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Author Topic: Why has Bitcoin been so stable in the last few weeks?  (Read 1940 times)
nwfella
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March 20, 2014, 12:18:55 AM
 #21

Thought I would go ahead and chime in here.  The exit of Gox in such a spectacularly bad way is going to have a far greater negative impact I believe than most people initially anticipated. 

Always seems like because of one greedy boob or another BTC constantly has to fight off a seriously bad wrap.  But thus far it's always managed to do so and come back stronger than ever!!

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glendall
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March 20, 2014, 02:14:04 AM
 #22

Stability is a good thing, it helps bitcoin as a currency protocol.

No more Gox helps.

The larger and more popular bitcoin gets also means the less likely big price swings will happen just due to the size of the market cap.
tonto
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March 20, 2014, 04:18:13 PM
 #23

I think the fact that btc value didn't crash worse with the MtGox incident speaks volumes for btc right now.
 
btc is entering the toddler phase.  There's been a couple big tantrums, but btc is realizing that the world does love it, and is starting to play a little nicer with others.
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March 20, 2014, 04:23:34 PM
 #24

Bitcoin is for speculators and quick money.  Stability is the enemy.

I'll get right on making an altcoin called VolatileCoin(tm). It will be the traders choice with max volatility.


I think one of the features of VolatileCoin should be random block rewards, at 6 hour intervals (average). 5-20,000 coins per block. That'll shake things up!
eiskalt
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March 20, 2014, 06:34:03 PM
 #25

Still bearish on bitcoin.

Would wait for 530$ and see what happens there. A breakout to 650 would turn me into a bull.
Can´t see this will happen any time soon.

Compare behaviour of 1d EMAs 7/30 with post bubble behaviour after the previous (266$) ATH.

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