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Author Topic: 2014-01-19 Techcrunch - Bitcoin’s Recent Price Stability Could Point To Growing  (Read 711 times)
_wayfarer_ (OP)
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January 20, 2014, 02:12:08 PM
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Full title (wouldn't fit in subject): Bitcoin’s Recent Price Stability Could Point To Growing Maturity

http://techcrunch.com/2014/01/19/bitcoins-recent-price-stability-could-point-to-growing-maturity/
I follow Techcrunch frequently, it's nice to see them do a piece about recent stability, which other news publications either haven't noticed or have chosen to ignore.  Sure, it's only a two-week run more-or-less, but I find this opinion to be relevant and interesting.

Try my free BTC price alerts | In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497 - Warren Buffet
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January 20, 2014, 04:28:30 PM
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One clue I had to the growing market depth was the recent decline from Gold Parity. It simply didn't fall off the exponential curve like it had before. By all rights, compared to the 266 run-up prior, it should've declined to at least ~200's (Bitstamp prices). The fact that it bottomed out a about ~200 bucks above that speaks to the depth needed to prevent that from happening.

It seems we're getting the benefits of continued expansion and adoption, which increases the amplitude of price - but not with the attendant retraces that we had in the past. I look forward to the threads when we've finally reached a pricing plateau of how "boring" it is to trade Bitcoin. Then I know we've arrived. Especially if people are trying to play 2 - 5 dollar swings instead of 50 - 100 bucks.

Just my trading perspective, having actively been involved since early 2011.

fortitudinem multis - catenum regit omnia
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