When the coins have had a price/dollar vary less then +- 10% for over a year I'll call them stable...
Topic: Oddly Stable - page 3. (Read 5558 times)
There's not enough "real economy" as of now to support a stable price. So it's investors and not "real economy" that are supporting this price.
If I had a load of BTC to sell, I'd probably just leave a load of them sitting at $20 right now and let buyers chip away at them, which would constrain the price. Makes sense, no?
Is it just me or is it looking kind of similar to the period of relative calm following the rapid ramp-up from $4 to $9?
http://bitcoincharts.com/charts/mtgoxUSD#rg5zig15-minzczsg2011-06-11zeg2011-06-18zvzlztgSza1gWMAzm1g10zm2g25
vs
http://bitcoincharts.com/charts/mtgoxUSD#rg90zig15-minzczsg2011-05-15zeg2011-05-22zvzlztgSza1gWMAzm1g10zm2g25
Hmm, maybe just me...
EDIT: Fixed URLs (noob fail)
http://bitcoincharts.com/charts/mtgoxUSD#rg5zig15-minzczsg2011-06-11zeg2011-06-18zvzlztgSza1gWMAzm1g10zm2g25
vs
http://bitcoincharts.com/charts/mtgoxUSD#rg90zig15-minzczsg2011-05-15zeg2011-05-22zvzlztgSza1gWMAzm1g10zm2g25
Hmm, maybe just me...
EDIT: Fixed URLs (noob fail)
Big guys have taken a nap in the face of the recent turbulence As soon as things stabilize a little they'll come back and the roller-coaster in on 
As soon as things stabilize a little they'll come back and the roller-coaster in on 
The price has been floating around 19USD for the last couple of days. Does anyone have any idea why?
The pedantic answer would be an equilibrium of buyers and sellers. There have been a few interruptions in trading with Mt.Gox, as Tux is working through some issues brought about by his growth and random DDoS events. Tradehill seems to have stayed in the game, so at least there's an alternative available.
You shouldn't worry so much about absolute price, though. Get people interested, this is the currency of the future.
The price has been floating around 19USD for the last couple of days. Does anyone have any idea why?
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