2014 is NOT the year of bitcoin, sorry

[roslinpl]

Every year is a year of Bitcoin!

From 2008 till it's death!


Crazy to think not the same

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[pungopete468]

The fact that we're still above $600 given the scope of this FUD storm is an indication that the current price is way undervalued.

Economists are talking about the underlying technology aspect for once; that's more than valuable, it's priceless.
The price drop didn't hurt any of the major businesses who accept Bitcoin; that's extremely re-assuring.
New innovations are in the works that can change several aspects of the world outside of the financial sector; how exciting is that?

The impact of this FUD on a previously bearish market leads me to believe that a rally is coming very soon. It's like we're primed and ready for it, and as soon as those Bears get into the "buying" mood it'll snow-ball into much more.

The problem with Bitcoin is that a majority of the exchange users are trying to be ultra day traders and they pretty much pre-determined a bottom to this market at around $380 across the major exchanges.

What they aren't really accounting for is the uncharted demand. Looking at the volume of a bid wall won't show you how many people don't have orders already set. CoinBase ran out of fiat in the exchanges from the US demand alone. None of those bids would be visible to people using conventional charts and TA. There's a shadow market behind the exchange that spills into the exchange when the price lowers.

I don't think there's much more opportunity to recover from a bad "sell" decision from here. It looks like we've found a huge level of support here and it's not going to show up in the charts...

I really think Bitcoin will change the world very quickly and I feel lucky to have the opportunity to invest so early in it's adoption.

We're getting close to another major market move; I expect it to be upwards. I don't understand why anybody would sell right now unless they really need to pay for something of use.

[gentlemand]

My feeling is that any price rise in 2014 won't be setting the world on fire. It'll be a year of relative consolidation.

Building foundations and infrastructure is far, far more important than another procession of bubbles and that's what this year is promising.

Once more of that is in place we'll be ready to have minds blown again.

[roslinpl]

The fact that we're still above $600 given the scope of this FUD storm is an indication that the current price is way undervalued.

Because it is! Or maybe some will say that is not. According to prices of hardware and all costs included + stress it should cost more..

I really think Bitcoin will change the world very quickly and I feel lucky to have the opportunity to invest so early in it's adoption.

We're getting close to another major market move; I expect it to be upwards. I don't understand why anybody would sell right now unless they really need to pay for something of use.

Bitcoin already has changed the world and will even more!
You are very lucky to be an early adopter and I wish I could be one of you to. But I was not

And sure that people should learn to just HODL

[Siegfried]

My feeling is that any price rise in 2014 won't be setting the world on fire. It'll be a year of relative consolidation.

Building foundations and infrastructure is far, far more important than another procession of bubbles and that's what this year is promising.

Once more of that is in place we'll be ready to have minds blown again.

I think there is enough room in one year for both to happen.

[gentlemand]

I'm ready to be pleasantly surprised/ flabbergasted.

I won't be heartbroken if epic price explosions don't happen this year. They're on their way eventually.

[pungopete468]

The fact that we're still above $600 given the scope of this FUD storm is an indication that the current price is way undervalued.

Because it is! Or maybe some will say that is not. According to prices of hardware and all costs included + stress it should cost more..

I really think Bitcoin will change the world very quickly and I feel lucky to have the opportunity to invest so early in it's adoption.

We're getting close to another major market move; I expect it to be upwards. I don't understand why anybody would sell right now unless they really need to pay for something of use.

Bitcoin already has changed the world and will even more!
You are very lucky to be an early adopter and I wish I could be one of you to. But I was not

And sure that people should learn to just HODL

I didn't learn about Bitcoin until November of 2013; the point I'm making is that we are all early adopters here right now...

Think about it, Bitcoin is in a stage of it's development where the scope of it's possibility isn't even fully understood. All of us here are in the 0.005% of all future adoption.

There's so much potential here and even those who bought at $1,200 got an amazing deal. You might look at the market today and think that your $1,200 per coin investment was a poor choice. That would be completely discounting what you just might actually have bought yourself... A rich future.

Bitcoin has a binary future. Either it will take over through the vast superiority that we've all had the foresight to see, or it will disappear from the world and be worthless. The future's not written on the wall but the world doesn't just eat out of the hands of regulators and law makers. If the technology is superior, people will use it. You can't un-invent a technology... It will exist and the world will use it for as long as it is useful.

[lemfuture]

yeah still early. some province dont even have internet yet

[ActM Thread]

Yes early days for Bitcoin.

[Dafar]

Bumping for a reality check


Noobs will think bitcoin is slowly dying... but like I said 2014 is NOT the year of bitcoin. Expect a shitty ride for most of the year, if not all the way through 2015. Expect the next explosion closer to 2015

[Lauda]

OP bought it too high?

[hardalisas]

the biginning is tough. donno when it will bounce up again

[ChuckBuck]

Bumping for a reality check


Noobs will think bitcoin is slowly dying... but like I said 2014 is NOT the year of bitcoin. Expect a shitty ride for most of the year, if not all the way through 2015. Expect the next explosion closer to 2015

Way to early to tell, it's still only February.

A bit of good news, more mainstream adoption, endorsements from public figureheads is all we need for another jump up.

[browep]

probably due for a crappy year.  It's cyclical with a general positive trend.  Which means sometimes its going to go down.  Also a lot of real world stuff might happen this year ( regulation, laws, pushback ).  Not everything can be positive.

[Lauda]

It should start recovering soon.

[Dafar]

OP bought it too high?

I bought most of my BTC between $660-$620, which I think is pretty cheap in the long run.

probably due for a crappy year.  It's cyclical with a general positive trend.  Which means sometimes its going to go down.  Also a lot of real world stuff might happen this year ( regulation, laws, pushback ).  Not everything can be positive.

Yes, I also think BTC's value has been growing too fast for its technology to keep up. We still have a lot of milestones to overcome in order to make bitcoin an attractive option for the masses: the volatility, security, and simplicity (something similar to what the browser did for the internet)


Btw- in light of some good news Neo&Bee is doing something pretty substancial in Cyprius: http://www.youtube.com/watch?v=7mY-0ZwR-aY

[Dosmas]

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 do not agree

[roslinpl]

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 do not agree

have you got any good reason? I would like to hear why is that you do not agreed.
Thanks!

regards!

[gentlemand]

Because there hasn't been another all time high yet.

[hjbuell]

If BTC stabilizes at any relatively consistent rate in comparison to fiat, then it will be the 'year of the Bitcoin' - even if that rate isn't the bazillion dollars it was predicted to rise to.

In reality, the old world money (banksters and such) will never allow a currency like BTC to rise to that level. They'll just make their own, which will be accepted by default. WorldCoin - backed by the world bank, and accepted everywhere.

Now that's some FUD!

Anyway, a stable Bitcoin is a great step forward. Volatility scares off newcomers.