2014 is NOT the year of bitcoin, sorry

[RodeoX]

Tell us more of the future. 
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.

[1714679818]

1714679818

[1714679818]

1714679818

[1714679818]

1714679818

[1714679818]

1714679818

[1714679818]

1714679818

[DaFockBro]

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.

You're a towel.

[adicted]

Tell us more of the future. 
Will there be flying cars? And who will win the world series in 2014? That's an easy one compared with knowing so much about a global currency network.

I like that , the reason people are using bitcoin is this might be the currecy to use in next generation or in the future .

[cryptonikus]

We dont know what will happen tomorrow, this forcasting based on momentary feelings is useless.

http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212

if news like these will hit big news media, year 2014 very well can be the year of Bitcoin.

[BTCisthefuture]

Way too early in the year to make any sort of prediction like that. Especially when the first few weeks/month of the year started out with large retailers accepting bitcoin and other good news coming out.

We've had like 1 week of bad news. Lets calm down a bit and stop overreacting.

Anyways, technical issues and exchange issues are a good thing in the long run. It allows improvements to be made as time goes on so the same thing doesnt happen again in the future.

[DaFockBro]

OP is the guy who borrowed $1 million from his Dad to buy bitcoins when they were $1000+

Looks like he's down about 300 grand right now:

https://i.imgur.com/SBT33b6.jpg

Don't worry about it though, hold long enough and you will profit massively.

[reRaise]

2014 is the year of the alts

[clout]

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.

Bitcoins been over for a while, 2014 is the year of crypto coin 2.0 bitshares is the best emerging exchange network

[Nathonas]

Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.

[angrynerd88]

Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.

i am not sure of that. I have invested almost everything I have in btc and now I fear I am funked. I am thousands dollars under right now. I hope you are right. I cannot tolerate more loss. I have a child and I am 25.

[kireinaha]

Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.

We're not going up at all yet, check the 4 hour ema chart on bitcoinwisdom; it clearly shows a continued downward slide. we're only one or two bad news stories from sliding down past $500 into the next line of resistence at $380. the last bubble isn't too far behind us; what's happening now is people are losing their faith. no worries though, stick through this and we'll be rewarded eventually. but as OP has assessed, it may not be until next year that we see a ROI.

[freebit13]

Yeah, I agree that people are scared and it looks like a lot are panic selling with all the FUD being spread. I'm pretty sure the Gox price has a lot to do with it... looks like some are selling out really low which is dragging the price down, but it looks to be stabilizing. I'm not sure it will go sub $500 because there are a lot of options waiting to snap up large amounts before it gets there which should stop the price from going that low.

Once everyone starts to realize that Bitcoin is not illegal, things should turn around

Remember: you only make a loss once you sell.

[alani123]

Bitcoin was @ 1200$ December 2013. 

Nevar Forget

Maybe it's too early to judge.

[domob]

Although I agree that the expectations were way too high at the end of 2013 after the big rise, I don't think 2014 is as bad as you make it sound. It's really just the beginning of the year, and Bitcoin just successfully rode through a shitstorm of tons of negative news all happening at around the same time. And guess what, we're perfectly fine. The price has been slowly (albeit nervously) going back up. Once people get out of Gox we will see another rise. Give it time.

i am not sure of that. I have invested almost everything I have in btc and now I fear I am funked. I am thousands dollars under right now. I hope you are right. I cannot tolerate more loss. I have a child and I am 25.

Sounds like a troll attempt, but if not, you really should think more thoroughly next time before you invest money that you "cannot tolerate to lose" into whatever (not just Bitcoin).  You should only invest what you are prepared to lose in case something catastrophic happens (or you just need to wait a little longer than a few months for it to make profits).

[Lauda]

In 2014 we will see flying bitcoins.

[Gameroid]

It's been  a bad start to the year I admit but I see good things coming of Bitcoin.

[ChuckBuck]

Isn't there still 10 more months in 2014?

Rough start, but it's not how you start but how you finish.

Remember 2013 on January 1st was $13.  Thirteen Bucks!

Just seeing BTC bounce around this $600-$800 range for several months should be grounds for optimism.

And NO, I'm not counting MtGox prices.   

[DubFX]

Yeah 2014- year of investment
year 2016- buying hotel on bahamas 

[MakeBelieve]

Bitcoin hasn't fallen that much I don't know why everyone is panic.

[ChuckBuck]

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.

You do know Bitcoin was $28 this time last year, right?

If anything even with all these obstacles this year look damning, but this chart shows Bitcoin's resilience.