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Analysts: Cryptocurrency Values to Fall by More than Half in 2015

DeclineHAMPSHIRE, England ? The value of cryptocurrency transactions is expected to plummet by more than half in 2015, compared to the market?s value last year. According to analysts at Juniper Research, exchange collapses, theft and regulatory concerns about the role alternative currencies play in so-called ?dark web? transactions will send Bitcoin and the rest of the market spiraling downward from more than $71 billion in 2014 to slightly more than $30 billion this year.

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Analysts: Cryptocurrency Values to Fall by More than Half in 2015 | YNOT Europe

Not very surprising

its just as screwed today as a year ago. fixed supply currencies are non-viable. someday a suitable replacement will be created by an entity with the standing of the Fed, most likely the Fed itself. That currency will do what bitcoin promises to do, but cannot do without the backing of a central bank.

:2 cents:

Digital currencies will eventually work, but they need to eliminate the loophole that allows "exchanges" to steal. No normal person can resist the lure of 100m. At the same time, transparency or centralization means govt control in 5 minutes.

What has to happen, and this isn't easy, is a peer to peer validation and total database tracking where other validators are anonymous to each other. Each trusted user would have to store more than his own holdings, with warnings going to the entire trusted community. Also, it would help if the sole purpose of the currency weren't evading the law, which guarantees failure. The age of outsmarting the govs is over. Now is the time of "they let us exist because we don't cause too much trouble" and it will stay that way until someone invents a working space ship.

Am I the only person that's noticed that the Internet just goes from fad to fad?

I'm sure someone else will dream up another new 'thing' to replace the 'last thing' which will look exactly like 'everything else' but for some unknown reason use a new technology that's supposed to be far better than the last one which from the end user perspective means 'new graphic interface'.

But other wise nothing changes

bitcoin is nothing new...its like dejavu from the evocash and egold days...the inherent weakness of digital currencies is that the MOMENT the government raids the major exchangers, its all over...it happened to all digital currencies before and will happen again...

people seem to be confused about stupid bullshit lie mining, and de-centralized but its exactly the same as e-gold...from money laundering to KYC regulations, the exchangers are sitting ducks for the US gov...

I am amazed that bitcoin has lasted so long :2 cents:

Early miners made the cheddar and sheeps are eating the dry weeds.

I think the technology is fantastic and i can see it being around for a long time to come.

I'll stick with the dollar

people have said the same thing about our industry, yet there is still people making a lot of money despite some late arrivals... are they 'sheeps' too?

markets don't dry up, they just evolve and people who treat it like a business will make the money regardless.

100% with you on this one

whoa - good post

It happens from time to time :thumbsup

It has nothing to do with the Internet.

It's people. Human behavior.

These things happened long before the Internet.

BTC has the delay issue. I made some good money on bitcoins and other currencies but it is hard to think long term on something that is so inconvenient. Try to figure out how your mom can buy a cup of coffee, and you realize it was never going anywhere.

Then add in that a super computer can crack the whole thing open in a week and you get a little nervous about storing your net worth in BTC.

Actually I can see it going somewhere.
If the cup of copy had a QR code instead of a USD price then your mom could use a smart phone with the mycelium app to buy that coffee. It is literally instant to receive confirmation.

Also, it's nonsense that Bitcoin could be cracked in a week. Bitcoin contains something like 1,000,000,000,000,000,000,000,000,000,000,000,000, 000,000,000,000,000,000,000,000,000,000,000,000,00 0,000 combinations and would take something like 0.65 billion years to crack.