Bitcoin Forum

Lets say I redeem $25 in Bitcoin, will my $25 be worth $23 tomorrow and so on or does it take a month or something to change significantly? Help???

Also, how do I see the current value of Bitcoin(s) and calculate them? I used google but is that accurate?

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=%2425%20to%20bitcoin

yes. it doesn't happen very frequent, but the price can change drastically overnight. for example a week ago the price rised from $280+ to $310 in less than 24 hours. tho it went back again (slower this time) to $280.

use http://preev.com if you want to see the average BTC-USD rate

you can also see this (http://www.coindesk.com/price/) simple chart to see the price history.

There is no way to be sure about bitcoin price in future. If so we could all be rolling rich.

One thing worth it to consider though is all the people that bought on way down and are just waiting for higher priced to get out.

I am sorry to say, but Bitcoins are in no way stable at this point in time.  Just a year ago they were selling for about 600$USD  a piece. They are also not to stable because of hackers, part of the reason each BTC is only a fracw of what it used to be is because a big firm named Mt.Gox got hacked and had to shut down.

After all, a currency is only what people make of it.

We don't know what would be the scenario in the future, but at present it is not stable for sure. And it can be only stable if more and more people starts adopting it.

So there is fluctuation in prices, even the prices are going up and coming down, but that doesn't mean that it is stable. We need to wait a long way for bitcoin to gain its stability.

yeah it can change by much, but when you have a bottom that hold for so long you somehow know that it will not crash further, or that the chances of not crushing under that value is very high, this is everything you need to know

it look very stable recently, with slow prices correction upward

Value of BTC changing all the time and it's really very difficult to predict the value of BTC in the future.
This is the main reason why people still see BTC mostly as investment, not as currency or possible replacement for paypal or other online payment services.
I feel that most bitcoin users still don't trust BTC much (including merchants) and probably this is the main reason why we are still not mainstream.
Hope that this situation will change soon.
When most users starts using bitcoin to purchase products and services online, not as an investment, its value will eventually stabilize.

You would not notice much after only 25USD investment. It has to be some crazy swing to 10000 to see a difference.

There is.
And this way is well known: math & physics.

with small amounts the risk and the amount your investment potentially goes down is very maeginal. as said in a previous post, you'll feel it if your invested value is at least +$1000.

If those $25 is the all the money someone has to invest they will notice it if the price go down just a few $.

math telling us that bitcoin will rise, but this is still susceptible to the uncertainty of human nature, and their demand

if instead of human there was robot that were investing in bitcoin, the price would have been greater and a rise would have been assured

ofc man, it can change a lot, but if you look at the last months the price is very stable.

btw thios is not different from any other markets, from my point of viw dont worry about it, it will be much more stable with time een if now is pretty stable.

1. wrong. math does not tell anything about price.
2. you've forgot about physics

BTC has gotten quite stable over the past couple of months. That said in the past 2 weeks it's jumped 15% and then down a couple of %. Of course this is a good thing for btc owners so if you are hoarding just keep an eye on the price daily to avoid any negative volatility.

if the demand remain constant and the supply drop it will rise, and this is math, so yes, math is telling us about what will happen to the price

the role of physics as i understand it,  has to do with the mining activity and security, which are to things that can mutate in a far distant future, nothing to worry about or consider for now

OK. Why should demand remain constant? Do math tell us about it?
The role of physics is converting energy to heat while securing transactions.

1. Yes

2. No

because demand can only go in three directions, up down or zero, if we assume equity between those, since we don't know the future, you simply look at the block reward which is governed by math

about phisics it is what i said, essentially something that will not impact the price now, so another variable for the future, which is useless to take in consideration for the time being

There is a currency component to Bitcoin.

Currencies fluctuate against each other. So the answer is yes, Bitcoin can change in value a lot; and no it is not stable yet.

But.

When Bitcoin starts being used for smart contracts, it will have more of an investment component to it, as people will begin to buy BTC with Fiat to conclude or register contracts.

This aspect still has a transaction aspect to it, but transactions on the Bitcoin blockchain can be entered into and executed at some future point. This will see people buying BTC and locking it up for weeks, months, years.

So medium to long-term, the answer is likely to be no, it won't change in value a lot; and yes it will be more stable.

Bitcoin is still a small boat in the ocean and its price fluctuates very much. As Bitcoin gets bigger, it will become a huge tanker in the ocean so the price fluctuations will be much smaller. So yes, in short value can change significantly even in few hours.

Use preev.com for the average price at any time.

As we know that value of Bitcoin always changing all the time and you know it's really very difficult to predict the value of Bitcoin especially in the future.Your 25 dollars would be worthed maybe 10 dollars or 50 dollars tomorow nobody knows, but i think bitcoins value changed but not a lot for this moment and is it stable yet? unfortuantely no, bitcoin is not stable right now all we have to just keep watching the price and decide to sell or buy :)

You are looking at it, in the wrong way. There are really nothing to compare it too in the currency scene. It's a relatively young currency and it's global. The fact that it's global make it more vulnerable to sudden change.
A small event in one country regarding Bitcoin, could have a significant impact on it's price.

Let's not compare the Dollar or the Euro with Bitcoin, because it's something totally different. Let's also not forget that it's got other features apart from being a currency. The more features, the more things can change. <Positive and Negative>

The distribution and volume is also very small, and the slightest panic or hype can make a huge difference in the price. <One whale dumps a few coins or the Silkroad coins gets sold, and the price plummets> 

Volatility has improved going by the graphs above. But for how long...

The change in value depends a lot on the surrounding market and it doesn't happen that quickly.

And for the second question, I don't think you saw the recent waves of BTC market. It speaks for itself.

Bitcoin value is unstable compared to all fiat values.  So if you are in business and use fiat to pay merchants then Bitcoin is not currently suitable for you unless you convert to fiat immediately.

If you are a speculator then welcome to the group.  We believe the only way is up.  HODL and smile :)

The price of bitcoin is not stable at the moment. We have periods of sideways price movement, stability if you must but 1 good or bad news story can still cause a big price swing in either direction.

I feel we're at least 10 years away from a really solid, stable price. Enjoy the ride ;D

If demand remain constant the price will go down. New bitcoins is mined every day and demand must rice to keep the price.

Pure math tells us the price will go down but math has no influence on the demand.

no this is wrong on so many levels, if the demand remain constant(which assume also that their ratio is 1:1, between supply and demand) the simple fact that the block reward will be halved

mean that the price will rise 100% because there will be less dumping from miners which mean the

ratio will favor the constant demand, instead of 1:1 right now(which isn't true because we are rising slowly, so its more realistic to say 1.01:1) you will have 1:001:0.9-0.8 it depend on how many coins are dumped each day from miners

easy example, now demand and suppply

p.s. it seems that you are not taking into account the halving...

It's far from stable. The marketcap is tiny when compared to other companies. BTC marketcap is about 4 billion dollars, something like Paypal has 50 billion dollars.

Now, consider that BTC's ultimate goal is surpasing Paypal, Visa, Mastercard, all put together. This puts BTC on the trillions. Anyone holding a coin by then will be a millionaire.

it is sort of stable but it has a range of changing. at least for going down. as bitcoin price was stable higher than $220 for this long i say it is not going to go under that value that easily. and if you look at the past months movement it is looking upward and now we are stable at $270-280

It cannot support what people suggest at a pathetic market cap of 4 billion.

we are getting closer to an stable price but not quite there yet

Bitcoin can be very volatile one day and then it can be completely (or near completely) stable the next. No one really knows what the Bitcoin price will do, but as of right now, Bitcoin is not very stable.