Bitcoin Forum

After the last flash crash, the price fall 19% in a month. Now, for some reason the price is stabilizing at 475-480 USD.

Would you tell this is the price we're going to keep the rest of 2014 or there will be some changes?

With the receny Paypal news the price should rise in few days but I don't know if there will be a new bubble soon.

Stability will not happen south of 100k. That should really be stickied somewhere...

It's not going to stabalize until we have been over 100k several times... many old timers will sell at those prices. I mean if you have 1,000 BTC (not that difficult to buy, even at these prices) you may as well sell 1 per month for 100k/month income... although at that point the "selling" will be by the merchants as the bitcoin holders will be spending on boats and mansions directly.

Don't listen to the morans above. The price is not "stable" if it continues to fall month after month. People claiming that it will reach $100,000 a coin are part of the "get rich quick" cult and have foolishly invested all their assets into this... they want you to join them because, you know, misery loves company.

Anytime a group of people rally around a commodity and tell you "pie in the sky" stories of riches, you should be extremely skeptical. There is no further innovation for bitcoin, just morans telling each other that they're going to be rich for their digital tokens, of which ~3,600 new ones are produced EVERY.DAY.

Maybe you don't know what stability really is, bitcoin is anything but stable at the moment :)

ok tell me what stability really is and what you consider stable :)

It could do but at the same time it could go either way so I would not get my hopes up about it being stable for the rest of the year. Hopefully it will but I don't see it being a definite at the moment.

It's weird how the price crashed down to 465 right after you posted this.

It is relatively stable considering the past volatility.

What are the factors of this crash if I may ask?

No. We're not stabilizing. It's merely a time uncertainty amongst investors. The old clash between potential gains, cutting losses, and reasonable hedging. Just the way markets work all the time.

SR2,Agora or some other black market will be "hacked" or busted soon and then another fake crash will begin. ;D

Why should they be busted soon, it seems that it was DPR's taking security too low weight chat caused him to get busted.

Stable? Really?

To any sane observer, Bitcoin is constantly falling. It's ten months since the ATH, and we're practically at a third of that price now. The unsustainability of this ponzi scheme is becoming apparent to even the most adamant cultists, so they're desperate to lure in newbies, telling them fanciful stories about how "cheap" a $100k coin is. Yet they themselves refuse to buy coins priced at $470!

Anyone currently on the sidelines, should stay away from this pyramid scheme. Any holders should sell before we crash down to 300 and below.

this is correct

No.

Less than two days after your post, we going to sub 460's and back to 475. And I see more moves soon

It's still stablilization around 470-480 no?

No, I don't think so. Look at the volatility and daily range it is crazy. This is worse than a pennystock pump and dump.

With all the good news from the business area I am wondering why the value of the Bitcoin is not increasing..

Give it time. People need to find out and try out bitcoin before they start using it.

News is not enough. We need a lot of buyers.

I believe that it is stabilizing. I was bit shocked when the price index dropped severely twice last month. Currently its gaining steam again.

Of course it does stabilize, but is far from the end of process.

It's not stabilizing, just a period of stagnation before the bubble.

BTC USD is long term Downtrend.

Resistence is 552

Drop your false hope! Look at these forums.. there are no new users interested in bitcoin! Only speculators here. Only speculators out there. Nobody using bitcoin for commerce! Bitcoin is going nowhere but down!

We haven't even reached 1% of mainstream adoption, the insane rise to 100K will not be very stable.

When it reaches $600 .. I might sell some...

The thing is right now with Europe quantitative easing is making the USD strengthen. This has kept a lid on the gold price and commodities in general.
Wait until the cracks show again in the USD and gold starts back on the march. You will see an uber-explosion in BTC price as a proxy, I promise you.

But will this take a long time ? Perhaps.. Perhaps BTC will fall to $100 by then. But maybe it kicks off tmw.. Hmm

Have you got source for the QE story? As far as I know they are only trying to avoid it.

I consider bitcoin prices as quite "stable" now. It is on it's way down at the moment, but it is still stable compared to volatility last year.

http://youtu.be/dMV7RrIMbPs

Not that I rely on kitco for my news but it's where I can link you right now

paypal announced they will support bitcoins, so WHY is BTC still going down??

big news like that used to raise price, why it hasnt happened now?

Because it is already priced in the market due to insider trading.

Also the price will go down a lot instead due to paypal users selling BC.

Looking closely at the charts of the last years, I don't think that bitcoin has a stable value or that it is stabilizing.

I think we need to find the long-term support now. We might be still above that, so good news are only making the bad situation better, but aren't taking us to new heights. We need some time of recovery before we can start a healthy increase again. This may take some time, I believe it may be 6-12 months even. We'll see. Then again, Bitcoin tends to surprise us :)

I wouldn't be surprised to see another flash crash, but I think we are poised for the beginning of a steady price recovery over the next few months. There's a lot of evidence for this if you think about why the price has been falling, and consider all the recent news. Studying the charts from last summer made me very optimistic. Seriously, try it.

Who said paypal will let sell btc and not only buy them?

For example Payza already supports btc but only for withdrawing to btc, so you can only buy them not sell and the price is higher than in exchanges

I'm sure it will not be useful for trading but it would be still another service which supports the currency and should make it more valuable

We're only stable because people are afraid to fall even deeper. I'm afraid that this hasn't been the real bottom, as well. Bitcoin seems trapped in a strange oscillation of price these days. There's some movement, but it doesn't break out of any channel so far.

If you call the dropping $3 and rising $3 stabilize then bitcoin has stabilized.  ;D

The charts doesn't look "stabilized", bitcoin's value is changing every day.

Yes it is. Compared how it was last year is quite stabilized.

You are objectively wrong. If Bitcoin is going for mass adoption and that's the goal, the price will not reach a legit, FIAT tier stability price until we are several times the current prince, it will take maybe a decade for the continum rise to be more subtle and with less big up and down. You'll wish you invested in this technology when FIAT currencies are worth peanuts in the future.

Bitcoin will stabilize at zero a couple of years down the road.

No.. Bitcoin is dropping again.

Only when it is not widely adopted.

It is stabilizing, but not quite yet, it needs to first recover to right level. that is at around $100.

Many people in this forum would have gone "all in" on bitcoin, long before the price goes anywhere near $100.

Still a little bit wobbly until now. Bitcoin is not yet stabilizing.

Would be a pretty 6-month double bottom at 375 (if stabilizing).

Last time it was catastrophic news, this time nothing. Just someone selling, which is kinda scarier than gox.

It seems to be stabilizing at $100 below last month's level now.  ;D

There is lots f bad and good news, so they neutralize. BTC is close to getting stable. And that is perfect for it. None of other coins is in such stage, since they will still raise x10 and fall x10. This makes BTC far ahead by adopting it by people and governments.