BTC Price Stability | Bitcointalksearch.org

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: Mitzplik on April 24, 2013, 11:13:41 AM

What determines the price of one bitcoin?

The free market. People who have bitcoin decide for themselves how much they are willing to sell them for. People who want bitcoin decide for themselves how much they are willing to pay for them. Whenever the price that one person is willing to sell for and another person is willing to buy for overlap an exchange happens and the current price is determined.

Mitzplik

member

Activity: 102

Merit: 10

What determines the price of one bitcoin?

shepd

newbie

Activity: 8

Merit: 0

This is the way it will be as long as there are hardcore speculators about. It's okay, just be sure to take their money!

zomby2d

newbie

Activity: 17

Merit: 0

It didn't even occur to me to start using bitcoins until one outlet where I bought digital goods online gave up on Paypal and started using bitcoins exclusively. As it's usage gets more widespread, it will help stabilize it, along with more that 1 exchange for it of course.

gladiatorcoin

newbie

Activity: 12

Merit: 0

Quote from: redwine77 on April 24, 2013, 09:34:35 AM

more exchanges, bots, competition, wider use as an online currency, some outside factor that stabilizes it---things can change very quickly on the internet

The whole ddos thing is certainly a big issue. What's the deal with this? Isn't there better ddos protection somehow? out there?

Yeah, the more decentralized and spread out these exchanges become, the more stability BTC should enjoy.

redwine77

newbie

Activity: 28

Merit: 0

more exchanges, bots, competition, wider use as an online currency, some outside factor that stabilizes it---things can change very quickly on the internet

The whole ddos thing is certainly a big issue. What's the deal with this? Isn't there better ddos protection somehow? out there?

Newbutreal

newbie

Activity: 1

Merit: 0

Volatility suggests that the basis for fair value has not been established; but the widening both of uses and of speculative demand will tend to increase price in the longer term. Unfortunately, there are going to be some big crashes too Sad

otov4its

member

Activity: 62

Merit: 10

Quote from: binaryFate on April 24, 2013, 08:16:27 AM

Quote from: HuiBu on April 24, 2013, 08:07:56 AM

No way, it will never reach 300$

Of course it will. It was really close not long ago. It will before summer in my opinion.

Uh oh

$1000 is the new $1 for BTC

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: HuiBu on April 24, 2013, 08:07:56 AM

No way, it will never reach 300$

Of course it will. It was really close not long ago. It will before summer in my opinion.

HuiBu

newbie

Activity: 48

Merit: 0

No way, it will never reach 300$

MadBanker

newbie

Activity: 26

Merit: 0

...OK I'm back from Google. Buttercoin looks like a great idea. It is one more step in the right direction. The momentum is building at a un-imaginable rate. Solutions to problems are coming from every angle, and from all over the globe. Every time I see something like this, I am more convinced that BTC will be bigger, and more transformative than most of us can even imagine.

I wasn't around in 1943 when Thomas Watson (Chairman of IBM) excitedly predicted that there may be a worldwide market for as many as 5 computers, but it kind of feels like we could me in similar territory.

Guido

legendary

Activity: 1061

Merit: 1001

Quote from: NicFreeman on April 24, 2013, 06:32:48 AM

Quote from: MadBanker on April 24, 2013, 06:23:36 AM

I'm not trying to be crass, but I am told by a reliable source that Porn is what got the internet video industry started, and BTC has unique value in this space - no awkward credit card statements etc. It is not a small industry.

http://en.reddit.com/r/Bitcoin/comments/1c9wz8/what_bitcoin_really_needs_porn_vendors_accepting/

Thanks to the media i think it is just a matter of time until the porn idustry will use BTC too.
The porn industry is like the gambling industry, those two have the potential to attract a lot of people which will then help to spread the use of BTC world wide.

I think those two will definitely be the main early adopters
they always were in the history of the net and the anonymity angle

however theres still a lot holding bitcoin back from more general use
also i feel the price barrier is too high for the general public, psychologically

$140 currently, for a coin
don't worry, i get itm bitcoins and altcoins but the market is being manipulkated
the rxchanges and everything is not how it was designed to work
and ironically all the hoops people have to jump through and pay high fiat fees and processors to buy defeats the object

i'm all for competition to bitcoin
especially as it has attracted a lot of dark forces like bankers and winklevosses etc
who can all manipulate price, and are just doing that

tyz010

newbie

Activity: 9

Merit: 0

Projects like buttercoin will be a huge help to smoother exchanges, which will go a long way towards promoting price stability. However, even buttercoin won't protect against DDOS attacks, which people regularly use to drive the price of BTC down temporarily. When we have 3 or 4 major exchanges that are rock solid, that will really help!

NicFreeman

newbie

Activity: 2

Merit: 0

Quote from: MadBanker on April 24, 2013, 06:23:36 AM

I'm not trying to be crass, but I am told by a reliable source that Porn is what got the internet video industry started, and BTC has unique value in this space - no awkward credit card statements etc. It is not a small industry.

http://en.reddit.com/r/Bitcoin/comments/1c9wz8/what_bitcoin_really_needs_porn_vendors_accepting/

Thanks to the media i think it is just a matter of time until the porn idustry will use BTC too.
The porn industry is like the gambling industry, those two have the potential to attract a lot of people which will then help to spread the use of BTC world wide.

MadBanker

newbie

Activity: 26

Merit: 0

Never heard of Buttercoin - off to Google......

Not as highbrow as I was initially thinking when I started the thread, but I just saw something on Redit - which I will add to my list (5a) below:

1) Greater use of futures trading - I believe academics have shown that where shocks come from the demand side this helps
2) High frequency trading => Provides liquidity
3) People doing arbitrage between exchanges, or simply trying to buy on the troughs and sell on the spikes
4) More exchange competition & Better exchanges
5) More participants, more places that accept them etc
5a) Porn sites accepting it.

I'm not trying to be crass, but I am told by a reliable source that Porn is what got the internet video industry started, and BTC has unique value in this space - no awkward credit card statements etc. It is not a small industry.

http://en.reddit.com/r/Bitcoin/comments/1c9wz8/what_bitcoin_really_needs_porn_vendors_accepting/

NicFreeman

newbie

Activity: 2

Merit: 0

Quote from: MadBanker on April 24, 2013, 05:41:42 AM

So here are my thoughts:

1) Greater use of futures trading - I believe academics have shown that where shocks come from the demand side this helps
2) High frequency trading => Provides liquidity
3) People doing arbitrage between exchanges, or simply trying to buy on the troughs and sell on the spikes
4) More exchange competition & Better exchanges
5) More participants, more places that accept them etc

The good thing is that all these will come over time if BTC keeps its nose clean, and doesn't do anything nasty in its underwear.

Thats exactly what i thought too.

I think the biggest problem at the moment are the exchanges.
Does anyone know the project Buttercoin? This could be a solution to the exchange problem ;-)

JohnStamos

newbie

Activity: 6

Merit: 0

im a very big fan of btc. i think 300+ it will be

MadBanker

newbie

Activity: 26

Merit: 0

So here are my thoughts:

1) Greater use of futures trading - I believe academics have shown that where shocks come from the demand side this helps
2) High frequency trading => Provides liquidity
3) People doing arbitrage between exchanges, or simply trying to buy on the troughs and sell on the spikes
4) More exchange competition & Better exchanges
5) More participants, more places that accept them etc

The good thing is that all these will come over time if BTC keeps its nose clean, and doesn't do anything nasty in its underwear.

Underyx

newbie

Activity: 6

Merit: 0

I don't see it happening anytime soon if the number of participants can move the market so much at this point even.

Dawesom

newbie

Activity: 12

Merit: 0

I think we just need more Bitcoin in circulation... Meaning just more people with Bitcoins, so that a large influx of people buying or selling wont have as big of an impact on the market. That and I agree with the need of more quality exchanges.

Topic: BTC Price Stability (Read 1330 times)