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Author Topic: Bitcoin is stabilizing?  (Read 4001 times)
Wilhelm
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September 10, 2014, 09:32:40 AM
 #21

With all the good news from the business area I am wondering why the value of the Bitcoin is not increasing..

Give it time. People need to find out and try out bitcoin before they start using it.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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September 10, 2014, 02:11:16 PM
 #22

With all the good news from the business area I am wondering why the value of the Bitcoin is not increasing..
News is not enough. We need a lot of buyers.

Bobblehead Pete
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September 10, 2014, 02:34:25 PM
 #23

After the last flash crash, the price fall 19% in a month. Now, for some reason the price is stabilizing at 475-480 USD.

Would you tell this is the price we're going to keep the rest of 2014 or there will be some changes?

I believe that it is stabilizing. I was bit shocked when the price index dropped severely twice last month. Currently its gaining steam again.
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September 10, 2014, 05:44:47 PM
 #24

Of course it does stabilize, but is far from the end of process.
guidexy
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September 10, 2014, 06:21:34 PM
 #25

It's not stabilizing, just a period of stagnation before the bubble.
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September 10, 2014, 06:36:54 PM
 #26

BTC USD is long term Downtrend.

Resistence is 552
Chuckee
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September 10, 2014, 07:42:03 PM
 #27

With all the good news from the business area I am wondering why the value of the Bitcoin is not increasing..

Give it time. People need to find out and try out bitcoin before they start using it.

Drop your false hope! Look at these forums.. there are no new users interested in bitcoin! Only speculators here. Only speculators out there. Nobody using bitcoin for commerce! Bitcoin is going nowhere but down!
giveBTCpls
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September 10, 2014, 09:29:41 PM
 #28

We haven't even reached 1% of mainstream adoption, the insane rise to 100K will not be very stable.

GreatCoinBearer
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September 11, 2014, 07:27:05 AM
 #29

When it reaches $600 .. I might sell some...
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September 11, 2014, 08:12:01 AM
 #30

The thing is right now with Europe quantitative easing is making the USD strengthen. This has kept a lid on the gold price and commodities in general.
Wait until the cracks show again in the USD and gold starts back on the march. You will see an uber-explosion in BTC price as a proxy, I promise you.

But will this take a long time ? Perhaps.. Perhaps BTC will fall to $100 by then. But maybe it kicks off tmw.. Hmm
Wilhelm
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September 11, 2014, 10:47:00 AM
 #31

The thing is right now with Europe quantitative easing is making the USD strengthen. This has kept a lid on the gold price and commodities in general.
Wait until the cracks show again in the USD and gold starts back on the march. You will see an uber-explosion in BTC price as a proxy, I promise you.

But will this take a long time ? Perhaps.. Perhaps BTC will fall to $100 by then. But maybe it kicks off tmw.. Hmm

Have you got source for the QE story? As far as I know they are only trying to avoid it.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
medUSA
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September 11, 2014, 11:15:21 AM
 #32

I consider bitcoin prices as quite "stable" now. It is on it's way down at the moment, but it is still stable compared to volatility last year.
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September 12, 2014, 09:13:01 AM
 #33

The thing is right now with Europe quantitative easing is making the USD strengthen. This has kept a lid on the gold price and commodities in general.
Wait until the cracks show again in the USD and gold starts back on the march. You will see an uber-explosion in BTC price as a proxy, I promise you.

But will this take a long time ? Perhaps.. Perhaps BTC will fall to $100 by then. But maybe it kicks off tmw.. Hmm

Have you got source for the QE story? As far as I know they are only trying to avoid it.

http://youtu.be/dMV7RrIMbPs

Not that I rely on kitco for my news but it's where I can link you right now
Lionel
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September 12, 2014, 09:38:35 AM
 #34

With the receny Paypal news the price should rise in few days but I don't know if there will be a new bubble soon.

paypal announced they will support bitcoins, so WHY is BTC still going down??

big news like that used to raise price, why it hasnt happened now?
institutionaltrader
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September 12, 2014, 01:12:26 PM
 #35

Because it is already priced in the market due to insider trading.

Also the price will go down a lot instead due to paypal users selling BC.
InwardContour
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September 12, 2014, 03:04:00 PM
 #36

Looking closely at the charts of the last years, I don't think that bitcoin has a stable value or that it is stabilizing.

minerpumpkin
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September 12, 2014, 05:11:01 PM
 #37

With the receny Paypal news the price should rise in few days but I don't know if there will be a new bubble soon.

paypal announced they will support bitcoins, so WHY is BTC still going down??

big news like that used to raise price, why it hasnt happened now?

I think we need to find the long-term support now. We might be still above that, so good news are only making the bad situation better, but aren't taking us to new heights. We need some time of recovery before we can start a healthy increase again. This may take some time, I believe it may be 6-12 months even. We'll see. Then again, Bitcoin tends to surprise us Smiley

I should have gotten into Bitcoin back in 1992...
Razick
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September 12, 2014, 07:36:11 PM
 #38

After the last flash crash, the price fall 19% in a month. Now, for some reason the price is stabilizing at 475-480 USD.

Would you tell this is the price we're going to keep the rest of 2014 or there will be some changes?

I wouldn't be surprised to see another flash crash, but I think we are poised for the beginning of a steady price recovery over the next few months. There's a lot of evidence for this if you think about why the price has been falling, and consider all the recent news. Studying the charts from last summer made me very optimistic. Seriously, try it.

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Lionel
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September 12, 2014, 08:23:24 PM
 #39

Because it is already priced in the market due to insider trading.

Also the price will go down a lot instead due to paypal users selling BC.

Who said paypal will let sell btc and not only buy them?

For example Payza already supports btc but only for withdrawing to btc, so you can only buy them not sell and the price is higher than in exchanges

I'm sure it will not be useful for trading but it would be still another service which supports the currency and should make it more valuable
FUR11
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September 12, 2014, 09:19:05 PM
 #40

We're only stable because people are afraid to fall even deeper. I'm afraid that this hasn't been the real bottom, as well. Bitcoin seems trapped in a strange oscillation of price these days. There's some movement, but it doesn't break out of any channel so far.

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