Do you think the price of Bitcoin will remain stable at this price? - page 2.

seramania

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

I see maybe when bitcoin correction can be below $ 30k it is natural. but if bitcoin has undergone a correction the price can go up many times it could reach the price of $ 50k I think. because this is a reasonable correction that occurs from bitcoin where bitcoin fluctuation is very large

qwertyup23

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

I remember back in 2018, prices of bitcoin were stable around $4,000-$4,500 and that price stayed for months. After the last quarter of that year, its price significantly jumped and skyrocketed from $4,000 to $20,000 but its price dropped significantly after such increase.

I do have a feeling that the price of bitcoin will become stable at this range. One of the possibilities would be that this will be the new price floor as it may increase further in the few months to come. Hence, I highly advise to HODL and to sell at ATH for maximum profit.

budi691

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no need to be afraid of losing a lot of money when Bitcoin drops below $ 30K again, because this is only temporary and will bounce back and will be over $ 40k,
and won't be long at $ 30K, Bitcoin's uptrend will continue in early February or late January,

Ultegra134

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

Nope, won't ever happen, right now, it has stabilized at approximately $32.000, and it has been like that for at least 3 days if I am not mistaken. There are two scenarios, it will either crash real bad, or it will skyrocket, reaching previous price levels again. I really do hope it's the latter, I've bought some BTC and this situation is quite anxious to say the least.

Patience..

BrewMaster

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a lot of whales have been trying to push the price below $30k for over a week now and have been failing so far. you should know that doing that costs them a lot of money so they are losing money by going against the market.
if the support holds, they soon will run out of money and can no longer manipulate the market. additionally the FUD effects have also diminished while all the misleading information is being debunked and also the weak hands run out of bitcoins to panic dump.
all that means that we can stay in this price for some time before we see another big rise.

kentrolla

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We are experiencing ups and downs from past one week as the fluctuations are really good and I guess the price will go down slowly from now because the trend is reversing which can possibly end up in down trend and I believe BTC will never entertain stability because that's how it became popular Wink

There are temporary corrections but it's impossible to see stability in Crypto market and this rarely happens only if the price goes down.

eaLiTy

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

To coin BTCitcoin as a fluctuating and stable currency in one sentence is interesting Cheesy

. You cannot predict how the market will move going forward, we might see a correction before another rally and it might even breach the current support but we might see another rally before the end of this year and a major factor goes to how the Biden government is planning to regulate the market.

roadrunnerjaiv2025

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Even with indicators, no one can tell with absolute certainty what's going to happen. But like any other currency or asset, bitcoin's price action is primarily influenced by people's sentiments, especially since the global economy doesn't affect its value much. We've seen confidence in BTC rise dramatically over the last three months. If we keep it that way, we keep BTC's price stay within its current ATL-ATH range. So, it's basically up to us, the miners, and the large institutions that hold most of the existing BTC.

DapanasFruit

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Nobody can be certain as to which Bitcoin will really go -- up or down especially as we are heading towards the end of January. There remains that fear among many that after the bull run there can be a crypto winter. We are hoping that it will not happen as many can be discouraged after tasting its rise as we recently experienced. Hopefully, the influx of institutional money will never stop coming in for Bitcoin which is now getting a name as a digital gold. As of the moment, all we can do is hope.

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

At the moment there are chances that the price might dip a bit to retain the bullish momentum. It is possible that the price might hit $50k at the end of 2021 or early 2022. No one at the moment can predict with 100% accuracy about the coming market trend as new trends are forming which are different from existed trends.

Marvelman

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I believe the price will remain stable. This moment, it was about $34,000 but by the end of this year, I think it will be $50,000-$60,000. By 2023, I can easily imagine it to be $100,000. However, as a small investor, it is still worth it to buy Bitcoin because it does have much potential to grow.

freedomgo

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No, bitcoin has not been stable yet though we can see that institutional investors are already investing.
The norm of bitcoin is its volatility, and I don't think it will be stable anytime soon.

At the current price, you can always think the possibilities that it will pump or dump.

Bitcoin could reach $100k or drop $10k, anything is possible, as to chances, it's hard to gauge it honestly.

Clark05

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We can maintain this price more than 30k dollars of people are keeping investing and holding but sad to say many of them now are selling the bitcoin so price is dump ans the pumping is hard to process because of that. Maintaining price is easy if we are united as one to hold it and believe to the bitcoin that it can increase more and we can make a new ATH this year don't lost this opportunity because it's takes year to us or we wait longer to achieve again bull run so it's not good if we dump it easily we need to maintain the value so we can earn more profit.

irixo10

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If the price of Bitcoin is stable, how can you make profit? Take a look at stablecoins, does holding them bring any profit? I think not, therefore in order to make profit from Bitcoin, it needs not to be stable, you can be a long term holder, short term holder or a trader. Also, there is no way to ascertain if the price of Bitcoin will continue to fluctuate within that price or not, because the entire market can't be predicted, and since it can't be predicted there is no way to know how low it will go or how high it will go; therefore if you want to invest, invest with a fund you can afford to lose such that if the price goes lower, you will not be disturbed and if you are ready for long term, then decide when to buy because Bitcoin has shown again that long term holders always wins.

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

Bitcoin is moving within a descending triangle and this is a bearish pattern. The more probabilities is that bitcoin will move down from these levels and may break the 30K support level. But i cannot say this with surety as we are in bull market so we can also pump up from these levels also.

tranthidung

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.

Bitcoin might have a slightly stable price in next 7 days before big changes come. You can see it with 1D chart and some indicators.

Also can be seen with BTC.D and OTHERS.D (1D charts). They will stay around their positions in next one week. Altcoin dominance (OTHERS.D) is reaching the resistance and Bitcoin dominanc is almost at its good support. Altcoin dominance can increase more before get a pull back but a slightly stable price of bitcoin is enough for them to take off.

Other indicators show they might remain above upper band or lower than lower band for a while (up to around 7 days) till the end of January or very early days of February.

death69

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BItcoin is currently volatile after a long shot and therefore, stability hardly exists in bitcoin. If you want a more stable asset, gold is your perfect choice

If I were you, I would invest my money in bitcoin without hesitation. The price is now around $30000 and it is an affordable price so as for investors to join. Whenever the price is lower, sharks will come in and collect more

cryptoaddictchie

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

No fluctuation helps on gaining profits on taking advantage of the market up and down. Well for some whom knew when to entry and when to exit this is really profitable. I've been seeing a lot of users easily can make money out of altcoins and bitcoin with the volatility. I think bull market is really that good even not using TA and fundamentals some coins and tokens can really do a good pump.

maydna

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

We already experienced that the bitcoin price was down below $30k a few days ago, and suddenly, the price is back to the high price again. Now, the price is traded at $32,600, and it could go down or up again. You can make a good profit if you already bought bitcoin below $30k, but you can hold for more and sell it when the price can break more than $35k. As long as people can anticipate when the price goes down, they will not get a big loss, but they can buy back bitcoin at a low price. It is possible to make a huge profit, especially if the price can break $40k-$41k, and if the price can start a rally in the next week, it could be a good sign for bitcoin price to break the higher price. So we can wait and see it later.

blckhawk

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Quote from: rokon1234 on January 24, 2021, 12:56:45 AM

For some time now I have been seeing the price of bitcoin fluctuate between $30k to $40k.If it is stable,I think it is possible to make a good profit.But, I wonder if the price of Bitcoin will suddenly go below $30k then many people will lose money and if it goes above $40k, I think it's possible to make a huge profit.

What are you thinking about this?

First of all, it's hard to predict whether Bitcoin is going up or going down, and all we can do is to speculate. Currently, we are now hovering around $32k and no one exactly knows if it is going to below 30k or will go up again in 40k. Besides I don't think people will lose their money if it goes below $30k unless they panic and sell on that mark, however, if they hold it for the meantime I think they'll be fine 'cause I don't think whales are planning to make a profit right now. I believe that they will push it even more. That is why if it does go below $30k, you should take the opportunity to buy.

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