Bitcoin price stabilizes? - page 28.

Cryptodiscuss

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Quote from: Imfinnabeon on February 12, 2018, 01:23:44 PM

Your joking right? Bitcoin won't be stable until minimum 50k and even then I think it will take until 100k to have enough money in the market to be quite stable. I would argue we need at least a trillion market cap before we see any real stabilizing from Bitcoin and even then probably not. The US dollar has 1.56 trillion in reserve notes and that is one country, Bitcoin is an international currency so for it to be stable it probably needs 5 trillion + at bare bones minimum.

What we all hope is for BTC not to go down again! And is it concrete stable, pined to 9000$ - NO .

Imfinnabeon

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Your joking right? Bitcoin won't be stable until minimum 50k and even then I think it will take until 100k to have enough money in the market to be quite stable. I would argue we need at least a trillion market cap before we see any real stabilizing from Bitcoin and even then probably not. The US dollar has 1.56 trillion in reserve notes and that is one country, Bitcoin is an international currency so for it to be stable it probably needs 5 trillion + at bare bones minimum.

SeNeor

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The information is applauded and at the same time still needs to be closely watched. Optimistically, I believe it is coming up to stability more and more despite its volatility and the challenges it's withstanding.

Barbut

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Quote from: Cryptovirtuosity on February 12, 2018, 12:01:40 PM

Nobody knows; it's true, it seems stable, but this stability is +-5% daily, that for another currecy would be an extreme volatility.
We'll see.

I agree that nobody knows, that is something that is so close to crypto currencies currencies. Its cause bitcoin and altcoins are something's new for this world, they appeared out from nowhere. I didn't imagine this scenario 10 years ago. I started dealing with crypto currencies 2 and a half years ago and eben then I thought I am late for the party.
We will see what will happen but the fact is that crypto currencies are making or its better in o say breaking they way out of anonymity.
It not just Americana that are making new laws. Gibraltar is the one that will make some regulations before them.
Bitcoin market cap is already 150 billion dollars and going up. This is not the first time that something like this is happening, look at the past ans you will see that after Chinese new year price is having uptrend. All prices is going up, let's hope that this uptrend will continue trough all February.

arditiyan

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I think the current price is stable, although there are still many who wait will be able to value $ 9000 even more in the near future, but it seems still need some correction to get the number, i hope it soon

investerS

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Quote from: Cryptodiscuss on February 12, 2018, 10:53:02 AM

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

There is no assurance yet that bitcoin has come to stabilise until what you have stated above is over and one may still watch what unfolds between now and march end.

Cryptovirtuosity

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Nobody knows; it's true, it seems stable, but this stability is +-5% daily, that for another currecy would be an extreme volatility.
We'll see.

Hamphser

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Quote from: Cryptodiscuss on February 12, 2018, 10:53:02 AM

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

Quiet a shocking scenario which we do least anticipated that billions been taking out on the entire marketcap which do lead up on sudden decline of crypto prices due to these fundamentals but I would say bitcoins price is never been stable but somehow it is on a calm phase where it do moves its price on smaller scales on a short period of time.I do have still the view that after those upcoming events or holidays in Asia price might recover but no one really knows.

Cryptodiscuss

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Activity: 518

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Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

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