Bitcoin hitting its steady price? - page 3.

btc78

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

what is steady price $8k mate?since that is what the value now compared 3 days ago when you asked this question.i don't know if how low we will get until this month ends and starts the new one.

but it is absolutely NO if you are asking about steadiness of price ,looking at how market swings this 2 months alone of 2020?you will see that we are not having a stable value at least not this before halving time.
maybe we cannot really expect steady price mate specially in Bitcoin that being a model currency of volatility,it will move each time for sure.

skarais

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Quote from: Sadlife on February 26, 2020, 09:13:15 PM

Certainly not, the price was in the $10k level but suddenly made a huge dump dont know if this due manipulation or maybe the effects of global crisis like wars and viruses.

The amount of sales that are too high has made the price of bitcoin a dump. A few days ago the price of bitcoin was at the sideways level which is actually a sign that there will be a big change between pump and dump and it is true that the price of bitcoin has now been discarded.

I have seen it several times when bitcoin prices are sideways and when changes occur, traders must make a cutlose if when the price become to dump or sell it when the price breaks the resistance level or resistance breakout.

BlackFor3st

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

You are entirely wrong about your statement, there is no steady price of bitcoin as it is a vulnerable currency meaning it can increase any moment or decrease any time. As of this year the bitcoin highest price is more than 10k then it decrease slowly because of unknown reasons and is currently sitting at 8611$.

Other are predicting that we can hit a new ATH record of bitcoin this year therefore having a capped of (i.e 10k$) is definitely in correct or not safe as the price can easily increased if the demand will skyrocket in just a short period of time. The halving still incoming meaning there are still plenty of opportunities for bitcoin to bounce back.

Sadlife

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Certainly not, the price was in the $10k level but suddenly made a huge dump dont know if this due manipulation or maybe the effects of global crisis like wars and viruses. I even thought it would break out to the upside cause it was steady holding 10k and made an investment. But bitcoin surprised me once more.

Maybe it's still to early for bitcoin to be called a safe haven.

Oasisman

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What's steady price? Like stable coins price?
I don't think Bitcoin will reach to that point where the price becomes stable (not atleast until the last piece of Bitcoin is mined)
The very volatile nature of Bitcoin is what makes it a most profitable investment among the other forms of investments, and that alone is the indicator of a healthy market.

coolcoinz

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What is a capped price? Capped by what? Demand?
There are 2 important factors that make it impossible for bitcoin to stay at a certain level or a cap as you call it. The first one is very small adoption and recognition. In many countries only 10% people have heard of it and even less know how to use it or have transacted at least once in their lives. Go to your school or workplace and ask to see how many people know how to send and receive bitcoins, you'll see what I mean.
The second factor is mining. There are millions of dollars in Bitcoin being sold on the market by miners who need to pay their electric bills. This will always create a downward pressure on the price, or at least until there's almost no coins left to mine.

LogitechMouse

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When I saw that a hacked on BCH happened, I already expected for a further downside within the next days and it really happened.

Quote from: LogitechMouse on February 22, 2020, 10:32:02 PM

With this, I'm expecting for a further downside in the next few days.

TBH, another opportunity for us to accumulate more Bitcoin Cheesy

. You can't use the word "steady" with Bitcoin because we know how volatile it is already so this is a no no already. There is no "safe" too here since anything can happen so the capped price of $10k is somewhat irrelevant and we saw already the market going down including BTC>

yazher

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Bitcoin is made to become volatile, there's no way that it can become steady like most of the stable coins do. not because the price has never been down or up in the $10,000 mark, it means the price can assumingly be that way, no!
As you can see today, we are heading down again and this is the nature of Bitcoin. Another day of riding the roller coaster without knowing when will the price rise up again.

Twentyonepaylots

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

The current price of the bitcoin is now $9,100. Far from the expected price that you are talking about. It is continuosly going down because people as of now is selling their coin after it rises up that is why its price goes down. But for sure it will surpass 10k USD since halving is about to happen and people will buy more btc for them to hold and sell it when the halving takes effect.

As of economic theory bitcoin's price will increase due to the halving event that will occur in the mid month of May. Most probably it is down right now because of the unexpected rise it get early this month and so many people sold their to get an early lunch. Although it is not certain for the bitcoin halving bitcoin to make its value increase. I'm positive with the upcoming halving, I assume it would skyrocket right after and will continue after a month. I expect a $17000 for 2020's All time High still far from the $9000 current price.

It makes me laugh how the Rekt Capital predicted the price of Bitcoin above $100,000. Very optimistic isn't it?

Moshaid

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A professional cryptocurrency trader won't have this assumptions based on the current market condition. Although the price looks stable at this rate but it keeps breaking some certain points as well as dropping. The market cap also shows that there's more growth approaching the bitcoin price, this price trend might be a ground breaking one for the next huge rise in price, which is why a good investor shouldn't be making up his/her that bitcoin is hitting a capped price of 10k$.

maydna

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

You can assume that, but if you check on the market, the bitcoin price is not stable. Perhaps, we already see the bitcoin price was steady at $10k before, but now, we see the bitcoin price is steady at $9700 price range. But it will be back to $10k soon, and there is no need to worry because bitcoin will increase again. It is like bitcoin adjusting the price before the price can rise to a higher price, and if we check at the history, the price will be back to the higher rate. But we don't know how long this situation will be like this and we need to be patient to pass this time.

rodskee

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

you have posted this while Bitcoin price starts dumping?i mean look at the price now https://coinmarketcap.com/ the market capitalization is Down with 20 billion more or less?this is the sign that we are not going to be stable at $10,000 instead the volatility will continue showing up its power and being uncontrollable .
let us just Hope that after this Pumping season will start and make another history this year because of another Halving coming.

Tylev

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

The nature of bitcoin, like other decentralized cryptocurrencies, is such that they will never have a more or less stable price. Of course, the time will come when Bitcoin may not increase significantly in price. However, this time will not come soon. It will take more than one year for this. In addition, while no one knows what price heights it will rise during this time. I doubt the predicted space prices for bitcoin, however, in the next decade we can only fix its price ups and downs.

YOSHIE

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Do not make a decision quickly can not confirm it all, you can see the price of the day 26 February 2020 at the level of 9000$,
from the price of 10000$, the price you mentioned.

I can advise you to monitor the market where you trade every day, before making a decision to buy and sell.

There is no 100% correct prediction, you have to see market developments every day to start investing.

pooya87

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well if you think the following conditions are met then yes it has reached "capped price"
1. has bitcoin reached mass adoption where it is used all around the world by nearly everyone
2. has bitcoin's adoption stopped meaning everyone already knows about bitcoin and all those who wanted have adopted it and there won't be any more adoption

in my view it is obvious that not only neither of these conditions are met but also we are so far away from reaching them.

xvids

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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.

Ethereums

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we are assuming that bitcoin will continue swing till may 2020 is coming. i've read somewhere that bitcoin price will be rise to 16k since it cost for mining will be more costly since halving comes. I only knew that when u mining u will be competing with other miners to get your hash rate on the mining pool.
This wild swing if u carefully read the chart tape at years when bitcoin get halving had the same pattern which means that many manipulators come for raising the price while they push the price to bottom at first. And if this happens, i believe just watch and see for the bottom price this feb through march, is not hurt right if we just patiently waiting for the best price to jump in.
My stance just put some alert on my devices to see if the support range is broken or not in this last week of feb, and if not happening then just wait again it till mid of march.

Khaos77

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

No headed Lower ~$9100 now, look to be in the $8k range by next week. Tongue

dothebeats

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Capped price is an overstatement. We have had price plateaus in the previous years and were much worse than we have it right now. I'd like to call it normal price actions since even in volatile markets, you can't always expect that there will be sharp price movements every time.

Even in seas plagued with waves, there will be days that waters will calm, and so will bitcoin's price movement.

meanwords

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Quote from: Abdulowad on February 25, 2020, 05:05:44 PM

is it safe to assume that Bitcoin is probably hitting a capped price(i.e $10k)?

Capped is a pretty naive term especially when you consider how volatile Bitcoin is. We don't even know how large Bitcoin will be capped in. We can go as high as $1,000,000 if fate decides to pull it. Remember how we reach $20,000? Though I don't think that we will reach all-time high soon enough. I'll probably happen this 2021 which is the year of the 4 year cycle bull run.

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