Quote from: gabmen on November 20, 2018, 02:02:13 PM

Quote from: Kiweikoo on November 20, 2018, 05:31:49 AM

Quote from: Spaffin on November 16, 2018, 05:48:20 AM

Quote from: MadGamer on October 31, 2018, 06:36:44 AM

I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.

From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?

We have once again been able to once again make sure that there is no price stability of Bitcoin. There can only be a temporary balance between supply and demand, caused by a lull in the market, which is perceived by the market as price stabilization. However, it is rather an exception to the general rules. On Wednesday, November 14, the cryptocurrency dropped sharply in its price, and this showed that nothing had changed. It has remained with the same high degree of volatility as it was before.

You are even taking things a whole lot too far, as what you saw recently was just the market trying to find a direction and consolidating before that direction, that is not something I classify as permanent stability and it was just for the mean time obviously, as everyone who is conversant with the market will obviously know that already.

However, in the long run, there is no market that can be completely stable when tagged with another currency, and I do not see bitcoin getting stable at all, the only difference we might get to see when there is a huge real life usage is less volatility, and that is about the highest we are ever going to be getting.

Yeah even the current fiat system can't be labeled as stable with currencies changing values every now and then. Crypto's volatility is just a couple of notches higher since it's just at an early stage. And that's also why it can't be seen right now at the same line as fiat when it comes to transactional use.

Price stability can possible to happen but it not take longer because price suddenly change all the time. And the reason why the price change immediately is because the rising demand and at the same time the people who give up to it. But in the end it will become more valuable because everytime many people are getting interested to crypto so the price is also change.