Why the fiat price of Bitcoin is stagnant.

[strunberg]

How about you guys check out some of the first pages of the Wall Observer thread?
Chill out.
Stop treating bitcoin as a get rich quick scheme.

[maker88]

you are wrong man, Good news won't save Bitcoin's price any more

Because after all those bubbles & pools easily > %50 hash & crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k) people has lost faith in bitcoin!
The Bitcoin fundamentals has broken, people found out that bitcoin can not be saved after all!

https://bitcointalk.org/index.php?topic=703267.0

did you just quote your own FUD from another thread to support your argument that he's wrong? god you are a sad sad little person..

[smoothie]

look at the bears....so funny. i da cute. 

[Malin Keshar]

at least is not volatile anymore, that's good

no, that's bad.
i consider bitcoin a failure when it can't even get past $650
we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.
lets talk about "stability" when/if it gets to $50,000.

Bitcoin will be a failure if the price still under 650 after the next halving, somewhere around 2016, because the mining costs will be greater than the bitcoin price.. Or if it retracts in market cap with some constance, what will not happen if bitcoin price is stagnating.

[crocko]

On July 22 the next bubble was supposed to burst and the Bitcoin price to jump at least at $4000 (see post on this forum).
Today is that day    and Bitcoin is still under $650.. The price it is stable, but still low. Even mining for altcoins it is no option anymore.
I don't know, but last year, if you purchased an ASIC you still had chance to ROI and make some profit.
I don't understand one thing: why the Bitcoin price don't react when good news occurred (ex. Dell adoption) and only when bad things happens..

[gentlemand]

On July 22 the next bubble was supposed to burst and the Bitcoin price to jump at least at $4000 (see post on this forum).
Today is that day    and Bitcoin is still under $650.. The price it is stable, but still low. Even mining for altcoins it is no option anymore.
I don't know, but last year, if you purchased an ASIC you still had chance to ROI and make some profit.
I don't understand one thing: why the Bitcoin price don't react when good news occurred (ex. Dell adoption) and only when bad things happens..

The 'bad' news usually affects people who hold coins right now. Most of the good news that has occurred is a slow burn towards a more epic future.

[InwardContour]

On July 22 the next bubble was supposed to burst and the Bitcoin price to jump at least at $4000 (see post on this forum).
Today is that day    and Bitcoin is still under $650.. The price it is stable, but still low. Even mining for altcoins it is no option anymore.
I don't know, but last year, if you purchased an ASIC you still had chance to ROI and make some profit.
I don't understand one thing: why the Bitcoin price don't react when good news occurred (ex. Dell adoption) and only when bad things happens..

The 'bad' news usually affects people who hold coins right now. Most of the good news that has occurred is a slow burn towards a more epic future.

It's just a matter of months, I don't think that this calm period will lasts forever.
Every day the adoption is increasing and the good news are popping out more frequently, we are close to the new rally.

[BitcoinAddicts]

Not enough hot money into Bitcoin, need a good reason for people to invest..

[tinof]

Not enough hot money into Bitcoin, need a good reason for people to invest..

Last stage of bubble is always hysterical.

[Febo]

at least is not volatile anymore, that's good

no, that's bad.
i consider bitcoin a failure when it can't even get past $650
we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.
lets talk about "stability" when/if it gets to $50,000.

Bitcoin will be a failure if the price still under 650 after the next halving, somewhere around 2016, because the mining costs will be greater than the bitcoin price.. Or if it retracts in market cap with some constance, what will not happen if bitcoin price is stagnating.

You cant be sure. Maybe cost of electricity will 1/3 till then.

[RobertDJ]

at least is not volatile anymore, that's good

no, that's bad.
i consider bitcoin a failure when it can't even get past $650
we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.
lets talk about "stability" when/if it gets to $50,000.

Bitcoin will be a failure if the price still under 650 after the next halving, somewhere around 2016, because the mining costs will be greater than the bitcoin price.. Or if it retracts in market cap with some constance, what will not happen if bitcoin price is stagnating.

By then the TX fees will hopefully have increased a lot by then, making the block subsidies not as import to miners.

[negafen]

Stability doesn't mean stagnant. Market still expanding for bitcoin usage.

[Pepin]

Bitcoin will be a failure if the price still under 650 after the next halving, somewhere around 2016, because the mining costs will be greater than the bitcoin price.. Or if it retracts in market cap with some constance, what will not happen if bitcoin price is stagnating.

If mining is uneconomical, many miners will drop out until mining is break-even again. It is a self-balancing system. A halving is a shock to that system, but it will work itself out naturally.

[negafen]

Bitcoin will be a failure if the price still under 650 after the next halving, somewhere around 2016, because the mining costs will be greater than the bitcoin price.. Or if it retracts in market cap with some constance, what will not happen if bitcoin price is stagnating.

If mining is uneconomical, many miners will drop out until mining is break-even again. It is a self-balancing system. A halving is a shock to that system, but it will work itself out naturally.

Two possible outcomes.

Either price needs to double or total hash rate need to go down in half.

[Cranky4u]

at least is not volatile anymore, that's good

no, that's bad.
i consider bitcoin a failure when it can't even get past $650
we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.
lets talk about "stability" when/if it gets to $50,000.

Bitcoin will be a failure if the price still under 650 after the next halving, somewhere around 2016, because the mining costs will be greater than the bitcoin price.. Or if it retracts in market cap with some constance, what will not happen if bitcoin price is stagnating.

Same sort of things were said last halving day...Generally miners will not sell at a loss so a reasonable amount of market liquidity dries up and then supply / demand pushes the price up until miners start to sell because mining is economical (just).

[Bogleg]

Need new money to pump bitcoin to another level.

Everyone right now is expecting bitcoin etf will make them rich.

[Swordsoffreedom]

Well its stagnant in terms of its been a few months since the last rise.
And those months feel like they drag on but your right were not thinking clearly Bitcoin is averaging a large amount of merchant adoption in terms of market capital and users, that might be pushing the price down with all those merchants converting and may be why the rise is being stalled.
But when it picks up eventually it will be fun

[BusyBeaverHP]

I like how when prices are stable, newcomers who wants to get rich quick calls it stagnant... fucking rookies.

[giveBTCpls]

^ This lol. Look at the graphic from all time perspective, there was a period of months when Bitcoin was like 1 dollar. Get real, constant growth is a fact, but you'll only see it was constantly growing when you step away from the alltime graph in 10 years. Ups and downs ill happen, that will confuse people into incoming crashes or rallies. HODLING is the name of the game for me.

[yayayo]

I read a lot of people on here complaining about how there is all this good news coming from Bitcoin but they don't understand why the fiat exchange rate remains rather stagnant. How can the market be bullish if the price doesn't increase? It is simple. There are 144 blocks found each day, each containing 22 newly mined Bitcoins. Regardless of whether the miners sell or hold their coins, the market capitalization of Bitcoin is increasing by about 2,000,000 USD per day. So don't worry about Bitcoin being stagnant, because it isn't. Stagnant would be coins continuously being added and the price of Bitcoin going down by an equal percentage.

You're right with your explanation. It's like a traded company constantly releasing new shares to the market.

However, there might be another reason for stagnant/declining exchange rates: The use of payments processors as intermediary, who instantly convert bitcoin to dollar. In this scenario growing acceptance of bitcoin by companies could negatively affect exchange rate, as long as these companies choose dollar conversion of all bitcoin payments.

ya.ya.yo!