2014: The Worst Year for BTC? - page 9.

lovegood

newbie

Activity: 56

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Quote from: CokeCoin on September 05, 2014, 09:26:14 AM

1 year = 12 months. BTC price is still ~4x higher than last year at the same time.

If you discount the huge mainstream media hype that happened last year, temporarily and artificially inflating the price to $1000, you would be able to make the case for a continuing upward trend over the life of BTC.

Bonam

sr. member

Activity: 420

Merit: 250

Lot's of time left in 2014 still and bitcoin price is notorious for sitting around relatively stable for months at a time and then rocketing off (up or down).

johnathan32

full member

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The leap of 2013 and the 1000$ price tag make the world pay attention to the BTC and 2014 starts the real change of accepting and developing the currency in many places.
I think it could be a better year in terms of reaching the purpose and spread the news.. but we wont know it until 2015 Roll Eyes

MoonTime

member

Activity: 96

Merit: 10

Still 116 days until the end of the year.
Many things can happen. Prices can rise back too.

MUFC

hero member

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Merit: 500

I must admit I've been pretty disappointing with the price overal this year but I don't really sweat it as I'm in in for the long haul. I think all we would really need is one big merchant accepting it to push up the price. Whether that will be this year or next is irrelevant though. Just have a little patience and I'm sure we'll be rewarded.

Summer,69

newbie

Activity: 50

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Quote from: CokeCoin on September 05, 2014, 09:26:14 AM

1 year = 12 months. BTC price is still ~4x higher than last year at the same time.

You guys have about 3 weeks left to keep saying this, keep that in mind

GTA

member

Activity: 90

Merit: 10

Quote from: gonnafly on September 05, 2014, 08:59:22 AM

In 2014 Bitcoin has improved in user adoption, wallet safety, education, public awareness, network security and Bitcoin companies have received more investment from venture capital than any other year. I call that a good year.

I absolutely agree. 2014 was a great year. Besides the China ban and the MtGox disaster we had lots of good news.
One thin I realized is that good news do not push the price higher but bad news do.
Be prepared for up and down swings!

coory

member

Activity: 112

Merit: 10

We Have To Stop The IMC!

it will come up again

LiberyOrDeath

full member

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Quote from: CokeCoin on September 05, 2014, 09:26:14 AM

1 year = 12 months. BTC price is still ~4x higher than last year at the same time.

We are talking here about 2014 specifically. Not the last 12 months or whatever. Is it that hard to comprehend. The discussion is about the year 2014. Capish?

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: CokeCoin on September 05, 2014, 09:26:14 AM

1 year = 12 months. BTC price is still ~4x higher than last year at the same time.

uhm...for me this is the wrong way to see the situation

CokeCoin

member

Activity: 235

Merit: 10

1 year = 12 months. BTC price is still ~4x higher than last year at the same time.

gonnafly

jr. member

Activity: 53

Merit: 12

In 2014 Bitcoin has improved in user adoption, wallet safety, education, public awareness, network security and Bitcoin companies have received more investment from venture capital than any other year. I call that a good year.

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

2014 is not worst year for BTC, because :
-Some big company accept bitcoin
-More merchant accept bitcoin
-More people know & want to use bitcoin
-More bitcoin service opened
-And i have buy some original games with bitcoin Grin

So, i think 2014 is good year for BTC

HCLivess

legendary

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=== NODE IS OK! ==

Best price is the lowest price so you can buy. You have a week before the surge

Honeypot

sr. member

Activity: 420

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Crypto is not a get rich scheme.

desired_username

hero member

Activity: 886

Merit: 1013

I think it was a pretty awesome year so far. A lot of things are in motion and a lot of adoption/developments happened.

It was bad only for short-term speculators, but I couldn't care about those.

Buo

member

Activity: 112

Merit: 10

This won't be the worst year, people only wants to get rich quick but we need these periods of consolidation to rise again in the future.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Being impatient is a bad thing, and it's very common in Bitcoin.
Exactly why would it be the worst year, because the price is not moving? Is Bitcoin meant to be used to meant to be held for future gains?
Looking at development, infrastructure and adoption in 2014, this is the best year.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Thekool1s on September 05, 2014, 04:52:20 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 :/

Big companies will never "hoard" BTC to stimulate the price. They need to pay for things like we do, on a monthly basis. {Electricity Bill / Transport cost / Salaries etc} So do not expect them to hoard BTC

The answer is simple = Get more people {general consumers} to adopt BTC - That would push the price up, because demand for it is higher.

The single biggest thing, to do, would be to get gold investors, to re-invest a small % of their gold investments, into BTC {That will cause a mayor spike in the price, in the short run} But what is happening is the opposite... We have BTC buying gold. {Because gold is seen, as a safe investment} And that is just as bad as, merchants, exchanging BTC directly to dollars.

LiberyOrDeath

full member

Activity: 140

Merit: 100

Quote from: thedonkdonk7 on September 05, 2014, 06:50:59 AM

Quote from: DannyHamilton on September 03, 2014, 11:49:29 PM

Quote from: LiberyOrDeath on September 03, 2014, 11:29:34 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.

My opinion is that the price will not change radically in the last few months of 2014. As much as I would want BTC to be 2,000 USD in December, I have a strong feeling that is not going to happen - exactly because many people are expecting to see the pattern from the last year October - December spike. Majority of this kind will wait until January or February of 2015 and then will slowly give up - so quite a few weak hands will be leaving the ship. Which is exactly what the smart btc players want - to get more time to accumulate btc at these prices (400-600 USD).

2016 should be a year when we reach the long waited milestone of 3,000 USD and possibly 5,000 USD. And realistically 2020 is the date for 10,000 USD in my book. It might come sooner it might come later but that's the rough timeframe. 100,000 USD and all that talk is possible but most of us will not see it in our lifetimes, next generations will see btc at $ 1 mil for sure, in a 100 years it might even be worth multiple millions. And people will still be mining BTC in a century from now ! Maybe on Mars

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