Topic: Finding Equilibrium : Searching for the true value of a Bitcoin (Read 979 times)

Indeed, and more to the point:



The next time Bitcoin kisses gold, it will never look back. And the world will be changed forever. For the better.

Equilibrium be damn!

Equilibrium be damn!

Finding Equilibrium?
It's way too early.
BTC is growing fast, money is pouring in, and time is needed to recover from Gox Hell.
We might have a few slow weeks but.... Equilibrium is not an option.

Bitcoin has 0 intrinsic value and 0 utility.

Bitcoin has 0 intrinsic value and 0 utility.

tldr: Bitcoin has a number of headwinds which is keeping the price in check. I’m expecting it to stabilize around the $400 mark for at least the next quarter (although predictions in the Bitcoin space are very hard to do past a couple of weeks).

As Bitcoin stabilizes below $500 for the first time since it’s eye-popping run to over $1,000 in November 2013, many crypto pundits are scratching their heads and trying to make sense of the current weakness — especially given the excitement & innovation that we are seeing within the global Bitcoin community. Venture capital has also been pouring into Bitcoin startups at a rabid pace (north of $100m so far this past year). However, over the past couple of days, I’ve had numerous friends contact me asking the same question : “What’s happening with Bitcoin?”.

Bitcoin is currently trying to finding an equilibrium point — at least at the current volume levels — given all the recent disruptions to the ecosystem (including the recent MtGox collapse). Equilibrium would be defined for me as the point of stability in price where there is symetric volume and consistent growth on a daily basis between buyers and sellers (utopian, but right now there is asymmetric growth which is not being quantified — so traders are having a problem predicting where it would go).

History shows that it needs to find a very stable price point for a few months before it can really retest any previous highs. External factors like Russia, Ukraine, China, etc will contribute to Bitcoin volatility and changes in the supply/demand...