The next bubble could well surprise even the early traders...

[brg444]

you might want to check this thread :

https://bitcointalk.org/index.php?topic=800330.0

[Fabrizio89]

I think we're nearing the start of another bull cycle, Dollar Index is looking toppy too.

[Hyena]

Something better be happening soon, I'm getting bored. That damn supply is killing the price I tell you hwhat. Every 10 minutes someone gets 25 bitcoins. 3600 bitcoins get dumped erry day. The demand is actually pretty good if you consider the fact that price is holding triple digits under all this selling pressure from miners. If miners were to stop selling, where would the price go?

[brg444]

Something better be happening soon, I'm getting bored. That damn supply is killing the price I tell you hwhat. Every 10 minutes someone gets 25 bitcoins. 3600 bitcoins get dumped erry day. The demand is actually pretty good if you consider the fact that price is holding triple digits under all this selling pressure from miners. If miners were to stop selling, where would the price go?

Will you people eventually stop repeating this nonsense.

No, 3600 bitcoins do not get dumped on the market everyday.

No, not all miners have to sell their mining rewards in order to keep running.

[Hyena]

Will you people eventually stop repeating this nonsense.

No, 3600 bitcoins do not get dumped on the market everyday.

No, not all miners have to sell their mining rewards in order to keep running.

So what? It's the intrinsic supply. You want be a smartass and whine about precision? Sure some won't sell but then again there are old coins that get sold. I'm referring to the order of magnitude of new coins that the network has to handle every day.

[brg444]

Will you people eventually stop repeating this nonsense.

No, 3600 bitcoins do not get dumped on the market everyday.

No, not all miners have to sell their mining rewards in order to keep running.

So what? It's the intrinsic supply. You want be a smartass and whine about precision? Sure some won't sell but then again there are old coins that get sold. I'm referring to the order of magnitude of new coins that the network has to handle every day.

Your whole post is complaining about pressure from miners selling.

I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.

Take it how you want it but I'm just saying you're barking at the wrong door.

[ensurance982]

Something better be happening soon, I'm getting bored. That damn supply is killing the price I tell you hwhat. Every 10 minutes someone gets 25 bitcoins. 3600 bitcoins get dumped erry day. The demand is actually pretty good if you consider the fact that price is holding triple digits under all this selling pressure from miners. If miners were to stop selling, where would the price go?

3600 BTC get dumped every day? Who says that this is actually true? Don't you think that at least a considerable amount of those coins are *not* liquidated? What about people buying BTC in bulk from miners, in order not to push the price up (long term acquiring phase)?

[Hyena]

Your whole post is complaining about pressure from miners selling.

I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.

Take it how you want it but I'm just saying you're barking at the wrong door.

The only one complaining is your mom. Surely the current price is the result of the miners' selling pressure because if miners didn't sell or didn't receive a single coin the price would be higher. Now you probably want to say that miners are not the only factor and I agree but you must admit that mining still generates a lot of coins out of thin air and we can never say for sure where they end up.

3600 BTC get dumped every day? Who says that this is actually true? Don't you think that at least a considerable amount of those coins are *not* liquidated? What about people buying BTC in bulk from miners, in order not to push the price up (long term acquiring phase)?

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

[uki]

Something better be happening soon, I'm getting bored. That damn supply is killing the price I tell you hwhat. Every 10 minutes someone gets 25 bitcoins. 3600 bitcoins get dumped erry day. The demand is actually pretty good if you consider the fact that price is holding triple digits under all this selling pressure from miners. If miners were to stop selling, where would the price go?

that is how horizontal markets look like. Boredom for most of the time until the pop happens. Usually most of the people get bored on the way, waiting for the pop. That is where I believe Bitcoin is right now.

[coinpr0n]

Something better be happening soon, I'm getting bored. That damn supply is killing the price I tell you hwhat. Every 10 minutes someone gets 25 bitcoins. 3600 bitcoins get dumped erry day. The demand is actually pretty good if you consider the fact that price is holding triple digits under all this selling pressure from miners. If miners were to stop selling, where would the price go?

that is how horizontal markets look like. Boredom for most of the time until the pop happens. Usually most of the people get bored on the way, waiting for the pop. That is where I believe Bitcoin is right now.

Surely I was also expecting more movement over this past week. I'm sure a jump is coming (either way) but the waiting makes it tempting to play into the boring phase too.

[calchuchesta]

Im getting loaded with btc as we speak, the big rally could start at any time now.

[ensurance982]

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation.

[zyzzbrah]

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation.

The halving is a nice price trigger but we don't really need to depend on it, other things will push the price up, it will be the sum of a lot of variables.

[ensurance982]

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation.

The halving is a nice price trigger but we don't really need to depend on it, other things will push the price up, it will be the sum of a lot of variables.

It's not as much as a trigger - the halving will be priced in well before it occurs. We may already now pricing it in slowly without even realizing it. Then again, it could push the next potential bubble way higher than otherwise (without the halving).

[Hyena]

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation.

The halving is a nice price trigger but we don't really need to depend on it, other things will push the price up, it will be the sum of a lot of variables.

It's not as much as a trigger - the halving will be priced in well before it occurs. We may already now pricing it in slowly without even realizing it. Then again, it could push the next potential bubble way higher than otherwise (without the halving).

Considering the amount of coins that can potentially be sold every day just for the sake of it, we must congratulate ourselves for even price stagnation. As long as the price doesn't decrease rapidly by orders of magnitude, time is actually our friend.

[ensurance982]

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation.

The halving is a nice price trigger but we don't really need to depend on it, other things will push the price up, it will be the sum of a lot of variables.

It's not as much as a trigger - the halving will be priced in well before it occurs. We may already now pricing it in slowly without even realizing it. Then again, it could push the next potential bubble way higher than otherwise (without the halving).

Considering the amount of coins that can potentially be sold every day just for the sake of it, we must congratulate ourselves for even price stagnation. As long as the price doesn't decrease rapidly by orders of magnitude, time is actually our friend.

Yeah, I guess you are right. I for one would like to enter a short position in a definite and clear bear market, though. And right now things seem to be as tense as never before

[ssmc2]

If Luc is right,

3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)

... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!

then OP could very well be on to something. 

[NorrisK]

Your whole post is complaining about pressure from miners selling.

I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.

Take it how you want it but I'm just saying you're barking at the wrong door.

The only one complaining is your mom. Surely the current price is the result of the miners' selling pressure because if miners didn't sell or didn't receive a single coin the price would be higher. Now you probably want to say that miners are not the only factor and I agree but you must admit that mining still generates a lot of coins out of thin air and we can never say for sure where they end up.

3600 BTC get dumped every day? Who says that this is actually true? Don't you think that at least a considerable amount of those coins are *not* liquidated? What about people buying BTC in bulk from miners, in order not to push the price up (long term acquiring phase)?

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

You need to have people selling some bitcoin ("dumping"), else there would be no volume.. Would you rather have one big green candle pointing at 1000 USD because there are no sellers between 260 and 1000 USD?

[HarHarHar9965]

Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...

It is a beautiful cycle, in its own way. People get attracted to bitcoin as the price rises and quickly invest in it, giving it even more rise. This rise keeps happening as trade expands and people seem to use bitcoin adopting the currency. The trend reversal takes place and a lot of money is poured in, the hype is important. The constant hype bitcoin gets, the better it grows, the bigger it expands!

[Wexlike]

If Luc is right,

3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)

... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!

then OP could very well be on to something. 

Do I need to mention he said "in the coming years"? He'll come back in 2020 when the price is at $1000 again and say "i told you so"

It won't stop at 1000$. If this is a "real" wave 3, and the run-up from wave 1 ended at 1200$, then we will see numbers of over 100k$ and the bull market will continue till +2020.