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Topic: Stable, stable, stable! - page 16. (Read 14343 times)

sr. member
Activity: 392
Merit: 250
May 31, 2015, 09:41:35 PM
#5
This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

But doesn't that make it harder for merchants to adopt Bitcoin? If it looks too unstable people won't trust it much. But would be nice if it was slowly increasing in value and not decreasing. Smiley

The merchants (few that there are), almost always convert to fiat at time of sale, making that point nearly moot.

I still think relative stability is a good thing. Serious people scoff when they see something go from $75 to $1200 and back to $200 in the space of a couple years. Can you imagine the change in perception if we simply gradually rose from 75 to 230 instead? Of course greed, crimes, and limited infrastructure got in the way of that last time.

Bitcoin isn't an upcoming actress, it doesn't need publicity for publicity's sake. This simply attracts illusory and temporary support. It just needs to be functional and preferable to alternatives for an evolving and growing set of use cases. The possibility of enduring survival and success will only follow that.

legendary
Activity: 1135
Merit: 1001
May 31, 2015, 09:19:53 PM
#4
This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

But doesn't that make it harder for merchants to adopt Bitcoin? If it looks too unstable people won't trust it much. But would be nice if it was slowly increasing in value and not decreasing. Smiley
full member
Activity: 158
Merit: 100
May 31, 2015, 09:19:35 PM
#3
yeahh for these weeks
i hope that will improve soon .. true if the price is stable, it will probably make things worse
sr. member
Activity: 314
Merit: 250
May 31, 2015, 09:15:09 PM
#2
This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
May 31, 2015, 09:12:55 PM
#1
The price of BTC is going to continue its stable multi-week run.
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