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.
Topic: Bitcoin Stabilizing At $20K - page 3. (Read 1385 times)
Well if Bitcoin went only sideways for all of 2018 (probably impossible), it still would have made it's performance for all of 2017 worth it.
Stabilization means put bitcoin under control which will be so hard.
Demand and Supply control price and Demand unstable these days = unstable price.
after CBOE may be given some Stabilization.
personally, hope to stable at any range
Demand and Supply control price and Demand unstable these days = unstable price.
after CBOE may be given some Stabilization.
personally, hope to stable at any range
Nope stabilization will not happen these years i believe,
you should understand right what is the reason behind the pump that we're seeing this lately and for the past few years ?
it's all about the demand itself,
we're aware Bitcoin only has around 21 Millions in total circulation while people in this world more than 10x times from bitcoin total supply.
stabilization will work as long as there're no more demand or the demand itself do not increase or remain the same.
but it's very impossible because if Bitcoin get recognized by many people,
slowly the demand itself will keep increasing until we're reaching the peak.
no matter what is it,CBOE or whatever.
it will not change the fact that Bitcoin will never can stabilize at this moment.
Stabilization means put bitcoin under control which will be so hard.
Demand and Supply control price and Demand unstable these days = unstable price.
after CBOE may be given some Stabilization.
personally, hope to stable at any range
Demand and Supply control price and Demand unstable these days = unstable price.
after CBOE may be given some Stabilization.
personally, hope to stable at any range
If Bitcoin is a new asset class (strictly speaking, it is crypto as a whole, but btc is about 60% currently), then it stands a reason that it should at least approach the smallest asset class value.
Apart from crypto, the smallest asset class is precious metals with about 8 tril value.
0.6X8=4.8 tril.
4.8 tril for 16.7mil btc= $287 thou/btc price target.
Of course, as bitcoin numbers increase, the price number projection would drop (to, maybe, $250 thou).
Timeline: unknown, could take 3-5-10 years, but unlikely longer than this.
Apart from crypto, the smallest asset class is precious metals with about 8 tril value.
0.6X8=4.8 tril.
4.8 tril for 16.7mil btc= $287 thou/btc price target.
Of course, as bitcoin numbers increase, the price number projection would drop (to, maybe, $250 thou).
Timeline: unknown, could take 3-5-10 years, but unlikely longer than this.
I agree with your calculations. I think that in the future many people will invest in crypto rather than in precious metals and even those who already invested in precious metals will partially move their assets to crypto.
As I said earlier we can expect price much higher than $250k if Bitcoin replaces all money in the world, but your picture is more realistic and that's why I like it even more than that of mine.
i also see that bitcoins value is now stabilizing at $17k level. i believe that correction is now happened on this level because bitcoin has seems stable in past 2 to 3 days at this point but i have a good feeling that bitcoin will still surge upwards because were now getting close to the upcoming bitcoin forks this december. this can again result for bitcoin to reach his new all time high which is expected to be $20k just before the year ends.
I hope bitcoin fork will benefit the growth of bitcoin as there are mixed reviews about the outcome of bitcoin fork but I believe this will.be fruitful and when we talk about stability we are yet to attain stability but if we dig deeper and do a floor test we have rather achieved new levels like the lowest point or lower limit and whoever there is a value pumps then a new lower limit is set as the price don't drop beyond that limit.
I do not see a strong reason to think that $20,000 will be a psychological level especially relevant to stop the exponential growth that the bitcoin price has experienced during the last months. In fact it seems to me more likely that the constant volatility that has been observed will remain during 2018 due to the arrival of new capitals, so the price of $20,000 will be easily surpassed in the same way that $10,000 did not mean anything relevant to investors.
Stabilizing of bitcoin at certain level doesn't seems possible right now because investors don't want their market to shut too soon. I know there would come certain hurdles and restraints in the way and it will may limit the growth, but even if it will become true then $20K is too low for stabilizing because still the growth is rapid and it can reach $20K within few days. So let suppose the stabilizing price more than $50-60K, yes this could be acceptable.
Yeah I agree on this matter mate, the $20k might be achieve so well in a few span of days and that would probably be meet next year. If we will expect more than that I guess bubble specualations will come out again, creating either positive or negative ideas. Panic always happens and we could not prevent that, but all we need to do is always control our emotions. 
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 about a situation where we will have next halving and creation of bitcoin will be lowered - and at the same time demand for BTC might be the same or even higher?
It is always hard to speculate about future when there all you can do is extrapolate - but I don't think that bitcoin price can be so easily controlled, there are too many factors here to consider.
i also see that bitcoins value is now stabilizing at $17k level. i believe that correction is now happened on this level because bitcoin has seems stable in past 2 to 3 days at this point but i have a good feeling that bitcoin will still surge upwards because were now getting close to the upcoming bitcoin forks this december. this can again result for bitcoin to reach his new all time high which is expected to be $20k just before the year ends.
I think Bitcoin price will be $20.000 end of 2017.
Possible if the price gets $18,500 before Christmas day we will see a bull that will lead bitcoin to $20,000. But for now, I'm going to take chance of the other pump that's happening in the altcoin market. While my bitcoin seats on my cold storage, taking profits with ETH and LTC is good for today while waiting for bitcoin to pump. Whomever that has these 3 coins, you'll the man and a winner.$20,000 is not far at all. We are almost at its footsteps. The price has gone close to $18000 and is now trading between the $17k-$18k range. The CME futures are yet to start trading. I think the demand there will be higher. We could cross $20k in no time once that happens.
Same opinion here. I will not be surprised if we hit $20k even before 1st of January. If it will happen, after New Year Bitcoin will just walk over $20k just like it happen with $10k.. Next "bus stop" somewhere around $25k.
If Bitcoin is a new asset class (strictly speaking, it is crypto as a whole, but btc is about 60% currently), then it stands a reason that it should at least approach the smallest asset class value.
Apart from crypto, the smallest asset class is precious metals with about 8 tril value.
0.6X8=4.8 tril.
4.8 tril for 16.7mil btc= $287 thou/btc price target.
Of course, as bitcoin numbers increase, the price number projection would drop (to, maybe, $250 thou).
Timeline: unknown, could take 3-5-10 years, but unlikely longer than this.
Apart from crypto, the smallest asset class is precious metals with about 8 tril value.
0.6X8=4.8 tril.
4.8 tril for 16.7mil btc= $287 thou/btc price target.
Of course, as bitcoin numbers increase, the price number projection would drop (to, maybe, $250 thou).
Timeline: unknown, could take 3-5-10 years, but unlikely longer than this.
I think Bitcoin price will be $20.000 end of 2017.
Possible if the price gets $18,500 before Christmas day we will see a bull that will lead bitcoin to $20,000. But for now, I'm going to take chance of the other pump that's happening in the altcoin market. While my bitcoin seats on my cold storage, taking profits with ETH and LTC is good for today while waiting for bitcoin to pump. Whomever that has these 3 coins, you'll the man and a winner.$20,000 is not far at all. We are almost at its footsteps. The price has gone close to $18000 and is now trading between the $17k-$18k range. The CME futures are yet to start trading. I think the demand there will be higher. We could cross $20k in no time once that happens.
Stabilizing of bitcoin at certain level doesn't seems possible right now because investors don't want their market to shut too soon. I know there would come certain hurdles and restraints in the way and it will may limit the growth, but even if it will become true then $20K is too low for stabilizing because still the growth is rapid and it can reach $20K within few days. So let suppose the stabilizing price more than $50-60K, yes this could be acceptable.
I think Bitcoin price will be $20.000 end of 2017.
Possible if the price gets $18,500 before Christmas day we will see a bull that will lead bitcoin to $20,000. But for now, I'm going to take chance of the other pump that's happening in the altcoin market. While my bitcoin seats on my cold storage, taking profits with ETH and LTC is good for today while waiting for bitcoin to pump. Whomever that has these 3 coins, you'll the man and a winner.
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.
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.
I think Bitcoin price will be $20.000 end of 2017. 
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!
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.
I think that the OP has raised a valid point. However, it cut both ways. If investors see that bitcoin price is somewhat leveling, there are chances that they are going and shy away from the ecosystem. On the other hand, a new set of investors will come in because that's what they are looking for, bitcoin price somewhat stabilizing and volatility reduced.
But its hard to tell at this point. There's another bitcoin future contracts looming on the 18, we need to see how this CME offering could impact the current prices in a positive way.
You really don't get it. Like 3 weeks ago, financial institutions offering bitcoin future contracts is all rumors. That's why the price keeps getting pushed on anticipation of the said offering. And now that CME offering started, we see just a few minor price swings and the price is slowly stabilizing.
But as far as scalability is concern, LN should be good short term. What we need is a long term solution. For me LN it just like patch a band aid of sort. We need solution if we want bitcoin to be a true "P2P" as envisioned by Satoshi.
But its hard to tell at this point. There's another bitcoin future contracts looming on the 18, we need to see how this CME offering could impact the current prices in a positive way.
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.
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.
You really don't get it. Like 3 weeks ago, financial institutions offering bitcoin future contracts is all rumors. That's why the price keeps getting pushed on anticipation of the said offering. And now that CME offering started, we see just a few minor price swings and the price is slowly stabilizing.
~snip~
However, for me, LN and on-chain scaling are not enough to enable Bitcoin to be a truly global solution. A "sharding" solution like pegged sidechains, child-chains or extension blocks would be the piece of the puzzle that is still missing.
However, for me, LN and on-chain scaling are not enough to enable Bitcoin to be a truly global solution. A "sharding" solution like pegged sidechains, child-chains or extension blocks would be the piece of the puzzle that is still missing.
But as far as scalability is concern, LN should be good short term. What we need is a long term solution. For me LN it just like patch a band aid of sort. We need solution if we want bitcoin to be a true "P2P" as envisioned by Satoshi.
Why you chose $20.000? Because it is a psychological level? or a beautiful value? Last days showed that Bitcoin price is no predictable.
Beautiful value indeed. 
$1000000 is a very beautiful value, at least for me. It is not even possible that we end up seeing stability at $20000 with the way bitcoin is flying. I call it bull fly nowadays and not just bull run as it is picking up the pace without waiting for anyone and you can join the train if you like. Nevertheless, the bad thing is that most people really do not tend to understand why they are investing except for the fact that they know they will be making money. The usage of bitcoin itself is the true value and I really hope the higher percentage of people who do not know that yet, get to know. Jump to: