Topic: Bitcoin price stuck ? - page 6. (Read 4114 times)
Not for nothing, but I'll take a stuck bitcoin price over a crash any day. If anyone is planning on using btc as a currency, you want price stability. You won't want to spend something that's increasing in value and you won't want to save a currency if it's declining or get paid in one if it's declining.
We can't have just spikes all the time. The price has now "calmed down", especially after the Bitfinex hack. I bet we would've had a $700 price right now if the hack didn't take place.
To be honest, none of us really can say for sure, but some small spikes make me think that there will be atleast a little blow up sometime soon, or atleast i hope so.
In any way, i don't feel comfortable selling anything just yet, that's for sure.
In any way, i don't feel comfortable selling anything just yet, that's for sure.
It's consolidating, that's all. Probably shoot up pretty soon.
It's actually very simple. Nearly everyone is waiting for a large trader to pull the trigger. It can happen right now, or after a few more weeks. Till then the price will not move much from the current levels. I don't mind if the price is not moving for another few weeks, as long as it stays above the $600 level.
Generally after every big pump and dump there is some period which is called as correction period at which price will be in constant rate for few times. And looking at current stable price after recent pump, it is likely that we will see another spike soon.
Bitcoin price has come in a moment where for more than 2 weeks now is sitting in the area of 610 USD +- 10 USD most of the time. Why has the price stopped moving up or down ? Bitcoin is well known for its instability and being very unstable but now things for me are starting to look different. I was reading bitcoin related news in clear and also deep web but could not find anything that can make the price of Bitcoin go up or down.
Any ideas why the price is stuck for more than 2 weeks now ?
Any ideas why the price is stuck for more than 2 weeks now ?
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