2014: The Worst Year for BTC?

[oceans]

In terms of price for bitcoin it's not looking too good at all and could be one of the worst years regarding that. As for how far bitcoin has reached and how many are now accepting bitcoin as a form of payment I feel that has done really well for 2014 as there seems to be more and more companies jumping in and wanting to accept bitcoin in some form whether it be for payments or just as donations.

[1715341017]

1715341017

[NavalStrike]

Even though we still have a few months to go until the end of 2014, chances are that this year might turn out to be the worst for BTC. By this I mean the first year so far that BTC will end up in negative territory, 2011, 2012, 2013 all ended with huge upward movements, yet this year we have fallen from January high of $900-$1000 to what we have know $475.

What does this signal in your opinion? This year has seen many breakthroughs and positive news, yet we are down more than 50% this year - unprecedented event in the history of BTC, since all the previous years ended with high gains. Does this mean that 2015 will be a huge year or is it just a small detour along the way?

What do you cryptoheads think about this phenomenon ?

Cheers,
Jay

I'm not sure that 2014 is a worst year. You know wny? Something bad can happen in a few years later =D
But anyway, we should be strong and someday we will see the result of our powerfull will

[LiberyOrDeath]

2014: The Worst Year for BTC Price?

Fixed that for you.

Thanks...That was my point.

[asdlolciterquit]

   This has been a great year for BTC. imo.
   If the price had stayed at around $1000 then I wouldn't have bought any.
   

so, btc has a great year (only?) because you have bought few coins? 

[Ludi]

I don't see how it's been worse since we've seen a lot of adoption, but maybe if all you wanted was the price to keep going up then maybe. There's still four months left yet.

[Kprawn]

Well, the good thing is, transaction volume has gone UP. {So people are using the currency more}

If they convert to fiat, all the time, it will have the exact affect, I described in my previous post. {Over supply of BTC on the exchange}

Only way to rectify that, would be for people to buy more coins, while the price is still low and to get more people to buy BTC 

[Beliathon]

I am not worried at all.... Only reason for this, was big merchants coming in {Lots of new things to buy}, and hoarder spending coins. Then you have a "floading" or over supply of coins on exchange, pushing the price down.

As soon as the demand for BTC increase, when the hoarders stop spending and the "over supply" are reduced, the market will correct it self, and the price will skyrocket again.

Yep. This guy gets it.

Two images to help illustrate the point:

[Mybitcoinz]

It's only a matter of time, in some months bitcoin will rise again but no one can predict if it will be in this year on in the 2015.

[BitcoinBadger]

Even though we still have a few months to go until the end of 2014, chances are that this year might turn out to be the worst for BTC. By this I mean the first year so far that BTC will end up in negative territory, 2011, 2012, 2013 all ended with huge upward movements, yet this year we have fallen from January high of $900-$1000 to what we have know $475.

What does this signal in your opinion? This year has seen many breakthroughs and positive news, yet we are down more than 50% this year - unprecedented event in the history of BTC, since all the previous years ended with high gains. Does this mean that 2015 will be a huge year or is it just a small detour along the way?

What do you cryptoheads think about this phenomenon ?

Cheers,
Jay

The eventual rise in bitcoin that has raised its value to $1k+ was a serious pump.These days bitcoin is making its usual peak and that what it should be always.More volatility leads to failure

[Rockefeller]

It's only a matter of time, in some months bitcoin will rise again but no one can predict if it will be in this year on in the 2015.

Agreed here. Bitcoin is such an unpredictable thing.

[2double0]

2014: The Worst Year for BTC Price?

Fixed that for you.

True that, adoption has sparked right up

[Beliathon]

True that, adoption has sparked right up

Yep. Adoption happens irrespective of current price. If a technology is useful, it will come into use. Bitcoin is useful, plain and simple.

Price follows adoption, not the other way around. Consider, dear reader, the implications of what I just told you...

[LiteCoinGuy]

no, the best year 

[johnyj]

Previous two major rally were caused by the technology shift: From CPU to GPU and GPU to ASIC, both of them increased the hash power by at least 100 times thus made many users without new miner no option but to purchase directly from the market

Now the technology has all shifted to ASIC, there is no further technology can increase the efficiency by that amount, it will only improve gradually over time, thus the exchange rate will not get that kind of push, but a slow and steady rise

For mass adoption, the security of bitcoin must improve dramatically, which is still very difficult for average Joe

[MoonTime]

Agree with you, I hope 2015 will be a good year for BTC holders.  I suffered heavy loss this year.

[gjgjg]

https://bitcointalk.org/index.php?topic=747502.msg8445665#msg8445665

2014 is a great year for BTC price and fundamentals; as long as we dont dip below the last low of ~$50 then we are still pointing up. I know $51 price now would seem like the sky is falling but really, technically that is possible (I think its pretty unlikely though).
Ofc the nature of the market has changed a lot this year, so the price could stabilize below the last high. But since adoption levels are still in their infancy (IMHO the main upward pressure creator) I think weve more head room above and so I think there is still time for a new higher high price. IMO!

[atta2k15]

Do you think 2015 will be any better? #fail

[gogxmagog]

Boring year, that is for sure.

I got in early enough to be quite satisfied with the value of my holdings.

If you read the news section you can see that the adoption process is happening quietly behind the scenes. It will be a while longer, but we are well on the way to seeing btc as a ubiquitous method of $transfer if not THE favoured method. Wait a few more years.

[bryant.coleman]

I don't know why people are so impatient. Bitcoin already gave more than 10,000% gains in 2013. Why don't you wait until the end of 2014 before complaining about the returns? The Apple stock took almost 15 years to reach $700 from $20. Yet, the investors were overjoyed with the returns. Bitcoin investors need not wait for 15 years. But what about 3 years?

[beetcoin]

in terms of adoption, it's by far the best year for bitcoin.. i mean, we have a list of 10 really big companies that adopted bitcoin. in terms of price, no. so it just depends on your perspective.