I think your two goals are kind of at odds with each other...as soon as there is a hint that there is more stability and more "markets" lets say exchanges improved ecosystem and adoption growth and clearer regs etc.. as soon as the market gets (even more of) a whiff of that then , the price will go up to price it in, not down, unless "they" manipulate the exchanges to get a better price to buy in at...hmmm
Yes, that's the point. Investing into BTC is only attractive if there is a reason for the high price or the price would be low enough. When the price is high without a reason, other then desperation of fanatics, then it's not a good investment.
News I care about are:a) Opening/Closing of markets
b) Changes in legislation
c) BTC code
Rest of the news don't mean much to me when speculating the price. During the previous period
a,b and
c have only been negative. So, to me, there is no rational reason for the price to be much over then it was before the China boom. It's not the first time when markets are not rational and hold the price up by fanatics or manipulators. And this kind of irrational market,
that is held up by pillars that are on a verge of breaking, is a big no-no as an investment opportunity.
The price has to rest on a more solid base then on "will of the HODLERS", or it has to create real increase in demand. Either one has to happen to shock this 2 month old dead cat to life. It could of already have been in a slow and stable uptrend if the market would have been more rational and finished the "loss of China" crash without denial.
It's stupid because it only wastes time..
Well we agree all but on the one point then... (in bold)
With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had... more regulatory clarity than it has ever had around the globe.. more investment and more users than it has ever had... and also it is still standing.. these are all very good signs.... the money is invested and is seeding and fruiting now already, the regulations are being written, the ecosystem built, the users and belivers are all talking and eventually even their grans are going to have Bitcoin walllets if they want them or not (in my family anyway) so it is those wheels in motion as we speak, right now that money, those devs, that work, the plans, the work of lawsky and co on the regs, all of these things are occuring right now.. as I type. So it is that coupled with an understanding of the power of network effect, coupled with the fact that I do not see Mt Gox taking down Bitcoin, I do not see the malleability issue doing so either, I do not see it being banned, so in the mid term I cannot see any reason wy it would go down in price either.. thats my point... I think that the problems will get less as the ecosystem develops which it is doing so, and as soon as Lawsky & Co do their thing, and the legal picture is clear , then the projects will spring up everywhere (some are already in dev now ,and some will start once regs are clearer) and the ecosystem will spring up super quick, and some of the big players that spring up next, will be in the public domain for decades.. These developments
are happening
right now they are the foundations... they have been poured, and they are now just getting ready to set.
Do you consider that last year the price at $1100+ was unstable and to high, and that we have just had "bitcoin going lower"
Else, what is your ideal figure I wonder? and why ?
