Why are BTC prices not moving ?

[roslinpl]

All Aboard!!!

The one on the right is way hotter than left

I agree.. that guy is not hot at all!

Yep But girls seems ok

[griffinriz]

Are you happy now?you cant complain about prices anymore.

[darkmule]

I'd guess that because except for a few fervent denialists, the market already reacted to Gox's obvious insolvency weeks ago.

[griffinriz]

Are you happy now?you cant complain about prices anymore.

Still not down to where I feel comfortable buying 100.

Dont be greedy,Buy now

[roslinpl]

Are you happy now?you cant complain about prices anymore.

Still not down to where I feel comfortable buying 100.

Dont be greedy,Buy now

:-) it might be never cheaper :-) that is a true indeed

[CurbsideProphet]

Are you happy now?you cant complain about prices anymore.

Still not down to where I feel comfortable buying 100.

Dont be greedy,Buy now

I do have some. Buying 100 right now would require putting my eggs in too few baskets, though.

If I could somehow invest in "some distributed virtual currency either now in existence or yet to be created", I might be willing to go all in. Even then you've still got one of the biggest risks - that governments come in and somehow declare virtual currencies utterly illegal.

I think the ship has sailed on any major government declaring Bitcoin illegal.  Most have weighed in and have said it is legal but they want certain aspects to be regulated.  Could things change?  Sure, but it seems unlikely.

[bcmine]

moving to where? to the northpol or southpol?

[kutaka]

Yeah, your post was well worth necroing this thread

[Hamuki]

We just need to get sites like Amazon and other big sites to start accepting Crypto Currency!

That will give us a higher price!

[polynesia]

We just need to get sites like Amazon and other big sites to start accepting Crypto Currency!

That will give us a higher price!

Merchant adoption usually results in downward pressure during the short term. 

[Mobius]

We just need to get sites like Amazon and other big sites to start accepting Crypto Currency!

That will give us a higher price!

Merchant adoption usually results in downward pressure during the short term. 

I would disagree. It is correct that many merchants convert their BTC revenue to fiat as soon as they receive it, however before someone can spend BTC at amazon for example they first need to purchase BTC either from a trader, or on an exchange. This creates upward pressure on the price.

Additionally IMO, it is unlikely that someone would buy the exact amount of BTC that they want to spend at amazon for example, they would likely buy more then the total purchase price so they end up with additional bitcoin then they started with (none) after their purchase. This creates a net positive effect on price.

Another point is that when big merchants announce they are accepting bitcoin, it often makes the news, creating additional awareness about bitcoin, and potentially getting additional people to buy bitcoin and spend it places that would not convert it to fiat right away.

[sandykho47]

Because there aren't very good news about bitcoin / nobody want to pump up the price 

We just need to get sites like Amazon and other big sites to start accepting Crypto Currency!

That will give us a higher price!

Merchant adoption usually results in downward pressure during the short term. 

That's right, i would be happy