Bitcoin Forum

Of late BTC prices seem to have just been stuck ... why is it not moving up or down like earlier ?

Since it has been speculative up until this point, it has been flat due to lack of major news

But why no demand in spite of such a wider base now ?

When do you think the next rise/fall might be ?

Nobody has the foggiest idea

We would be merely speculating  ;)

Ain't we all in the stock markets .. im open to speculations.

Guys, Chinese btc main dealer will open soon. give them some days to receive money from. customers. And since qwe are still in Chinese beginning of the year festivity we have to wait for some days more. My opinion is a Big, big pump in 12/15 February. Buy folks, buy now and be rich forever. Probably exactly now some millions Chinese are sending money to exchange.

Isn't a steady price what we want? A wildly fluctuating price is counter-productive to BTC as a currency. However, I'm sure the price will change on the back of some good/bad news. Patience is all that's needed here.

Hmm yea that will be good .. also ebay is expected to start virtual currecies for listings .. so I hope it gives the prices a boost.

Well yea we want some stability but not for sooo long .. im sure everybody remembers the daily fluctuations we used to have ... now it just feels like ages have past (relatively in the crypto world) without much of a movement in prices.

Why do we not want stability? If you want to use it as a currency then this is great. 

Actually the price still move up and down. It is just less aggressive. I know because I am still making profit from trading.

I think people just get bored when there's not much activity. I must admit, it was more exciting when there's activity, but if you're looking for excitement from this I reckon you're in the wrong game, or will need a bit more patience.

According to Slippery Slope's model we are still a bit over where the price should be.  I am hopeful of a rise to $2000 in the second half of the year .

Any chance to hit $5000 in the 2nd half of the year ?

There's always a chance, but I think we'll need a couple of big merchants for that.

I hate stagnating prices, feels like they'll crash anytime. D:

Why? without any news they'll probably stay steady, but then it could go either way.

Seems to quiet for me, I'd rather have it rising or falling.

Exactly. If we want more people to start using bitcoin as a mean of exchange instead of just speculative investment the value has to be somewhat stable. Of course when more people start using it it should push the price up, which makes this a little paradoxical situation. I'd like to see a steady rise in the value driven by more people and companies _using_ bitcoin. That way the rise would have some kind of foundation.

So you'd rather lose money than it remain stable and quiet? 


Maybe paradoxical, but a slow and steady growth would be better as opposed to wild fluctuations. This is the thing that scares off merchants.

I'd rather have them low to buy them low.
But yeah, fluctuating prices makes me feel more comfortable at night than stagnating prices. It's just my paranoia, not rational reason behind it. :p

Very much agree. We don't really want the price to go up/down 20% everyday.

So you just want cheap coins? What if the value keep on getting lower or stabilises at a low point?

If you believe in the currency; buy in now. What happens if they never fall to a cheaper price or just continue rising?

Then I made a loss, sounds obvious, doesn't it?

Then why state the obvious?

That's how it works.
You asked me, I answered. Simple as that.

This is the calm before the storm. The next storm coming, which I predict will arrive sometime in the next 4 weeks will bring the price of a single btc to over 5K.

I don't think you understand how rhetorical questions work.


I think you might be dreaming a bit too big there  :D. If it did rise to 5k I'd expect a pretty big crash soon after.

After living in this btc world for 2 years now, I've come to realize that dreaming big is the only way to go with Bitcoin.

Although it is not as exciting as seeing the price go straight up, slow sustainable growth is better for long term success of BTC

Rising 100% every day would be better. :)

Exactly this.

I can not believe what I paid 1000 USD.   ::)
Just now, I understand, Bitcoin is fog.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/t31/1522853_707360519298556_1320796293_o.png

This is why. Prepare for CCMF in summer.

Bitcoin is fog? It'll go above $1000 again, just be patient.

So according to this we could expect some dips and then a rally? I wouldn't still count on these kind of charts, if you look hard enought you could find all kind of patterns from the history.

Yeah, charts are useless for things like Bitcoin. There's no point trying to read them or find patterns.

This zone of consolidation is inevitable after such a huge move upwards. It is an essential development if price is to continue rising, as this zone will become a new base from which future rises can be measured against.

If the adage 'everything that goes up must come down' is true then the exception would be 'everything that goes up, and consolidates, can happily continue on upwards'.

I think an estimation above $3600 would be too optimistic for 2014.

Oh, guess who's making %1 profit each day by finding patterns. Yeah, it's true, it's me. You should take that graph serious.

The same could be said for a resistance zone, no?

I believe that next target point is 380-430 and do not going to pay for btc more than that.
Coins market is overbought right now and market realizing that fact sells coins, consequence of that we see now, and will see in the near future, price will fall proportionally of understanding overbought.
News will not be so big drivers, unless it's fundamental.

There is too much people who knows about crypto right now, and they want to be rich and become fast. Good fundamentals like recognition from government, feds seizure of accounts and imprisoning criminals who owned bitcoins is always good. For us it's always better if bad guys get arrested and coins become less (maybe just for some time). Therefore I do not believe that market will wait until "next wave" in the summer.
Accumulating news can be big catalyst in the future when we hit target point 380-430.
that's what i think.

I totally agreed with you. One of the key skill required for trading is patience.

goodbye bitcoin, goodbye my USD,

http://www.dodaj.rs/f/32/In/SPAa3Hn/sad-bye-emoticon.gif

how much do you have invested...if it is very little, then massive volatility is more exciting.   If you have a good amount invested, then slow steady growth is by far better than huge price swings

Quite a fair amount but since it's all just money to play around I don't mind.

I think everyone is waiting for news from china, russia and usa.. I'm waiting for it also!

It is getting ridiculous, the price is moving sideways. This is very unusual for Bitcoin.

I'm noticing a total silence on this threat from more experienced members. Probably because they have posted on threads like this so many times and they just keep coming up.

  I'm new enough that I will take the time to comment.

  Consolidation is right. Interesting chart that was posted. One thing that is interesting is lots of people have posted charts that are logarithmic in terms of the USD-BTC relationship, but few have posted charts that also take are logarithmic on the x axis, or in terms of time. This is my personal theory, and according to this assessment this sideways movement will lead to a slight gradual decline leading up to the next buying frenzy, which I think will be cause by the entry of a lunatic fringe of speculative buys in the financial sector. China is a possibility, as is the Chinese diaspora finding ways for mainland China to indirectly hold stakes in bitcoin. Same goes for the gold loving Indian diaspora.

    Technical innovations in the remissions sector are another possible source of growth, as are more major retailers deciding to risk implementing bitcoin payment systems. The list goes on. It looks like most of the people posting here got in after the last rally. I got in on the previous rally and I remember feeling this way about 5 months ago. Come on people, is 6 months really too long to wait for a 500%+ return on investment? Only in bitcoin land... this really underscores the wisdom of the ol' watched pot that never boils...

Should take off when Obama causes the US to default on the debt, right?

There were news, like 2 big online stores accepting btc, quite positive looking btc hearings, Chinese exchanges working out the money deposits.

Does it matter? I agree that it's quite a boring time for Bitcoin, but I'm sure we'll have a crazy ride at some point this year regardless.

Instead of looking at BTC in relation to USD you should look around and gaze upon the fiat massacre happening all over the world: argentinian peso sinking, venezuelans, ditto, turkish lira, etc. So if you're not an american and you are positioned in BTC you are quite comfy.

Maybe one day we will peg fiat to Bitcoin lol. I wonder if we'll see Bitcoin being adopted more in some of these struggling economies?

Prices are not moving because 1.000 USD is a huge psychological resistance, that's it, it's purely pshychological.

If we shift the decimal point, say, 3 places, and make 1BTC = 0.800 USD, adoption would grow massively and possibly price too.

There was a few pretty large sell offs on bitstamp today.   Price is slowly recovering from that.   We seem to be holding firm still in the $780-$800 range.

Is there a profit to be made selling them to local folks in person via localbitcoin, and then just buying more on coinbase? That would make sense too for a slow but sure income, since you can set your own price. If people actually would pay your rate and think they would gain by it in the long run.

There is definitely profit if you can get someone to pay you significantly higher through localbitcoins than they price on coinbase.   Given the 1% fee at coinbase, and depending on how much you can get for a bitcoin at localcoinbase, it seems like a pretty big headache for very small margin...

Depends a lot on where you live, and whether or not you want to comply with your governments' regulations.

The prices of bitcoin have been almost eerily stable the past week in my opinion.  Almost feels as though it is being artificially held there somehow.   It starts to move in either direction but quickly goes back almost to where it started.   I feel like something is going to happen over the next few weeks and we will see some big movement in prices (hopefully upward obviously)..

Bitcoin price is moving now.. it's crashing fast, down 100$ last hours.

yeah BTC is moving now...just in the wrong direction.   I think this was a long time coming with all of the mounting problems on Gox

Bitcoin prices look stable at around $800. What is the base price of BTC ? Could someone answer?

BTC quickly losing popularity.

http://easycaptures.com/fs/uploaded/637/3446942191.png (http://easycaptures.com/3446942191)View Screen Capture (http://easycaptures.com/3446942191)

http://easycaptures.com/fs/uploaded/637/7436452349.png (http://easycaptures.com/7436452349)View Screen Capture (http://easycaptures.com/7436452349)

I dont think it can loose popularity that quick, on www.fiatleak.com (http://www.fiatleak.com) there are still loads of transactions.

This is Beginning of the End and crytical mining factor coming at 5 cents per Gh at 24h !!!
(current mining factor is 14,7 cents per Gh at 24h)

https://bitcointalk.org/index.php?topic=420005.0

Dogecoin a popular altcoin has taken steps to avoid hoarding and is on the rise because of this. Transactions in doge surpass BTC
any thoughts?

BTC is still gaining popularity, there is just uncertainty in the market right now.   When home values go down for some periods of time, that doesn't mean owning a home has lost popularity, it just means that a lot of people are sitting on the sidelines waiting to see what is going to happen before they make their next move...

i don't think steps to avoid hoarding is the reason that dogecoin is on the rise, many people who missed the boat on the early low prices of BTC are trying to cash in on a coin that is lower priced (which makes logical sense).   

In terms of adoption, BTC is many years ahead of dogecoin...are there even any major merchants that will accept it as payment yet?

it is never "stucked".
Price is always up and down :P
Just you must see it closer.

Why the hell is bitcoin falling in value??  :'(

Dumped at the right time. :D
Time to buy all your cheap bitcoins, thanks guys.

I hope that price will not go up until morning

:-) I want some cheaper ntc too :-)

it is definitely approaching a nice price to buy some more...  I think the buy orders will skyrocket if we get anywhere near $700

Time to slowly accumulate: Remember, BTC does not evolve in a vacuum. there's a world of money out there. and the fiat world is crumbling. It crumbles from the fringes inwards. Therefore you see argentinos and turks and venezolanos losing their coin value due to inflating policies on the central banks... the biggest sinner in the inflation of coins is the USD/fed yet it gets away with it for the time being for being reference coin to the world. this too shall pass. the inherent deflationary quality of BTC will reassert itself in a new wave of buying come the big fiat crashes of mid-late 2014. I could be wrong, but i have confidence in the total lack of fiscal discipline of the array of governments from china to the Us passing through Europe.... they are all Zimbabwes waiting to happen.

Just for fun :D
https://bitcointalk.org/index.php?topic=375643.0

Despite being completely unrelated... coincidentally, the move in the value per bitcoin has pretty much mirrored the spike in mortgage interest rates in the past few days.  The candle charts look strikingly similar..

Seems like the price is moving to me, just not in the way I was expecting.

I just changed the Batteries in my crystal ball, and I see $2000.00 by April.

Once people start buying again, the price will go higher than, an ICBM, on it's way to North Korea... To send love. ;D ;D ;D   

It is moving.  Down.

630 on bitstamp and going down very fast. And i bought mine at $800...i'll have to wait i guess. Good job mtgox.

I just tell my gf yeterday that she should invest something into BTC.

She transfered money yesterday but it appears today at her exchange account.

So she woke up and bough it at today minimum price :P and she earn some 3% already :P

good job :)

What happened to mtgox? Have I missed something?

https://www.mtgox.com/press_release_20140207.html

Withdrawal of BTC isn't possible anymore.

Hah... that  is why I knew to do not use mtgox :P

and I never did :) so lucky.

Jesus. Surely this has to be the last straw for Gox?

WTF? So it's basically impossible for people to get money out of there now? Not sure how many people even still use gos so I'm surprised this had such an effect.

So why would people use gox at all now then? Then again, I don't know why people were still using it anyway.

Probably a lot newbies were attracted by the high price.

it is impossible to withdraw BTC. Till 10-02-2014 at least.

This is crazy and it is real shit for those who have trusted mtgox.

Now, when BTC is falling I find interesting that altcoins do not rise relatively to BTC.

But at the same time some altcoins like dogecoins didn't fall as hard like BTC or didn't even fall at all.

Seriously, I don't understand why somebody still use mtgox with the terrible delay in USD withdrawals and rumour of insolvency.

I have been waiting for this for too long...

Perfect timing to buy some cheap coins :)

yes :) She invested only a little bit :) a 100$, but shes great in saving money, so she will wait to the next year untill she will withdraw :)

if it is about me - I have to much pressure, and I am moving my cryptos here and there all the time.
She will just sit and look and the price :P and next year she will get more that from shitty bank investment.

Last year she put like 2000$ to bank investment. And after a year withdraw 2200%.
If she would listen to me and put in into Bitcoins last year ... :D

so I hope 2014 will be good for Bitcoin too !!! :)

Maybe price will not rise x30 like last year.
But I hope for x2 minimum :)

right

https://i.imgur.com/0c9r4iC.jpg

Yes ... january was only good month for dogecoin.

Rest of akts suffers drops

It had an effect because up until this point Gox had not really acknowledged the problem, but now they have completely frozen withdrawals, which makes it seem as though they need new deposits in order to have the funds to cash out people's withdrawal requests

Everyone that was wanting the volatility to come back because they were bored jinxed us!

It is now moving finally, but in the wrong direction!!  :'(

Again, another night where all the action happened while I was sleeping. Money never sleeps. Am I seeing this correctly, were there some coins that sold at $100??

 ;D

Yeah, I wonder if these people who wanted some excitement are happy now?

I'll be happy if it gets down to where I can afford 100 with my play money. Wish I had bought 100 back when it was.

only few lucky traders/holder were lucky enough to get btc @ that rate..! it was back to 550+$ after hitting 104$.

Indeed, but it would only take an announcement from Gox to reverse the situation. Probably when they will have manipulated the market enough...

All of these so-called crashes always seem to happen in the middle of the night for people living in the United States.   In order to buy in at the bottom (if you live in US), you need to be awake in the middle of the night.   I guess this is because money never sleeps :)

I'm sure everybody does, but it sounds more like you care about making easy money than the actual currency itself.

I don't know. Bitcoin and making easy money are both great in such different ways!

I guess making easy bitcoin would combine the best of both worlds. But right now making bitcoin is pretty hard!

It's not that difficult. Sign up to a sig deal or get selling some stuff in the marketplace or on coingig / cryptothrift.

Yes, you can probably make a decent amount from a sig deal.   Especially if you are as active as the above :)

you can make 0.5 btc if you can make 2500 posts on the forum (per month)...that aren't spam, and are at least an attempt to be helpful...

Isn’t that a good thing than seeing it go down to $100? At least, it is getting stable for a moment, but I’m sure it will go up any time soon.

I wouldn't really say it got down to $100. Sure it went there, but because someone dumped a huge amount at once. Not because the market in general thought that the value of BTC was $100.

Yes, somebody dumped 4000 BTC at once.

Some big fat whale got scared, or it could be from badly programmed bots that got glitched.

DDoS attackers are like Smeagols :)

They want their Pressious!

You know most things happen in Europe and asia first, right? ;D
I don't think the bitcoin use in the US is that big at the moment(due to legislation) to cause these kind of things at a regular basis..

Over here things start to move in the morning 8~10AM, afternoon ~2PM and evening (after diner).

ooo I guess bitcoin use in the US is huge.

What are you talking about?

Oh, its moving alright)))
I have a question for you guys
what will be the price when network will be 50 pthsh ?))))      ;)
what will it be when 100 ?
think good ))) think about the people that invest millions in mining and maybe they have a little plan of sorts)))

then the price will be 0 usd

igorr payed trolls like you is another proof that bitcoin is already taken seriously by people with money)

Just look Titanic and enjojy.

Words of an 13 age guy with 0 XBT on wallet.

i love this prediction.
Any comments anyone? Wanna hear.

I think that the price could go down to 400 (or less) but BTC will have a lot of support at those levels so I think it would rebound nicely

If the big news are positive in the next few months I don't think the price can go that low but if there are mostly negative it probably will

The one on the right is way hotter than left

1+  ;D

Quite a fair amount but since it's all just money to play around I don't mind.

When it happens a few good things price will go up....
the good news is our front door...

I haven't been to this thread in a while, but BTC prices are definitely moving now...just in the completely wrong direction.   I wonder where we are going to stabilize off.  I will admit that I thought we had hit the bottom, and purchased some more, so I am definitely in the red on those coins so far :(

Gox prices just stalled since 15 minutes :-X

Until gox is officially done the price is going to drop further. Mark Karpeles resigned from the board of bitcoin foundation earlier today. It would also appear the gox is down, perhaps for good.  Things are going to get much worse before they get better, if they get better than the price currently is.

I feel for anyone who has money in gox right now. Pretty sure they can kiss that money goodbye.  

Mtgox seems down still.Not loading for me.

MTgox is done. So is the twitter account. Likely insolvent. (Bankrupt)

http://www.forbes.com/sites/ericmack/2014/02/24/once-mighty-bitcoin-exchange-mt-gox-is-offline-likely-dead/

SO MtGox is dead. I have checked their site - it doesn't work!

I agree.. that guy is not hot at all!

welp, bitcoin was moving like a sky diver tonight.   I saw two separate 1k btc sell orders around $430, and then a 2k btc sell order.   Each completely cleared the wall at stamp...we are slowly recovering a little now.  Everyone was watching stamp, but huobi had even more volume than that...

Seems to be settling a little right now...

Yep :) But girls seems ok :P

Are you happy now?you cant complain about prices anymore.

I'd guess that because except for a few fervent denialists, the market already reacted to Gox's obvious insolvency weeks ago.

Dont be greedy,Buy now ;D

:-) it might be never cheaper :-) that is a true indeed

I think the ship has sailed on any major government declaring Bitcoin illegal.  Most have weighed in and have said it is legal but they want certain aspects to be regulated.  Could things change?  Sure, but it seems unlikely.

moving to where? to the northpol or southpol?

Yeah, your post was well worth necroing this thread ???

We just need to get sites like Amazon and other big sites to start accepting Crypto Currency!

That will give us a higher price! :)

Merchant adoption usually results in downward pressure during the short term.  ;)

I would disagree. It is correct that many merchants convert their BTC revenue to fiat as soon as they receive it, however before someone can spend BTC at amazon for example they first need to purchase BTC either from a trader, or on an exchange. This creates upward pressure on the price.

Additionally IMO, it is unlikely that someone would buy the exact amount of BTC that they want to spend at amazon for example, they would likely buy more then the total purchase price so they end up with additional bitcoin then they started with (none) after their purchase. This creates a net positive effect on price.

Another point is that when big merchants announce they are accepting bitcoin, it often makes the news, creating additional awareness about bitcoin, and potentially getting additional people to buy bitcoin and spend it places that would not convert it to fiat right away.

Because there aren't very good news about bitcoin / nobody want to pump up the price  ???


That's right, i would be happy  :D