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Topic: Bitcoin hitting its steady price? (Read 835 times)

legendary
Activity: 2884
Merit: 1117
March 09, 2020, 10:37:26 AM
#70
Yeah, bitcoin has been seeing this "just under 10k" levels as steady for a long time. Even waaay back in 2018 when the price dropped from 20k to 3k there was a moment when it reached 8k levels and stayed around 7-9k for longer, I mean it still went down to 3k but it stood around those price longer than any other price if you check the prices.

I still do not think that bitcoin has a steady price but if there is any I can see this prices to be really steady price honestly. Think about in 2019 as well how many times price went above 10k but dropped under it multiple times as well, it happened many many times and it moved around 8k-9k prices almost half of the year. If I wasn't trusting bitcoin to be going really high in the future, I would say this could be the forever price if there was any.
sr. member
Activity: 854
Merit: 267
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March 08, 2020, 10:14:37 AM
#69
is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

That wouldn't be certain by now because there's no fixed value for bitcoin due to volatile market behavior which every can't determine. The safest way to consider for the main time is that, we should focus on holding and accumulating our asset while we're still having unpredictable trend which suddenly surprise us every minute. Just like with the latest crash, no one has been expecting that to occur this month due to lots of positive expectations.

Bitcoin price can change almost every day and for as much as we all want the price to be steady it won't happen. Bitcoin wouldn't be this value if it weren't for its volatility that attracts investors and being unpredictable is already part of bitcoin nature so we can't really say bitcoin is having a steady price or price cap. With the upcoming halving we may see ups and downs I just hope it will go back again to $10k.

Exactly, it is impossible for Bitcoin to have a stable price because it is the nature of Cryptocurrencies specifically the Bitcoin to be volatile. We might see some cases that it doesn't make any movement but this is just for a while and will not last long. Besides, I don't like for Bitcoin or should I say nobody wants for Crypto to have a steady price because this gives profit, this attracts more investors, this is what makes unique to all kind of currency.
full member
Activity: 1316
Merit: 126
March 08, 2020, 09:44:03 AM
#68
is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?
I think no 10k$ is not yet the price that we wait we that price is starting bitcoin will gonna rise. But the problem is we don't know when the bitcoin gonna hit the highest price. So the 10k$ is not yet the price just wait be patience so that we can get more profit.

I think $10k isn’t that far however, the performance of the price now isn’t looking good and though $10k is near but it seems that the price is having a hard time recovering and going to that mark. Bitcoin is never steady, we don’t know what will happen next so we just have to be prepared.
legendary
Activity: 3248
Merit: 1179
March 08, 2020, 01:50:51 AM
#67
From time to time we see bitcoin price steady at some price for some short period, for me that is a signal that something big will happen, the calm before the storm. This time it was the same, after couple days at 10k we have a drop under 9k, and I believe the price will sink more, at least I have buy orders at lower prices.
Bitcoin can have a steady price, but only for a day or two, after that it will start moving in some direction. It's because we trade all the time, and we take a break for a moment or two, but that's all. After break, we all continue to trade, it's never ending game, with so many buy and sell orders that are lower or higher from the current price you can't expect price to be steady for a long time.
sr. member
Activity: 2828
Merit: 344
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March 07, 2020, 11:13:40 PM
#66
I don't stop at that price on the optimum range, because bitcoin has a huge potential that it could increase more than $10k. There's no steady price or even a stable value, and volatility always do random fluctuations in order for the price to increase. Demand is the main reason that could help each price to grow further, and as people kept holding their btc I believed new adoption will arise.
It can be more or it can be not. That is the possible future that Bitcoin price may have.
Yeh, we are into the look and positive that this year is a bullish one but something we can't be denied that volatility still remains and we definitely not sure what is coming and even this halving effect.

Looking at how the trend goes on, it is totally ups and down. But the good thing that we are able to see now is being more on the ups compared to dumps which encourage us to be more positive and stay trusting crypto.
hero member
Activity: 1498
Merit: 586
March 07, 2020, 05:51:54 PM
#65
I don't stop at that price on the optimum range, because bitcoin has a huge potential that it could increase more than $10k. There's no steady price or even a stable value, and volatility always do random fluctuations in order for the price to increase. Demand is the main reason that could help each price to grow further, and as people kept holding their btc I believed new adoption will arise.
full member
Activity: 1316
Merit: 108
March 07, 2020, 12:42:41 PM
#64
Steady price is something which we cannot imagine for the bitcoin markets right away because we are still in early phase of bitcoin revolution. Steady price for the bitcoin markets will be possible when there will be at least 33% of world population adopted bitcoins. Bitcoin is trying to break its strongest resistance levels around $10,500 and for making it broken, it is gaining power by having a short term pullback toward $8200 levels. When market is fluctuating within these price levels, it may seem like it has achieved some steady prices.

Overall bitcoin market is into the early stage of bullish mode. When trend is about bullish mode, how we can expect about steady prices.
At least in the last month, Bitcoin has been stably kept at the same level, experiencing small corrections in its price.  I also believe that on the eve of the new halving, bitcoin is at the very beginning of the bull run. And I really hope that by the end of this year we will see new results of the cryptocurrency market.
full member
Activity: 868
Merit: 116
March 03, 2020, 01:42:48 PM
#63
To be honest, I felt happy when Bitcoin has reached 10k lately, the value of that price is really important and a good station for the progressive of Bitcoin forward. In fact,  obviously there is not a big difference between $ 10K and $9K, it is just $1k , so Bitcoin's price can easily rise to $10K in the near future  despite the   continuation of the dip in this current period. And to be honest, we have no idea when will this current crisis end and price return to the rise.
sr. member
Activity: 2030
Merit: 323
March 03, 2020, 11:30:35 AM
#62
Steady price is something which we cannot imagine for the bitcoin markets right away because we are still in early phase of bitcoin revolution. Steady price for the bitcoin markets will be possible when there will be at least 33% of world population adopted bitcoins. Bitcoin is trying to break its strongest resistance levels around $10,500 and for making it broken, it is gaining power by having a short term pullback toward $8200 levels. When market is fluctuating within these price levels, it may seem like it has achieved some steady prices.

Overall bitcoin market is into the early stage of bullish mode. When trend is about bullish mode, how we can expect about steady prices.
hero member
Activity: 2856
Merit: 674
March 03, 2020, 10:30:40 AM
#61
is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?
I am not sure it will hit, but its' been like the average price it could achieved for a year.
This is solely my own observation only, I am not using any graph or checking its price history but bitcoin is quite stable at $10,000.

Look at the price this year, we've reached $10400 before the price dump but slowly the price has been rising, so I would not be surprise to see it at $10K again, and I think buying below $10,000 is quite a good entry for short term.
member
Activity: 560
Merit: 13
March 03, 2020, 10:06:29 AM
#60
I think we would see more drop before it even bounce back again.
I also wish that it would be steady at 5 digit zone but I guess we are still too early for it.
We are expecting too much from halving I guess we should just wait for the outcome instead of having a high expectation that could lead to great disappointment.

I am pretty sure this halving could be a positive one in my personal opinion because we didn't saw any specific change in the market from the past two years, also if we have a look at the past two halvings I feel BTC might go up like it did previously. Well let's not hurry as you told we can just wait and see.
sr. member
Activity: 1400
Merit: 259
March 03, 2020, 05:29:08 AM
#59
A $1000 difference.
Use that.

You cannot just tell where it will go so you make $1000 added and subtracted into what price you want to play it with.
Example is $10k. Make yourself think that it will move $9k-11k.
Because there is just no exact amount bitcoin will stay. It will keep on moving even in 10 more years.
sr. member
Activity: 700
Merit: 254
March 03, 2020, 01:36:41 AM
#58
is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?
I think no 10k$ is not yet the price that we wait we that price is starting bitcoin will gonna rise. But the problem is we don't know when the bitcoin gonna hit the highest price. So the 10k$ is not yet the price just wait be patience so that we can get more profit.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
March 01, 2020, 01:46:55 PM
#57
$10k has always been the prime number for bitcoin, it is the perfect "it" number for bitcoin. Right now, we have seen probably either third or fourth time that bitcoin moved beyond $10k a bit and dropped back down and repeated that. Bitcoin can't handle over $10k because when you go beyond that it is a lot easier to just start going up like crazy, breaking over $10k is harder than breaking over $20k when you are $15k.

So, bitcoin is in its "steady" price as in the price may go up $2k more but then it may drop down $2k after that and basically stay around these prices. I see $7k to $12k is the price bitcoin will be for a looooong time, maybe it will move outside of that zone for a while at most but for the next 5 years it may stay in these prices a lot longer.
legendary
Activity: 2982
Merit: 1028
March 01, 2020, 11:57:08 AM
#56
is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?
I don’t know about this for sure, but don’t forget that there was a time the price was at $6000 to $7000 and it remained stable and kept circling around these two prices until it managed to break through it after a long time before going for this $10,000 and falling back again.

So, I don’t think it’s capped on $10,000. The price dropped down to $8,000 and yesterday I can remember seeing the price around $8,300 and after that the price moves up to $8,600 and just now it has topped up extra $100 and is currently at $8,700 plus. It’s not going to stop there, it will still continue to increase and will keep going till it reaches a high price.
It's much better to keep the barrier at $8k to attract more new investors though the possibilities to fall harder is just around the corner. Weak holders are being played by the whales and if they can managed to create more dumped the possibilities to attract more selling pressures will take place. It's now between real supporters and those who are just trying to ride without proper knowledge. We will continue seeing fluctuations as nature from this industry still unmanageable to stick with the current position.
full member
Activity: 1316
Merit: 126
March 01, 2020, 10:37:56 AM
#55
Bitcoins is never actually going to stay at any rate for a long time , it will be constant for a while but eventually it will fall or rise , that is comple inevitable.

Therefore I do not think that we will be able to achieve a steady price in terms of bitcoins since , it is not dependent on any currency , it's independent and therefore it does not have an actual buffer system that will support the increase and decrease of that.


Bitcoin price may become steady for days but surely it will either go a little higher or the other way around. With all these false FUDS and also people panicking whenever the price go up lightly, we will never see a steady price even if we wanted to. Also, bitcoin price can be affected by various factor thus, the price fluctuates too much so to succeed we should be smart in dealing with our coins.
legendary
Activity: 2576
Merit: 1655
March 01, 2020, 10:34:27 AM
#54
10k is a great price, its doing fine at that price.   I dont see it has to do more, advancing too far is why it has to sell off like it is now which only upsets some.   A level 10k would probably yield a wider involvement by more of the population.

We are arguably approaching a more long term average just because its in the region of a yearly average, the purple line on this chart

Yes, a five digit figure is good overall, a healthy sign that market is somewhat attracted more investors.

The 200 day is more widely watched and noted but if we're talking the price becoming neutralised over time then being level with a year average is about that.    It cant really be called negative overall here imo just people had hope for more gains at this point.

It is still within the range, So it's not really negative at all, we might be in a bullish divergence, but the problem is that almost everyone wanted to see more gains specially that halving is getting nearer by the day.
full member
Activity: 1162
Merit: 168
March 01, 2020, 10:27:19 AM
#53
is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?
I don’t know about this for sure, but don’t forget that there was a time the price was at $6000 to $7000 and it remained stable and kept circling around these two prices until it managed to break through it after a long time before going for this $10,000 and falling back again.

So, I don’t think it’s capped on $10,000. The price dropped down to $8,000 and yesterday I can remember seeing the price around $8,300 and after that the price moves up to $8,600 and just now it has topped up extra $100 and is currently at $8,700 plus. It’s not going to stop there, it will still continue to increase and will keep going till it reaches a high price.
sr. member
Activity: 2828
Merit: 357
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March 01, 2020, 04:56:27 AM
#52
No, the last high was $10k.

The next low will be about $5 and the next high will be about $7.5


So from where did you learn this?are you a analyst? If not then stop fooling here becuase $5k will never happen again this year and the $7,500? No never in this season and the whole year.
why not ? actually its now happening  , recently the price playing at 9k to 10k usd  . this can take for a long time but i think im not ok with it    , would be more better if btc be stable at a good price range maybe 15k to 16k usd  .

  still i dont assume that the stability will last forever knowing that there are still county and people that arent involve in btc  but once all of them enter , the price can either pump more and it can also dump more harder than what we are experiencing right now   .
The things is we almost hit $11,000 this year but suddenly we fall again this month but hopefully may take the high price again this March.
STT
legendary
Activity: 4102
Merit: 1454
March 01, 2020, 02:09:47 AM
#51
10k is a great price, its doing fine at that price.   I dont see it has to do more, advancing too far is why it has to sell off like it is now which only upsets some.   A level 10k would probably yield a wider involvement by more of the population.

We are arguably approaching a more long term average just because its in the region of a yearly average, the purple line on this chart



The 200 day is more widely watched and noted but if we're talking the price becoming neutralised over time then being level with a year average is about that.    It cant really be called negative overall here imo just people had hope for more gains at this point.
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