Re: Why is bitcoin price not going up?

Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?

Bitcoin is scheduled to trade in a narrow range of 102 to 108 dollars until September. From September until January it will gradually increase reaching a high of about 118. That is why I am holding strong to my bitcoins till then. The 2014 schedule has not been decided yet.

lol, what's your source?

It was in one of those articles about stuff the NSA does. If you can understand it it is in the MtGox source code.

I've no idea if that is true or not. But the point is it could be. Gox still has too much impact on the prize and so it's very easy for the authorities to prevent the creation from rising in value. And they sure do. We can't really know how much a Bitcoin is worth as long as we let the decision to centralized exchanges. A decentralized creation like bitcoin also needs decentralization when it comes to defining the prize. There is a lot of work to do before we are able to get there. Until then you can't expect any rise in value at all.