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Bitcoin Forum > Economy > Economics > Speculation > Why is the price so stable?
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Question: In the possible reasons listed, which do you think is true?
Bitcoin is actually used in daily transactions, pinned to real-world commodities, therefore more or less anchored already. - 12 (8.8%)
The interest rate system introduced by Bitcoinica provides a negative feedback loop. - 8 (5.9%)
Early adoptors and hoarders are manipulating the price to maintain a stablility illusion. - 20 (14.7%)
People are becoming less fanatic towards both rallies and dips. - 25 (18.4%)
It just happens, as a coincidence lasting for months, no more. - 8 (5.9%)
Several reasons here are true. - 32 (23.5%)
None of the reasons here is true. - 7 (5.1%)
There are more speculators. Their bets neutralize each other. - 24 (17.6%)
Total Voters: 135

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Author Topic: Why is the price so stable?  (Read 4073 times)
eleuthria
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May 02, 2012, 09:42:30 PM
 #41
Quote from: jcpham on May 02, 2012, 08:22:15 PM
I mine. My electricity cost .07/kWh for the first 250 kilowatt hours. After that it's .02/kWh for the rest of the month.

I haven't sold the first coin I've mined in months. Discuss. How might my actions effect the discussion of this thread?

Please tell me you meant it goes to .20/kWh.  I've never heard of anywhere in the US where electricity gets CHEAPER after the baseline right.
RIP BTC Guild, April 2011 - June 2015
mb300sd
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May 02, 2012, 10:02:22 PM
 #42
Gotta love the Southeast! Where the football dominates and the cheap electricity gets cheaper when you use more...in the winter at least.

http://www.alabamapower.com/pricing/standard-rate-family-dwelling.asp
http://www.georgiapower.com/pricing/residential/pricing/standard-service-plan.asp
http://www.mississippipower.com/pricing/pdf/R-52.pdf
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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