I wouldn't say that bitcoin is going to be this stable for too long. It is only stable now because we're seeing a phase of consolidation where the market tends to move sideways without much fluctuation due to the lack of interest that investors are showing at the moment.
You can see pretty much the same thing happen in 2014-2015 before bitcoin bottomed.
To me, there is no apparent advantages nor disadvantages that come with this period of stability because it is most likely going to temporary. I think that it is very likely we'll see some form of dip take prices down below the current support soon before the recovery comes. The only point I could think of is that it may be good for merchants who deal exclusively in bitcoin without converting into fiat, but even in that case, they would have been prepared to deal with volatility anyways.
Topic: [2018-11-06]Price Analysis: BTC is Getting Relatively Stable but Is that Good? (Read 133 times)
November 09, 2018, 06:15:55 PM
November 06, 2018, 09:58:22 AM
For those people who do complain about volatility will surely eat up their own words.We cant really deny that bitcoins price is really relatively stable as of this year if we do base or compare its movements
on last years. Volatility or less movement wont really make any profits for those who invested on a certain span of time. Without too much movement does signify that no one is acting towards it neither
buying or selling on both parties.For now it does just need some another spark up neither negative or positive for atleast to make such movement or dictate an another trend to come.
on last years. Volatility or less movement wont really make any profits for those who invested on a certain span of time. Without too much movement does signify that no one is acting towards it neither
buying or selling on both parties.For now it does just need some another spark up neither negative or positive for atleast to make such movement or dictate an another trend to come.
November 06, 2018, 08:38:26 AM
Compared to previously seen price swings, the current trend could be called relatively stable, with some experts expressing optimism about the future. However, some of the community players think the absence of significant price fluctuations is actually not that good for the market.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/btc-is-getting-relatively-stable/
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/btc-is-getting-relatively-stable/
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