The Price

[tazman2150]

First of all i ain't no troll and hope and want the value of Bitcoin to go up because we all know that will lead to more interest, Investment and more adoption. But you know how when people say the price is going side ways or crashing and then other people say what you talking about? The price is way above what it was this time last year. Well that is true but what happens after about November? Because that's when the price shot up to the level we are at today, I know the price went way up by that and then crashed and from there has settled at where we are at today around the $600 mark, But from here where do we go?

[okthen]

First of all i ain't no troll and hope and want the value of Bitcoin to go up because we all know that will lead to more interest, Investment and more adoption. But you know how when people say the price is going side ways or crashing and then other people say what you talking about? The price is way above what it was this time last year. Well that is true but what happens after about November? Because that's when the price shot up to the level we are at today, I know the price went way up by that and then crashed and from there and has settled at where we are at today around the $600 mark but, But from here where do we go?

Well, all the TA around indicated we're in a consolidation period. So a bit of sideways motion might expect us. But the way is up, there are not many bad news around (no China fud), the auction is over, and many big names are getting in/talking about getting in.
We just need one more piece if great news and then it will be a snowball effect... Except upwards

[Febo]

It is last time price finally stabilize. BTC will just raise 3% per year from now on. That will do miracles on Bitcoin. People just love stability.

[OnkelPaul]

No, we're absolutely not there yet - the current "stability" is basically an "undecided" phase within the speculative phase.
As long as bitcoin isn't an established mechanism for financial transactions, it's price will vary wildly, driven by speculation. However, if and when we get into a phase of true price stability and wide adoption of bitcoin, its price will be much higher than today because it otherwise couldn't hold the liquidity in real value that's required to support the transaction volume.

Onkel Paul

[zimmah]

First of all i ain't no troll and hope and want the value of Bitcoin to go up because we all know that will lead to more interest, Investment and more adoption. But you know how when people say the price is going side ways or crashing and then other people say what you talking about? The price is way above what it was this time last year. Well that is true but what happens after about November? Because that's when the price shot up to the level we are at today, I know the price went way up by that and then crashed and from there has settled at where we are at today around the $600 mark, But from here where do we go?

just have patience, look at charts from 2 years ago and if you look carefully you see a pattern.

Bitcoin growth during a period of 1 or 2 months and growth exponentially during these times, than the following 6 months or so it moves horizontally or diagonally downwards (linear).