2014 is NOT the year of bitcoin, sorry

[mtwelve]

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

[jehst]

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

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.

[Dafar]

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.

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.

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.

[mtwelve]

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

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.

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

[goldsun]

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.

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

[Dafar]

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.

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.

[Beliathon]

we're gonna be riding a shit storm all the way through the end of 2014.

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

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?

[NotLambchop]

...
I'm more confident in 2015 than I was this year...

Can't be much worse I suppose

[BitmoreCoin]

2014 is the year for adoption.

[thirdprize]

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. 

[Dafar]

2014 is the year for adoption.

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?

[mtwelve]

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

[NotLambchop]

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?

[mtwelve]

Didn't answer question but haha i got your point 

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

[NotLambchop]

Didn't answer question but haha i got your point  

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

This many?

[mtwelve]

Didn't answer question but haha i got your point  

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

This many?

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?

[NotLambchop]

^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.

[mtwelve]

Okay gotcha thanks

[goldsun]

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.

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.

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.

[picolo]

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.

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.

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.