Bitcoin Forum

I think bitcoin didn't as it was expected to. What do you think about bitcoin in 2016?

Do you mean the price? The price has actually been pretty steady throughout 2015.

I think in 2016 we'll see the price reach or pass $1,000.

Why didn't it do as expected?

It is still going strong and the bottom seems to have been touched and left.

What r u expecting for 2015? In 2016 there are many events happening , like halving, many startup launching their service etc! Bitcoin's ecosystem will improve a lot! More ppl will adopt it!

Bitcoin is never going to fail in 2015 and it gets stronger by each passing day so it won't fail in 2016 either. The problem is the people that fail into seeing its true potential. Just because some people try to give negative insights towards bitcoin, it doesn't mean bitcoin is failing but it simply means its been in a good run that haters have come out. In 2016 more adoption is on the road for bitcoin.

it did not fail, it just did not grow seriously, the price faced a certain level of stgnation and that's it

i know why people think bitcoin was a fail in 2014 and 2015, it's because that damn 1200 ath, if it was not for that we were at 230 even in 2013, so nothing really happened if you see the thing by this point of view

we will  see how many smart people  in 2016

start here:

https://www.youtube.com/watch?v=O0oDDIy0P2s

 :)

If you mean price then stability in price is actually better for Bitcoin adoption in the long run. What were you expecting?

Price is just one aspect of BTC and is changeable, depends on demands.
When BTC become mainstream price will stabilize.
You should see bigger picture and great potential of BTC, as alternative currency.

This is nonsense. Bitcoin did not fail. Bitcoin has succeeded long ago. Just because some think Bitcoin needs to be valued over XXXX$ and accepted by everyone, everywhere that doesn't make it so. Bitcoin has succeeded already and is slowly gaining pace. Change is very hard for most people. You should change the thread title (e.g. Did Bitcoin fail to meet expectations?); else this could be seen as a FUD attempt because of the misleading title.

why do you think bitcoin has failed? bitcoin is already a success and it will be forever. in 2016 block rewards will halve down to 12.5 ,price will increase?

You're trolling right? 

I am not so Newbie about bitcoin, atleast I just know that bitcoin didn't fail this years maybe some ups and downs.

But look now the price is stable and we are going to 2016 and there will happen a lot of things so lets just hope for a good year.

This just means your expectations were fucked up.  Bitcoin is fine.

What exactly where your expectations then... I wouldn't call it a failure unless it was effectively worthless

This year bitcoin was not zero dollar so bitcoin didn't fail.
2015 is almost over so just look in future.

In my eyes bitcoin did not fail this year. We've lost a little and gained a little this year. The price seems to be pretty stable right now.

So far very good year for bitcoin.

yeah! i was expecting a higher price for 2015, but its ok bitcoin in 2015 is quite stable which is good
i think, because if the price is stable it will lessen the doubt of the investors if bitcoin is suddenly go down.

store of value.



job done.




http://imagizer.imageshack.us/a/img633/3096/vxubYe.gif




people have a vault now.
a real one.

I would say Bitcoin did not fail. It had the usually ups and downs but it is finishing the year higher than it was the beginning of last year. I see long term potential for growth and you should be prepared for the long ride.

It did not fail but it did not make much progress either and i'm not talking about the price but rather the stability, of course the price going down didn't help either and the volume of trades hasn't gone up that much

Of course he is. ::)

he probably means how sooo many people hang around making grand price predictions.
then they are gone when the time is up LOL

like guys claiming it would go to 10k in 2014  ::)

Bitcoin failed because it was an attempted software implementation of a specific political movement that does not have wide appeal

Bitcoin has failed this year? I don't think so, and I would like to know your arguments to affirm this matter because in my opinion this has been a great year for bitcoin, with much more stability in price and an increasing expansion between businesses and consumers.

I don't really understand what you are trying to say. I don't really see how Bitcoin hasn't done what is was expected to do. It is the best cryptocurrency in the world and it has made peoples lives easier so I think it has definitely lived up to its hype.

Bitcoin has been very steady throughout the whole year. It has done what it had to do. I think that the price will definitely breach $1000 in 2016.

The only thing it has failed at, is that it could not complete a whole year without a small bubble happening. It has actually matured a lot more since it's volatile years. In years

prior to this, everyone was asking for a less volatile currency, and we got just that... Now people see that as a failure..  ??? ??? ...I see that as a success.  ;) As for 2016, I would

predict very strong competition form competing "private" ledgers and a little spike after the Halvening.  ::)

Why do you consider bitcoin to have failed? The price is not the only thing, or even the main thing that measures the 'success' of Bitcoin.

Anything but failure... the VC investments are growing... the community is 5 million strong... governments are relaxing their restrictions... and the price is steady.
The trend is positive.
 

You think that cause you own 2 BTC and you expect them to be worth 100k each. That s not what BTC s supposed to do.
I d like to have as less as possible pumps and speculations related to this great currency. What we need is slow but constant growth and the price effect ll come.

but it measure perfectly its feilure, if the price reach zero you know it was a fail because i doubt many will continue to use it at zero value...

the numbers of users using it is another good indicator

and it's neither i figure but what IS going on is a steady decline in value and users / services.

predictions for BTC have failed 100%

we have a huge problem here.. denial.

anyone left here still says things are fine and there is no problem.
and they are either sincere or being dishonest.
think about it guys.. a lot of people left.. i talked to them face to face about it.
Why ?
You would all never know because you would never ask the question..
because according to everyone here there is no problem.

Predictions = Fail
Bitcoin overall is in a massive long term down trend = REALITY
Bitcoin is FAIL ? = Soon (we're on track for it if things don't change)

The paradox is investors won't admit a problem because it scares them bashing their stocks.
But if they don't admit there is a problem it won't get better.. so they are screwed.
And all you will find here is people who bought expensive coins ready to feed you some BTC hype.
Too many of them have their life savings invested..

Just imagine how people who bought Bitcoins at a grand each feel.
You think they are ready for some positive change ? Or clinging to the delusion that everything is ok ?

even though btc went from 600 to 250-300 for most the year I dont think it failed because it stayed in the high 200's forever showing that it has a solid bottom at that level. Plus it stayed at that level for many months before starting to break out last month. Proving it can stay at a solid level was really good for btc cause lets face it, the charts can look downright scary for potential investors

Why exactly do you think that it failed this year? Did bitcoin not reach your expectations?

To me it did, it's still growing everyday as we speak. I'm pretty satisfied with how far bitcoin has become.

Yes, it did, at least, Bitcoin is positive comparing the beginning of 2015 and not anymore the one of the worst investments of the year.  :)

I would say Bitcoin did not fail..

Well bitcoin haven't failed at all I am haven't seen Bitcoin going to zero.

So you can stop saying it failed.

Its just your missunderstanding.  bitcoin is neve going to fail.

I think it's impossible to reach that again.

I think I forgot to mention something. Yes, "according to my" expectations.

Plus, I don't think bitcoin is gonna pass $1000 again.

I think the opposite, i think that it will pass $1000 again, if not next year at least after few years. But why did bitcoin fail is because of thieves that used bitcoin maybe.

How did it fail?

The price declined happend in 2014. 2015 was a very good year for bitcoin (at least so far)

Not only the price, but also the amount of scams; No Josh Garza's or Chris (LTCgear)

Price should ideally double if the mining is to remain profitable at the same level as now. But you never know what will acctually happen. Litecon had halving just recently, and its price did not double.

newb op. Bait

yeah no bitcoin has not failed

Prices tumbled after MTGOX shit that happened along with a lot of other bad things that caused the market value to tumble and fall. 2014/2015 had been a tough few years with a lot of bad things. MTGOX was one another was people panic selling, others with big company's getting out and closing shop. Governments banning the use of Bitcoin it not stopped maybe we shall see a return of positive things to happen in 2016 and maybe brake the 1k figure with the block rewards halving in june/july time. Who knows only time will tell in the matter of what way bitcoin goes.

So nothing short of 0 cents value would convince you ?

What kind of a realistic scenario would you envision that we can all safely say BTC failed ?

Way i see it the adoption issue is the most important and in the last 2 years we have been in steady decline.
The price is slipping over time because there needs to be sustained growth in user adoption (BTC buyers)
This has not been happening !
When i poll all sources everyone says "it's dead right ?"
This is obvious by the way..

Most of you claim because BTC went form 600 to 300 (rather than zero) that means things are fine.
That seems pretty silly to me.

The downward pressure of Bitcoin sellers needs to be tempered with Bitcoin buyers.
For value to go higher you need more buyers than sellers.
And sorry but you guys have to do more than just hang around here as a private group of cheerleaders
..singing cheers and chants to each other.

The rest of the world thinks "Bitcoin was a thing" ..long ago !

Has it failed ?
In expectations yeah ..overall no.

Being realistic and honest about it all is the only way forward.

Bitcoin never fell beyond expectations this year it did tremendously.So I hope you can reevaluate what you had said

I don't know exactly how it works but if there's more like me who only sells bitcoin and has no plan of buying then it will probably fail.

The more people that are interested to buy the more the price will increase, from the past week i see that the bitcoin price has been increased for more than 60 USD

Bitcoin not fail,, bitcoin is goodnews now cause of high value

this thread might fail 1 month to go  and price  is having surges

Well in my opinion bitcoin hasn't failed so question such as this cannot be answered.

Yes, that's what I thought. I can't figure out exactly if bitcoin applies under the law of supply and demand but I know having more sellers than buyers will eventually drop the price of it. As of 2015, price maybe not good as 2014 but bitcoin did not fail.

It hasn't failed for me, the value is still increasing as we speak

another fudmonster crawlled out of the failpool lol

ughhh....

and why do you think so? Did it not exceed your expectations in price?

probably has to do more with the fact that the adoption is growing very very slowly, almost stuck there, price is a natural consequence of that

without adoption, massive usage from average joe it's hard to have a good price

Well before saying anything, the price is not really what makes bitcoin fail or succed, now having said that OP obviously meant that bitcoin lost a lot of its value. The price in 2013 was peaking at 1200$ and now is around 300$, yea it is increasing now but not increasing overall since the price was already way higher than 300$

Supply and demand also says that if the buying pressure stays the same within the next months (next 6 months until the halving) then the price in theory should double as the release of new coins will shrink by getting divided by 2. I would advice everyone that is a hardcore Bitcoin believer to have at least the equivalent of the next halving reward (12,5 BTC) by June.

To me it didn't fail. I think bitcoin has come a long way from where it use to be 2 months ago.

i'm pretty satisfied where it's at now.

Google search "Bitcoin is a ponzi scheme"
I did not long ago.. Why ?
I was curious why people have ALWAYS thought that.
I wanted to see why they thought it and if it was because of technical reasoning.
What i found was hit #1 on the Washington post website.
Where a guy claimed YES it is more like a classic Ponzi / Pyramid scheme.. By Design !
The guy made some good points.

The basic core design of Bitcoin is doomed he said basically.
Bitcoin is mainly used a commodity and not a currency.. for a reason (it was made that way)

The reality is Bitcoin is rarely ever used as a currency and is this going to change drastically ?
If not ? Then anyone with 2 brain cells to rub together can see BTC is going to drown sooner or later.

A ponzi / pyramid scheme at it's core has a basic concept at work.
Users show up and inject money to hold a stake in the system.
But they need to cash out.. and they all want to do that for a profit too !
So if there is not enough fresh blood coming in on the bottom of the pyramid to support the top ?
it collapses !

Why would this be happening with Bitcoin ?
Adoption.
It started to ramp up in late 2013 then flew in reverse ever since.
Price and adoption has been decimated.
It's going to take a lot just to get where we were years ago.. to make up lost gains.
Never mind moving forward past a previous milestone.

So yeah we are far closer to Fail then we are of success.
And yes Bitcoin is far more like a Ponzi / Pyramid scheme than an actual currency.
I say that just to be honest here guys.. it's what i see loud and clear.
And obviously so does every person out there except you cheerleaders on this forum.
You people here have ALWAYS been 100% oblivious to the outside world.. you all live in a bubble.

Good luck with that..

Everything is a ponzi scheme by your definition since everything starts with early adopters taking more advantage than the rest, and all things come to an end. This is why it's absurd to call Bitcoin a ponzi scheme.
By the strict definition, it is not, this has been debated before.

https://www.youtube.com/watch?v=7u4F8cpzqao

Is it a poem?  :D kidding aside, upon reading that, it made me think, yeah, can I consider bitcoin a currency when most of the time I can't benefit from it without trading it to dollars then to our local currency. Can bitcoin really survive alone without fiat money? I am getting confused I can't seem to find the answer...

There could be many reasons, like gov banning, exchange collapse, Ponzi schemes, protocol issues, or Bitcoin block size debate etc. But now Bitcoin is increasing. Every holders are happy and forget about the past.

The prices have fallen, Bitcoin didn't fail at all, it actually made enormous progress in all domains!

Price has fallen because the previous high of $1,100 was just too high and unsustainable! Bitcoin was in a bubble and that bubble has burst and deflated!

Bitcoin will go through few more of these bubbles in the near future until it doesn't grow enough and adoption doesn't happen!

There is constant improvements being made in all fronts. If the price doesn't follow is because people is slow in nature, most people don't get it yet, this should make you happy because you are here already and you can be buying it really cheap before it explodes in price.
While people talk about price, this is happening:

http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2015/11/bitcoin-universe-explained.jpeg

So do your research before saying "it failed" because that's nonsense. Come back in 2 years and look at the price and we'll see.

Did it really I am new to Bitcoin, but I haven't seen that bitcoin have failed bad. Maybe I am a newbie who still don't understand about bitcoin.
For me the price now is kinda good if you ask me, but yeah who is to blame I am just newbie.
With this price that is $350,- than is for me kinda expensive to buy. So I will just do some Satoshi and make this account a Member and have a Signature Campaign.
If there is other methods to earn more can you pls tell me? Thank ;D

grab a brain..

i repeated what the WASHINGTON POST said on page 1.. search result no. 1 on Google.

so........

according to the Washinton Post everything is a Ponzi scheme.

oh and i guess that goes for everyone on earth too..
because i heard that before i turned on my first miner years ago.
and since, i have heard it from all corners of the globe everywhere.
don't believe me ?
Get off your ass and go check..

Want me to collect up 101 links to other people saying it ?
And i guess all of those 101 people "call everything a ponzi" too right ?

..utterly clueless beyond comprehension boys.
Drunk and high off of the temptation of greed.
Blind to the ice cold reality of how things actually are.
Desperate clinging to any false hope you can hold onto.

I alluded to a point that went over your heads like a roaring jump jet scraping your heads..
this forum is full of 90% delusional people who live in a bubble circle jerking each other with cheer-leading.
While the whole entire rest of he world carries on..

reality check the world thinks Bitcoin "was a thing" ..long ago !

You see the dumb part is i actually waste my time knowing full well what the response will be here.

If you can't accept what i just said as reality.. i can assure you it will not change and get better.

Well I think that it has done what is has expected to do. What do you think Bitcoin hasn't achieved yet?

maybe to 500$ where another touch down just for testing the marc. Back in the time there was an amount of over 1000$ and i think that can come some Time again!.
Anyways its very interesting where this everything goes! I think the BTC will be definetly higher at the end of the year ;)

regards
lama-hunter

as the title says bitcoin fail?
i dont think so that it really failed.
in fact, more people now adapted or accepted using it than before.
and it even goes up until 478 dollars.
for 2016 i think the price will be higher and more and more people will use it.

It failed because we're wasting too much time campaigning against each other when we should be campaigning for Bitcoin.

I'm not sure what you mean by this. You say we're campaigning against each other, do you mean with various signature campaigns competing for space, or was it that we are simply working against each other?

I agree that we are wasting too much time with other endeavors instead of spreading interest in Bitcoin, but I can't figure out how we could work as a group to campaign in favor of Bitcoin.

What you expect?i dont think 2016 is year of bitcoin,its need at least 2 year more,nut i hope not long time for bitcoin getting more than now

Even I am expecting value to go high dude. Now its showing little booming in when compare to last week and this week. This should take effect consistently at least. then We can promising rate increment in 2016. Lets hope for the good dude. :)

he is talking about the whole bipxx drama, we are creating holes in the comunity, with the consensus thing, and delaying maybe the adoption of bitcoin

surely it's not helping bitcoin in anyway, to have a debate about a thing that in the future will be certainly mandatory(block limit increased)

Of course it didn't fail! What kind of fail? We eventually managed to recover the price on a higher level. Look at pereira's infographic: that is an interesting one. The Bitcoin Ecosystem is too young still. I could agree on the fact that there's too much discussion on people than on development and this slows down development time but other than that I see NO FAIL.

Bitcoin went from 200ish to 370 (now) how do you call this failing?

In fact it's almost doubled and the value seems to be stable for at least 330 dollar

OP should elaborate more why he means that Bitcoin fail.
I personaly think it did not fail. Price was steady and even increased.
The number of opportunities where Bitcoin can be used for buying is increasing too.

If bitcoin have failed this year that I just stop buying them or having them.
But I just always believe that bitcoin will just grow. MAybe the price now is not that awesome than in 2013, but is still good.

Bitcoin did great in 2015, and will perform even better in 2016! 2016 will be a more than interesting year as the block halving is drawing a lot attention from normal interested people and professional traders. Don't know why you even dare to mention the word fail in your title.

I have been quite happy with Bitcoin this year. It was very stable most of the year, and I am pretty sure we will end the year close to 400$. Slow and steady wins the race!

Those are my exact thoughts on bitcoins this year.

You never know what can happen, it's really unpredictable but we all have our speculations about bitcoin.