People are getting bored and posting is down to a minimum. There's talk of death and the usual trolling.
Indeed as I was checking last replies to my post and hadn't returned for a long time, not seeing this topic within the top 5 got me wondering if it had been deleted, locked or whatever. Now I see it's just boredom. Time for action, I guess, as you said
Yes, a little price action in either direction could wake up a few dormant accounts.
In terms of overall bitcoin developments, however, we are not really hurt by price stability in this most recent $560 to $620 range.
If we look at bitcoin's recent price history. We can recognize a downtrend in prices (after the late 2013 peak) between late 2013 until late 2014, then a kind of 8-10 month stability (with further tests of downward prices) for a large part of 2015 largely in the $225 to $275 range. Then, the upward prices came thereafter, with an upward breakout to $500 in early November 2015.
Then largely stability of prices in the $360 to $460 range for almost six months between late 2015 and May 2016. A May/June 2016 breakout to upper $700s, and a fairly drawn out correction back into the lower $600 (for about 3 months, so far) that seems to have placed us in this current $560 to $620 range for about the past 2.5 months.
My sense is that the odds of prices breaking to the upside remains a bit stronger than breaking to the downside, when we finally break out of this current price range. Sure there could be some violent price moves involved with any upcoming surge, but violent price moves does not seem to be a precondition in terms of where we are at the moment - even though a year or two down the road, we may end up having BTC prices floating in the $1200 to $3000 range, and wonder why we did not buy more coins in the three digits?
Sure, there do continue to exist some bears and bitcoin naysayers who believe our upcoming BTC price break is going to the downside from here, but it still seems that the price pressures and bitcoin developments are against such predictions - especially if the prediction makers really account for a variety of bitcoin fundamentals. So those of you bears who performed additional shorts in the mid to lower $500s, and waiting for downward BTC price movements, could get r3ckt.... .
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