Post
Topic
Board Economics
Re: Stable Exchange Rate?
by
kiba
on 07/08/2010, 17:49:58 UTC
It looks as if the two main markets, bitcoinmarket and mtgox, are stabilizing around 5.5-6.5 USC/BTC.  The outliers and quartiles have been tightening for days now, and now the values are centering in that range.  Thoughts?  Could it be that we've established a market value?  That would be a major step toward currency confidence and widespread public use.

I think it means that the market is now maturing since we now have lot of bitcoin volumes to work with. However, a big bitcoin "killer business" will cause a sudden growth spurts, thus wide oscillation in the bitcoin economy. This just mean we have established ourselves a working economy. Now people will need to to work toward a killer business that will encourage major growth.