Topic: I don't like this stable price! (Read 991 times)

For some people, indeed, a stable market is not good, because when the market is stable, we cannot gain momentum from significant price movements. For a trader, it is very important because with conditions that often change, it is an opportunity to make a profit. This cannot be ascertained and of course everyone must have their own interests.

I would love this stable price rather than seeing it falling. I don't think falling in the last quarter will happen especially there's a BAKKT on 12th of December where others expecting it will cause a rise. It maybe a good oppurtunity to buy if fall occur but I love seeing at a higher price because I just mainly sold.

I agree we have to wait for few more days, I never thought the price of BTC will go such a low in the last quarter of the year. This is a wonderful opportunity to invest in coins as the prices are cheap.

It's already written on the records that bitcoin's all time low this year was only at 5,000$ mark and a even a pullback to 4,000$ is unlikely to happen. Instead, bitcoin has put a thrust on its cap and price reaching to 6,000$ mark until now.

Yes everything depends on market demand and supply but it can be manipulated by whales for their advantage, let it be pump or dump whichever favors them, But the stable price will actually attract more investors as many mainframe investors are bit hesitant just because of volatility.

The unstable price invites speculators and investors and if you ask me, I'll say frankly that the use of bitcoin in day to day life is pretty limited and that's mostly due to its pretty high confirmation time to get the transaction confirmed, whereas ethereum and many other altcoins are way faster than bitcoin and can surely be used for the daily needs. And in fact the appreciation of price of bitcoin is the main reason why we are here as it have outperformed many great stocks in the past year by a great margin.

There are other stable coins that can be used for trade online, I wonder why Tether is not used. It is more difficult for bitcoin to shift ground on the use as online exchange though it was one of the main expected features if it was stable. It should ring aloud that it is now an asset and other coin should serve this purpose as a stable coin use for trade.

We always want conditions of our own choice but actually it is not up to our wish but up to the demand rate that brings increase in price or may be decrease in price also occur whenever the demand rate decreases. However, stable price is good for us but again I will say that it is up to more participation and nothing more that help grow the market as well. The price will soon follow the uptrend if we participate in it because the more the demand rate increases the price will also.

I think it will wait for the time to come if the beginning of next year the price of bitcoin drops below $ 4000, at least my price analysis is right, well at least it also gives many people the opportunity to buy cheap bitcoin in 2019, I also don't like stable prices like this

Well, for the holder, it is likely a disadvantage because their stuck. But for the traders, this is probably the time to buy and sell due to the small fluctuation especially those who are short term traders. Better to divert some of your asset to altcoin and do the trades if you want to at least gain some good amount.

Bitcoin is generally not for making money but for use as our local currency. If the price is not stable, it’s not a problem; you can hold your coins for more time and don’t be panic about the price. This volatility is good and profitable for many traders. You can also make money in this situation. Continuous growth for bitcoin is not good for new investors. Many people cannot buy in high price.

The market itself isn't struggling, but more so those who are craving for the price swings crypto is known for.

In the end, every smart trader knows how to exploit even the smallest movements; it all comes down do how comfortable you are with leverage trading. In the regular markets (Gold, stocks, etc) traders don't know anything other than leveraging their positions, because it's not worth trading on a 1:1 basis. It's time for people here to accept that and move on.

Realistically speaking, the stable market is nothing more than a representation of how people feel; they aren't bullish, nor bearish, so why should the price do anything?

Loads of discussion going on with this topic, honestly I am desperately waiting for a change in market as it is still struggling. Stability should be there when the market is in red but not in the last quarter. However there will be something for a good reason. Lets wait and see.

Only with this price instability, it's possible for us to buy at low price and sell at high price. This make us to get some profit from it.If the price of bitcoin and other cryptocurrency is stable like gold,no one will prepare the cryptocurrency.They will choose the Gold and silver , instead of bitcoin.And bitcoin price will not reach the price of 3000$ again.

You will not have to worry about all this annoying stability for very long with all this crazy tether stuff that might be happening in the future if any of this is true you will run to the stability of fiat im sure.
it is probably time to stop wishing for insane swings and time to diversify into safe things like gold or fiat so you have money to buy back in during a huge crypto crash!

Nothing is impossible but even if it does, I see no problem in that at all, as I just believe it would be a good time to just be getting into the market more, which is all. I still have the feeling though that we will get to see a huge shake out in the market before we will even be able to think we have reached the bottom and in that case, we will see the volume kicking in real big.

Stable price at the moment is just the market trying to pick a struggle and for what it is worth, however the market tend towards, it will always be an opportunity for huge gains or buying lower. People who do not want to lose their current worth of coins, ask for stable prices as no one will not wish for upward volatile prices. OP must be one of them.

Stability after a huge fall is a good sign and an indication for a good growth if not as big as spiking to the moon. Slow and steady growth will certainly strengthen the market if it's not returning a good turnover. Hence, just wait a bit. There will be a start-back. Every fourth quarter had shown it's peak every year in the past and we are moving forward at its directions. Market will be back bringing back the right investors into it, this hence hold back your coins. Will see a good result.

Stability is key, but not necessarily in the current adoption layer. We're still at the point at which people use Bitcoin for speculative purposes rather than currency (money) purposes, and that definitely needs to change.

Stability in current times isn't even needed with how Bitcoin isn't capable of functioning as money for the masses, because it doesn't scale to that degree. We really need lightning network up and running globally for that.

The massive adoption you are referring to will come as we go through more bull runs like what happened last year. Bull runs are adoption boosters because you need something to attract people's attention and interest with.

Do you think you think that the mass will come without bull runs?  

I even have a different view with you, if the price of bitcoin is not stable then every adopter will think thousands of times to accept bitcoin either it is used as a payment system or other tool. Unlike if bitcoin prices have a stable price, each adopter will have a view that the price of bitcoin is not volatile and is worth adopting, for example, for payment systems, then each merchant will easily accept bitcoin.

We need stable bitcoin for massive adoption dude! Stability is the key of success for a currency. I love when bitcoin is stable.

Bitcoin is built upon deflationary model. This will prevent bitcoin from being stable at a particular price. Because if the retailers start increasingly accepting Bitcoin as a means of payment, the demand will automatically rise which in turn will raise the price. Yes, with time volatility could decrease but price won't be stable for sure. Regarding present trend, market is moving sideways which is the most boring part of any market.

Yeah, no haste, just take your time and be picking the dip bit by bit most especially when a market is in a downtrend and making sure that until there is a clear signal for a bullish movement, you really want to be having some free cash hanging around just in case it goes lower. One thing I have always known is that when you are picking the market from the bottom and putting your mind and focus into the future you will always be at advantage as you are not doing what normal people are doing when it comes to market trends and that would always give you an edge, more like the same edge the institutions have.

That is the real fact that we all crypto adopters must need to accept. In other words, it is too early to think about stable prices for bitcoin. But in reality, must get prepared to experience a lot more volatile markets in coming days when more new investors will join this world of new investment opportunities.

Bitcoin price will never stable because the price depends upon the investment cap and investment cap cannot be the same all the time. Some people withdraw and some put their money in it. Therefore it is natural that the price will up and down with demand investment capital. You should not worry about the price of bitcoin at this point. It is also quite well.

Well if you talk about stability, it has been dancing around that 6.5k range for quite some time now, probably more than a month already. Though of course it's too early to assume that this will be it's stable price as there surely will be a major movement pretty soon. After a gruelling bear trend most of this year, i think this movement would prepare us for what's going to happen next.

Biggest hurdle was higher fees. But those were only few months. Now with Lightning that should stop. It just need some time and Bitcoin have time. Because 2019 will not be year of a hype. So Bitcoin infrastructure will have peaceful year to expand. All is perfectly on track!

Exactly, and by stability I am sure what the OP is just busy implying is what is going on recently with the bitcoin market trying to find a direction which is something that would not last for long and it is pretty normal to get to see it happen once in a while after the market has hit a solid support.

Apparently, not everyone understands the market in a way that they can even understand some of these things we are saying. Like you said however, volatility is not something that would be reducing anytime soon at all and we still have a lot of volatile experience coming up even as the market keeps growing.

The market moves quickly I know, and it's caused by our actions and other users, the whales too. but in my opinion stable price is there, but only in a short time. do you think the price spinning in the range of $6400- $6500 in the past few days is not a stable changes ?

I really wonder! I think what majority of people in this space are always eager to see is a bull run, but they need to realize that bull run will not just happen overnight as it technically develop. This is presently a market trying to find a direction and it is either the bulls win or the bears win but only time will tell.

Not like a stable price is just something that I believe can only come out from a novice head that have no understanding of the market. It is a normal thing to experience once in a while, and it is also a normal thing to be patient to see the direction the market goes afterward, but one thing for sure, we are not even close at all to experiencing stability in this market.

Who the hell thinks about seeing the prices of $ 1500 and $ 3000? Now about $ 20,000, this will be possible in the future, it may be at the end of next year or early 2020.


true, but bitcoins are limited and if we compare how many people there are in the world and how many people have bitcoin, we will realize that few people have bitcoin, if we have too much demand the price will increase a lot, the bitcoin volatility will be very high. I believe the price of bitcoin will be stable in the next 10 years when many people have bitcoin, at that moment we can use bitcoin as a means of payment.

We want stability in the price but not in low market, it should be in a normal market rather than low market stability we usually like a high price in the current conditions.

Those who have bought Bitcoins they have to wait till high market because we were expecting a quick recovery and it took long to recover around 8 months so new investors should also think about it that it is not something that give you huge profit in a short time but you will have to wait for it.

Bitcoin reaches to 3000$ and 1500$. It's absolutely impossible if this year. In the future, Price of Bitcoin will go to the moon in the year 2019. Because, Recently, Price neither not increasing also not falling. In next time it makes to big jumps.

^^ Regular buying is the smart thing to do I think more then expecting a particular price just commit the money that might have been used just today to be spread on buys over the next 12 months.   This is possible now with lower fees and the point is that BTC is very unexpected technology by most of the world and we have extreme build ups in finance that can surprise everyone.   
2018 now, sits 40 years after Nixon removed most of the world from a gold standard and yes this relates to crypto.   Its the tail end of a bullwhip crack, the dynamics are not imaginable.   The crack comes from supersonic boom occurring incredibly.     
If you described crypto to people at the start of the century they would not have believed you and they still would not have invested


Dont borrow to take part in crypto, the price can go all over the place like a bucking bull and you will be thrown just before it takes off at a great pace.    I think its very possible for price to spike downwards before rising sharply, like a richter scale graph in an earthquake

None of us do but it is certainly better than dropping in price. The thing people forget about the stable price is that it was followed by a bear market, so if we did not have the stable market do you really believe we would just drop and than increase all of a sudden? No that wouldn't happen and the price would have gone down even further.

Hence I believe this stable market was needed before we got back up and increased in price again. So I kinda enjoy this prices because it means I can buy more from these prices, longer it takes the more I can hoard and the more I hoard means the more profits I will have when the price goes back up.

I would love stable price only when i have a lot of ether and bitcoins. Having volatility is the way to arbitrage.

Just take the positives side, at least there is no drop in dip right, after all a stable price is actually more profitable because you are easier to memorize the price patterns that occur and you can achieve to make use of it, smart traders are those who can take advantage of any market conditions..

We always need to be stable before increasing its previous value, bitcoin should become stable before increasing to new high value. Bitcoin is always the dominant currency which makes us make more money when the bitcoin price starts increasing again.

Probably it will decrease mate, and that's good to have that certain stable price while weren't yet establish good market. It brings more opportunities for another planned projects which will start to boom, because some team ups that has been running might not gain good results on their roadmaps.

The more stable the price, the greater it allows planning.   I believe it certainly does raise involvement from a range of busines when the price is able to stay flat like this for so long.   The time frame of planning available with a relatively low range of prices means rapid changes to profitability dont occur.

A flat price could possibly decrease costs to business and uncertainty to feasibility studies for project investment within crypto

Come to think of it, people say that when bitcoin's price stabilize, more people will start using bitcoin. Well, it has consistently been in the 6000USD mark this year, why aren't more people joining in? Do you think maybe it's not the price that's the problem, but with bitcoin awareness? Or is it still the price?

Most speculators don't like the price to be stable because they make their money from up and down of the price ,however other investors are waiting for the price of bitcoins to be stable before investing in it.

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.

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.

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.

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.

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.

$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.

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)

Yeah supply and demand is certainly is the factors of price  movement, and the results of traders movement's, but usually when the big whales will create a big splash of the prices, if you are trader you should also have a sense lf predictions and know to analyze the price trail.

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.

I think most bitcoin users don't make a problem from the fluctuations, because with that they can gain profits quickly, and you know bitcoin adoption is normal even though fluctuations exist. but the problem here is that prices sometimes stabilized, and now stabilized in the range of $6k- $7k for a long time, and I don't think retailers will accept bitcoin just because prices are sometimes stable

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.

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.

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.

it's even worse because consumers have incentives to use credit cards over bitcoin: credit cards protect them. bitcoin doesn't.

with credit cards, if a merchant even hints they're going to screw you on damaged or defective goods or services not rendered, you can just charge back and easily recover your money.

then there's cash back, frequent flyer miles, etc. it's tough to compete with that.

I actually can see it happen at some point in the future. It will however come down to how well the lightning network functions, and how the current routing problems will be taken care of.

Bitcoin as decentralized protocol will never be able to overtake the usability and convenience that fiat offers, but we can definitely expect a tremendous improvement making it catch up on fiat more than central banks are comfortable with.

At the end of the day, people should be using that what gets the job done in the most efficient way. For some that will be fiat, and others really need that what Bitcoin has to offer, especially in third world countries.

Neither do I, didnt really see a reason to spend out my BTC just for a thing that i can easily purchase with fiat since we do have in mind that BTC is more worth to be hold on.

Anything is possible with bitcoins price even its already unbelievable to got below into that price points there would be always a tendency yet theres no such bottom price when it comes to it.
We can somehow conclude some stuffs because we have seen theres a strong support on 6k but that isnt a guaranteed thing.

This is a good signs that we need to focus on for now, and for those have the proper understanding on zero risk its time to build a confident ways to handle your trading motivations. Even though stable price doesn't actually raising faster increase in the market value, still we see progress between digital and fiat exchanges eventually synced in and out. That's merely a good signs to visualize for further profitable changes.

ha no $3k or $1500 is not gonna happen. I don't know why anyone would think that would happen. The market has been very clear all year that $6000 is the bottom and any price below that is unacceptable to the market. $6000 is the firmly established bottom of the market, if you want $3000 or $1500 you should have bought the first half of last year.

The price of Bitcoin isn't stable, it is just in the relatively stable phase as it transitions between bear and bull market. This is normal and to be expected. The bear market has ended, the bull market won't begin for a bit longer (maybe by end of this year), so in between the bear and bull forces are cancelling each other out and we get a fairly stable price at the bottom of the market before the next long incoming bull run begins.

I don't know if that's true or not.  If a merchant is using a payment processor like Bitpay, the processor converts the bitcoin payment into fiat immediately so that the merchant never has to deal with the volatility risk.  Merchants don't particularly want to own bitcoin; they want fiat, and understandably so.  For one thing, I would imagine it makes doing the bookkeeping a lot easier than it would be if they held onto crypto.

You said it better than I did.  The point is that bitcoin doesn't really need to be stable for it to function as a currency, at least not from a merchant's standpoint.  But for the customer who owns it, there's always a potential opportunity cost associated with spending bitcoin--you risk spending a currency that could dramatically increase in value the minute you spend it, and you lose out on the profits you could have made.  I think that's what's keeping a lot of folks from spending crypto.

I fully agree.  I'd have a hard time convincing myself to spend bitcoin for something I could just as easily buy with fiat.  For me, bitcoin has always been for keeping.  Cash is for spending.

Most retailers that sell in Bitcoins automatically exchange BTC fro fiat money. There are plenty of such services. So they carry zero risk.

Interesting. I see your point, but I was considering the case in which retailers have to deal with customer returns on the daily. For example, Amazon. It's nowhere near their interest to use Bitcoin in my opinion because they'll need to deal with returns as well as selling small items. When it comes to small items, the profits can be so tiny that even the fluctuations in BTC can end up being a devastating loss for them in the long run. When profit margins are so small, isn't there a caution to be taken with accepting Bitcoin?

I might be looking at too much of a narrow subset of retailers, but in general, when companies deal with returns, it's in their best interest in giving the customer a reason to come back to shop with them again. In this case, if a retailer takes the motto of "the customer is always right," then I could see a decent amount of people trying to exploit this for their own good, using the fluctuations in prices of BTC to their advantage.

I do see the issues that customers would have with it, but in general, I don't think customers worry about larger retailers and stores scamming them of their money -- that only really happens with smaller one-to-one exchanges.

Again, I may be thinking of a completely different scenario, so thanks for bringing your point to light for clarity again!

It's absolutely superb for retailers - no chargebacks, permanent settlement within an hour or so and can be accepted worldwide. It's consumers who have no incentive to use it at all. Retailers would have to heavily discount to entice non believers and the margins aren't there in most areas.

If you think Bitcoin is ever at a stable price, you're in for a surprise. Take a look at the stock market. In comparison to Bitcoin's growth and falls, the stock market is as sturdy as a rock even through a majority of the recent gains and drops. I think retailers and wholesalers are smart. They understand that Bitcoin will never be truly stable, and that's why they're nervous about getting into it. Most people who accept Bitcoin are probably individual's self-made businesses. 



I mean, I expected it to become an every-day currency for the things I did, and to an extent it worked well for that (buying/selling goods and services online, on steam, etc.). However, for the general public, I doubt it would work out. I agree that there will always be something about BTC that retailers will find to deny working with it.

The plain truth is we are not even close to the point where we will get to have any serious stability yet and maybe after mainstream adoption, we may begin to start seeing the possibility of it. We are still in the early phase, and even though the market has been moving sideways for a while, that just shows a market that is trying to find a direction.

I guess from the break out we just had, we would not need a soothsayer to tell you afterwards, which one way or the other, the market will always tends to pick a direction. At this point, I do not think there would be a possibility of a pull back to that extent, at least, getting the market to close weekly above $7k should be a good sign and if we peradventure scale through $8500 to $8800, then we may see the possibility of attaining something higher before the end of the year.

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.

I don't know who are these people who're speculating absurd things about bitcoins touching such low levels, these people I feel have associated bitcoins with those shit alt coins which experiences such dumps. I don't think bitcoins and stability to hand in hand, and even a novice trading in bitcoins knows it can never be stable, I don't think anyone cares whether the wholesale people come in or no, as you cannot expect bitcoins to be a subsitute for your daily currency, it's prices are never going to be stable enough for that. Also it's pertinent to note that adoption in bitcoins has always been high irrespective of the stability, network fees or the fud, it's value has kept on increasing.

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.

if bitcoin was only for "speculation and trading" then its price would have declined down to that $100 by now because in that decline there is a lot of profit to be made by "speculators and traders". but as you can see that is not happening, why? because bitcoin has another usage and that is being a decentralized, boarder-less, censorship resistance currency and that gives it its value.

you can check the market reaction last year (for example prior to August) when fees were rising ridiculously high, scaling solutions were being rejected and bitcoin was losing its "currency" aspect because of that. price was declining and couldn't rise. and as soon as scaling solution moved ahead and there was hope for bitcoin staying a currency and having a better future as a currency with things like LN the price started rising up again and we saw ATH.

Because they really didn't understand that when bitcoin's price goes from $0.1-$100 it has become more of a store of value and a speculative asset and now its pretty obvious as the price literally goes to the roof specially in 2017. There's a whole lot of debate whether bitcoin is a currency or store of value, but I'm leaning towards the latter because just because this is what I'm been witnessing in the last 2-3 years. Well I'm been using bitcoin as medium of exchange for quite some time but its becoming more appealing to those investors as it provides a viable instrument to get away from hyperinflation or even capital controls.

anybody who has been speculating this, has no idea how a market works. and many of them have confused bitcoin with pump and dump shitcoins. they look at them and see they are pumping from $100 to $1500 then fall back down to $100 and think bitcoin should do the same missing out on the biggest difference which is utilities that bitcoin is providing and the "real" adoption that it has versus the only usage of those shitcoins which is speculation and pump and dump.

wrong.
the reason why it will never happen is the "real demand" that bitcoin has.
the stability right now is only showing the accumulation phase https://www.investopedia.com/terms/a/accumulationphase.asp

wrong again. we have seen adoption growth both during the most volatile times and the most stable times alike. in fact one of the main reasons why bitcoin price shoots up fast and big is exactly because of that adoption!
as an example you can take a look at the large scale merchant adoption in Japan last year when they accepted bitcoin as a "legal way of payment" and then removed taxes on it too. that led to a huge price rise and the rise led to more adoption and more rises.

All these guys saying all the time how "we need a stable price to increase adoption" get exposed when the price is actually stable, but guess what, people keep using bitcoin mostly as a gold alternative, which means we must put store of value as number one priority.

I haven't studied this data deeply but I would like to see some correlation charts of periods of time of stable price and % increase of use in retail. I would guess that there's no correlation at all because as I said, people will hoard bitcoin regardless and keep using fiat which is the deprecating asset.

For bitcoin to replace fiat it needs to become everything, people must think in terms of bitcoin and not dollars, euros or whatnot. We are still far from that, but we don't really need to get there to see massive price increases.

Sorry but if somebody changes from BTC to USD because of 2% Profit generated by banks he never understood the intention of bitcoin.
Bitcoin is a POW coin not a proof of stake, where you get reward. The "reward" is that its getting harder to find some so its more expensive to create new BTC. So there always will be a price for hash and indirectly for bitcoin.

Price stability sounds good. Waiting for the next mass adoption.
We are just at the beginning. Its 10years now.
WWW was invented in 1989 by CERN so we are in 1999 now.
Just imagine you are online with a 56k modem paying per kb Data. Thats where we are now. 

"The price is unpredictable, there's an active disincentive for people to spend it, it's hard to secure."
-Sounds like surfing the www in 1999 

" I just can't see them buying their tampons with it. "
-Yeah not really possible buying tampons online in 1999. But today you have amazon. So in future they will use a payment channel to buy their tampons if needed. 

Looked at entirely unemotionally, Bitcoin is basically a really crappy idea for any kind of commerce. The price is unpredictable, there's an active disincentive for people to spend it, it's hard to secure.

The use case that can't be matched by anything else is its incorruptible nature, portability and fixed supply. That's more than enough for a significant chunk of the world's population to want to sink some money into it. I just can't see them buying their tampons with it.

If bitcoin were to remain perfectly stable with fiat from here forth, then what would the point of having any be? Banks pay about 2% interest these days, bitcoin holders get no interest.

I agree that if the price can't be stable it will be difficult to be adopted by the store but it will be difficult to make crypto become stable, crypto is a decentralized currency the market will keep on moving and caused the price repeatedly gonuo and down, maybe a mass adoption could decrease the volatility, but it can't be too stable

Its a predictable blow by blow rerun of previous bubbles because of the halvings in supply every 4 years. The only thing that is going to stop it is a failure in significant use cases.

Does anyone honestly expect it to become an everyday currency? I never have.

I expect merchant options to continue contracting until options are possibly narrower than they were in 2014/15. If it isn't current boredom now it was the incredibly high fees and network cloggage when things were hotter that turned customers and merchants off.

If Bitcoin ever becomes vast and vastly more stable then perhaps its use for payments will start to increase. Until then it's going to be an extremely variable sideshow.

Stability might look like it's needed to attract that type of adoption, but we're proven wrong with how payment processors experience record lows in terms of actual revenue and usage.

People aren't comfortable spending their coins during stable time frames, especially not during a bear market. Every corner of the industry is suffering from it and there is no way to stop it as long as we aren't going up.

Most of the spending happens when the price moves up with how easy of an option it is to cash out your coins without being taxed. In other words, we're far from our ideal picture where Bitcoin functions as currency.

There could be a whole lot of nothing ahead of us before a decisive direction is taken. As it stands we have no real idea where we're at in terms of boom and bust cycles especially as for the first time traditional markets are looking pretty weak.

There seem to be a lot of people expecting a blow by blow rerun of previous bubbles which doesn't seem realistic to me. This was one was way huger than the previous one with a ton more people and a ton more hot air yet to blow off completely. It would be nice if this was the boring endless sideways phase before an eventual slow rise again sometime in the next year or two but that all feels a little too neat to me.

Could it be a chunk lower in 3-6 months? I would not be shocked. It seems inconceivable to some now but I've always been amazed at the speed that something formerly inconceivable becomes the new norm within a week or two.

If Bitcoin does not get dump to that level next year or two years later, the probability for it to get dumped to around that level is 0 because miner expenses are huge, and i believe peoples won't let them off too far. Even if when manipulation at its finest, they probably won't let them away because we need them to run the chain.
also lately Bitcoin did not react as it used to be when FUD comes, that means peoples were good enough handling their emotion when that thing happened. But the problem here is manipulation, Bitcoin gets manipulated so heavily. There was no news happening but the price went down, it's like someone trying to hold its horse and force it to back off whenever it started to make a recovering.

Stable price is still good because you can buy more bitcoin now and once the price increase you will earn profit. I don't think the value will dump with that price. And Im sure of that even not this year 2018 bitcoin become 20,000 atleast next year 2019 they will hit that again .

That's way too far to happen if it will ever dump because if you can see how bitcoin reacted to every FUD or let's just say someone was manipulating again to the prices of bitcoin. It just moves too slow and yet it was still recovering so as you can see the stability is beyond normal because it isn't stable yet.

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.

A pullback of $1500 is not gonna happen, And bitcoin is not stable at all and it's not gonna happen either  until we can see the  last block get mined it is just moving in a slow pace whether it is up or down, But in a stable price just like fiat currency is not bitcoins vocabulary at the time, Well that is why many banks don't consider it in their adoption list, And so many don't seems to like the bearish market at the moment however I really think we can sure see a pump in the near future so for now make your way in acquiring a lot of bitcoin for now.

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.