Stable, stable, stable!

[goxed]

The price of BTC is going to continue its stable multi-week run.

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[ronald98]

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

[lockscreen]

yeahh for these weeks
i hope that will improve soon .. true if the price is stable, it will probably make things worse

[Gronthaing]

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

But doesn't that make it harder for merchants to adopt Bitcoin? If it looks too unstable people won't trust it much. But would be nice if it was slowly increasing in value and not decreasing.

[Cconvert2G36]

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

But doesn't that make it harder for merchants to adopt Bitcoin? If it looks too unstable people won't trust it much. But would be nice if it was slowly increasing in value and not decreasing.

The merchants (few that there are), almost always convert to fiat at time of sale, making that point nearly moot.

I still think relative stability is a good thing. Serious people scoff when they see something go from $75 to $1200 and back to $200 in the space of a couple years. Can you imagine the change in perception if we simply gradually rose from 75 to 230 instead? Of course greed, crimes, and limited infrastructure got in the way of that last time.

Bitcoin isn't an upcoming actress, it doesn't need publicity for publicity's sake. This simply attracts illusory and temporary support. It just needs to be functional and preferable to alternatives for an evolving and growing set of use cases. The possibility of enduring survival and success will only follow that.

[Gronthaing]

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

But doesn't that make it harder for merchants to adopt Bitcoin? If it looks too unstable people won't trust it much. But would be nice if it was slowly increasing in value and not decreasing.

The merchants (few that there are), almost always convert to fiat at time of sale, making that point nearly moot.

I imagine many won't go through the trouble of accepting it if the currency is too unstable. And with too few users to be worth it.

So i hear someone is trying to fork bitcoin? A friend said one of the devs is threatening to do it, is that true?
How dangerous is that? If we get forked, would my bitcoins still be worth something, or is it game over, like my friend says?
Can someone ELI5 please?
Thanks!

Yes, Gavin proposed changes to Bitcoin and not everyone agrees with them or the timeline to implement them. He threatened to join hearn's fork instead. If miners and pools follow there could be a fork. The price may suffer then but I don't think it will be game over. And your bitcoins will still be worth something. Read https://bitcointalk.org/index.php?topic=1074701

[Fabrizio89]

It's one of the darkest period for Bitcoin right now despite all good news that people don't really know how to read, it's all just hype for everyone. Until some of the major problems are resolved Bitcoin will remain what it has been for several years a speculation instrument. Since high leverage and shorting were introduced the amount of money poured into the market has gone lower and lower and it's becoming harder and harder to sustain or even reach higher prices.

[Amph]

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

better to have stability than dumping, and pumping is out of the question for now, just use this phase to accumulate nothing else

So i hear someone is trying to fork bitcoin? A friend said one of the devs is threatening to do it, is that true?
How dangerous is that? If we get forked, would my bitcoins still be worth something, or is it game over, like my friend says?
Can someone ELI5 please?
Thanks!

they will be worth what they are worth now, don't panic plz, and don't sell anything

there are just certain individuals that are spreading fud, to make people like you dumping

read this https://bitcointalk.org/index.php?topic=1076511.0

[Borisz]

This stability will get Bitcoin zero publicity. There is no way the news is going to report that Bitcoin's price has done nothing for weeks. It takes wild price swings to get publicity.

I think the media reporting about big price swings is not a positive advertisement. Average people want to have the same 100€ in the bank (in their pockets) tomorrow as they put in today. Not 20€ because the price fell due to xyz reasons. Some other kind of publicity might be better.

[pleaseexplainagain]

It's one of the darkest period for Bitcoin right now despite all good news that people don't really know how to read, it's all just hype for everyone. Until some of the major problems are resolved Bitcoin will remain what it has been for several years a speculation instrument. Since high leverage and shorting were introduced the amount of money poured into the market has gone lower and lower and it's becoming harder and harder to sustain or even reach higher prices.

I see bitcoin in 2015 as fundamentally no different to bitcoin in any other year. Its still new and is still experimental. Anything that is new and experimental will be speculated - that is just "natural". Again allowing high leverage and shorting are just part of a commodity/currency getting more and more of the treatment that other commodities/currencies have to face.

It is not necessarily a dark period let alone one of its darkest periods. New demand is weak currently but we have not even got to the point where the average person would trust one of these exchanges - as they are far from transparent eg about internal manipuation. That is why the twins exchange might bring about more volume.

Give bitcoin a few more years and it will be doing much better     

[kwukduck]

You honestly think btc can be stable wich such intense drama in the background with a hard fork about to happen and completely disrupt the system?
What you're seeing now is called cognitive dissonance,  it leads people to say and do insane things,  of which this forum has ample proof.

We don't even need a hard fork at this moment to bring this thing down 50%. The sheer tension is enough,  one minor action can trigger a cascade of panic. That is why it's not moving,  that is why there is such low volume. Pure fear.

[goxed]

You honestly think btc can be stable wich such intense drama in the background with a hard fork about to happen and completely disrupt the system?
What you're seeing now is called cognitive dissonance,  it leads people to say and do insane things,  of which this forum has ample proof.

We don't even need a hard fork at this moment to bring this thing down 50%. The sheer tension is enough,  one minor action can trigger a cascade of panic. That is why it's not moving,  that is why there is such low volume. Pure fear.

What were you doing when BTC was on a streak of 5USD  for several months? Stable runs have happened in the past.
Increasing the Block size is called evolution / scaling. Welcome to the age of software.

[LFC_Bitcoin]

A stable price has both positive & negative connotations imo.
Merchants will look at is as a positive thing, they can sell goods to the bitcoin value of 100 USD & that 100 USD is still worth 100 USD the next day.
So potential bitcoin acceptance with merchants is more likely but at the same time the wild upwards price surges of the past haven't happened in a long time so bitcoin isn't in the media much lately in a positive light, presumably this means big, (dumb), rich investors that act on impulse & stuff they read about or see in the news aren't going to be coming on board any time soon.
I think we're stuck in a rut & I don't know what's going to get us out of it.

[vendetahome]

The price of BTC is going to continue its stable multi-week run.

yes bitcoins is pretty stable right now, price is around 430 all this week or two, and to be honest, i don't think that it is bad thing, because stable bitcoin will attract more users, of course we should get small price rise if everyone will want to buy bitcoins but atleast it shouldn't fall down

[alisafidel58]

The price of BTC is going to continue its stable multi-week run.

yes bitcoins is pretty stable right now, price is around 430 all this week or two, and to be honest, i don't think that it is bad thing, because stable bitcoin will attract more users, of course we should get small price rise if everyone will want to buy bitcoins but atleast it shouldn't fall down

I also like the fact that its pretty stable right now at 430 and slowly going up,the hard times of bitcoin is over now and its prosperous time for bitcoin.

[CryptoBjorn]

It will be not that stable. It is a currency and that is always changing so it wont be that stable for a long time.
But you can see now that the value is rising very slowly and that is very good for the people who already has made an investment in Bitcoin.

[Herbert2020]

this is stability is not a bad thing. it is only bad for those of us who want to make a profit from swings as day-traders.

but for bitcoin, in order to become a valid currency like dollar, euro,... the price needs to become more and more stable.
besides we are not at a stable stage yet, this is just temporary and going to change sooner that you can think.

[Hirose UK]

It will be not that stable. It is a currency and that is always changing so it wont be that stable for a long time.
But you can see now that the value is rising very slowly and that is very good for the people who already has made an investment in Bitcoin.

that's right. bitcoin price is rising slowly now but sometimes it will be down. that's the way it is.
don't lose hope, just do best strategy for the price

[1Referee]

The price of BTC is going to continue its stable multi-week run.

yes bitcoins is pretty stable right now, price is around 430 all this week or two, and to be honest, i don't think that it is bad thing, because stable bitcoin will attract more users, of course we should get small price rise if everyone will want to buy bitcoins but atleast it shouldn't fall down

I also like the fact that its pretty stable right now at 430 and slowly going up,the hard times of bitcoin is over now and its prosperous time for bitcoin.

The hard times of Bitcoin will never end. One day everything looks just fine, and the other day the entire market can look like a war zone. I have seen this happen since very early 2013 and nothing has changed so far.

[panju1]

It will be not that stable. It is a currency and that is always changing so it wont be that stable for a long time.
But you can see now that the value is rising very slowly and that is very good for the people who already has made an investment in Bitcoin.

Come on.... When compared to the volatility that Bitcoin has shown over the years, the current marginal movements can easily be called a stable price. Whether this stability is going to last is a different question altogether.