bad. We didn't experience any dramatical price drops, so the year was okay.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: galbros on September 04, 2014, 05:09:35 PM

Quote from: DannyHamilton on September 03, 2014, 10:49:29 PM

September 4, 2013
1 BTC = $123

September 4, 2014
1 BTC = $475

That's an increase of $352 (286%) over 1 year.

It'll be interesting to see what happens in the remaining 4 months.

I agree with DH. This year is no worse than last when we were all worried about the drop from the 250 to 100. Too early to close the books on the year. However, even if BTC ends at this level it will still be a year of consolidation. There are threats to bitcoin but it seems to keep chugging along.

we're talking about 2014 though, so we'd have to compare prices on january 1 to whatever it'll be on december 31. if i recall correctly, we started the year out in the 900's.

galbros

legendary

Activity: 1022

Merit: 1000

Quote from: DannyHamilton on September 03, 2014, 10:49:29 PM

September 4, 2013
1 BTC = $123

September 4, 2014
1 BTC = $475

That's an increase of $352 (286%) over 1 year.

It'll be interesting to see what happens in the remaining 4 months.

I agree with DH. This year is no worse than last when we were all worried about the drop from the 250 to 100. Too early to close the books on the year. However, even if BTC ends at this level it will still be a year of consolidation. There are threats to bitcoin but it seems to keep chugging along.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Are you looking at it from an economical point of view, merely a price-oriented one? Then until now yes, it doesn't look necessarily good. Also we've seen the fall of Mt. Gox - which may be a veyr bad thing or a very good thing in the long term. All in all I guess there have been many good and even great developments in the ecosystem when it comes to Bitcoin, so I wouldn't say it was a bad year per se. Also, it may still turn out great!

promojo

sr. member

Activity: 420

Merit: 250

Quote from: ?? on ??

The price is not always connect to reality: manipulation and a wrong perception of reality can really create bubbles.
I think the real price of Bitcoin at this stage is 300-400 usd right now. All above that value is manipulation.
It's a good thing. After all, it's the public deciding its value, not momentary pumps.
Adoption ps takes time, but the reward could arrive in a short time. My guess? November 2014.

I agree with you on this one... Current value worth anywhere from 200 to 400 USD/coin.

beetcoin

sr. member

Activity: 434

Merit: 250

in terms of adoption, it's by far the best year for bitcoin.. i mean, we have a list of 10 really big companies that adopted bitcoin. in terms of price, no. so it just depends on your perspective.

bryant.coleman

legendary

Activity: 3808

Merit: 1219

I don't know why people are so impatient. Bitcoin already gave more than 10,000% gains in 2013. Why don't you wait until the end of 2014 before complaining about the returns? The Apple stock took almost 15 years to reach $700 from $20. Yet, the investors were overjoyed with the returns. Bitcoin investors need not wait for 15 years. But what about 3 years?

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

Boring year, that is for sure.

I got in early enough to be quite satisfied with the value of my holdings.

If you read the news section you can see that the adoption process is happening quietly behind the scenes. It will be a while longer, but we are well on the way to seeing btc as a ubiquitous method of $transfer if not THE favoured method. Wait a few more years.

atta2k15

sr. member

Activity: 315

Merit: 250

Do you think 2015 will be any better? #fail

gjgjg

sr. member

Activity: 448

Merit: 250

https://bitcointalksearch.org/topic/m.8445665

2014 is a great year for BTC price and fundamentals; as long as we dont dip below the last low of ~$50 then we are still pointing up. I know $51 price now would seem like the sky is falling but really, technically that is possible (I think its pretty unlikely though).
Ofc the nature of the market has changed a lot this year, so the price could stabilize below the last high. But since adoption levels are still in their infancy (IMHO the main upward pressure creator) I think weve more head room above and so I think there is still time for a new higher high price. IMO!

Topic: 2014: The Worst Year for BTC? - page 10. (Read 11192 times)