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Author Topic: Bitcoin stable price.  (Read 1306 times)
InsanityIsGreat
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July 05, 2011, 03:29:42 PM
 #1

Judging by the high and low of how the price has been fluctuating the past 2 weeks where we are at right now is a good low point  Cool the price is getting ready to rise and anyone cashing in will love it. We are approaching a stable point in a little bit here probably at about 14-15$ roughly. What do you guys think?

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BitcoinPorn
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July 05, 2011, 03:40:43 PM
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I am going it is pretty low, but without anything in the news to pump internet interest, it will just be random waves.

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July 05, 2011, 03:45:01 PM
 #3

If you look at the demand right now there is much more supply than demand.

So price will continue down for some months, I think it will go stable at $6.
Then work its way back up to $100 over the coming months/year.





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July 05, 2011, 03:50:12 PM
 #4

If you look at the demand right now there is much more supply than demand.

So price will continue down for some months, I think it will go stable at $6.
Then work its way back up to $100 over the coming months/year.






Not that I necessarily disagree, but what do you base your demand on?  The order book does not accurately reflect the entire market apart form saying that if someone wanted 5kBTC this instant, he/she would pay a max of 14.5 USD / coin.  There is no information about money waiting on the sidelines, nor is there any way to predict the dynamic response produced by a shock to the system.
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July 05, 2011, 03:54:55 PM
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Right now it looks like a close at just under $12 USD is not out of the question. The 5 day chart looks pretty grim.
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July 05, 2011, 05:49:34 PM
 #6

If you look at the demand right now there is much more supply than demand.

So price will continue down for some months, I think it will go stable at $6.
Then work its way back up to $100 over the coming months/year.


if i had balls of steal I'd sell everything right now and wait for the price to fall and buy low

but what if your wrong... and the price goes up...

playing the market is a tricky thing

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