Bitcoin Forum
February 19, 2018, 06:55:39 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: sideways for so long now....  (Read 4756 times)
jubalix
Legendary
*
Offline Offline

Activity: 1736
Merit: 1001


View Profile WWW
August 11, 2014, 12:16:08 AM
 #1

stability like this generally precedes growth....but damn if it isn't boring

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
1519023339
Hero Member
*
Offline Offline

Posts: 1519023339

View Profile Personal Message (Offline)

Ignore
1519023339
Reply with quote  #2

1519023339
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1519023339
Hero Member
*
Offline Offline

Posts: 1519023339

View Profile Personal Message (Offline)

Ignore
1519023339
Reply with quote  #2

1519023339
Report to moderator
1519023339
Hero Member
*
Offline Offline

Posts: 1519023339

View Profile Personal Message (Offline)

Ignore
1519023339
Reply with quote  #2

1519023339
Report to moderator
windjc
Legendary
*
Offline Offline

Activity: 1498
Merit: 1004


View Profile
August 11, 2014, 12:29:01 AM
 #2

stability like this generally precedes growth....but damn if it isn't boring

It could go on for a while. Let's see how we feel in October.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
lemfuture
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
August 11, 2014, 12:30:01 AM
 #3

patience is a virtue

1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
alcurex.com
Ibian
Legendary
*
Offline Offline

Activity: 1526
Merit: 1030


View Profile
August 11, 2014, 02:54:52 AM
 #4

patience is a virtue
Is it? Let's while away the time with a bit of philosophy.

According to Aristotle, wisdom is living according to the virtues. But not too much, and not too little. For example, too little courage is cowardice, and too much is recklessness. Lack of patience is impatience, and too much patience is... what?

There is no bubble.
EricTyle
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
August 11, 2014, 04:08:56 AM
 #5

too much patience is...

Boring as shit

Benjig
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


Trusted


View Profile
August 11, 2014, 04:28:25 AM
 #6

Stability is good sometimes.. it enables projects based on bitcoin price to succed.. when it is climbing hugely or dropping no one wants to invest or do other business with their btcs..

Internet of things.
Ibian
Legendary
*
Offline Offline

Activity: 1526
Merit: 1030


View Profile
August 11, 2014, 04:36:25 AM
 #7

too much patience is...

Boring as shit
Points for honesty! Another fine virtue!

There is no bubble.
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2352
Merit: 1001


Legen -wait for it- dary


View Profile
August 11, 2014, 04:40:54 AM
 #8

patience is a virtue
Is it? Let's while away the time with a bit of philosophy.

According to Aristotle, wisdom is living according to the virtues. But not too much, and not too little. For example, too little courage is cowardice, and too much is recklessness. Lack of patience is impatience, and too much patience is... what?

Weakness!
If you can wait forever, you may never see what it is you are waiting for.

Perhaps better put;
Too much patience leads to missed opportunity while you wait for that one thing.

Cluster2k
Legendary
*
Offline Offline

Activity: 1583
Merit: 1000


View Profile
August 11, 2014, 05:27:19 AM
 #9

I personally prefer the price to be pretty stable instead of pumping and dumping by 10 or 20% per day.  That might make the day traders happy but outsiders who are looking to do real business using bitcoin aren't going to be too happy about adjusting their prices several times a day to account for value fluctuations.

A steady price also makes us look less like a get rich quick scheme designed to separate people from their money.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Brewins
Legendary
*
Offline Offline

Activity: 1106
Merit: 1000



View Profile
August 11, 2014, 05:31:19 AM
 #10

Mondays sometimes has some interesting moves, like recovers from weekend pumps/dumps, or the continuation of moves stopped due to weekend.

So today may be a good day.
Wilhelm
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1007


View Profile
August 11, 2014, 05:43:34 AM
 #11

For Bitcoin standards it is sideways and boring if you HODL (nothing wrong with a good number of HODL-coins).

If you look closely it is fluctuating by full percentages every day/week.
This sideways market has made me look into automated trading which has more than a little potential.
I believe you could still double your BTC each year in this sideways market.
With a bubble you can trade all the way to 30-50x your BTC if you have a good bot/script/ea.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
jaberwock
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
August 11, 2014, 05:57:35 AM
 #12

We need momentum to move, either moonwards or 0-ards.

devphp
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
August 11, 2014, 06:02:42 AM
 #13

Expect sideways to the end of September, it's still vacation time, economic activity tends to start to pick up end of Sept - beginning of Oct.
Chicowash
Jr. Member
*
Offline Offline

Activity: 48
Merit: 0


View Profile
August 11, 2014, 06:16:04 AM
 #14

Expect sideways to the end of September, it's still vacation time, economic activity tends to start to pick up end of Sept - beginning of Oct.

Totally agreed to this, it is still low activity period, that is why we see these sideway movements only.
Buffer Overflow
Legendary
*
Offline Offline

Activity: 1652
Merit: 1000



View Profile
August 11, 2014, 06:27:18 AM
 #15

Goes up. It's a bubble.
Goes down. It's crashing.
Goes sideways. It's boring.

Poor bitcoin. Damned if it does, damned if it doesn't.

scarsbergholden
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
August 11, 2014, 06:29:56 AM
 #16

Stability is good sometimes.. it enables projects based on bitcoin price to succed.. when it is climbing hugely or dropping no one wants to invest or do other business with their btcs..

The thing is, a few weeks of sideways is not "stability". At these kind of volumes, especially, this sort of sideways usually ends of squeezing into a powerful, volatile move.

If we were trading for several months at high volumes in a tight range like this, I might call it stability.

negafen
Full Member
***
Offline Offline

Activity: 218
Merit: 100



View Profile WWW
August 11, 2014, 06:32:32 AM
 #17

Can't stay at this price for long as network difficulty keeps going up.
scarsbergholden
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
August 11, 2014, 06:35:18 AM
 #18

Can't stay at this price for long as network difficulty keeps going up.

What are you implying? At some point, in theory, if price can't keep up with difficulty, might difficulty just drop as the unprofitable miners drop out?

fdiini
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
August 11, 2014, 07:18:41 AM
 #19

Can't stay at this price for long as network difficulty keeps going up.

What are you implying? At some point, in theory, if price can't keep up with difficulty, might difficulty just drop as the unprofitable miners drop out?

The current batch of S3 miners has negative expectation of ROI. So, even if the difficult drop, the cost basis is still fairly high for coin production.
Bitcoins101
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
August 11, 2014, 08:03:39 AM
 #20

Sideways action like this does not always mean a positive volatile price move. In my opinion, BTC is actually looking kind of weak right now. I'd keep money in fiat until further notice.
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!