Bitcoin’s Emerging Price Stability

[CryptoCurrencyInc.com]

Bitcoin’s Emerging Price Stability

Earlier in January Bitcoin, as it receded as recipient of an infinite press, began to see its trading range tighten after months of wild swings. I pointed this out as perhaps the start of new stability for Bitcoin, which in turn could help its platform mature, or indicate maturation thereof.

There was some squawking that the time frame I had selected as ‘enough’ to indicate a trend was too short. It was a reasonable complaint. Happily, Bitcoin has behaved and exonerated me by tacking on another tranche of time of generally stable prices.

http://techcrunch.com/2014/02/01/bitcoins-emerging-price-stability/

[Stinky_Pete]

Still too short a time. Go and read up on chaos theory.

[texaschainsaw54]

Still too short a time. Go and read up on chaos theory.

I would have to agree

[magiktree]

I consider the current situation to be a kind of hesitation.

[Z1#]

I agree it is hesitation. It is getting a lot more media coverage, but at the same time there are a lot of stories of Bitcoins stolen or mistakes made and no way to correct them. And if the market is flat or drifts lower the traders will leave and the prices will come down to a much lower rate. But if the problems can be solved I think it is going up. I don't think this is the leveling out price.

[L1LK1LLERZ]

Hopefully it never dies..

[MrCaboose11]

Hopefully it never dies..

It never will. The theory and benefits behind BTC are endless.  If btc dies, BTC2.0 will arise from the ashes and take its place.

[bitbitz]

hmmm, bitcoin will always be volatile

[MegaHustlr]

oooooh, this would be cool IF bitcoin stabilised @ 800

[OpenPay]

It'll hit 10k before the year is out and stabilize around $7k for the year before pushing even higher in 2015.
I say this because several banks will be using it as a settlement method outside swift.  That's the logical place for BTC, a neutral currency used mostly by exchanges and banks to settle transactions in fiat.  The only reason it's not used (by many) right now is purely one of liquidity.  There simply isn't enough BTC to go around.  Minimum fees being charged by miners prevent the push to m or uBTC that others have suggested as being the most probable answer to the liquidity problem.

Nevertheless BTC will eventually peak where I say as the big boys come on board and move massive amounts using their own mining equipment to find the blocks.  Mark my words, I'm rarely ever right about these things.  (I sold all my BTC back when it was < $10)

[guybrushthreepwood]

It'll hit 10k before the year is out and stabilize around $7k for the year before pushing even higher in 2015.
I say this because several banks will be using it as a settlement method outside swift.  That's the logical place for BTC, a neutral currency used mostly by exchanges and banks to settle transactions in fiat.  The only reason it's not used (by many) right now is purely one of liquidity.  There simply isn't enough BTC to go around.  Minimum fees being charged by miners prevent the push to m or uBTC that others have suggested as being the most probable answer to the liquidity problem.

This seems to be quite the speculation there. What makes you sure of these figures?

[OpenPay]

It's complete and utter speculation and wishful thinking. 
Read the post more carefully. 

If BTC actually hits that price level I'll be rich and 2-5 year old harddrives are going to spike in price as people work to recover lost wallets. 

Would be nice though, wouldn't it?

Oh also take a look at the historical end of day data, inception of the coin through to today.  You'll see a few spikes that are identical in their shape, but an order of magnitude from the previous one.  Each one resulted in a new trading range about 10x higher than the previous one.  Each one is an order of magnitude higher and corresponds within a month or two of BTC minimum fees being lowered by a decimal point in the main client.

Enjoy!

[cardcomm]

Bitcoin’s Emerging Price Stability

Earlier in January Bitcoin, as it receded as recipient of an infinite press, began to see its trading range tighten after months of wild swings. I pointed this out as perhaps the start of new stability for Bitcoin, which in turn could help its platform mature, or indicate maturation thereof.

There was some squawking that the time frame I had selected as ‘enough’ to indicate a trend was too short. It was a reasonable complaint. Happily, Bitcoin has behaved and exonerated me by tacking on another tranche of time of generally stable prices.

http://techcrunch.com/2014/02/01/bitcoins-emerging-price-stability/

I've only been watching BTC for about a year and 1/2. During that time we have had longer periods of stability than we are currently experiencing. I highly doubt that BTC has "stabilized" at ~800.00 although that would be great.

More volatility is almost certainly on the horizon.

[moriartypants]

I do think a steady uptrend is likey,

If more bad news were to show up in the next month or two concerning bitcoin (a major hack or such) the price will plunge again.