Topic: Vast expansion of BTC utility/reputation - but no rise in BTC price? Why? - page 4. (Read 5516 times)

Interesting. This is IMHO the only use / purpose of altcoins.

Many are pointing to market manipulation coming out exchanges in China as one reason.   http://www.coindesk.com/reality-chinese-trading-volumes/

Other reasons people have mentioned hold truth as well

1. Is the price actually being partially supported by multipools trading alt coins for BTC?

2. There is still trade in China and the Asia region, but the China policy on limiting fiat connectors and some merchants has slowed expansion into the wider population and this has subdued price increases.

3. Lack of clear regulation has prevented start-ups from going on a marketing drive to promote their new services.

4. China has a lot of problems with funds that lent out $1trillion over the last few years failing to meet their expected returns. This is causing financial stress amongst those put money in.

5. BTC is at a self-supporting level at the moment with the players already around and a slower than Sept-Nov 2013 expansion in its user base.

just my thoughts on what is going on with the price.

As a currency, its price vs other currencies doesn't matter per se, it's only rising because some people see it as a commodity, which is not necessarily a good thing to get a lot of people on board. You may be ready to put large parts of your assets, your salary, the fruit of your business, etc., in bitcoin, but most people will stay well clear of doing that.

it went up a shit ton already, dont forget it was hundred bucks few months ago

already priced in.

So over the last 2 months we have seen expansion with BTC on many, many levels: For example, a whole bunch of new BTC ATMs were installed, many more people have heard of BTC now (does your auntie know what it is now?), a lot more businesses are accepting BTC, the MSM press is suddenly filled with articles about it, new services popping up everywhere - but the price has not been rising!

Now you could say I'm way too impatient, the price has just quadrupled or so, and of course BTC evaluation has made huge progress, but that was longer ago than all those innovations taking place. So why is that?

Is this about cycles (fundamental expansion/ price expansion and contraction), or is it simply that price lags a bit behind the fundamentals (how much? wouldn't we have to see a new spike in prices soon? how many people are standing on the sidelines waiting?)?

Maybe some seasoned bitcoiners can tell us their thoughts: How has the expansion played out so far in past cycles (crash last spring, etc..)? Any coherences?

For example, I heard about BTC for the first time in March 2013. It wasn't until December 2013 that I put some money into it though. Maybe that's the ordinary way it goes psychologically - there is just some "incubation period".

How long did it take for you between hearing about BTC and investing in it?