2014 is NOT the year of bitcoin, sorry

[mlferro]

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.

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!

[fewcoins]

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!

[picolo]

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.

[fewcoins]

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?

[picolo]

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.

[NotLambchop]

...As the fiat currencies lose value because the central banks 'print' money...

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

[thirdprize]

Bitcoin is stronger than before because it has more uses ...

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.

[picolo]

...As the fiat currencies lose value because the central banks 'print' money...

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

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.

Bitcoin is stronger than before because it has more uses ...

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.

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

[NotLambchop]

...As the fiat currencies lose value because the central banks 'print' money...

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

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.

ORLY?  Here's a chart, horizontal red line is 30% above today's price.

Your "30% max" is clearly bullshit

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.

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

To answer your question, USD is a bigger market.

wat

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

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.

[Dafar]

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!

This guy is a fucking idiot

[Dafar]

BUMP


MY PREDICTION WAS SPOT ON... I MADE THIS POST ON FEB 2014 AND ACCURATELY PREDICTED THAT 2014 WAS NOT GOING TO BE A GOOD YEAR FOR BITCOIN

NOW HERE IS MY LATEST PREDICTION---- 2016 WILL INDEED BE THE YEAR OF BITCOIN! BITCOIN IS BACK BABY!!!!!

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.

[talks_cheep]

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.

[jehst]

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.