Bitcoin Forum

Someday
When, when:
Are we there yet?
Bitcoin will be exciting again!
Someday....

When?




Edit:
I could have been more clear: The BTC project is always exciting.
Lately prices/speculation opportunities have been extremely slow and boring.

It needs time to heal from Gox and the countless of hacked exchanges we hear about everyday. Media is also killing bitcoin on daily basis, Any strong bullrun now will feel premature

It also needs Wallstreet and the winki ETF, This will need regulation which means wallstreet money comes Q3-Q4 2014

I see the next bull run to be closer to June period, by then Gox will be forgotten and hopefully more good news flood in.

I was thinking about that earlier today; The moment the winki ETF is approved will be a very memorable day.
BTC is gaining traction and getting more mainstream every day.

Bitcoin is exciting! :)
Right now, and before and forever!

♥BTC

It's not all that bad if Bitcoin is boring for a while :P

Too many unknown variables at the moment are leading people to tread cautiously around bitcoin:

1. Mt. Gox: We don't know if the coins were stolen by a 3rd party or not. Nor do we know if/when the coins will be dumped, or if they have already been dumped and factored into the market. Moreover, a lot of people are starting to distrust all of the exchanges. They're gonna have to implement an open/transparent and decentralized system before I deposit anything back onto an exchange.

2. Satoshi p2p account activity: If that was really Satoshi that posted that comment, that means that he is still watching bitcoin expand, and who knows what he'll do with all those coins he mined.

3. Negative media exposure: Media outlets have been attacking bitcoin pretty hard lately. If you read the comments on some news sites, there is much more negative attention directed towards BTC by the general population than there was a year ago. While this point is not really an unknown variable, it can slow the adoption rate for bitcoin.

But the fact that it is sitting at 600+ and not the 100-level, means overall, people are still very optimistic, even with the negative exposure.

Well it was boring from about 20th dec to MtGox crash :P

And it was better than when it stopped to be boring in this way...

Bitcoin is so exciting there are news sites built solely for updates on it's topic.

What makes you think it's not exciting anymore?

I could have been more clear: The BTC project is always exciting.
Lately prices/speculation opportunities have been extremely slow and boring.

Well , you nailed this one.

People can be both optimistic and cautious I guess. The impact of those unknown variables could send BTC prices either way in the short term.

"people are still very optimistic, even with the negative exposure" yes we are :)
"People can be both optimistic and cautious I guess"  - we even should be cautions! :) and optimistic!
"The impact of those unknown variables could send BTC prices either way in the short term." - yes, but without any problems like Magic The gathering price should go up :) and away :P

the oligarch are busy divvying up another sovereign state, what's so different this time?

Guns and bullets? Possible disruption of their internet and 1217 nodes there. That have to be dealt with if a fair manner if we get a fork. The light didn't even flicker in Cyprus.

Cyprus? You know that people buying bitcoin in Cyprus last year during the crisis was a myth , right?

Yes it was "already in-game players"  who caused the price rise due to that event .
So why would it be different with a bigger crisis looming ahead: Economic sanctions against russia .This would have major economic and political repercussions worldwide.  

I think there will be some excitement soon enough (that's how BTC works).

On the politics side, there is lots of activity in Eastern Europe so that might drive some sort of push with BTC.

On the financial and regulation side, there are lots of interesting news. First with Australia announcing taxing BTC and soon that could trickle over the the U.S. with Overstock likely holding on to BTC through the closing of 2014Q1. There will be some interesting precedents and I think it will drive a lot of activity around BTC.

I think in general, April is shaping up to be a pretty exciting month.

April or.... this summer.
Things take time to develop, but good days are ahead.  :)

Too much of the infrastructure fell apart recently due to hacking/greed (mainly the latter). When more markets/bazaars start to open people will not tread with so much caution and you'll begin to see the old volatile value return IMO.

well indeed. And perhaps they should feel sorry that they didn't ;)

July

and why july? :)

do you have any informations that might be interesting in this case? :)

regards!

I just don't think that people will buy the story once again.
The china hyped turned against us , the April bubble could have burst with bitcoin at 5$ if gox hadn't turned the trades off.
Nothing good is coming out of those mad man bull runs.

Besides , with all the repercussions , I doubt people will think about bitcoins , more about their job and family.

Markets go in cycles.

When the time is right (add a few weeks to make it harder for everyone)
When the time is right, it will take almost any "trivial" good news (combined with the Winkle Twins fund, other VC projects, the weak Dollar, etc), and the market will start to move.

• If you have a "clear breakout" on the charts, combined with the strong fundamentals, then BTC will fly again.
• The next time it flies, you will be amazed.  :D

Bitcoin, because of change of mining difficulty according to number of miners, even if it lose interest, still some people will mine and trade it for growing benefits. Price is not the best right now but growth of transaction is steady and bitcoin is in media almost every day. I guess it is good and exciting in some way.