Digital currencies ‘to falter in 2015’

[dregos]

http://www.fstech.co.uk/fst/Cryptocurrency_Transactions_Juniper_Research.php

The value of all cryptocurrency transactions will fall sharply this year to just over $30 billion, compared with $71 billion in 2014, a new report from Juniper Research has predicted.

The analysis noted that this decline was attributable to the combined impact of exchange collapses, Bitcoin theft, and regulatory concerns around the role of cryptocurrency in funding dark web purchases.

However, the report also argued that the introduction of licensed, regulated exchanges could lead to a stabilisation in currency values, and with it an increase in retail transaction adoption. It pointed out that in an unregulated market place, consumer confidence had been eroded by the demise of the Mt Gox exchange in February 2014, and the recent theft of nearly 19,000 Bitcoins from BitStamp hot wallets.

Although companies such as PayPal have started to allow US consumers to purchase digital goods via Bitcoin, Juniper noted: “The scale of the challenge facing Bitcoin is so great that it will struggle to gain traction beyond a tech-savvy and/or libertarian demographic.”

Instead, the research identified a longer term role for cryptocurrency protocols in the wider payments space. Report author, Dr Windsor Holden, explained: “It is likely that we will see the technologies behind cryptocurrency deployed in areas such as real-time transactional settlement. Ripple Labs is already focusing overwhelming on that approach, and in the medium term we may see a role evolution to this end amongst other cryptocurrency players.”

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[Ludi]

The value of all cryptocurrency transactions will fall sharply this year to just over $30 billion, compared with $71 billion in 2014, a new report from Juniper Research has predicted.

The analysis noted that this decline was attributable to the combined impact of exchange collapses, Bitcoin theft, and regulatory concerns around the role of cryptocurrency in funding dark web purchases.

I don't think these things will have an impact on transactions. Current users aren't really scared off by these things. It's been a sluggish start to the year but it'll hopefully pick up.

However, the report also argued that the introduction of licensed, regulated exchanges could lead to a stabilisation in currency values, and with it an increase in retail transaction adoption.

Hmm. I'm all for stabilization but I hope it rises a little before it does. Price is too low at the moment and is hurting the miners the most.

Although companies such as PayPal have started to allow US consumers to purchase digital goods via Bitcoin, Juniper noted: “The scale of the challenge facing Bitcoin is so great that it will struggle to gain traction beyond a tech-savvy and/or libertarian demographic.”

Probably could say the same about personal computers and the beginning of the internet. Adoption will be slow but it'll grow larger over time.

[expert4knowledge]

I am thinking that bitcoin price may have temporary downfall but it will grow and its price become something near to its production cost.

[Possum577]

People said the same thing about the internet and email. "Non techy people won't understand it..." It's nonsense, if the service makes people's lives easier anyone will be able to understand it will appreciate it's use.

This person is trying to cover both sides of the reality...they say "scale will grow" but "people won't accept it"...scale can't grow if people/users don't accept it.

[RodeoX]

People said the same thing about the internet and email. "Non techy people won't understand it..." It's nonsense, if the service makes people's lives easier anyone will be able to understand it will appreciate it's use.

This person is trying to cover both sides of the reality...they say "scale will grow" but "people won't accept it"...scale can't grow if people/users don't accept it.

So true. Here is an example of how tech savvy the early internet was.

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse."—Robert Metcalfe, founder of 3Com and inventor of Ethernet, writing in a 1995 InfoWorld column

[countryfree]

Please, not again. There's another topic on that stupid Juniper report. Those guys are only making hypothesis, and the future of BTC is very hard to predict, just like the price of oil. It's always going up or down without warning.

[cellard]

People said the same thing about the internet and email. "Non techy people won't understand it..." It's nonsense, if the service makes people's lives easier anyone will be able to understand it will appreciate it's use.

This person is trying to cover both sides of the reality...they say "scale will grow" but "people won't accept it"...scale can't grow if people/users don't accept it.

So true. Here is an example of how tech savvy the early internet was.

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse."—Robert Metcalfe, founder of 3Com and inventor of Ethernet, writing in a 1995 InfoWorld column

Yup. Let these fucking decrepid old idiots lose the boat and lets take advantage to get more cheap bitcoins from these lucky motherfuckers that got tons of it on the early days as they panic sell.

[arallmuus]

Please, not again. There's another topic on that stupid Juniper report. Those guys are only making hypothesis, and the future of BTC is very hard to predict, just like the price of oil. It's always going up or down without warning.

yes i agree with you
by 5 years ahead, bitcoins could be at least 1k $$
or it could be worthless
it cant be predicted about what will happen

[sandy47bt]

http://www.fstech.co.uk/fst/Cryptocurrency_Transactions_Juniper_Research.php

The value of all cryptocurrency transactions will fall sharply this year to just over $30 billion, compared with $71 billion in 2014, a new report from Juniper Research has predicted.

So what ? There won't be any impact
Most users don't care about it

http://www.fstech.co.uk/fst/Cryptocurrency_Transactions_Juniper_Research.php

Although companies such as PayPal have started to allow US consumers to purchase digital goods via Bitcoin, Juniper noted: “The scale of the challenge facing Bitcoin is so great that it will struggle to gain traction beyond a tech-savvy and/or libertarian demographic.”

Try to see when PC/internet invented, than look now

[Q7]

It's just a prediction. Nobody will ever correctly foresee what would happen to bitcoin.

[Honeybooboo]

It's just a prediction. Nobody will ever correctly foresee what would happen to bitcoin.

Exactly. This is all speculation based on someones opinion. There are always people who are overly negative and overly positive. I prefer to remain balanced in the middle but I can see the massive potential in bitcoin and I think it will be a rocky road but growth and adoption will come slowly. If you believe in bitcoin just disregard these sorts of statements and enjoy the ride because nobody can predict what is going to happen.

[Amph]

It's just a prediction. Nobody will ever correctly foresee what would happen to bitcoin.

it could go to 10 tomorrow, or skyrocket to 10k at the end of this year

no one can say anything, i think it will skyrocket at least one another time

[Paashaas]

http://www.coindesk.com/juniper-research-bitcoin-transactions-double-2017/

[neurotypical]

Please, not again. There's another topic on that stupid Juniper report. Those guys are only making hypothesis, and the future of BTC is very hard to predict, just like the price of oil. It's always going up or down without warning.

Cant blame em. These guys get paid by making reports trying to predict the future.

[polynesia]

Please, not again. There's another topic on that stupid Juniper report. Those guys are only making hypothesis, and the future of BTC is very hard to predict, just like the price of oil. It's always going up or down without warning.

Cant blame em. These guys get paid by making reports trying to predict the future.

A lot of analysts made money by predicting that crude is going to cross $200/barrel shortly. 

[RodeoX]

It's just a prediction. Nobody will ever correctly foresee what would happen to bitcoin.

Exactly. ...

Exactly +1

Why do people think that somebody somewhere knows the future? They think there is a formula or a chart that shows what will happen. There is no such thing and even the very top investment advisers on Wall St. rarely do better than chance. And that is analyzing a well known, controlled and more transparent market. It's folly to apply those charts to something as different as bitcoin. 

[NUFCrichard]

I've already spent more using bitcoin this year than last. I was in a bar and used bitcoin at th weekend and I just ordered pizza with bitcoin too...

I guess the value of transactions will be lower due to no new mining breakthroughs being made, they must be a large part of the value of transactions..