Bitcoin worst investement 2014 | Bitcointalksearch.org

picolo

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Quote from: Foxpup on January 08, 2015, 09:32:32 PM

Quote from: Jammalan the Prophet on January 08, 2015, 10:00:36 AM

So which part of 2014 or of the year are so hard for you bullts to understand?

The "of the year" part. The fiscal year is not the same as the calendar year in all jurisdictions. In particular, in Australia, New Zealand, Egypt, and Pakistan, the fiscal year starts on the previous July, which makes Bitcoin the best investment in 2014. It's not looking so good for 2015, but it might turn around before the end of June, so who knows?

The point is that arbitrary dates are meaningless without context. The price hit an all-time-high at the end of November 2013 and has been falling ever since, so if you pick the following January as the start of the year, of course it's going to look bad. But not everybody cares about January, or any other arbitrary date for that matter; I certainly don't.

We see too many people using November and December as the only and absolute reference point like Bitcoin started trading at 800$-1100$ when the price has only been that high for a few weeks in total.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: Jammalan the Prophet on January 08, 2015, 10:00:36 AM

So which part of 2014 or of the year are so hard for you bullts to understand?

The "of the year" part. The fiscal year is not the same as the calendar year in all jurisdictions. In particular, in Australia, New Zealand, Egypt, and Pakistan, the fiscal year starts on the previous July, which makes Bitcoin the best investment in 2014. It's not looking so good for 2015, but it might turn around before the end of June, so who knows?

The point is that arbitrary dates are meaningless without context. The price hit an all-time-high at the end of November 2013 and has been falling ever since, so if you pick the following January as the start of the year, of course it's going to look bad. But not everybody cares about January, or any other arbitrary date for that matter; I certainly don't.

turvarya

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Sometimes I wish the price of Bitcoin would stay that low for the next years, so a lot of this speculators would have to sell and would loss money.

Jammalan the Prophet

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So which part of 2014 or of the year are so hard for you bullts to understand?

picolo

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Quote from: Paashaas on January 08, 2015, 08:11:26 AM

Quote from: Jordan23 on December 27, 2014, 04:09:41 PM

He blames bitcoin for buying in a bubble. Congratulations!

Hes a noob, i dont care if he sells now and lost his money.

A lot of people who bought at 700$ and more were hoping to make a quick profit; they are very disappointed so they are very pessimistic about Bitcoin when the drop in price is only temporary.

Paashaas

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Quote from: Jordan23 on December 27, 2014, 04:09:41 PM

He blames bitcoin for buying in a bubble. Congratulations!

Hes a noob, i dont care if he sells now and lost his money.

picolo

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Quote from: AtheistAKASaneBrain on January 07, 2015, 08:08:55 PM

Quote from: BreathOfZen on January 07, 2015, 06:21:21 PM

Bitcoin isn't going to go up again without an actual Use Value. We know how to use Bitcoins to permanently upload files to the blockchain, and if we let the world know how to do this it would start driving up the value of Bitcoin immediately. Why aren't we doing it then?

Because people have hopes of BTC going really up in value and spending it in Anything is already a risk. Bitcoin feels like Gold, it doesnt feel like worthless dollars, so you double think spending anything with it.

Bitcoin seems very valuable and I won't be surprised when the price goes up to 5000$ 10 000$ and even 20 000$ in less than 10 years; it will great and exciting but not surprising.

AtheistAKASaneBrain

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Quote from: BreathOfZen on January 07, 2015, 06:21:21 PM

Bitcoin isn't going to go up again without an actual Use Value. We know how to use Bitcoins to permanently upload files to the blockchain, and if we let the world know how to do this it would start driving up the value of Bitcoin immediately. Why aren't we doing it then?

Because people have hopes of BTC going really up in value and spending it in Anything is already a risk. Bitcoin feels like Gold, it doesnt feel like worthless dollars, so you double think spending anything with it.

BreathOfZen

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Bitcoin isn't going to go up again without an actual Use Value. We know how to use Bitcoins to permanently upload files to the blockchain, and if we let the world know how to do this it would start driving up the value of Bitcoin immediately. Why aren't we doing it then?

botany

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Quote from: cloverme on December 31, 2014, 10:42:57 AM

If you can get a bitcoin as easy as you can a dollar or a euro, why would a bitcoin be worth 300x a dollar?

I think we will have to compare the total number of dollars in circulation and the total number of bitcoins in circulation. The cap of 21 million will drive the exchange rate, once Bitcoin truly becomes a currency.

turtoro

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Quote from: cyberpinoy on December 28, 2014, 01:23:17 PM

And heres how you shut the fanatics up,

So you love bitcoin, you say it will hit thousands of dollars, you say just wait it will get better, you say this is just another bubble as usual, BUT do you really believe that to be true if I hve agreat bargain for all of you fanatic false hope posters. ANd not before you say anything I did not buy these coins I mined them

bSO I am not a stupid bubble buyer haha so get that outas your mind now, I just pulled a price out of thin air actually

Heres you chance to back those checks up you write with those false hope posts, I have 22 bitcoins I will sell you for 830 dollars each. If you are a true fanatic and believe it will actually hit 1000 dollars again or even more than 1000 dollars you should have no problem buying my 22 offered bitcoins @ 830 dollars each right, Where are my takers? Awww come on guys dont be scared back up your false hope posts with a little actions, buy now while I'm selling it low right ? I dont want to hear your false hope advice I want you to show me how serious you are about your hopes and beliefs in bitcoin. Actions speak louder than words, show us some action now 830 USD per coin 22 coins who wants them?

haha. What is this a charity? You are in the running for dumbest post in the thread

cloverme

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Quote from: picolo on December 29, 2014, 03:56:47 PM

Quote from: drgonzo87 on December 29, 2014, 02:34:47 PM

Problem is that presently Bitcoin is coming out of a bubble, just like gold and silver. BC, gold and silver would've been great investments to buy in years ago, but now the price needs to drop to a sustainable and accurate market price. Only then will it continue its rise again, excepting some kind of economic catastrophe or the like. The question, as always, is where the actual price of bitcoin lies, or will lie.

We had a high price for two months then a correction that brought us higher than a year before. 3600 new BTC are mined everyday and miners sell a lot of them because of the high maintenance costs due to the relative low price and high difficulty.

Too much supply and not enough demand at this point. When bitcoin had more of a shady reputation and was more difficult to purchase, the value was much higher. I think if bitcoin continues to move from a commodity to a currency, the price will continue to go down to balance out with other world currencies. If you can get a bitcoin as easy as you can a dollar or a euro, why would a bitcoin be worth 300x a dollar? Personally, I like bitcoin more as a commodity and a store of value than a traditional currency.

resya

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Quote from: desertfox470 on December 28, 2014, 11:48:53 PM

It would of been terrible investment for 2014 considering the numbers. Although I don't think of it as an investment. Also I think we will see a rise in 2015.

Let's hope so, I am a bit supprised that russias inflation hasn't affected btc as much as I would have thought

Silverspoon

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Quote from: thresher on December 29, 2014, 03:46:04 PM

If you are so certain it will fail and decrease more ill buy your 22 coins at 100 dollars each. After all you mined them. If you were a true believer that bitcoin is a terrible investment and will continue to decline in value, then you will sell them at $100 dollars each.

That's bitcoiner logic.
A normal person (looking to profit) wouldn't sell for $100 when he could just as easily sell for $300. Because math.

maurya78

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Let's all hope that this situation reverses in 2015
I personally think the truth in 2015 will be somewhere in between - which still hopefully means a decent rebound

picolo

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Quote from: drgonzo87 on December 29, 2014, 02:34:47 PM

Problem is that presently Bitcoin is coming out of a bubble, just like gold and silver. BC, gold and silver would've been great investments to buy in years ago, but now the price needs to drop to a sustainable and accurate market price. Only then will it continue its rise again, excepting some kind of economic catastrophe or the like. The question, as always, is where the actual price of bitcoin lies, or will lie.

We had a high price for two months then a correction that brought us higher than a year before. 3600 new BTC are mined everyday and miners sell a lot of them because of the high maintenance costs due to the relative low price and high difficulty.

thresher

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Quote from: cyberpinoy on December 29, 2014, 02:57:39 PM

Quote from: Jordan23 on December 28, 2014, 06:50:11 PM

Quote from: cyberpinoy on December 28, 2014, 01:23:17 PM

And heres how you shut the fanatics up,

So you love bitcoin, you say it will hit thousands of dollars, you say just wait it will get better, you say this is just another bubble as usual, BUT do you really believe that to be true if I hve agreat bargain for all of you fanatic false hope posters. ANd not before you say anything I did not buy these coins I mined them

bSO I am not a stupid bubble buyer haha so get that outas your mind now, I just pulled a price out of thin air actually

Heres you chance to back those checks up you write with those false hope posts, I have 22 bitcoins I will sell you for 830 dollars each. If you are a true fanatic and believe it will actually hit 1000 dollars again or even more than 1000 dollars you should have no problem buying my 22 offered bitcoins @ 830 dollars each right, Where are my takers? Awww come on guys dont be scared back up your false hope posts with a little actions, buy now while I'm selling it low right ? I dont want to hear your false hope advice I want you to show me how serious you are about your hopes and beliefs in bitcoin. Actions speak louder than words, show us some action now 830 USD per coin 22 coins who wants them?

I can buy 22 at $320 each. No wonder you're an awful investor. Lol

Like I said I did not buy the coins I mined them. the post is to show you fanatics you do not trust what you say. its all a bunch of hope,. If what the "believers" say was something worth value then you all would be happy to buy my coins at 830 USD.

as far as calling me an awfull investor, I did not buy the coins i mined them so what makes me a smart investor is the fact I wont sell them at 320 dollars. Hmmm how the tables turned on you huh.

Quote from: Guido on December 28, 2014, 07:44:06 PM

2015 will be huge for bitcoin and certain alts
of this I am certain

Ok if you are so certain buy my 22 BTC @ 830a coin then, show us how certain you are about 2015.

If you are so certain it will fail and decrease more ill buy your 22 coins at 100 dollars each. After all you mined them. If you were a true believer that bitcoin is a terrible investment and will continue to decline in value, then you will sell them at $100 dollars each.

Oh wait, you don't believe, your full of shit, your a hypocrite for not taking my deal. Why don't you make the deal?

cyberpinoy

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Quote from: Jordan23 on December 28, 2014, 06:50:11 PM

Quote from: cyberpinoy on December 28, 2014, 01:23:17 PM

And heres how you shut the fanatics up,

So you love bitcoin, you say it will hit thousands of dollars, you say just wait it will get better, you say this is just another bubble as usual, BUT do you really believe that to be true if I hve agreat bargain for all of you fanatic false hope posters. ANd not before you say anything I did not buy these coins I mined them

bSO I am not a stupid bubble buyer haha so get that outas your mind now, I just pulled a price out of thin air actually

Heres you chance to back those checks up you write with those false hope posts, I have 22 bitcoins I will sell you for 830 dollars each. If you are a true fanatic and believe it will actually hit 1000 dollars again or even more than 1000 dollars you should have no problem buying my 22 offered bitcoins @ 830 dollars each right, Where are my takers? Awww come on guys dont be scared back up your false hope posts with a little actions, buy now while I'm selling it low right ? I dont want to hear your false hope advice I want you to show me how serious you are about your hopes and beliefs in bitcoin. Actions speak louder than words, show us some action now 830 USD per coin 22 coins who wants them?

I can buy 22 at $320 each. No wonder you're an awful investor. Lol

Like I said I did not buy the coins I mined them. the post is to show you fanatics you do not trust what you say. its all a bunch of hope,. If what the "believers" say was something worth value then you all would be happy to buy my coins at 830 USD.

as far as calling me an awfull investor, I did not buy the coins i mined them so what makes me a smart investor is the fact I wont sell them at 320 dollars. Hmmm how the tables turned on you huh.

Quote from: Guido on December 28, 2014, 07:44:06 PM

2015 will be huge for bitcoin and certain alts
of this I am certain

Ok if you are so certain buy my 22 BTC @ 830a coin then, show us how certain you are about 2015.

Silverspoon

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Quote from: Krang on December 29, 2014, 09:11:49 AM

Quote from: dakota neat on December 29, 2014, 07:39:05 AM

OP created this thread to show everyone how butthurt he is Cry

Lol, well as butthurt as he may or may not be there is some truth to it as bitcoin's value hasn't performed very well, but I am sure there are plenty of things that have performed worse around the world - some bankrupt companies or failed investments etc,

You know who really made out in all of this? People who invested their coins in one of those bitcoin scams you see in the securities section of this forum.
Their coins might be gone, but now that the coins they got robbed of aren't worth much anyhow, imagine how much better they feel about it!

drgonzo87

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Problem is that presently Bitcoin is coming out of a bubble, just like gold and silver. BC, gold and silver would've been great investments to buy in years ago, but now the price needs to drop to a sustainable and accurate market price. Only then will it continue its rise again, excepting some kind of economic catastrophe or the like. The question, as always, is where the actual price of bitcoin lies, or will lie.

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