Quote from: bitsmichel on June 20, 2014, 07:57:00 PM

Quote from: faalhaas on June 20, 2014, 08:34:15 AM

And we will be floating around 500-600 for more then 4 months?

It would be a very boring 4 months, but at the same time many of us would be making profits here anyway in one way or another.

My prediction: I think, many people around the world have not understand the power of bitcoin yet and are mostly clueless about it. Once the mainstream is reached, there would be a massive uprise in market price. Adoption generally does not happen at once, but is a process which goes over time.

The adoption is only going to grow whether its gradual or quick. Its better to see a stable price and a gradual rise than monkeys throwing crap cakes kind of scenario like it happened with the Chinese fiasco. The fact that its holding in a stable pattern is very good news for long term BTC outlook.