Remember that USA is about 5% of the world population, so I wouldn't expect holidays in one country to make too much difference in a global market. China might be a different story as they seem to be the main players.
I can easily see 10% gains in a year (if you smooth out the highs and lows). BTC'ers seem to be tolerant of higher risk than people for example, looking provide a reliable income from their life long savings put into BlueChips or something in their later years, than young guns who can afford a few mistakes when they are in their peak learning years.
Topic: UPDATE - page 17. (Read 20295 times)
The bitcoin is not a popular store of value at present as it is too volatile. When the price is 100 times of present value, it will be more difficult to be manipulated. So the price will be more stable.
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
we will do not worry price is stable in 320 range - or + depends of market or exchange
Stable price is good for the adoption of bitcoin. If the price rises 10% a year, and the fluctuation below 5% within a year, it will be a good investment.
Don't let me crush your dreams but stability is something that we won't see for a while in Bitcoin! Bitcoin will grow and will grow in bubbles and we will have at least 2 or 3 more bubbles until the year 2020 and with these bubbles we will have a crazy volatility. Why? Well as huge new influx of people will be happening, you can't expect that we grow only 10% yearly. That's impossible. If 200,000 people discovers Bitcoin and wishes to invest just a bit into it, the price will shoot up like crazy.
This volatility will be happening also until our market cap doesn't increase at least 10 folds! Our market is just too little and very easily movable!
A rise of 10% per year is good if the price is in the +$1000 range. If at current price it will take a full year to just see a 10% increase, then a lot traders will lose interest.
Uh, how... what...?
If a trader buys BTC with $1000, at $250 for 1 BTC, and the price goes up 10% over 1 year - they can sell their 4 BTC for $1100.
If a trader buys BTC with $1000, at $1000 for 1 BTC, and the price goes up 10% over 1 year - they can sell their 1 BTC for $1100.
What am I missing?
I meant to say that at current price $325 a 10% increase would result in a $32.50 rise over a 1 year period. Which is too little for a lot people. With the price at $1000 the 10% rise is $100. That's a better increase when the price is going up just 10% over a 1 year period. I was talking about 1 Bitcoin. I should have stated that in my previous post.
A rise of 10% per year is good if the price is in the +$1000 range. If at current price it will take a full year to just see a 10% increase, then a lot traders will lose interest.
Uh, how... what...?
If a trader buys BTC with $1000, at $250 for 1 BTC, and the price goes up 10% over 1 year - they can sell their 4 BTC for $1100.
If a trader buys BTC with $1000, at $1000 for 1 BTC, and the price goes up 10% over 1 year - they can sell their 1 BTC for $1100.
What am I missing?
nothing you will have this 10% profit and it better that you have 4 coin rather then one
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
Some people are speculating that a bunch of people will dump their bitcoins because of the holidays in exchange for fiat.
We all got our own speculations about it I guess. I'm going to continue to holding on a bit longer.
A rise of 10% per year is good if the price is in the +$1000 range. If at current price it will take a full year to just see a 10% increase, then a lot traders will lose interest.
Uh, how... what...?
If a trader buys BTC with $1000, at $250 for 1 BTC, and the price goes up 10% over 1 year - they can sell their 4 BTC for $1100.
If a trader buys BTC with $1000, at $1000 for 1 BTC, and the price goes up 10% over 1 year - they can sell their 1 BTC for $1100.
What am I missing?
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
we will do not worry price is stable in 320 range - or + depends of market or exchange
Stable price is good for the adoption of bitcoin. If the price rises 10% a year, and the fluctuation below 5% within a year, it will be a good investment.
A rise of 10% per year is good if the price is in the +$1000 range. If at current price it will take a full year to just see a 10% increase, then a lot traders will lose interest.
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
we will do not worry price is stable in 320 range - or + depends of market or exchange
Stable price is good for the adoption of bitcoin. If the price rises 10% a year, and the fluctuation below 5% within a year, it will be a good investment.
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
we will do not worry price is stable in 320 range - or + depends of market or exchange
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
The price action is random as traders have different opinion. The consensus at present is that the bitcoin is worth around $320.
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
And I don't see why the price should increase during the holidays.
I rather believe we will go down a bit because people buy presents and other stuff for christmas.
But I hope we can hold the $300 range.
I still expect a Christmas rally but for some reason it is constantly delayed and the price is like magic revolves around the 300 USD.
The price is stable after the recent dramatic rise and correction. It is the normal behaviour of price action.
Nothing is happening to the bitcoin price, Its just stabilizing around the $350 mark for now.
Personally I am waiting to see what happens to the price on black friday.
Personally I am waiting to see what happens to the price on black friday.
nothing will happen
price will stay the same maybe something small in + or - but nothing big
i share optimism for what happen 2013 but hardly expect to see it again with that range
Some people wanted to buy lots of coins, and decided to buy in the exchanges. So they did and the price skyrocket for a while, and when they stopped, the price stopped to grow and stabilized around 300.
That's my theory
That's my theory
Nothing is happening to the bitcoin price, Its just stabilizing around the $350 mark for now.
Personally I am waiting to see what happens to the price on black friday.
Personally I am waiting to see what happens to the price on black friday.
Those whales you are referring to are nothing more than traders/holder like the rest of us; ...
Caveat: The rest of us can't execute multi-thousand BTC trades, across every exchange, with split-second timing.
I could do it. I just choose not to.
It's simple, some whales are playing with the price. We can predict the price, but the whales are determing the price. It's a rich man's world.
Those whales you are referring to are nothing more than traders/holder like the rest of us; they trade based on the probability and estimated determined by current state of
things, and currently bitcoin is more or less pretty wanted. I wouldn't sweat about it too much in the end, because if you're thinking long term - anything under 1k/btc is a steal.
It's simple, some whales are playing with the price. We can predict the price, but the whales are determing the price. It's a rich man's world.
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