Post
Topic
Board Speculation
Re: Bitcoin price?
by
Bitcoinsummoner
on 16/10/2016, 17:28:36 UTC
there has been no change occurred again. price remains at around 640 USD. bitcoin prices tend to be stable and there is no fluctuation worrisome. bitcoin prices will continue to remain well above 650USD.
Its a good thing if the bitcoin market price remains stable because it will help more merchants to accept bitcoin which will increase the price.

The stability of Bitcoin price is actually a good thing but I see it as something that is of a short term and won't be at that price for long for it to be fully integrated for acceptance by merchants because for something to be accepted by merchants as currency then the stability should be guaranteed to have merited the infrastructures that will be put in place for such integration or else it will need re-updating regularly which will be cost consuming to the business
I think there is no stability for the price of bitcoin because bitcoin is unpredictable and the price is always changing day by day just like yesterday the price is 637 according to preev price and now the price is 640 according preev price.. so there is no stability for bitcoin its always depends in supply and demand..