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Topic: Bitcoin prices are currently fluctuating very low! This is a strange thing. (Read 662 times)

AGD
legendary
Activity: 2069
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Keeper of the Private Key
How do you like the fluctuation now?
STT
legendary
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Leading Crypto Sports Betting & Casino Platform
What do you think when the current bitcoin price fluctuates very low, it is more stable than some stocks of major companies in the world



Only the tech companies are moving around a vast amount (they tend to be overpriced and speculative on future growth far more), most companies are still quite stable day to day where as BTC changing from 6000 to 6500 in quite short amount of time still represents a 8% change.
I think BTC trading on Chicago futures has changed its nature some perhaps.   Also quite alot of anticipation in various ETF applications and even moves in alternate crypto protocols which are sold in BTC often could be a large part of support to pricing
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
I do not feel there is an oddity with the stability of bitcoin prices because the market will not continue to deteriorate and also increase, so with this stability I think it makes me personally feel safe because there was a lot of speculation that said if the price of bitcoin will fall below $5k. But what happens is that the price of bitcoin is able to survive and I'm sure there will be a change in good improvement in the near future.
hero member
Activity: 2884
Merit: 794
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What do you think when the current bitcoin price fluctuates very low, it is more stable than some stocks of major companies in the world. Do you think that this stability is because people are not interested in Bitcoin or any other reason?


Stability is the most common state for any market, this may seem difficult to believe especially for those that became investors or traders at the end of the previous year but that is just the way this, a stock cannot go up forever and it cannot go down forever either, at some point an equilibrium is reached between those that want to buy the stock and those that want to sell it and that is what you're seeing.
full member
Activity: 566
Merit: 102
What do you think when the current bitcoin price fluctuates very low, it is more stable than some stocks of major companies in the world. Do you think that this stability is because people are not interested in Bitcoin or any other reason?


People are still interested in Bitcoin but it could be that newbies are selling their holdings as they are afraid that prices may go down even lower than what we have now. As far as I know Bitcoins prices are not that stable like that of fiat as we can still see volatility each day. For me I think price of Bitcoin will not go down too low as $1,000 because I believe something good will happen at the end of 2018.
If newbies are selling their holdings because they are afraid and then doing it at loss, then they should have themselves to blame in the long run and not the market, because the idea with whales is to shake them out of the market, and I am sure with people doing this, they are actually just giving the whales a filled day eventually.

This is a market that is still growing, we are still in an early phase and there is absolutely no way this market has stopped growing, and if some people are to short minded and cannot focus on the long term, then, that is their cup 'o'  tea.
copper member
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There is nothing strange because bitcoin prices fluctuate and it can make a sharp decline, don't worry bitcoin is still the best in crypto and bitcoin will have the opportunity to increase, be patient and calm yourself.
sr. member
Activity: 448
Merit: 281
I think this is because the regular people get out from trading and many people are either in fiat or in bitcoin but not trading anymore trying to make more money. A year ago everyone was a master about which coin was to get and even at the most unusual places you have seen talks about buying some obscure coin and that was the way to riches, nowadays no one really does that at all.

It means the whales who try to control the market can't anymore because in order to control the market it has to worth what you are doing and when they spent millions of dollars into bitcoin than there was other people who spent tens of millions of dollars and their speculation was not seen and balanced.

Nowadays, if they try to do that than they would have to really move the market themselves and when they want to get out they can't because there are not enough money to go around.
hero member
Activity: 1484
Merit: 516
Not surprisingly this incident shows the public the value of BTC does't always rise/fall fluctuations quickly,there must be a period like this so there are words of long terms for investment in BTC and I think this is the usual thing in crypto.Indicates who has a strong hodl of the bite for a long period of time.
full member
Activity: 756
Merit: 102
I think it's not strange because it's normal because its happen before maybe to some new comer in crypto its strange that the price in the market is fluctuating but it's normal because it will not always on top and we know that its decentralize.

thats right and i agree that it is actually normal to see fluctuaions like this  , i believe that whales did this manipulation . they decided to dump the price slowly so that many people will continue to panic and if that happens , the price will even drop sharply but whales isnt the one that will get benefit the most  because other investors will also take this oppurtunity to buy and hoard more coins . dont worry , the price will soon recover and i think it can happen on the mid of november or decemer  this current year  .
jr. member
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I think it's not strange because it's normal because its happen before maybe to some new comer in crypto its strange that the price in the market is fluctuating but it's normal because it will not always on top and we know that its decentralize.
hero member
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What do you think when the current bitcoin price fluctuates very low, it is more stable than some stocks of major companies in the world. Do you think that this stability is because people are not interested in Bitcoin or any other reason?



This move should be welcomed as this seems to be so healthy. Stable price is indeed needed at this critical situation.
legendary
Activity: 1176
Merit: 1024
What do you think when the current bitcoin price fluctuates very low, it is more stable than some stocks of major companies in the world. Do you think that this stability is because people are not interested in Bitcoin or any other reason?


Bitcoin price movements to date seem to be more stable, if indeed we always compare price movements with last year, bitcoin has experienced a very drastic price drop from 2017 but this certainly has its own reasons, bitcoin has experienced a strong market price correction to date
Maybe you should be comparing with so many years before and know that bitcoin is still in an uptrend and all you are just seeing here is a short term correction. There is actually no doubt that we will still get to see more fluctuations in the long run, so for those who are basically waiting for anything strange, then they should really be looking at the level at which this market is going to grow in the long run.

From the most things that have happened, bitcoin has been having consistent increase and now that we are a decade at least, knowing the level at which bitcoin has risen over the years, is something that is pretty interesting and enough to make anyone to keep focusing on the future.
member
Activity: 434
Merit: 13
there is nothing strange about it. it is only new to YOU.
otherwise you can see that this kind of stable phase has happened before. for example the most obvious one which was actually one of the longest periods of time when price was stable AFAIK, was back in 2015 when price was around $250. the situation was exactly the same as today and newcomers were surprised about that kind of stability!
Yes, you are right, actually these fluctuations have occurred from previous years, this is exactly like today, I think those who do not know fluctuations are people who have just joined and not done research.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
I personally do not feel anything strange, I just feel this is a form of the stability of the price of bitcoin that is able to be suppressed, because we know if the bitcoin market has high fluctuations and at that time we expect stability to occur. Currently the price of bitcoin is only moving around $6k and in my opinion this is the latest achievement about the price of bitcoin which is able to be pressed for a long time.
hero member
Activity: 1806
Merit: 671
The good thing about Bitcoin's movement now is that even though it is volatile it's volatility has limits. And what I mean about that is it doesn't go lower beyond the 6,000$ level which simply means that sellers are rejecting to go beyond that level. It seems to me that this movement tells us that majority of the hodlers are putting a barrier in this market where they only accept the fluctuation up to a certain limit. And to answer your question, if people are not interested in Bitcoin it won't even have a fluctuation at this point as its value will be down to zero as there will be no demand in the market.
legendary
Activity: 1414
Merit: 1001
What do you think when the current bitcoin price fluctuates very low, it is more stable than some stocks of major companies in the world. Do you think that this stability is because people are not interested in Bitcoin or any other reason?


I think stable conditions like this are a positive value. Because when conditions stabilize, it will make more investors interested in Bitcoin. Because in the past most investors and also the government considered the unstable conditions owned by Bitcoin to be a threat. There are positive values that we should be grateful for. Hopefully the Bitcoin can still exist and then gradually be accepted and made a fair regulation by the government.
legendary
Activity: 2842
Merit: 3536
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This is a period of stability, yes, but hardly uncommon even in other markets, except that with Bitcoin it really doesn't tend to last very long, with people accumulating orders and consolidating either for drops or spikes, both audden and pronounced.

Definitely when the speculators start dropping off. They may hover around alt markets but to be sure, it's when they reenter again that we'll see more activity.

Might be worth pointing out that the same low fluctuations are being witnessed in traditional markets at the moment.
hero member
Activity: 1428
Merit: 506
Bitcoin prices remain above $ 6,000 during this period. Bitcoin prices can not be said to be low. It is possible that what you say is true when it is too low compared to its highest price. What is lacking in Bitcoin is the source of outside investment to create the mutation.
Some people are much confused that they start trusting these fuds. Don’t worry about such stories. Believe me everything on internet isn’t valid and likewise every news isn’t an authentic one. Sometimes it is just a prediction from an individual or group of individuals. Be brave and patient as well. Time is near when bitcoin would jump from nothing to a heavy level.
Tha’s true,  let us be patient with these fluctuation that are happening in the market. Usually this is not strange, price of bitcoin varies from high and low. So bitcoin price has a big hopes that it can regain to high.
legendary
Activity: 2100
Merit: 1058
I don't see it as a 'strange' one. Stability is somehow happened, not because of the interest has down, it just happen. Not only up-down, stable is also part of bitcoin ways of 'balancing' and improving itself. Perhaps, it just new to you, more than else, don't worry about it. Well, some people  may have the same thoughts as yours, but we have to be calm and enjoy the moment. Who knows what could happen after this period, you'd better yourself for that one rather than worrying about this current situation. 
It is even something that is always expected when you get to see indecision in the market and in this case, you tend to see market consolidate for a while. First and foremost, from what the OP said, this is not a strange behavior at all, as it has happened a lot in the past and we have had one that even lasted than anyone could have imagined.

Probably, he is only looking at it strange based on when he got into the space, and the first time experiencing this, but it is nothing strange at all. The market is still very much volatile, but at stages like this, it is trying to either switch to an uptrend, or taking sometime to continue with the downtrend.
sr. member
Activity: 496
Merit: 254
Bitcoin prices remain above $ 6,000 during this period. Bitcoin prices can not be said to be low. It is possible that what you say is true when it is too low compared to its highest price. What is lacking in Bitcoin is the source of outside investment to create the mutation.
Some people are much confused that they start trusting these fuds. Don’t worry about such stories. Believe me everything on internet isn’t valid and likewise every news isn’t an authentic one. Sometimes it is just a prediction from an individual or group of individuals. Be brave and patient as well. Time is near when bitcoin would jump from nothing to a heavy level.
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