SEEMS LIKE LARGE BTC HOLDERS TRYING TO KEEP PRICE AROUND $800

[Miz4r]

i need a raise to $5000 then a drop to $2000, so i can make some $$$, the current market situation is bad for investment, money in bitcoin is stucked, $0 profit, even worse than the Bank saving interest

Actually during times of stability it's often a good time to buy. And wtf, the price is stable for a month or so and you start comparing bitcoin to Bank savings? Seriously sell your coins and get the hell out of here and don't come back please.

[Dalmar]

Actually during times of stability it's often a good time to buy. And wtf, the price is stable for a month or so and you start comparing bitcoin to Bank savings? Seriously sell your coins and get the hell out of here and don't come back please.

Actually in stable periods historically bitcoin always tended to slide downwards as speculators get bored of it. Only when they see high monthly/weekly returns do they all pile in again.

[Miz4r]

Actually during times of stability it's often a good time to buy. And wtf, the price is stable for a month or so and you start comparing bitcoin to Bank savings? Seriously sell your coins and get the hell out of here and don't come back please.

Actually in stable periods historically bitcoin always tended to slide downwards as speculators get bored of it. Only when they see high monthly/weekly returns do they all pile in again.

Proof please? Looking at historical data I have more often seen an increase in price after a period of stability than a decrease. Either way stability is good for bitcoin.

[banaltcoin]

I am holding half a million dollar of bitcoin at current price, if i give this $$$ to my bank investment manager and join a low risk wealth management plan, i could get around %7 income per year which would be $500000 * %7 / 365 * 30 =  $2876 per month, therefore i hope bitcoin price move !

[Lloydie]

Actually during times of stability it's often a good time to buy. And wtf, the price is stable for a month or so and you start comparing bitcoin to Bank savings? Seriously sell your coins and get the hell out of here and don't come back please.

Actually in stable periods historically bitcoin always tended to slide downwards as speculators get bored of it. Only when they see high monthly/weekly returns do they all pile in again.

Proof please? Looking at historical data I have more often seen an increase in price after a period of stability than a decrease. Either way stability is good for bitcoin.

Ignore dalmar, he is not worth it.

[Lethn]

It could be manipulation but I think more likely is that there is such a large volume of money coming in and traders that soon enough the people who own lots of coins aren't really going to matter all that much anymore a lot of people were predicting back when Bitcoin was $50 that the price would stabilise when more volume came in.

[Dalmar]

Proof please? Looking at historical data I have more often seen an increase in price after a period of stability than a decrease. Either way stability is good for bitcoin.

Spring/Summer of 2013 is a great example. Weekly declines after a perceived ''return to normal''..

[vabtc]

Historically, bitcoin has stable more than it has been volatile. 2012 anyone? 

Also, bitcoin was NOT created to be a fiat pump/dump machine like stocks and people who treat as one are clearly not seeing the long term picture here and just don't get bitcoin. I didn't get to where I am by trading, I did it by making a decision in 2011 to buy and hold bitcoin for at least 4 years, no matter what happens.

[MatTheCat]

Some people are clinging to a long gone bull market.

Yeah...precious few here whose 'analysis' is anything more than an expression of how they hope things are or will be.

It gets quite tiring sifting through all these dirge know-all comments almost as boring as it is sitting analysing a Bitcoin chart that refuses to move because deep pocketed forces mostly don't want it to move. Right now, they need to put their resources into making sure it doesn't move down, but that isn't to say that they won't do the same to prevent it moving up if the organic market forces wanted to take it up. As a speculator, this state of affairs sucks. Of course, there is nothing to say that these forces will succeed in their price holding operation. Bitcoin is still very much the wild west and nothing is set out in stone, yet.

Anyone who states that the manipulators are preventing Bitcoin from moving up, just haven't been looking very closely at the charts in recent times. Study the charts, and even better still, try to trade the movements, and you will soon gain an intuitive grasp of how the bias of the trading algorithms are configured. It took a 3000 BTC sell-off (on Stamp) within 5 minutes to break the algorithms and trigger a sell off last week, it will probably take much more than this next time.

Historically, bitcoin has stable more than it has been volatile. 2012 anyone?  

Also, bitcoin was NOT created to be a fiat pump/dump machine like stocks and people who treat as one are clearly not seeing the long term picture here and just don't get bitcoin. I didn't get to where I am by trading, I did it by making a decision in 2011 to buy and hold bitcoin for at least 4 years, no matter what happens.

Well that is what it has turned into. It has been pumped, and pumped, and then pumped so more. Not seen so much of the dumping yet though and when/if we do, I will do my utmost to ensure that my capital doesn't get dumped with it.

[pera]

Seems that the price of btc has maintained right around the $800 level on all exchanges for a fairly long time (except for Mtgox) - and it is doing so a little bit too conveniently.  With the stock market making big moves and various big news stories coming out about Turkey, Argentina, BTC china accepting deposits again, etc, you would think there would be bigger moves.  My guess:  the large btc holders are trying to reduce volatility in btc to remove this stigma about it.  They do so by capping rises and putting a floor on dips.  Manipulation is manipulation.  Let the market take it where it wants to go.

lol "manipulation" SEEMS LIKE YOU WANT TO BUY CHEAPER 

[Sindelar1938]

Speculation does not help
Wait and see what happens

[zoinky]

I am holding half a million dollar of bitcoin at current price, if i give this $$$ to my bank investment manager and join a low risk wealth management plan, i could get around %7 income per year which would be $500000 * %7 / 365 * 30 =  $2876 per month, therefore i hope bitcoin price move !

Then go do that... I think your viewpoints are all skewed.

[igorr]

goodbye bitcoin,

[Lloydie]

Still hodling at $800.  Pretty amazing stability.  A bit too amazing if you ask me.  Still, it's a good thing. 

[seleme]

Seems that the price of btc has maintained right around the $800 level on all exchanges for a fairly long time (except for Mtgox) - and it is doing so a little bit too conveniently.  With the stock market making big moves and various big news stories coming out about Turkey, Argentina, BTC china accepting deposits again, etc, you would think there would be bigger moves.  My guess:  the large btc holders are trying to reduce volatility in btc to remove this stigma about it.  They do so by capping rises and putting a floor on dips.  Manipulation is manipulation.  Let the market take it where it wants to go.

lol "manipulation" SEEMS LIKE YOU WANT TO BUY CHEAPER 

Pera, looks like you joined wonderful bull camp these days

[m_murfy]

I've HODLed my coins through the past 3 bubbles and I can say I'm a happy HODLer at this point.
And I've just bought another 10 btc at the $800 mark to add to my stash, and put between 5-10% into Nxtcoin as a leverage play.
HODL tight, the bulls will be back on parade soon.  

[billyjoeallen]

Who say's it's BTC hodlers stabilizing the price? Maybe it's new money buying the dips. I suspect they may be new to Bitcoin but very experienced traders. Wall Streeters. They may be trying to keep the price stable until they work their deals to buys huge dark pool hordes and miner stashes. That's what I would be doing if I was them.

[Lloydie]

Who say's it's BTC hodlers stabilizing the price? Maybe it's new money buying the dips. I suspect they may be new to Bitcoin but very experienced traders. Wall Streeters. They may be trying to keep the price stable until they work their deals to buys huge dark pool hordes and miner stashes. That's what I would be doing if I was them.

no one. one of my theories is that the BIT has instructed its trader to buy at near $800.  Else, coinbase is not dumping when price is near $800.

[mgburks77]

Not a large holder but I bought some btc when the price hit $800 this afternoon. Just seemed like a good deal and i wanted to get some peer coin so I did it.

[TERA]

Zomg stable prices it must be a conspiracy. It can't be supply and demand. The whales are out to steal my day trading profits. They hate me.