Its been $800 for a reeeeeallly long time.....

[favelle75]

Something's gotta give.  On its run up to $266 last year, what price was it stable at prior and for how long?

[billyjoeallen]

Something's gotta give.  On its run up to $266 last year, what price was it stable at prior and for how long?

What, you don't know how to read a graph? Are you retarded or something?

[TERA]

There was a long period of stability around 125 before it finally gave way and dropped to 66. Then there was some stability around 135 before but breaking out. But none of the above were as long as this 800 stability.

[coinpharmer]

There was a long period of stability around 125 before it finally gave way and dropped to 66. Then there was some stability around 135 before but breaking out. But none of the above were as long as this 800 stability.

personally, I like knowing the plane tickets I bought near christmas were valued at approx 800/coin. there is something nice about it still being the same now as it was then. I dont feel cheated for making that buy. for anyone who may want to know I booked with cheapair.com was easy and Im going to do it again most likely.

[EverettMarm]

In the past 10 days, the price has hit $740 and $825. You guys have a completely different definition of "stable" than I do.

[rjnius]

There was a long period of stability around 125 before it finally gave way and dropped to 66. Then there was some stability around 135 before but breaking out. But none of the above were as long as this 800 stability.

http://blockchain.info/ru/charts/market-price
look at this stability from 6 may to 7 oct.
its 5 months vs 1.5 months of ~800

[coinpharmer]

In the past 10 days, the price has hit $740 and $825. You guys have a completely different definition of "stable" than I do.

If you look at it as a % change thats very stable for bitcoin.

[cooldgamer]

Isn't stability what we want if we're looking for wide adoption?  Normal currencies don't fluctuate insane amounts in a day, and that's what is keeping a lot of people from buying in.  Maybe it will get some of the more hesitant people to buy in, which would raise the price

[bassclef]

We were at ~$150 for a reeeeally long time too. Months in fact. There was talk of stability, and finally miners could plan their ROI (or lack thereof). Well, we all know how that turned out

[glendall]

People are pretty funny when it comes to definitions.

Personally I don't think this third bubble was a bubble at all.  I think it was a rapid climb to a new normal. I think bitcoin had 2 bubbles and then a popularity boom. Primarily the third bubble not-bubble was just about Chinese getting into bitcoin in typical Chinese fashion: somewhat delayed, but with a massive push.

I also don't really see how people can describe the third bubble as a bubble when it the price 'crashed' to 300% its value in over a month.  Like if something goes from $200 to $1000 than comes down to $800 (in the span of a month) how is that a crash?  

I guess many of you are expecting any day now for the price to fall to $400?  I really don't think this will happen.  I think our new bottom-bottom is $550 and we are not going to see any coins for less than $650 going forward, besides just a few days of 2014.

[kireinaha]

Isn't stability what we want if we're looking for wide adoption?  Normal currencies don't fluctuate insane amounts in a day, and that's what is keeping a lot of people from buying in.  Maybe it will get some of the more hesitant people to buy in, which would raise the price

People buy bitcoin to profit on speculation, by and large. If it keeps sitting at $800 like it has been for the past few weeks, people will get bored with it and find something else to invest in. Given the low volume on this forum and on the exchanges, I guess this has already happened to a large degree. So I would argue that some volatility is good for bitcoin at this stage.

[mooncake]

Would it be possible there are forces manipulating BTC price? For some reason, they want the price to move between the range of 800-810?

[lyth0s]

Isn't stability what we want if we're looking for wide adoption?  Normal currencies don't fluctuate insane amounts in a day, and that's what is keeping a lot of people from buying in.  Maybe it will get some of the more hesitant people to buy in, which would raise the price

This is exactly my thought on the issue. Stability with a very gradual rise would be best in terms of the long term, rather than up and down rollercoster that is unpredictable.

[sir faps]

Would it be possible there are forces manipulating BTC price? For some reason, they want the price to move between the range of 800-810?

Yes, that is absolutely possible

[lyth0s]

Isn't stability what we want if we're looking for wide adoption?  Normal currencies don't fluctuate insane amounts in a day, and that's what is keeping a lot of people from buying in.  Maybe it will get some of the more hesitant people to buy in, which would raise the price

People buy bitcoin to profit on speculation, by and large. If it keeps sitting at $800 like it has been for the past few weeks, people will get bored with it and find something else to invest in. Given the low volume on this forum and on the exchanges, I guess this has already happened to a large degree. So I would argue that some volatility is good for bitcoin at this stage.

Low volume could just mean that people are holding in speculation of an increase soon. I've recently upp'd my bitcoin investment due to current stability and being able to pick up some bitcoin at a "cheap" price in my book. I see btc hitting $1000 again easily with any bad economic fiat news

[favelle75]

There was a long period of stability around 125 before it finally gave way and dropped to 66. Then there was some stability around 135 before but breaking out. But none of the above were as long as this 800 stability.

That's what I thought, thanks.

People are pretty funny when it comes to definitions.

Personally I don't think this third bubble was a bubble at all.  I think it was a rapid climb to a new normal. I think bitcoin had 2 bubbles and then a popularity boom. Primarily the third bubble not-bubble was just about Chinese getting into bitcoin in typical Chinese fashion: somewhat delayed, but with a massive push.

I also don't really see how people can describe the third bubble as a bubble when it the price 'crashed' to 300% its value in over a month.  Like if something goes from $200 to $1000 than comes down to $800 (in the span of a month) how is that a crash?  

I guess many of you are expecting any day now for the price to fall to $400?  I really don't think this will happen.  I think our new bottom-bottom is $550 and we are not going to see any coins for less than $650 going forward, besides just a few days of 2014.

This was my thinking as well.  We have seen bubbles....sure.  But this $800 price seems more like Bitcoin hitting the mainstream than anything. I don't think we ever "crashed" from the Chinese, and I don't think we will.

[Mythul]

The chinese are still on holiday until the end of the week. From what I've read their banks are closed. I'm hoping for a breakout next week, otherwise we will still be stuck in the 800 for a while.

[pungopete468]

Bitcoin always finds brief stability just before a major move...

It's like riding a roller coaster while blindfolded... You don't know whats next but you know the track won't stay straight forever.

[wobber]

Isn't stability what we want if we're looking for wide adoption?  Normal currencies don't fluctuate insane amounts in a day, and that's what is keeping a lot of people from buying in.  Maybe it will get some of the more hesitant people to buy in, which would raise the price

But now nobody will buy because bitcoin is known and wanted for it's insane daily fluctuations. It's like an easy woman that now won't accept one night stands for money anymore but wants a 'stable' relationship

[Miz4r]

Isn't stability what we want if we're looking for wide adoption?  Normal currencies don't fluctuate insane amounts in a day, and that's what is keeping a lot of people from buying in.  Maybe it will get some of the more hesitant people to buy in, which would raise the price

People buy bitcoin to profit on speculation, by and large. If it keeps sitting at $800 like it has been for the past few weeks, people will get bored with it and find something else to invest in. Given the low volume on this forum and on the exchanges, I guess this has already happened to a large degree. So I would argue that some volatility is good for bitcoin at this stage.

That's bullshit. You could also say that many of the speculators have already left in December, since the value right now is still 30% lower than it was at the top. Also historically it's just not true that after long periods of stability people somehow get bored and leave bitcoin. December 2012 for example was a very stable month at $13, or February-June 2012 at $5. Both saw amazing rallies after those periods of stability. The opposite actually hasn't happened that often, and when it did the stable period was a lot shorter. The period before we dropped to $65 in June/July 2013 for example was far from stable if you look at the charts there.