Bitcoin's worst year

[N12]

God almighty, this place is exactly like it was in 2010.

2011

[God Donut]

actually 2014 year is the best year for crypto. Sure the end of 2013 was gorgeous but it was just 1.5 months long. Before November 2013 world barely knew about bitcoin

[Lauda]

So exactly what caused this 2-day price dive?
It was holding up a bit better before. It's sad to see that it's back to $400, but there is not much that I could do.
If I had a B $ I would probably buy up now.

[ThatDGuy]

The year isn't over yet... for bulls or bears.

It's only recently started to get really interesting again!

[proudhon]

God almighty, this place is exactly like it was in 2010.

2011

2012

[SgtSpike]

So exactly what caused this 2-day price dive?
It was holding up a bit better before. It's sad to see that it's back to $400, but there is not much that I could do.
If I had a B $ I would probably buy up now.

What caused it?  It's just constant downward pressure from people spending Bitcoins (and companies selling it right after), as well as miners attempting to recover money to pay off their multi-million dollar investments in mining equipment and facilities.

For some reason, people here try to delude themselves and say that people spending Bitcoins doesn't cause downward pressure on the price "because there is always a buyer", but those people simply don't understand how markets work.

[bitebits]

So exactly what caused this 2-day price dive?
It was holding up a bit better before. It's sad to see that it's back to $400, but there is not much that I could do.
If I had a B $ I would probably buy up now.

What caused it?  It's just constant downward pressure from people spending Bitcoins (and companies selling it right after), as well as miners attempting to recover money to pay off their multi-million dollar investments in mining equipment and facilities.

For some reason, people here try to delude themselves and say that people spending Bitcoins doesn't cause downward pressure on the price "because there is always a buyer", but those people simply don't understand how markets work.

Do you somehow have information that can support your statement? Because you would expect that if it is caused by people spending btc (assuming they were long term holders, and don't replace the btc), the price would decline gradually. Not with the instant 2k btc dumps we are seeing right now. The price is really hammered down, and than tends to slowly crawl up again.

[cmacwiz]

Why is Sevvero so  butt hurt? I am sure he made his nut the wholesome way, no darn cyber-computer scams or world wide web internet fraud. I came here in early 2014 when shit hit the fan. Spent 2 weeks obsessively studying the whitepaper and a bit of code to finally understand the protocol, and realized how incredible the idea was. Furthermore, the implications for society were terrific. Anywho, sure it may be a bad year and problems are on the horizon (PoW, transaction speed), but it will go up again. No other alt can beat the infrastructure and trust BTC has built before another rise. I don't know why it will rise, but this market is a fucking playground for big money, that much seems clear.  Really, this kinda volatile despair seems to be the trial one must go through to be part of something so revolutionary. Call me disillusioned, but I didn't come just to make money

[Kupsi]

Last 12 months Bitcoin is up 220%. Not bad for being the worst year.

[mattjack]

like after every night day come
so good time will come after this bad time

[RodeoX]

Still, at the beginning of the year I never met people who had heard of bitcoin. Now most people I mention it to have at least heard of it. I think the collapse of speculation is a great development if it's happening. Let's hope it goes all the way down to a utility support level. Something that matches the value of people who actually use bitcoin rather than buy and hold. Hoarding does not really strengthen the market especially when all one is doing is swapping fiat and BTC back and forth.  

[piramida]

For some reason, people here try to delude themselves and say that people spending Bitcoins doesn't cause downward pressure on the price "because there is always a buyer", but those people simply don't understand how markets work.

Why? When I do buy something when bitcoin is at it's lows, I always buyback, I suppose many people do the same. Does not make economic sense otherwise.

[ChuckBuck]

I think this should be in parentheses.

Bitcoin's worst year (compared to December of 2013).

That's what all the bears are comparing it to, that one month spike.

[zimmah]

God almighty, this place is exactly like it was in 2010.

2011

2012

*Spoiler alert*























































2045

[btcxyzzz]

Bitcoin could explode any moment now. It's cheap, and it's enough that some rich individial pumps like 50 mil $ in it, and start a rally... Remember that pump from 420 to almost 700 few months ago? There are that rich persons, and that's pocket change for them. Also, watch out for next financial crysis, it will most likely happen soon and the many would realise it's lot better to buy Bitcoin instead of precious metals.

I believe in Bitcoin concept, and it's far from what it should be, compared to size of the world economy.

[MoreFun]

Bitcoin could explode any moment now. It's cheap, and it's enough that some rich individial pumps like 50 mil $ in it, and start a rally... Remember that pump from 420 to almost 700 few months ago? There are that rich persons, and that's pocket change for them. Also, watch out for next financial crysis, it will most likely happen soon and the many would realise it's lot better to buy Bitcoin instead of precious metals.

I believe in Bitcoin concept, and it's far from what it should be, compared to size of the world economy.

Everything is about momentum, we can reach $700 again only with current users (traders) under certain conditions.

[Eastwind]

God almighty, this place is exactly like it was in 2010.

2011

2012

2013

[hotsaucee]

Its Bitcoin's best year. The adoption and awareness has really soared which can only be a good thing for the future.

Its a bad year for short-term Bull investors.***

[Unbelive]

You ruined BTC last year you were pumping it to much. Bubble then exploded. Now you cant pump it anymore since allready have a hole inside, and fiat that gets put in pours out.

[Eastwind]

Its Bitcoin's best year. The adoption and awareness has really soared which can only be a good thing for the future.

Its a bad year for short-term Bull investors.***

In terms of adoption, it is best ever.