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Topic: Price has flatlined at $120 - page 2. (Read 4414 times)

hero member
Activity: 709
Merit: 503
May 21, 2013, 10:44:42 PM
#21
Have you ever given a tip to someone?  I take a glass blowing class; I tip my instructor.  I tipped with 200 mBTC.

Have you ever given a monetary gift to someone?  My nephew turned 21 the other day; I gave him a monetary gift for his birthday.  The gift I gave him was 200 mBTC.

Every Bitcoin proponent ought to give tips and gifts of BTCs.

When more people bring more money into Bitcoin then the exchange rate will rise; simple supply and demand.
hero member
Activity: 518
Merit: 500
May 21, 2013, 10:38:34 PM
#20
Daily transaction volume is pretty low even after adding up mtgox, btc-e, btcchina and bitstamp, they don't add up to the daily transaction volume that Mtgox used to get.



That's very true - but given the stagnant price, very little point in trading and not much new money coming in. People are just waiting for the next move, or news. Might actually be good to consolidate for a while, and get some of the bitcoin infrastructure built out, get some stability in, and lose the clown exchanges with 20-minute delay times when things got busy. The price would be very different now if people flooding into bitcoin recently weren't forced to buy on a clown exchange. Not a great "first experience" was it.
full member
Activity: 232
Merit: 100
May 21, 2013, 10:33:36 PM
#19
Daily transaction volume is pretty low even after adding up mtgox, btc-e, btcchina and bitstamp, they don't add up to the daily transaction volume that Mtgox used to get.

sr. member
Activity: 354
Merit: 250
May 21, 2013, 09:59:55 PM
#18
This! We need this ---> http://youtu.be/dlPs10GSJjQ?t=2h35m50s

P.S. I don't buy into to everything in these movies, but think this end piece about rejecting fiat is great.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
May 21, 2013, 09:08:21 PM
#17
My bots are bored!!

Ya, nobody wants to borrow my BTC to short when the price is not moving.

It may crash any second, borrow at a high interest rate while you still can!
hero member
Activity: 727
Merit: 500
Minimum Effort/Maximum effect
May 21, 2013, 08:58:29 PM
#16
depends on volume of transactions, it's sitting pretty quiet right now 14k transactions lately... the migration form mtgox has happened.

Time to corral the newbs, they're scared of mtgox, don't know where to exchange, time to come to Canada. Smiley

where are they going to exchange their hard earned cash for BTC? well have to see, U.S citizens are limited but the rest of the world isn't so just look for another exchange, They can still trade at mtgox but do you think the US government would go after all the millions of users of mtgox? I don't think so, it would set a precedent,  better to just flood all the exchanges and go ahead without fear.

would any of you fund a known btc case from a regular usar to oppose an inustice of that nature if it happened? I know I would I'd send a couple hundred bucks for legal fees, help them first before they get to me.
hero member
Activity: 504
Merit: 500
May 21, 2013, 08:33:45 PM
#15
It's gonna burst  Grin
member
Activity: 112
Merit: 10
May 21, 2013, 08:27:39 PM
#14


Perhaps this will show what's going on some. .
sr. member
Activity: 448
Merit: 250
May 21, 2013, 08:08:15 PM
#13
Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it. Smiley

Quoted. Will get back to this post in a year from now. Wink


He is a "junior member" with 64 posts. I don't think he realizes that there are dozens of calls like this from 2010, '11, '12 that are pulled back up from time to time and laughed at. Last year around this time, people were predicting $14 BTC in early 2013.
full member
Activity: 182
Merit: 100
Finding Satoshi
May 21, 2013, 07:22:10 PM
#12
It's going to stay at 120 forever......
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
May 21, 2013, 07:01:51 PM
#11
Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it. Smiley

If thats the case, I'll buy it off you for $70 right now. You'll be making a great profit.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
May 21, 2013, 06:46:57 PM
#10
Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it. Smiley

Okay sell all your BTC, delete your forum account and then return if it is $65.

No point posting on this forum right with that call lol
legendary
Activity: 1246
Merit: 1000
May 21, 2013, 06:02:12 PM
#9
Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it. Smiley

Quoted. Will get back to this post in a year from now. Wink
legendary
Activity: 1092
Merit: 1001
Touchdown
May 21, 2013, 05:47:13 PM
#8
Not really surprising - massive influx of interest and buyers, price skyrockets, lots of people sell to cash in, brief panic selling before the new investment floor is reached, then people buy hoping to cash in on the next price explosion.  Now everyone is holding out - hoarding - waiting for the next rise.

I think people will get bored and eventually sell.  A lot of coin hoarders have no idea how to use a coin for anything other than trading/speculation.  When they sell, I'd expect the price to drop.  BTC will be steady at $65 this time next year, I'm calling it. Smiley
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
May 21, 2013, 03:15:31 PM
#7
In this time of stability in the price of bitcoin, take a minute to think about how we got here and where we can from in terms of price.

Even in the shortest time frame you can say we spiked up and then leveled off....usually a sign of another spike up or as Cypher would call a "GRIND" up.
legendary
Activity: 1062
Merit: 1003
May 21, 2013, 01:28:24 PM
#6
We have no choice then, we must create a financial event  to manipulate the world markets for Bitcoins sake.

+10

a finely veiled attack against fiat and how it is used to buy drugs in murky street corners.


Just think of the crime fighting properties of Bitcoin..  Having a dealer lurking in an ally waiting for 3+ confirmations on dimebag payments gives the police those extra few minutes to catch him!  Grin
hero member
Activity: 727
Merit: 500
Minimum Effort/Maximum effect
May 21, 2013, 10:06:44 AM
#5
We have no choice then, we must create a financial event  to manipulate the world markets for Bitcoins sake.

a finely veiled attack against fiat and how it is used to buy drugs in murky street corners.

we could as well propagate the Money laundering risk of fiat, and how it makes it's users anonymous.

All that free floating faceless cash!


hero member
Activity: 784
Merit: 502
May 21, 2013, 04:13:49 AM
#4
yes is a bit boring this stability lark  Grin

we can't have our cake and eat it though. boring if stable, everyone moans if volatile.

A nice steady climb would be ideal but we don't live in an ideal world.

Maybe another banking crisis looms?

I agree, it's a case of waiting for the next inevitable banking crisis to push BTC back up. Then the inevitable, tedious, last minute crisis bailout with the accompanying media circus..
hero member
Activity: 518
Merit: 500
May 21, 2013, 04:06:20 AM
#3
yes is a bit boring this stability lark  Grin

we can't have our cake and eat it though. boring if stable, everyone moans if volatile.

A nice steady climb would be ideal but we don't live in an ideal world.

Maybe another banking crisis looms?
hero member
Activity: 721
Merit: 523
May 21, 2013, 02:22:59 AM
#2
Yes for now...
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