Topic: Is it just me or is there a change in perspective.. somethings not as it was. (Read 2513 times)

So was the Willy bot responsible for every other Bitcoin bubble in existence?  Was it responsible for Billion Dollar corporations implementing it?
The answer is no.  Gradual increases of "$200-$400 per year" ("if actual adoption ever begins") is a joke considering the dramatic amount of venture capital invested this year alone, not to mention companies like Microsoft, Time Inc, and PayPal beginning to accept it.

Without Willy and Marcus there never would've been a sharp movement in the first place.

Look at your 2 year chart and draw a line from (for example) January 2012 to current.

A nice, smooth gradually increasing line to where we are today.  Cuts the whole "fake gox bot price pump" out, and you see how Bitcoin has slowly gone up $150-200.

I believe that's what we will continue to see, with a slightly greater incline angle when actual adoption begins.

Gradual overall increases of $200-400 per year for the next 10 years.

If actual adoption ever begins...

-B-

He's probably talking about venture capital/company building...not just buying bitcoins

Very few have put money into actually buying any. It's all going into the companies in the ecosystem.

"Silicon valley have pumped nearly half a billion dollars into bitcoin in the last year, into a digital experiment with perhaps 650k users. I am not remotely concerned. Things are only just getting started."

If this is case, then we are in big trouble. Silicon Valley's $ 500 million could only support the bitcoin price at $320 at the end of 2014, how much more money is required to bring us "to the moon?"

^^ Very true!

No idea what the near future holds. Next year might be flat or more of the same. I'm not too bothered.

Our trolling friends may well have had a point and/or leg to stand on post the 2011 fall and the resulting lull, but these days it's becoming harder to deny that BTC will establish some sort of position in the wider world. It may be gargantuan, or just a handy niche, but it will serve a purpose for many.  

Sounds like a perfect time to buy 

If an ignored troll speaks in a forum, does he make a sound?  

^
Your last contributions:


I don't mean to be rude, but isn't there someone else you can follow around?

NotLambchop: "This user is currently ignored." 

...and continued to tank throughout the year.

We are still very early in terms of user adoption and coin distribution. Silicon valley have pumped nearly half a billion dollars into bitcoin in the last year, into a digital experiment with perhaps 650k users. I am not remotely concerned. Things are only just getting started.

i hope thats what it looks like lol 2014 could easily go down in history as the most bearish year in the first decade bitcoin has been around.. if we are still looking at the S curve thing the bubbles could come faster and stronger right?

Well it is just unfortunate that the calendar year started as the price toppled from its previous bubble high.

In the same way next year is starting from a much better entry and the headlines throughout the year could easily be 'bitcoin up 10, 20, 30, 40..100..500..n%'

good point.. perhaps the new year can leave behind all the bearishness of 2014 and usher in a new uptrend.. god knows its long over due at this point.

There's never such a thing as 'maximum fear'. I've seen this sentiment again and again over the summer: People calling the final bottom and an imminent rocket launch. Nothing came of it.
BUT: I gotta agree that I, too, am optimistic that we may see a real trend-reversal. $300 seems to be quite a strong support. Let's hope it doesn't become a resistance again!

A life well-spent

There are only so many sellers at a given time in any market. The price cannot continue downwards unless there are people willing to sell. And those sold coins don't go into a black hole; rather they go into stronger hands: smart traders, value investors and big money looking for wholesale prices. When the market sells off heavily as it did in early October, it will either find a bottom or sell off further. So far we have found a bottom. It is a sign of strength that we bounced on high volume from $275. If sellers enter the market again and push us below $275, then other possibilities open up and more sellers will be attracted through fear. However, the declining sell volume and high buy volume after the initial selloff tells a story.

It's all about supply versus demand and what the big players are doing. Are they accumulating, preventing the price from dropping? It's likely, although impossible to know for sure. When the majority of sellers are gone, we are free to move up. It takes awhile to shake them out, especially those who have made money all year selling short. Some of this is also supply testing (shakeouts) by big money, seeing how weak or strong the market is and how many floating coins they can scare out of weak hands to vacuum up on the cheap.

Well if you own anything more than 10 BTC< then even a drop of 10$ would get you worried,
however having just 1 BTC wont affect you a lot.