Bitcoin stability - page 3. | Bitcointalksearch.org

netrin

sr. member

Activity: 322

Merit: 251

FirstBits: 168Bc

Quote from: ElectricMucus on November 12, 2011, 02:10:45 PM

If bitcoins price were driven by commerce the would be around 10-20 cents right now.

That would mean a market cap of just under a million dollar which is still optimistic. Rationally it would even be something like 10 - 100K.

Can you please post your calculus, including velocity of exchange.

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

If bitcoins price were driven by commerce the would be around 10-20 cents right now.

That would mean a market cap of just under a million dollar which is still optimistic. Rationally it would even be something like 10 - 100K.

Dansker

hero member

Activity: 740

Merit: 500

Hello world!

I think you confuse my longing for stability with a longing for things being static.

I want the price to fluctuate, just less wildly.

Vandroiy

legendary

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Merit: 1002

Quote from: Gabi on November 12, 2011, 07:17:22 AM

Do you realize that if more people use it to trade it's price increase? The fact that it is NOT rising means no new ppl start to use it

Not true IMO. Price is currently totally dominated by speculation, and new markets grow exponentially from tiny seeds. There is no way you can extract such information out of the price chart, let alone at the end of a huge bust.

If you want to figure out such things, look at more businesses like bitcointorrentz or Casascius or Spendbitcoins. Their statements are 2:1 positive:negative, so we don't really have a conclusive image.

gimme_bottles

sr. member

Activity: 316

Merit: 250

Quote from: Gabi on November 12, 2011, 07:17:22 AM

Quote from: Dansker on November 12, 2011, 06:40:12 AM

So we have finally gotten it: STABILITY!

I think it's great, the price hovers around 3, and the market seems to have decided on a base value for bitcoins.

This is not good news for currency speculaters, but great news for bitcoins as a currency used for trade.

Do you realize that if more people use it to trade it's price increase? The fact that it is NOT rising means no new ppl start to use it

+1

sad, but true

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote from: Dansker on November 12, 2011, 06:40:12 AM

So we have finally gotten it: STABILITY!

I think it's great, the price hovers around 3, and the market seems to have decided on a base value for bitcoins.

This is not good news for currency speculaters, but great news for bitcoins as a currency used for trade.

Do you realize that if more people use it to trade it's price increase? The fact that it is NOT rising means no new ppl start to use it

S3052

legendary

Activity: 2100

Merit: 1000

Althought many dream that this would remain like that, I can guarantee you that this is very temporary. We are set for huge volatility the next weeks, months and probably years to come.

Dansker

hero member

Activity: 740

Merit: 500

Hello world!

So we have finally gotten it: STABILITY!

I think it's great, the price hovers around 3, and the market seems to have decided on a base value for bitcoins.

This is not good news for currency speculaters, but great news for bitcoins as a currency used for trade.

Topic: Bitcoin stability - page 3. (Read 5436 times)