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Topic: Is $6000 to $7000 the stable price for bitcoin? - page 4. (Read 1063 times)

hero member
Activity: 2702
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It would be considered stable price with the market trend we have today. Basing on the people's reaction once btc drops below $6k, panic begin to fill the air, and when btc passed beyond $7k, they're assuming the bear to visit the market.
Stability depends on the market trend of support and resistance. What we have right now is a perfect example of stability.
full member
Activity: 1064
Merit: 112
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
yeah because 6k is the bottom of bitcoin which the reason why it didn't got dip because of strong support . It's been months now actually since bear market season stay in the market .  But that resistance is so hard to break even though  market experience a drastic volatility anf fluctuation.  
hero member
Activity: 729
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There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
I think it could be like that, and I am do not mind. But also I hope that there will be some pumps, some "tothemoons". And also I like 10,000 more.
hero member
Activity: 1148
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That is what we are witnessing now and to make things easier to investors I think bitcoin remain around $6,000 and $7000 is highly advisable.  Many investors are going to come into the market because of this and the retail and wholesalers will using and adopt bitcoin if the price is table.
A lot of investors are actually looking within this range to want to get in, as we have seen the way the market has acted for a while between this zone, but at the same time, we also have to realize that this is an important zone that could really tell us the next move in the midterm, as we have been trading inside this descending triangle for a while now and we are trading directly close to the apex of it. Where the market moves next either upward or downward is what would determine where we are going next.
hero member
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There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

Obviously yes you can finalize though as of now. The trend is really welcoming. Such trend has created a good vibration amongst investors as well. Yes, they are now sure of minimum turn over if they invest in bitcoin trusting they wont loose their capital making sure the turn over would be much decent if not too high. The stability is seen. 2017 was crypto's historical year and we can say 2018 can be considered as a historical year of price stability. Every new trend keeps crypto on height in the currency market drawing more investors every day. 
hero member
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For what I saw, when the price went down, it always stayed up from 6k. What I think is that people think that bitcoin worth more than 6k, so who have bitcoins dont want to sell them at that price so they hold their coins. Now I hope bitcoin price will start to go up during the next mounths and also in 2019, good days are coming.
Is that what we all aiming for but sadly crypto isn't listening to us.  Having a price bracket from $6k -$7k is same to be good price for me, isn't that much enough so people who are limited capital to start with will be given a chance to take part.
Current value of Bitcoin is 6548 US dollar which is still a low price as compared to the normal value of it so we can invest as much as our ability is. Yes, the price has been stable between 6k dollar and 7k dollar but think this has taken a long time and soon we will cross this stable price and I am sure it will start increase trend onwards. If we buy right now then we will get it using low amount and it will benefit us the most if we hold it till high market.
legendary
Activity: 1302
Merit: 1000
From many days i am absorbing the Bitcoin market and Bitcoin price is very stable at the price 6000$ to 6600$. Which makes me rethink whether it is going to be stable at that position because the more it stables the real price can be achieved.
sr. member
Activity: 588
Merit: 250
yes you are correct that the price of bitcoin this year is likely to be stable at the price of $ 6-7k and it seems very difficult to be able to return to high prices again because there is no good news that can trigger investors or whales to buy coins. I also see from the graph that it seems like this year bitcoin prices tend to fall.
hero member
Activity: 1232
Merit: 738
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Well looking at the current trading trends, we can say $6k to $7k can be considered as the stable price of Bitcoin for now but i see the market price of bitcoin going beyond $7k before this year ends.
yes I concur, somewhat stable price for now... stable in a sense of short term price (last 3-4 months)
the price of bitcoin in the first semester 2018 was moving downhill,
but the second semester shows very strong support at $6000+ and pushes upward gradually
I'm seeing higher support now ~$6500 and hoping it continues to the end of year to ~$7000 level
legendary
Activity: 3108
Merit: 1199
I can't seem to tell the exact date or month for that stabled price of bitcoin but aren't we already in a stable price. Like, look how this price still staying for more than a month and still it doesn't change or even break the resistance. Those who predicted $20k for this year seems too impossible if this continue until december. Undecided
.No one can definitely seem to tell the exact date or month that a market will end up becoming stable, moreover, the market cannot be stable as it will still keep being within that fluctuation zone, even though it is moving sideways and as we are seeing it, currently between the ranges the OP mentioned. For now, we will just have to see what October may be holding and if possible we will be in this zone till the ending of October or the market would make a decision before then. No one can know how bitcoin would be in the long run, but since we are still in the early stage, there is still more room for growth in the long run.
sr. member
Activity: 1330
Merit: 291
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
One cannot be certain as to whether at its current market value is the stable or equilibrium value of Bitcoin  because anything can happen in crypto currency market in the nearest future particularly if the the market manipulators resume their usual activities Bitcoin market value may move higher than $7,000 in time to come.
full member
Activity: 759
Merit: 105
I can't seem to tell the exact date or month for that stabled price of bitcoin but aren't we already in a stable price. Like, look how this price still staying for more than a month and still it doesn't change or even break the resistance. Those who predicted $20k for this year seems too impossible if this continue until december. Undecided
legendary
Activity: 2912
Merit: 1068
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Since the price is fluctuating for a longer time now between 6000$ and 7000$ it looks like it's prety much stable. But in fact it isn't so and Bitcoin is volatile all the time. Still that is the price that marked this year for Bitcoin, more or less, and I don't see we will see much changes this year. Maybe closer to the end of the year but don't expect some bigger growth.
But even on such small price changes is possible to make the profit so Bitcoin price is never dull.
member
Activity: 490
Merit: 17
That is what we are witnessing now and to make things easier to investors I think bitcoin remain around $6,000 and $7000 is highly advisable.  Many investors are going to come into the market because of this and the retail and wholesalers will using and adopt bitcoin if the price is table.
hero member
Activity: 1106
Merit: 502
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
I think $6k - $7k is stable prices for this year, in the next year I am sure the price will increase and most likely be stable at range $10k. But to buy for the long term, it seems really good at this time, after seeing the price of bitcoin stable in the range of $6k and never goes under $5k.
legendary
Activity: 2982
Merit: 1028
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
Perhaps this is true, but such a price can be considered stable for Bitcoin only this year. Stable prices for Bitcoin can not be. It will always change. Perhaps it will become more stable when Bitcoin reaches a certain maximum limit in its value. However, the achievement of this maximum limit can immediately be accompanied by a sharp fall in its price as it was last December.
There's a lots of possibilities we can't predict whether the value already been stable to this level or anytime soon it can jumped over the last height or
it will fall deeper we just need to make some good assumptions and have always good strategy in order adopt certain  changes,  we are still in the process of waiting and speculate whatever movements market will go after.
jr. member
Activity: 83
Merit: 1
so shall we consider $6k as stable price for bitcoin?
Maybe in last year bitcoin will too the moon like the end of previous year Bitcoin price to nearly $20k. But total Suply of Bitcoin is under 20%, i don't know if that will make price grow up or no
I don’t agree with this because the trend this is change and people are not investing in bitcoin. They are now interested in Altcoin because there are some good coins which can give investors big profit in less time. Why one would take risk while investing in bitcoin and there is no guarantee for growth in the price. I think the price will remain the same till end as it is today.
hero member
Activity: 2912
Merit: 541
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The Bollinger Bands really say it all. BB width is the bottom indicator: this is the tightest price action we've seen all year.



You could call it price stability. But when I see tight bands like this, my first thought is calm before the storm.

After months of leaning bearish, my bias has switched to mid-term bullish. It looks like an accumulation pattern. If it was a bear consolidation, it should have fallen by now. (I still think we're stuck in a long term sideways though)

From your chart, I think we will see 2013-2015 will going to happen again because if you said that we are in long-term sideways, then my feeling told that we are going to see $6000-$6500-$7000 for a long time. But I still hope that will not happen for a long time, and I expect that in the next year, the price can increase, at least we can stable at $7000 before it moves to another high price. We can only make predictions without knowing what will happen in the future and I guess that right now, we need to satisfied with the price now.
legendary
Activity: 1806
Merit: 1521
The Bollinger Bands really say it all. BB width is the bottom indicator: this is the tightest price action we've seen all year.



You could call it price stability. But when I see tight bands like this, my first thought is calm before the storm.

After months of leaning bearish, my bias has switched to mid-term bullish. It looks like an accumulation pattern. If it was a bear consolidation, it should have fallen by now. (I still think we're stuck in a long term sideways though)
full member
Activity: 2142
Merit: 183
There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
Perhaps this is true, but such a price can be considered stable for Bitcoin only this year. Stable prices for Bitcoin can not be. It will always change. Perhaps it will become more stable when Bitcoin reaches a certain maximum limit in its value. However, the achievement of this maximum limit can immediately be accompanied by a sharp fall in its price as it was last December.
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