Post
Topic
Board Bitcoin Discussion
Re: USD down again. BTC rock steady.
by
cypherdoc
on 21/07/2011, 18:02:44 UTC
what else is there to say?

Quite a lot, if you're implying that that bitcoin is currently enjoying a more stable valuation than USD.

The 10-day moving average (10MA) for bitcoin has fluctuated from 14.3USD to 12.8USD.  That's about an 11% fluctuation.

Compare that to something like the USD -> Euro exchange for the same period, 0.713 to .7028.  That's about a 0.9% fluctuation.

I'm not going to say it's bad or good, right or wrong, all I am saying is consider a 10-fold difference in pricing volatility.

Thank you for injecting more reality into this thread.  "BTC rock steady", seriously?

sure i'm serious.  compared to the previous 6 mo yes. 

i think this should give merchants alot more confidence in accepting btc for payment.