2014: The Worst Year for BTC?

[theskillzdatklls]

Call me an optimist but even with the forever downward trend i think btc will end up significantly higher than where it is right now. And even if it doesn't, I also don't really care.

[promojo]

Best news of year - PayPal announces Bitcoin partnership - http://www.coindesk.com/paypal-announces-first-partnerships-bitcoin-space/

[ariyaromadhona]

Probably yes , looks like majority investor are changing to invest at altcoin
, looks like stellar .. even bitcoin price goes down , their price still up and up more
cannot wait for btc price in under $400 , so the majority bought many BTC and it will raise again :v

[Beliathon]

Call me an optimist but even with the forever downward trend i think btc will end up significantly higher than where it is right now.

Following that statement, I would call you a realist.

[ChuckBuck]

Year's not over folks!  (Tips cap to Paypal)

Year's not over.  Still got 3 months to make something miraculous happen!

Come on Amazon.  Come on Google.  Need another major player to light the moon rocket.

[ruins]

have some faith in BTC, still have almost 3 months to go, no worries. more and more people is getting to know and adopt it.

[halfawake]

Year's not over folks!  (Tips cap to Paypal)

Year's not over.  Still got 3 months to make something miraculous happen!

Come on Amazon.  Come on Google.  Need another major player to light the moon rocket.

We just got another major player. 

I don't think bitcoin has the necessary infrastructure to handle Amazon yet.  The amount of volume that Amazon does - even if bitcoin captured 0.1% of their orders, which is unlikely, it'd be a massive amount of orders.  For a player the size of Amazon to adopt bitcoin, they'd need one of two things: either a proper hedging platform so that they could hedge away the massive price fluctuations of bitcoin, or a widespread enough bitcoin adoptions that they could hold bitcoin directly and pay their suppliers with bitcoin instead of dollars.  I'd prefer option two, personally, but we're many years away from THAT widespread an adoption of bitcoin.

[OrientA]

Year's not over folks!  (Tips cap to Paypal)

Year's not over.  Still got 3 months to make something miraculous happen!

Come on Amazon.  Come on Google.  Need another major player to light the moon rocket.

We just got another major player. 

I don't think bitcoin has the necessary infrastructure to handle Amazon yet.  The amount of volume that Amazon does - even if bitcoin captured 0.1% of their orders, which is unlikely, it'd be a massive amount of orders.  For a player the size of Amazon to adopt bitcoin, they'd need one of two things: either a proper hedging platform so that they could hedge away the massive price fluctuations of bitcoin, or a widespread enough bitcoin adoptions that they could hold bitcoin directly and pay their suppliers with bitcoin instead of dollars.  I'd prefer option two, personally, but we're many years away from THAT widespread an adoption of bitcoin.

It takes time to build the infrastructure. Paypal has teamed up with 3 major BTC payment processors. That will help the infrastructure and adoption. Slowly we are getting there.

[naztykoyn]

Year's not over folks!  (Tips cap to Paypal)

Year's not over.  Still got 3 months to make something miraculous happen!

Come on Amazon.  Come on Google.  Need another major player to light the moon rocket.

We just got another major player. 

I don't think bitcoin has the necessary infrastructure to handle Amazon yet.  The amount of volume that Amazon does - even if bitcoin captured 0.1% of their orders, which is unlikely, it'd be a massive amount of orders.  For a player the size of Amazon to adopt bitcoin, they'd need one of two things: either a proper hedging platform so that they could hedge away the massive price fluctuations of bitcoin, or a widespread enough bitcoin adoptions that they could hold bitcoin directly and pay their suppliers with bitcoin instead of dollars.  I'd prefer option two, personally, but we're many years away from THAT widespread an adoption of bitcoin.

It takes time to build the infrastructure. Paypal has teamed up with 3 major BTC payment processors. That will help the infrastructure and adoption. Slowly we are getting there.

Right now, there is not yet any feedback about this.. Let us just wait..

[naztykoyn]

Considering what happened this 2014. The apple breadwallet, breadtree and paypal, 2014 is a great year for btc. Not even great, I think the best yet.

[Fourone]

i think this year is psychedelic!

[sumeet]

more and more company announced partnership with bitcoin. IMO, it will be a happy ending of BTC.

[OrientA]

Considering what happened this 2014. The apple breadwallet, breadtree and paypal, 2014 is a great year for btc. Not even great, I think the best yet.

Better things will come next year.

[bornil267645]

In my opinion... It's the year of making it's stand on world stage against all Odd...

[Q7]

Gloomy. I would say. Anyway let's look on the long term basis. I'm just waiting for the day when i can pay btc using paypal

[bitcoinmajestik]

i think everything will be fine with the price , everyone worrys too much

[SeaofBTC]

Bitcoin price is not indicative of the success or failure of Bitcoin the currency or protocol.

2014 is easily the best year for Bitcoin. For bitcoin, not really. The amount of people worried about the price not constantly going up is just proof that people purely care about their USD profits rather than the success of bitcoin. Quit caring about USD profit in the short term.

[cryptomad]

I hope this year and beyond is good for btc,Id hate it see it Fall so Much

[Willisius]

Bitcoin price is not indicative of the success or failure of Bitcoin the currency or protocol.

2014 is easily the best year for Bitcoin. For bitcoin, not really. The amount of people worried about the price not constantly going up is just proof that people purely care about their USD profits rather than the success of bitcoin. Quit caring about USD profit in the short term.

^ This, feverishly agreed.

[BitBlitz]

Well, 2011 went from ~$31 to ~$2 in a few months..  How is '14 "worse" (using your definition as price being the only factor)?

2014 will be the worst year for miners and investors that jumped in because they saw everyone around them 'getting rich quick'.

BitBlitz's investing rule #437:  Once everyone is telling you you're an idiot for not investing-- it is time to ask how everyone makes profits on the same investment...