2014 is NOT the year of bitcoin, sorry

[EvilPanda]

If bitcoin gets above $1000 and stays there I'll be happy and still call it the year of BTC. $1000 was the dream, breakthrough price of many people for years. Everything is ok as long as we go forward. Small steps my man

[kireinaha]

I was feeling positive overall until this week, and now I have to agree with Dafar. 2014 may be the year of Bitcoin... falling. That's not to say it's finished, it may recover again in 2015, but all these problems with the exchanges and government regulation popping up around the world is a rude awakening that we have several major issues that need to be worked out before the price can be pushed up much further.

[Sage]

Posts like these make me ever more confident that now's the time to be buying.

Greedy when others are fearful... the principle of maximum pessimism.

Keep the bad press coming folks, I got orders that gotta get filled...

[apsvinet]

OP: "derp 1 crash derp game over derp bitcoin dead"

[Cryptopher]

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.

Surely it's no different in the respect that now most peoples' expectations after the start of 2014 has been low - could be completely different. We just don't know. Sure it has been a tough few months, perhaps a hit of realism to this fantasy but considering all it has been through Bitcoin is holding up pretty well.

Hopefully these issues will be addressed (no pun intended) soon enough and Bitcoin can get back to firefighting the daily FUD from governments and news agencies.

[kireinaha]

Posts like these make me ever more confident that now's the time to be buying.

Greedy when others are fearful... the principle of maximum pessimism.

Keep the bad press coming folks, I got orders that gotta get filled...

"Greedy when others are fearful" is fine, but greedy when significant bug is uncovered and exchanges are locking customer withdrawals one by one is just irrational. I think a lot of people will be starry eyed when we hit the $600 and $500 marks (cheap coins!) but as the reality of the situation sinks in over the next few days and prices drop even further, we're going to see a major rush to the exits that will get ugly.

[kazekiki]

don't you remember bitcoin rise up from below 100$ to 245$ in Feb - April 2013, then dump to 75$ from April to July 2013 and pump to 1200$ after that, noone know what could happen

[Misesian]

Get ready for messy shorts guys

[blacksails]

go to hell loser.  as long as we can buy weed and cocaine with bitcoins everything will be a-OK!!

You know that it's not a good thing that people associate Bitcoins with drugs, right?

---

No, nobody knows what will happen this year. I personally think that we are in for a hell of a bumpy ride with all the new regulatory attention to bitcoin, but if we play our cards right we'll be heading for the moon. I'll buy til' the end.
OP, you do as you wish, and I hope that this year proves you wrong.

[Sheldor333]

It hasn't started that way, but still there is more then enough time for it to end that way. I mean you never know how it will proceed from here. It could get a lot better, or lot worse.

[hilariousandco]

go to hell loser.  as long as we can buy weed and cocaine with bitcoins everything will be a-OK!!

You know that it's not a good thing that people associate Bitcoins with drugs, right?

---

No, nobody knows what will happen this year. I personally think that we are in for a hell of a bumpy ride with all the new regulatory attention to bitcoin, but if we play our cards right we'll be heading for the moon. I'll buy til' the end.
OP, you do as you wish, and I hope that this year proves you wrong.

That will change. The drugs link seems to have started to be referred in the past tense when it's mentioned now. It's bound to be a bumpy ride and I'm sure there will be much worse things to come, but also much more positive things too, like more merchant adoption and the positives of Bitcoin being shown in the media.

[Lauda]

Every year has been the year of bitcoin since its creation.

[hilariousandco]

Every year has been the year of bitcoin since its creation.

Haha, I actually think 2014 will be the year of the Bitcoin though. This year has only just got started; I'm sure there'll be much excitement and positivity for Bitcoin to come. People just need patience.

[Dafar]

OP: "derp 1 crash derp game over derp bitcoin dead"

Haha, that is not what I said at all. I still think bitcoin is here to stay and eventually it will head "to the moon"... but a common sentiment around here was that 2014 would be the year of bitcoin, which I'm assuming means the price will continue to rise from last year's momentum. I just don't see that happening yet. I think we're gonna continue in the $700-900 range for months, maybe even for the rest of this year.

No, nobody knows what will happen this year. I personally think that we are in for a hell of a bumpy ride with all the new regulatory attention to bitcoin, but if we play our cards right we'll be heading for the moon. I'll buy til' the end.
OP, you do as you wish, and I hope that this year proves you wrong.

All I am doing is holding, trading alts to increase my overall BTC count, and buying small amounts when it falls below $650. Like I said in the OP it was $635 when I was writing this and it's been up since then. Seems like there's still a strong resistance at the 650 mark which is pretty impressive considering all the shit going on.

It hasn't started that way, but still there is more then enough time for it to end that way. I mean you never know how it will proceed from here. It could get a lot better, or lot worse.

That's true

[Sage]

Posts like these make me ever more confident that now's the time to be buying.

Greedy when others are fearful... the principle of maximum pessimism.

Keep the bad press coming folks, I got orders that gotta get filled...

"Greedy when others are fearful" is fine, but greedy when significant bug is uncovered and exchanges are locking customer withdrawals one by one is just irrational. I think a lot of people will be starry eyed when we hit the $600 and $500 marks (cheap coins!) but as the reality of the situation sinks in over the next few days and prices drop even further, we're going to see a major rush to the exits that will get ugly.

A major bug.  That's what I hope all the lemmings believe.  Cause that means cheap coins that rebound fast once those lemmings figure out it was never a "major bug", and the fundamental technology behind bitcoin is solid.

[arallmuus]

Its Bitcoin year , remember when theres big drop there will be big raise 

[franky1]

it is february. Just be patient man.

+1

i think the OP invested in december 2013 and hoped to triple his money in under 3 months. i hope the guy aint a doctor, coz he is no good with patience(patients)

[hostmaster]

it is february. Just be patient man. I'll be back in this thread in July to discuss again. 

When legalisation news starting popup no one can stop Bitcoin raising over 10k dollars.

[bg002h]

Jesus...

Do you realize we are 11.5% through the year?

That's about 42 days.

Last year's meteoric rise from 200 to 1200 took place in less time than that.


The fact is nobody has a fucking clue what is going to happen despite you thinking you know otherwise.

You are not an Amazon.com executive who is "in the know" about the next big move, you are not the FBI agent with his finger on the sell button for those Silk Road coins, you are not a professor of economics, are you are not Marty fucking McFly.

In July the price could be nearing $2,000 and every post will be talking about how close we are to "da moon". Nobody knows.

I don't like the speculation forum - I only use it a few minutes each day to fantasize about $100,000 Bitcoins, then I snap back into reality. Welcome to it.



Edit: Nevermind, I'm like 90% sure I just got trolled.

Yup. You were trolled. But what a darn good reply!

[folhowk]

Keep the FUD coming, I have more BTC I need to buy and I'm loving the discount rates thanks to suckers like OP.