Bitcoin Forum

We reached a new state of mind with absolute calmness. Even right before the next big increase, I see only few bulls that are overly euphorical. Every wish for appreciation is gone. This is the perfect basis for something big.

This video shows exactly what was neccessary for many of us since the top in November 2013.

https://www.youtube.com/watch?v=92i5m3tV5XY

It will be even more valuable to you in the upcoming euphoria phase. I recommend you to watch it at least two times a day. Once you start trading/watching the price and once you (try to) go to bed.

Ron Paul Revolution - Secret Crowds
Rand Paul Revolution
https://www.youtube.com/watch?v=otwKWzdu7Ps (https://www.youtube.com/watch?v=otwKWzdu7Ps)

Huge!

I agree, and I like it that way. It shows Bitcoin is reaching maturity as a currency, and no longer speculative

wut

no more wild swings and volatility. No merchants would like to receive payment knowing price might drop the next day, and no buyers would like to spend knowing price might rise the next day. Stability is the hallmark of a workable currency.

No wild swings, but steady appreciation, month on month.
That is how I (and most Bitcoin enthusiasts) would like to see the price move.

Let's talk about stability with a venezuelan merchant or with the greeks when they introduce their drachme.

you know that volatility is not only when bitcoin is going down, but also when it is going up, and has the same danger, especially for buyers(but good for merchants), because if a buy something that cost $300, and i pay in btc, but then the price go to 400(just an example) i would have lost 100 for that thing

Yes, volatility will be around bitcoin for a good period of time, as we say, it is indeed a currency with its flaws. However desirable stability is, volatility does seem exciting when the price increases and is in favor of the seller but also it might be very unprofitable for the buyer so that is something which cannot be avoided now. Its all a gamble for a person who doesn't study price levels

Its relative peace and serenity. perma bears are less cocky without confirmation bias  :D

Bitcoiners are like to see the uptrending price. They treat bitcoin as an investment. Buyers have no incentive to pay with bitcoin. Merchants  will be happy to keep the bitcion payment. Bitcoin's price should come to a balance.

I guess the bulls and the bears are waiting hkw the current price develops before becoming loud again.. They have been wrong too often lately.

I think you mean they are less present or in fact absent :)

Doubtful in the extreme.  

This current state is the result of 18 months of bearish battering. The people who have stuck around are possibly struggling to believe it might actually go up for once. Everyone else has gone off to nurse their broken dreams.

Once a rise is properly confirmed the cycle will slowly slot into gear again. There'll be new waves of speculation ready to be tickled up and down by our bearish friends when it goes tits up again.

Rinse and repeat until the mid 2020s perhaps or for all eternity.

That was beautiful.

probably everyone is watching the price rising and counting his money rising, less time for posting here, i think some bear joined the bull trend

but you can still see some troller like farting, here predicting random crash to 213 or whatever...

I really don't think so. I see it from the perspective of the mining of coins which ultimately determines its value. It correlates with the difficulty level that it is at now.  If you study the graphs it's concave,  between end 2013-2014 that's where the spike happens (due to interests, development of better miners, etc) and now it's reached a plateau. That would be the real value of the btc, whether speculated or not, because that's what Bitcoin was created for: a currency that is based on maths, applied onto the real world, where most currencies are controlled by the government.

That is not true, bitcoin you paid yesterday is not the same as bitcoin today - it also has one extra day of price change risks included. That's why it cost 400 (but could've been 200), so when you bought something and paid with bitcoin your paid fiat value is exactly $300.

Let's take the pizza guy, who bought two pizzas for 10k bitcoins. Insanely bad decision you say? No, it was the price at the time. He got two pizzas, seller got $20, everybody is happy because no way on earth he would've kept that 10k bitcoins through the following 6 years. And that what gives them value - your risks when keeping depreciating bitcoins through volatility.

I'd imagine that the number people who threw money in during late 2013 who knew much or anything about mining verges on nil. An equally minuscule number cared about using it as a currency. They were after fat and seemingly never ending profits.

You have the right approach no doubt. That all flies straight out the window if the whiff of fast money enters plenty of nostrils. Greed outweighs everything else by a country mile.

Nothing changed in miningland between October and November 2013. I did notice a little price rise during that time.

But you know what you are buying there, don't you? Let’s talk about volatility in few weeks/months again. Maturity.... madre de dios.

i was talking about a sudden change not long term change, I could agree on a long-term change, but what if after i bought something with a certain value of bitcoin a minute later that value is changed to a big extent?

also i was merely talking about volatility, people refer to it only when there are dumping, which is wrong

Speculators need more dose  ;D