I don't use to open discussions here because all my questions have already been answered somewhere in this forum however I cannot understand what is going on in these days with the bitcoin price. Let me explain myself:
It is clear for me that in this year (2014) we are a lot better than years before. We can buy directly with bitcoins in overstock and paypal has "integrated" bitcoin in its payment system. I also saw a browser extension that allow us to buy in amazon (there is a middleman).
Without MtGox and after the 2013's bubble the ecosystem looks healthier than before.
There weren't bad news in 2014, no more repetitive-fear-generator SilkRoad / drugs / isis / satan news. In fact there were more good news thanks to new projects/startups.
I think that in this atmosphere the bitcoin's price shouldn't go down. What is going on? Do you know?
It's often discussed. The simple answer is, that the price is low due to price manipulation. Speculators can just make more money with high volatility and that is mostly what all the exchanges are about: Making money with speculation.
That is exactly the reason, why so many people don't look at the price anymore. If you look at other metrics you see, that the BTC-economy is growing.
Indeed.