IggySe7ven (OP)
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June 26, 2013, 06:03:21 PM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
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desert_beagle
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June 26, 2013, 06:33:06 PM |
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Most likely because little new fiat money is coming in. Same people buying/selling.
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atlosas
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June 26, 2013, 06:36:18 PM |
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It has do with psychology too. 100 is "magic number".
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Peter Lambert
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June 26, 2013, 06:39:33 PM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
See what happened is a few months ago the price was at about 10, and the market decided that was too cheap and so it started rising. Nobody knows what the price of a bitcoin will be in the future, so the current price will continue until something interesting happens. |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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Felipeo
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EOSABC
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June 26, 2013, 10:45:57 PM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
Bitcoin need more user now, and some marketing action like "PayPal is accepting Bitcoins" IMO |
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Tonko
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June 27, 2013, 02:10:15 AM |
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Well, you bought DVD burner, maybe some Reddit crap with it and now what you gonna do with it?
So why buy it?
You may as well use fiat on Amazon.
The whole thing is bullshit for kids anyway. Not ideally or technically, just when it comes to the real life.
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tiberiandusk
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June 27, 2013, 02:15:59 AM |
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*Tinfoil hat on*
It's that guy who wanted to peg Bitcoin to $100.
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Bitcoin Roll
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June 27, 2013, 02:31:12 AM |
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Well, you bought DVD burner, maybe some Reddit crap with it and now what you gonna do with it?
So why buy it?
You may as well use fiat on Amazon.
The whole thing is bullshit for kids anyway. Not ideally or technically, just when it comes to the real life.
Henry Ford said the same thing about cars that were different than the model-t, but he changed his mind after the public spoke. The public bought GM instead of the model-t because they represented freedom of choice and the future. Before you talk bad about bitcoin check your history, than share an opinion that has credibility instead of vulgarity. |
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Epoch
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June 27, 2013, 02:35:44 AM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
Are you sure it's not increasing: 16 months ago: $4 12 months ago: $6 8 months ago: $10 4 months ago: $35 today: $100 It all depends on your perspective, doesn't it? |
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notme
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June 27, 2013, 03:40:46 AM |
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*Tinfoil hat on*
It's that guy who wanted to peg Bitcoin to $100.
Max Keiser? |
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culexevilman
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Bitcoin is too valuable to be used as a currency
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June 27, 2013, 07:30:36 AM |
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well, I guess you should be glad its not up yet and buy in while you can.
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Kake
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June 27, 2013, 09:57:42 AM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
Bitcoin is scheduled to trade in a narrow range of 102 to 108 dollars until September. From September until January it will gradually increase reaching a high of about 118. That is why I am holding strong to my bitcoins till then. The 2014 schedule has not been decided yet. lol, what's your source? |
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donjonson
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June 27, 2013, 01:04:41 PM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
Are you sure it's not increasing: 16 months ago: $4 12 months ago: $6 8 months ago: $10 4 months ago: $35 today: $100 It all depends on your perspective, doesn't it? A nice but mainly a TRUE perspective. |
I'm just a simple guy swimming in a sea of sharks.
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Rygon
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June 27, 2013, 01:33:18 PM |
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Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
Bitcoin need more user now, and some marketing action like "PayPal is accepting Bitcoins" IMO Na, Paypal is busy working on irrelevant projects, like interplanetary payments: http://www.myfoxny.com/Story/22701675/paypal-looks-to-conquer-space-paymentsPretty sure bitcoin is better suited for this application also, lol. |
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N12
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June 27, 2013, 01:45:23 PM |
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Because we have had a massive media supported bubble, and are still in the process of deflating it.
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tom_o
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June 27, 2013, 06:24:01 PM |
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It was in one of those articles about stuff the NSA does. If you can understand it it is in the MtGox source code.
omg insider trading wtf  Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?
Bitcoin need more user now, and some marketing action like "PayPal is accepting Bitcoins" IMO Na, Paypal is busy working on irrelevant projects, like interplanetary payments: http://www.myfoxny.com/Story/22701675/paypal-looks-to-conquer-space-paymentsPretty sure bitcoin is better suited for this application also, lol. Depends if the latencies are too high, wouldn't want to try mining up there, even with the great solar power you could get. |
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jamesc760
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June 27, 2013, 09:41:28 PM |
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I get interested in bitcoin in early May'2013, so I am a late-comer here, been doing lots of research, built a couple of mining rigs with 4 GPU's, getting around 1.5 Gh/s, seen the value of btc fall from $140 to $120 to $100 currently. Yes, over the long term the value has gone up from $2(?) a year or so ago; however, the short term trend right now is slow falling.
Simply, there are too many coins for sale. Probably the ASIC mfg/holders need liquidity, so they are dumping coins as fast as they mine them.
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legitnick
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June 28, 2013, 04:16:27 PM |
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It was steady around 13$ for months before, the same thing will happen until we see massive growth, again.
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justusranvier
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June 28, 2013, 04:24:51 PM |
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It's not going up because Zhoutonged hasn't made any new videos recently.
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AliceWonder
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June 28, 2013, 04:27:32 PM |
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Most likely because little new fiat money is coming in. Same people buying/selling.
Once the FinCEN thing settles down and it becomes easier to aquire bitcoin in the United States prices will go up. https://billpayforcoins.com/index.phpServices like that, assuming they survive and aren't shut down due to paperwork issues, will help make bitcoin a viable option in the United States and more mom & pop type businesses will start accepting bitcoin payment - peaking the curiosity of their customers and thus increasing demand. |
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