BTC price pretty much flat for the past few weeks. Permanent? - page 2.

pooya87

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Quote from: Washika on August 23, 2016, 10:26:13 PM

Quote from: Schuyler on August 23, 2016, 10:02:57 PM

There's no such thing as permanent with bitcoin. As we see everyday, the price still moves although not as much like the recent months. It is somehow gaining some strength again because of its slow climb towards $600 again. There maybe days that the price doesn't seem to move, but I expect to change in the next few months.

This 100% Bitcoin is one of those things that do the unpredictable in price. One day its mooning and one day its going to the shitter. Just keep holding and do some smart trading to increase your holdings

so far only the drops are unpredictable but the rise is clear. for example the last big drop was not predictable and it was only caused by the bitfinex hack and the panic it caused. but in a normal situation you can see the small drops and rises and even predict the bigger rises when you see the charts.

Washika

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Quote from: Schuyler on August 23, 2016, 10:02:57 PM

There's no such thing as permanent with bitcoin. As we see everyday, the price still moves although not as much like the recent months. It is somehow gaining some strength again because of its slow climb towards $600 again. There maybe days that the price doesn't seem to move, but I expect to change in the next few months.

This 100% Bitcoin is one of those things that do the unpredictable in price. One day its mooning and one day its going to the shitter. Just keep holding and do some smart trading to increase your holdings

Schuyler

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There's no such thing as permanent with bitcoin. As we see everyday, the price still moves although not as much like the recent months. It is somehow gaining some strength again because of its slow climb towards $600 again. There maybe days that the price doesn't seem to move, but I expect to change in the next few months.

calme

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Yeah, we can short BTC Core all the way into the ground once BTC Classic opens for trading Grin

The Sceptical Chymist

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Permanent, yeah right. OP, how long have you been in crypto?? We were stuck at $430 for something like 7 months straight not too long ago, and then we had the run up right before the halving.

We're just stalled for a little while, and the price could go down after this, for all anyone knows. But what's certain (in my eyes at least) is that prices are not permanent. Bitcoin has a lot of liquidity, a lot of traders. That pretty much ensures prices won't stay the same for long.

Gahs

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The stability in price of bitcoin will attract more investors who will pump more money into the coin, leading to an increase in the price of bitcoin. Trading will then become viable again.

calme

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Quote from: Oralmat on August 23, 2016, 04:06:16 PM

If the price remains stable and does not fall back,after sometime the price will automatically boost.

That's actually an interesting topic. Because while stability increases investor confidence, trading sideways = down.

Oralmat

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Quote from: Ayers on August 23, 2016, 01:07:26 PM

what i think is that this is another calm before the storm, we will see a pump pretty soon, unless another shitty exchange is hacked lol, you should not be worried about those stagnation imho

I think it is better for bitcoins to remain stable at the current price near 600$. This will give more trust to the investors in bitcoin and more people will be attractive towards it.
If the price remains stable and does not fall back,after sometime the price will automatically boost.

richardsNY

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Quote from: reb0rn21 on August 23, 2016, 03:31:05 PM

With the Bitfinex major fuckup, its gr8 we did not see more dumping and shit post about bitcoin being doomed

I am surprised on the BTC stability, the support could only mean in a month or two we might see easy 800+$

Nothing comes easy, especially when it comes to Bitcoin. The whole point is that there is no direction in which traders are focusing on. Support is weak, sentiment is poor, waiting traders, and so on. All this doesn't help the price in any way. I am quite sure that when we'll get to see the price recover again, that we must be happy to stay above $600 again as there is no way I can see the price reach $800 this year.

reb0rn21

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With the Bitfinex major fuckup, its gr8 we did not see more dumping and shit post about bitcoin being doomed

I am surprised on the BTC stability, the support could only mean in a month or two we might see easy 800+$

erikalui

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BTC's price can never be stable. It will either go up or down but currently, it's stable for a month like it was few months ago. The price is regulated by the people and hence it can never be permanent. Now as well, the price is fluctuating between $570-$588.

harizen

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Quote from: pandalion98 on August 23, 2016, 12:45:07 AM

Not much has been going on with Bitcoin's price for the past 3 weeks or so now. How stable do you think this price point is?

In my own view, as long as the price only reached it's max dipping value at below $550, it's just fine. Also slow movement means another resistance and support are building on the current level as long as no spoiled thing will happen like bad news etc. the price will remain roller coaster from $550 to close to $600.

In this kind of price behaviour, some can consider this as buying rate if they want to add some bitcoin in their investment portfolio.

socks435

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According to present price from few past days the price still at level 500 but there is differences price for bitcoin yesterday the price of bitcoin is low and now the price is high or sometimes the price yesterday is low than now. we dont know the price will going up and down.. because bitcoins is always running because of trading site..

MingLee

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Quote from: crossabdd on August 23, 2016, 01:15:14 PM

should the price has increased and is above $700, but the news about hackers bitfinex destroy the price. so we will be quite stable in this price recovery. difficult to predict how long this will happen. but I hope at the end of the year there was an increase in prices

The price would more than like be around $600-$650 right now if there was no bitfinex hack. I doubt it would be above $700 because we were slowly drifting downwards before that, however I doubt that there would have been such a dip in the value. We'll probably see things going up over the autumn months.

crossabdd

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should the price has increased and is above $700, but the news about hackers bitfinex destroy the price. so we will be quite stable in this price recovery. difficult to predict how long this will happen. but I hope at the end of the year there was an increase in prices

Ayers

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what i think is that this is another calm before the storm, we will see a pump pretty soon, unless another shitty exchange is hacked lol, you should not be worried about those stagnation imho

crairezx20

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Quote from: hasiramasenju on August 23, 2016, 12:07:03 PM

Quote from: pandalion98 on August 23, 2016, 12:45:07 AM

Not much has been going on with Bitcoin's price for the past 3 weeks or so now. How stable do you think this price point is?

there is no stable price for bitcoin and i think the current situations only stay before jumping down or up someday but i don't know the exact time will happened and for me just keep in my eyes to the chart to see next movement for bitcoin price

Yeah right there is not price stable bitcoin is unpredictable anytime the price can be jump in high price or drop the value anytime..
Yeah The best solution always monitor the chart the value of the price so that if the price is increasing above the price in past days better to start to buy..
Or depends what is your margin set..

dothebeats

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Permanent? Hell no! Bitcoin, though silent in terms at price at a certain point in time, still is a volatile asset and will remain as one for many more years to come. As for the recent stillness in price, maybe because of the lack of news that might affect holders and the network as a whole. A few weeks more, and surely there would be some movements in the markets due to traders taking their stance on the trading scene of btc.

hasiramasenju

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Quote from: pandalion98 on August 23, 2016, 12:45:07 AM

Not much has been going on with Bitcoin's price for the past 3 weeks or so now. How stable do you think this price point is?

there is no stable price for bitcoin and i think the current situations only stay before jumping down or up someday but i don't know the exact time will happened and for me just keep in my eyes to the chart to see next movement for bitcoin price

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: gentlemand on August 23, 2016, 06:39:51 AM

Quote from: 1Referee on August 23, 2016, 06:05:49 AM

Bitcoin is no longer the roller coaster is once was.

What I find strange is how the entire roller coaster has transferred wholesale to alts. It's not as if Bitcoin now has global adoption and lords over everything. It has more than the alts but it's still in the same boat and effectively nowhere. In the eyes of the rest of the world it's just as penny stockish as anything else yet doesn't have the corresponding action.

it is because of the size of the markets and also the amount of manipulation i each of these markets.

bitcoin has been growing and the bitcoin market is so much bigger now compared to a couple of years ago so it is "harder" to manipulate it and make roller coasters.

but in altcoin market since the altcoins are mostly premined and also small market size, the price is manipulated to the max hence the roller coaster there.

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