Bitcoin Forum

Everyone's expectations after 2013 were just way too high. This is the year of FUD! Mark my words, we're gonna be riding a shit storm all the way through the end of 2014.

This is the year that's gonna test your will and shake off the weak hands. This year will weed off the people who jumped into bitcoin thinking they will earn a quick buck, those who thought bitcoin's price just goes up every year like it's a pattern set in stone. I'm sure a lot of them jumped off by now thanks for mt. cox (btw-- the price is $635 right now... imo a good buy even if we go down further). The ones who remain will be the ones who believe in bitcoin for the longterm.

Let's be honest here... 2013 was the year of bitcoin. 2014 not so much... I think 2015 might be the next "year of bitcoin" ...Wrinklevoss ETF and Wallstreet might trigger the next rally, and that won't happen this year.

Did you expect everyone to safely ride the train to 10k? No. Only the ones who take the risk and hold on might enjoy the ride to $10K.. and even that is not a surefire bet anymore.

Best way to kickstart a Year of FUD is with quotes like this.

 ;D we are in Februar, man ... (16,7% of the year !)

Jesus...

Do you realize we are 11.5% through the year?

That's about 42 days.

Last year's meteoric rise from 200 to 1200 took place in less time than that.


The fact is nobody has a fucking clue what is going to happen despite you thinking you know otherwise.

You are not an Amazon.com executive who is "in the know" about the next big move, you are not the FBI agent with his finger on the sell button for those Silk Road coins, you are not a professor of economics, are you are not Marty fucking McFly.

In July the price could be nearing $2,000 and every post will be talking about how close we are to "da moon". Nobody knows.

I don't like the speculation forum - I only use it a few minutes each day to fantasize about $100,000 Bitcoins, then I snap back into reality. Welcome to it.



Edit: Nevermind, I'm like 90% sure I just got trolled.

Dafar.  

Its the 2nd week of February.  
Compare Feb 2013 to Nov 2013.
Are humans really this dumb?  
I swear I can't take it much longer here...

-B-

We're a month into 2014 and you're already calling this year as a bust. If you're trolling you're doing a good job...

I agree that 2013 was the year of bitcoin, there was enormous growth in: 1) individual adoption, 2) businesses using bitcoin, 3) price and 4) press. This will be hard to replicate in any year.

So what is the next year of bitcoin by your definition? Mainstream adoption, fiat currency replacement? If so we are a ways from that still (unfortunately)

mass understanding of the technology

smart regulation

wall street



more or less 99% of the world population still have not understood what bitcoin is:

Bitcoin solved a problem thought to be impossible to solve amongst computer scientists. How to get a bunch of people who don't trust each other to reach a consensus. The implications are mind blowing.


although not completely true

http://www.reddit.com/r/Bitcoin/comments/1tt88c/today_i_realized_that_satoshi_nakamotos_great/

2014 is the "Year of investment"... there are no new toys to buy, and investing is the only safe thing to do now. (Just not as fiat investments. Those never return more then the value they lose over time.)

Those bashing BTC either have no actual clue what is going on, or they are simply trying to get you to lower your prices for discount BTC before the real spike coming in the following months.

Nothing has changed... Bad news makes people look harder when the market does the complete opposite of predictions. They realize all the crap-news is just bloggers trying to make money getting hits for ads, riding the coat-tails of BTC, in an attempt to seem "informed".

They are rolling the dice, and losing, while BTC, as a whole, wins... There is no such thing as bad news, only bad advertisements. News is something that people didn't know, and is truthful, and is backed by some kind of substance. There is little "news" that exists anymore. Just a bunch of people who like to hear themselves talk, like me, talking.

Where is BTC going... Inevitably up... Now, well, down, until the majority all thinks it will keep going down, then it will switch directions again. Which-ever way the majority thinks it will go (those acting on thoughts), it will always go the other way. Because if it went the way everyone thought it would go, we would all be winners, and thus, be losers with zero value. That is the way "value" works.

Me, I see a 60% off sale on BTC, and will be investing my income-taxes as soon as they arrive. Just like many people did last year, and the year before that. Those start arriving now, and will come for the next three months. Look back on the charts... That is when the "real spikes" come. This spike was just a prelude to the real spike. You have not seen anything yet!

Those who say I can't predict the market rising... Because they "clearly see it falling"... I say... "If I can't predict its rise, then you can't predict its fall. At the end of the day, I am the one making money off my speculations, you are just speculating something you don't actually participate in, and don't understand."

I expect it to fall... I need it to fall... To get those discount coins! lol.

I never said it wouldn't fall, I said it would go up to _____ price... and it does... but not before falling, where I swipe it up. Game isn't over until you cash-out and put money in your pocket... then you are out of the game, and we keep playing. You can lose by not playing, unlike a lottery. Because the longer you hold fiat, the less valuable fiat becomes. That is the only "truth" of fiat. Assets are the only real value. Ironically, virtual assets are the most valuable, because they are so limited.

P.S. Don't mistake "growing pains" for failure and decline... BTC is still on the greatest rise in history. It "is too big to fail"... sound familiar? But that is not true... nothing is ever too big to fail. Banks are failing because they are banks. BTC is thriving because it is BTC. It is, "just as simple as that", deal with it. Big things need to fail. BTC is not that big yet... Give it another five years, then it can be tested for failure, but unlike banks and governments, it will not. Because they are already participating in it, whether they lie it or not. They don't control as much as they like to think they do. That is their short-coming.

It is way to early into 2014 to make this kind of call. If anything the current news will make Bitcoin and cryptos that much stronger. You can always tell if it is a time to buy or sell based upon the headlines in the Bitcoin Discussion thread. Now is definitely a time to buy.

No.. not yet.. let it fall to $200 first... I want more BTC for my money!

Why buy it at 60% off, when you can get it at 80% off! :P

Why buy one, when you can have two for twice the price! :P

I too am waiting to buy much more at an 80% discount, I have the fiat waiting and ready to go :)

it is february. Just be patient man. I'll be back in this thread in July to discuss again.  ;)

Income-taxes coming... now you know why Gox is holding the market low... Guess where the majority will deposit funds to buy... The lowest exchange.

lol. I see that as a wise strategy move, not bad news...

BTCe got all the low funds all summer (millions), what they actually were able to get deposited, and Gox will get all the funds from income-tax time (billions). That is more money flowing into Gox than any other exchange, and all they have to do is hold the price low a little longer, which costs them nothing to do, but will reward them millions in exchange fees from trades all year long. Smart!

This is starting to get on my nerves too. Obviously quite a good percentage in the population are this dumb..
If you compare the price from last February it has increased by a factor of 27. If we had a growth again in another year by a factor of 20.. you do the math.

I agree and I'm bullish for the long term but not this year my friend, not this year. At least not for the first half of this year. FUD is too strong, too many weak hands holding bitcoin for a quick buck.



Well I hope you can prove me wrong but I wouldn't bet on it.


So wait, you're both calling me dumb because your speculation is different from my speculation? Because I don't believe we'll see the same trend that we did on 2013? Get the fuck out of here

I know this is only February. I made a thread on December 2013 saying we're gonna be on a sideways journey for a LONG time (long as in most of 2014) and I still believe that to be true. You guys are the dumbasses thinking we're gonna have exact same patterns as the years before. Things are different now. The reason we even broke 1000 was because of China, but now they're kinda out of the picture and not contributing to the price like they were last year. There are a lot more noobs holding bitcoin that will panic sell at the drop of a pin. The market cap is much higher now and the money needed to cause another price hike is significantly more than before... right now there is NOTHING in the near horizon that will attribute to that. Maybe if we are lucky we will hear a giant like Netflix or Amazon say they want to accept bitcoin, but it's unlikely for that to happen in these unstable times, and even so the jump won't be as significant without a huge amount of money coming in.

Do you remember the crash on July 2011 that took over a year to recover? And the crash on April 2013 which took 6 months to recover? That recovery was quick thanks to China's fake bullish stance and the US Senate hearings which cleared up the fear of bitcoin being banned form the US. So what makes you think we will just magically recover form this bubble? We need something extremely significant to happen this year for a recovery and rally above the ATH of 1240 and that may not happen until the end of 2014 or next year. People will not find bitcoin very attractive this year with all this FUD going around and rumors of exchanges halting people from withdrawing money.

Let's not throw out insults like a 12 year old just because you disagree. You obviously have no counter argument besides "oh look at the chart on feb 2013"!

Hmm, OP, can you help me? Please give me 6 numbers from 1-60? Thank you in advance.

1, 2, 3, 4, 5, 6

OP- Bitcoin was not that exciting last year in January or February either.  Can you at least wait until March to make this statement?  ;)

go to hell loser.  as long as we can buy weed and cocaine with bitcoins everything will be a-OK!!

If bitcoin gets above $1000 and stays there I'll be happy and still call it the year of BTC. $1000 was the dream, breakthrough price of many people for years. Everything is ok as long as we go forward. Small steps my man :D

I was feeling positive overall until this week, and now I have to agree with Dafar. 2014 may be the year of Bitcoin... falling. That's not to say it's finished, it may recover again in 2015, but all these problems with the exchanges and government regulation popping up around the world is a rude awakening that we have several major issues that need to be worked out before the price can be pushed up much further.

Posts like these make me ever more confident that now's the time to be buying.

Greedy when others are fearful... the principle of maximum pessimism.

Keep the bad press coming folks, I got orders that gotta get filled...

OP: "derp 1 crash derp game over derp bitcoin dead"

Surely it's no different in the respect that now most peoples' expectations after the start of 2014 has been low - could be completely different. We just don't know. Sure it has been a tough few months, perhaps a hit of realism to this fantasy but considering all it has been through Bitcoin is holding up pretty well.

Hopefully these issues will be addressed (no pun intended) soon enough and Bitcoin can get back to firefighting the daily FUD from governments and news agencies.

"Greedy when others are fearful" is fine, but greedy when significant bug is uncovered and exchanges are locking customer withdrawals one by one is just irrational. I think a lot of people will be starry eyed when we hit the $600 and $500 marks (cheap coins!) but as the reality of the situation sinks in over the next few days and prices drop even further, we're going to see a major rush to the exits that will get ugly.

don't you remember bitcoin rise up from below 100$ to 245$ in Feb - April 2013, then dump to 75$ from April to July 2013 and pump to 1200$ after that, noone know what could happen :D

Get ready for messy shorts guys

You know that it's not a good thing that people associate Bitcoins with drugs, right?

---

No, nobody knows what will happen this year. I personally think that we are in for a hell of a bumpy ride with all the new regulatory attention to bitcoin, but if we play our cards right we'll be heading for the moon. I'll buy til' the end.
OP, you do as you wish, and I hope that this year proves you wrong.

It hasn't started that way, but still there is more then enough time for it to end that way. I mean you never know how it will proceed from here. It could get a lot better, or lot worse.

That will change. The drugs link seems to have started to be referred in the past tense when it's mentioned now. It's bound to be a bumpy ride and I'm sure there will be much worse things to come, but also much more positive things too, like more merchant adoption and the positives of Bitcoin being shown in the media.

Every year has been the year of bitcoin since its creation.

Haha, I actually think 2014 will be the year of the Bitcoin though. This year has only just got started; I'm sure there'll be much excitement and positivity for Bitcoin to come. People just need patience.

Haha, that is not what I said at all. I still think bitcoin is here to stay and eventually it will head "to the moon"... but a common sentiment around here was that 2014 would be the year of bitcoin, which I'm assuming means the price will continue to rise from last year's momentum. I just don't see that happening yet. I think we're gonna continue in the $700-900 range for months, maybe even for the rest of this year.


All I am doing is holding, trading alts to increase my overall BTC count, and buying small amounts when it falls below $650. Like I said in the OP it was $635 when I was writing this and it's been up since then. Seems like there's still a strong resistance at the 650 mark which is pretty impressive considering all the shit going on.


That's true

A major bug.  That's what I hope all the lemmings believe.  Cause that means cheap coins that rebound fast once those lemmings figure out it was never a "major bug", and the fundamental technology behind bitcoin is solid.

Its Bitcoin year , remember when theres big drop there will be big raise  ;)

+1

i think the OP invested in december 2013 and hoped to triple his money in under 3 months. i hope the guy aint a doctor, coz he is no good with patience(patients)

When legalisation news starting popup no one can stop Bitcoin raising over 10k dollars.

Yup. You were trolled. But what a darn good reply!

Keep the FUD coming, I have more BTC I need to buy and I'm loving the discount rates thanks to suckers like OP.

The price is going to raise , stay steady for 2014 !

It was $25/coin one year ago today

Funny you bring this up.  I had a fairly lengthy conversation over Thanksgiving weekend with a macro econ professor at a well-known university in the US and in the conversation he kept falling back to comments that showed zero understanding of how Bitcoin works and how it is different.  This conversation just confirmed for me how long the road is to people really understanding Digital Currencies and how they are and can be different.  Although an econ professor is probably more likely to fall back to concepts and patterns that they understand and live/teach everyday, I think many of those same points are valid for the uninformed public as well.

Maybe not totally relevant to the topic, but the point of us having a long way to go is still important, IMO.

OP mad for buying in at the wrong time.

Your expectations for 2014 are too depressing.

We're talking about an industry countries are hindering but it is a billion dollar industry! Cryptocurrencies would be a great one world currency  :o
2014 WILL be a VERY good year for Bitcoin!

Have some faith and ambition, it's all about innovating companies affiliated with BTC and bringing in jobs for the international community! Speaking three languages fluently I can say that I'm putting a damper on learning another spoken language and primarily learning code, learning to code with the amount of advancement in technology (Computing power DOUBLES nearly every 18+ months, only because large companies want to make you wait and spend a ton of money on hardware that costs cents, for example BFL miners LOL..Apple's iPhone, come out with new iPhones with old technology, make them even cheaper and charge even more!)

OP just spreading fud, 2014 will be booming!

https://i.imgur.com/MSdtpjp.gif

This is the best time to buy in the last 3-4 months.

Do think this is a great time to buy.

Even the negative publicity is helping. If you're trading over mining then every drop and raise in price is potential. Media are all "OMG@BTC DERP FUD DERP FUD - Is this the end of BTC?"

And when they eventually come round and go "hey why don't you buy $5 and see what happens?"......

FUD year  :D

btc haven't done that good in 2014 till now, but then again a year is of 365 days, 5 hours, 48 minutes, 46 seconds so we got a lot of time . I never like to judge things too early.. will wait ..

Two bad weeks in February and it's a "bad year"?

What was wrong with January? We had a very stable price and a steady stream of good if not amazing news.

People were even complaining that bitcoin got boring. It should be boring, because this is a time when tons of infrastructure work is being done behind the scenes. Remember all the VC that's been dumped into BTC startups last year? That money will take some time to surface as new services. By summer, if not sooner, we'll be seeing the fruits of that investment.

2014 will be the year of the bitcoin ATM! It's all about easing the transformation and making it accessible. Bitcoin is only 'crashing' right now to help those who feel they missed the boat also get on board... Satoshi probably built it into the source code  ;)

Time moves fast in Bitcoinworld. Two months is essentially 3-4 months in real time  :D.



I'm sure these ATMs will start popping up all over the place during the course of the year. This year has gotten off to a arguably bad / slow start, but I'm sure this will change soon enough. I think people just start panicking if their money isn't growing like they'd hope, but those people are probably in Bitcoin for the wrong reasons anyway.

I heard folks clamoring for the death knell of bitcoin many times back in 2013 as well.

There was a time when we weren't even sure bitcoin was legal in the United States, and concerns about Fincen were rampant.

March saw a very sharp drop in the market following a hard fork, which the devs subsequently fixed and things returned to normal a week later

No one was sure whether ASICs existed for a time, and BFL and Avalon had longer delays than your average gestation period for an elephant. There are more failed and scam mining companies than I can count

Exchanges, wallets, and services, and businesses were getting hacked, shut down, or flopping.  The list of failures is substantial: Ziggap, Bitinstant, Bitspend, Instawallet, bitcoin24, inputs.io, those are just off the top of my head. On and on we go.

MtGox was screwing up even back then with the DDoS attacks, Dwolla fiasco, seized funds for failing to register as an MSB, and growing withdrawal delays that basically started the long slow death of their market

You couldn't read 10 sentences into a media article on Bitcoin without some kind of mention of the silk road and other scandalous dark purposes people could possibly use their money for.  

Economists balked, businesses bypassed it, Paypal, banks, and ebay screwed users over or cut them off when trying to use it.

Government seizures of hidden websites caused panic.  Financial Authorities issued warnings against it.  Regulatory hurdles stifled the development of new ETF markets and ATM services.  Tax questions caused uncertainty.  China Boomed, then restricted bitcoin. India floundered.  Several European countries including France looked down their nose at BTC. December saw a series of enormous crashes and pullbacks from all time highs.  

And you know what?  we're still here

Price went up over 100-fold in 2013.  Adoption rate exploded.  More people are interested in it than ever before and new ideas and talents are being brought to the table.  I cannot even begin to imagine what 2014 has in store.

Agree.. the countries where btc is already legalized must get btc atm's that will make it more popular and will give btc's more and more required exposure  ..!    

+1

I have been around since March of last year and agree.  It is crazy to read this though.  We have come such a long way!  Sure, there the road will still have some bumps in it but I think each of these hurdles just prove how strong the currency really is.  Good times ahead for sure!

When there is blood in the streets, buy.

+2

I think a lot of people bought at the top or thereabouts with the idea that it was going to keep going and they are all in panic mode because it's not here now... it's just a little bump in the graph if you zoom out  ;)

Let's see, with all of the hurdles we had to overcome last year we still went up 100x.

So, using the undervalued GOX price right at this second at $462 we could end up at $46,200 at the end of the year.  ;D

Tell us more of the future.  :o
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.

You're a towel.

I like that , the reason people are using bitcoin is this might be the currecy to use in next generation or in the future .

We dont know what will happen tomorrow, this forcasting based on momentary feelings is useless.

http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212

if news like these will hit big news media, year 2014 very well can be the year of Bitcoin.

Way too early in the year to make any sort of prediction like that. Especially when the first few weeks/month of the year started out with large retailers accepting bitcoin and other good news coming out.

We've had like 1 week of bad news. Lets calm down a bit and stop overreacting.

Anyways, technical issues and exchange issues are a good thing in the long run. It allows improvements to be made as time goes on so the same thing doesnt happen again in the future.

OP is the guy who borrowed $1 million from his Dad to buy bitcoins when they were $1000+

Looks like he's down about 300 grand right now:

https://i.imgur.com/SBT33b6.jpg

Don't worry about it though, hold long enough and you will profit massively.

2014 is the year of the alts

Bitcoins been over for a while, 2014 is the year of crypto coin 2.0 bitshares is the best emerging exchange network

Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.

i am not sure of that. I have invested almost everything I have in btc and now I fear I am funked. I am thousands dollars under right now. I hope you are right. I cannot tolerate more loss. I have a child and I am 25.

We're not going up at all yet, check the 4 hour ema chart on bitcoinwisdom; it clearly shows a continued downward slide. we're only one or two bad news stories from sliding down past $500 into the next line of resistence at $380. the last bubble isn't too far behind us; what's happening now is people are losing their faith. no worries though, stick through this and we'll be rewarded eventually. but as OP has assessed, it may not be until next year that we see a ROI.

Yeah, I agree that people are scared and it looks like a lot are panic selling with all the FUD being spread. I'm pretty sure the Gox price has a lot to do with it... looks like some are selling out really low which is dragging the price down, but it looks to be stabilizing. I'm not sure it will go sub $500 because there are a lot of options waiting to snap up large amounts before it gets there which should stop the price from going that low.

Once everyone starts to realize that Bitcoin is not illegal, things should turn around :)

Remember: you only make a loss once you sell.

Bitcoin was @ 1200$ December 2013.  8)

Nevar Forget

Maybe it's too early to judge.

Sounds like a troll attempt, but if not, you really should think more thoroughly next time before you invest money that you "cannot tolerate to lose" into whatever (not just Bitcoin).  You should only invest what you are prepared to lose in case something catastrophic happens (or you just need to wait a little longer than a few months for it to make profits).

In 2014 we will see flying bitcoins.

It's been  a bad start to the year I admit but I see good things coming of Bitcoin.

Isn't there still 10 more months in 2014?

Rough start, but it's not how you start but how you finish.

Remember 2013 on January 1st was $13.  Thirteen Bucks!

Just seeing BTC bounce around this $600-$800 range for several months should be grounds for optimism.

And NO, I'm not counting MtGox prices.   :P

Yeah 2014- year of investment
year 2016- buying hotel on bahamas  ;D

Bitcoin hasn't fallen that much I don't know why everyone is panic.

You do know Bitcoin was $28 this time last year, right?

If anything even with all these obstacles this year look damning, but this chart shows Bitcoin's resilience.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=730&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Every year is a year of Bitcoin! :)

From 2008 till it's death!

:)
Crazy to think not the same ;)

The fact that we're still above $600 given the scope of this FUD storm is an indication that the current price is way undervalued.

Economists are talking about the underlying technology aspect for once; that's more than valuable, it's priceless.
The price drop didn't hurt any of the major businesses who accept Bitcoin; that's extremely re-assuring.
New innovations are in the works that can change several aspects of the world outside of the financial sector; how exciting is that?

The impact of this FUD on a previously bearish market leads me to believe that a rally is coming very soon. It's like we're primed and ready for it, and as soon as those Bears get into the "buying" mood it'll snow-ball into much more.

The problem with Bitcoin is that a majority of the exchange users are trying to be ultra day traders and they pretty much pre-determined a bottom to this market at around $380 across the major exchanges.

What they aren't really accounting for is the uncharted demand. Looking at the volume of a bid wall won't show you how many people don't have orders already set. CoinBase ran out of fiat in the exchanges from the US demand alone. None of those bids would be visible to people using conventional charts and TA. There's a shadow market behind the exchange that spills into the exchange when the price lowers.

I don't think there's much more opportunity to recover from a bad "sell" decision from here. It looks like we've found a huge level of support here and it's not going to show up in the charts...

I really think Bitcoin will change the world very quickly and I feel lucky to have the opportunity to invest so early in it's adoption.

We're getting close to another major market move; I expect it to be upwards. I don't understand why anybody would sell right now unless they really need to pay for something of use.

My feeling is that any price rise in 2014 won't be setting the world on fire. It'll be a year of relative consolidation.

Building foundations and infrastructure is far, far more important than another procession of bubbles and that's what this year is promising.

Once more of that is in place we'll be ready to have minds blown again.

Because it is! :) Or maybe some will say that is not. According to prices of hardware and all costs included + stress :) it should cost more..


Bitcoin already has changed the world and will even more! :)
You are very lucky to be an early adopter and I wish I could be one of you to. But I was not :(

And sure that people should learn to just HODL :)

I think there is enough room in one year for both to happen.

I'm ready to be pleasantly surprised/ flabbergasted.

I won't be heartbroken if epic price explosions don't happen this year. They're on their way eventually.

I didn't learn about Bitcoin until November of 2013; the point I'm making is that we are all early adopters here right now...

Think about it, Bitcoin is in a stage of it's development where the scope of it's possibility isn't even fully understood. All of us here are in the 0.005% of all future adoption.

There's so much potential here and even those who bought at $1,200 got an amazing deal. You might look at the market today and think that your $1,200 per coin investment was a poor choice. That would be completely discounting what you just might actually have bought yourself... A rich future.

Bitcoin has a binary future. Either it will take over through the vast superiority that we've all had the foresight to see, or it will disappear from the world and be worthless. The future's not written on the wall but the world doesn't just eat out of the hands of regulators and law makers. If the technology is superior, people will use it. You can't un-invent a technology... It will exist and the world will use it for as long as it is useful.

yeah still early. some province dont even have internet yet

Yes early days for Bitcoin.

Bumping for a reality check


Noobs will think bitcoin is slowly dying... but like I said 2014 is NOT the year of bitcoin. Expect a shitty ride for most of the year, if not all the way through 2015. Expect the next explosion closer to 2015

OP bought it too high?

the biginning is tough. donno when it will bounce up again

Way to early to tell, it's still only February.

A bit of good news, more mainstream adoption, endorsements from public figureheads is all we need for another jump up.

probably due for a crappy year.  It's cyclical with a general positive trend.  Which means sometimes its going to go down.  Also a lot of real world stuff might happen this year ( regulation, laws, pushback ).  Not everything can be positive.

It should start recovering soon.

I bought most of my BTC between $660-$620, which I think is pretty cheap in the long run.


Yes, I also think BTC's value has been growing too fast for its technology to keep up. We still have a lot of milestones to overcome in order to make bitcoin an attractive option for the masses: the volatility, security, and simplicity (something similar to what the browser did for the internet)


Btw- in light of some good news Neo&Bee is doing something pretty substancial in Cyprius: http://www.youtube.com/watch?v=7mY-0ZwR-aY

I do not agree

have you got any good reason? :) I would like to hear why is that you do not agreed.
Thanks!

regards!

Because there hasn't been another all time high yet.

If BTC stabilizes at any relatively consistent rate in comparison to fiat, then it will be the 'year of the Bitcoin' - even if that rate isn't the bazillion dollars it was predicted to rise to.

In reality, the old world money (banksters and such) will never allow a currency like BTC to rise to that level. They'll just make their own, which will be accepted by default. WorldCoin - backed by the world bank, and accepted everywhere.

Now that's some FUD!

Anyway, a stable Bitcoin is a great step forward. Volatility scares off newcomers.

I can agree with that :)

2014 will be a big year for BTC and LTC.

There still 10 months left for 2014. That is plenty of time. We don't know what happen for sure. If it does have some major changes hopefully its for the best.

This the golden age of bitcoin is just starting.  And I'm certain 2014 is one them.

If the thread was "This is NOT the month of bitcoin" then I would concur.  ;)  So far February has been a bit depressing thanks mostly to Gox.  But once this fiasco is over we should have some rapid growth. 

Oh yes I think so too!! :)

2014 it is going to be a wonderful year :)

I think bitcoins will be ok. I am in bitcoins for a quick buck, and it has not dissapointed.

Damn guys, i hate to be a wet blanket but zoom out on the charts to one week and you can see red candles for the past six weeks in a row. this hasn't happened since summer 2011 and is a pretty strong indication that the run up in november was too much, too fast for bitcoin. it seems to add more weight to the sentiment that it could be a considerable amount of time until enthusiasm in bitcoin grows again.

agreed. but how over-bought was it?  Can't it still be the year of bitcoin without having a price bubble.  It seems adoption has been on the uptick.  http://www.bitcoinpulse.com/chart/coinmap/num_venues/total

This is the year that will separate the boys from the men.

I don't think it's unreasonable that the major investors in Bitcoin would actually have an incentive to make Bitcoin seem volatile and unstable so that 1) they can corner more of the market and 2) they aren't giving their magic money fountain to people who can't think outside of a cardboard box.

The manifesto of Bitcoin is that people with the capacity to understand numbers, investor logic, etc. should be able to make a profit from the system.

Whereas people who use Bitcoin solely to buy drugs or to turn quick daytrade profits aren't given the keys to the jet- but still may occasionally turn a nice profit and in the end may make a small fortune simply for having something in the game at all. Think long-term. Like, 1,000 years down the road long-term.

Bitcoin or some other cryptocurrency will be with us now, no doubt. Cybercurrency is too fast, easy and affordable and even perhaps somewhat private. But the price of Bitcoin, I suggest, will also be hugely influenced by the eventual or imminent collapse of the US Fiat notes as world reserve. A devaluation will send users worldwide, flooding to cybermoney. Kudos to the companies preparing for this avalanche.

I'd like to see a bitcoin to PM gold/silver ATM.

Remember last year ? Bitcoin price Raise at after FEB !!!

I think it could be the year of the ButtCoin...

We are writing history, a technical revolution.

you're a new prophet??? how you can know something like that... statoshi nakamoto dont know that....

all of speculations are just like being a prophet :)

you know that everything is possible :) (almost everything)

how does one mine buttcoins?  ;)

The price is resisting quite a lot compared to all the bad press and all the mtgox fiasco, it could go down sharply if mtgox shut down though

I am certain that the price will go up to new highs once the european debts come back in the news and when Yellen announces QE infinity and that she needs to buy all the government debt because the Dollar will plunge and people will finally realise that the real ponzi scheme is the Dollar not Bitcoin

sure it is going to be! :)

We just need to remove MtGox from Bitcoin world ;)

Do you realistically believe LTC and BTC will keep on the rising trendline?
Did you know, that BTC used to cost like 0.01 USD so you can calculate how much it has already risen.

What makes you think so?

Did you know, that whichever altcoin you are today pumping used to cost like absolutely 0 USD, so you can calculate that it has already risen infinity percent?

We get that you think bitcoin is doomed. We get that over a long enough period of time, bitcoins of today are either going to be fabulously valuable or completely worthless. We get which side you fall on.

It doesn't need repeating over and over in every topic, unless you have something genuinely new to add.

:) what makes you think different?

Bitcoin is future of monetary system and each year it must get stronger to help us to live better lives!

Yup, definitely early days still.  Every technological innovation goes through a growing phase.

This is essentially just year 5 of something most of us believe will be here awhile.

Once Gox is gone for good, you can believe 2014 will be another banner year.   ;D

Indeed everything is possible and we will see what will happen....

But sure is one thing :) 2014 will be a year of Bitcoin!

That is what we are all hoping for : 2014 being a huge year for Bitcoin but there has been a lot of bad news so the sentiment in the community is pretty bad

The price has been resisting during the mtgox fiasco so when it is all over we should go higher and higher because a lot of new people are getting involve in Bitcoin everyday and the system is still improving and gaining adoption

31/12/2014 1BTC=3241$

I believe you are right :) but time will show ...
I really hope that it will hit $2000 at least

I made this thread before all the GOX drama... told you this was the year of FUD. The common image for bitcoin is lower than it has been in a while.. price is still 50% below last year's ATH and we are midway through March.

Yeah it's only 1/4 of the year... but my stance is still the same for 2014.

Ok.
Why not stop shitposting and wait for the next 3/4 of the year, and we'll find out, won't we?


:)

Until it falls below the support of the previous ATH, it's still appreciating in value. This looks cyclical to me... The fact that we've maintained so much momentum given the level of FUD is a testament to our resilience and to our growing immunity to FUD damage.

Bitcoin *should* by all means be trading at less than $100 given the intensity of the external negativity and the circumstances; I can draw only one conclusion: A positive attitude about Bitcoin is expanding more rapidly than the negative attitude spawned by external negativity. Bitcoin is an extremely attractive investment at $650.

Lots of whale blubber got trimmed, those who sold in the $500's probably should have been buying... This is looking like a historical base level of support. The equilibrium will be broken and considering how ineffective the FUD was at destroying the image, it looks like the next trend will be up again to a new ATH.

I'll bet you exactly 1 BTC that by the end of this year, the price will have seen $1200, Bitstamp.

Hell no, that's very likely... but that doesn't make 2014 "the year of bitcoin" like 2013 was. $1200?! We used to be so much more ambitious

Yes :p

$1200 was a joke and an inflated number in 2013. It was driven by Chinese mania and we have ricocheted between 400-800 ever since...

Meaning $1200 in 2014 would be Bitcoin DOUBLING its value during a year that saw the most popular exchange collapse, the first major flaw found in the protocol's code, and several countries either banning or enacting strict policies against it. Pretty amazing IMO and I think $1200 is a low guess for the highest value this year.

2014 is the year of Bitcoin. As is 2015.

wow much fact, such information, very entailment, how sorry  :'(

I have been sent from Dafar, Dafar to tell you this will be a great year.   :D

This is the year I quit trying to day trade!

I don't get it ? :) what you mean by that?

I am not a day trader too, but you may still consider to buy and hold.

Even though you think that 2014 may not be a good year of Bitcoin, it is likely that Bitcoin will come back soon after 2014 once public confidence is restored.

If you don't consider seeing $1,200 in 2014 to make 2014 "the year of bitcoin", then can you tell us what your criteria would be for 2014 to be the "year of bitcoin"?

(I'm not saying that I think $1,200 is the thing, either, but I as an optimist am interested in hearing what a pessimist like Dafar thinks)

This is the year I, if stay alive, healthy and don't lose majority of my BTC on some exchange or so, will become a millionaire and by some :D

Less than $3,700 this year would mean this is not a (relatively) good year for Bitcoin. The entry point in 2014 is $740 and anything less than 5x appreciation in a consecutive 12 month period isn't spectacular performance (historically) for Bitcoin... 2012 For instance, was a very poor performing year in that Bitcoin only appreciated ~4x if you bought and sold on Jan 1 of each year.

Edit: to clarify - Bitcoin is in infancy, the years of exponential growth are only just beginning. Logarithmic S curves tend to show their hand early...

What the guy above me said. Look at the growth in 2012 and 2013 and compare it to the growth $1200 would bring this year, hardly the "year of bitcoin"

Apparently a 400% rise is poor  :P


Dafar, If your only criteria for it not being a "Year of Bitcoin" is "the price didn't rise enough for me to buy a 2nd home", then I think we have different thought processes.

That would mean 2013 was also not a "Year of Bitcoin" seeing as how the $1200 price at the end of the year was obviously inflated mania. The real increase ($120 to about $600) would have been about 500%.

I'd be happy with a very slow and constant rise to $1200 or more by the end of this year - an ATH price that can be supported with a steady, increasing userbase and mainstream acceptance. THAT would make 2014 the year of Bitcoin.

Then again... EVERY YEAR has been the year of Bitcoin as far as I'm concerned, whether the momentum is gained from huge price increases, mainstream acceptance, surviving a scandal, etc. The fact that we're at $650 now, after everything that's happened, coupled with nothing but good news on the horizon, makes me think we'll be just fine.

There's also the very real possibility that the price at the end of 2014 will make us both look like retards. There's 9 months to go...here's hoping.

I see.

It's very disappointing that not only do you purely see the success of bitcoin in terms of profit made through speculation, but also that your requirements for that are so high. I don't think that we have any common ground that we could even agree on criteria for what would make "the year of bitcoin" - while seeing $1200 again would be nice, if that was all that was achieved then I would be unimpressed.

I appreciate that bitcoin is not the same thing for everyone, and that to some extent speculators are required in order for there to be success, but do you not think that if Satoshi were purely driven by profit and personal gain then bitcoin probably would never have happened? That is, bitcoin was clearly not designed purely to make early adopters ultra-rich, that is just a happy by-product of its success. It was designed to improve society as we know it.

For me the criteria for a "year of bitcoin" would therefore involve some clear benefit to society as a whole, not just making a minority rich.

It is essential that some people (not everyone) do things with bitcoin that don't just involve buying low and selling high.

I don't look at Bitcoin in terms of price, nor would you see me call it the year of Bitcoin. Bitcoins survival is good enough for me; and the year of Bitcoin will be the year it's opponents give up trying to destroy it.

I do think that in order to claim a title you have to beat a previously established record. People weren't talking directly about the maximum USD price when they called 2013 "the year of Bitcoin" they were talking about it's exponential explosion of value. A 400% increase would not claim this title in 2014...

I support Bitcoin avidly but I'm not going to shy away from a legitimate answer just because I have a problem with the potential inferred association of the question.

You want a boring slow and steady increase? Congrats, you have one now. And IT SUCKS! Most of the positive media attention and excitement are derived from the insane price increases. It makes bitcoin an attractive investment, it gives it the attention it needs and it's the reason that draws most people into bitcoin whether you like it or not. But instead we are surrounded with FUD, because when the price is boring the negativity speaks louder and morale of the community takes a hit. You're not doing any favors for bitcoin by pretending to be humble and selfless and not caring about the price.


It can still go anywhere that's for sure. But when I say "year of bitcoin" I'm also talking about the positive attention, positive news, all the developments, etc.. 2013 was an amazing year, and the price had a lot to do with it, I would even say right now it's one of the most important because it brings bitcoin positive attention which also helps it grow.

I don't know is 2014 will be ...or NOT...the "year of Bitcoin"...

But Dafar's "crystal ball" prediction is definitely "The most retarded post of the 2014" ...so far...

Congratulations to the winner..lol

Oh my word, no, I suppose what we should be doing instead of actually promoting the use of bitcoin is starting topics that preach doom and gloom all because we've seen 2 and a bit months of downturn?

I can't understand it from a general bitcoin point of view, I can't even understand it from a speculator point of view. I don't think I ever will, so I better just leave you to it.

you might be right, the caveated counter is that when things move they move fast so we might see that kind of fast upward action again in a 2 or 3 week burst

LMAO

Let's look at that old adage from Gandhi that's oft quoted around here:

"First they ignore you, then they laugh at you, then they fight you, then you win."

If we accept that, then this is how I see it:

2009 to 2012:  The "ignore" phase - no resistance, so price rose easily.
2013:  The "laugh" phase - again, little resistance, so price rose easily.
2013-2015:  The "fight" phase - huge resistance (regulation, attempts to ban, etc.), so the price doesn't rise (much).
2016:  The "win" phase - all the regulations are now in place, the way forward is clear, the price skyrockets.

Of course, this assumes we win the "fight" phase.

Put that in 2013. It's 2013 when both regulation and ban talks started.

U don't know what is going to happen in this year, time show us the price in this year of course.
Reg.

Sure nobody knows.
Last year price multiply about x30 times so ... :-)  nothing is impossible.

You sound like a coked up wall street stock broker. I mean that in the nicest of ways.

The current price situation is not ideal,  but you have to remember that even with growing acceptance there are still thousands of Bitcoins entering the economy each day. I think we're fine, all things considered.

What I don't get is if you feel this way, WHY would you post a doom-sayer's rant TWO MONTHS into the new year about Bitcoin sucking? FUD never did no one no good no how.

Where did I say or imply bitcoin is doomed? I didn't even hint at that


And this is just my opinion, it's a speculation... no need to get upset over it because 1/4 of the year has passed and so far I am right.

So accept my bet  8)

What was your bet?

You can update the wager to your liking.

Nah... I like to keep my word when I make bets and I don't want to lose 1 BTC... like I said $1200 is likely to happen. I think we're gonna be in a boring $600-800 range until July or August.. and then our next rally will take us a little over $2000, correcting back to the $1200 range. Which is not bad, but I don't consider it "the year of btc" after the excitement of last year

 

Wow, I'd love to see $2000!   :o

I'm just glad we're not at zero after the first 3 months of nothing but bad news.

At this point I would too.... there's a good chance that might not happen til 2015 though

I'M CALLING IT EARLY

2015 - THE YEAR OF BITCOIN

I'm calling it, all my sources have confirmed. 2264 is the year of the discombobulator.

/thread

We're not halfway through the third month of 2014.  So far this year, we've basically dealt with:

- Perceived ban on BTC in China: Have you forgotten about this?  Coming into 2014, many people were under the impression that Bitcoin was completely banned in China, and exchanges still operating were awaiting shutdown.  China accounts for well over 50% of global Bitcoin volume.  The reality is that there does not seem to be a ban on Bitcoin.  However, the China "ban" is what ended the massive run up to $1200. 

The government banned all companies in China from listing products in BTC.  Before the ban, China Telecom had just begun accepting BTC (world's largest mobile provider), and other companies were signing up.  BTC was about to take over the domestic currency.

- BitInstant Founder Charged

Charlie Shrem's arrest is a big deal.  It shows that there are extremely high risks when operating a Bitcoin business.  Transferring money around, if not done to the satisfaction of the government, can + will land you in jail.  It's one thing taking a risk on capital starting a business, it's another taking a risk on your freedom.  Talented developers who may have been lured into the Bitcoin world now have much less incentive.

- Mt. Gox -> Empty Gox

No need to explain this.  The world's #1 Bitcoin Exchange from 2011 - mid 2013 (and still high volume right up until feb 2014) is bankrupt.  Shows that there are many risks in Bitcoin which cannot be solved by Bitcoin itself.

Pretty grim year so far.  And yet, here we are.  Bitcoin is $600+.  If you look at BTC average price per day this month, it still ranks above every month in 2013 aside from December.  What more do you expect could go wrong in 2014?  China seems to be stable, Mt. Gox was a disaster waiting to happen, and has now happened.  US regulators seem to be looking at ways to make Bitcoin work, no one aside from that one Senator has mentioned anything about a ban.

The only things that could really put a big dent in the BTC market for 2014 at this point:

- Another major exchange is insolvent or gets hacked (unlikely -- some people have mentioned BTC-e being the biggest risk now -- Their biggest risk is the government at this point.  They are likely swimming in money, but may be quite high up on the US target list.  They remind me a bit of Liberty Reserve.  These guys should stay away from the United States)

- China / USA / Eurozone bans Bitcoin completely.  USA / Eurozone is extremely low possibility.  China is always a risk, but they're quite stable at the moment.  Watch out if prices spike wildly, that's when the government likes to come in and cool things down.

- Flaw in Bitcoin source code (Highly unlikely)

- Proof emerges that NSA created Bitcoin (yikes, unlikely though)

I'd say those are the big things that could cause another massive drop in BTC price.  If none of these events happen, and the odds are they won't happen in the near-future (3-6 months), then I don't see how BTC price could do anything but rise.  Bitcoin is all over the news these days.  People may not completely understand it yet, but it has had huge exposure from all the interesting events this year. 

Buying Bitcoins is now extremely easy in most places.  People in Canada/Europe/parts of Asia can use Bitcoin ATM's, people in the US can use Coinbase, people in the UK can go to Zipzap and buy some in person.  Compare this to early 2013.  Back then, the only reasonable way for the average person to buy BTC was to send a wire to Gox.  Ease of access is growing daily.

Retailer adoption is growing due to the amazing service provided by Bitpay / Coinbase.  It really is easy to accept BTC for most businesses.  Overstock's success must be inspiring other companies to adopt.

Don't sleep on 2014!  We have a long way to go this year.  The speed bumps likely arrived early.  This is a technology with a ton of upside and applications which haven't even been realized yet.  Security needs to be improved for the average user, and developers know that.  There's smart people working on these issues.  They're certainly attainable.

Target price: $2,500 all-time high at some point in 2014, December 2014 ends with a price of ~$1,750

actually, I think 2014 could be THE year of bitcoin (note; that is not the bitcoin price/value)

You too? Everyone wants to get rich with bitcoin in 2014. But I'm affraid we can only have 400-800. Which is great for the freakin speculators who harmed bitcoin to it's core (glad that some lost with Gox though).

Anyway, we need no exchanges! Bitcoin in the street!

Oooh :) "Anyway, we need no exchanges! Bitcoin in the street!" it makes my body thrill (in this good way:P )

It would be wonderful :) but this will come perhaps next decade.

Let's see, all the above troubles that R2 described and we are still sitting pretty at 600+ USD, more than double the price a year ago.  In fact, has there EVER been a period when the price of bitcoin was less than it was a year ago?  I think not.  We still have plenty of time for 2014 to be the year of Bitcoin.

I think there is a lot of reasons to be very bullish on Bitcoin : lots of bad news didn't make the price plunges, it regain a lot of its losses recently (pumping?), everyday people adopt Bitcoin and probably not a lot stop using it
A huge economic storm is going to hit the States and Europe, the USD will plunge and Europe is likely to monetize its debt as well so a lot of investors will seek refuge in Bitcoin, Gold ect.

we hit the bottom at 400. the following wave has never taken more than 6 months to take of to new ATH's and the moon. we will see $1000 BTC and $10000 BTC in the same year - this year.

Many of us would be happy if this became the truth :-)

Would YOU like to make a bet?

I'll betcha my entire stash that Bitcoin stays below $10,000 Bitstamp for the rest of 2014.

hmm no Ill pass thanks, cos 10,000 is actually a very strong resistance. what about 7k? id make a small bet. but it would hurt you more than me to fork over bitcoin at that price!

http://bitbet.us/bet/635/1btc-10-000-usd/

I did in fact make that bet. I know that one or two other regs here did as well.

Okay - I'll bet you 0.5 BTC that the price stays below $7,000 (Bitstamp) until 2015.

*VIRTUAL HANDSHAKE* if you accept.  :P

We say you have a short year on your planet.

Hate to say it but looks like you have been right so far, but everything could change. If we got one big merchant involved like ebay or amazon I'm sure the price would go back up as fast as it came down.

+1/2 (only because 2014 is not over yet, you'll get the other 1/2 if we don't break the ATH)

But in general, I approve this gloating.  ;D

That will make zero difference. 2014 has clearly shown that average investors give a rat's ass about merchant adoption, because few people, if any, are joining the bitcoin economy just to convert from cash and spend them. It's mostly just long time holders spending them.

Im not concerned if it isnt. It will eventually hit mainstream adoption. Poster above is right tho.

Merchant adoption helps bitcoin in the longterm because it makes bitcoin more "legit", more people become aware of bitcoin, and people find incentive to use bitcoin when more merchants support it.

But don't expect news about merchant adoption to cause a rally, it really shouldn't.

2014 may not be the year of the Bitcoin price, but it sure as hell is a good year so far for Bitcoin acceptance and services.

August, and the OPs prediction is panning out so far for 2014...

The year is not over!, anything can happen in 4 months.

Yep!!!

We went from $2 (November 2011) to $1242 (November 2013) in 2 years!!!!!

BUMP again for the truth.


It's October 2014 tomorrow. This year is 75% over. BTC is currently at ~$380...  




I use a bit of logic and some common sense and I always end up being right. People posting highly complex TA and charts are bullshitting you and themselves, they don't know jack and I'd stop listening to them if I were you.






https://bitcointalk.org/index.php?topic=375372.0

To be fair what is your definition of a good year for Bitcoin?

Aside from the year not being out yet, it is fair to say that there has not been much positive momentum in terms of Bitcoin's exchange price, sure, but there's as many places as ever to spend your coins and there are more people aware of Bitcoin in some capacity.

For something that has been dragged through the mud it is doing alright. Given that the highs of 2013 were manipulated by Gox I would say that benchmarking market value against those highs would be foolish.

Be careful, you are falling prey to hindsight bias. Well done on your prediction, but do not let it go to your head. The moment you convince yourself that you always end up being right is the moment you lose the doubt that keeps your ideas critical and acts as the selective force for accurate predictions.

EVERYONE NEEDS TO WORSHIP ME OR APOLOGIZE BECAUSE I WAS RIGHT!!!  Especially all the IDIOTS in the first few pages lmao. I know exactly what will happen in 2015 as well, but you guys don't deserve my predictions







No...... 90% sure you got schooled, because I was right and you were wrong

2014 is the year of start of adoption of BTC.

Correct, we're still very very very early days in this technology:

https://pbs.twimg.com/media/Btfb9hACMAMDJUy.jpg:large

We have a long ways to go, but with all the venture capitalism, development, and slow but steady adoption, we all must stay patient, use Bitcoin, and continue to spread the word.

FTFY

Is this your prediction in the quoted post below?

Good call!

2014 was the year of Bitcoin consolidation.

People shacked from their moon illusion, and more and more people hearing about BTC  , and more and more places accepting it.

Plus some bad amateurs collapsing, and opening space for the professionals.

Also BTC is not anymore a gray juridic area.

I feel like it absolutely still is.

This is one aspect I hope will be settled in 2015

OP had some good thoughts on 2014 for bitcoin. Tell us about what you think of 2015? What kind of price should we expect?

If it fails to break out within 4-5 weeks, the bear market will continue for months, maybe till next Sept-Oct. By that time it may be in double digits.

What do you base that statment on? So we should sell in about a months time if nothing big happens, then wait for the price to go to double digits and buy cheap coins?

You were right. Weak hands, aka "smart hands" were shaken off. Sheep bag holders remain.

DANGIT!  I hate being sheep.   :'(

http://www.alt-market.com/images/stories/sheeple1.jpg

Can't help it, I bought into the hype and can't seem to quit it.  BTC Addicted...

agree 2014 not the years of bitcoin,maybe 2015 will be the years of bitcoin.

We will see double digits this year, and no rally until at least the march 2016 reward halving. BTC is way overmined at the moment, and most of the core supporters (who also happened to be miners), jumped shipped last spring when ASICs came out, and Bitcoin mining became centralized. There's going to be the ongoing saga of the SR1 bust, and new saga of SR2 bust - plus the next ten iterations of whatever drug market people are using these days. TOR is already cracked, these are easy arrests for them to make.

To be honest, the only aspect of Bitcoin I see actually succeeding is the blockchain.

we will not see double digits this year and not in the following and maybe never again

And 2016's halving might not be good, like the Doge's halvings did not good for the doge coin

Wow, 2014 sure was the year of Bitcoin!

At the beginning of the year I never met people who knew what a bitcoin was. It was hard to find a place to spend them or even get them. Now it's easy to link your bank account, I can buy just about anything and even chose between several competitors. And when I say bitcoin many people have heard of them.

Sure was a big year!

Confirmed, 2014 is definitely the year of the FUD (oh, and the start of building the actual infrastructure around and on top of Bitcoin. This really has been the year of Bitcoin, if you for one second stop staring at the short term price chart).

2014 is like 2012. 2015 could be the new 2013.

>year of bitcoin
>price falls by 65%

What would a bad year feel like ???

I will take that bet and put up 2 bitcoins to your 1  that we don't see double digits before the end of 2014. Lets setup the escrow and get this going, smart guy! As a side-bet, lets have the loser get a permaban from bitcointalk.

<inbeforecrickets>

Did he challenge you to a bet?
You realize that only an idiot would take your 2:1 bet.  If Bitcoin goes to double digits, your two BTC will be worth < $200.  His one BTC is worth $376 now.
He would lose a minimum of $76 by winning your bet, $376 by losing it.

TL;DR:  You can't math, and sound like you need a hug.

What is funny is some people actually see a future for 2015! LOL!! The blockchain technology will be stolen & on goes the technological revolution.
You guys are trying to prove the iPhone6 will still be around in 5 years and it's not true no matter how you put it

Yes let's all give up on all new technology it will all be superseded!!!  ::)

Roughly speaking. It looked as if we were in a medium term bear market. The bounce off 275 and 320 indicated we may have a reversal. If it does not continue it it means there is no reversal and we are in a long term bear market.

See you pushed it to giving up... nobody said give up on it... point is don't invest in it ESPECIALLY extra long term like all you permabull fools say. It's sad!

I take the bet for 10:1 payout. Plus the right of saying that the loser made the worst prevision ever and should put his head in the toiled and flush for at least 1 hour.

Don't care if he challenged me, because now I challenge him.

Sad how you guys call everyone who has been warning you about the decline since $1,100 is considered a troll... You bulls really are idiots smfh

So you got angry because a d00d from the internet had an opinion didn't match yours?  Or is it because you're grossly overinvested in BTCeanie BTCabies Bitcoin, are rude, and can't math?*

*You also can't English, but that could be due to your being from some God-forsaken backwater foregny.

In a lot of threads there are some peoples that always have to post a meme or picture. Don't do it please, this thread is actually good.

yes. In here it's: be a brainwashed-cult-hodler-sheep blind faith believer to the moon and then some permabull tard or GTFO!
Disagree with 'bitcoin is on the up and up forever' and you even have a chance to get banned.
Don't try to be right where bitcoiners are wrong. They don't listen.

Any person with a modicum of intelligence could tell I was talking about 2015.

price up or down, bitcoin is still here and now stabilizing @ >$300 but you have to admit that due to willie and other conspiracies alot of people were taken advantage of in the past 16 months.

2014 is turning out to be the year of Maidsafe ;)

I don't get how perma bulls don't listen even when it's down 70% LMFAO WTF

People warned, idiot holders didn't listen. Wanted to get rich quick.

People who bought above $1000 per Bitcoin didn't lose anything if they didn't sell for a low price.

1 Bitcoin is still 1 Bitcoin. They should just hold it, and after a few years something nice might happen.

Sound reasoning.  And when the price falls to $0 per coin, 1BTC will still be 1BTC.  Hodl!

http://s28.postimg.org/uowxu7ygt/jimjones.jpg

it willnever reach 0, just because there will be always someone, who will buy at low price, including me.

You're right, as long as there's a d00d with a couple of netbooks mining, Bitcoin will live on.  Zero was a hypothetical--I doubt the price will fall below double digits any time soon.

if it will reach 0$ then i will buy all 21 Million bitcoins :)
come on man , it won't happen ever

that's my plan too, damn!  ::)

I shall create another coin.

Credit where credit's due. I thought that the Winklevoss ETF would've been approved by now and that Wall Street would've entered bitcoin by Q4 2014, but I underestimated how slow the SEC and financial institutions move.

Haha me too, I wouldn't be surprised if it finally got released q4 2015 or even q1 2016...

Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.

Maybe year 6 is another bad year, but after that's it seems rock bottom. Then up we go :D

Another year-long downtrend in 2015. That would be brutal. We'd touch double digits again. But we should all prepare for it. If bitcoin makes it to $10,000, it will just make for a better story for the grandkids.

In a way price is directly correlated with bitcoin's success. If you want any kind of mass adoption and stability... the price will need to be much higher than it is now. When the # of bitcoin users goes from 5 million to 100 million and more, the price will be much higher and there will be less people who will have a chance of owning 1 whole bitcoin.

So when people say "lol price doesn't matter, I can still buy my coffee with bitcoin regardless of price" I cringe.



Still.... the negative news this year greatly outweighed the positives. The negatives were much louder and much more prevalent than relief over a couple of merchant adoption news here and there is not enough.

Merchant adoption is good and all... but I see this as something that will/should keep happening, hopefully at an accelerated rate as more infrastructure develops and as bitcoin becomes more popular. But it's not something to dance in the rain over... Dell and Newegg were good news and a step in the right direction for sure, Wikipedia just accepts it for donations and they hide it (so who cares)... but Netflix, Walmat, Target, Starbucks, Amazon would be even bigger than any of these.

I'd love for it to hit double digits again, buy so many BTC :D

So what do you think will happen in terms of the price in 2015? Will we see a uptrend?

I'm more confident in 2015 than I was this year... I don't think we will continue to go on a downtrend and see the price go down to the 200s and below. We may move stagnant for most of the year though, not sure, but I do think there is potential for a sharp rise sometime in 2015. We may start seeing the fruits of all the developments and VC money going into the ecosystem via increased adoption/userbase. I am also hoping that the wallstreet ETF goes live this year which should be bullish for bitcoin. But keep in mind the ETF isn't guaranteed and I can't predict the damage that may come from all the random negatives, but hopefully nothing as damaging as MtCox will happen next year.

It's refreshing to see all the FUD and negative sentiment around bitcoin at the moment...it's times like this where I feel like good times are ahead. Last year at this time people were unrealistically bullish.

If 2015 is similar to 2014, I am still going to hold out until 2016 for block halving... I think we should at least see a higher price by then (more users, more vendors, wallstreet, less supply). If by the end of 2016 we are still sitting around $300-400 level or lower... then I will panic.

Maybe he means a literal storm of shit? Like, a tornado hits a waste treatment plant and because a shitnado^TM, and then veers off toward the city?

Can't be much worse I suppose :D

2014 is the year for adoption.

My theory for the big rise last year was the initial buzz of bitcoin alongside people "stocking up for christmas" at sites like silk road.  Now the hype has died down and the feds have busted silk road and all the replacement sites, no one is buying.  I was really expecting it to go up around now.  As i said in my very first post here, i will start buying coins once it gets back down to $10.  :(

I feel like 2013 was also the year of adoption... it was the year bitcoin was all over the media, the awareness exponentially spiked and so did the # of wallets and addresses.


Is there data that shows that there was a higher rate of adoption in 2014 than 2013?

Is the price decrease we're experiencing right now just people cashing out for Christmas or just with the grander scheme of things?

When you see multi-thousand BTC sells on an exchange, ask yourself:  Who's the lucky girl getting the nice Christmas present?

Didn't answer question but haha i got your point  :P

But But But..... What if there are multiple lucky girls?  ::) ::)

This many?

https://i.imgur.com/8aQwY5w.jpg

haha lol oh myyyy

BTW, whenever I try to post an image from imgur, it always says invalid proxy. How do you fix that to where it shows up?

^Hi, I don't know if it's the right way to do it, but I just

click on the pic when it finishes uploading=>a new page opens, with just the pic=>copy the text in the address bar.
Or
right-click on the pic=>choose "copy image URL" from the drop-down menu.

Whichever's easier.

Edit:  Also, try http://postimg.org/ , it's quick & foolproof.

Okay gotcha thanks :D

So 2015 will somewhat be better than this year for bitcoin. I am still amazed that the price don't rise this year that much. There is many merchants that accept bitcoin, and I think that the demand for bitcoins will grow with that, but it don't seem to be like that.

2014 was a consolidation year, most markets were going up but now Bitcoin is stronger than a year ago and more than ready for the next step.

I hope you're right ... in 2014 a year where Bitcoin, in a way, just walk to back. And 2015's there already, less than 20 days.

I really want you to be right, but as I do not have much knowledge in economics, just I have left twist, but always with a atraz foot,
for if anything good happens, I console myself with the thought, I knew this would happen!

If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!

Miners are selling a percentage of the 3600 coins they mined everyday in average and they find sellers!

340$ is not that low compared : 4Billions market cap but Bitcoin is stronger than before and the price is likely to raise soon.

Ummm....... Why?

Bitcoin is stronger than before because it has more uses, more users and it lasted one more year. As the fiat currencies lose value because the central banks 'print' money, Bitcoin will look like a good way to stash some wealth.

How come my USD didn't lose 2/3rds of its buying power over the past year like BTC did?

The only useful use is something that you can only do with bitcoin that you cannot do with anything else.  Buying gift cards and things like that is pointless unless you are a miner or get paid in Btc.  If you can do it with cash then there is no incentive to convert to Btc to do it.  Bitcoin really needs a USP that other currencies can't match.  Cheap money xfers is all i can see.

You are comparing Bitcoin between the ATH or close to it and now but if you bought in 2013 you are likely to be up or if you bought in 2014 you are likely to be down 30% max.

You need to compare an investment after a few years, the USD is likely to loose most its value when Bitcoin is likely to raise in value.

To answer your question, USD is a bigger market.


Very cheap and trustworthy transfers, store of value, decentralized store of value, non reversible transactions.

ORLY?  Here's a chart, horizontal red line is 30% above today's price.
http://s18.postimg.org/y9vkm1c3d/Capture.jpg
Your "30% max" is clearly bullshit :-\


Bitcoin's ENTIRE HISTORY is 5 (five) years.  Of which 3 years were spent in complete obscurity.  We ain't got a few years.


wat


Very cheap trustworthy transfers of Bitcoin, not money.
Bitcoin has proven itself a horrible store of value over the past year.  BTCeanie BTCabies did substantially better.

This guy is a fucking idiot

I hope you are right again.

If 2016 turns out to be a great year, which it looks like it's going to be, it will break one myth that even numbered years are BAD for btc.

2010 was bitcoin's best year.

The even-numbered year is coming back with a vengeance.