Price has flatlined at $120

[bonker]

Where is the volatility? What's up? has BTC reached the mature  and stable status of the Swiss Franc? Where's the chop? My bots are bored!!

[swordfish6975]

Yes for now...

[empoweoqwj]

yes is a bit boring this stability lark 

we can't have our cake and eat it though. boring if stable, everyone moans if volatile.

A nice steady climb would be ideal but we don't live in an ideal world.

Maybe another banking crisis looms?

[bonker]

yes is a bit boring this stability lark 

we can't have our cake and eat it though. boring if stable, everyone moans if volatile.

A nice steady climb would be ideal but we don't live in an ideal world.

Maybe another banking crisis looms?

I agree, it's a case of waiting for the next inevitable banking crisis to push BTC back up. Then the inevitable, tedious, last minute crisis bailout with the accompanying media circus..

[jdbtracker]

We have no choice then, we must create a financial event  to manipulate the world markets for Bitcoins sake.

a finely veiled attack against fiat and how it is used to buy drugs in murky street corners.

we could as well propagate the Money laundering risk of fiat, and how it makes it's users anonymous.

All that free floating faceless cash!

[iikun]

We have no choice then, we must create a financial event  to manipulate the world markets for Bitcoins sake.

+10

a finely veiled attack against fiat and how it is used to buy drugs in murky street corners.

Just think of the crime fighting properties of Bitcoin..  Having a dealer lurking in an ally waiting for 3+ confirmations on dimebag payments gives the police those extra few minutes to catch him! 

[smoothie]

In this time of stability in the price of bitcoin, take a minute to think about how we got here and where we can from in terms of price.

Even in the shortest time frame you can say we spiked up and then leveled off....usually a sign of another spike up or as Cypher would call a "GRIND" up.

[runam0k]

Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it.

[Miz4r]

Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it.

Quoted. Will get back to this post in a year from now.

[smoothie]

Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it.

Okay sell all your BTC, delete your forum account and then return if it is $65.

No point posting on this forum right with that call lol

[crazy_rabbit]

Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it.

If thats the case, I'll buy it off you for $70 right now. You'll be making a great profit.

[noedaRDH]

It's going to stay at 120 forever......

[BitcoinAshley]

Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it.

Quoted. Will get back to this post in a year from now.

He is a "junior member" with 64 posts. I don't think he realizes that there are dozens of calls like this from 2010, '11, '12 that are pulled back up from time to time and laughed at. Last year around this time, people were predicting $14 BTC in early 2013.

[Abandon]

Perhaps this will show what's going on some. .

[Zaih]

It's gonna burst 

[jdbtracker]

depends on volume of transactions, it's sitting pretty quiet right now 14k transactions lately... the migration form mtgox has happened.

Time to corral the newbs, they're scared of mtgox, don't know where to exchange, time to come to Canada.

where are they going to exchange their hard earned cash for BTC? well have to see, U.S citizens are limited but the rest of the world isn't so just look for another exchange, They can still trade at mtgox but do you think the US government would go after all the millions of users of mtgox? I don't think so, it would set a precedent,  better to just flood all the exchanges and go ahead without fear.

would any of you fund a known btc case from a regular usar to oppose an inustice of that nature if it happened? I know I would I'd send a couple hundred bucks for legal fees, help them first before they get to me.

[Elwar]

My bots are bored!!

Ya, nobody wants to borrow my BTC to short when the price is not moving.

It may crash any second, borrow at a high interest rate while you still can!

[True___Blue]

This! We need this ---> http://youtu.be/dlPs10GSJjQ?t=2h35m50s

P.S. I don't buy into to everything in these movies, but think this end piece about rejecting fiat is great.

[SGExodus]

Daily transaction volume is pretty low even after adding up mtgox, btc-e, btcchina and bitstamp, they don't add up to the daily transaction volume that Mtgox used to get.

[empoweoqwj]

Daily transaction volume is pretty low even after adding up mtgox, btc-e, btcchina and bitstamp, they don't add up to the daily transaction volume that Mtgox used to get.

That's very true - but given the stagnant price, very little point in trading and not much new money coming in. People are just waiting for the next move, or news. Might actually be good to consolidate for a while, and get some of the bitcoin infrastructure built out, get some stability in, and lose the clown exchanges with 20-minute delay times when things got busy. The price would be very different now if people flooding into bitcoin recently weren't forced to buy on a clown exchange. Not a great "first experience" was it.