Bitcoin Forum

Quite interesting it's just held around 220-240 for most of the year. 

Think we'll sit here for years to come? 

No way in hell

Why not :)

i dont think so...
i think for the following months...
and years.. it will go up already.
even it goes down again to 220-240
it will definetely go up in no time...
but ofcourse this is only my speculation...
so goodluck to us.

The money being pumped into the bitcoin ecosystem was giving me much hope - but I think that most of the companies being funded are closer to MtGox than to Google and now after the BitPay announcement this might get visible to the VCs as well.

Bitpay was doomed from the start. Merchant adoption should and will be the very last phase in this journey.

The longer we go through this nice stable and low price, the better for long term investors like me. It just means more monthly cheap Bitcoin going into my wallet before the general public of dumbfounded people and stuck up old money idiots wake up into the fact cash is going to disappear in our lifetimes. Being ahead of the pack WILL eventually reward any Bitcoin holders.

It went to prices under $200 and also prices more than $300. You call that flat?

next stop 100$  :)

Would like to think it would go up in 2016.  If mass adoption is the main focus we would need to have it at a level where everyone can pick up a few BTC and not just satoshis worth.  For this it would need to drop a bit further before then flying back up,  who knows but 2016 will be a year for something to happen.

keep dreaming. the $220 price level has been very strong throughout the year. i'm sure we'll see the price go over $300 next year. i only hope we'll be able to maintain that level to advance even higher.

I'd be surprised if we don't see $500 next year quite frankly.

the fact that we are still at 200 after all the manipulation and everything that happened, is a good indication, that we will increase in the future

thinking the opposite is pure trolling, the halving will only help this increase in the future

But dude, halving is yet to come :D
We'll soon be going up, up to the MOON ;D

According to my speculation, i see the price around $350-$400 or more after the halving in 2016 ;)

I think its still going down. We should see $100 by 2016.

Why do you say that?
The price went up in the earlier halving i.e. 2012 and i still hope the same thing will happen. People are too interested to invest on bitcoin during the halving period. I am sure this would significantly increase the price by atleast 150%

Because that where btc was before the willy bot got involved. It needs to go back there before it can go back up.

There are WAY more people involved now than then.  If it goes to the same value I fear it goes to zero.

What's the logic behind that? Is this something that's been observed, historically, with manipulation in other markets?

(Genuine question, but I will say up-front that I attribute some-to-much of the rise to USD 1000 to the Chinese desire to bypass exchange controls. But that's not necessarily relevant to my question).

No, definitely not.

In my opinion, this is a current Bitcoin healthy price, not a bubble price like we have seen when it went to over a $1,000. This is why price has stayed most of the year in this range.

Now we need something to push us up again. Some good news, some excitement, some fresh new blood that will get in with some fresh Fiat from the outside. Once that happens, price will start going up!

How does mass adoption happen if everyone can pick up complete coins for comparative peanuts?

That's what I was hoping for. Rather than having the price boucing up and down and apprease the short term speculators, wouldn't it be better to have it within a stable range in order to encourage long term business adoption? People would also start to see it as a safe haven opportunity to store their wealth without potential risk of sudden devaluation.

But that can only really work once it's reached a vast number of users. Let's say it retains $240 worth of buying power for the next few years with the amount of users it has now. To the outside world it's small, boring and stable so becomes considerably more attractive if there is some type of crisis. If ten million newcomers people suddenly wake up to the idea of it being a safe haven then it's back to fireworks again.

Fireworks would be an understatment if we get 10 million new buyers lol

OP not sure we will be holding this price for much longer but its been a good time to stack up I've changed my bearish ways and think we will take off in the next few years.

How soon?

Who knows.

Stable price @ high volume: stability.
Stable price @ low volume:  dead market.

In my opinion, the actual stability is still not sustainable. It is product of impredictable situations which happened to "level" themselves - some were bearish, other were bullish.

- First, the MtGox fiasco. This events caused the price to plummet to the actual price level.
- Then came the recognition by the community that most of the price bubble in 2013 was artificially inflated. So the first intents for a new rally ended rapidly with dumps.
- Another bearish event were the dumped coins from Silk Road.
- Then came the Greek crisis and a new hype was forming.
- But the Grexit did'nt happen and many took their profits, so it went down again.
- The last price swings were related to the Bitcoin XT debate. There was first a down swing as a "deadly" fork seemed a real possibility, but then a light upswing as XT seemed to stagnate. But it's not over.

Now we can think about what would have happened if, for example, there was no Greek crisis at all. We wouldn't have had this short rally and I think in this scenario price should be lower now, even possibly sub-200. On the other hand, I think we would see actually prices over $250 if the scalability debate was resolved by consensus of all developers.

So I think the actual stability is not an "automatic" thing. But it can help to reduce expectations for pump-and-dump oriented (or pro-cyclical) speculators.

Doubt it, but hopefully it will enjoy a slow but steady growth at some point.


Why not? I'd rather it remain stable at this price than fall any lower.

Srry i dont agree with that.... It was quite between 220-240 for some time but last may to june or july it was like 286$.. So see wat ur talking...  :)

It was Juli to August where the price had been attempting to break through the $300 level and where it peaked at $310. I do believe that we'll go through the $300 again next year.

Yes i think at least next year, probably 2017 also. After that we will see a steady raise.

Well, I'll be waiting until years  ;D

I think from the first semester of next year 2016 things will begin to move in good way.It seems that price will be more higher than now and may be touch $ 300 by the middle of 2016.

I do agree bitoins price were between 220-240 $ except two pumps.I see some rises in price before the end of this year which will keep continue till the halving of blocks.This rise will be steady and will show some stability too this time.