Topic: 2014: The Worst Year for BTC? - page 12. (Read 11168 times)
If I look at adoption and development, I say 2014 is best year for Bitcoin so far. The last year price from sept 4 is increase, but I do not expect the price to rise to over 1k this year, so we will see probably longest price drop so far, but it mean very little to me comparing obvious Bitcoin success so far
I dont think the measurement of bad or good is depending the price movements. It is for speculators who are sensitive to the price level. I think 2014 is good year. Many big companies are accepting BTC payment. More people get to know what is BTC.
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.
To speed up this process, all of us, must help, even the merchants, to get more people to adopt the currency, to stimulate demand.
As soon as there is a bigger demand for the coins, than there is a supply of it.. you will not believe, how the price will go up.
So start, getting more people to adopt the currency, and see what happens.
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.
To speed up this process, all of us, must help, even the merchants, to get more people to adopt the currency, to stimulate demand.
As soon as there is a bigger demand for the coins, than there is a supply of it.. you will not believe, how the price will go up.
So start, getting more people to adopt the currency, and see what happens.
2014 was dubbed year of multisig, however I still haven't found a reliable multisig app or software wallet. I believe 2014 has been the year an industry was born. I think Andeas made a comment regarding this a month or 2 ago in one of his talks. Development this year in the crypto industry is unprecedented. We went from having some professionals participating here and there in this wild west environment to the environment itself becoming professional.
I argue this is the best year for bitcoin and we should expect all this work to payoff soon in the price.
I argue this is the best year for bitcoin and we should expect all this work to payoff soon in the price.
Worst year is not really saying much. Crypto currency hasn't only been around for a few years. Just because the end of last year had a huge spike, doesn't predict that it will happen again around the same time. Personally, I don't think we'll see that much of an epic rise again. For the same effect, btc price will have to rise to at least the $4k range from current levels for it to be comparable to last year. I don't see that happening any time in the next few years.
Thoughout the last 2 years we've been witnessing the groth of Bitcoin's popularity. Now it is all over the place, maybe this is the reason?
Anyhow, 2014 is still not over. Maybe smth wil change.
Anyhow, 2014 is still not over. Maybe smth wil change.
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?
Probably both.
Anyway, I believe that many cryptoheads expect to see the same scenario from 2013, a huge rise at the end of the year , October, November and into December. The thing is BTC price has so far followed no patterns and while everybody and their brother are expecting to see prices triple up before Christmas, that just might not happen. The again who knows, it's a coin toss anyway. However I believe that from 2016 on we will see important price movements, but until then this year and possibly 2015 the price will prick around 400-700 USD.
Just my 2 satoshis,
Jay
BTC price has not been upto the expectations this year but that doesn't mean it's worst. These are the buying times and as per predictions I still hope price will be rise up to 800 by the end of this year.
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?
This has been a great year for BTC. imo.
If the price had stayed at around $1000 then I wouldn't have bought any.
If the price had stayed at around $1000 then I wouldn't have bought any.
Nation state fiat scrip has no true value, it's deteriorating funny-money - a depreciating asset in a depreciating world. The fiat exchange price merely indicates the collective piss-poor pattern recognition skills of humanity, and their lack of respect for mathematics.
Seriously though, look around you. People are stupid, stunningly stupid and obedient. How do you think the world got to be in such a sorry state?
Anyway, just give it time. The wise future-human holds and waits for the game to play itself out in the way the laws of the universe dictate it must.
Seriously though, look around you. People are stupid, stunningly stupid and obedient. How do you think the world got to be in such a sorry state?
Anyway, just give it time. The wise future-human holds and waits for the game to play itself out in the way the laws of the universe dictate it must.
In terms of price action alone, yes
But I think 2014 has been a momentous year in terms of mainstreaming btc and most importantly highlighting the limitless possibilities of blockchain technology
But I think 2014 has been a momentous year in terms of mainstreaming btc and most importantly highlighting the limitless possibilities of blockchain technology
Still 118 days until the end of the year. Enough for a newbie signed up today becomes a member, for example.
Many things can happen. The last rally from 200's - 100's took less than 118 days, for example.
Let the battle ends to call it a loss.
Many things can happen. The last rally from 200's - 100's took less than 118 days, for example.
Let the battle ends to call it a loss.
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
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.
It could very well turn out to be the worst in terms of price per BTC, but it is still one of the best in the development of all the possibilities that bitcoin brings to the table. All the advances will still lead to long term gains, i am very confident.
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
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
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