Something is wrong with BTC

[lyth0s]

BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?

Btc is not "suffering", it's not strange, nothing is wrong and you are making a scene

The hodl propaganda says every year the price will at least double and we are going nowhere but to the moon and to conquer the world.

Don't blame him or others if they feel shoked when the reality makes things seems different. Some people sell too optimistic expectations, and some people buy them.

Honestly, Just hold. Seriously, just hold. And then when the price changes, just hold. The simplest argument is this:

1. Do you believe that the USD/EUR/Rubles/Yuan etc will be printed/created by their respective central banks at will? If yes, evaluate #2
2. When supply greatly increases, do you believe value/price decreases? If you believe yes, then evaluate #3
3. Do you believe that Bitcoin has a fixed supply? If yes go to #4
4. THEN the USD/EUR/Rubles/Yuan will all decrease in value compared to bitcoins and thus the amount of USD/EUR/Rubles/Yuan etc to purchase a bitcoin will INCREASE (bitcoin price will go up)


Obviously there are more perspectives that need to be looked at, and you have to include the possibility of the world banning bitcoin or the internet being taken offline etc etc. But overall if you stick with AVERAGES and no radical changes, bitcoin price should always increase when being compared to a fiat currency that is printed without limits.

[K128kevin2]

It's normal that the price has been between $450 and $500 for a few weeks. What's abnormal is that it has been between around $450 and $650 for many months now. It has been a long time since the last significant shift in price. I am surprised we haven't seen a spike or plummet in price yet. Maybe soon.

[nuff]

There's nothing 'wrong' with btc. It is, in fact, unusual that btc is able to hold on to the current prices even DESPITE all the FUDs. Ideally the price should be higher. A year ago or even a few months back these levels are profitable when difficulty was so low. Nowadays it is barely scraping the margins of production cost and at times even undervalued since difficulty has risen so much. Used to be able to get 1 btc every couple of days now it takes more than a month.

[nelruk]

BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?

you are experiencing your first bitcoin "boring season". these things happen. make sure you buy as much as you can during these times.

Very interesting. Since I'm investing in Bitcoins I have never seen the price so...let's say still.

BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?

Btc is not "suffering", it's not strange, nothing is wrong and you are making a scene

Happens when I'm trading, I take chances when the price goes up o fall down. Now the price has a line between 450-500, is like to watch a ping pong match.

BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?

Btc is not "suffering", it's not strange, nothing is wrong and you are making a scene

The hodl propaganda says every year the price will at least double and we are going nowhere but to the moon and to conquer the world.

Don't blame him or others if they feel shoked when the reality makes things seems different. Some people sell too optimistic expectations, and some people buy them.

Honestly, Just hold. Seriously, just hold. And then when the price changes, just hold. The simplest argument is this:

1. Do you believe that the USD/EUR/Rubles/Yuan etc will be printed/created by their respective central banks at will? If yes, evaluate #2
2. When supply greatly increases, do you believe value/price decreases? If you believe yes, then evaluate #3
3. Do you believe that Bitcoin has a fixed supply? If yes go to #4
4. THEN the USD/EUR/Rubles/Yuan will all decrease in value compared to bitcoins and thus the amount of USD/EUR/Rubles/Yuan etc to purchase a bitcoin will INCREASE (bitcoin price will go up)


Obviously there are more perspectives that need to be looked at, and you have to include the possibility of the world banning bitcoin or the internet being taken offline etc etc. But overall if you stick with AVERAGES and no radical changes, bitcoin price should always increase when being compared to a fiat currency that is printed without limits.

Good point of view. I never thought of that. The thing is now is good for merchants, they finally can sell products without being worried about the volatility; Were there another "boring" season like this recently?

[kokojie]

BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?

Btc is not "suffering", it's not strange, nothing is wrong and you are making a scene

The hodl propaganda says every year the price will at least double and we are going nowhere but to the moon and to conquer the world.

Don't blame him or others if they feel shoked when the reality makes things seems different. Some people sell too optimistic expectations, and some people buy them.

Honestly, Just hold. Seriously, just hold. And then when the price changes, just hold. The simplest argument is this:

1. Do you believe that the USD/EUR/Rubles/Yuan etc will be printed/created by their respective central banks at will? If yes, evaluate #2
2. When supply greatly increases, do you believe value/price decreases? If you believe yes, then evaluate #3
3. Do you believe that Bitcoin has a fixed supply? If yes go to #4
4. THEN the USD/EUR/Rubles/Yuan will all decrease in value compared to bitcoins and thus the amount of USD/EUR/Rubles/Yuan etc to purchase a bitcoin will INCREASE (bitcoin price will go up)


Obviously there are more perspectives that need to be looked at, and you have to include the possibility of the world banning bitcoin or the internet being taken offline etc etc. But overall if you stick with AVERAGES and no radical changes, bitcoin price should always increase when being compared to a fiat currency that is printed without limits.

That's false, there is a big expense in Bitcoin, that is the PoW mining network. Every year, about $300m-500m are transferred from the Bitcoin eco-system to the hardware vendors/electric companies. If there is no inflow of capital into the Bitcoin eco-system, then Bitcoin will lose value much faster than USD/EUR/JPY etc...

So far, Bitcoin has been lucky, as multiple catalysts has driven huge amount of capital into the eco-system, making the mining cost negligible. But this year, the inflow has slowed down significantly, while mining cost has only went up, therefore we are seeing the price slowly erode, because mining cost is slightly outpacing capital inflow. We will need another catalyst to drive the price up again, and the only two possibly catalyst I see are Bitcoin ETF and the next halving.

[spazzdla]

I really believe we could go either way now. Bitcoin needs at least a certain amount of acceptance in the common public, and if it should fail to achieve that, it isn't exactly wise to speculate on its future growth anymore. Hedge and wait for a definite bull market. Just my opinion, though...

Bitcoin can still rise 1000% in one day...  Shit 10 mintues if the right players decide it's time.

I'd highly recommend a small position at minimum right now.

[cbeast]

When measuring Bitcoin against the dollar it can be both money or a speculative product.

It's volatility currently undermines its usage as a currency but makes it a good speculative product (stock).
The more trading, the more stable and usable as a currency.

Currency vs. speculative product indeed. Liquidity vs. price. It appears to be a dichotomy until you see Bitcoin's potential. This is where the bears live.
Current usefulness vs. potential usefulness. This is where the perma-bulls live.