Bitcoin is stabilizing?

[Wilhelm]

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.

[btcduke]

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]

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.

[CryptoCarmen]

Of course it does stabilize, but is far from the end of process.

[guidexy]

It's not stabilizing, just a period of stagnation before the bubble.

[PrestonTrader]

BTC USD is long term Downtrend.

Resistence is 552

[Chuckee]

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]

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

[GreatCoinBearer]

When it reaches $600 .. I might sell some...

[heartastack]

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]

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.

[medUSA]

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.

[heartastack]

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]

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]

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]

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]

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

[Razick]

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.

[Lionel]

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]

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.