Topic: Bitcoin Stabilizing At $20K (Read 1321 times)
Bitcoin price started dropping in the late hours. it is currently stabilized between $18-19k.
If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.
Your comment is contradiction, if bitcoin price became fixed on 20.000$ and after that all companies and organization start to accept it price will go up again cause of rising demand, that is economy law. I doubt that bitcoin will have stable and fixed price, fixed not a chance, but stability with little fluctuations is possible. Little in a way that price can't go up or down in thousands of dollars, movement can be 10$ up or down and that would be only stability that bitcoin can get.The stability you talk about is more than enough. Currencies of countries fluctuate in value and there is a floating rate between currencies. People don't mind some small fluctuations. It is this rapid intraday volatility that people cannot stomach.
If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.
Your comment is contradiction, if bitcoin price became fixed on 20.000$ and after that all companies and organization start to accept it price will go up again cause of rising demand, that is economy law. I doubt that bitcoin will have stable and fixed price, fixed not a chance, but stability with little fluctuations is possible. Little in a way that price can't go up or down in thousands of dollars, movement can be 10$ up or down and that would be only stability that bitcoin can get. 
If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.
Looking at the absurd increases and mega volatility in the last days .... how can you call this stabilization !??! 
I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.
Yes in the holidays it is true that the price of it may increase much higher because in that many people will get their salary in advance and they will not sell their bitcoin for their needs and they will have a good time at home to search for further investments so on internet they will find bitcoin blooming and they will definitely invest in bitcoin and these are the factors to increase the price of bitcoin much faster. That's interesting and two weeks later we'll see whether it's true or not, but I think you have a point. Indeed many Bitcoin holders sell some of their coins not because they think Bitcoin will fall in the future, but because they need fiat money at the moment. When those people have enough money they don't sell BTC and since the demand is rising so is the price.
I know that $20k looks like a reasonable figure to stabilize at, but so have been other figures, $50, $200, $2k etc. Bitcoin is unpredictable except that we can say the highest limit of its price which is $4,000,000 with today's purchasing capacity of USD. Bitcoin will reach it in case it replaces all the money in the world.
There is no special holiday of Bitcoin, the fluctuation and prices are driven by the users who buy and sell and no one could ever make a special season for Bitcoin.
I don't know if I fully get what you mean, but holidays are definitively relevant if you want to get into Bitcoin, because banks won't transfer your funds (in most countries) and many exchanges wouldn't credit fiat balances. This year, December 24 and 31 (not holidays, but also not full working days in many countries) however take place on Sundays, so the effect will be less strong than at other years where all holidays are during the week.
I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.
Yes in the holidays it is true that the price of it may increase much higher because in that many people will get their salary in advance and they will not sell their bitcoin for their needs and they will have a good time at home to search for further investments so on internet they will find bitcoin blooming and they will definitely invest in bitcoin and these are the factors to increase the price of bitcoin much faster. 
why price stable at 20k$?
It says stabilizing at $20,000 so it means that it's starting to get ready to land on that price.why price moving fast after braking 10k$?
This is the unstoppable question of many even outside the forum and the answer is because of it's high demand, no other reason behind that.it is impossible to stable after breaking 10,000$
It may look impossible but it's going to happen and you'll see it after few weeks or on the first quarter of 2018.
As Bitcoin is now considered as a legitimate asset or a store of value on the same level (or should I say higher?) as that of the physical gold, stocks, established international currencies like US Dollar and the likes as well as traditional derivatives, maybe it is time to celebrate for some pizza (see above) and some bottle of beer (see below).
With the introduction of the Bitcoin Futures, am wondering if there is a possibility that eventually Bitcoin would be stabilized at the $20,000 level for years all because the futures are putting the restraints and ceiling to its growth?
Actually, I do not have any problem if that can be case...but do you think many would still be investing with Bitcoin when the rate can be stable? We all know that majority of us in Bitcoin are here all because we are speculators first and foremost.
What is your opinion on this scenario? Bur before that...let's have some beer first!
http://bitcoinreport.com/wp-content/uploads/2013/08/german-beer-bitcoin.jpg
Holders back in 2011, 2012 etc had no problem holding even when the price was stable for a while, because they truly believed in the original idea behind Bitcoin, and were thinking long term.
These days are perhaps not over yet, but let's be honest, there are loads of people now buying Bitcoin to make a quick profit, they don't understand the concept and will sell as soon as possible.
This is a personal opinion but I believe the drop in price last two days is due to big investors buying at 10,000 because of the hype, and selling at 15,000... I mean they know nothing about cryptos, but made a 50% profit in two weeks time, can you blame them?
. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.
Hey, a bullish argument I never saw here in my Legendary lifetime 
. Congratulations! It's not totally bad, I think.However, I think the influence on Christmas/New Year itself will be limited - there are too many holidays where no fiat can be sent to (conventional) exchanges, and many people travel for vacations, in both hemispheres. So both effects would neutralizing themselves.
However, I don't discard a small effect - especially after the holiday time, because people can obviously read about Bitcoin on the beach or after skiing. It would be, however, not enough to move the price away from the $20K corridor.
Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.
Hey, a bullish argument I never saw here in my Legendary lifetime . Congratulations! It's not totally bad, I think.However, I think the influence on Christmas/New Year itself will be limited - there are too many holidays where no fiat can be sent to (conventional) exchanges, and many people travel for vacations, in both hemispheres. So both effects would neutralizing themselves.
However, I don't discard a small effect - especially after the holiday time, because people can obviously read about Bitcoin on the beach or after skiing. It would be, however, not enough to move the price away from the $20K corridor.
Haha, two weeks ago I hoped that bitcoin would stabilize at around $10.000. I had to get an annual bonus at work and planned to invest it in bitcoin. But the last few days have changed my plans 
Changed in the way that you aren't investing anymore? Or else explain. This Sunday (or Monday, depending on where you live) we'll be having CME future markets go live, which is a much larger operation than CBOE. It might turn out to result in a few active upcoming days as people are eagerly looking forward to what they have to bring to the table. If the market shoots up, you will regret not having bought at current levels, even while that wasn't your initial plan. If the price happens to go down a bit, you'll get to buy more Bitcoins for you fiat bonus. Initially it looked like the market was consolidating, but we'll see how much of this consolidation is left once CME enters the game. I already look forward to how many times they will be halting the future markets due to the volatility.
why price stable at 20k$? why price moving fast after braking 10k$?
it is impossible to stable after breaking 10,000$ now any 1$ will effect in price like put 1000 KG on a boat
it is impossible to stable after breaking 10,000$ now any 1$ will effect in price like put 1000 KG on a boat
Really unpredictable these days, last end of year we reached an all time high with a pullback afterwards, maybe we can do it over again this year
There is no pull back for now and further bitcoin is not showing so much signs that it will be stabilized at $20k. It is the same way of speculating like we did when Bitcoin’s value crossed $8k and everyone thought that now it may remain stable, but results are in front of you. Bitcoin is highly unpredictable, there are chances that bitcoin may become subject to correction at $25k or even $30k, anything is expected in this game but speculating at $20k likely to have less possibility as bitcoin is going to rise more before coming to rest for now.
Really unpredictable these days, last end of year we reached an all time high with a pullback afterwards, maybe we can do it over again this year
I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.
Maybe there will be a drops down of the price a correction possibly may take place but not that long. We dont know yet the market if this will be stabilizing at $20k. We should be ready of the up and down because market is volatile.
I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.
Haha, two weeks ago I hoped that bitcoin would stabilize at around $10.000. I had to get an annual bonus at work and planned to invest it in bitcoin. But the last few days have changed my plans
Dunno about 20k.
Like 3 weeks ago nobody would believe, that BTC could cross 10k before Christmas. and now we are at 18k... . You really can't tell what's going to happen in net 48 hours on this market.
Yeah, No one can really tell. We can only assume and imagine what we feel could happen, but that does not mean what would end up happening will still not happening. Right now, it is a long clip and only those who are patient enough may end up seeing the end of the clip but stability at $20,000, I won't see that coming at all as it does not sound possible.Like 3 weeks ago nobody would believe, that BTC could cross 10k before Christmas. and now we are at 18k... . You really can't tell what's going to happen in net 48 hours on this market.
Once the next bull run starts, I am sure we may actually go past that $20k and even test $25k. Stability is not even something we should be expecting now. Bitcoin is about to get known the more and then we will end up seeing even more people who have been skeptical to invest trying to rush in to be a part of what they consider as an asset without even bothering to know the true value of it.
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