[2014-05-01] CryptoCoin: BTC Price: Stability in Bitcoin Exchange Rate at last

[bryant.coleman]

http://www.cryptocoinsnews.com/news/bitcoin-price-stability-bitcoin-exchange-rate-last/2014/05/01

Bitcoin has been dancing around the $450 mark for the past month or so. Markets are asking questions about where the value is going as well as asking why the price is showing such a level of stability. Bitcoin is a volatile currency and evidence of growing stability has to be viewed positively, especially in light of the hardening of stance this week from the PBOC.

[1675269864]

1675269864

[hilariousandco]

Stability? Not really. It lost over £30 the past few days. I guess it depends on people's definition of 'stable'.

[bryant.coleman]

Stability? Not really. It lost over £30 the past few days. I guess it depends on people's definition of 'stable'.

The author probably meant that there has been no sharp dips (just like the $450 to $340 dip which happened a few weeks ago) during this week. A $30 range is pretty stable, as far as Bitcoin is concerned.  

[hilariousandco]

Yeah, and spikes. I guess it's been relatively 'stable', but I'm sure that could change at any point soon  .

[lanboor]

Over the long term like 5 years more evidence of growing stability.