2013-05-28 Anyone Into Bitcoin Has To Be Really Happy This Month

[bitbitcoins]

http://www.businessinsider.com/bitcoin-stability-2013-5

[aigeezer]

http://www.businessinsider.com/bitcoin-stability-2013-5

Worth reflecting on, I suppose, but the piece strikes me as a journalistic cheap trick. In months where BTC is volatile they write a piece about volatility and in months where it is stable they write a piece about stability. Round and round they go.

I remember some of the day traders here saying they loved volatility. This article suggests that everybody loves stability. Shallow stuff.

Regardless, it tempts fate. Volatility coming soon?       

[bitbitcoins]

Finally ... it's like with stock exchange analysts...

[grondilu]

In months where BTC is volatile they write a piece about volatility and in months where it is stable they write a piece about stability. Round and round they go.

Exactly.  Those people are hopeless.

[kjlimo]

I wonder how long before they stop using Mtgox's chart for displaying the history of Bitcoin prices.

Last chart I came across showed Mtgox still over roughly 80% of bitcoin daily trading.

Has anyone start making a blended chart including CampBX and others?

[lunarboy]

I wonder how long before they stop using Mtgox's chart for displaying the history of Bitcoin prices.

Last chart I came across showed Mtgox still over roughly 80% of bitcoin daily trading.

Has anyone start making a blended chart including CampBX and others?

The only thing i've seen is this from Bitcoinity, gives you a good idea of the market evolution, but not a compound exchange rate. I think more work is needed on this.  http://bitcoinity.org/markets/list?currency=ALL&span=30d

[GenTarkin]

The market is stagnant atm...not stable.
Stable would be if there is just as much volume in trading as there was in april w/o the crazy price swings...
Only then and even more volume would it be considered stable.
I suspect the low volume is due to the ever increasing of moving funds between currencies into & out of bitcoin.

[bb999]

Also anyone really worried about volatility in this space either is thinking much too short-term or needs it for operating purposes and there are hedging vehicles available.