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Author Topic: Bitcoin worst investement 2014  (Read 4286 times)
botany
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January 02, 2015, 12:21:47 AM
 #61

If you can get a bitcoin as easy as you can a dollar or a euro, why would a bitcoin be worth 300x a dollar?

I think we will have to compare the total number of dollars in circulation and the total number of bitcoins in circulation. The cap of 21 million will drive the exchange rate, once Bitcoin truly becomes a currency.
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January 07, 2015, 10:51:58 PM
 #62

Worst performing instrument  of this year.

Congratulations.

That's rather ignorant considering anyone who invested early enough still up way more than most anything else.

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January 07, 2015, 11:21:21 PM
 #63

Bitcoin isn't going to go up again without an actual Use Value.  We know how to use Bitcoins to permanently upload files to the blockchain, and if we let the world know how to do this it would start driving up the value of Bitcoin immediately.  Why aren't we doing it then?

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January 08, 2015, 01:08:55 AM
 #64

Bitcoin isn't going to go up again without an actual Use Value.  We know how to use Bitcoins to permanently upload files to the blockchain, and if we let the world know how to do this it would start driving up the value of Bitcoin immediately.  Why aren't we doing it then?
Because people have hopes of BTC going really up in value and spending it in Anything is already a risk. Bitcoin feels like Gold, it doesnt feel like worthless dollars, so you double think spending anything with it.

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January 08, 2015, 12:47:07 PM
 #65

Bitcoin isn't going to go up again without an actual Use Value.  We know how to use Bitcoins to permanently upload files to the blockchain, and if we let the world know how to do this it would start driving up the value of Bitcoin immediately.  Why aren't we doing it then?
Because people have hopes of BTC going really up in value and spending it in Anything is already a risk. Bitcoin feels like Gold, it doesnt feel like worthless dollars, so you double think spending anything with it.

Bitcoin seems very valuable and I won't be surprised when the price goes up to 5000$ 10 000$ and even 20 000$ in less than 10 years; it will great and exciting but not surprising.

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January 08, 2015, 01:11:26 PM
 #66

He blames bitcoin for buying in a bubble. Congratulations!

Hes a noob, i dont care if he sells now and lost his money.
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January 08, 2015, 01:57:51 PM
 #67

He blames bitcoin for buying in a bubble. Congratulations!

Hes a noob, i dont care if he sells now and lost his money.

A lot of people who bought at 700$ and more were hoping to make a quick profit; they are very disappointed so they are very pessimistic about Bitcoin when the drop in price is only temporary.

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January 08, 2015, 03:00:36 PM
 #68

So which part of 2014 or of the year are so hard for you bullts to understand?
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January 08, 2015, 03:08:10 PM
 #69

Sometimes I wish the price of Bitcoin would stay that low for the next years, so a lot of this speculators would have to sell and would loss money.

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January 09, 2015, 02:32:32 AM
 #70

So which part of 2014 or of the year are so hard for you bullts to understand?
The "of the year" part. The fiscal year is not the same as the calendar year in all jurisdictions. In particular, in Australia, New Zealand, Egypt, and Pakistan, the fiscal year starts on the previous July, which makes Bitcoin the best investment in 2014. It's not looking so good for 2015, but it might turn around before the end of June, so who knows?

The point is that arbitrary dates are meaningless without context. The price hit an all-time-high at the end of November 2013 and has been falling ever since, so if you pick the following January as the start of the year, of course it's going to look bad. But not everybody cares about January, or any other arbitrary date for that matter; I certainly don't.

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January 09, 2015, 02:27:49 PM
 #71

So which part of 2014 or of the year are so hard for you bullts to understand?
The "of the year" part. The fiscal year is not the same as the calendar year in all jurisdictions. In particular, in Australia, New Zealand, Egypt, and Pakistan, the fiscal year starts on the previous July, which makes Bitcoin the best investment in 2014. It's not looking so good for 2015, but it might turn around before the end of June, so who knows?

The point is that arbitrary dates are meaningless without context. The price hit an all-time-high at the end of November 2013 and has been falling ever since, so if you pick the following January as the start of the year, of course it's going to look bad. But not everybody cares about January, or any other arbitrary date for that matter; I certainly don't.

We see too many people using November and December as the only and absolute reference point like Bitcoin started trading at 800$-1100$ when the price has only been that high for a few weeks in total.

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