Bitcoin Forum

haven't been on in a while

This is a calm period after the last bubble and should end in few weeks.

in february, bitcoin was $804ish dollars. 6 months later, it is hovering around $590. your statement is false.

It is a calm period, that's true. But I can't see any reason why it should remain this stable for an extended period of time. We've seen such stable phases before, when the bubble collapsed and the price corrected itself up, then down, and then slowly up again.

It's just stable for now. There are always new improvements and other factors to conider.

Its stable at the moment, it probably wont stay stable. Just like anything of value it has its ups and downs, right now, its just staying nice and level.

People in crypto aren't that keen on this stable period, they like action.

Actually, it's better to have a stable period, getting rid of volatility is something we need to be happy with.

We have have a drop from the highest 625 to 560 in the past 14 days so not very stable. Now it is 587...

No.

Unless you think we already reached the saturation level of adoption.

For me it is like an active volcano, today it is peaceful, and tomorrow can BOOM and destroy a whole city

No. There are too many 10%+ price swings for it to be considered stable.

The price has been in the range (400, 700) for the last 7 months. We are currently at 585, so in the upper part of the range. If you make the range smaller, say (500, 600) then it's not so stable. If you take the first range, as I did, then it's pretty stable.  So it depends on how you read the data. There are a few sites in which you can see the long term price data.
But of course, none of the past data is a guarantee for the future, we may see 2000, 10.000, 300.. anything - but I think this is part of the fun  :D

chart and price says so

http://s.hswstatic.com/gif/calm-before-storm-1.jpg

The calm before the storm.

I honestly believe bitcoin will continue rising, possibly even to the $1k mark.
Simply because more and more people are becoming involved with it.

This thread seems a little speculative, but I am going t try and steer clear of that in an effort to keep it in the main forum.

Bitcoin is stable enough for two things at this point:

1) BTC is an excellent mid-term storage of value.
2) BTC is an excellent medium of exchange for goods and services for those that either liquidate the BTC or HODL for the mid-term.

We are nowhere near BTC having a stable price in terms of fiat. I fully expect wild swings in the near term.

As a protocol, bitcoin is more stable than the device you are reading right now.

It seems that bitcoin price will stay around 600 for a while.

People said the same thing when Bitcoin was hovering at $100 for 6 months last year.

Has been stable for a month.

It was stable for 1-2 months when bitcoin was around 100 before it went to 1000+.

lol thats what i was thinking and sold a bit of coins before the big up swing  :'(

The older members of the forum or the people who are in bitcoins from the beginning have seen this pattern 5-6 times and now is repeating as always.
Don't sell now because probably we are near to the start of a new rise.

This stability could be broken by a rally or by a final capitulation, let's see what will happen.

No way.

There is a finite supply, and fixed ammount of coins appearing each day.

By one side, 99.9% of people are outside bitcoin world, so there is room for demand.

By other, if people lose interest by the coin, the price will decay.

We keep the equilibrium for any significative ammount of time seems impossible for me

I've noticed since Karpeles fessed up and went bankrupt it's been more stable. A few years ago it was swinging 50% or more in just a few days. A 10% swing up and down over months seems rock solid by comparison.

ohh, I heard about this race some months ago. Could you remind me pls?

Actually Karpeles is what cause the market to go unstable few months back and China...

Yeah it will remain stable for a while until the next big event which will hopefully be the catalyst for a rally :D

Stable? The word is "sideways" and it tends to last for a few weeks before blasting off in either direction with impressive force. So, no, stability ain't happening here.

Old news  :D

https://bitcointalk.org/index.php?topic=68274.0