USD down again. BTC rock steady.

[cypherdoc]

what else is there to say?

[Shinobi]

what else is there to say?

Perhaps that such facts have no real bearing on the overall viability of Bitcoin?

[cypherdoc]

BTC was invented by Satoshi to provide an alternative to a devaluing currency called the ...

[Tx2000]

Short term yay.  Long term is means nothing.

[cypherdoc]

Short term yay.  Long term is means nothing.

i have to admit that longterm i hope it means EVERYTHING.

[xunker]

what else is there to say?

Quite a lot, if you're implying that that bitcoin is currently enjoying a more stable valuation than USD.

The 10-day moving average (10MA) for bitcoin has fluctuated from 14.3USD to 12.8USD.  That's about an 11% fluctuation.

Compare that to something like the USD -> Euro exchange for the same period, 0.713 to .7028.  That's about a 0.9% fluctuation.

I'm not going to say it's bad or good, right or wrong, all I am saying is consider a 10-fold difference in pricing volatility.

[cypherdoc]

what else is there to say?

Quite a lot, if you're implying that that bitcoin is currently enjoying a more stable valuation than USD.

The 10-day moving average (10MA) for bitcoin has fluctuated from 14.3USD to 12.8USD.  That's about an 11% fluctuation.

Compare that to something like the USD -> Euro exchange for the same period, 0.713 to .7028.  That's about a 0.9% fluctuation.

I'm not going to say it's bad or good, right or wrong, all I am saying is consider a 10-fold difference in pricing volatility.

i think thats b/c BTC is such an immature concept. 

overall tho since its inception, the volatility has damped down significantly.  this is what we need.

[proudhon]

what else is there to say?

Quite a lot, if you're implying that that bitcoin is currently enjoying a more stable valuation than USD.

The 10-day moving average (10MA) for bitcoin has fluctuated from 14.3USD to 12.8USD.  That's about an 11% fluctuation.

Compare that to something like the USD -> Euro exchange for the same period, 0.713 to .7028.  That's about a 0.9% fluctuation.

I'm not going to say it's bad or good, right or wrong, all I am saying is consider a 10-fold difference in pricing volatility.

Thank you for injecting more reality into this thread.  "BTC rock steady", seriously?

[cypherdoc]

what else is there to say?

Quite a lot, if you're implying that that bitcoin is currently enjoying a more stable valuation than USD.

The 10-day moving average (10MA) for bitcoin has fluctuated from 14.3USD to 12.8USD.  That's about an 11% fluctuation.

Compare that to something like the USD -> Euro exchange for the same period, 0.713 to .7028.  That's about a 0.9% fluctuation.

I'm not going to say it's bad or good, right or wrong, all I am saying is consider a 10-fold difference in pricing volatility.

Thank you for injecting more reality into this thread.  "BTC rock steady", seriously?

sure i'm serious.  compared to the previous 6 mo yes. 

i think this should give merchants alot more confidence in accepting btc for payment.

[kokojie]

BTC was invented by Satoshi to provide an alternative to a devaluing currency called the ...

Satoshi mostly wanted to provide a private and secure currency that were p2p, decentralized and can't be controlled. He didn't really care about value. Bitcoins can have huge inflations as we saw recently, in early June, I was able to buy a HD6990 with 25 BTC, now I must pay like 60 BTC for it.

[cypherdoc]

BTC was invented by Satoshi to provide an alternative to a devaluing currency called the ...

Satoshi mostly wanted to provide a private and secure currency that were p2p, decentralized and can't be controlled. He didn't really care about value.

i'm not sure i agree with this...

Bitcoins can have huge inflations as we saw recently, in early June, I was able to buy a HD6990 with 25 BTC, now I must pay like 60 BTC for it.

BTC has been trading like a penny stock.  with time, maturity, and growth it will become more steady.

[foggyb]

BTC was invented by Satoshi to provide an alternative to a devaluing currency called the ...

Satoshi mostly wanted to provide a private and secure currency that were p2p, decentralized and can't be controlled. He didn't really care about value. Bitcoins can have huge inflations as we saw recently, in early June, I was able to buy a HD6990 with 25 BTC, now I must pay like 60 BTC for it.

I don't agree with you at all. How do you control currency? By controlling its issuance which affects its inflation or deflation. Valuation was certainly on Satoshi's mind in the creation of bitcoin.

[Rassah]

what else is there to say?

If you mean steady in relation to USD, that SUCKS, since it means both BTC and USD moved down compared to the rest of the world.

[BusmasterDMA]

If you mean steady in relation to USD, that SUCKS, since it means both BTC and USD moved down compared to the rest of the world.

Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.

[TraderTimm]

Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.

You guys realize that dollar debasement results in more dollars needed to price in equivalent value? So the dollar-based price would in fact rise. Part of that dynamic is happening in gold right now.

[SgtSpike]

Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.

You guys realize that dollar debasement results in more dollars needed to price in equivalent value? So the dollar-based price would in fact rise. Part of that dynamic is happening in gold right now.

But if the dollar falls, and the price of BTC in dollars stays the same, then BTCs also were devalued.

[BusmasterDMA]

Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.

You guys realize that dollar debasement results in more dollars needed to price in equivalent value? So the dollar-based price would in fact rise. Part of that dynamic is happening in gold right now.

True, but we don't see it reflected in day-to-day BTC/USD prices as you do with Au/USD.  I think as more foreign currency Bitcoin exchanges open, we'll see the value of the BTC less-closely associated with the USD.

[AtlasONo]

hahaha rock steady my ass 

[smoothie]

what else is there to say?

Quite a lot, if you're implying that that bitcoin is currently enjoying a more stable valuation than USD.

The 10-day moving average (10MA) for bitcoin has fluctuated from 14.3USD to 12.8USD.  That's about an 11% fluctuation.

Compare that to something like the USD -> Euro exchange for the same period, 0.713 to .7028.  That's about a 0.9% fluctuation.

I'm not going to say it's bad or good, right or wrong, all I am saying is consider a 10-fold difference in pricing volatility.

Look at the long term value of the dollar. It has lost most of its purchasing power since inception. That's like comparing bitcoin to a pile of dog shit.

[evoorhees]

The dollar has lost over 96% of it's purchasing power in the hundred years since The Fed was created to "stabilize the value of the dollar." In the 150 years prior, the US Dollar actually slightly increased purchasing power. Fail.