Price stability after a few bubbles is exactly what we need. Wild spikes and valleys are not signs of a stable currency. Just saying.........
Price stability after a few bubbles... Definitely not price stability in the $300-$400 range.
Topic: Btc Price Was Higher Last Year Than Today (Read 2291 times)
Price stability after a few bubbles... Definitely not price stability in the $300-$400 range.
If we won't see a mayor pump this year, 2014 is the most dumbest btc year so far, we must hit the news in a good way
Unfortunately, it looks like it is going to be that way. Although the last bubble from 2013 took only a few days for the price to go up 10x so it would not be 100% out of the question to have a late year massive rally.I would say that one good thing about the lack of a big pump/rally is that the price has stabilized substantially and as a result more people are likely now willing to invest in bitcoin and bitcoin related infrastructure.
Price stability after a few bubbles is exactly what we need. Wild spikes and valleys are not signs of a stable currency. Just saying.........
price is irrelevant, it's only need is growing user base and the data on blockchain.info shows a huge growth in wallets
the next bubble is 7M wallets, the last bubble was 700K wallets
Last I checked we were over 2M wallets
so that's the real world data that moves the needle to new areas of support
the more things you have like bitcoin casinos, and silkroads and adult stuff that feed human vices that refuse old world fiat
the more need people have to fuel the vice needs of 7 billion humans with bitcoin
so it's just educating vice suppliers and vice consumers to use bitcoin
then that will trickle into the main world currency type of spending
grow vice with btc and btc will be huge
there's no need for anyone to use btc for the real world, it's a vice currency
vice are huge industries
drugs
gambling
adult stuff
so educate vice operators and btc will be huge
the next bubble is 7M wallets, the last bubble was 700K wallets
Last I checked we were over 2M wallets
so that's the real world data that moves the needle to new areas of support
the more things you have like bitcoin casinos, and silkroads and adult stuff that feed human vices that refuse old world fiat
the more need people have to fuel the vice needs of 7 billion humans with bitcoin
so it's just educating vice suppliers and vice consumers to use bitcoin
then that will trickle into the main world currency type of spending
grow vice with btc and btc will be huge
there's no need for anyone to use btc for the real world, it's a vice currency
vice are huge industries
drugs
gambling
adult stuff
so educate vice operators and btc will be huge
If we won't see a mayor pump this year, 2014 is the most dumbest btc year so far, we must hit the news in a good way
Possible be the last good year for bitcoin.
Yes, this will be the last good one because next one is going to be Legen...Wait for it...Dary - Legendary lol
jk last year there was gox and sc clouds in the air but this year is almost dry.
If we won't see a mayor pump this year, 2014 is the most dumbest btc year so far, we must hit the news in a good way
Possible be the last good year for bitcoin.
If we won't see a mayor pump this year, 2014 is the most dumbest btc year so far, we must hit the news in a good way
Curve is slowing but 100k is still there
The Bitcoin price in June 2012 was lower than in June 2011 due to the latter having been a bubble. There was another major bubble in November/December 2013 as well as a minor one in April 2013. So I'm not surprised that the price is lower this time around. And while the price of BTC valued in terms of USD has risen every January year-to-year, I expect this won't be the case in January 2015. 
Some stability can only be good at that point. It's kinda hard to use bitcoin as money and do business with it in such a long bear market trend. I expect the next few months to be pretty boring in term of price action (hopefully).
Then it is time to buy. 
I agree with poster above. We'll be down for a couple of months, so a couple of months to buy. 
"For I was so much older then, I'm younger than that now." - Bob Dylan
Bitcoin has seen its youthful exuberance tempered and hammered into leaner and meaner honey badger of steel.
Bitcoin has seen its youthful exuberance tempered and hammered into leaner and meaner honey badger of steel.
Slow appreciation of the price is good for BTC.
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And I have a feeling it will be like this at least for the next couple of months. Although, I've been involved in BTC for several years now, so I'm over the price thing. If you look at the bigger picture and realize what BTC can bring to the table, price is hardly part of the equation.
Exactly my thinking. I think the fiat value will likely stay low or even drop from time to time for the next year or so, but I see the massive potential in btc within a few years time or more. Hopefully many major merchants will have got involved by then which is what we need so bitcoin is seen as a viable currency or medium of exchange and not just a risky speculative investment.
Unless of course you're in it only for the speculative aspect, purely for the profit like majority of the people are.
Which sadly seems to be the majority nowadays.
We can only conclude that today there is no willy bot (at least it's not pumping to that extent as it did last year) and that's good, no need for bubbles any more, bubbles only result in depressed investors and bad press. Let the crypto industry grow organically. More extended view on this.
"Therefore, it would be a good thing for the purchasing power of bitcoin to eventually stabilize."
That's what I was getting at. The purchasing power of Bitcoin irrespective of the value any fiat.
When/how/why, bit of the ole chicken and egg thing...don'tcha think?
That's what I was getting at. The purchasing power of Bitcoin irrespective of the value any fiat.
When/how/why, bit of the ole chicken and egg thing...don'tcha think?
I would like to eventually see the price of Bitcoin stabilize so it can be used as real money as it would be a better store of value. I realize that this point is a long time away but seeing more businesses accept bitcoin and all of the start-ups due to bitcoin gives me a lot of hope when it comes to the feasibility of bitcoin as money.
I know there are many hoping for stability in the price for wide spread adoption and probably more hoping it rises in value in leaps and bounds to who knows how high.
What if it settled in around the $500 USD mark and stayed there for decades? What good does it do anyone if it's still valued in fiat terms and what the value of fiat will purchase if fiat is arguably going the inevitable way of all fiat...to zero? Wouldn't this devalue Bitcoin itself as an instrument of trade?
Does anyone have any idea when/how/why Bitcoin (or some other cryptocurrency) might separate itself from the current fiat system and stand on it's own as a form of universally trusted exchange for goods and services? Can it be done without major upheaval in global commerce? Can it survive major upheaval?
Just wondering...blockchain capabilities and innovation aside.
You make a good point in that price stability means it would just be at $500 for decades which is no good because its in fiat terms. As the value of the dollar fluctuates, so will the price of bitcoin. Therefore, it would be a good thing for the purchasing power of bitcoin to eventually stabilize. If the price stabilizes then all that means is that it might as well be pegged to the USD which would not make bitcoin a very viable alternative.
you mean the price would over $1,000 again?
I would like to eventually see the price of Bitcoin stabilize so it can be used as real money as it would be a better store of value. I realize that this point is a long time away but seeing more businesses accept bitcoin and all of the start-ups due to bitcoin gives me a lot of hope when it comes to the feasibility of bitcoin as money.
I know there are many hoping for stability in the price for wide spread adoption and probably more hoping it rises in value in leaps and bounds to who knows how high.
What if it settled in around the $500 USD mark and stayed there for decades? What good does it do anyone if it's still valued in fiat terms and what the value of fiat will purchase if fiat is arguably going the inevitable way of all fiat...to zero? Wouldn't this devalue Bitcoin itself as an instrument of trade?
Does anyone have any idea when/how/why Bitcoin (or some other cryptocurrency) might separate itself from the current fiat system and stand on it's own as a form of universally trusted exchange for goods and services? Can it be done without major upheaval in global commerce? Can it survive major upheaval?
Just wondering...blockchain capabilities and innovation aside.
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