Topic: Why Bitcoin price is stagnating at 430-460$ price? - page 2. (Read 2332 times)

I have a theory:

In BTC we have 2 kind of price dynamic:

1- Going up/down a step:
This kind imo are the real backers of the BTC concept. When this kind of adpter grow occur they will seldom be affected by bad news in general. But this kind of user is harder to get, it is harder to go up a step.

2- Jumping in a step:
These are all the speculative + capital flight ppl. Those are very susceptible to bad news and in most cases responsible for the volatility.


So we can jump on a step and go very high, but the gravity will always pull us back to the step which prevent us from going lower than that steady adopter base.
Well that's how I see things.

I guess that stability could mean that there aren't many speculators or capital flight ppl around.

We can't ever explain the exact cause for a price but we can explain possible factors:

. Massive amount if interest in Bitcoin has been happening lately

. Lots of headline news that has wormed its way into mainstream media

. All of the above will mean more trade volume which should lead to more stable prices

. Governments have been openly declaring their intentions over the currency which should also increase the trade volume

It's interesting, if a market is really small and there isn't a lot of buying and selling either way going on then fuck all happens and the prices stay low, but when there's a massive spark of interest from people that's when anything skyrockets as people buy in and get more interested, then things start to settle down more over time as people get used to whatever happens to be new at the time. I wouldn't worry too much and just be happy your holding a currency that isn't going to get devalued any time soon unless the devs do something stupid, I'd actually say if Bitcoin stays like this for another year and doesn't move past $500 is when you should consider altcoins or other investments.

I don't think anything big is going to happen with Bitcoin until we see another collapse, but that will mean that selling Bitcoin will be pointless, I'd be surprised if it went past $1000 again without a collapse, $1000 just seems a bit too high for me right now because everyone is too calm.

Nobody could give you an answer to that; it's all speculation. I'd rather it stagnated than fell, that's for sure. I'm sure we'll see a rise soon enough on the back off some big news though. I think it's only a matter of time before a really big merchant accepts it, but then some bad news could also push it back down. Swings and roundabouts really. All we can do is wait and see.

Because silence prevails before the typhoon

e-bay is thinking, overstock is using, Google venture is backing... tide is coming

 

same question was asked when bitcoin was stagnant around $6 for months

As the title says I'm wondering why the price is stagnating at that price level, I understand that MTGox fiasco (which I think we are past that by now) and China has affected the price and made it drop to the current level, but it's been a while I didn't see any bit movement, is it due to low traded volumes? or someone is directly or indirectly affecting/controlling) the price ( as for indirectly I can think of the bitcoin sized by the US goverment and being sold for millions of $ worth ) but that alone doesn't explain the current price level as volumes are not that significant, the other thing I think of is the possible lost of trust being it permanent or temporary (due again to chinas indecisiveness) but with such low prices (the lowest in more than half a year on an average of a week period people not buying makes me really wonder)