Topic: I don't like this stable price! - page 3. (Read 991 times)
Stable price is still good for some reason, for example you can buy more when the price is low, keep it and you'll get the right time when to sell or trade (as you wish of course). It wont get dump, just keep patient while waiting for the moment, since it almost end of the year. Just enjoy this moment, it won't be stable forever because ups-down always there to happen, trust me.
For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
Yes, it would make those merchants think that maybe it would be time to adopt bitcoin as a payment of option. And maybe not only bitcoin but other cryptocurrencies as well such as ethereum, ripple etc. It would be good for the cryptocuurrency market because it would mean that the adoption continues and sooner or later there would be mass adoption.
We would not have our hopes up however because the government would do something about it such as making their own cryptocurrencies so that they would still have control of what people are using.
This is a stable price at which it varies by a maximum of 5% it is very good, because It is possible to save money from this moderate price change in the short term and can always buy more for long term holding, because price wont go down then 6k.
Well, Bitcoin market value stability is not the only main reason for massive adoption by the retailers, business owners and institutions around the world, but its security and the issues of regulation by an authority is one of the major factors that affects the massive adoption that is yet to take place. We all hope it come to pass one day in the nearest future.
Now the market is boring for those people who want to get rich very fast. It is same as the time before 2017. The market is waiting for all impatient people to leave the market. Any one invest in bitcoin is not supposed to get rich in a short time. Holders should be patient.
This stable price range is not encouraging to.many because it has held a lot of transactions at stake.
The price is just too low for us to make good profit out of it.
I know you are also in my shoes, really waiting for a good pump as the year ends. Selling one's coin at this time is nothing else but a big time waste of acquired token.
The price is just too low for us to make good profit out of it.
I know you are also in my shoes, really waiting for a good pump as the year ends. Selling one's coin at this time is nothing else but a big time waste of acquired token.
Everybody need to realize that bitcoin will always going to pump, and the reason for that stable price was just a part of the possible bull run. However, we just have to be focused on every aspects of a better potential price which our asset always tend to have. Expect for the best and prepare for the worst, because not all the time you're lucky enough to enjoy a good profit.
However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
The only thought looming in my mind which I see here is that when BTC had been beginning to be accepted last year, it was then it has crashed when businesses begin pulling out BTC as an accepted payment method, why did they just pulled out now? Did they actually hodl it by themselves that they think that they can profit from its price appreciation instead of converting it to fiat currency right away? Now that BTC has crashed they are also are experiencing a loss from both their business as well as their attempted trade. This is one of the possibilities I have in mind on their reasons why a lot of them pulled out from BTC. 
This stable price range is not encouraging to.many because it has held a lot of transactions at stake.
The price is just too low for us to make good profit out of it.
I know you are also in my shoes, really waiting for a good pump as the year ends. Selling one's coin at this time is nothing else but a big time waste of acquired token.
The price is just too low for us to make good profit out of it.
I know you are also in my shoes, really waiting for a good pump as the year ends. Selling one's coin at this time is nothing else but a big time waste of acquired token.
Don't ever dump that token unless it has meet the standard ICO price before launched, because the potential increasing value is always their to happen as well. More possible pumps will take good breakthrough, so we should have patience all over our asset because that make our trading brilliant and challenging.
This "stable" Bitcoin price we are having for a while now and many don't like it. Still now and then there are price corrections that enable profit although fluctuations are not that big but still there are opportunities to use.
Many have expected very much from this year, hoping price will go to the moon. That didn't happen and honestly I don't think it will happen next year either.
On the other side some predictions here that Bitcoin price will go down to 3000$ or even under are to my opinion not realistic.
Many have expected very much from this year, hoping price will go to the moon. That didn't happen and honestly I don't think it will happen next year either.
On the other side some predictions here that Bitcoin price will go down to 3000$ or even under are to my opinion not realistic.
Give it time, it will be dumped down where you want it next year - maybe not $1500 but for sure $3k range. Then you can look forward to the next pump 2021.
$3k rage? Well in my opinion that's very impossible to happen. Because market current bottom price is still strongs since market growth rate keep fluctuate around 6k value. which is even nowadays there's massive declined the current bottom price still holding . So don't expect too much drop mate. 'and in my view perhaps even 4k is impossible also in the future.
I like the stable price though, this means if I can borrow money from my parents later as I have already requested, maybe I can buy just 1 more BTC before it shoots up. IF it goes down for some reason, I may be able to buy more than 1 BTC at least that a good thing still. WE all are waiting for the bulls to be back but having this stable price is good.
This stable price range is not encouraging to.many because it has held a lot of transactions at stake.
The price is just too low for us to make good profit out of it.
I know you are also in my shoes, really waiting for a good pump as the year ends. Selling one's coin at this time is nothing else but a big time waste of acquired token.
The price is just too low for us to make good profit out of it.
I know you are also in my shoes, really waiting for a good pump as the year ends. Selling one's coin at this time is nothing else but a big time waste of acquired token.
Okay, what I need to understand is why are we suddenly talking about stability and stablecoins a lot in recent weeks? I know anything Bitcoin speculation tends to go in cycles, but I thought we'd already ridden the last stablecoin wave, moved on to crypto index and stable baskets... Volatile patterns aren't going away anytime soon, and speculators aren't going to wish it away anytime soon.
Seriously, what's the big deal? We know Bitcoin is like this and we've known it for years.
Seriously, what's the big deal? We know Bitcoin is like this and we've known it for years.
Because a lot of people are new and have only been through the period of bubble-burst and not throw the period of a stable-ish (in bitcoins standard), which is precisely when the smart people are paying attention, that means, no mention of bitcoin on most mainstream local media, since they only report on bitcoin when:
1) It's going up a lot
2) It's going down a lot
They miss the long periods of a stable price, this stable price being an higher floor than the previous stable price, which as a result points to a long term bull that never stopped. Most people are too short sighted to see that and accumulate when the noobs aren't around anymore (until the net moon rocket which is when they will flock back in)
For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
Bitcoin price isn't always stable since it's inception. Until there is a hype now way it can become stable.
Since that is the scenario, we are the one who have to adjust for it. Why there are merchants accepts crypto even the price is volatile? Why there are people who are into crypto that still use crypto in some of the service? Why other countries legalized bitcoin? These kind of question is enough for you to understand that even with the volatile price of bitcoin, an increase in adoption can always take place as there are lots of reasons why people used bitcoin even how volatile it was.
You just have to trust the process.
What to not like here? Bitcoin price have nice swings, I had some nice trades in past few months. Op is a bit confused with crypto market, its far from stable and even if we have stable price it will jot be a guarantee for anything, especially for wide adoption.
Market moves depending on our actions, our trades, normally whales affect market more with their huge trades, but each of us affect it. What will happen with market, it will grow and grow. We can't expect price to be stable with so many people who trade, with supply and demand that are never calm, price can't be stable.
For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
Bitcoin price isn't always stable since it's inception. Until there is a hype now way it can become stable.
Since that is the scenario, we are the one who have to adjust for it. Why there are merchants accepts crypto even the price is volatile? Why there are people who are into crypto that still use crypto in some of the service? Why other countries legalized bitcoin? These kind of question is enough for you to understand that even with the volatile price of bitcoin, an increase in adoption can always take place as there are lots of reasons why people used bitcoin even how volatile it was.
You just have to trust the process.
What to not like here? Bitcoin price have nice swings, I had some nice trades in past few months. Op is a bit confused with crypto market, its far from stable and even if we have stable price it will jot be a guarantee for anything, especially for wide adoption.
Market moves depending on our actions, our trades, normally whales affect market more with their huge trades, but each of us affect it. What will happen with market, it will grow and grow. We can't expect price to be stable with so many people who trade, with supply and demand that are never calm, price can't be stable.
Okay, what I need to understand is why are we suddenly talking about stability and stablecoins a lot in recent weeks? I know anything Bitcoin speculation tends to go in cycles, but I thought we'd already ridden the last stablecoin wave, moved on to crypto index and stable baskets... Volatile patterns aren't going away anytime soon, and speculators aren't going to wish it away anytime soon.
Seriously, what's the big deal? We know Bitcoin is like this and we've known it for years.
Seriously, what's the big deal? We know Bitcoin is like this and we've known it for years.
For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
Bitcoin price isn't always stable since it's inception. Until there is a hype now way it can become stable.
Since that is the scenario, we are the one who have to adjust for it. Why there are merchants accepts crypto even the price is volatile? Why there are people who are into crypto that still use crypto in some of the service? Why other countries legalized bitcoin? These kind of question is enough for you to understand that even with the volatile price of bitcoin, an increase in adoption can always take place as there are lots of reasons why people used bitcoin even how volatile it was.
You just have to trust the process.
Well, Satoshi did not create Bitcoin for the so retail and wholesale people. He created Bitcoin for you & I to hold, be our own bank and trade Bitcoin Peer-to-peer. Stuff like this are pure deviation that will likely centralize Bitcoin in the long run. And once it is centralized, ideological crypto enthusiasts will have something to criticize about.
No, there is going to be adoptions. And Bitcoin is not designed to be stable. A stable price means it becomes inflationary like mere fiat.
Finally centralized/ Institutional adoption will destroy the ideals of Bitcoin because they will buy Bitcoin and sell to people just like centralized exchanges do.
Bitcoin was meant to be different from PayPal but it seems they are gradually turning into PayPal in the name of adoption.
Quote
However, if bitcoin price is not stable within a range there is not going to be adoptions
No, there is going to be adoptions. And Bitcoin is not designed to be stable. A stable price means it becomes inflationary like mere fiat.
Finally centralized/ Institutional adoption will destroy the ideals of Bitcoin because they will buy Bitcoin and sell to people just like centralized exchanges do.
Bitcoin was meant to be different from PayPal but it seems they are gradually turning into PayPal in the name of adoption.
I don't know what satoshi had in mind when it comes to retail usage/adoption, but (again assuming he was a real person and not some team with hidden agendas and whatnot) he was smart enough to know that the price would be either "a lot" or "0" in the long term, as quoted in one of his posts here or perhaps in the mailing list.
Anyway, the point is, he knew the price would keep going up, which gives an incentive for people to hoard it. Whether he saw that this would make it less interesting to use to make your groceries with or not I don't know. Im sure he did know but may not have mentioned it explicitly. The point is, your local fiat must collapse for people to spontaneously start using bitcoin out of necessity, until then, it's a better gold (which is more than enough for it to be awesome, I mean c'mon, we didn't had this only less than 10 years ago).
By the time fiat actually collapses, we will hopefully have fast, cheap transactions for retail payments, and all long term holders will be rich and ready to spend their coins.
Well, Satoshi did not create Bitcoin for the so retail and wholesale people. He created Bitcoin for you & I to hold, be our own bank and trade Bitcoin Peer-to-peer. Stuff like this are pure deviation that will likely centralize Bitcoin in the long run. And once it is centralized, ideological crypto enthusiasts will have something to criticize about.
No, there is going to be adoptions. And Bitcoin is not designed to be stable. A stable price means it becomes inflationary like mere fiat.
Finally centralized/ Institutional adoption will destroy the ideals of Bitcoin because they will buy Bitcoin and sell to people just like centralized exchanges do.
Bitcoin was meant to be different from PayPal but it seems they are gradually turning into PayPal in the name of adoption.
Quote
However, if bitcoin price is not stable within a range there is not going to be adoptions
No, there is going to be adoptions. And Bitcoin is not designed to be stable. A stable price means it becomes inflationary like mere fiat.
Finally centralized/ Institutional adoption will destroy the ideals of Bitcoin because they will buy Bitcoin and sell to people just like centralized exchanges do.
Bitcoin was meant to be different from PayPal but it seems they are gradually turning into PayPal in the name of adoption.
tired of stability eh?
12 hours after the OP: price spikes 20% on bitfinex in less than 2 hours.
we broke out past $7430, so that's the first higher high we've seen since the crash last year. i know there's some weird stuff happening fundamentally with bitfinex, but in my experience, these technical breakouts don't get ignored.
They really do not get ignored at all. Firstly, this is something that we obviously were expecting as the market has been moving inside a triangle for a while and obviously in such scenario, there is always a possibility of break out to the upper side most of the time.12 hours after the OP: price spikes 20% on bitfinex in less than 2 hours.
we broke out past $7430, so that's the first higher high we've seen since the crash last year. i know there's some weird stuff happening fundamentally with bitfinex, but in my experience, these technical breakouts don't get ignored.
This is a market, and people should get used to the fact that market will not just start spiking pretty much or just going down like that, it develops and even as volatile as the market can be, it all depends on how each individual gets to see things. For me though, I want to assume this is a good break out and let's see how this week's candle closes.
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