Bitcoin in 2015. How many predictions have you already heard from the experts? Professionals of the Bitcoin industry? Employees of Bitcoin companies? Lots of them. Hundreds. Thousands. But what about voice of the community, the real power that supports the blockchain and stands behind confirmations of your transactions?
We decided to ask them about their expectations of the year 2015 and the level of their optimism regarding Bitcoin price and development.
East or West, people are mostly concerned about the Bitcoin price. Contrary to fiat money, Bitcoin technology is not studied enough and not controlled by any central authority, thus its price can significantly fluctuate every single minute.
What about its behaviour in 2015? Bitcoin users share their thoughts that are not as optimistic as we’d like them to be:
“price between 100 and 200 (I say 120). I feel it has its usage in the legally grey (or downright black) economy. I don’t know what is the size of that, but it’s useful there. for better or worse… Nobody really wants or needs that.There will never be a big consumer adoption because it’s not really needed outside of a legally gray cases.“
“…spike hits 16,000$/bitcoin, average not that far away HOWEVER since this is mostly driven by merchant trade, we’re going to see the same pattern. Exponential spike, sudden drop, slight increase, and then slow decrease(25%), end result: we might be at the end of the year back around this point again, or in the low 1000$s. People will complain(99%).”
“People will post all kind of bullish indicators and stuff, some more companies will accept bitcoin and price goes down to 230$ by the end of 2015.“
“Price continues to go down, finding less volatility between $100-$300. Price stabilizes within this range. (small possibility of price reaching all time high in the event of another recession or depression).“
“Commodity prices are flailing across the board, and Bitcoin is not immune. Money is going into stocks, not the Bitcoin economy (or metals, oil etc.) As long as that stays the case, BTC will slide gently and will test the mid 200s, if not lower. If something funny happens with the USD, BTC will benefit and potentially massively. The days of Bitcoin getting price boosts just on the announcement of a new merchant or on coverage in the news are over. The investor class knows about Bitcoin, they don’t think it wise to move in in the present environment.”
Still, there is a place for humour even when it comes to money:
“5K Bitcoin in 2015 and I’ll eat a paper wallet.“
“Anyone who sold or made fun of Bitcoin in 2014 will look like a fool. This same exact thing happened in during the bubble/crash of 2011-2012.“