It is getting ridiculous, the price is moving sideways. This is very unusual for Bitcoin.
Does it matter? I agree that it's quite a boring time for Bitcoin, but I'm sure we'll have a crazy ride at some point this year regardless.
Topic: Why are BTC prices not moving ? - page 6. (Read 9706 times)
Does it matter? I agree that it's quite a boring time for Bitcoin, but I'm sure we'll have a crazy ride at some point this year regardless.
Since it has been speculative up until this point, it has been flat due to lack of major news
There were news, like 2 big online stores accepting btc, quite positive looking btc hearings, Chinese exchanges working out the money deposits. It is getting ridiculous, the price is moving sideways. This is very unusual for Bitcoin.
Should take off when Obama causes the US to default on the debt, right?
I'm noticing a total silence on this threat from more experienced members. Probably because they have posted on threads like this so many times and they just keep coming up.
I'm new enough that I will take the time to comment.
Consolidation is right. Interesting chart that was posted. One thing that is interesting is lots of people have posted charts that are logarithmic in terms of the USD-BTC relationship, but few have posted charts that also take are logarithmic on the x axis, or in terms of time. This is my personal theory, and according to this assessment this sideways movement will lead to a slight gradual decline leading up to the next buying frenzy, which I think will be cause by the entry of a lunatic fringe of speculative buys in the financial sector. China is a possibility, as is the Chinese diaspora finding ways for mainland China to indirectly hold stakes in bitcoin. Same goes for the gold loving Indian diaspora.
Technical innovations in the remissions sector are another possible source of growth, as are more major retailers deciding to risk implementing bitcoin payment systems. The list goes on. It looks like most of the people posting here got in after the last rally. I got in on the previous rally and I remember feeling this way about 5 months ago. Come on people, is 6 months really too long to wait for a 500%+ return on investment? Only in bitcoin land... this really underscores the wisdom of the ol' watched pot that never boils...
I'm new enough that I will take the time to comment.
Consolidation is right. Interesting chart that was posted. One thing that is interesting is lots of people have posted charts that are logarithmic in terms of the USD-BTC relationship, but few have posted charts that also take are logarithmic on the x axis, or in terms of time. This is my personal theory, and according to this assessment this sideways movement will lead to a slight gradual decline leading up to the next buying frenzy, which I think will be cause by the entry of a lunatic fringe of speculative buys in the financial sector. China is a possibility, as is the Chinese diaspora finding ways for mainland China to indirectly hold stakes in bitcoin. Same goes for the gold loving Indian diaspora.
Technical innovations in the remissions sector are another possible source of growth, as are more major retailers deciding to risk implementing bitcoin payment systems. The list goes on. It looks like most of the people posting here got in after the last rally. I got in on the previous rally and I remember feeling this way about 5 months ago. Come on people, is 6 months really too long to wait for a 500%+ return on investment? Only in bitcoin land... this really underscores the wisdom of the ol' watched pot that never boils...
It is getting ridiculous, the price is moving sideways. This is very unusual for Bitcoin.
I think everyone is waiting for news from china, russia and usa.. I'm waiting for it also!
Quite a fair amount but since it's all just money to play around I don't mind.
Seems to quiet for me, I'd rather have it rising or falling.
how much do you have invested...if it is very little, then massive volatility is more exciting. If you have a good amount invested, then slow steady growth is by far better than huge price swings
goodbye bitcoin, goodbye my USD,
Of late BTC prices seem to have just been stuck ... why is it not moving up or down like earlier ?
Actually the price still move up and down. It is just less aggressive. I know because I am still making profit from trading.
I think people just get bored when there's not much activity. I must admit, it was more exciting when there's activity, but if you're looking for excitement from this I reckon you're in the wrong game, or will need a bit more patience.
I totally agreed with you. One of the key skill required for trading is patience.
I believe that next target point is 380-430 and do not going to pay for btc more than that.
Coins market is overbought right now and market realizing that fact sells coins, consequence of that we see now, and will see in the near future, price will fall proportionally of understanding overbought.
News will not be so big drivers, unless it's fundamental.
There is too much people who knows about crypto right now, and they want to be rich and become fast. Good fundamentals like recognition from government, feds seizure of accounts and imprisoning criminals who owned bitcoins is always good. For us it's always better if bad guys get arrested and coins become less (maybe just for some time). Therefore I do not believe that market will wait until "next wave" in the summer.
Accumulating news can be big catalyst in the future when we hit target point 380-430.
that's what i think.
Coins market is overbought right now and market realizing that fact sells coins, consequence of that we see now, and will see in the near future, price will fall proportionally of understanding overbought.
News will not be so big drivers, unless it's fundamental.
There is too much people who knows about crypto right now, and they want to be rich and become fast. Good fundamentals like recognition from government, feds seizure of accounts and imprisoning criminals who owned bitcoins is always good. For us it's always better if bad guys get arrested and coins become less (maybe just for some time). Therefore I do not believe that market will wait until "next wave" in the summer.
Accumulating news can be big catalyst in the future when we hit target point 380-430.
that's what i think.
... as this zone will become a new base from which future rises can be measured against.
The same could be said for a resistance zone, no?
Any chance to hit $5000 in the 2nd half of the year ?
This is the calm before the storm. The next storm coming, which I predict will arrive sometime in the next 4 weeks will bring the price of a single btc to over 5K.
I think an estimation above $3600 would be too optimistic for 2014.This is why. Prepare for CCMF in summer.
Yeah, charts are useless for things like Bitcoin. There's no point trying to read them or find patterns.
This zone of consolidation is inevitable after such a huge move upwards. It is an essential development if price is to continue rising, as this zone will become a new base from which future rises can be measured against.
If the adage 'everything that goes up must come down' is true then the exception would be 'everything that goes up, and consolidates, can happily continue on upwards'.
If the adage 'everything that goes up must come down' is true then the exception would be 'everything that goes up, and consolidates, can happily continue on upwards'.
This is why. Prepare for CCMF in summer.
Yeah, charts are useless for things like Bitcoin. There's no point trying to read them or find patterns.
This is why. Prepare for CCMF in summer.
I can not believe what I paid 1000 USD. 
Just now, I understand, Bitcoin is fog.
Just now, I understand, Bitcoin is fog.
Bitcoin is fog? It'll go above $1000 again, just be patient.
This is why. Prepare for CCMF in summer.
I can not believe what I paid 1000 USD.
Just now, I understand, Bitcoin is fog.
Just now, I understand, Bitcoin is fog.
Of late BTC prices seem to have just been stuck ... why is it not moving up or down like earlier ?
Isn't a steady price what we want? A wildly fluctuating price is counter-productive to BTC as a currency. However, I'm sure the price will change on the back of some good/bad news. Patience is all that's needed here.
Exactly this.
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