Stable Bitcoin Values = Good For Bitcoin. Value Increases / Decreases = bad

kokojie

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Quote from: andrew12 on December 02, 2012, 03:19:22 PM

Yup. It's actually a good thing that the price didn't double after the reward halving, it shows that the price is no longer based on mining profits!

It actually did, it was just priced in since 5 months ago. If the reward were to halve tomorrow without anyone knowing, then price will nearly double tomorrow.

andrew12

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Yup. It's actually a good thing that the price didn't double after the reward halving, it shows that the price is no longer based on mining profits!

Technomage

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Affordable Physical Bitcoins - Denarium.com

Indeed if we weren't in a hyperinflationary period then stable price would not be as good. Right now though, even with 25 BTC block reward, a stable price is growth in itself. It also helps boost additional growth because it makes bitcoins more convenient in commerce.

notme

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Quote from: Gabi on December 02, 2012, 01:06:56 PM

Saying that stable is good is bullshit.

BTC price depend on how many ppl use it. More ppl use bitcoin, more ppl buy them, price increase
If price is stable then bitcoin use isn't growing. Wich is not good as far as i know.

This said, btc price depend on speculation also, so maybe i am totally wrong

Stable means user demand growth is equal to the supply growth. A slow, steady increase in price implies at least linear growth up to possibly a very slow exponential growth in users since price growth also increases desire to sell among investors. Of course, this breaks down if we get in another hype cycle because that desire to sell will dry up while the userbase will the userbase expands as a fast exponential.

Yuhfhrh

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Quote from: Gabi on December 02, 2012, 01:06:56 PM

Saying that stable is good is bullshit.

BTC price depend on how many ppl use it. More ppl use bitcoin, more ppl buy them, price increase
If price is stable then bitcoin use isn't growing. Wich is not good as far as i know.

This said, btc price depend on speculation also, so maybe i am totally wrong

If we can stay at a stable price during the hyperinflation period we are in, that is good and means bitcoin is still growing. At least 3,600 Bitcoins ($45,000 USD) are being bought/saved for the price to be stable each day.

http://blockchain.info/charts/market-cap

Gabi

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If you want to walk on water, get out of the boat

Saying that stable is good is bullshit.

BTC price depend on how many ppl use it. More ppl use bitcoin, more ppl buy them, price increase
If price is stable then bitcoin use isn't growing. Wich is not good as far as i know.

This said, btc price depend on speculation also, so maybe i am totally wrong

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

Stable is good but stable with something like Bitcoin leads to going up. People start to trust it more and then they invest in it more and what happens next is that the price rockets.

FreeMoney

legendary

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Strength in numbers

People place single wagers for more than all the bitcoins is existence were worth in 2010. Up is the only way for growth and for there to be millions of successful bitcoin businesses.

Stable is better than down though. And a smooth ride up is better than bumpy.

Lethn

legendary

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It's actually quite impressive seeing it consistently being worth £7 - £8 despite the jumps because this seems to be what it falls down to usually, I'm considering buying a couple of bitcoins to play with and see if I can't grow them at all, I want to see the power of deflationary currencies and compound interest at work Tongue

zoinky

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Web Developer

Been a slow few weeks. I like it.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: Yuhfhrh on December 01, 2012, 11:09:11 PM

Quote from: smoothie on December 01, 2012, 11:06:54 PM

(waiting for the huge price moves and then the "why did bitcoin skyrocket/crash?" threads) Cheesy

Like its been said before (was it you?), once these threads start popping up, its time for some action to happen. Cool

LOL waiting patiently. Cheesy

Yuhfhrh

full member

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Quote from: smoothie on December 01, 2012, 11:06:54 PM

(waiting for the huge price moves and then the "why did bitcoin skyrocket/crash?" threads) Cheesy

Like its been said before (was it you?), once these threads start popping up, its time for some action to happen. Cool

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

(waiting for the huge price moves and then the "why did bitcoin skyrocket/crash?" threads) Cheesy

Yuhfhrh

full member

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Merit: 100

Yes.

🏰 TradeFortress 🏰

vip

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👻

Currently, bitcoins are pretty much consistent. There are ups and downs, but nothing major.

This is good for bitcoin. It tells people that bitcoin is a stable currency. And what this means is that people won't hoard all the coins, and will actually spend them, increasing use of BTC.

Topic: Stable Bitcoin Values = Good For Bitcoin. Value Increases / Decreases = bad (Read 1832 times)