The reason for a stagnating price

[Wilhelm]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Aren't you aware of the wealth storage role of money?

This^

The "average joe" most likely won't ever use BTC and that's fine. Another crypto will fill the role of daily use. Bitcoin will serve the role of reserve crypto asset, maybe even used by nations to transfer wealth globally. We don't need the "average joe".

So If I own a few BTC I potentially own a significant share of a nations wealth

[painlord2k]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

[tinof]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

Could also be hoarders are selling bitcoin for their vacation. And hence the dropping during Summer and up during Winder and Fall.

[CryptoCarmen]

stability is what btc needs to gain credibility as a legit currency

Yes stability with tiny bit of inflation. Then BTC will be a keeper!

[falllling]

stability is what btc needs to gain credibility as a legit currency

Yes stability with tiny bit of inflation. Then BTC will be a keeper!

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.

[jjacob]

stability is what btc needs to gain credibility as a legit currency

Yes stability with tiny bit of inflation. Then BTC will be a keeper!

Inflation?? That is a dirty word...

[ensurance982]

Well, I guess the last bubbles got us pretty high, and with all the money that was lost in Gox and all the scams and robberies, people who are interested in Bitcoin don't have that much trust anymore and don't have any money left. We've reached a saturated level. Also, the ecosystem first has to adapt to the high price before we can think about going higher still.

[jjacob]

Well, I guess the last bubbles got us pretty high, and with all the money that was lost in Gox and all the scams and robberies, people who are interested in Bitcoin don't have that much trust anymore and don't have any money left. We've reached a saturated level. Also, the ecosystem first has to adapt to the high price before we can think about going higher still.

The ecosystem has had 8 months to absorb current levels. That is a lot of time on the bitcoin scale. 

[painlord2k]

Could also be hoarders are selling bitcoin for their vacation. And hence the dropping during Summer and up during Winder and Fall.

More like buyers are vacationing and they stopped buying because they prefer to spend their fiat at the beach.
Now the season is ending, people returning to their desks, we will see what happen in September and October.

[ensurance982]

Well, I guess the last bubbles got us pretty high, and with all the money that was lost in Gox and all the scams and robberies, people who are interested in Bitcoin don't have that much trust anymore and don't have any money left. We've reached a saturated level. Also, the ecosystem first has to adapt to the high price before we can think about going higher still.

The ecosystem has had 8 months to absorb current levels. That is a lot of time on the bitcoin scale. 

We have seen periods where it took even longer than that. You can't expect Bitcoin to continue an exponential growth until eternity. At some point that growth may decline or at least stagnate to a certain degree! Bitcoin can't defy all rules of a market!

[staaaagnating]

We have found an equilibrium! We will remain at these prices! People trying to trade now in order to profit will do so in vain!

[bitbinn]

Well, I guess the last bubbles got us pretty high, and with all the money that was lost in Gox and all the scams and robberies, people who are interested in Bitcoin don't have that much trust anymore and don't have any money left. We've reached a saturated level. Also, the ecosystem first has to adapt to the high price before we can think about going higher still.

The ecosystem has had 8 months to absorb current levels. That is a lot of time on the bitcoin scale. 

We have seen periods where it took even longer than that. You can't expect Bitcoin to continue an exponential growth until eternity. At some point that growth may decline or at least stagnate to a certain degree! Bitcoin can't defy all rules of a market!

there will be another exponential growth soon

[crocko]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

+1 The winter is coming !

[falllling]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

+1 The winter is coming !

oh.. summer is the excuse now, i guess next excuse will be "why are we dropping? because winter is not a good time for bitcoin, people need money for Christmas, people having vacation with family"
stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost, just be a man not a coward

[jaredboice]

stability is what btc needs to gain credibility as a legit currency

Yes stability with tiny bit of inflation. Then BTC will be a keeper!

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.

Citi has much to lose as Bitcoin continues to gain. On top of that, Citi appears to be assuming a couple of interesting things with regards to mining. 1) They are assuming that all of the mining rewards must be used to cover electricity and other expenses related to mining.  This is of course absurd, and if it were actually true there would be no miners and no bitcoin ecosystem at all for you to troll amongst.  2) They are assuming that these miners will be selling all of the coins not spent on electricity and other expenses.  That's a big assumption considering that it's more likely that most miners get into mining in the first place because they believe bitcoin is a long term investment. That likely being the case, Miners are probably only selling a portion of their rewards.

Also Merchants accepting Bitcoin and then selling these same coins on the market is necessarily a zero sum game.  There is no added selling pressure.  They Sell the same amount (or less) of the coins they accept per transaction.

You should change your name to "Failing"

[fonsie]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

+1 The winter is coming !

oh.. summer is the excuse now, i guess next excuse will be "why are we dropping? because winter is not a good time for bitcoin, people need money for Christmas, people having vacation with family"
stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost, just be a man not a coward

Just admit that you are a scammer trying to buy cheap coins by telling people to sell, no other reason why you would be here... Not even the Pope is that helpfull trying to save people.

[4onesea]

I don't know if we will see higher prices in winter, when there is too much people expecting a rise usually there is a downfall.

[crocko]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

+1 The winter is coming !

oh.. summer is the excuse now, i guess next excuse will be "why are we dropping? because winter is not a good time for bitcoin, people need money for Christmas, people having vacation with family"
stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost, just be a man not a coward

Just admit that you are a scammer trying to buy cheap coins by telling people to sell, no other reason why you would be here... Not even the Pope is that helpfull trying to save people.

+1 I want to write the same.
failling know that some major events will happen  and the price will raise again, therefore he spread FUD as much as he can in order to trick the people to sell cheap

[falllling]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

+1 The winter is coming !

oh.. summer is the excuse now, i guess next excuse will be "why are we dropping? because winter is not a good time for bitcoin, people need money for Christmas, people having vacation with family"
stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost, just be a man not a coward

Just admit that you are a scammer trying to buy cheap coins by telling people to sell, no other reason why you would be here... Not even the Pope is that helpfull trying to save people.

+1 I want to write the same.
failling know that some major events will happen   and the price will raise again, therefore he spread FUD as much as he can in order to trick the people to sell cheap

i ain't buying at all, feel free to buy before i do if you think so, there are "cheap expensive over-price coins" all over the place, you go first

or stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost

[fonsie]

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

+1 The winter is coming !

oh.. summer is the excuse now, i guess next excuse will be "why are we dropping? because winter is not a good time for bitcoin, people need money for Christmas, people having vacation with family"
stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost, just be a man not a coward

Just admit that you are a scammer trying to buy cheap coins by telling people to sell, no other reason why you would be here... Not even the Pope is that helpfull trying to save people.

+1 I want to write the same.
failling know that some major events will happen   and the price will raise again, therefore he spread FUD as much as he can in order to trick the people to sell cheap

i ain't buying at all, feel free to buy before i do if you think so, there are "cheap expensive over-price coins" all over the place, you go first

or stop finding excuses stop tricking yourself and admit the fact that bitcoin is going to nowhere but down to the final capitulation, you gambled and lost

You sure do spend a lot of your time on something that according to you is dying. Care to eleborate on that?