BTC Price Stability - page 2. | Bitcointalksearch.org

MadBanker

newbie

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Quote from: Mahn on April 23, 2013, 08:47:53 AM

It's already stable. What caused the massive fluctuations was the press attention, but this is now over and what's left is a much more valuable, but stable, currency.

I think we can expect the BTC price to stay in the range of $100-$130 for months to come. Until the next bubble that is

MMmmm well that prediction didn't pan out - only true for about 3 hours. But then I can say that as I have hindsight on my side.

soma13

newbie

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people will save bitcoins like cash but as demand to *use* bitcoins increases, the average price will increase and more miners will liquidate more of their holdings. As the amount of circulating coins meets the demand the price will smooth with less spikes and "ringing".

Coinus Maximus

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Liquidity will help, but if bitcoin becomes used for transactions, and transactional demand fluctuates with economic activity, then wont having a rigid supply always mean that it will be highly volatile?

Passion_ltc

hero member

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Crypti Community Manager

Well the volatility is increasing if Mt.Gox goes down. Even if this isn't as strong anymore as last week. The market learns that panic sells are useless.

I just hope that there will be a decentralized exchange market.

mellt

newbie

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Quote from: Mahn on April 23, 2013, 08:47:53 AM

It's already stable. What caused the massive fluctuations was the press attention, but this is now over and what's left is a much more valuable, but stable, currency.

I think we can expect the BTC price to stay in the range of $100-$130 for months to come. Until the next bubble that is

I'm in agreement with this - the price of bitcoins has only gently fluctuated over the last couple of weeks - with any luck it'll now stay put

Mahn

full member

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Merit: 100

It's already stable. What caused the massive fluctuations was the press attention, but this is now over and what's left is a much more valuable, but stable, currency.

I think we can expect the BTC price to stay in the range of $100-$130 for months to come. Until the next bubble that is

skrubalov

newbie

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We also need more online services that accept bitcoins.

RossDoughty

newbie

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I think probably getting more of an acceptance from the general public and getting rid of the bad image that BTC seems to have attached to it.

In addition, more exchanges.

Russarch

newbie

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Quote from: skrubalov on April 23, 2013, 07:02:04 AM

We have to use other exchanges than mtgox. The crypto currency is decentralized, but the exchange isn't.

Is exactly the right answer, Although I quite like the volatile market conditions tbh.

soma13

newbie

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Wider adoption, more goods and services available, and more liquidity/circulation. Bitcoin price is currently primarily speculative. It's loosely tied to difficulty and cost per hash to mine, but with limited real world uses these hoarding and dumping cycles will likely continue as circulation is restricted and miners need those spikes to entice them into releasing their investment out into the wild. More circulation means more liquidity, less spikes, and a price that better represents bitcoins true market cap and usefulness as a currency.

Jace

sr. member

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Quote from: luckBOX on April 23, 2013, 07:14:12 AM

Mtgox should buy more servers to protect against ddos attacks Wink

People should use other exchanges than MtGox.

I don't have any bad experience with MtGox myself (other than their fees being way too high) but it's better if we have more diversion and competition. Bitcoin is decentralized, and it's better for all of us if the exchange market is decentralized as well.

Chrisoldinho

full member

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Will they ever do that?

luckBOX

newbie

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Mtgox should buy more servers to protect against ddos attacks Wink

SpaceJunk

newbie

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Circulation -- likely through people with bitcoins buying more stuff with them.

People (usually) devotes only their surplus capital to investment. There's a less liquid base of capital they need for recurrent expenses which they won't trade around. For people in the bottom, when they get more capital they usually raise their expenses, not their investment. So circulating hoarded bitcoins into more hands will make them less traded, and more tied to the supply and demand of goods.

This is not a "redistribution", as hoarders are getting some kind of good in exchange for circulating their coins. It's just, maybe they need a bit more motivation to spend.

skrubalov

newbie

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We have to use other exchanges than mtgox. The crypto currency is decentralized, but the exchange isn't.

MadBanker

newbie

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It would be interesting to get people's thoughts on what will lead to a more stable BTC price. Thoughts please.... Thanks, Madbanker.

Topic: BTC Price Stability - page 2. (Read 1304 times)