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Title: Positive News but No Price Movement Post by: Mageant on May 13, 2014, 06:40:12 PM I've been seeing a lot of positive news on Bitcoin recently (large VC funding, many new online merchants accepting Bitcoin), but the price does not seem to be reacting at all.
Why do you think this is? ??? ??? ??? (or do you disargee wth the latest news being positive?) Title: Re: Positive News but No Price Movement Post by: FeedbackLoop on May 13, 2014, 06:44:53 PM News, in any market and in the short term, are only an excuse for it move where it already wants to go. Bitcoin was in a bear market and has been stable lately (so I imagine little short fuel for any squeeze). So good news mean nothing in the short term. Title: Re: Positive News but No Price Movement Post by: zoinky on May 13, 2014, 06:47:16 PM The price has reacted by not crashing to 300 and below. Hopefully some silly bears will dump more to fill the awaiting bids. I'd rather not have to move them higher. I guess people are just starting to understand the technology :'( .
Title: Re: Positive News but No Price Movement Post by: the_sunship on May 13, 2014, 07:22:42 PM Although there is good news, bitcoin the "brand" still is not trusted yet by the majority of wealthy investors. We're still in the "they laugh / fight you" stage (see below). We will probably be here for a while while the infrastructure gets built and more trusted exchanges enter the market. But it's all coming, so I'm not worried.
"First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi Title: Re: Positive News but No Price Movement Post by: hd060053 on May 13, 2014, 07:39:24 PM market is waiting for a silk road-like crash to ~300 . then we go up again. big money is ready after that crash
btw that crash will be the last chance to get cheap coins. Title: Re: Positive News but No Price Movement Post by: Wilhelm on May 13, 2014, 07:40:22 PM Although there is good news, bitcoin the "brand" still is not trusted yet by the majority of wealthy investors. We're still in the "they laugh / fight you" stage (see below). We will probably be here for a while while the infrastructure gets built and more trusted exchanges enter the market. But it's all coming, so I'm not worried. "First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi Invalid quote .... Wikiquote says "Describing the stages of a winning strategy of nonviolent activism. There is no record of Gandhi saying this." http://en.wikiquote.org/wiki/Mahatma_Gandhi This doesn't change the fact that the quote is a good one :) Title: Re: Positive News but No Price Movement Post by: blatchcorn on May 13, 2014, 07:42:01 PM Blame the bears
Title: Re: Positive News but No Price Movement Post by: r34tr783tr78 on May 13, 2014, 07:52:45 PM Globally, the news aren't good: the chinese market, that was the main responsible for pushing the price from 150 to 1200, is on the verge of strangulation by lack of new fiat because of regulatory issues.
Title: Re: Positive News but No Price Movement Post by: slapper on May 13, 2014, 08:01:57 PM Globally, the news aren't good: the chinese market, that was the main responsible for pushing the price from 150 to 1200, is on the verge of strangulation by lack of new fiat because of regulatory issues. The good news is, none of them will be able to sell/dump because their bags are $1200 heavy. They will have to find $2000 chinamen to sell to as their exit strategy :) Most of that market got into it because they took it as get rich quick scheme and not a "decentralized" p2p currency or libertarian ideologies. Checkmate. Title: Re: Positive News but No Price Movement Post by: r34tr783tr78 on May 13, 2014, 08:22:18 PM Usually, fear is more powerful than greed, so no matter how heavy are their bags, most of the chinese will sell if fear really gets into their bones. But, right know, they are holding, even as they gaze to the end of their exchanges: volume is dropping like a stone (http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc).
Title: Re: Positive News but No Price Movement Post by: bitcoinsrus on May 13, 2014, 08:36:44 PM Although there is good news, bitcoin the "brand" still is not trusted yet by the majority of wealthy investors. We're still in the "they laugh / fight you" stage (see below). We will probably be here for a while while the infrastructure gets built and more trusted exchanges enter the market. But it's all coming, so I'm not worried. "First they ignore you, then they laugh at you, then they fight you, then you win." -Mahatma Gandhi Invalid quote .... Wikiquote says "Describing the stages of a winning strategy of nonviolent activism. There is no record of Gandhi saying this." http://en.wikiquote.org/wiki/Mahatma_Gandhi This doesn't change the fact that the quote is a good one :) I am not saying whether the quote was said by him or not, but when I google it, many links claim he is the person who said it. Title: Re: Positive News but No Price Movement Post by: phelix on May 14, 2014, 06:54:49 PM http://upload.wikimedia.org/wikipedia/commons/thumb/0/04/Hurricane_Isabel_from_ISS.jpg/800px-Hurricane_Isabel_from_ISS.jpg
There were flats like this before, e.g. November 2012 so I guess we are right in the middle of something... Title: Re: Positive News but No Price Movement Post by: Bobsurplus on May 14, 2014, 06:56:10 PM Just wait for the ETF.. Then you'll see some major movement.
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