Topic: Why it all went wrong in 2014 - but why 2015 can be better. - page 2. (Read 3564 times)
Nothing went wrong in 2014. Price bubbles are by definition unsustainable. We're entering a period of stagnation before another (and last) astronomic rise. Bitcoin is just made that way. Patience.... It won't go under 250$, no way.
Gox would have happened without alts, negative attention in the media would have happened without alts and lots of other bad things would have happened without alts. It's far too simplistic to try to dismiss all the subtle nuances and subtle market movements in a statement as blunt as "it was the altcoins". Unless you want innovative but untested features being trialled on the main bitcoin blockchain, you need alts to serve as a testbed.
Cryptocurrency is all about innovation and you can't stifle that by saying alts are bad. If someone wants to try out a radical new idea, they can make a new coin to test it and see if it works. Then, if it turns out to be a complete disaster, Bitcoin remains unaffected. This thread sounds like you want everyone to put all their money in bitcoin, so you can sell and make some fiat. 2015 will be a better year without people like that. This isn't your personal get-rich-quick scheme.
Cryptocurrency is all about innovation and you can't stifle that by saying alts are bad. If someone wants to try out a radical new idea, they can make a new coin to test it and see if it works. Then, if it turns out to be a complete disaster, Bitcoin remains unaffected. This thread sounds like you want everyone to put all their money in bitcoin, so you can sell and make some fiat. 2015 will be a better year without people like that. This isn't your personal get-rich-quick scheme.
legendary
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Core dev leaves me neg feedback #abuse #political
I see no proof why bitcoin price should rise in 2015.
And I agree with jonald_fyookball.
And I agree with jonald_fyookball.
there is no evidence for the rise in prices, and it is not possible to increase prices in 2015
It is of course, possible. Just requires more demand... More people hearing about it,
and deciding they want some. That is happening all the time, but we don't know the
virality score.
People need to stop focusing so much on altcoins and give bitcoin the love it deserves. We need more support for projects that put money into the bitcoin economy now, (Getting paid in bitcoin) more than we need projects that take money out (Buying products with bitcoin).
I see no proof why bitcoin price should rise in 2015.
And I agree with jonald_fyookball.
And I agree with jonald_fyookball.
there is no evidence for the rise in prices, and it is not possible to increase prices in 2015
2014 should have been a great year for Cryptocurrency – instead, it has been a disaster.
false. it was the best year bitcoin ever had when you know where to look at
false. it was the best year bitcoin ever had when you know where to look at
well, 2014 has been a really bad year for bitcoin because of many factors, but mtgox is a determinat factor that has spoilt bitcoin enviroment
however, we have seen lots of new investors and enterprises that have been entering into bitcoin
however, we have seen lots of new investors and enterprises that have been entering into bitcoin
Hasn't been that bad really. Had lots of companies getting involved and I'm sure many are planning to for next year.
and I think that 2015 will be a very good year for bitcoin
That's what people said about this year
.
It was a great year in everything but... price. It has been a year of steady infrastructure growth.
well, 2014 has been a really bad year for bitcoin because of many factors, but mtgox is a determinat factor that has spoilt bitcoin enviroment
however, we have seen lots of new investors and enterprises that have been entering into bitcoin and I think that 2015 will be a very good year for bitcoin
however, we have seen lots of new investors and enterprises that have been entering into bitcoin and I think that 2015 will be a very good year for bitcoin
Yep, can agree with the number of shitcoins tarnishing the reputation of cryptocurrency in general. I also agree that the number of pump-and-dump coins is starting to die off now. I believe having a few proper exchange mechanisms in place for merchants to accept them in some cases (i.e. where sales tax and so forth need to be accounted for), a few altcoins will rise above the others.
I wholehartedly disagree. Yes, a lot of things went terribly wrong (pump and dump scams, ponzi schemes etc.) but that's to be expected with something new. Especially with something new that revolutionises the way we do financial transactions with each other. While it is messy, I see big steps forward.
And not in the last place in the world of altcoins. I think it's a good thing that there are multiple coins in existence, in fact I think the idea that there should be only one or only a few cryptocurrencies is as absurd as the idea that there should be only one or only a few email-providers. There will be a miriad of cryptocurrencies, some of them extremely local, some larger, and some huge. That's just one of the ways cryptocurrency is a revolution - our means of doing transactions are now fully customisable and can be made to fit any social structure, and not just nation states and their derivatives.
https://www.youtube.com/watch?v=jw28y81s7Wo
Everybody just has to learn how to use this stuff. That's a process of, as we say in The Netherlands, falling and getting up again.
And not in the last place in the world of altcoins. I think it's a good thing that there are multiple coins in existence, in fact I think the idea that there should be only one or only a few cryptocurrencies is as absurd as the idea that there should be only one or only a few email-providers. There will be a miriad of cryptocurrencies, some of them extremely local, some larger, and some huge. That's just one of the ways cryptocurrency is a revolution - our means of doing transactions are now fully customisable and can be made to fit any social structure, and not just nation states and their derivatives.
https://www.youtube.com/watch?v=jw28y81s7Wo
Everybody just has to learn how to use this stuff. That's a process of, as we say in The Netherlands, falling and getting up again.
Oh I see. You're gauging it by how much you can get rid of Bitcoin for in exchange for analog money. That's cute.
I don't think anything was wrong in 2014. The price slump was the aftermath of the bubble in 2013. The price was quite stable in 2014 and Bitcoin gained acceptance from a few more merchants, including Microsoft. Not a bad year.
This false market has driven down the price of bitcoin, stolen bitcoin and money from everybody, and led to derision from onlookers. The whole concept and momentum of bitcoin has been diluted by this idiocy, and I am relieved that this altcoin bubble is now imploding.
I see it slightly differently. If what you see is true, then this 'false' altcoin market only drew capital from short term speculators, not long term "believers". I havent traded a satoshi for altcoins, and I suspect you didnt either. So the current btc valuation is probably a lot more representative and therefore whats happened this year was a healthy correction. So thank you scam coins
.BTW, keep up the good work with badbitcoins, and feel free to use idea's or contents you will find in my signature to improve your site.
This year i can see Bitcoin Falling and another new currency shoot for the clouds.
Even if that happens, I don't see the public being open to an immediate new idea of another digital currency. And even if it does, it would be subject to manipulation. Would be nice to see ethereum making an effect.
I see no proof why bitcoin price should rise in 2015.
And I agree with jonald_fyookball.
And I agree with jonald_fyookball.
This year i can see Bitcoin Falling and another new currency shoot for the clouds.
I agree that new currencies and projects/assets will see massive upsurge. 2.0 Platforms such as ripple, counterparty, NXT and its associated projects will lead the way heavily. I for one intend to get in early before missing the train on this one.
I disagree in 2 points:
Scamcoins weren't necessarily created to be traded for Bitcoin. I think a lot of people created them to get their loved fiat money. People who don't believe in Bitcoin, just saw another opportunity to scam stupid people.
Scamcoins are not gone. There will always be new people, who think, they missed the Bitcoin-train and are looking for alternatives. Most of them will still be stupid enough to "invest" in a Scamcoin. If the damage these Scamcoins will do, will increase or decrease in 2015 I can not say with certainty, but it seems more likely that the number of fooled people will increase, when more enter the cryptocurrency market.
Scamcoins weren't necessarily created to be traded for Bitcoin. I think a lot of people created them to get their loved fiat money. People who don't believe in Bitcoin, just saw another opportunity to scam stupid people.
Scamcoins are not gone. There will always be new people, who think, they missed the Bitcoin-train and are looking for alternatives. Most of them will still be stupid enough to "invest" in a Scamcoin. If the damage these Scamcoins will do, will increase or decrease in 2015 I can not say with certainty, but it seems more likely that the number of fooled people will increase, when more enter the cryptocurrency market.
This year i can see Bitcoin Falling and another new currency shoot for the clouds.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Interesting post, but I disagree with most of it.
First of all, the only thing disasterous about 2014
was the price drop. Good things happened in every other
facet of Bitcoin.
Secondly, do you have any evidence or data to support
your theory that altcoins were responsible for the price
drop?
Most likely a lot of the pumping was done by the founders
of the altcoins. The actual money that was drawn away
from Bitcoin into alts is probably very tiny compared
to the billions in decreased marketcap...Unless you have
data to show otherwise, I'll stick to that belief.
My theory is that supply simply outpaced demand. Not enough
people want the thousands of new Bitcoins being mined daily.
Until the block reward halves again, price may continue
to struggle.
I do agree on one thing though: most of the alts are
worthless and are sleazy attempts at personal enrichment.
But I think those attempts are becoming less and less
effective.
First of all, the only thing disasterous about 2014
was the price drop. Good things happened in every other
facet of Bitcoin.
Secondly, do you have any evidence or data to support
your theory that altcoins were responsible for the price
drop?
Most likely a lot of the pumping was done by the founders
of the altcoins. The actual money that was drawn away
from Bitcoin into alts is probably very tiny compared
to the billions in decreased marketcap...Unless you have
data to show otherwise, I'll stick to that belief.
My theory is that supply simply outpaced demand. Not enough
people want the thousands of new Bitcoins being mined daily.
Until the block reward halves again, price may continue
to struggle.
I do agree on one thing though: most of the alts are
worthless and are sleazy attempts at personal enrichment.
But I think those attempts are becoming less and less
effective.
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