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Author Topic: Stable, stable, stable!  (Read 13893 times)
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July 27, 2016, 10:58:46 PM
 #301

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     
I hate it when the price is stable because Bitcoin becomes really boring at that point and some people might even quit.
I also have thought a couple of times of quoting but I am going to be patient and wait it out.

No one will quit. And if there are people that will indeed quit, then we're much better off without them as they don't add anything of value to Bitcoin. I personally don't mind stability as it gives less experienced Bitcoiners and the average joe more incentive to use Bitcoin as currency.

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July 28, 2016, 04:11:56 AM
 #302

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     
I hate it when the price is stable because Bitcoin becomes really boring at that point and some people might even quit.
I also have thought a couple of times of quoting but I am going to be patient and wait it out.

No one will quit. And if there are people that will indeed quit, then we're much better off without them as they don't add anything of value to Bitcoin. I personally don't mind stability as it gives less experienced Bitcoiners and the average joe more incentive to use Bitcoin as currency.
If anything, this stability could attract more people into bitcoin. Because if the price remains this way, people would now start to look as it as an alternative currency, much like the dollar which is also a very stable currency. Although it is not really bitcoin's nature to be stable, this thing going on could last a while because nothing has really happened to make the price jump up and down again.
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July 28, 2016, 08:06:29 AM
 #303

If anything, this stability could attract more people into bitcoin. Because if the price remains this way, people would now start to look as it as an alternative currency, much like the dollar which is also a very stable currency. Although it is not really bitcoin's nature to be stable, this thing going on could last a while because nothing has really happened to make the price jump up and down again.

Stability can't attract more people but people are already attracted that's why bitcoin reached the status of becoming a stable one. That's I don't want bitcoin to become popular more since I care for the price and Im using bitcoin as an investment.

Aside from the benefits we can get from using bitcoin, let's just take advantage of that investment since big whales are still here making such trend.


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July 28, 2016, 07:31:55 PM
 #304

Stability can't attract more people but people are already attracted that's why bitcoin reached the status of becoming a stable one. That's I don't want bitcoin to become popular more since I care for the price and Im using bitcoin as an investment.

Aside from the benefits we can get from using bitcoin, let's just take advantage of that investment since big whales are still here making such trend.

Stability may not attract investors or traders. But stability can attract more users and the price will rise gradually.
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August 02, 2016, 10:10:35 PM
 #305

now the stability of bitcoin has been break and the bitcoin is in downfall direction, the price is about 130 USD down from its stable position within 3 days, so what do you think what will happen, is it possible that the price of bitcoin will come back to its previous position, i personally hopping that very soon the price of bitcoin will be cover, and it will gain its previous position very soon.
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