2014: The Worst Year for BTC?

[grumpyoldtroll]

Guys guys... 2014 isnt over yet.. So chill.

[1714863543]

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[giveBTCpls]

Guys guys... 2014 isnt over yet.. So chill.

Exactly. Will be fun to look back at this thread during XMAS when we are far up from 400 territory. Saying BTC was at its worst in 2014 without seeing the entire year conclude is underrating BTC's potential.

[ChuckBuck]

Price wise, yes it hasn't been a great year for BTC.

But adoption wise, exposure, and underlying technology wise, BTC has made some strides.

I mean Overstock, Newegg, Virgin, Expedia, Dell, Wikipedia, and now the United Way etc all starting to accept it as payment method.

Circle, COIN ETF, Bitcoin ATMs, over 2 million Coinbase wallets, Second Market ETF BIT, millions invested in to Bitcoin related startups and companies.

Price wise, you can say it's been disappointing since we started 2014 in the $700-$800s and now are a now little more than half that.

Big picture wise, we're still setting up for the long haul.

[icet208]

It was a great year in terms of adopting BTC. As for the price..the year is not over..waiting for octomber:D

[NYCBitcoinCenter]

This is absolutely the best year for bitcoin. The market become more supportive due to the adoption, from companies like new egg etc. This integration will help make bitcoin more main stream and contribute to the adoption rate.
November/ December are the months.

[InwardContour]

All depends on the ETF, if it will be accepted in 2014 then we will see a new ATH.

[Tai Zen]

A year ago I never thought I would be able to:

-- buy the world's most powerful laptop from dell with btc...

-- book a flight with expedia...

-- see Bank of America take time out from pillaging the public to report on btc...
https://ciphrex.com/archive/bofa-bitcoin.pdf

-- see bank of england step away from the money printing presses to put out, not one, but 2 reports on btc today...
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx


As far as I'm concerned.... 2014 has been a GREAT year for btc and I'm sticking to my original $2,000-$9,800 price target for btc in 2014:
http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

[riiiiising]

bitcoin going up, don't worry! hold!

[CoinFan10076]

In terms of price action alone, yes
But I think 2014 has been a momentous year in terms of mainstreaming btc and most importantly highlighting the limitless possibilities of blockchain technology

Agree with this. A lot more goes into the idea of success than just price point. Having big merchants start accepting BTC along with well known people like Branson get on board certain moves things more into the mainstream.

[BIGbangTheory]

A year ago I never thought I would be able to:

-- buy the world's most powerful laptop from dell with btc...

-- book a flight with expedia...

-- see Bank of America take time out from pillaging the public to report on btc...
https://ciphrex.com/archive/bofa-bitcoin.pdf

-- see bank of england step away from the money printing presses to put out, not one, but 2 reports on btc today...
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx


As far as I'm concerned.... 2014 has been a GREAT year for btc and I'm sticking to my original $2,000-$9,800 price target for btc in 2014:
http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

I agree. In terms of the potential uses for bitoin, it has been a great year. The same is true regarding investment in bitcoin related infrastructure.

I am not so sure about your price predictions though. If the price is increasing too rapidly then people will not want to spend their bitcoin which would hurt it over the long term

[betterchoice]

not the worst year.maybe it's a good sight.

[The Beef]

A year ago I never thought I would be able to:

-- buy the world's most powerful laptop from dell with btc...

-- book a flight with expedia...

-- see Bank of America take time out from pillaging the public to report on btc...
https://ciphrex.com/archive/bofa-bitcoin.pdf

-- see bank of england step away from the money printing presses to put out, not one, but 2 reports on btc today...
http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx


As far as I'm concerned.... 2014 has been a GREAT year for btc and I'm sticking to my original $2,000-$9,800 price target for btc in 2014:
http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

I agree. In terms of the potential uses for bitoin, it has been a great year. The same is true regarding investment in bitcoin related infrastructure.

I am not so sure about your price predictions though. If the price is increasing too rapidly then people will not want to spend their bitcoin which would hurt it over the long term

And with Braintree, Paypal and Breadwallet.. Everything is amazing.

[Giggs]

I'm sure there'll be worse years or times than this. Imagine of the price goes up to thousands then crashes back down for whatever reasons.

[jack_night2]

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

Yes, looking for a course  here http://www.bitcoincours.com or http://mining-profit.com, you know that the price actually falls. But I think that next year the rate will stabilize and grow up to a rate of $ 1,500. Objective reasons for the collapse of Bitcoin is not.

[franky1]

its been mentioned before but lets highlight it again
in short
buy 10,000 coins in september 2009 and sell them in september 2010 = $599 profit (well under a cent each 2009 to 6c each 2010)
buy 10,000 coins in september 2010 and sell them in september 2011 = $53,700 profit (6c each 2010 to $5.43 each 2011)
buy 10,000 coins in september 2011 and sell them in september 2012 = $68,100 profit ($5.43 each 2011 to $12.24 each 2012)
buy 10,000 coins in september 2012 and sell them in september 2013 = $1,104,100 profit ($12.24 each 2012 to $12265 each 2013)
buy 10,000 coins in september 2013 and sell them in september 2014 = $2,623,500 profit ($122.65 each 2013 to $385 each 2014)

easily explained, buy 10k coins in 2013=$1,226,500. sell for $3,850,000 = $2,623,500

so based on a 10k coin purchase 2014 is the most profitable year based on FIAT not percent

[Dalmar]

its been mentioned before but lets highlight it again
in short
buy 10,000 coins in september 2009 and sell them in september 2010 = $599 profit (well under a cent each 2009 to 6c each 2010)
buy 10,000 coins in september 2010 and sell them in september 2011 = $53,700 profit (6c each 2010 to $5.43 each 2011)
buy 10,000 coins in september 2011 and sell them in september 2012 = $68,100 profit ($5.43 each 2011 to $12.24 each 2012)
buy 10,000 coins in september 2012 and sell them in september 2013 = $1,104,100 profit ($12.24 each 2012 to $12265 each 2013)
buy 10,000 coins in september 2013 and sell them in september 2014 = $2,623,500 profit ($122.65 each 2013 to $385 each 2014)

easily explained, buy 10k coins in 2013=$1,226,500. sell for $3,850,000 = $2,623,500

so based on a 10k coin purchase 2014 is the most profitable year based on FIAT not percent

This argument will stop working from November onwards, lmao.

Nov 30 2013 - $1163

Nov 30 2014 - $163  

[zorke]

its been mentioned before but lets highlight it again
in short
buy 10,000 coins in september 2009 and sell them in september 2010 = $599 profit (well under a cent each 2009 to 6c each 2010)
buy 10,000 coins in september 2010 and sell them in september 2011 = $53,700 profit (6c each 2010 to $5.43 each 2011)
buy 10,000 coins in september 2011 and sell them in september 2012 = $68,100 profit ($5.43 each 2011 to $12.24 each 2012)
buy 10,000 coins in september 2012 and sell them in september 2013 = $1,104,100 profit ($12.24 each 2012 to $12265 each 2013)
buy 10,000 coins in september 2013 and sell them in september 2014 = $2,623,500 profit ($122.65 each 2013 to $385 each 2014)

easily explained, buy 10k coins in 2013=$1,226,500. sell for $3,850,000 = $2,623,500

so based on a 10k coin purchase 2014 is the most profitable year based on FIAT not percent

This logic is flawed. You would need to use much more resources to purchase 10k bitcoin in 2013 then you would have had to purchase 10k coins in 2009. The only fair way to measure the return of an investment is to measure by percentage return, not the total return based on a fixed number of units.

Also your returns are misleading. You have someone selling the bitcoin for a different price then they buy at. In order for this to be an accurate comparison you would need to have the price be the same for a specific time frame

[PotatoPie]

its been mentioned before but lets highlight it again
in short
buy 10,000 coins in september 2009 and sell them in september 2010 = $599 profit (well under a cent each 2009 to 6c each 2010)
buy 10,000 coins in september 2010 and sell them in september 2011 = $53,700 profit (6c each 2010 to $5.43 each 2011)
buy 10,000 coins in september 2011 and sell them in september 2012 = $68,100 profit ($5.43 each 2011 to $12.24 each 2012)
buy 10,000 coins in september 2012 and sell them in september 2013 = $1,104,100 profit ($12.24 each 2012 to $12265 each 2013)
buy 10,000 coins in september 2013 and sell them in september 2014 = $2,623,500 profit ($122.65 each 2013 to $385 each 2014)

easily explained, buy 10k coins in 2013=$1,226,500. sell for $3,850,000 = $2,623,500

so based on a 10k coin purchase 2014 is the most profitable year based on FIAT not percent

This argument will stop working from November onwards, lmao.

Nov 30 2013 - $1163

Nov 30 2014 - $163  

Oh come on, bitcoin won't drop to $163 by December .

[shi512928605]

哈哈

[mkc]

Still have 3 months to go, it is too early to say.