Quote from: ShroomsKit on November 22, 2014, 05:59:14 PM

Quote from: shmadz on November 22, 2014, 05:45:01 PM

Quote from: ShroomsKit on November 22, 2014, 05:11:33 PM

Quote from: alex0909 on November 22, 2014, 04:59:27 PM

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.

Every time there are new buyers traders will dump straight in their face and scare them away.

That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.

I realize it's futile to argue with artificial intelligence but I feel compelled.

Dumpers, pumpers, buyers, sellers... all traders are part of price discovery.

The lack of consensus on price can only be solved through markets, market participants, and market makers.

We are witnessing a free market price discovery phase.

The true price cannot be known without this process.

Deal with it.

Bitcoin wasn't made for trading. It was made to be used as a currency. People buying coins to use them.
The price discovery through traders is bullshit.

I am no fan of pump and dump, but if Bitcoin is supposed to be a free global digital currency it sort of have to deal with it. If it can´t stand the heat then it is no good in the long run.