The Price | Bitcointalksearch.org

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: tazman2150 on July 05, 2014, 05:50:34 PM

First of all i ain't no troll and hope and want the value of Bitcoin to go up because we all know that will lead to more interest, Investment and more adoption. But you know how when people say the price is going side ways or crashing and then other people say what you talking about? The price is way above what it was this time last year. Well that is true but what happens after about November? Because that's when the price shot up to the level we are at today, I know the price went way up by that and then crashed and from there has settled at where we are at today around the $600 mark, But from here where do we go?

just have patience, look at charts from 2 years ago and if you look carefully you see a pattern.

Bitcoin growth during a period of 1 or 2 months and growth exponentially during these times, than the following 6 months or so it moves horizontally or diagonally downwards (linear).

OnkelPaul

legendary

Activity: 1039

Merit: 1005

No, we're absolutely not there yet - the current "stability" is basically an "undecided" phase within the speculative phase.
As long as bitcoin isn't an established mechanism for financial transactions, it's price will vary wildly, driven by speculation. However, if and when we get into a phase of true price stability and wide adoption of bitcoin, its price will be much higher than today because it otherwise couldn't hold the liquidity in real value that's required to support the transaction volume.

Onkel Paul

Febo

legendary

Activity: 2730

Merit: 1288

It is last time price finally stabilize. BTC will just raise 3% per year from now on. That will do miracles on Bitcoin. People just love stability.

okthen

hero member

Activity: 490

Merit: 500

Quote from: tazman2150 on July 05, 2014, 05:50:34 PM

First of all i ain't no troll and hope and want the value of Bitcoin to go up because we all know that will lead to more interest, Investment and more adoption. But you know how when people say the price is going side ways or crashing and then other people say what you talking about? The price is way above what it was this time last year. Well that is true but what happens after about November? Because that's when the price shot up to the level we are at today, I know the price went way up by that and then crashed and from there and has settled at where we are at today around the $600 mark but, But from here where do we go?

Well, all the TA around indicated we're in a consolidation period. So a bit of sideways motion might expect us. But the way is up, there are not many bad news around (no China fud), the auction is over, and many big names are getting in/talking about getting in.
We just need one more piece if great news and then it will be a snowball effect... Except upwards

tazman2150

newbie

Activity: 11

Merit: 0

First of all i ain't no troll and hope and want the value of Bitcoin to go up because we all know that will lead to more interest, Investment and more adoption. But you know how when people say the price is going side ways or crashing and then other people say what you talking about? The price is way above what it was this time last year. Well that is true but what happens after about November? Because that's when the price shot up to the level we are at today, I know the price went way up by that and then crashed and from there has settled at where we are at today around the $600 mark, But from here where do we go?

Topic: The Price (Read 1327 times)