Bitcoin and LTC have finally stabilized at 800 respective 30 dollars?

[thedarksun]

The last two days, Bitcoin has been circulating around 800 dollars and LTC around 30 dollars. Does this mean for the nearest future the prices will not vary very much from these? Or perhaps it won't change for a longer period of time as well.

[Sindelar1938]

Difficult to say

The ceteris paribus FV for ltc is25% of btc value but it is impossible to predict what that spread is gonna do

[tovgindo]

It is not that.

It again raises close to 900 will reach 1000 tonight.

As expected will go down to atleast 550 at the weekend.

[toki1234]

It's probably much too early in the whole cycle to say whether or not they have stabilised long term. Who knows, it could take off again. These are still in their infancy, relatively speaking.

[nandgate]

It is still in the high volatality range.

Wait and watch for the next days to see how it goes.

Even it can be assumed next week too.

[reactive4ce]

The last two days, Bitcoin has been circulating around 800 dollars and LTC around 30 dollars. Does this mean for the nearest future the prices will not vary very much from these? Or perhaps it won't change for a longer period of time as well.

I doubt, last days we are far from stable price, I dont see reason why it should change now.
The market is trying to find fair price

[thedarksun]

It is not that.

It again raises close to 900 will reach 1000 tonight.

As expected will go down to atleast 550 at the weekend.

But what about LTC? Will it ever hit 40 dollars again? Even if just for a short period of time.

[F9F0F]

Quite worrysome that its still so volatile, but with the latest news regarding China and BC its pretty impressive that it didnt drop more.

[wagamamaman]

Don't really think "stabilized" applies in the context of crypto currencies at this point in time.  

I see it as a new paradigm, and old terms from old finance mostly look like anachronisms.  The number 800 itself is just arbitrary when it refers to a fiat currency, which by definition pretty much has no stable worth.

I'm a new man here btw, hello

[ferda2mx]

The last two days, Bitcoin has been circulating around 800 dollars and LTC around 30 dollars. Does this mean for the nearest future the prices will not vary very much from these? Or perhaps it won't change for a longer period of time as well.

The price is far from stable now, check the price history graph and you will see long periods of stable price, but not now

[coincrasher]

LOL, this post gave me a good laugh, thanks!   

BTC has had it's short periods of stability, but it's still swinging!  I think we need some more main street adoption before we see prices stabilize.  What stabilizes the dollar?  Milk.  You don't see the price of milk swing 25% from one day to the next.  You can think of a merchant as an actor on the exchange.  The grocer ties the dollar to x quantity of milk.  The grocer is slow to react to changes, such as the government printing more cash.  There may be more money in the system, but main street is going to take a while to adjust.  Speculative markets on the other hand adjust very quickly.  So I think bitcoin needs to be tied to more than speculation in order to stabilize.  It needs to be used.

[bruceavailer]

It is increasing.

The volatality hasn't gone.

I hope it will not this year.

LTC might reach 100$ who knows.

[LiteCoinGuy]

maybe zero.

[Raptas]

"A few days" is nothing with the current volatily, in a week or 2 we might be talking about whole different numbers than we are now.

[Jcw188]

LTC seems to be loosely based on BTC price.  Yeah, this value/price changes so often it's hard to say there's a stable price anywhere, unless it stays here for at least a couple week, like when it was down near $200.

[miners78]

I don't see why it will stop rising now. Even with what happened in china, all that happened was the price was pushed down, and then it began to rise again shortly after.

[TheJacob]

Its not any more or less stable than it has been. There have actually been plenty of swings recently. Even after that small crash.

[thedarksun]

Now it goes back to 28 dollars. I think LTC has found its price, and will not go above 35 dollars again.

[klovishey]

Now it goes back to 28 dollars. I think LTC has found its price, and will not go above 35 dollars again.

This is not how cryptocurrency market works, coin prices cannot be stable, too small trade volume + individuals with big stacks

[marty830]

Indeed why wouldn't it go above 35 dollars (or far below $ 28 for that matter)? It has done so in the past, so why not now?

I don't see why people make these bold statements, knowing where BTC and LTC came from. They're worth what people are willing to spend on them, (at this moment) nothing more. BTC payments are gaining traction, but the amount of transactions is still far from traditional currencies.