Bitcoin Stabilizing At $20K - page 2.

Drixy

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Quote from: junoreactor on December 11, 2017, 02:26:33 AM

Quote from: iamTom123 on December 11, 2017, 02:17:14 AM

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!

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Great question, very relevant.
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?

Indeed you cant blame them were different. Every people is different so as the attitudes. Those who your describing is the multi-millionaire that dosnt really mind waiting. But those who doesnt really care about the proper handling of bitcoin and the patience included.These holding with long time waiting or a long term might have disadvantages on bitcoin but not too much than trading or altcoin trading although it has good profits but only quicker than usual.

oegarod

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Possibly reaching certain price, the correction takes place. In a similar manner reaching $20000 too can expect a price correction that might make the price fall in value and starts to grow further taking the price grow above $20000 again. Stabilizing is to gain momentum for a push to reach bigger price.

el kaka22

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Quote from: Eternu on December 12, 2017, 01:37:28 PM

In near future we will see bitcoin price of 20k $, that is inevitable or at least that is what i think. Because every day number of bitcoin supporters and investors is rising. But I think that it is not possible for price to be limited on 20000$. One of main reasons for that, is that bitcoin price will always rise because of bitcoins limited number and difficulty of mining. The moment when we could expect steady price, is when people start using bitcoin as currency and not as investment.

Absolutely impossible. The fact is that no one knows the peak of bitcoin, but can we really say if it has a peak or not? So far so good, investors and the wall street guys have really shown some pretty huge influence on the market, and that definitely calls for the value increasing further and your last statement really says it all, but even when that time comes, demand will increase the more.

Quote from: yenimailb on December 12, 2017, 01:18:49 PM

I think Bitcoin price will be $20.000 end of 2017.

I am very optimistic it may be more than that, otherwise we should expect some bear thugs kicking in. This is a period we have all been waiting for, and now that we are in with the futures, even though theirs is a totally different market, but it would still have some major impact in the crypto world in the long run. I am sure things would change a lot but we just cannot do much than to keep watching.

Whosdaddy

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I really hope in the long run, people get to understand the essence of what bitcoin really is useful for and not just as an asset. It could stabilize and it could not, but if we see how people tend to perceive it and then we do not end up seeing the rocket demand for it as a result of it being an asset, and FOMOs trying to rush in, then we may attain some stability. With the look of things though, I do not see how that is possible at $20,000.

omonuyak

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Quote from: iamTom123 on December 11, 2017, 02:17:14 AM

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!

Bitcoin is going to break $20,000 and heading toward $25,000 after 17 of November 2017 and we expect the bitcoin futures to impact Bitcoin price seriously. I have been following Bitcoin price since last year and stability of pricing is far from achieving. This bullish momentum is going to continue until Bitcoin get to the level when governments is going to have interest in it and maybe start to influenced the price.

Rahar02

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$20K is achievable for sure, but to stabilize at this rate maybe takes few weeks or even months due to price volatility and market activity across the global exchange influenced by regulations and development.
How about bitcoin futures affect bitcoin price? It just has a small effect on bitcoin as the contract just using dollars and there is no any bitcoin involved unless contract holders decide to manipulate the market in some ways such as invest Millions of dollars in bitcoin and then dump it after bitcoin reach a higher price.

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I wouldn't say that bitcoin must stabilize at $20k . There is still a lot of potential growth for bitcoin .
But this might be the time bitcoin must stabilize for sometime at $20k . With the increase and high volatility people are loosing the trust and fearing a potential bubble . That is why if it grows slowly from now that would be best approach for bitcoin . The market cap has become so conjusted that due to lightining speed of bitcoin the number transaction delays are at its peak . So this might be a time to take it easy for some time.

Betwrong

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Quote from: wuvdoll on December 14, 2017, 04:18:27 AM

Quote from: btcbonanza on December 12, 2017, 12:50:58 PM

Thanks for Pizza and Beers but when non-investors will see us enjoying bitcoin delights, won't they be wishing to join us in treat!
Therefore, I don't think after listing on futures and along with series of worthy forks (like Super Bitcoin, etc), bitcoin is going to have any stability. Its demand will rise like before and prices continue to rise which can easily cross $50K during next year.

Yeah, listing in futures may drive us upward in the long run and back or just drive us backwards a bit now and then upwards in the long run. One of this is definitely bound to happen anyway. Demand is something that is expected to rise and we should expect that to really cause some upsurge in value but how long this present rally is going to last is not known yet.

Stability will be a whole lot to ask for right now with the introduction of the wall street guys in the market. We may shoot past $20,000 even in upcoming weeks, but nothing is guaranteed. These guys are the manipulators of the highest order and they will try all their best to shake off weak hands and buy back from them until they have a solid position in the market.

To manipulate Bitcoin price these days you have to risk around a billion USD. It's a tough call even for the manipulators of the highest order, but it's not impossible. So when they do that, don't be the "weak hands", guys. Hold strong because most likely the price will go up pretty soon, when the manipulators will start to buy.

richmcrich

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Quote from: ReLieD on December 13, 2017, 08:34:07 AM

Are you sure about that !? I don't even think using the word ' Stable' with Bitcoin is appropriate . Both words are completely opposite and I don't think that Bitcoin can stay with an amount for more than 1 day. Even 1 day is very long.

Once Bitcoin crosses 20k I am damn sure that the prices will fall down. Many people will start withdrawing their btc and hence it will lead to drop in prices.

I don’t think that at 20k bitcoin will stabilize because demand varies with respect to time and there is more coming in future so no chance of stability at this moment because everyone is struggling that somehow he can get into the bitcoin and sooner or later wishes of every investor will be completed by bitcoin so don’t think about its stability with this stableness it will be like cash and gold and people will get bored,

wuvdoll

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Quote from: btcbonanza on December 12, 2017, 12:50:58 PM

Thanks for Pizza and Beers but when non-investors will see us enjoying bitcoin delights, won't they be wishing to join us in treat!
Therefore, I don't think after listing on futures and along with series of worthy forks (like Super Bitcoin, etc), bitcoin is going to have any stability. Its demand will rise like before and prices continue to rise which can easily cross $50K during next year.

Yeah, listing in futures may drive us upward in the long run and back or just drive us backwards a bit now and then upwards in the long run. One of this is definitely bound to happen anyway. Demand is something that is expected to rise and we should expect that to really cause some upsurge in value but how long this present rally is going to last is not known yet.

Stability will be a whole lot to ask for right now with the introduction of the wall street guys in the market. We may shoot past $20,000 even in upcoming weeks, but nothing is guaranteed. These guys are the manipulators of the highest order and they will try all their best to shake off weak hands and buy back from them until they have a solid position in the market.

magneto

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Could it happen? Absolutely it could. Though i think things will actually turn out a lot more dramatic than bitcoin rising to $20k and stabilising there. It's more likely that a huge bitcoin bubble builds up and then a huge crash brings it down again, stabilizing at around September-November price levels.

It's always rare in a bubble scenario for something to just break barriers and then stay there. People are going to be tempted to buy at first because of FOMO and later on dump because of the fear of losing money - again.

I mean stabilising prices are obviously ideal but i don't think it's likely.

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Quote from: killerfrost on December 12, 2017, 02:03:06 AM

I think that if Bitcoin is too stable and there is no fluctuation, no one will invest in it. Because it is unstable, people can make a profit from the differences. Otherwise, I think Bitcoin will soon reach 20k and may increase further but not this year. Probably next year will be a development year of Bitcoin as the platform gets more stable and more and more people know it, it will really grow.

If no one invests in it, at least those who understands the true value will end up finding a useful ground for it than just an investment. Bitcoin was meant to do certain things, but I feel people are beginning to get too greedy and not even considering what bitcoin can do but what they can get back in the long run, and sometimes, I really do not always know if I should be worried or not.

Bitcoin cannot stabilize at $20000 and we all know that, with the way things are going.

walking_jumbo

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There is a lot of hype at the moment and since beginning of December it seems everyone want to buy a bit coin which push the price sky high. Not just that it's also good for other crypto currencies prices which has rocketed due to this demand.

I think almost until there is another distraction in the market the prices will go up. Only crystal ball can predict when it will settle and at 20K or 25K or 50K.

shesheboy

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Quote from: boboking on December 13, 2017, 07:43:22 PM

Yes I do not think that Bitcoin price will drop below $10,000 but if this happen weak hands will definitely sell their bitcoin thus the price will go even deeper and that could be a start of a crash. Losing around 40% to 50% of it's current value will be a disaster regardless of the gain it has this year. Well I hope this will not happen.

based on my personal forecast i can possibly say that bitcoin wont drop anymore because as the others said we are now getting closer to the upcomming bitcoin forks and as far as i know bitcoin forks can always lead to price increase because of the more demand that bitcoin will get because more and more people will buy bitcoin every single day to prepare on these hardforks. though i can also say that bitcoin is not yet stabilizing because it is still a volatile coin and price are moving every minute and every second of the day.

boboking

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Quote from: richardsNY on December 13, 2017, 07:34:25 PM

Quote from: surix on December 13, 2017, 10:28:48 AM

I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.

Falling back to levels below $10,000 isn't very likely, but it's something we can't just so easily discard. If we look at similar predictions that the market would never fall below a certain level again, where each time it went below these levels, it proves that no price level is safe in times of total panic. On top of that, in this market sell-offs get greatly exaggerated, so with that in mind, I won't rule out another visit below the $10,000 level. But even if we do fall slightly below the $10,000 level, it still means that we're more than 800% up this year, which is pretty insane if you think about it -- it perfectly shows how much growth we have experienced.

Yes I do not think that Bitcoin price will drop below $10,000 but if this happen weak hands will definitely sell their bitcoin thus the price will go even deeper and that could be a start of a crash. Losing around 40% to 50% of it's current value will be a disaster regardless of the gain it has this year. Well I hope this will not happen.

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Quote from: surix on December 13, 2017, 10:28:48 AM

I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.

Falling back to levels below $10,000 isn't very likely, but it's something we can't just so easily discard. If we look at similar predictions that the market would never fall below a certain level again, where each time it went below these levels, it proves that no price level is safe in times of total panic. On top of that, in this market sell-offs get greatly exaggerated, so with that in mind, I won't rule out another visit below the $10,000 level. But even if we do fall slightly below the $10,000 level, it still means that we're more than 800% up this year, which is pretty insane if you think about it -- it perfectly shows how much growth we have experienced.

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Quote from: DrGuns4Hands on December 13, 2017, 10:41:51 AM

Maybe it is going to stabilize at $20,000 because i myself didn't expect that bitcoin will reach over $15,000 this year but now that it happened maybe it is really going to stabilize at $20,000 and going to increase more.

Yes, that's true. None have expected such a growth. All took place in a short term period and made the people into panic. Later the same termed to be the real growth, at present the varying price quite often gains stability to move further reaching high. In this regard, the next stabilization might be after $20k.

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I think it will that price soon.

DrGuns4Hands

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Maybe it is going to stabilize at $20,000 because i myself didn't expect that bitcoin will reach over $15,000 this year but now that it happened maybe it is really going to stabilize at $20,000 and going to increase more.

surix

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I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.
About 20k...not that sure at this moment...

Topic: Bitcoin Stabilizing At $20K - page 2. (Read 1385 times)