Topic: The reason for a stagnating price - page 2. (Read 3187 times)

Could also be hoarders are selling bitcoin for their vacation. And hence the dropping during Summer and up during Winder and Fall.

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

So If I own a few BTC I potentially own a significant share of a nations wealth

Bitcoin and ponzi in the same sentence... In 2014...
/thread

Ok chief 

This is unreal.

This^

The "average joe" most likely won't ever use BTC and that's fine. Another crypto will fill the role of daily use. Bitcoin will serve the role of reserve crypto asset, maybe even used by nations to transfer wealth globally. We don't need the "average joe".

Cryptos are my retirement hobby. My latest experiment is to see just how much of my finances I can 'run through' cryptos, here in my corner of Western Australia:

One: we have set up an in-house exchange at my home coin, Unobtanium, and we are sizing up an Australian bullion dealer. I will buy bars of silver; have them mailed within Australia (insured and legally); and receive UNO for them. I have set up several friends and neighbours to take Bitcoin and Uno, so I can have small amounts of groceries and a bottle of beer delivered, and pay in crypto. An Australian company has listed UNO and a number of other small coins as payment options for their gift cards, with which I can buy clothes, records, petrol, hardware, groceries, and other stuff. The mark-up on the cards is surprisingly low. We hope to get our local cafe to accept cryptos. The Community Resource Centre in a nearby town accepts Bitcoin -- we set it up. You can have jams and chutneys mailed as 'Intro to Crypto' gifts (though it's expensive with the postage added). I pay for my computer repairs with Uno. We have sold jams and chutneys for cryptos at local markets.

Ya wanna know the secret? Get up, and walk away from the screen. Take cryptos to The 99%

If any Australian wants to chime in, coms visit at the Uno In-House Exchange. You must trade long enough to establish trust, then you will be able to buy bullion for cryptos.

Mark (IndiaMikeZulu), Australia

In the beginning of 2014 I once woke up at night with these two words in my mind: consolidation centre

Not being natively an English speaking person I did not know what was the meaning of consolidation, so I wrote these words down and checked it in the morning. The definition did not tell me anything but soon I saw many people in the bitcointalk forums talking about consolidation. I then realized the message of that strange dream. Many of my dreams are not reliable though and that's why I don't talk much about them nor take them too seriously. However, I feel confident believing that we have been experiencing a consolidation ever since the last bubble.

Stagnating but growing strong considering all those btcs being mined everyday.

"The value of bitcoin is completely determined by what a person is willing to pay for it"
If people traded rocks, then rock will gain value. period.

Faillling FUD ....  

Aren't you aware of the wealth storage role of money?

I only partially agree.
BTC needs to be used daily by everyone who is lingering here.

stability is what btc needs to gain credibility as a legit currency

Enlighten us mr ponzie.

I don't think it is personally, but the major part of my friends not buying into bitcoin think it is. Also, ask at all the bag holders.

It is stagnant, if you take the absolute value as compared to the trend, we are in the 100s for a long time now.

Main point is: If you want bitcoin to thrive .. USE A % OF YOUR HOLDINGS REGULARLY !!!!!!!

ponzi not ponzie haha..

Anyways the price is not at all stagnant if you compare with any other investment.... if your hand is weak sell.

Looks like you have no idea what a "ponzie scheme" is.

get rich quick dream won't work, people is getting out of bitcoin and bitcoin is going down, don't be the last bags holder