[2018-10-22]Bitcoin Price Becoming Less Volatile than Amazon Stock: CBOE Analyst

[BitcoinArsenal]

The next time your nocoiner friends or relatives criticize your decision to allocate a (hopefully reasonable) percentage of your investments into bitcoin, you can tell them that you’ve chosen to put money the flagship cryptocurrency because you don’t have the stomach for more volatile asset classes — stocks, for instance.
Full article on CryptoCoinNews

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[gentlemand]

“Perhaps we are witnessing the maturation of a market. It’s far too early to declare this the ‘new normal’ but the persistent range over the last few weeks may be hinting at a structural shift. Time will tell,” he wrote.

What a joke. Proof that people being hit for quotes these days either haven't been here for more than a few weeks or have memory problems.

It's not mature. It's dead. When it stops being dead everyone's tits will fly off once more.

I'd be interested to see this period compared to the seemingly endless $250 phase in early 2015. It would be very sweet if there was a direct correlation but that feels too easy.

[1Referee]

I'd be interested to see this period compared to the seemingly endless $250 phase in early 2015. It would be very sweet if there was a direct correlation but that feels to easy.

It is very similar actually.

What's clearly visible in the charts is that the price was insanely stable after it hit the all time bottom in January of 2015. In case we're following the same path, it technically could mean that the bottom is in right now, and it very well may be. We don't have MtGox messing up the sentiment like it did back then, so we should be able to recover way quicker.

Considering that the very lows are hit mostly in Q1 of each freshly started year, I think that in case we haven't bottomed out yet, we're near the point of bottoming out for good in Q1 of next year.

[buwaytress]

Time will tell? Didn't realise CBOE had hired Sherlock. No one's tired yet of taking some current snapshot, stripping out all the context, and then picking a random orange to compare with an apple?

For sure Bitcoin is maturing, but I'm not sure price will follow that. Not when there's so much to be made and lost on price speculation.

Doge has been more stable than most crypto, trading for years in the same range vs Bitcoin. Maturity indeed. Should we start comparing pears as well?

[BitHodler]

Doge has been more stable than most crypto, trading for years in the same range vs Bitcoin. Maturity indeed. Should we start comparing pears as well?

Litecoin is the real stability monster in town.

Litecoin's current price is nearly the same as its ~$50 all time high back in 2013, which is mind blowing if you think about it. It might not have lost value directly, but the value loss of the USD makes it less worth than it was in 2013.

That's why people shouldn't put their money into coins not serving a direct purpose. Charlie Lee did well to get rid of his coins at peak levels. He's realistic enough to know that there is no real growth to realize anymore.

It will be interesting to see what Vitalik will be doing with his coins. It might very well be that he already started the dumping process, especially with how he seems to have lost the sharpness that made him Mr Ethereum.

[bittraffic]

If that is the case we may be able to see growth of price in the coming months. They say its going to be stable when it hit its bottom if its stable now then the bottoms must have been the $6k. It didn't dip back to $5k so this must be it. We are good to go. Its just that maybe we'll just see sideways until next year. Maybe next year is better.

[gentlemand]

Litecoin's current price is nearly the same as its ~$50 all time high back in 2013, which is mind blowing if you think about it. It might not have lost value directly, but the value loss of the USD makes it less worth than it was in 2013.

Cherry picking a little bit, though it's possible there are people who arrived then who are still here, but all the same that's a fucking dire stat however you want to look at it.

If you were all in LTC from then you would've subjected yourself to five years of intense boredom, agony, regret, ecstasy and arousal only to wind up slightly below where you'd started.

Of course you could flip it and have bought at $1 and sold at $300 whatever it was.

[BitHodler]

Cherry picking a little bit, though it's possible there are people who arrived then who are still here, but all the same that's a fucking dire stat however you want to look at it.

If you were all in LTC from then you would've subjected yourself to five years of intense boredom, agony, regret, ecstasy and arousal only to wind up slightly below where you'd started.

Of course you could flip it and have bought at $1 and sold at $300 whatever it was.

It might not look like it, but there are tons of people with faith and confidence in a certain coin, just like how Bitcoin maximalists blindly follow Bitcoin and call everything else shit and not worthy of being here.

The general mindset is that coins will keep increasing as long as Bitcoin does, and that may be so in the very short term, but not in the long term. It clearly points out that the market isn't as bad as we think it is.

Eventually the coins not adding anything of value to this market will implode, and I'm sure Litecoin is one of them. Once LN is doing what it should be doing, altcoins will suddenly lose most of their shine.

[NeuroticFish]

“Perhaps we are witnessing the maturation of a market. It’s far too early to declare this the ‘new normal’ but the persistent range over the last few weeks may be hinting at a structural shift. Time will tell,” he wrote.

I've read that the EU markets have a bad day. Let's see how "stable" and "mature" the crypto market is.
For now the drop is only some 0.3% but US is not fully awake yet.

I'd be interested to see this period compared to the seemingly endless $250 phase in early 2015. It would be very sweet if there was a direct correlation but that feels too easy.

I was not so aware of the market back then as now, but I feel it's soooo similar... I somehow have the feeling that the things/stages move faster nowadays than back then, but maybe it's only me.

[gentlemand]

I was not so aware of the market back then as now, but I feel it's soooo similar... I somehow have the feeling that the things/stages move faster nowadays than back then, but maybe it's only me.

The $160 price hit in early 2015 was a real 'oh shit' moment but things had been falling for so long that the tone was seriously muted which is probably the one time I've seen true capitulation. By that point no one cared all that much any more. We got the endless $250s after that.

I haven't seen anything approaching that boredom, indifference and misery this time around. Despite what some feel, it still seems vastly more buoyant. Of course there's not that much point in trying to make a direct comparison as other elements are very different but you'd think there might be similar themes.

[Thekool1s]

And shitty journalism continues... These websites really don't have content to write upon.  I Guess crypto has no future... :/

[LeGaulois]

Less volatile perhaps but it makes sense to consider the time period to get a real picture. Did Amazon increase by 20 within a year? I am not following Amazon shares but I don't think. "the maturation of a market" makes me laugh, since some months we didn't see much volatility and people start to talk how "stable" in the market.

[stomachgrowls]

And shitty journalism continues... These websites really don't have content to write upon.  I Guess crypto has no future... :/

Tired and sick to see these crappy news and reading up the headlines do already give me the impression.

[cryptofonia]

“Perhaps we are witnessing the maturation of a market. It’s far too early to declare this the ‘new normal’ but the persistent range over the last few weeks may be hinting at a structural shift. Time will tell,” he wrote.

What a joke. Proof that people being hit for quotes these days either haven't been here for more than a few weeks or have memory problems.

It's not mature. It's dead. When it stops being dead everyone's tits will fly off once more.

I'd be interested to see this period compared to the seemingly endless $250 phase in early 2015. It would be very sweet if there was a direct correlation but that feels too easy.

just compare average price of Bitcoin each year and you'll the permanent rise of Bitcoin price excepting 2015 year

[Harlot]

I don't know you can reason out that way. Stocks are still safer investment compared to cryptocurrencies, its more dangerous as what we are really doing is speculating rather than investing. Any stock's volatility can be seen from a mile away even if it happens as its movement will always be dependent on its company's performance which is evident on its fundamental data. Cryptocurrencies on the other hand is almost unpredictable and the only time we can act is when it is already happening which is most of the time too late for us.

[1Referee]

I don't know you can reason out that way. Stocks are still safer investment compared to cryptocurrencies, its more dangerous as what we are really doing is speculating rather than investing. Any stock's volatility can be seen from a mile away even if it happens as its movement will always be dependent on its company's performance which is evident on its fundamental data. Cryptocurrencies on the other hand is almost unpredictable and the only time we can act is when it is already happening which is most of the time too late for us.

It depends on how you look at it.

Stock indeed have revenue streams and the economy itself as a benchmark, but in terms of trading there isn't much of a difference. Stocks are boring investments, we can't ignore that; what most investors/traders do is work around the boring part, and they do that by leveraging their trades to whatever they think is a worthwhile multiplier.

What you basically get is that small movements suddenly become crazy large movements due to the leverage multiplier that you applied. The same applies to the forex market. People saying it's easy to apply TA and to profit there are nuts. It's a killer of a market where people lose their entire savings with a wrong call.

[NeuroticFish]

The $160 price hit in early 2015 was a real 'oh shit' moment but things had been falling for so long that the tone was seriously muted which is probably the one time I've seen true capitulation. By that point no one cared all that much any more. We got the endless $250s after that.

2015 was an "endless" 200$-250$. Quite a lot of home miners went out of business back then.
For me the "oh shit" moment was when it went to 300$ and higher, and stabilized at around 400-ish levels. I was buying back then. Nothing big, 20$ here, 20$ there.. but it was a "shit, I've missed the train", because I was thinking then that 400$ is too expensive to buy more and I also haven't completed my first Bitcoin.

I haven't seen anything approaching that boredom, indifference and misery this time around. Despite what some feel, it still seems vastly more buoyant. Of course there's not that much point in trying to make a direct comparison as other elements are very different but you'd think there might be similar themes.

It was more like a capitulation for some, not boredom. And it's difficult to compare, because 1200$ is not 20000$ and 250$ is not 6000$. At this level, there are still many people vastly on profit, even here on this forum.

[1BTC EQUALS 1CAR]

I won't be so sure. Bitcoin maybe looks less volatile to compared to any  other investments but this just happened this year. We need to consider that regulations and crackdowns are the reason it started to act like this in the first place. The whole game has changed but we'll see when institutional money comes in.

[roosbit]

And shitty journalism continues... These websites really don't have content to write upon.  I Guess crypto has no future... :/

I guess the picture sums up the current situation of cryptos,they are stagnant and not to be mistaken for a stable asset. And for the sake of prudence this is too soon to categorize bitcoin in this bracket