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Author Topic: when will btc stabilize?  (Read 1972 times)
coindice
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December 09, 2013, 09:45:42 PM
 #41

The demand is there. The news out of China made the price drop significantly, but still much higher than it has been the majority of this year. And now on Monday, it has recovered quite a bit.
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wman
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December 09, 2013, 09:56:40 PM
 #42

It won't stabilize until the demand stabilizes, and even then, somebody who has a massive amount of BTC could dump it and cause a massive influx of supply that would cause the price to fall. The price of BTC won't fully stabilize until it is accepted as a mainstream currency and it is more evenly distributed.
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December 09, 2013, 10:06:08 PM
 #43

who knows?

Hard to predict. The price of bitcoin is what in finance called "wisdom of the crowd", bitcoin does not have a negative correlate asset, futures contracts, hedging, etc and all others financials instruments made to stabilize the prices against variation.  I think maybe is correlate to the difficulty to mine 1 bitcoin and how much fiat you going to spend on it. Hope it going to change and we will see all those cool stuff like high frequency trading, etc...

I really like this video from bitcoin 2013 conference.

Bitcoin 2013 conference - Noah Silverman - Statistical Analysis of Price Swings and Market Pricing

http://www.youtube.com/watch?v=3l03tgnC59I

--All the best

http://www.introversion.co.uk/
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miners78
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December 09, 2013, 10:23:40 PM
 #44

Personally I don't think they will ever stabilize like physical currencies until (if) they become as widely used.
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December 11, 2013, 08:43:57 PM
 #45

I can't call when it will stabilize but I think this is a good time to buy a small amount and accumulate some more over time.  Based on the uncertainty of where the price is going.

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December 11, 2013, 08:53:53 PM
 #46

Personally I don't think they will ever stabilize like physical currencies until (if) they become as widely used.

The point is physical currencies are not stable against another one, this is why Bitcoin cannot be stable as well
giletto
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December 12, 2013, 06:26:06 AM
 #47

Personally I don't think they will ever stabilize like physical currencies until (if) they become as widely used.

The point is physical currencies are not stable against another one, this is why Bitcoin cannot be stable as well
The point is, that physical currency fluctuations are in tenth of a per cent range daily, and not like Bitcoin everyday fluctuations from 10-25%. So if you compare, then i would say that physical currency are almost stable against another one.

On Forex, with a trading volume of 200-300k USD in your hand you can make a bunch of 1k bucks per day, with luck. If you take the same amount $$ and trade on BTC, you can make easily 20000-30000USD per day (or lose of course). And the demand is not even tenth of a per cent daily.

In BTC you would affect the market price if you trade with 200-300k bucks daily...


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December 12, 2013, 06:48:36 AM
 #48

No It will not stabilize this year.

After holidays, it will go high volatality than it is now.
Essex343
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December 12, 2013, 08:18:49 AM
 #49

i dont think it will stablize for a very long time

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