less wild fluctuation? is bitcoin bemome more mature? - page 2.

franky1

legendary

Activity: 4270

Merit: 4534

bitcoin prices are not stable. from my view its the lack of spending on exchanges due to lack of trust of exchanges

we are no longer in the days where people are spending $10k per orderline
note above is bitfinex which is having some fiat issues hence the price being $100 higher than other exchanges

but here are some other exchanges showing recent (only a few minutes old at time of posting) under $500 to move the bitcoin price up or down by $1-$3

Qartada

hero member

Activity: 546

Merit: 500

No, Bitcoin has had several periods of relative stability before but it's always been the calm before the storm. The most stable period was in 2016, and Bitcoin has been flying crazily around for most of this year so far.

To achieve stability, Bitcoin would have to have a much higher price and liquidity. On exchanges, it takes very little to shift the price one way or another, which results in wild swings and pump and dumps. While these are less extreme than they used to be for now, they're still equally possible and will happen again in the future.

Ironically, some people avoid putting money into Bitcoin because of its volatility, but putting more money in would stop it. Bitcoin isn't inherently unstable.

Doofus

member

Activity: 102

Merit: 10

In the first quarter of 2017, bitcoin price only increased 10%, while ETH 600% and DASH 846%. And i noticed that btc price is like going steady in the past few weeks. Is this good or bad? Does this mean it is growing into a mature investment? google also shows the bitcoin users have doubled every month since 2013. http://news.8btc.com/bitcoin-moves-closer-to-a-safe-haven-asset-in-2017

Topic: less wild fluctuation? is bitcoin bemome more mature? - page 2. (Read 12400 times)