Topic: Bitcoin Stabilizing At $20K - page 4. (Read 1385 times)

I had almost the same thought like you, OP, when I was observing the evolution of the futures prices.

There are some indications that a stabilizing effect of the futures could be true:

1) The prices of the futures for January, February and March are almost at the same level.
2) I mean to have observed that future prices and real Bitcoin prices already have effect on each other.  The future price. as it keeps constantly above the Bitcoin price, puts a ceiling (it doesn't go above the future price), but also a floor to the BTC price (it never seems to fall more than ~$1500 below it.). When the future drops a bit, the BTC price follows, but never reaching the floor.
3) BTC volatility has drastically reduced when compared to the days before the future trading started.

However, we are in a very early stage of futures trading. That could be a temporary effect, and maybe a crash or hype occurs again.

I would be very happy with stable prices, as I'm not primarily a hodler but an user. But yes, I think it's correct to worry about the investors that get in to get rich quick and could get out when they don't get the return they expected (or if they panic).

In my opinion, Bitcoin will sucessfully stabilize its price if the scalability problem is solved and it can be used again as a currency - "currency use" gives it a connection to real values and assets. The current Lightning network advances will possibly enabling Bitcoin's use as a currency in the medium term again.

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.

I think your analysis is very right, I think in the future, bitcoin will dominate the money market. Always believe that bitcoin will replace the current currency, keep bitcoin we will become billionaire.

Even if Bitcoin is going to stabilize in the future we are too far from that point right now. A daily 5% drop or rise will be always an option in the nearest years to come. For some people, like traders, it's a good thing and for others, sellers of goods who accept BTC, for example, it's not so good. Looking back at the Bitcoin's history we can remember that there were predictions about stabilizing at $50, at $200, at $1,200 and so on. I think $20k is just another number in this line.

Hitting to $20,000 is not possible to stabilize, because way back last two months,  we didnt expect the price hike of bitcoin from $3k upto $18k now. And more speculation that this bitcoin will cross $20,000 and more by 2018 and thats a good news for all bitcoin investors and hodlers.

All investments want profitability, bitcoin will continue to rise, there is too much money to drop it.

I do not think so, it is too much for bitcoin in next days but i do believe, that its price can grow to 25K max until Christmass.

2018...who knows but it will be the year of cryptos, 100K maybe?

The price of bitcoin has pushed back above $17,000, hitting a new all-time high, so i think $20,000 will just be a stepping stone on the path to $30,000 then $50,000 in the following days.

I think the bitcoin will never stabilize, because the trade keeps going and the transaction also goes on. and it makes the bitcoin will fluctuate.

Bitcoin is a sea of raging. Nobody knows where there will be a tyrant harbor on $20000 or $30000.
We will see and future will show 

I am completely dumbfounded, why are you claiming that futures are putting a ceiling on bitcoin price growth? Why at 20k?

And why do you seem to suggest you can buy a beer for bitcoin? It is clearly not the case, as I am currently having a nice and large fee transaction that was there in the unconfirmed queue for more than 24 hours and normally the same fee tx gets confirmed within the very next block.  And in my opinion this is the very reason that the price may go deep down: when people realize that in reality they cannot do much with their bitcoin.

Not sure if I see Bitcoin trying to become stable at $20,000. I think $20,000 will just be a stepping stone on the path to $25,000 then $30,000

I think bitcoin will probably surpass $ 20,000 and reach $ 25,000 by the end of 2017. Bitcoin is listed on the US stock market, which has attracted investors and the public. This leads to a high volume of investment in bitcoin.

I agree with you, that bitcoin aka keeps fluctuating, maybe it will only be stable for a few days, and then it will fluctuate.
I see that today spreading bitcoin is on the rise, and I predict bitcoin in the next year will make great progress.

I think there will still be investors even if the price of bitcoin become stable. It can be traded with different alt-coins, and you can still make a lot of profit from that. Even if you cannot make money directly from bitcoin because it does not surge anymore, you can still make a lot of money from pairs like eth/btc, ltc/btc or xem/btc.

And maybe more businesses will trust bitcoin and accept it is as a major mode of payment.

I think sometimes bitcoin is always stable, but more often fluctuations and unstable, as happened a few months ago, that bitcoin stabilized long enough in the figure of $ 10000.

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.

yes, I agree with you, we do not know about bitcoin fluctuations, so I say that bitcoin always gives surprise to every lover.

Obviously no doubt HIGHER !!!!

Well you know when bitcoins futures will be launched I do think that they won't let it stabilize at 20k$ well simply because they are in here to earn profit so the higher it gets the more beneficial it will be for them also its CME not some other company they think about their profit first then for someone else ..also I do have a doubt if the authorities will let that happen, the decentralization of the bitcoins could prove detremintal for it.. but yes if it becomes stable it would be wonderful! We can stop worrying about the downs and hold onto our bitcoins for a longer period of time, right now the senario is really superb the growth that bitcoins are accomplishing is really commendable lets hope that it keeps on increasing.

Bitcoin price will never stable it will always fluctuatif because trader will always trade it in exchange. its not so good as currency for now but it is very good for long term investment. If you barve enough to hold it longer you will get big profit from bitcoin.

If it can help the transaction fees it would be great.
Then it can lose its attractiveness to some investors when we get a more stable price, but also attract other kinds of investors, the ones who usually buy stocks, trade on stocks, are happy with a 10% profit over a period of six months (the "reasonable" investors), I mean especially when we know banks in US will probably now offer Bitcoin to their customers, that means more "average Joe" among the holders.





Your replies are all off topic if you took the time to read the questioning of the original poster.