2014: The Worst Year for BTC? - page 5.

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

Quote from: franky1 on September 22, 2014, 04:36:27 PM

its been mentioned before but lets highlight it again
in short
buy 10,000 coins in september 2009 and sell them in september 2010 = $599 profit (well under a cent each 2009 to 6c each 2010)
buy 10,000 coins in september 2010 and sell them in september 2011 = $53,700 profit (6c each 2010 to $5.43 each 2011)
buy 10,000 coins in september 2011 and sell them in september 2012 = $68,100 profit ($5.43 each 2011 to $12.24 each 2012)
buy 10,000 coins in september 2012 and sell them in september 2013 = $1,104,100 profit ($12.24 each 2012 to $12265 each 2013)
buy 10,000 coins in september 2013 and sell them in september 2014 = $2,623,500 profit ($122.65 each 2013 to $385 each 2014)

easily explained, buy 10k coins in 2013=$1,226,500. sell for $3,850,000 = $2,623,500

so based on a 10k coin purchase 2014 is the most profitable year based on FIAT not percent

This argument will stop working from November onwards, lmao.

Nov 30 2013 - $1163

Nov 30 2014 - $163 Grin

franky1

legendary

Activity: 4410

Merit: 4788

its been mentioned before but lets highlight it again
in short
buy 10,000 coins in september 2009 and sell them in september 2010 = $599 profit (well under a cent each 2009 to 6c each 2010)
buy 10,000 coins in september 2010 and sell them in september 2011 = $53,700 profit (6c each 2010 to $5.43 each 2011)
buy 10,000 coins in september 2011 and sell them in september 2012 = $68,100 profit ($5.43 each 2011 to $12.24 each 2012)
buy 10,000 coins in september 2012 and sell them in september 2013 = $1,104,100 profit ($12.24 each 2012 to $12265 each 2013)
buy 10,000 coins in september 2013 and sell them in september 2014 = $2,623,500 profit ($122.65 each 2013 to $385 each 2014)

easily explained, buy 10k coins in 2013=$1,226,500. sell for $3,850,000 = $2,623,500

so based on a 10k coin purchase 2014 is the most profitable year based on FIAT not percent

jack_night2

newbie

Activity: 3

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

Yes, looking for a course here http://www.bitcoincours.com or http://mining-profit.com, you know that the price actually falls. But I think that next year the rate will stabilize and grow up to a rate of $ 1,500. Objective reasons for the collapse of Bitcoin is not.

Giggs

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I'm sure there'll be worse years or times than this. Imagine of the price goes up to thousands then crashes back down for whatever reasons.

The Beef

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Quote from: BIGbangTheory on September 15, 2014, 11:49:00 PM

Quote from: Tai Zen on September 15, 2014, 09:05:38 PM

A year ago I never thought I would be able to:

-- buy the world's most powerful laptop from dell with btc...

-- book a flight with expedia...

-- see Bank of America take time out from pillaging the public to report on btc...
https://ciphrex.com/archive/bofa-bitcoin.pdf

-- see bank of england step away from the money printing presses to put out, not one, but 2 reports on btc today...
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx

As far as I'm concerned.... 2014 has been a GREAT year for btc and I'm sticking to my original $2,000-$9,800 price target for btc in 2014:
http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

I agree. In terms of the potential uses for bitoin, it has been a great year. The same is true regarding investment in bitcoin related infrastructure.

I am not so sure about your price predictions though. If the price is increasing too rapidly then people will not want to spend their bitcoin which would hurt it over the long term

And with Braintree, Paypal and Breadwallet.. Everything is amazing.

betterchoice

newbie

Activity: 30

Merit: 0

not the worst year.maybe it's a good sight.

BIGbangTheory

member

Activity: 83

Merit: 10

Quote from: Tai Zen on September 15, 2014, 09:05:38 PM

A year ago I never thought I would be able to:

-- buy the world's most powerful laptop from dell with btc...

-- book a flight with expedia...

-- see Bank of America take time out from pillaging the public to report on btc...
https://ciphrex.com/archive/bofa-bitcoin.pdf

-- see bank of england step away from the money printing presses to put out, not one, but 2 reports on btc today...
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx

As far as I'm concerned.... 2014 has been a GREAT year for btc and I'm sticking to my original $2,000-$9,800 price target for btc in 2014:
http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

I agree. In terms of the potential uses for bitoin, it has been a great year. The same is true regarding investment in bitcoin related infrastructure.

I am not so sure about your price predictions though. If the price is increasing too rapidly then people will not want to spend their bitcoin which would hurt it over the long term

CoinFan10076

newbie

Activity: 9

Merit: 0

Quote from: TrailingComet on September 03, 2014, 11:24:32 PM

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

Agree with this. A lot more goes into the idea of success than just price point. Having big merchants start accepting BTC along with well known people like Branson get on board certain moves things more into the mainstream.

riiiiising

full member

Activity: 336

Merit: 100

bitcoin going up, don't worry! hold!

Tai Zen

member

Activity: 67

Merit: 10

A year ago I never thought I would be able to:

-- buy the world's most powerful laptop from dell with btc...

-- book a flight with expedia...

-- see Bank of America take time out from pillaging the public to report on btc...
https://ciphrex.com/archive/bofa-bitcoin.pdf

-- see bank of england step away from the money printing presses to put out, not one, but 2 reports on btc today...
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx

As far as I'm concerned.... 2014 has been a GREAT year for btc and I'm sticking to my original $2,000-$9,800 price target for btc in 2014:
http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

InwardContour

sr. member

Activity: 644

Merit: 260

All depends on the ETF, if it will be accepted in 2014 then we will see a new ATH.

NYCBitcoinCenter

newbie

Activity: 11

Merit: 0

This is absolutely the best year for bitcoin. The market become more supportive due to the adoption, from companies like new egg etc. This integration will help make bitcoin more main stream and contribute to the adoption rate.
November/ December are the months.

icet208

hero member

Activity: 762

Merit: 500

It was a great year in terms of adopting BTC. As for the price..the year is not over..waiting for octomber:D

ChuckBuck

hero member

Activity: 1372

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better everyday ♥

Price wise, yes it hasn't been a great year for BTC.

But adoption wise, exposure, and underlying technology wise, BTC has made some strides.

I mean Overstock, Newegg, Virgin, Expedia, Dell, Wikipedia, and now the United Way etc all starting to accept it as payment method.

Circle, COIN ETF, Bitcoin ATMs, over 2 million Coinbase wallets, Second Market ETF BIT, millions invested in to Bitcoin related startups and companies.

Price wise, you can say it's been disappointing since we started 2014 in the $700-$800s and now are a now little more than half that.

Big picture wise, we're still setting up for the long haul.

giveBTCpls

sr. member

Activity: 322

Merit: 250

Quote from: grumpyoldtroll on September 15, 2014, 09:40:22 AM

Guys guys... 2014 isnt over yet.. So chill.

Exactly. Will be fun to look back at this thread during XMAS when we are far up from 400 territory. Saying BTC was at its worst in 2014 without seeing the entire year conclude is underrating BTC's potential.

grumpyoldtroll

newbie

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Guys guys... 2014 isnt over yet.. So chill.

Nawaytes

sr. member

Activity: 476

Merit: 255

my speculation, until the end of the year the price of bitcoin will be stable and not more than $ 480, Undecided

called The Worst Year for BTC? i do not think so, bitcoin has pretty much increased,
beginning in 2014 bitcoin price just $ 370

Clegg

full member

Activity: 176

Merit: 100

Quote from: bryant.coleman on September 14, 2014, 08:57:06 AM

Even the Mt Gox robbery, which affected more than 8% of all the coins in circulation could not bring down the exchange rate of Bitcoin to $300. That was the bottom line. For all practical purposes, I don't think that the exchange rate will dip any further. Since the prices have remained stable for 7-8 months now, short term holders are offloading their stake. Once that is over, the rate will recover.

I agree. I can't see any reason why bitcoin would crash now unless something catastrophic is found or happens. I think the only way is up now for bitcoin and am excited for the future.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Even the Mt Gox robbery, which affected more than 8% of all the coins in circulation could not bring down the exchange rate of Bitcoin to $300. That was the bottom line. For all practical purposes, I don't think that the exchange rate will dip any further. Since the prices have remained stable for 7-8 months now, short term holders are offloading their stake. Once that is over, the rate will recover.

MightyStorm

member

Activity: 602

Merit: 10

God is with us

I would gladly take one bad year....(so you call it)... ..to rid the market of the ass hole that was mtgox...
BTC -e. You should be next to go...

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