Quote from: ensurance982 on April 08, 2015, 01:56:48 PM

Quote from: pleaseexplain on April 08, 2015, 01:53:29 PM

Quote from: ensurance982 on April 08, 2015, 01:33:34 PM

Quote from: pleaseexplain on April 08, 2015, 01:28:25 PM

Quote from: ensurance982 on April 08, 2015, 12:51:39 PM

Quote from: zyzzbrah on April 08, 2015, 12:38:05 PM

Quote from: kwukduck on April 08, 2015, 11:09:20 AM

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

lol at trying to spread more fear to get the price down because your shitty 160 prediction by april 14th is about to fail.

Honest question (I'm thinking a lot about this lately): Do you guys think that the outpour of negative and bearish posts here (and other places) really causes the price to go even lower, resulting in cheaper coins for those people?

yes I do. We all know the bitcoin price has historically been highly volatile and now for about 3 months the price has (except for 1 day) stayed in a $200-$300 band. This is despite some of the bulls wishlists eg eft, gemini slowly getting through the regulatory hurdles. So if we have good background news out there and yet it does not move the price up then the bulls start trying to read smoke signals from other places as drat and damn the price may just slowly go down. Smoke signals include continuing bearish forum comments as to the bulls they will have an element of truth since the best the price can do is stagnate. if you are a bull trying to go to the moon that is as good as your rocket ship stuck on the launchpad.
This should be worth about a $5 further dip in the price?

Good news don't do anything to the price, anymore. It's too hard to actually gauge what influence something will have on the price. If there are rumors about eBay accepting BTC in the future, how would this justify a 10% rise in price? The market is completely based on speculation alone, it seems.

I see bitcoin being at times much like a commodity and as you say if good news does not move the price then there are serious issues (in terms of where the price can go) for any commodity that shows this behaviour.

I believe the technology is highly interesting and it is a one-of-a-kind asset (don't get started on altcoins, they don't matter) and it will have its place in the financial world. We need to find out which place this is still, though. It's now mostly speculation-driven.

I am also a believer that bitcoin has its place but in terms of its price i think it has always been highly speculated virtually since day 1. eg price on april 11 2011 was 96c. Price on june 20 2011 was $17.36. that is some rise over just 70 days