2014: The Worst Year for BTC?

[halfawake]

Given that this whole thread is about price, this really should be in the speculation forum...

But well, here's my story for this year.  I bought 20 BTC when the price was $650.  Looking at the current price...ouch.  But I'm playing the long game here, and am not sad about this?  Why?  I haven't sold.  So far it's only a paper loss.  I'm playing the long game here and I'm fairly confident that the price will go back up eventually.  I just don't know when that will be. 

Remember last year?  The price started going up towards the end of August and didn't stop until around December, when it crashed.  Well...it's only a little after that time now.  Give it time, we've still got four months left in the year.  The price may go back up. 

Also, here's another way of looking at things: sure, from a market value perspective, it's a bummer.  But think of it from another perspective: utility, and usage.  How many transactions are going on now versus a year ago?  I haven't crunched the numbers but since it takes my computer a lot longer now to catch up when I turn it on in the morning than it did then, I'm betting a lot more.  Which could ultimately be why the price is going now.  It's good news in disguise: people are buying stuff, merchants are cashing out, but unfortunately, them cashing out puts downward pressure on the price unless everyone buying stuff immediately turns around and buys another bitcoin to make up for their purchase.  No doubt some people are doing that, I would to be sure, but I doubt everyone is doing that.

[panju1]

There is still Sept., Octo., Nov. and Dec. left, so we still have four months left till 2015.
Time will tell and drawing a conclusion now is still too early

Too early to draw a conclusion, but we can only hope for a recovery. 

[scottsecret]

I moved a lot over into BTSX so no worries here, but I always ask... What is the sort of news we will hear that will make BTC explode again ?  I think it will be news unrelated to BTC perhaps.

[bigassboy]

with the video from PayPal I am hoping it gets better

[ShintoshiBTC]

with the video from PayPal I am hoping it gets better

Maybe Satoshi Nakamoto is planning something we dont know. I surely hope so.

[MasterCasino]

We have 3 more months to answer these speculation. My guess is bitcoin will be on a stable phase at $450-470 up to the end of the year.

[BrunesBTC45]

There is still Sept., Octo., Nov. and Dec. left, so we still have four months left till 2015.
Time will tell and drawing a conclusion now is still too early

Too early to draw a conclusion, but we can only hope for a recovery. 

Hope it will not drop by $30 again

[furiousjack]

I was kinda hopig it should start blowing up now that paypal will allow bitcoin acceptance on ebay with merchant and etc..

[DDuckworth]

The worst year for bitcoin was every year prior to it's existence.  Now it's all gravy man, just gravy.

[heypson]

The worst year for bitcoin was every year prior to it's existence.  Now it's all gravy man, just gravy.

Yes there isn't a worst year for bitcoins because every year since its birth the adoption is spreading more and more.

[Xiaoxiao]

Yep it sure will:

[Bobblehead Pete]

Not that bad. We are still at $470 right. A bad year is below $300. Still, we are still in September.

[GreatCoinBearer]

It is only September of 2014. Its not the end of the year still. Keep your hopes up.

[gamblethis]

Maybe.. The bitcoin dropped the biggest this year.

[racsas]

I'm quite sure the value will rise in nov-dec. At least above $550 for my prediction.

[Lethn]

I am biding my time and patiently waiting for the next financial crash, don't worry, Bitcoin will go up to $1000 again

[MightyStorm]

I would gladly take one bad year....(so you call it)... ..to rid the market of the ass hole that was mtgox...
BTC -e. You should be next to go...

[bryant.coleman]

Even the Mt Gox robbery, which affected more than 8% of all the coins in circulation could not bring down the exchange rate of Bitcoin to $300. That was the bottom line. For all practical purposes, I don't think that the exchange rate will dip any further. Since the prices have remained stable for 7-8 months now, short term holders are offloading their stake. Once that is over, the rate will recover.

[Clegg]

Even the Mt Gox robbery, which affected more than 8% of all the coins in circulation could not bring down the exchange rate of Bitcoin to $300. That was the bottom line. For all practical purposes, I don't think that the exchange rate will dip any further. Since the prices have remained stable for 7-8 months now, short term holders are offloading their stake. Once that is over, the rate will recover.

I agree. I can't see any reason why bitcoin would crash now unless something catastrophic is found or happens. I think the only way is up now for bitcoin and am excited for the future.

[Nawaytes]

my speculation, until the end of the year the price of bitcoin will be stable and not more than $ 480, 
called The Worst Year for BTC? i do not think so, bitcoin has pretty much increased,
beginning in 2014 bitcoin price just $ 370