It's only us

[cafucafucafu]

The latest dump and consequent slow downward trend has made me realise that the last up trend was not caused by new comers - it was caused by us. If newcomers were having an impact on the price then we wouldn't have this down trend.

What happened is that some guy decided to dump and the bitcoiners stopped buying out of fear.

Let's face it we are on our own right now without newbie buyers. Any sort of mass adoption is 20 years away. It's time to stop looking at the graphs and dreaming of the moon every hour. The moon will come in the distant future when we are old.

Everyone who could be an early adopter is already one. The geeks and foresighted people have already joined. The laypersons will now not join until they have incentives. Thus there will be no more big bubbles in the near future. The rush of people who could have caused a bubble have come and gone. Now all we await is a small trickle of others to join us for the upcoming years. No more bubbles an time soon. Just a very slow and volatile grind upwards. Bubbles will happen with incentives and I see no incentive at all except a financial crisis that entails hyperinflation or banks repossessing money.

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[BittBurger]

Are you not aware there are people making a concerted effort to push the price up, then down, then back up again so they can make money?

Its pretty much common knowledge now.

Bitcoin price changes have nothing to do with organic activity, response to news, or anything you are trained to look for.

Its simply whales playing in the water. 

-B-

[1Referee]

It's a fact that there is very little new money incomming at this point as investors tend to invest in Bitcoin related startups, etc.

I agree with BittBurger. Currently whales decide whether the price goes up or down.

And large pools can do one thing very good, and that is unloading large amounts of coins.

[cafucafucafu]

Are you not aware there are people making a concerted effort to push the price up, then down, then back up again so they can make money?

Its pretty much common knowledge now.

Bitcoin price changes have nothing to do with organic activity, response to news, or anything you are trained to look for.

Its simply whales playing in the water. 

-B-

This I do know but they can only gain little amounts each time from this - unless they are doing insider trading.

If you push the price up then you need suckers who will buy with you so the whale also has to buy along with the suckers when pumping. Thus there isn't a huge amount to gain if the whale's own buying is a part of the price pump.

[calme]

You've gotta admit that the bullish sentiment was refreshing though. It was going on for like multiple days.

[cafucafucafu]

You've gotta admit that the bullish sentiment was refreshing though. It was going on for like multiple days.

This is true! Well let's hope it comes back. We need it! Bitcoin needs it.

[billyjoeallen]

You've gotta admit that the bullish sentiment was refreshing though. It was going on for like multiple days.

This is true! Well let's hope it comes back. We need it! Bitcoin needs it.

No, what we need is some Goddamn stability. I don't give a shit if it's at $100 or $1000, but this volatility is what prevents Bitcoin from becoming a usable currency. We had stability for almost a week. That's an improvement, but we have a long, long way to go.

[3eme]

I think you hit the nail on the head, my sentiments exactly. There's no incentive or need for Joe public to use it right now and speculators arent interested anymore. And people talk about how we found a bottom at 166 well In terms of volume it was comparable to February 2014 when it hit 400 briefly, that didnt stop the continued slide down all year.

[Ibian]

You've gotta admit that the bullish sentiment was refreshing though. It was going on for like multiple days.

This is true! Well let's hope it comes back. We need it! Bitcoin needs it.

No, what we need is some Goddamn stability. I don't give a shit if it's at $100 or $1000, but this volatility is what prevents Bitcoin from becoming a usable currency. We had stability for almost a week. That's an improvement, but we have a long, long way to go.

Stability is what happens when the price eventually tops out. It's speculation all the way to the top. Surely you know this.

[BlindMayorBitcorn]

[billyjoeallen]

You've gotta admit that the bullish sentiment was refreshing though. It was going on for like multiple days.

This is true! Well let's hope it comes back. We need it! Bitcoin needs it.

No, what we need is some Goddamn stability. I don't give a shit if it's at $100 or $1000, but this volatility is what prevents Bitcoin from becoming a usable currency. We had stability for almost a week. That's an improvement, but we have a long, long way to go.

Stability is what happens when the price eventually tops out. It's speculation all the way to the top. Surely you know this.

You are referring to the technology adoption curve, right? Yes, you are correct. I am just frustrated by the volatility caused by people attempting to make large profits w/o taking large risks. Stop-losses may well prove to be stop-gains.

[ajareselde]

You've gotta admit that the bullish sentiment was refreshing though. It was going on for like multiple days.

This is true! Well let's hope it comes back. We need it! Bitcoin needs it.

No, what we need is some Goddamn stability. I don't give a shit if it's at $100 or $1000, but this volatility is what prevents Bitcoin from becoming a usable currency. We had stability for almost a week. That's an improvement, but we have a long, long way to go.

Log-out for the next ten years or so, and come back, it will still be volatile, until you have strict guidelines for bitcoin and surrounding businesses, you will have insane amount
of variables affecting the price. Stability for over a week you say, well that was probably just pure luck..

cheers

[BlackSpidy]

Holy shit, does that mean that I (having bought my bitcoins this month) can be considered an early adopter? Wow.
Personally, I'm not afraid of what the immediate and close future (on or two years?) have in store for bit coin because of two reasons. One being that it has proven a success as a currency. People are willing to interchange goods and services for these bits and bytes on our computers (and other storage media). That is a cold, hard fact everyone must recognize. The second being its structure, usage, features and recognizably; OK, technically more than two things, but I believe that because of it's great programming, the already established niche market, it's immediate transactions (and other useful features) and its popularity/name/reputation ensure that it will live into (and perhaps past) the 21st century.

[WhatTheGox]

The latest dump and consequent slow downward trend has made me realise that the last up trend was not caused by new comers - it was caused by us. If newcomers were having an impact on the price then we wouldn't have this down trend.

What happened is that some guy decided to dump and the bitcoiners stopped buying out of fear.

Let's face it we are on our own right now without newbie buyers. Any sort of mass adoption is 20 years away. It's time to stop looking at the graphs and dreaming of the moon every hour. The moon will come in the distant future when we are old.

Everyone who could be an early adopter is already one. The geeks and foresighted people have already joined. The laypersons will now not join until they have incentives. Thus there will be no more big bubbles in the near future. The rush of people who could have caused a bubble have come and gone. Now all we await is a small trickle of others to join us for the upcoming years. No more bubbles an time soon. Just a very slow and volatile grind upwards. Bubbles will happen with incentives and I see no incentive at all except a financial crisis that entails hyperinflation or banks repossessing money.

Out of all the countries in the world at least one will have a major financial incident sometime soon.  Another thing could be if bitcoin is made very user friendly a new type of non tech person could become involved.

[MatTheCat]

Stability is what happens when the price eventually tops out. It's speculation all the way to the top. Surely you know this.

And what market in human history has ever topped out to a stable plateau?

I am afraid Mr Ibian, that merely stating what you desperately want the case to be, as though it were common knowledge, does not make your viewpoint a reality.

[Ibian]

Holy shit, does that mean that I (having bought my bitcoins this month) can be considered an early adopter? Wow.
Personally, I'm not afraid of what the immediate and close future (on or two years?) have in store for bit coin because of two reasons. One being that it has proven a success as a currency. People are willing to interchange goods and services for these bits and bytes on our computers (and other storage media). That is a cold, hard fact everyone must recognize. The second being its structure, usage, features and recognizably; OK, technically more than two things, but I believe that because of it's great programming, the already established niche market, it's immediate transactions (and other useful features) and its popularity/name/reputation ensure that it will live into (and perhaps past) the 21st century.

Moving goalpost but essentially yes. Anyone with just a single full coin will eventually be considered "early". Most people will never have a tenth of that.

[zby]

The latest dump and consequent slow downward trend has made me realise that the last up trend was not caused by new comers - it was caused by us. If newcomers were having an impact on the price then we wouldn't have this down trend.

What happened is that some guy decided to dump and the bitcoiners stopped buying out of fear.

Let's face it we are on our own right now without newbie buyers. Any sort of mass adoption is 20 years away. It's time to stop looking at the graphs and dreaming of the moon every hour. The moon will come in the distant future when we are old.

Everyone who could be an early adopter is already one. The geeks and foresighted people have already joined. The laypersons will now not join until they have incentives. Thus there will be no more big bubbles in the near future. The rush of people who could have caused a bubble have come and gone. Now all we await is a small trickle of others to join us for the upcoming years. No more bubbles an time soon. Just a very slow and volatile grind upwards. Bubbles will happen with incentives and I see no incentive at all except a financial crisis that entails hyperinflation or banks repossessing money.

Add to this the new coins that are being mined all the time.

[btcxyzzz]

Bubbles will happen with incentives and I see no incentive at all except a financial crisis that entails hyperinflation or banks repossessing money.

Which is happening. Next bubble is due to end of 2016 IMO. Wouldn't be surprised to see it even before 2016.

[mishax1]

I'll just leave this right, here.

[BlindMayorBitcorn]

New wallets I'm convinced