Bitcoin will be wiped out in 2014, because it has become a threat to national monetary systems.

[CK_John]

It will be interestiing to watch. IMO, it will be quite a show, just to make an example of them. Whoever them is.

China investors problably have the most to lose.

Looking foward to 2014.

[NoOneMan]

1. Sylvia Browne will suffer a major heart attack in 2014

But she will make a full recovery

[Barack_America]

11. Ummm....

[msanthrope]

2. Pssst.....it's a Ponzi scheme. One that oh-so-intelligent libertarians will tell you is the next

best thing......

But you wait....those lacking in a basic education in bookmaking will cry foul soon enough.

[seattledo]

9. Libertarians are simply angry children

So by supporting this they prove that it is a scam.

[bhikkhu]

16. It doesn't even remotely fit the definition of a ponzi scheme

but I would guess that it would fail for other reasons anyway.

[Egnever]

3. LOL

I dont know if it will happen in 2014 but bitcoin will collapse to be sure. It wont have anything to do with any threat to anything though.

It is a great first run at it though. the idea will be refined and eventually something will emerge that actually works.

[arcane1]

4. Couldn't it also fail because it's a failure?

I'm not exactly getting paid in bitcoins.

[Codeine]

5. It's not a threat to anything except common sense. nt

[FactBasedLifeform]

6. The people have no right to create their own currency.

The crackdown on Bitcoin is long overdue.

[Archaic]

7. This phase is the fraud phase.

Start small. Get a huge return that isn't really quantified. Smart money advertises the hell out of it. Stupid money jumps in as smart money sells. Right now, Forbes is reporting it's the number 1 returning "asset" of 2013.

Then one day, we'll see a breach, a news story about a theft or a pile of value lost for some reason. The late money loses everything.

But one thing has come from it. There is so much pent up anger at standard financial systems that legit sites are willing to gamble on processing those transactions and use it in lieu of a standard currency. Overstock.com has announced that they'll accept it as currency in the 2nd half of 2014. (I wonder how they will pay out store credit on a return...)

So while Bitcoin may fail, the experiment is underway.

What's funny is that SO many of the people who are enamored with Bitcoin, are the old Amero people. OMG ONE WORLD CURRENCY! We're losing our sovereignty! But don't remind them of it.

The Chinese aren't the investors from what I've read. It's the guys in Hong Kong that design an ASIC to do the math to generate Bitcoins and have them mass produced in China due to their proximity. So if they're spending their money on that, and then reselling those Bitcons, they're proabably liquid enough in other currencies to not miss anything.

It's an interesting story.

[GoneFishin]

8. Anyway, who do they think they are creating "money" out of thin air, banksters?

Not to mention the preposterous notion of "money" that only exists electronically and is moved around by computer. What arrogant assholes.

[Renew Deal]

10. Probably because it's a waste of time

and money

[Drunken Irishman]

12. Good one, Ron Paul.

[cthulu2016]

13. Which national monetary systems are currently endangered by it?

[Lint Head]

14. People will die this year. There will be storms. There will be a major oil spill. A plane will crash

Terrorists will bomb a civilian gathering place.

[TampaAnimusVortex]

15. Of course all the critics here know more than those at Goldman Sachs I'm sure...

Bitcoin Catches Attention Of Goldman Sachs (And Walmart, And Cisco): Goldman Director Joins Bitcoin Startup
http://www.zerohedge.com/news/2013-12-28/bitcoin-catches-attention-goldman-sachs-and-walmart-and-cisco-goldman-director-joins

Also, the feds had a chance to go negative on Bitcoin last month at the senate hearings... Instead, they pretty much gave it a thumbs up.

Also, as the world learned with gnutella and bittorrent, you cant easily kill a decentralized distributed global network of thousands of systems. If they could have, they would have done it years ago with people sharing media. Please explain exactly how they will do it... and not some backwood yokel "They might write a worm to kill it" silliness - as that will show you have no idea how the technology works.

Most all this sounds like sour grapes or simply ignorance of the topic.

[tammywammy]

17. Based on your previous predictions...

I now expect the Bitcoin to replace the US dollar in 2014.