Virtual currency transactions expected to plummet in 2015

[imdk]

Hampshire, UK – 4th February 2015: A new report from Juniper Research has found that the value of all cryptocurrency transactions will fall sharply this year to just over $30 billion, compared with over $71 billion in 2014.

The report, 'The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019' claimed that the decline was attributable to the combined impact of exchange collapses, Bitcoin theft and regulatory concerns around cryptocurrency’s role in funding dark web purchases.

According to the report, the surge in altcoin transactions in 2014 was overwhelmingly attributable to brief spikes in activity during the first quarter in Dogecoin, Litecoin and Auroracoin. By the end of the year, daily dollar values of these transactions were at less than 5% of their earlier peak.

However, the report argued that the introduction of licensed, regulated exchanges could lead to a stabilisation in currency values and with it an increase in retail transaction adoption. It pointed out that in an unregulated marketplace, consumer confidence had been eroded by the demise of the Mt Gox exchange in February 2014 and the recent theft of nearly 19,000 Bitcoins from BitStamp hot wallets.

Nevertheless, despite the fact that PayPal has now begun to allow US consumers to purchase digital goods via Bitcoin, the report argues that the scale of the challenges facing Bitcoin is so great that it will struggle to gain traction beyond a tech-savvy and/or libertarian demographic.

Instead, it identifies a longer term role for cryptocurrency protocols in the wider payment space. According to report author Dr Windsor Holden: "It is likely that we will see the technologies behind cryptocurrency deployed in areas such as real-time transactional settlement. Ripple Labs is already focusing overwhelming on that approach and in the medium term we may see a role evolution to this end amongst other cryptocurrency players."

http://www.juniperresearch.com/viewpressrelease.php?id=857&pr=501
http://venturebeat.com/2015/02/04/popping-the-bitcoin-balloon-virtual-currency-transactions-expected-to-plummet-in-2015/
http://www.juniperresearch.com/research/cryptocurrency

[jaredboice]

Beware the great and scary Newbie Trolls who apparently have the time to create an account and post on a topic that they believe isn't worth anyone's time lol. 

Behold, the Death of Bitcoin!!  Read the latest of 40+ Eulogies at: http://bitcoinobituaries.com/

 

[thezerg]

Ripple Labs is already focusing overwhelming on that approach and in the medium term we may see a role evolution to this end amongst other cryptocurrency players."

Ripple Labs must have amazing slideware.  All the "consultants" and "market analysis firms" fall for them lock stock and barrel.

[NotHatinJustTrollin]

Beware the great and scary Newbie Trolls who apparently have the time to create an account and post on a topic that they believe isn't worth anyone's time lol.  

Behold, the Death of Bitcoin!!  Read the latest of 40+ Eulogies at: http://bitcoinobituaries.com/

 

Because of that page, bitcoin's price could go to $1 and we still couldn't say it's dead, amirite?

[Elwar]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions doing nothing but going up.

All of the FUD does not change what can be seen on the blockchain.

[fonzie]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions doing nothing but going up.

All of the FUD does not change what can be seen on the blockchain.

Fake transactions?

[NotHatinJustTrollin]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions doing nothing but going up.

All of the FUD does not change what can be seen on the blockchain.

Fake transactions?

Peter Todd, a Bitcoin Core Developer said that such a thing is very possible, but I suspect he is just FUDding to buy them cheap coinz.

https://twitter.com/petertoddbtc/status/553512639871983618

[Wary]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions doing nothing but going up.

All of the FUD does not change what can be seen on the blockchain.

He said transaction value. It's stable for the last 8 months. https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=1year&show_header=true&daysAverageString=7&scale=0&address=

[Driv3n]

Hard to believe we would see this much of a drop with coinbase, gemini, and the other regulated exchanges which are inevitable in the future.

[ssmc2]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions doing nothing but going up.

All of the FUD does not change what can be seen on the blockchain.

He said transaction value. It's stable for the last 8 months. https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=1year&show_header=true&daysAverageString=7&scale=0&address=

Still just a blip at the beginning of the S-curve 

[Ibian]

Didn't even read, just saw 1 activity and clicked ignore. Suggest everyone do the same.

[Dilla]

Yea.... Ok. Lol