Bitcoin will stabilize at the same price that it was at 2 years ago.. $150-$200 - page 3.

gentlemand

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Quote from: bornil267645 on May 27, 2015, 08:29:25 AM

Bitcoin has shifted in price by less than 0.5% in the recent times. That tells me it is trying to remain stable. So I am not that surprised to see it happening because I wanted it to get stabilized in order to gain more trust among the users and investors.

But if it convinces more people that it's worthwhile to use, the market is still so microscopic that a wave of real adoption would kick the whole thing off again.

bornil267645

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Bitcoin has shifted in price by less than 0.5% in the recent times. That tells me it is trying to remain stable. So I am not that surprised to see it happening because I wanted it to get stabilized in order to gain more trust among the users and investors.

medUSA

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Quote from: melody82 on May 27, 2015, 06:41:29 AM

I think it wont ever stabilize until there is widespread adoption, but there won't be widespread adoption until the price is stable Tongue

Most people might be nervous using a currency that can change so quickly especially if they only want it for purchasing and not investing.

Pretty sums up what I believe about achieving bitcoin stability.

It is difficult for merchants to accept bitcoin if bitcoin price is so volatile. Their solution now is an immediate fiat conversion. I would like to see more merchants, small or large, actually hold bitcoin, and that will not happen until they know bitcoin can retain it's value over a longer period.

For me, I am fine with bitcoin stablising at $200 or $300 (or higher). I would loose some money for buying in at higher levels, but it's for the greater good. Wink

gentlemand

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Stability comes in many forms.

I'd guess the current stability comes from market exhaustion and very limited demand.

Downside through indifference is very possible but there are buyers willing to defend certain price points. Whether their willingness to sustain it continues is another matter.

Fiat_Hodler

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probably 300-400 for now.

melody82

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Interesting prediction. I think it wont ever stabilize until there is widespread adoption, but there won't be widespread adoption until the price is stable Tongue

I would like to see the price fluctuate no more than 1% a week. I know this seems absurd but it would allow wider adoption. Most people might be nervous using a currency that can change so quickly especially if they only want it for purchasing and not investing.

If the price does go down I don't really mind because I can buy on the dip. I think that unless there is a catastrophic system failure of some kind bitcoin will have a good long term value.

BitmoreCoin

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Quote from: Bananana on February 15, 2015, 08:59:01 AM

More like stabilizing at $200 to $250 instead of $150 - $200.

I also noticed that.

randy8777

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Quote from: Xiaoxiao on May 27, 2015, 02:55:25 AM

I've made several sharp predictions in the past, all of which helping me to put coins in the bank!

i still think it will go sub $200 but definitely not in the range of $100-$150 that's too low. my guess is $190 and then back up again.

Xiaoxiao

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I've made several sharp predictions in the past, all of which helping me to put coins in the bank!

ajw7989

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If bitcoin ever did hit 100 again the economy would be in ruins. Even cloud mining with the best miners wouldnt be profitable at this. I think 200 will be the lowest we go from now on and even at that price a lot of miners are not profitable

croato

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I dont think Bitcoin will stabilise anytime soon but looks like 200 is bottom for now.

havecoch

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Quote from: Bananana on February 15, 2015, 08:59:01 AM

More like stabilizing at $200 to $250 instead of $150 - $200.

It actually has been stable in 200-250 for a while now. But within that range too it is too volatile, which is around 25%

Bananana

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More like stabilizing at $200 to $250 instead of $150 - $200.

manis

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Quote from: (Lithium) on February 14, 2015, 03:30:16 PM

BTC is bigger than 1 year ago, so I doubt it will stabilize at same level.

Question is: are we already stabilized or are we going to rise more?

As long as people treat Bitcoin as an investment/commodity, the price wont stabilize.
I think we have a long way to go before it stabilizes.

(Lithium)

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BTC is bigger than 1 year ago, so I doubt it will stabilize at same level.

Question is: are we already stabilized or are we going to rise more?

rosh

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Quote from: zoinky on February 13, 2015, 03:45:24 PM

Bitcoin... stabilize... Huh

It will take a long time before it does happen.

arvindr

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150-200 is not exactly a stabilized value. Doesn't look like it will stabilize anytime soon.

zoinky

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Bitcoin... stabilize... Huh

Wandererfromthenorth

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OP, why such medium term prediction?
Why do you think the price should stabilise around that level and stay there for that long?

Quote from: inca on February 13, 2015, 03:00:41 PM

Quote from: Xiaoxiao on February 13, 2015, 02:58:09 PM

We are headed towards $100 and perhap stabilizing at $150.

That is not so bad considering a little less than 2 years ago it stabilized at around $80-$120 for 7-8 months.

Now it looks like bitcoin will stabilize around $150-$200 for the next 8 months to a year.

You could be right. I think you are dead wrong. Look at the volume on that chart.

The volume gets higher on that chart because it is measured in BTC. If you look at the volume measured in USD volume actually decreased since january-arpil 2014 and eventually remained kinda the same until now on all major exchanges. Look at these differences in volume on Stamp or BTC-E or on the chinese exchanges for example.
The lower the price, the higher the number of BTC traded for the same USD value.

Overall, on all exchanges the volume in USD is now lower than what it was in during the $1200 pump and during the initial phase of the bear market.

inca

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Quote from: Xiaoxiao on February 13, 2015, 02:58:09 PM

We are headed towards $100 and perhap stabilizing at $150.

That is not so bad considering a little less than 2 years ago it stabilized at around $80-$120 for 7-8 months.

Now it looks like bitcoin will stabilize around $150-$200 for the next 8 months to a year.

You could be right. I think you are dead wrong. Look at the volume on that chart.

Topic: Bitcoin will stabilize at the same price that it was at 2 years ago.. $150-$200 - page 3. (Read 4571 times)