Anyone bored of the market price action?

[kokojie]

I feel as if BTC price haven't made any large move for ages, and just moving in a small range. Nowadays ASICMiner shares and LTC/PPC gave me more excitement.

[ElectricMucus]

XRP has been pretty volitale too lately.  This is no coincidence, and it's self enforcing as people trade other stuff more frequently then.
They'll be back, give it a week or two.

[Spekulatius]

Its actually quite interesting right now, either break 100 and start a rally for new price discovery, leaving the bubble burst behind us or breaking 88 and going down to knock on 70.

Both ways should be taken quickly once triggered.

[ElectricMucus]

Using candle bodies to derive trend lines again?
I thought we already settled that this is only applicable if there are multiple candle bodies, and with just two it's arbitrary.

[Spekulatius]

Using candle bodies to derive trend lines again?

And still being trendy

[Nemo1024]

*Playing dumb* 100? The prices today fluctuated between 87 and 85 (on Bitstamp).

But, yeah, it was boring.

[MoreFun]

Bitstamp is 8.5k BTC away from 100 and 65. Curious what will happen first...

[abdullahadam]

Boring is stable.  Stable is good.

[MAbtc]

Boring is stable.  Stable is good.

A few days of narrow trading range doesn't really indiciate stability at all.

[wonkytonky]

no worries.  big guys are pushing price  up with wall's... ..  enough said

[notme]

Stable is good.

Stable is not good.  According to merchant reports, more bitcoin is spent when it is falling or rising than when price is stagnant.  Falling prices encourage people to spend because they fear further loss.  Rising prices encourage people to spend due to the wealth effect and the nagging feeling that price is bubbling.

Sure, in some magical fairy tale land where you can spend bitcoin everywhere we might be able to cheer bitcoin for being a stable currency.  But that fairy tale scenario will create stability.  Stability won't bring us to that fairy tale.  The road to mainstream bitcoin is going to be bumpy, but that's how people stay interested.