Bitcoin price flat, faces pull from opposite directions amid Satoshi and PayPal surprises

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term prices are flat again today. The question is if (a) they're flat for the typical reasons: that they have no reason to move, or if (b) they are being yanked in opposite directions by what could be major developments with the Satsohi hacking and PayPal.

Depending on their outcomes, both can rank up there among the most earth-shaking stories in recent Bitcoin memory.

One can't help but worry about some serious fallout from the Satoshi case. Yes, the network is distributed, decentralized, etc. But conceptually, what happens to the price if all of Satoshi's one million coins were to be cleaned out and liquidated? Or if the community, disillusioned by their idol's broken anonymity, gradually becomes disinterested. It just seems a lot can go wrong, though the likelihood is low.

Then we have what was once considered Bitcoin's arch nemesis, PayPal, potentially embracing the cryptocurrency. One would expect huge gains, driven by speculation of a new future for Bitcoin in the mainstream. Yet, Bitcoin prices have barely budged even as several large companies began accepting it in recent months. Also, even if accepted by PayPal, it by no means entails major changes to PayPal's existing business.

The short answer: probably (a). Volumes are low and if such forces were in play, huge price swings and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term should be prevalent. But things may change quickly, as we've seen following previous bouts of flat trade.

Bitcoin is currently trading at $467 on BTC-e and Bitstamp.