Bitcoin Forum

For anybody who needed a reminder, here's how it worked.

Bitcoin would be about $100 - $110.

Every once and a while, it would break above $110 and people would be all happy. It'd get to $125 - $130 and one point to even $170 and then would crash down shortly afterward.

And, sometimes, it'd break down below $100 and everybody would claim Bitcoin is dying all over again. But then it'd get down to the high $80s and people would quickly buy it up agian back above $100.

I feel like we're in that kind of mode again.

$666 is the new $100.

One bitcoin = one benjamin one beast

Upwards is better than downwards!!

i really agree

i've been stepping away a bit from the crypto scene because nothing happens and its boring now(still HODLING ofc)

i did this last summer to and it really feels similar

i think we might be in for a rally in a couple months 8)

totally.

Does seem like it should be due to rise..

I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.

It helps to grow bitcoins if your investing with a stable rate as well seen stocks drop on significant volatility and rise :)
Tends to be drops though since the value trends up

I don't disagree.  Just that chill calm before the storm.

were at July, not may (we hope). may preceded the crash to 66

Apr/May/Jun/Jul (blue) vs Nov/Dec/Jan/Feb (red) on a log chart...

https://i.imgur.com/aB6cVKw.png

Yeah this is a pretty neat comparison. Its not exact, but if it were exact, it would be damn werd  ???

Bitcoin was nowhere near $66 in May 2012.

"preceded"

My bad.  I still don't understand your statement.

May had a period of "stability" before a crash in June.
July had a period of "stability" before a rally in August.

Which would you rather be in?

Does it ultimately matter? In 1 month June becomes July. If we see a crash then 1 month till more stability followed by a rally. So who gives a shit.

It feels like the 100$ - 110$ days of May 2013. Went up to 135$ before dropping to 65$.
But that was different, MtGox was still the dominant exchange, and the fiat withdrawal issue
led to a weaker downtrend than 'normal'. When (and if, I know...) Bitstamp will see close to
100k BTC on the ask side, while the bid side will drop to 5M$, things are going to get ugly.

Stability would've been a good sign for BTC in my opinion. I thought that Bitcoin will fall to the underground with MtGox's bankruptcy but it didn't have almost any affect on it. Bitcoin is proving that it's a well supported currency that will live no matter what.

Was it only exchange bots that were buying and selling in those days also?

Not a real trade in sight on Stamp at the moment. Dont say that there is, cos their isn't.

I really miss those 100K-200K B on gox days. It was like all the cards were on the table and I felt really bullish because we were able to push through regardless. Now the most important exchange has... less than 20K B most of the time, and I have to trust the bulls that 'it's ok because the coins are being distributed, traded, and hoardled elsewhere'. But what if it's wrong, and these bulls are just leading an elaborate pump and dump, with these hoardled coins ready to be dumped at any time.  I would feel much better with 100K B on bitstamp's order book. Lets see it.

Key word: 2012

I can say that I think there is a trend if you look back notice how everytime the price shoots up it's followed by a down trend and then stability then it shoots back again 10x the price . I'm confident bitcoins gonna be over 1,000$ very soon

More and more people continue wanting BTC.. don't kid yourselves guys.. wall street is in playing games.  Hold strong.

Is deja vu a common occurance in Bitcoin?  I have only been involved a year now and I keep getting these feelings of "I think I have been here before."  ;)

So I hold.  It all works out after a month or two.

$500 feels like the new $100 right now.
It's not letting go of 500, just as it never wandered far from 100.
God I miss 100. I miss getting cheap coins :'(

it wont become back to 0.. or 100 or 200 anymore.. its spread too fast..

read this.. https://bitcointalk.org/index.php?topic=548231.0