Good press everywhere. Yet the price stays the same...

[windjc]

Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.

Lol. Your really reaching now.

[windjc]

Good news don't make bitcoin skyrocket, it's the upward pressure that does.
Meaning that buyer pressure is higher than seller pressure, and this comes from extra fiat entering the exchanges, and less coins being sold, hoping for higher prices.
That extra fiat comes mostly from increased notoriety and good news, but now it's slowing down, and soon seller pressure will get stronger.

You've been saying this for weeks.

[Bobsurplus]

This thread is absurd, I've turned my $14 bitcoins into $800+ and am happy as hell.. who cares if it drops to $500/$600/$700/$800 and sits there for a while.. were all going to be the new super wealthy anyway. It takes time for something as revolutionary as bitcoin to find its place in the WORLD.  In the mean time, for all you who are complaining why don't you just sell ME your bitcoin and you can go buy some stocks or bonds, or GIC's instead.

 

[kolesozw]

So you suggest we change the unit of currency every time we have a major price change relative to fiat? Seriously? So it increases 100x and we all have to convert all software / hardware wallets / articles to mBTC, and then it drops 10x and we revert back to BTC, and then it increases again, and we go back to mBTC, and increases yet again, and we have to go to an as yet unnamed yet for 1/10000 of a bitcoin.

Or we could just leave and use decimal points. I'd love a pint of beer for 0.00001 BTC in the future, sounds so amazingly cheap

People are not used for amounts like 0.00001 or 0.00000258, I mean for the average person it must be lot confusing

[Reece523]

Many of us who weren't as fortunate as you should celebrate the lower prices which are allowing us to buy far more than we would otherwise be able to. My bank is offering 2% annual on their GICs... I think I'll pass LOL.

This thread is absurd, I've turned my $14 bitcoins into $800+ and am happy as hell.. who cares if it drops to $500/$600/$700/$800 and sits there for a while.. were all going to be the new super wealthy anyway. It takes time for something as revolutionary as bitcoin to find its place in the WORLD.  In the mean time, for all you who are complaining why don't you just sell ME your bitcoin and you can go buy some stocks or bonds, or GIC's instead.

 

[Bobsurplus]

Many of us who weren't as fortunate as you should celebrate the lower prices which are allowing us to buy far more than we would otherwise be able to. My bank is offering 2% annual on their GICs... I think I'll pass LOL.

This thread is absurd, I've turned my $14 bitcoins into $800+ and am happy as hell.. who cares if it drops to $500/$600/$700/$800 and sits there for a while.. were all going to be the new super wealthy anyway. It takes time for something as revolutionary as bitcoin to find its place in the WORLD.  In the mean time, for all you who are complaining why don't you just sell ME your bitcoin and you can go buy some stocks or bonds, or GIC's instead.

 

I feel you, but still, even if you're down a bit you're still good.. I may be lucky but I've lived through these times already and I know whats to come.. Just relax, forget about the coins for a bit and before you know it they'll be worth double.

[CoinGeneral]

I say the fees have to change to being nearly free and not $.10 per transaction

[amencon]

But in order for that to happen, there would have to be a lack of available coins right?

How will there ever be a lack of available coins when you can divide to the "millionths" ?

Divisibility doesn't destroy scarcity.

People have had the same feelings as you about sustainability and growth potential at every level of bitcoin price.  You feel like the price is too high and demand in the future won't ever support higher prices.  You aren't bringing much to the discussion beyond that and you've already reiterated this feeling of yours all over the place. 

The truth is nobody knows what will happen, but if sufficiently more people use or perceive value in bitcoin the price will rise, if not it won't.  There is no hard ceiling at the $1000 level.  Also price has never closely followed every piece of positive or negative news up and down.

[co5hike]

I say the fees have to change to being nearly free and not $.10 per transaction

It really matters only for micro transactions. About $.10 cost me one SMS

[hd060053]

wait for the next euro-crisis (like cyprus) and it will skyrocket to 10x acutal prize or more.

the cirsis will come 2014 or 2015, stock markets will crash, banks will bail in customers money.


i will quote this post when it happens.

[jeppe]

It will take a month till the next rise, up to 2k max before the next fall

[stompix]

wait for the next euro-crisis (like cyprus) and it will skyrocket to 10x acutal prize or more.

the cirsis will come 2014 or 2015, stock markets will crash, banks will bail in customers money.


i will quote this post when it happens.

The problem with those crashes that everyone is waiting so anxious about is that bitcoin will also get toasted in the process.
If those banks that bail in have also the exchangers money you'll see a collapse of the bitcoin economy also.
And , a euro-crisis , again , will bring unemployment , wages cut , people going out of business , is that what you want?

[meanig]

wait for the next euro-crisis (like cyprus) and it will skyrocket to 10x acutal prize or more.

the cirsis will come 2014 or 2015, stock markets will crash, banks will bail in customers money.


i will quote this post when it happens.

The problem with those crashes that everyone is waiting so anxious about is that bitcoin will also get toasted in the process.
If those banks that bail in have also the exchangers money you'll see a collapse of the bitcoin economy also.
And , a euro-crisis , again , will bring unemployment , wages cut , people going out of business , is that what you want?

I'm sure that isn't what he wants but it's going happen to anyway.

[BitChick]

Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.

This is exactly what I have been thinking.

The consensus among many on the board is that we are well over the trend line of the predicted adoption curve.  That usually leads to a "crash" or "correction" or whatever you want to call it.  The fact that we are staying within a good range around 800 to 900 shows some healthy support.  This is during the holidays as well.  Many people need cash right about now, so it would be expected that the price would drop again.

Each day that the price does not drop is a really healthy sign in my opinion.  The news is just keeping things humming along I believe.

I do think that January we will seem some gains.  Maybe even the week after Christmas.  Second Market is offering some discount on fees for anyone buying in before the end of 2013.  Some might be waiting until the end of the year to do that.  They don't want their funds tied up very long and are just waiting, but that is a guess on my behalf.

I am really looking forward to 2013 for many reasons.    I invested later than many of you so the rewards you are already reaping will not be realized for hubby and I until next year.  Don't get me wrong, I am still pleased with our investment so far, but I could not go out an buy a Tesla or mansion in Vegas yet!   (not that I really want either of those anyways!)

[GriTBitS]

The price is being pushed down, meanwhile it is being acquired!!! Trading bot formulas are designed to accumulate shares/ or bitcoin without increasing the price to crazy levels, You can buy options on bitcoin so to go in with 5000k or 500 orders the price would shoot up and ppl would jump on the trend and price would fly. So do do this you sell .00000001 at a lower cost(take loss)over and over and over to keep the price down to a level above support. then you buy back more then you sold from bearish sellers. It's easier to do with bitcoin than with stocks because its so divisible. and costs little to sell. You can do the same thing in the reverse buy agreeing to buy .00000001 for more then its worth over and over and over! Its easy to do when you have multi million dollar black box that is trading for you on an exchange in china that doesn't charge commissions on trades... Thats why you see the charts so smooth. So quit worrying about the price and trying to get rich a week after you bought your coins... You should probably sell and pay back the loan you took out to buy the coins, or pay that visa off that you used at coinbase!

[empoweoqwj]

Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.

This is exactly what I have been thinking.

The consensus among many on the board is that we are well over the trend line of the predicted adoption curve.  That usually leads to a "crash" or "correction" or whatever you want to call it.  The fact that we are staying within a good range around 800 to 900 shows some healthy support.  This is during the holidays as well.  Many people need cash right about now, so it would be expected that the price would drop again.

Each day that the price does not drop is a really healthy sign in my opinion.  The news is just keeping things humming along I believe.

I do think that January we will seem some gains.  Maybe even the week after Christmas.  Second Market is offering some discount on fees for anyone buying in before the end of 2013.  Some might be waiting until the end of the year to do that.  They don't want their funds tied up very long and are just waiting, but that is a guess on my behalf.

I am really looking forward to 2013 for many reasons.    I invested later than many of you so the rewards you are already reaping will not be realized for hubby and I until next year.  Don't get me wrong, I am still pleased with our investment so far, but I could not go out an buy a Tesla or mansion in Vegas yet!   (not that I really want either of those anyways!)

You are really looking forward to 2013? Have you been hibernating for 11 1/2 months? :-)

[pand70]

Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.

This is exactly what I have been thinking.

After a meteoric rise it is normal for people to need some time to understand that the party is over. Dont take me wrong i don't mean that bitcoin is over, only the 10x/month rise.

[BitChick]

Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.

This is exactly what I have been thinking.

The consensus among many on the board is that we are well over the trend line of the predicted adoption curve.  That usually leads to a "crash" or "correction" or whatever you want to call it.  The fact that we are staying within a good range around 800 to 900 shows some healthy support.  This is during the holidays as well.  Many people need cash right about now, so it would be expected that the price would drop again.

Each day that the price does not drop is a really healthy sign in my opinion.  The news is just keeping things humming along I believe.

I do think that January we will seem some gains.  Maybe even the week after Christmas.  Second Market is offering some discount on fees for anyone buying in before the end of 2013.  Some might be waiting until the end of the year to do that.  They don't want their funds tied up very long and are just waiting, but that is a guess on my behalf.

I am really looking forward to 2013 for many reasons.    I invested later than many of you so the rewards you are already reaping will not be realized for hubby and I until next year.  Don't get me wrong, I am still pleased with our investment so far, but I could not go out an buy a Tesla or mansion in Vegas yet!   (not that I really want either of those anyways!)

You are really looking forward to 2013? Have you been hibernating for 11 1/2 months? :-)

It has been a long day.  I meant 2014

But hey,  2013 is not over yet! 

[empoweoqwj]

Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.

This is exactly what I have been thinking.

The consensus among many on the board is that we are well over the trend line of the predicted adoption curve.  That usually leads to a "crash" or "correction" or whatever you want to call it.  The fact that we are staying within a good range around 800 to 900 shows some healthy support.  This is during the holidays as well.  Many people need cash right about now, so it would be expected that the price would drop again.

Each day that the price does not drop is a really healthy sign in my opinion.  The news is just keeping things humming along I believe.

I do think that January we will seem some gains.  Maybe even the week after Christmas.  Second Market is offering some discount on fees for anyone buying in before the end of 2013.  Some might be waiting until the end of the year to do that.  They don't want their funds tied up very long and are just waiting, but that is a guess on my behalf.

I am really looking forward to 2013 for many reasons.    I invested later than many of you so the rewards you are already reaping will not be realized for hubby and I until next year.  Don't get me wrong, I am still pleased with our investment so far, but I could not go out an buy a Tesla or mansion in Vegas yet!   (not that I really want either of those anyways!)

You are really looking forward to 2013? Have you been hibernating for 11 1/2 months? :-)

It has been a long day.  I meant 2014

But hey,  2013 is not over yet! 

lol. Its been a long year in bitcoinworld. Just thought you had slept through most of it ;-)

[Operatr]

Price stability is a good thing, Im actually kinda glad its been hovering around $900 the past several days. Once the traders are convinced its not going to take a skydive they will start buying again.

There is a history of moon rocket and then plateau, just give it a bit.