sideways for so long now.... - page 2.

Kipsy89

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Activity: 280

Merit: 250

Relax!

Quote from: jubalix on August 10, 2014, 07:16:08 PM

stability like this generally precedes growth....but damn if it isn't boring

I wish we were still in a sideways movement. These drops are making me sick, man! I just can't take these uncertainties anymore... There was supposed to be a bubble and now everyone's talking about capitulation, man!

Cranky4u

hero member

Activity: 810

Merit: 1000

Quote from: ravenjt on August 12, 2014, 06:46:55 AM

I haven't looked at Bitcoin for months, until just now.
Damn, it's hardly changed at all in the last six months. Some variation, but no overall trend up or down.
Also striking is that volumes haven't increased either. It must just be a sea of people holding BTC, with no dividends, in the hope of a new price bubble, so they can sell up and return to fiat.
But there is no news. No large scale increase in use, or major new investor, or price variability or anything.
I can understand that you must all be very bored!

My forecast, for what it's worth, is that the stability will remain as everyone just holds, until one day something better is invented, then BTC will collapse, quietly, and without any fanfare.

sadly suspected by a few ppl...will it become true....*shrugs*

ravenjt

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Activity: 215

Merit: 100

I haven't looked at Bitcoin for months, until just now.
Damn, it's hardly changed at all in the last six months. Some variation, but no overall trend up or down.
Also striking is that volumes haven't increased either. It must just be a sea of people holding BTC, with no dividends, in the hope of a new price bubble, so they can sell up and return to fiat.
But there is no news. No large scale increase in use, or major new investor, or price variability or anything.
I can understand that you must all be very bored!

My forecast, for what it's worth, is that the stability will remain as everyone just holds, until one day something better is invented, then BTC will collapse, quietly, and without any fanfare.

tss

hero member

Activity: 742

Merit: 500

Quote from: InwardContour on August 11, 2014, 04:22:27 PM

There are too few negative threads about bitcoin's value, when the speculation forum will be full of bears then the time for a new rally is come.

+1
so true.

Corelianer

full member

Activity: 309

Merit: 100

Quote from: Ibian on August 10, 2014, 09:54:52 PM

Quote from: lemfuture on August 10, 2014, 07:30:01 PM

patience is a virtue

Is it? Let's while away the time with a bit of philosophy.

According to Aristotle, wisdom is living according to the virtues. But not too much, and not too little. For example, too little courage is cowardice, and too much is recklessness. Lack of patience is impatience, and too much patience is... what?

my gosh that's the wisdom of the day! Grin

JerryCurlzzz

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Activity: 504

Merit: 500

Quote from: desired_username on August 12, 2014, 02:49:53 AM

Quote from: devphp on August 12, 2014, 12:48:03 AM

Wall Street is not going to invest in crypto currencies on any major scale. This goes against all they rely on to make a living, and would undermine their own existence. Who would do such a stupid thing.

Wall street is utterly rotten - I'm not sure why would anyone want them to hop in

Well, I think it's pretty obvious. People figure that Wall Street funds invest in the billions, so considering bitcoin's market cap, if they actually wanted to invest that kind of money, it would have to drive up the price considerably. Wouldn't you agree?

Now the question is, do they want in? Tongue

desired_username

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Activity: 886

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Quote from: devphp on August 12, 2014, 12:48:03 AM

Wall Street is not going to invest in crypto currencies on any major scale. This goes against all they rely on to make a living, and would undermine their own existence. Who would do such a stupid thing.

Wall street is utterly rotten - I'm not sure why would anyone want them to hop in

If wall street will indeed jump in - they won't make the average, pathetic peasant rich - they will use every single tool at their disposal to rip off the community by FUD and price manipulation.

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: fdiini on August 12, 2014, 02:39:49 AM

No longer sideway. We are on the down trend right now.

Litecoin and NXT dropped more than 20% alone today. I would be worry if I am holding a lot of bitcoin.

I'd be more worried to be holding litecoin. It's been a rough road for LTC bagholders -- my heart goes out to you guys. BTC might dive to 500 or 450 and back, but we're going to the moon........... someday........

fdiini

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Merit: 100

No longer sideway. We are on the down trend right now.

Litecoin and NXT dropped more than 20% alone today. I would be worry if I am holding a lot of bitcoin.

traderCJ

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Activity: 280

Merit: 250

Quote from: devphp on August 12, 2014, 12:48:03 AM

Wall Street is not going to invest in crypto currencies on any major scale. This goes against all they rely on to make a living, and would undermine their own existence. Who would do such a stupid thing.

Until they can effectively own it, you are right. They'll just gently nudge everyone towards, google wallet, or whatever else has been blessed by TPTB. The sheep find comfort under big brother's shadow.

devphp

sr. member

Activity: 336

Merit: 260

Wall Street is not going to invest in crypto currencies on any major scale. This goes against all they rely on to make a living, and would undermine their own existence. Who would do such a stupid thing.

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: Brewins on August 11, 2014, 10:17:13 PM

Quote from: kireinaha on August 11, 2014, 09:50:47 PM

You really think a market that has been steadily falling in value for almost a year is a market that encourages new players? People join markets when they're rising... not when they're sideways followed by a crash every couple weeks. Bitcoin is poison right now to most investors.

Pro players don't enter a market after a big rise and all the media saying about how marvelous Bitcoin is, they enter the market while we are in downwards, then eat the noobs that only enter the market when the train has been gone.

The current market probably will atract pro players to come in, but not the average joe sardine, that would end up being eaten anyway.

We've been in a downtrend all year and no deep pocket investors are here to save us. Don't you see? We're all "waiting for Godot".

If Wall Street was going to invest in bitcoin... they would have invested in bitcoin.

Brewins

legendary

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Quote from: kireinaha on August 11, 2014, 09:50:47 PM

Quote from: Cablez on August 11, 2014, 08:07:06 PM

I for one really like the sideways movement. It lets in new players with minimal fear and is good for business. Really pants for trading though, lol.

You really think a market that has been steadily falling in value for almost a year is a market that encourages new players? People join markets when they're rising... not when they're sideways followed by a crash every couple weeks. Bitcoin is poison right now to most investors.

Pro players don't enter a market after a big rise and all the media saying about how marvelous Bitcoin is, they enter the market while we are in downwards, then eat the noobs that only enter the market when the train has been gone.

The current market probably will atract pro players to come in, but not the average joe sardine, that would end up being eaten anyway.

Chef Ramsay

legendary

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Quote from: BitcoinBobbeh on August 11, 2014, 02:13:43 PM

The guy in my signature can't be wrong.

My other favorite comment is, "You can take it to the bank" or "You can bank on it." People want the price to rocket up and hit a new high which will inevitably come back down for a certain time but settle well above a level where most people can accumulate anything substantial.

For all the folks w/ single digit coins or less, this time of a relaxed price should be a Godsend to do what's necessary to up one's ante for when things start to launch over the next few years. If the train leaves tomorrow and settles at $5k by the end of the month but one only has a coin or so, not so good. But, if you're able to accumulate a handful or more before the inevitable price movement in the future, you'll be much better off obviously so lick your chops and get busy buying when ya can.

falllling

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Activity: 112

Merit: 10

Quote from: kireinaha on August 11, 2014, 09:50:47 PM

Quote from: Cablez on August 11, 2014, 08:07:06 PM

I for one really like the sideways movement. It lets in new players with minimal fear and is good for business. Really pants for trading though, lol.

You really think a market that has been steadily falling in value for almost a year is a market that encourages new players? People join markets when they're rising... not when they're sideways followed by a crash every couple weeks. Bitcoin is poison right now to most investors.

agree

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: Cablez on August 11, 2014, 08:07:06 PM

I for one really like the sideways movement. It lets in new players with minimal fear and is good for business. Really pants for trading though, lol.

You really think a market that has been steadily falling in value for almost a year is a market that encourages new players? People join markets when they're rising... not when they're sideways followed by a crash every couple weeks. Bitcoin is poison right now to most investors.

falllling

member

Activity: 112

Merit: 10

no more sideways, crash it is!

TheJuice

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Quote from: Cablez on August 11, 2014, 08:07:06 PM

I for one really like the sideways movement. It lets in new players with minimal fear and is good for business. Really pants for trading though, lol.

I think we are due for some excitement tho... been a boring 5 months.

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

I for one really like the sideways movement. It lets in new players with minimal fear and is good for business. Really pants for trading though, lol.

Newbie1022

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Activity: 238

Merit: 100

Quote from: tss on August 11, 2014, 03:37:20 AM

what happened to all the bitcoin is too volatile talks.
i hope some moron dumps a shitload in a day with a market order and everyone panics.

:-)

Nailed it!!!

Topic: sideways for so long now.... - page 2. (Read 4983 times)