Bitcoin stability

[inca]

If bitcoins price were driven by commerce the would be around 10-20 cents right now.

That would mean a market cap of just under a million dollar which is still optimistic. Rationally it would even be something like 10 - 100K.

Nothing changes..lol

[Amph]

I've only been watching BTC for about a one year and  During that time we have had longer periods of stability but I highly doubt that BTC has "stabilized" at ~230.00
More volatility is almost certainly on the horizon.

it is just a matter of perspective, if you compare it to the price before 2013, 230 is a one hell of a price, you can't say nothing bad about it, it's a great achievement

and the stabilization will help those that are poor in bitcoin to accumulate more for the time being

[elux]

the stabilization will help those that are poor in bitcoin to accumulate more for the time being

yes, think of the (bitcoin) poor  

[jehst]

Even at its most stable, bitcoin won't be much more stable than oil or gold. That is to say not stable at all.

Any "stability" that you see is a lie.

[knowhow]

well bitcoin is like stable last months ,but is till when this will stand i guess it can go high easy as can go down .... but there is too many interest soo i doubt really it will go too deep i guess maybe 180 dollars minimum maximum i cant say around 300 dollars currently

[ajareselde]

well bitcoin is like stable last months ,but is till when this will stand i guess it can go high easy as can go down .... but there is too many interest soo i doubt really it will go too deep i guess maybe 180 dollars minimum maximum i cant say around 300 dollars currently

300$ maximum on what timeline (by year's end or indefinetly?)

The way i see it is that bitcoin is just missing the initiative to reclaim new hype prices, which could easily happen few months after the halving, when the demand becomes obviously above the supply.
It seams logical to me that the price doubles after the halving, but not just because the reward will be cut in half, but also due to fact that we are now pretty stabile @ 200-240 range.
There will obviously be those who will sell and therefore make impact on the rise, but since most of people look at bitcoin as store of value - that period shouldnt be long.

cheers

[knowhow]

well bitcoin is like stable last months ,but is till when this will stand i guess it can go high easy as can go down .... but there is too many interest soo i doubt really it will go too deep i guess maybe 180 dollars minimum maximum i cant say around 300 dollars currently

300$ maximum on what timeline (by year's end or indefinetly?)

The way i see it is that bitcoin is just missing the initiative to reclaim new hype prices, which could easily happen few months after the halving, when the demand becomes obviously above the supply.
It seams logical to me that the price doubles after the halving, but not just because the reward will be cut in half, but also due to fact that we are now pretty stabile @ 200-240 range.
There will obviously be those who will sell and therefore make impact on the rise, but since most of people look at bitcoin as store of value - that period shouldnt be long.

cheers

that is the big problem several people,investing on bitcoin ,want a low term income if it reaches 20% in a month several people sell it ,soo the raise moment gets stucked by those interest on sell it to take the proof.
But yes we will reach a moment of demand and supply when happens those low term investors will be out of the game and the medium and long term investors will act and get the bitcoin stable again but at a new stage lets say around 350 -500 dollars more 3 years to reach it my prediction

[elux]

Do take the time to read the 2011 replies.

Many of them -- perhaps even any of them -- could have been written yesterday.

Even though the current price is 230 instead of 2.3

Heyooooo 2016! 

Welp, trading was fun while it lasted. But it seems we found the fair price of bitcoin. Apparently that price is $772. It's been fun. Thanks for everything.

https://www.reddit.com/r/BitcoinMarkets/comments/5hibm8/daily_discussion_saturday_december_10_2016/db0q6ij/