Bitcoin Forum

Anyone know a website i can see bitcoin price history by month?

I feel as if it's been 2 or so months with bitcoin hovering around $350-$400 I know some people consider bitcoin more successful at times when it's selling for more, but to me, I think a stable price is a good sign of our success.

Anyways my question is: When was the longest streak of bitcoin staying in a $100 range (example: $900-$1000)

2009-March 2013 0-$100 :D

I use an app called Bitcoin Ticker to measure the value. I think the longest $100 span is in progress, it's stayed around 300-400$ for a while

Yes, the stable price is a good sign of its success, which means buying and selling volume are balancing at this level. There is no speculation or selling pressure that will drive the price down . The stable price will increasingly make ppl comfortable to buy and spend bitcoin.

It kind of runs counter to the volatility complaint. Personally I never quite understood why volatility is necessarily a negative.

Maybe because it scares people away from adopting BTC? I always felt that it is volatility that is keeping everyone (or most people) away from Bitcoin. There are so many good things about BTC, but the only thing people look at is how volatile it is and whether it is a safe investment vehicle. I always believe that 1 BTC =  1 BTC and not 1 BTC = $XXX. I guess this is what people need to realize, BTC is a currency in its own right and not something to convert to dollars at the first opportunity, its not a commodity, it is a currency!

The more people who believe the way i do, will help drive the future of bitcoin.

I agree in the long term but I kind of like being able to buy it on dips. I am not really an investor or trader, just a collector.

http://bitcoincharts.com/charts/bitstampUSD


Here's the past 6 months:

https://i.imgur.com/XTbIbIb.png
https://i.imgur.com/XTbIbIb.png

There was a period of significant stability from Feb 23, 2012 through June 3, 2012 where the price stayed between $4.50 and $5.50.  That's $5 +/-10% for more than 3 months.

In the past 3 months we've been as high as $492 and as low as $275.  That's $383.50 +/-28.3%

In the past 1 month we've been as high as $453.92 and as low as $#336.27.  That's $395.10 +/-14.8%

If you want to get within the 10% range that we had back in 2012, then we've only been that stable for the past 20 days ($378.53 +/- 9.6%)

Well if you go to coinmarketcap you can see there is a small graph on your right hand side that practically shows the price movement history. Just need to click the "all" tab. However the information is far from complete as the graph functions are limited and will only give you a rough overview. Probably there are better graphs, may some other members will point it out

Maybe they could provide an option whereby it could be used in dual mode? Like, you can use BTC to buy stuff and also buy BTC for USD / Other currencies? I would prefer to buy stuff with BTC though since the FIAT currencies of the world cannot contain inflation. Printing currency notes is not the solution to fix deficits. The sooner people that matter, realize that, the better it is for everyone.

Very informative, thank you.

With the upcoming auction it's either going to jump or fall.
http://www.coindesk.com/usual-suspects-return-bid-latest-us-marshals-bitcoin-auction/

There's 20 would be "whales" itching to snatch up a big chunk of BTC.... and it's not just because they think it would look good in their living room.

What is actually like to depress bidding at this auction is that they know there are at least 3 or 4 more opportunities to grab sizeable chunks in the nearish future. More SR/Ulbricht coins, Aussie 25k, possible SR 2.0 coins. The first auction did not quite have that problem, since because it was the first it might have been seen as somewhat experimental, therefore a possible a one off... but since it went well enough, it has validated the process so the opportunity is "non-unique" now, while .gov or any TLA is known to have any chunks of coin that will get disposed of.

So willingness of deep pocketed people to buy huge amounts of BTC is a plus to general market, non-uniqueness of opportunity to do so over the next year may be minus to realisable price at auction, may have a minus effect on market temporarily.

What was the immediate price reaction last time they auctioned off a batch of SR coins?

The last auction started on Friday, June 27 and the completed on Monday, June 30.

Here's the price history from the week before until the week after (June 20 through July 7):

https://i.imgur.com/x8ed6VF.png

As long as merchants don't think this way, there is no use of just thinking about 1 BTC as 1 BTC.

Interesting, I wonder if the buyer has since sold any of the purchase.