Bitcoin in 2015: Why did bitcoin fail?

[caliboy37]

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.

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.

I think it's impossible to reach that again.

[Mr.Postman]

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

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

[n691309]

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.

[wikenpp]

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)

[owm123]

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

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?

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.

[jubalix]

newb op. Bait

yeah no bitcoin has not failed

[crazyearner]

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.

[Spoetnik]

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

So you can stop saying it failed.

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.

[lolgato]

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

[zivone]

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.

[n691309]

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

[ashly]

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

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

[Bitcoinpro]

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

[Loimu]

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

[zivone]

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

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.

[Ilikechineseefood]

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

[maartenhaha]

another fudmonster crawlled out of the failpool lol

ughhh....

[TravisNeko]

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

[Amph]

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

[Astargath]

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

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$, yea it is increasing now but not increasing overall since the price was already way higher than 300$