Bitcoin is stabilizing?

[nelruk]

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?

[1713578169]

1713578169

[zymafluo]

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.

[Ibian]

Stability will not happen south of 100k. That should really be stickied somewhere...

[yokosan]

Stability will not happen south of 100k. That should really be stickied somewhere...

It's not going to stabalize until we have been over 100k several times... many old timers will sell at those prices. I mean if you have 1,000 BTC (not that difficult to buy, even at these prices) you may as well sell 1 per month for 100k/month income... although at that point the "selling" will be by the merchants as the bitcoin holders will be spending on boats and mansions directly.

[Chuckee]

Don't listen to the morans above. The price is not "stable" if it continues to fall month after month. People claiming that it will reach $100,000 a coin are part of the "get rich quick" cult and have foolishly invested all their assets into this... they want you to join them because, you know, misery loves company.

Anytime a group of people rally around a commodity and tell you "pie in the sky" stories of riches, you should be extremely skeptical. There is no further innovation for bitcoin, just morans telling each other that they're going to be rich for their digital tokens, of which ~3,600 new ones are produced EVERY.DAY.

[Buo]

Maybe you don't know what stability really is, bitcoin is anything but stable at the moment

[piramida]

Maybe you don't know what stability really is

ok tell me what stability really is and what you consider stable

[oceans]

It could do but at the same time it could go either way so I would not get my hopes up about it being stable for the rest of the year. Hopefully it will but I don't see it being a definite at the moment.

[andy35]

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?

It's weird how the price crashed down to 465 right after you posted this.

[panju1]

Maybe you don't know what stability really is, bitcoin is anything but stable at the moment

It is relatively stable considering the past volatility.

[BrunesBTC45]

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?

What are the factors of this crash if I may ask?

[minerpumpkin]

No. We're not stabilizing. It's merely a time uncertainty amongst investors. The old clash between potential gains, cutting losses, and reasonable hedging. Just the way markets work all the time.

[hayabusa911]

SR2,Agora or some other black market will be "hacked" or busted soon and then another fake crash will begin.

[SirChiko]

SR2,Agora or some other black market will be "hacked" or busted soon and then another fake crash will begin.

Why should they be busted soon, it seems that it was DPR's taking security too low weight chat caused him to get busted.

[exocytosis]

Stable? Really?

To any sane observer, Bitcoin is constantly falling. It's ten months since the ATH, and we're practically at a third of that price now. The unsustainability of this ponzi scheme is becoming apparent to even the most adamant cultists, so they're desperate to lure in newbies, telling them fanciful stories about how "cheap" a $100k coin is. Yet they themselves refuse to buy coins priced at $470!

Anyone currently on the sidelines, should stay away from this pyramid scheme. Any holders should sell before we crash down to 300 and below.

[Chuckee]

Stable? Really?

To any sane observer, Bitcoin is constantly falling. It's ten months since the ATH, and we're practically at a third of that price now. The unsustainability of this ponzi scheme is becoming apparent to even the most adamant cultists, so they're desperate to lure in newbies, telling them fanciful stories about how "cheap" a $100k coin is. Yet they themselves refuse to buy coins priced at $470!

Anyone currently on the sidelines, should stay away from this pyramid scheme. Any holders should sell before we crash down to 300 and below.

this is correct

[Brewins]

No.

Less than two days after your post, we going to sub 460's and back to 475. And I see more moves soon

[SirChiko]

No.

Less than two days after your post, we going to sub 460's and back to 475. And I see more moves soon

It's still stablilization around 470-480 no?

[institutionaltrader]

No, I don't think so. Look at the volatility and daily range it is crazy. This is worse than a pennystock pump and dump.

[crocko]

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