$220-240 range..

[Denker]

Except the two pumps we had this year this is the price range we are moving for the whole year. As long as nothing really pretty negative and unexpected happens we should have found the bottom here.
However what really bothers me is what do we need to really get up again and hold the next $300 price level?

[dragonseer]

I'm out of Bitcoin right now and am just watching things unfold. If it stays in this range, and there is clarity with the XT/Blocksize debate, then I would buy back in. But I can't see a reason for it to rally in the short term, and if it does creep up I'd be wary of a quick pump and dump. Another reason to hold off from buying right now is the upcoming Agora Marketplace closure. The site has given due notice but when it goes down many people could cash out as there is one less reason to use Bitcoin. This darknet site operated a huge economy, worked efficiently (the now defunct Silk Road had little if any buyer protection for example, but Agora is excellent in this regard) and people are wary of alternatives, rightfully so.

[notme]

I'm out of Bitcoin right now and am just watching things unfold. If it stays in this range, and there is clarity with the XT/Blocksize debate, then I would buy back in. But I can't see a reason for it to rally in the short term, and if it does creep up I'd be wary of a quick pump and dump. Another reason to hold off from buying right now is the upcoming Agora Marketplace closure. The site has given due notice but when it goes down many people could cash out as there is one less reason to use Bitcoin. This darknet site operated a huge economy, worked efficiently (the now defunct Silk Road had little if any buyer protection for example, but Agora is excellent in this regard) and people are wary of alternatives, rightfully so.

Silk road had escrow.  What does Agora have that is different?

[dragonseer]

I'm out of Bitcoin right now and am just watching things unfold. If it stays in this range, and there is clarity with the XT/Blocksize debate, then I would buy back in. But I can't see a reason for it to rally in the short term, and if it does creep up I'd be wary of a quick pump and dump. Another reason to hold off from buying right now is the upcoming Agora Marketplace closure. The site has given due notice but when it goes down many people could cash out as there is one less reason to use Bitcoin. This darknet site operated a huge economy, worked efficiently (the now defunct Silk Road had little if any buyer protection for example, but Agora is excellent in this regard) and people are wary of alternatives, rightfully so.

Silk road had escrow.  What does Agora have that is different?

By the time I checked out Silk Road, escrow had been removed, and newcomers ran the risk of being ripped off by using it.

[lokos1913a]

$238 rangers security?

[Monopoly]

$238 rangers security?

No this price is like silence before storm .......waiting and don't any action ...... bad news are coming ......

[Nagle]

A bit narrow.  $225 ± 25 is more like it. The price has been in that range for most of 2015. When it got outside of that range, it came back. There was a bubble during July and early August, but it popped.

[pitham1]

A bit narrow.  $225 ± 25 is more like it. The price has been in that range for most of 2015. When it got outside of that range, it came back. There was a bubble during July and early August, but it popped.

The floor was tested in late August too. Thankfully, it rebounded.
If the price had stayed below $200, a lot more people would have lost faith in bitcoins.

[Franciem]

$238 rangers security?

may be yes,, that very huge sell wall

[OBAViJEST]

C'mon people, you really think Bitcoin isn't gonna rebound? It hasn't failed in the past, why now? Because of XT bullshit? HOLD!

[Franciem]

C'mon people, you really think Bitcoin isn't gonna rebound? It hasn't failed in the past, why now? Because of XT bullshit? HOLD!

Im trust and sure rebound  will come
bitcoin will be reach 300$ again

[zimmah]

C'mon people, you really think Bitcoin isn't gonna rebound? It hasn't failed in the past, why now? Because of XT bullshit? HOLD!

yup, just use the time to buy cheap bitcoin.

[dinda22]

Holds VERY strongly here.. very strongly..

Perhaps time to buy some coins eh..

yaps I still hold it until now, been one month I did not sell my bitcoin. I am sure this will soon rise 

[irfan01]

bitcoin price stands at $ 220-240, maybe this will take place with quite a long time

[Franciem]

bitcoin price stands at $ 220-240, maybe this will take place with quite a long time

not long need only 1-2months

[asuryan180]

Bitcoin needs to decide if the holy grail is transactional value or store of wealth. And it needs to acknowledge that it is base settlement layer, and allow the ecosystem to grow atop it, instead of being able to pay with btc at starbucks. An emergence from this identity crisis is what is needed.

[dragonseer]

Bitcoin needs to decide if the holy grail is transactional value or store of wealth. And it needs to acknowledge that it is base settlement layer, and allow the ecosystem to grow atop it, instead of being able to pay with btc at starbucks. An emergence from this identity crisis is what is needed.

I agree. I think it's better to let Bitcoin take care of larger transactions and let some fast confirming alts take care of small everyday transactions. For example, I don't mind waiting 30 minutes for secure confirmation if I'm booking a holiday, or buying a car. But to buy coffee with Bitcoin means you need some third party to basically 'insure' that the transaction is genuine before it is approved by the blockchain so it appears seamless, so it's like inviting Paypal or Visa to the party.

Since my last post in this thread, I've re-evaulated my position. I've been a part of this drama too long to stand on the sidelines, so I'm back in the 1 BTC club.



I think we can see the August dump as a devaluation due to the forking debate, and that's exactly where we are at now. It's also easy to see the support at $200, so it's pretty stingy to look for cheaper coins in the next short while. Bitcoin may come out of the upcoming September 10 Consensus conference looking good, while the Agora closure may end up being a benefit if detractors want to say that the price is being propped up or sustained by illicit drug transactions.

[Monopoly]

C'mon people, you really think Bitcoin isn't gonna rebound? It hasn't failed in the past, why now? Because of XT bullshit? HOLD!

I fear from people fear not Xt nodes ......... Bitcoin community Has broken

[bajing]

C'mon people, you really think Bitcoin isn't gonna rebound? It hasn't failed in the past, why now? Because of XT bullshit? HOLD!

yes i know xT is nothing, i believe bitcoin will rebound, that's why i'm sell my coin in cheap price

[randy8777]

bitcoin price stands at $ 220-240, maybe this will take place with quite a long time

not long need only 1-2months

for most people waiting 1 month is way too long. they want the price to peak every week. they don't seem to realize that we're not in 2012/very early 2013 anymore.