The price of Bitcoin won't stabilise. The best you could hope for would be a similar volatility to a commodity like gold or silver. So products and services will never be priced in Bitcoin while there is a better alternative like the dollar which is relatively stable. “What will the Bitcoin close price be on 31st December 2017? This will be settled using the close price stated on coinmarketcap.com” Andrew1234 December 7, 2017 at 7:41 am How to Manage an Asset Price Mania (Like Bitcoin) Cullen Roche - 11/27/2017 11/28/2017. Bitcoin has gone stratospheric in recent weeks and it seems to be one of the only things anyone is talking about anymore. If you’re like most people you probably don’t know what Bitcoin is or if you do you don’t own any (or very much) in the first Bitcoin Chart. In a previous post I explained why I thought Bitcoin (BTC) violated the laws of physics and that it would crash. A few people told me that my view that BTC should be valued at less $100 was wildly bearish and crazy. Maybe that is true, but I stick to my $6-60 US target. A more reasonable target if BTC was a business would be “Bitcoin is capitalism, distilled. You should love it!” – Adam Ludwin. I’ve tried to remain pretty balanced in my view on Bitcoin and cryptocurrencies in general. Back in 2013 I said Bitcoin was definitely money and that the ideological hatred of it was irrational.
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