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Topic: Is $6000 to $7000 the stable price for bitcoin? - page 5. (Read 1049 times)

full member
Activity: 1316
Merit: 126
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.
member
Activity: 280
Merit: 12
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 is because for the last several months the price of bitcoin remained stuck between $6000 and $7000. No dip and no increase. The price fluctuates between $6200 and $6800. Therefore I can say that $6000 is the bottom price for bitcoin. The price is almost stable and the investors are not making any profit for long time. This situation will remain for some more time.

Yes I agree with your statement.
full member
Activity: 278
Merit: 101
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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.
newbie
Activity: 20
Merit: 0
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 is because for the last several months the price of bitcoin remained stuck between $6000 and $7000. No dip and no increase. The price fluctuates between $6200 and $6800. Therefore I can say that $6000 is the bottom price for bitcoin. The price is almost stable and the investors are not making any profit for long time. This situation will remain for some more time.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.
Which I believe with the volume recently, we might see an attempt towards that region, but breaking it upwards, or coming back downwards to have a retest of the $6k support is one thing we would likely see and in the situation where we get to see a huge breakdown lower below the $6k support, we might start seeing some huge move downwards.

Moreover, I still believe the market may take some time to get to the $7k region or a bit higher which would give the altcoins chance to do good for themselves within this short period of time.
`Michael Novogratz, a former hedge-fund manager who is heavily invested in digital currencies, called a bottom on cryptocurrencies.` that is a news from weeks ago, you can find it everywhere. Most of the people, including me, believes in rise in last quarter of the year, its like something that always happen, it will happen this year too. Maybe we will hold this level for a while, but that is fine, this bottom is great start for next train to up.
Last couple weeks are good, we have a little uptrend and that can continue in upcoming months. Winter always bring a lot of excitement and that will happen this year too probably, lets wait for that before we make any calls.

i don't think we can see a rise the way people are expecting it, anytime soon. there is no news and there is absolutely no more hype left for bitcoin to see that kind of big rises. that we currently have is this stability phase which is working more like a build up phase for the next round of big rises.
although not having big rises doesn't mean no rise at all. we can reach $10k by the end of the year with a slow and solid rise instead of a big jump.
full member
Activity: 222
Merit: 100
I guess that 6-7k range is good for current adoption level and media coverage. I mean adoption is still super small and there's a lot room to growth. Adoption and tech is very important, I hope we'll see lightning network up and running one day for Bitcoin, it will make small purchases super easy!
hero member
Activity: 1694
Merit: 502
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BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.
Which I believe with the volume recently, we might see an attempt towards that region, but breaking it upwards, or coming back downwards to have a retest of the $6k support is one thing we would likely see and in the situation where we get to see a huge breakdown lower below the $6k support, we might start seeing some huge move downwards.

Moreover, I still believe the market may take some time to get to the $7k region or a bit higher which would give the altcoins chance to do good for themselves within this short period of time.
`Michael Novogratz, a former hedge-fund manager who is heavily invested in digital currencies, called a bottom on cryptocurrencies.` that is a news from weeks ago, you can find it everywhere. Most of the people, including me, believes in rise in last quarter of the year, its like something that always happen, it will happen this year too. Maybe we will hold this level for a while, but that is fine, this bottom is great start for next train to up.
Last couple weeks are good, we have a little uptrend and that can continue in upcoming months. Winter always bring a lot of excitement and that will happen this year too probably, lets wait for that before we make any calls.
legendary
Activity: 3654
Merit: 1165
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BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.
Which I believe with the volume recently, we might see an attempt towards that region, but breaking it upwards, or coming back downwards to have a retest of the $6k support is one thing we would likely see and in the situation where we get to see a huge breakdown lower below the $6k support, we might start seeing some huge move downwards.

Moreover, I still believe the market may take some time to get to the $7k region or a bit higher which would give the altcoins chance to do good for themselves within this short period of time.
hero member
Activity: 966
Merit: 501
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?

For me I believe the bottom wasn’t been happening so this is not the stable price ,maybe value seats longer but now meaning permanently tomorrow is the decision of ETF so we might seen movements depend on what is the decision tomorrow for the truth value of prices and from there we will be consistent in answering such questions
I guess Bitcoin's price is between this range only from a very long time now and it is unable to rise from this range. Bitcoin is very volatile because its value depends upon a number of factors.Demand and supply forces play a roll in determining the price.If the demand rises then the price will definitely rise and if the demand falls the price will also fall.People are also selling their Bitcoins at lower price only because they are suffering from losses.But one should understand that holding their Bitcoin for future will give them good profit returns.
sr. member
Activity: 742
Merit: 255
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I think i said yes, bitcoin price will flow at the middle of $7k-$6k. That will be the stable market price at the end of the year.
Bitcoin is not stable Cryptocurrency because it is a decentralised platform so no one is predict the future possibilities of Bitcoin. I expect it will going to moon on end of the year. Because lot of positive news are nearly waiting for crypto market so wait and see the future result.
hero member
Activity: 2744
Merit: 541
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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?

For me I believe the bottom wasn’t been happening so this is not the stable price ,maybe value seats longer but now meaning permanently tomorrow is the decision of ETF so we might seen movements depend on what is the decision tomorrow for the truth value of prices and from there we will be consistent in answering such questions
legendary
Activity: 3234
Merit: 5637
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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?

Price is between 6000$ and 7000$ for months, this is hard fact and there is no need to ask whether this is stable price - the bottom has been touched several times and 5800$ is shown strong resistance. That's the current situation, but that does not mean that it is not possible that the price for some reason falls below several times touched bottom.

As has been said many times we are now in period of recovery and accumulation after last year events, it always happens after big pumps - so we can stay in current price range for months, there is no some good signs on the horizon which could announce more serious upward trajectory. However people will still hold on ETFs or maybe still underestimated Bakkt project for new pump.
sr. member
Activity: 686
Merit: 277
If by stable price the OP means for the next month or two then yes. Obviously not for the long term. The price will only stabilize when the market has been saturated (user adoption is close to its full rate), that could easily take another decade of growth to happen.

The price is stabilizing right now because the bear market is over and we are at the in-between point between bear and bull markets. This seems to have started at the beginning of this month after the last lower-high of the bear market at ~7400.  Likely Bitcoin will trade within this range between that last lower-high and the bottom around 6000. This might last a couple months or it might as long as to the beginning of next year. Only time will tell. My guess would be that November will signal the breakout and the slow start of the next bull market and we'll see a rise above 7500 to break the pattern of lower highs that has happened all year by the end of November and will see $8xxx Bitcoin by end of year. So it's stable in the short to medium term (2 - 6 months) because we have entered the period between the bear and the next bull market.
I wouldn't say that the bear market is over. There's a lot of traps going on right now, so its likely the price could really stay at the $6K-$7K for all we know. I do hope that November will be different as we are all tired of seeing this bullish trend. I understand that 2017 is different, but at some point we need to have a break out run and hopefully November can be the start and see the price to at least touch 5 digit mark at the end of the year.
I would not say that either, looking at the way things have been so far and the fact that we could still have more room to go lower, if the market peradventure ends up breaking below the descending triangle.

We might see some sideways movement between $6k and $7k for a while, and for bitcoin, I really won't be expecting so much, which I believe only the alt market may actually end up having a run for it, and then going back down once bitcoin starts showing the other side. For now, we can only just wait to see how things would end up happening with bitcoin.
legendary
Activity: 1176
Merit: 1024
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?
It looks like that. I mean look at the historical data for the past 10 months. The price has been between $6K and $7K for longer than it was anything else, it has spend more time between $6K and $7K than it has been $20k or even when it was $3k or whatever, prices usually move and swing a lot but this time it has been stuck here and whenever it goes below or higher it just drops back.

I have seen 6 thousand 600 dollars much more than I have seen in any price for bitcoin and I have been here for over 5 years. I remember it was like this back when it was around 300 dollars before it went back up to 900+ dollars, so I am assuming the price might do the same.
hero member
Activity: 2170
Merit: 503
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I think i said yes, bitcoin price will flow at the middle of $7k-$6k. That will be the stable market price at the end of the year.
well, I really hope that bitcoin prices are stable at prices above $ 7k. well, for now, prices are starting to rise again. although the increase is not so fast, but I hope the price increase is stable.
member
Activity: 644
Merit: 10
Because the price of bitcoin is fluctuating or always changes at any time we cannot ensure the stable price because it can be one day bitcoin will rise or fall until we ourselves do not believe

Yes, it is impossible to guess the Bitcoin value where it is going to stable but it will not be stable at the 6000$ or 7000$ because slowly the price of Bitcoin is increasing and it is another sign where we can see the price will easily reach to $10k.
sr. member
Activity: 462
Merit: 250
I think i said yes, bitcoin price will flow at the middle of $7k-$6k. That will be the stable market price at the end of the year.
full member
Activity: 966
Merit: 153
No,  I personally don't think it is. I checked the price history of Bitcoin make my conclusion. In the year 2014, we had something similar to this where the price of Bitcoin keeps floating between $600+ -$700  close to two years. So may investors thought it was in it maximum price and sold out then came last year when it went all boom! All I'm trying to say is that we still haven't reached it maximum price.
full member
Activity: 559
Merit: 100
BTC is trying to reach 7K level again. But resistance still so powerfull. We have to reach 7500$ or all alts getting loose again.
Bitcoin prices in the last two months tended to increase at the end of the month but fell at the beginning of the following month.  I hope not to repeat when the price hit $7500. I also want to see the price pass this milestone and stabilize for a short time there before continuing to increase.
STT
legendary
Activity: 4102
Merit: 1454


We just broke past this moving average line showing the 8 day, its also where 50 day average price is as well.  Roughly we are positive when trading past this line I think, however the reason why we might be keep repeating this area is down to alt coins and how they deleverage into a bitcoin payment I think.

I'd say this area is stable only for as long as it serves a purpose to the market overall, the most agreed upon selling point.   When supply or demand unbalances then we get movement, but the theory could be that we are balanced by that alt coin flow
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