Bitcoin Forum

On Reddit my previous post (http://www.reddit.com/r/Bitcoin/comments/1bihzt/to_all_btc_sellers_1_btc_1000_usd_april_9_2013/) was downvoted, so I am very curious what could be a stable BTC price for the next few weeks.

Here on BitcoinTalk I noticed some more input on my previous post (https://bitcointalk.org/index.php?topic=164903).

With this poll I would like to promote the awareness about the influence the Bitcoin Community has on the bitcoin price.

I think the bitcoin market price is not given.
It is set by individuals, or set by the community as a whole.

The stability and predictability (=trust) can be set by the community if it acts as whole.

Only an idiot would refuse to sell at $150.

I came from a reddit link saying "I am willing to sell my bitcoins for:"

I guess i'm disappointed that there are only prices and no option for 'physical stuff', or "useful labor" or something like that...

I guess I'm an idiot then. I won't sell before $1000000 is reached.

I don't believe you understand the question.


I am willing to sell as many Bitcoins as I own for $150. Refusing to do so is like refusing a free ounce of gold because "gold price is going up".

But there are like 1 million ounces of gold for every bitcoin..

Good to hear!
These specific answers are set up because I am curious what a stable bitcoin price would be at this moment.

I'm not sure you do. As I understand it, he's not asking if you would sell your BTC right now for that much. He's asking how high the price would have to go before you would cash out.

Of course, I could be misunderstanding you here.

Current stable bitcoin market price.

Right, but he's not asking if you would sell at a premium over today's market price, because as you said, everyone obviously would (and then most of them would buy back the bitcoins at a profit--I certainly would). He's asking what the fundamentals currently indicate as to what the "correct" price of a bitcoin is. So, if you would sell 50% of your coins tomorrow if the price hit $150, then that's your answer. If you expect you'd wait until $500 or $1000, that's the answer. It's a question of what would the market have to be willing to pay for you to sell your coins.

Sell all of your Bitcoins for $150, then turn right round and buy for $100.

@dree12
@Strophon

Thanks for your discussion.
I changed the name of the topic with emphasis to 'stable'.
I think we all agree the current price is not stable.
Too high would cause a sell-out (price drop) and a price too low, at this moment, would not stop the steep price rise.

The question is: what price would stabilize the market price at this moment?