2014: The Worst Year for BTC? - page 11.

gjgjg

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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!

MoonTime

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Agree with you, I hope 2015 will be a good year for BTC holders. I suffered heavy loss this year.

johnyj

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Beyond Imagination

Previous two major rally were caused by the technology shift: From CPU to GPU and GPU to ASIC, both of them increased the hash power by at least 100 times thus made many users without new miner no option but to purchase directly from the market

Now the technology has all shifted to ASIC, there is no further technology can increase the efficiency by that amount, it will only improve gradually over time, thus the exchange rate will not get that kind of push, but a slow and steady rise

For mass adoption, the security of bitcoin must improve dramatically, which is still very difficult for average Joe

LiteCoinGuy

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In Satoshi I Trust

no, the best year Wink

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: 2double0 on September 04, 2014, 11:29:06 AM

True that, adoption has sparked right up

Yep. Adoption happens irrespective of current price. If a technology is useful, it will come into use. Bitcoin is useful, plain and simple.

Price follows adoption, not the other way around. Consider, dear reader, the implications of what I just told you...

2double0

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Quote from: kutaka on September 04, 2014, 04:39:36 AM

Quote

2014: The Worst Year for BTC Price?

Fixed that for you.

True that, adoption has sparked right up

Rockefeller

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Quote from: Mybitcoinz on September 04, 2014, 10:14:48 AM

It's only a matter of time, in some months bitcoin will rise again but no one can predict if it will be in this year on in the 2015.

Agreed here. Bitcoin is such an unpredictable thing.

BitcoinBadger

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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

The eventual rise in bitcoin that has raised its value to $1k+ was a serious pump.These days bitcoin is making its usual peak and that what it should be always.More volatility leads to failure

Mybitcoinz

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It's only a matter of time, in some months bitcoin will rise again but no one can predict if it will be in this year on in the 2015.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Kprawn on September 04, 2014, 02:10:32 AM

I am not worried at all.... Only reason for this, was big merchants coming in {Lots of new things to buy}, and hoarder spending coins. Then you have a "floading" or over supply of coins on exchange, pushing the price down.

As soon as the demand for BTC increase, when the hoarders stop spending and the "over supply" are reduced, the market will correct it self, and the price will skyrocket again.

Yep. This guy gets it.

Two images to help illustrate the point:

Kprawn

legendary

Activity: 1904

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Well, the good thing is, transaction volume has gone UP. {So people are using the currency more}

If they convert to fiat, all the time, it will have the exact affect, I described in my previous post. {Over supply of BTC on the exchange}

Only way to rectify that, would be for people to buy more coins, while the price is still low and to get more people to buy BTC Grin

Ludi

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I don't see how it's been worse since we've seen a lot of adoption, but maybe if all you wanted was the price to keep going up then maybe. There's still four months left yet.

asdlolciterquit

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Quote from: hikedoon on September 03, 2014, 11:50:55 PM

This has been a great year for BTC. imo.
If the price had stayed at around $1000 then I wouldn't have bought any.

so, btc has a great year (only?) because you have bought few coins? Roll Eyes

LiberyOrDeath

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Quote from: kutaka on September 04, 2014, 04:39:36 AM

Quote

2014: The Worst Year for BTC Price?

Fixed that for you.

Thanks...That was my point.

NavalStrike

newbie

Activity: 33

Merit: 0

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

I'm not sure that 2014 is a worst year. You know wny? Something bad can happen in a few years later =D
But anyway, we should be strong and someday we will see the result of our powerfull will

oceans

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Activity: 406

Merit: 250

In terms of price for bitcoin it's not looking too good at all and could be one of the worst years regarding that. As for how far bitcoin has reached and how many are now accepting bitcoin as a form of payment I feel that has done really well for 2014 as there seems to be more and more companies jumping in and wanting to accept bitcoin in some form whether it be for payments or just as donations.

kutaka

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Quote

2014: The Worst Year for BTC Price?

Fixed that for you.

nwfella

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Well hello there!

Quote from: promojo on September 03, 2014, 11:53:38 PM

What ever happened with "once we get retailer adoption = to the moon". We have global online company's offering it as payment but no moon shot. Is that because of miners/hoarders or because merchants are directly cashing out to fiat?

The majority of retailers starting to accept bitcoin are only doing so with the intention of immediately cashing out to fiat. This inevitably has a downward pressure effect on the price of bitcoin.

zedicus

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Price wise it is looking grim (although we still have 4 months left) but the amount of VC funding and development has been incredible. I won't make judgement until we are closer to years end. It has only been a bad year for those who bought on the high. I always stop buying once a rally begins.

ObscureBean

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I don't think there is anything to worry about here. This drop in price is probably even healthy for the Bitcoin ecosystem. Not all of early adopters are hoarders, a lot of people have probably been cashing out, especially after the Gox scare. Imagine a college kid who accumulated 50 BTC worth nothing in 2010 see the price of 1 BTC go up to $1000 in 2013. That's okay though because these guys are helping in redistributing the coins and further increase the reach of BTC. This downward trend will likely not last for very long, I believe we will see a trend reversal before the end of 2015.

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