What was the reason behind Bitcoin bear market of 2014-2015?

[Febo]

People usually speculate about the future price, but maybe to predict the future we must first understand the past to see if there are any patters and mechanism that might drive the price. To me the most mysterious period of Bitcoin market is the bear market of 2014-2015, when Bitcoin was sitting at $230 for almost 2 years. So, what caused such a low price? Was is solely an effect of Mt.Gox or something else? I'm especially interested to hear responses from people who were into Bitcoin during those times and were involved in trading discussions. Thanks!

LOL
what do you think?
Sharp growth in 2013. In 2013 were 2 Bitcoin bubbles. With short bear period between them. That is why most of 2014 price was slowly declining. And even in 2015 show little signs of recovery. It showed only depressing stability close to the bottom.  Those two years were solid foundation of the 2016 and 2017 strong bull trend.

When we will enter in bear trend, we must not forget that the strength of the next bull trend solely depends how long this bear trend will happen.  And if we will have short bear trend same as was in 2013, that mean next one will be way longer.

From you post it seems that this year of 2017 may probably the same year as 2013.  So are we looking for another bubble after this decline?  Seems history will repeat itself again.  But instead of exchanges being hacked, the trigger is the Chinese government shutting down all Chinese exchanges.  Anyway, I have read different stories about the reason why Bitcoin price goes down after that 2013 Bubble, isn't the closing of the illegal trades "silkroad" affect Bitcoin price too? I read it is one of the reason why Bitcoin price goes up like crazy during those time though the effect were not felt until the early year of 2014.

I doubt any market could be a reason. I dont even know when silk road was closed. But in July or August this year we had 2 major dark net markets being closed Alphabay and Hansa. Darkmarkets had not had such hit for years.

[aso118]

People usually speculate about the future price, but maybe to predict the future we must first understand the past to see if there are any patters and mechanism that might drive the price. To me the most mysterious period of Bitcoin market is the bear market of 2014-2015, when Bitcoin was sitting at $230 for almost 2 years. So, what caused such a low price? Was is solely an effect of Mt.Gox or something else? I'm especially interested to hear responses from people who were into Bitcoin during those times and were involved in trading discussions. Thanks!

The bull run up to $1300 was a result of market manipulation. Then mt. Gox happened and a lot of people lost money. People got disillusioned and left Bitcoin. They didn't think it was going to bounce back.