I find it also quite funny that some people find todays price to be "low" or "very low" as they like to say. These people only look at short term charts (if they happen to look at any chart at all) and say the price is low. They don't look at what growth Bitcoin has realized throughout the months.

Every investment has a certain risk, especially if you are a short term minded trader.

Bitcoin vs Gold from the last 30 days; This period was bad for your Bitcoin investment, but decent for Gold.

Bitcoin ~ -13.90%
Gold ~ +5.10%

Bitcoin vs Gold from the last 6 months; This period was fantastic for your Bitcoin investment, but very disappointing for you Gold investment.

Bitcoin ~ +40.65%
Gold ~ +3.10%

The chances of that order getting filled is 50% at this point as the price can go up or down at any moment. I think the chances of seeing the price come down to around $350 is even a little bit higher than seeing the price go up to around $390.

The current price is not very low.... If it was very low, then we wouldn't see the price stay long below $400 like now. People at this point don't know what to do or think. Many were expecting the price to rocket up at the beginning of this year, but it didn't happen. It will cost time before we leave this behind. Patience will be the key here. Those who have enough patience to wait it out will benefit, the others who don't, will end up buying at a premium.

Their market share of the total network power is just 1.2% according to the article. That may be a reason for the lower invested money. I am fairly sure that if a large Chinese pool would do the same, then they would surely come close to their target or they collect even more than that.

Bitcoin is semi-anonymous.

I already know exchanges include all the information of me within the transactions, that's why I simply use a mixer to get fresh coins in return. It's just a nonsense action if this plan turns out to be reality at some point. Let them also focus on pawn shops where people can easily sell physical gold and walk out the store with thousands of fiat in a matter of 5 minutes.

I think it's a matter of 2 or 3 months before we see the price gain ground to higher than the $450 level. A lot people have bought their coins around $400 so they have no other option than waiting for the price to go higher than that level.

Break out? Not really. I think we'll keep bouncing between the well known $360-$410 levels for some time.


I think the price crash from $500 in november was mainly caused because of the MMM coins being dumped, so I'm not really worried about this. But if..... If these coins haven't been dumped yet, then yes, we can expect the price to tank even more.

It's funny that they put time and effort in updating their UI while their site has been known for being buggy and showing incorrect data. These bugs have been there since the very beginning and still nothing has been done to fix them. I will wait till the beta version has some decent updates so I won't be annoyed by any errors in their UI.

Mostly this.

Also, there has nothing for Satoshi left to be done for the community or the software itself. I would want him to return once to know what he thinks about the current nonsense block size issue. That would be nice, but I don't think it will happen.

I do expect some action in the markets this week pushing the price closer to $400 again, but after that it will probably come down again to around $380 as we have seen happening plenty of times already. We need to be 1 or 2 months away from the block halving to see some positive effect on the price.

Let them sell. Perhaps that will cause the Bitcoin spread to be much better and more fair. Instead of 1 person with thousands of coins, there will be 50-100 people holding these coins. It's just big talk. Action speaks louder than words!

Bump.

People who don't think Bitcoin will be a future currency or when they simply don't like it enough, they just stay here for the signature campaigns to earn some bucks. Just look at the newbies who are joining as their first posts are 'Where can I join a signature campaign?' & 'How to earn money quick?' etc.

If they openly admit that they suck at communicating with the outside world, then they shouldn't talk at all in public. I want them to come up with a solution that suits us all instead of keeping talking about stuff we already know. People have been waiting long enough, isn't it?

I have seen a lot people turn from ultra bullish to just bullish on the edge of being bearish lately. There were a lot people posting stuff like the price will rise to $1000 and even $2000 after the block halving. These people lowered their tone significantly.

Core developers should put some action to their words and come up with the update people are waiting for. If the adoption of the Classic client gets wide support, then any alternative can gain ground at some point in the future. Is this really what we want?

If this is indeed a bear market, then it definitely isn't new. This has been going on for the past few weeks. I am curious to find out where it will settle before recovering. My guess is somewhere in the range of $340-$350.

China doesn't care much about the issues we are facing here. They have basically the control in their hands as they rule the majority of the hashpower. They support the core client and will patiently wait for an agreement.

I am a strong supporter of everything that helps these people move forward with their life with as little poverty as possible. Bitcoin is already being a solid currency for these people, but it can be even better if there are several Bitcoin related ATM's placed in popular places in for example Africa, South Armerica and so on. People must be able to convert Bitcoin into their local currency back and forth without hassle.

The 5 mentioned uses in third world countries are nothing special as much more can be achieved with better planning and a bit more effort. But if I have to choose one of 5 options, I like usecase 3 the most.