Quote from: painlord2k on August 30, 2014, 01:42:32 PM

Quote from: dedcoin on August 29, 2014, 08:31:18 PM

Hodling =>

Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!

Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!

I did ..

Good.
But holders (savers) are telling the market the price is not high enough to part them from their bitcoins.
They are probably buying more when they can, because they think it is a bargain.
This increase the price of bitcoins.

The problem is, too many people are vacationing at this time (summer is always a weak season for trading and investing) and sellers don't stop to sell.

Winds will change during Fall and Winter.

Could also be hoarders are selling bitcoin for their vacation. And hence the dropping during Summer and up during Winder and Fall.