Can someone explain how the price is so stable all of a sudden?

[anth0ny]

I think a good portion of the volatility the market experiences is due to amateur traders who still think this is a fully under ground internet play thing that they can go in and out of, take profits, buy, sell, whatever with no accounting or concern for tax obligations or reporting of any kind.  I think an awareness of these sorts of obligations to accounting dampen volatility a bit in typical financial markets.

it is legal in Slovenia capital gains are Tax free, speculation on an asset/stock is legal as long as you can prove the logs and source on income, I am thankful that I live here

In the US, the long term (> 1 year) capital gains rate is 0% for most people.

[Obi-Wan Coinobi]

I fully expect some of you guys who are short term trading/day trading bitcoin, especially in the US, to be well and truly fucked over by the IRS as they catch up and issue guidance on taxing bitcoin.  I seriously hope you guys are keeping good records.  

Well thank you for your concern. Your "hope" has been noted.

[lemfuture]

i was expecting a panic sell thx to gox fiasco but meh :L

[lemfuture]

I fully expect some of you guys who are short term trading/day trading bitcoin, especially in the US, to be well and truly fucked over by the IRS as they catch up and issue guidance on taxing bitcoin.  I seriously hope you guys are keeping good records.  

Well thank you for your concern. Your "hope" has been noted.

just tell to irs, we got "goxed"   

[cbutters]

i was expecting a panic sell thx to gox fiasco but meh :L

Gox has already brought the market down from 800 to 400... not much more they could do.. damage has been done.... and might dip even just a bit further. We will see some better action once we break out horizontally of the downward trend lines.

[MatTheCat]

Since we have the 4hr MacD, threatening to hit a crossover, and since we have not yet had any meaningful correction from a whopping $400 - $610 recovery, my money is on $550 being broken to downside.

With all that in mind, Bitcoin @ 578 (right now) could yet be a cracking short trade, being sure to keep a close eye on how Bitcoin reacts and bounces of the $500 range.

the 4hr MACD is almost there, but RSI is not.  We need another push to get RSI into overbought IMHO, then both RSI/MACD will be confirmed. Say, 580-600 again, followed by a pullback.

Looking a total cert now though.

This sucker is going down!