Quote from: Rastanan on August 10, 2016, 05:56:49 PM

Quote from: pearnapple on August 09, 2016, 10:47:17 AM

Quote from: ~Bitcoin~ on July 30, 2016, 04:20:26 PM

I think this is accumulation stage and not a barrier price it is constant because whales want to keep on accumulating as much bitcoin they can because pump in price is quite sure after few months from this point.

or not, sometimes people just like to see this number so they try the price to be bouncing around about it though it is not good for the bitcoin

When the price of bitcoin trade around a centre point, that is a kind of price stability, I think it is good for mass adoption.

I agree with that statement, though stabilizing at 666 (which we're not currently at) would funny at best, a turnoff to the religious crowd at worst. Otoh, part of the reason so many people are into bitcoin is that there's a chance to make money by hodling, and for that we need an upward trajectory of the price. I myself am not looking for stability because I don't spend bitcoin. If we get back to $666, I'll be happy.