Topic: 2014: The Worst Year for BTC? - page 8. (Read 11149 times)
Before every storm there comes a blackout. So wait for the bitcoin storm which is coming. Maybe that storm will make the whole world stunned.
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.
Your concept of "the worst year" its fundamentally flawed.
In fact, you're taking two arbitrary points in time and comparing the exchange rate of BTC vs the USD.
Just because theses points in time happen to be January 1st and December 31st doesn't add any fundamentally important information.
There have been longer time spans between a high and the next and there have been shorter ones.
In fact, you're taking two arbitrary points in time and comparing the exchange rate of BTC vs the USD.
Just because theses points in time happen to be January 1st and December 31st doesn't add any fundamentally important information.
There have been longer time spans between a high and the next and there have been shorter ones.
It's all human psychology. People tend to categories financial performance in calendar years. If the calendar year performance to date is very good it creates more bullishness as it did in 2013, but as it looks weak like right now it increases bearish sentiment.
Investors also frequently 'review' their trades at the end of the year more so than any other period. So, I wouldn't call those points completely arbitrary.
People will eventually stop being clueless morons and buy.
They're not being clueless morons. The consumer public literally has *no* reason to use Bitcoin right now. Zero incentive. Someone in the Bitcoin space needs to make the killer app. The service that incentivizes the public to participate. Until the public has incentive to use Bitcoin (outside of privacy), they will not begin buying. And the price is not going to go up until demand goes up. So the only people that need to stop being clueless morons, is us. Merchants adopt because they have incentive. We need to make something that will attract consumers.
-B-
Your concept of "the worst year" its fundamentally flawed.
In fact, you're taking two arbitrary points in time and comparing the exchange rate of BTC vs the USD.
Just because theses points in time happen to be January 1st and December 31st doesn't add any fundamentally important information.
There have been longer time spans between a high and the next and there have been shorter ones.
In fact, you're taking two arbitrary points in time and comparing the exchange rate of BTC vs the USD.
Just because theses points in time happen to be January 1st and December 31st doesn't add any fundamentally important information.
There have been longer time spans between a high and the next and there have been shorter ones.
nah, in 2011 Bitcoin was having a quick death (from $30 to $2), and in 2012 a slow death.
2011 was way worse, and yet you still had people saying "oh no dont buy even at 2, it will go to 0.1". Lol, idiots.
Nah, 2011 was still more bullish than 2014.
Jan 2011 = $0.55
Sep 2011 = $3.25
~500% gain
Jan 2014 = $815 average
Sep 2014 = $480
~40% loss
Exactly!
Price of Bitcoin is always going up and down, all the time (not just this year).
So, when price is down, like now, it's perfect time to buy and keep.
When price is up, sell and earn profit!
You loose only when you decide to sell in panic, for low price.
Its a very good year, we have more posibilities to get sub 1000 BTC.
i don't think so, the peaks of 2014 is simply already passed, was at january, now we are still in the decline phase, was a good year but was too short maybe
People will eventually stop being clueless morons and buy.
We surely can't say definitely whether 2014 was a bad year or a good year for Bitcoin before it actually has ended! Until now things aren't looking that good if it comes to the price, but the ecosystem grew very well, it seems!
Something will trigger bullers again, its a matter of time.
nah, in 2011 Bitcoin was having a quick death (from $30 to $2), and in 2012 a slow death.
2011 was way worse, and yet you still had people saying "oh no dont buy even at 2, it will go to 0.1". Lol, idiots.
Nah, 2011 was still more bullish than 2014.
Jan 2011 = $0.55
Sep 2011 = $3.25
~500% gain
Jan 2014 = $815 average
Sep 2014 = $480
~40% loss
2011 was way worse, and yet you still had people saying "oh no dont buy even at 2, it will go to 0.1". Lol, idiots.
From the beginning of 2014 to now, it is bad. But adoption is rising, that is more important.
Big players selling so they can buy lower. No big deal (unless you are weak).
(talking out of my ass)
(talking out of my ass)
Worst year if you are a short term speculator.
nah, in 2011 Bitcoin was having a quick death (from $30 to $2), and in 2012 a slow death.
Crypto is not a get rich scheme.
Indeed. I have made a post on this here: https://bitcointalk.org/index.php?topic=755905.60TLDR: Even amazing investments can go through decades of poor performance
The worst year of btc will be many years from now, when the S curve will be on its end, now it's time to grow.
Some of you guys are just too greedy, imo.. Why expect something to go up by insane gains every year? It's actually healthier for bitcoin to consolidate around a certain price range before a next major leg up. This would make future holders more confident that they aren't buying something that has little buying support and could collapse any moment once momentum goes away.
Jump to: