Topic: Is it just me or is anyone else tired of watching this constant no change bs (Read 1861 times)

^^This.

There is no market. Just traders playing pass the parcel, probably not even actually passing the parcel half the time, but simply switching it from the left hand to the right. All involved in Bitcoin are waiting on the next X-Factor to come into Bitcoin and give it it's next turbo boost, whether they realise it or not. This X-Factor is going to have to be another form of capital flight, where sufficient amounts of wealth piles into Bitcoin insensitive to the price. Until that comes along, then it is more pumping, dumping, but overall grinding down. Bottom catchers can forget their tech analysis as this will be a geo-political fundamental that the charts will not be able to predict, and yeah, sooner or later I believe it will happen but until it does, the floor is the limit for Bitcoin.

Bitcoin has its practical uses and even advantages over fiat and digital banking, but they are at this point in time very few and generally come with both higher premiums (getting fiat in and out of Bitcoin) than conventional transactions with greater time obstacles. If I wanted to buy drugs or other black market goods n services, I would use Bitcoin. If I wanted to hide and/or take wealth beyond borders circumnavigating the fiscal controls of a specific nation, then that too is where Bitcoin comes into it's own.

So my fellow Bitcoiner 2 da moon chums, get on your knees and pray for some economic melt down in some diddy Latin American country or something and for the stricken nation's moderately wealthy and indeed very wealthy to turn to Bitcoin in panicked droves in order to give us 4 digit Bitcoin once again and then some!!! When the great day comes, we shall all meet in the grand old castle Malla, and feast on the blood of the dispossessed poor of the economies from which the capital has flown......

And someday, we'll get there (when the price exceeds 6 digits).  But for now, we're all waiting to catch the next rocket.  You should too, because it's coming.  We're not going to sit at $500 for a whole year, so get ready.

Stability is a sign of a strong currency.   

Name:   Mervyn_Pumpkinhead
Posts:   177
Activity:   28
Position:   Newbie
Date Registered:   March 30, 2014, 02:55:45 PM

There is change, but in the form of an slow downtrend. The slow downtrend is caused by traders, who are desperate for another rise, so they pump the price with their empty dreams and denial. This is the cause for this inefficient market, that is unattractive for buying or trading. An efficient market would let the price drop to an solid level quickly, and then wait there until there is a strong recovery. An efficient market would decide their stance on China quickly, and wouldn't jump on and off everytime there are new news about the bureaucracy catching up to the weak attempts to keep the bitcoin business going in China. It would be more stable and predictable then, and that would make the market a lot more attractive for buying and trading.
But well, the bitcoin market isn't actually full of people who know what they're doing... So, we better just have to deal with this...

One takes a long break from bitcointalk and all things bitcoin (after securing your stash), and when the mass media starts writing about "massive price raise" etc. you get back in. Ain´t no point sitting through the doldrums.

I like it. Stability is what fuels the rocket, not wild swings. A year at $500 with a steady increase in TX volume would be perfect.

Yeah im sick of it.  I guess that means it's gonna do something soon.... or is it?

If I am not having a mild heart attack every day then Bitcoin has failed.

Nothing will happen until Circle, Atlas, SecondMarket Exchange, Buttercoin and others launch.

And they launch when the NYDFS releases their guidance on regulation. Which should be by the end of Q2 at the latest (if they come through with their word)

Thats when it will get interesting.

IKR.
It would be nice to see some movement though but you can't expect it every day when nothing is happening.

Bitcoin is what it is, not what any one person want to use it as.

People seem to forget that bitcoin is actually a currency. It's not some kind of momentum penny stock.

This is funny.   People are so spoiled by the meteoric rises that they can't go a day without seeing a +/- $100 change each day.

Down on 8K of volume on 30 min chart.

Up on 1K of volume on 30 minute chart.

Shit like that is important.

And we're going back up. lol

Just noticed quite a bit of action on Huobi. Going down down down...

I think it will remain that way for a very long time. I bet there's a certain price if you wanna be one of the few hands moving the market.

This and similar topics is summarized pretty well by two market experts in a 30-second video here: https://www.youtube.com/watch?v=iABfXNY60QY

5 days is how long it took for Bitcoin to get from $340 to $548.

Things with Bitcoin of late is that it tends not to move for days/weeks, and then suddenly move very rapidly. A sure sign of relative few hands being responsible for moving market.