Surely "fantastic" would involve a rapid and exponential increase in the use of Bitcoin as a means of payment, driving a similar rapid and exponential increase in the volume of Bitcoin transactions?
These both remain things that people hope to see in the future, despite Bitcoin being five years old.
Topic: Everything except the price trend is going fantastic - page 6. (Read 9706 times)
Don't worry, because it's just a matter of time before prices will adjust to fundamentals.
Thinking this very much too - and considering just how much positive the growth of fundamentals has seemed over the past year, I'm very much looking forward to the adjustment.
The price is exactly correct. It may not be what I like, but it is correct.
To sum up: The fundamentals are great and improving. The price does not follow yet. >>> Worries.
Don't worry, because it's just a matter of time before prices will adjust to fundamentals. The market is still digesting the astronomic rise of last year. You will have noticed that the amplitude of price movements is slowly decreasing. The market is calming down, which is a good sign. The next rise will start after a longer phase of boring sideways movement.
I expect that the Bitcoin ETF will trigger the next rally phase.
ya.ya.yo!
Don't worry, because it's just a matter of time before prices will adjust to fundamentals. The market is still digesting the astronomic rise of last year. You will have noticed that the amplitude of price movements is slowly decreasing. The market is calming down, which is a good sign. The next rise will start after a longer phase of boring sideways movement.
I expect that the Bitcoin ETF will trigger the next rally phase.
ya.ya.yo!
@NotLambchop, good points really. In you opinion, was it enough to affect the price? Do you think the 2014's news were worse than the 2013's ones?
People forget that Mt.Gox hit the news this year, starting off this barrage of "good news":
That, along with post-bubble publicity and tighter regulations/string of criminal indictments (making Bitcoin less attractive as a black market currency) contributed to current price slump.
The total market cap of bitcoin is 5 billion, equivalent to a mid-size Chinese real estate company: http://en.wikipedia.org/wiki/Real_estate_in_China.
It is also 1/1000 of what Fed accumulated in their QE programs (4.5 trillion).
This should give you some perspective on where things are currently.
It is also 1/1000 of what Fed accumulated in their QE programs (4.5 trillion).
This should give you some perspective on where things are currently.
@NotLambchop, good points really. In you opinion, was it enough to affect the price? Do you think the 2014's news were worse than the 2013's ones?
If you look at other metrics you see, that the BTC-economy is growing.
That's what I say and that what feels weird because if the btc-economy grows and the btc supply is the sameone then the price should go up, or at least that's my opinion (I realised I don't understand economy at all).
This is partly a good thing though, because people were bitching and moaning about stability a lot before
Yes, I think so. Anyway, more volume (more buy/sell transactions) sounds as bigger market (more capital) and provably a bigger demand. It will be interesting to see what happens during the stock market crash that is inevitably going to happen.
Do you have a link to read about that? Or could you explain yourself a bit more, please?...
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news.
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In fact there were more good news thanks to new projects/startups.
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I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
Yeah, you're not paying attention
I don't use to open discussions here because all my questions have already been answered somewhere in this forum however I cannot understand what is going on in these days with the bitcoin price. Let me explain myself:
It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
It's often discussed. The simple answer is, that the price is low due to price manipulation. Speculators can just make more money with high volatility and that is mostly what all the exchanges are about: Making money with speculation.It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
That is exactly the reason, why so many people don't look at the price anymore. If you look at other metrics you see, that the BTC-economy is growing.
Indeed.
I don't use to open discussions here because all my questions have already been answered somewhere in this forum however I cannot understand what is going on in these days with the bitcoin price. Let me explain myself:
It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
It's often discussed. The simple answer is, that the price is low due to price manipulation. Speculators can just make more money with high volatility and that is mostly what all the exchanges are about: Making money with speculation.It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
That is exactly the reason, why so many people don't look at the price anymore. If you look at other metrics you see, that the BTC-economy is growing.
What's happened is since the last rise a lot more trade volume has entered the market, so it will be a lot more difficult mess with the price short term, before you could pretty much dump a few hundred thousand into the market and that would be enough to send it skyrocketing ( You could do this in the altcoin markets for example, with less actually because they aren't as well known ) but now it's going to be difficult because there's so many people trading it's going to require a big move for the price to go either way.
This is partly a good thing though, because people were bitching and moaning about stability a lot before, it will be interesting to see what happens during the stock market crash that is inevitably going to happen.
This is partly a good thing though, because people were bitching and moaning about stability a lot before, it will be interesting to see what happens during the stock market crash that is inevitably going to happen.
I don't use to open discussions here because all my questions have already been answered somewhere in this forum however I cannot understand what is going on in these days with the bitcoin price. Let me explain myself:
It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
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