Quote from: cshelswell on March 19, 2015, 07:40:07 PM

Quote from: deisik on March 19, 2015, 05:58:28 PM

Quote from: pedrog on March 19, 2015, 04:57:20 PM

Quote from: Orangina on March 19, 2015, 04:51:45 PM

So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable

Look at the history of the oil market, oil price was quite volatile at the beginning of the last century, with its market growth and increasing adoption, eventually the price became more stable.

I think we can establish a parallel between bitcon's current market and the first decades of the oil market.

A really strange comparison you have just made. Have you looked at the recent oil prices and their fluctuations? In fact, oil price had been quite stable at the beginning of the last century. For that matter, I would rather say that the bitcon market volatility mirrors that of oil prices...

Yeah if you look at oil overall it's just been steadily increasing. The fluctuations in the early years are relatively small too. There's certainly not the jumps from $100 th $1000 and back down again

We should look at inflation-adjusted oil prices if we want to see the real picture. Furthermore, in 2008 the Crude Brent oil price fell form as high as 140$ per barrel to as low as 30$, which corresponds tightly to the meltdown of bitcoin from over 1100$ to 200$ per coin...