Bitcoin Forum

Economy => Speculation => Topic started by: Minsc on September 08, 2011, 02:32:05 AM



Title: We've stablized the currency of bitcoins!
Post by: Minsc on September 08, 2011, 02:32:05 AM
It's $7.11 per coin.

It's not going up.  Not going down.  Been like this all day with only slight variations.

Good news everybody!


Title: Re: We've stablized the currency of bitcoins!
Post by: fcmatt on September 08, 2011, 02:36:28 AM
Just wait a bit...
More pressure down just takes time to build up.


Title: Re: We've stablized the currency of bitcoins!
Post by: julz on September 08, 2011, 04:52:52 AM
It's $7.11 per coin.

It's not going up.  Not going down.  Been like this all day with only slight variations.

Good news everybody!

This raises the question..  what would it take for the general perception to be that it's 'stable'
Even if it were to go for a period of 6months varying by less than 1%  - I'm sure there would be plenty of people still bearing in mind that it could still be subject to a big selloff or spike.
Ultimately I think it'd need a combination of obvious heavy usage around the world, and a stable price for over a year before I'd be truly comfortable saying it had 'stabilized'.


Title: Re: We've stablized the currency of bitcoins!
Post by: smoothie on September 08, 2011, 05:08:20 AM
Hardly. I believe this is just a short stop on the way down some more.


Title: Re: We've stablized the currency of bitcoins!
Post by: Minsc on September 08, 2011, 05:58:29 AM
It's now dwindling down slow.  Knowing it's obviously set for another crash, why don't the holders just sell it all off right now before it drops to $6 and below?


Title: Re: We've stablized the currency of bitcoins!
Post by: im3w1l on September 09, 2011, 01:38:29 PM
It's now dwindling down slow.  Knowing it's obviously set for another crash, why don't the holders just sell it all off right now before it drops to $5 and below?
updated for todays data


Title: Re: We've stablized the currency of bitcoins!
Post by: greyhawk on September 09, 2011, 01:39:56 PM
It's now dwindling down slow.  Knowing it's obviously set for another crash, why don't the holders just sell it all off right now before it drops to $4 and below?
updated for todays data

Updated for 2 minutes ago


Title: Re: We've stablized the currency of bitcoins!
Post by: The_Duke on September 09, 2011, 01:44:38 PM
:D


Title: Re: We've stablized the currency of bitcoins!
Post by: iprivately on September 09, 2011, 02:17:03 PM
it jumped $0.70 in the last 20 mins


Title: Re: We've stablized the currency of bitcoins!
Post by: AssemblY on September 09, 2011, 02:18:04 PM
for me, it's time to buy!  :D


Title: Re: We've stablized the currency of bitcoins!
Post by: iprivately on September 09, 2011, 02:19:19 PM
for me, it's time to buy!  :D

+1


Title: Re: We've stablized the currency of bitcoins!
Post by: Richard Rahl on September 09, 2011, 02:21:19 PM
It's $7.11 per coin.

It's not going up.  Not going down.  Been like this all day with only slight variations.

Good news everybody!

ORLY?

32% Drop in 2days since this post says otherwise.


Title: Re: We've stablized the currency of bitcoins!
Post by: proudhon on September 09, 2011, 02:26:37 PM
Finally.  We're stable at $5.1.  Everyone can relax now.


Title: Re: We've stablized the currency of bitcoins!
Post by: Jixtreme on September 09, 2011, 02:35:55 PM
False promise is false.


Title: Re: We've stablized the currency of bitcoins!
Post by: proudhon on September 09, 2011, 02:48:52 PM
False promise is false.

Just so you know, bitcoin is considered stable when it's within a $0.5 price range for more than 10 minutes.