Topic: PRICE STABILITY - page 4. (Read 1180 times)

What do you think makes bitcoin very profitable for day traders? Where else can you buy something at $3700 on Monday and sell it at $4300 on Wednesday making a massive 600 profit within 3 days
It's the volatility that's the best thing to happen to bitcoin trading, not the stability.I don't understand why you would say stability is the best way for bitcoin. Do you want stability? Try forex trading for about a month and you will change this attitude as soon as possible.


In my opinion, the higher the price of BTC, the higher the volatility... Forget about marketcap, Bitcoin at 100K each coin? we shall see the mother of all volatilities. Imagine 20K swings maybe from 100K to 80K within 48 hours or less

Or even predicting that the price won't go below $10K after reaching a new all time high? So everything is really possible and because of the obviously volatility, Bitcoin price will not be stable no matter how we see it. And it ever it stabilises, it will be boring isn't it? We need this kind of price swing to make the market exciting again and of course to make profits out of its price not stable in the long run.

I don't see Bitcoin meeting a point of stable price specially when it drop to mid $3K, reason being is that the price is already too low and speculators are going to squeeze and make some money out of the volatility we have seen this month alone. We may even hit another bottom at the end of the year because I believed we haven't hit it yet. But this will be the final bottom and we're going to see bitcoin leg up after that.

Your thoughts can still be denied, the price situation in a market cannot be stable. however, as we all know, BTC was still at the price of 8,000 USD people said the price was stable, but what happened, the price still dropped

You might got a point about the stability of Bitcoin price. But when you look at it and base it in the law of supply and demand, the more people invest in bitcoin, the higher the price it would get. Plus given the limited supply of bitcoin, it would be impossible to have a stable price of it.

No one wants that to happen because they want to get a lot of profit from price action of Bitcoin to the highest. Bitcoin is currently being used for that kind of things.

I heard some rumors that currently bitcoin is striving to provide trust in ETF and BAKKT, but the hard drive on BCH has given a serious price reduction to crypto, even though as a trader I prefer fast price fluctuations to provide better profits.

If you look at the charts more deeply, the price stabilized at $ 6000 for a longer period of time. In fact, the price did not find stability at a certain point at $ 4000.
What is going is trying to find bottoms out of the stability point, which will probably be at $ 5000 but I think we'll go back to $ 6,000 before the end of this year.
These speculations and manipulation of prices will not last long.
What worries me is the price of Bitcoin SV, as it seems to be behaving differently to the whole market, indicating a price manipulation.

Um, yeah.  Bitcoin isn't going to remain stable for long, especially when these new futures/options markets go into effect like I've been reading about (if they haven't already).  More ability to trade + the ability of large institutional investors to use leverage = more price volatility.  That's my guess anyway.

Plus bitcoin is still taking the severe hit that I figured it would after reaching its ATH last year, though I didn't think it would fall this low.  On the other hand, if you're the type of person who actually uses bitcoin to buy things, price stability isn't a negative.  That means you can defer purchases and hold onto your bitcoin for a while without having to worry that its purchasing power is going to decrease--though you'll miss out on any gains in purchasing power if bitcoin increases, too.

I've said it a million times:  I'm not a trader of bitcoin, so I'm not hoping bitcoin stays volatile.  That's how most traders make their money, i.e., through serious price swings.  It's not going to affect my balance sheet at all, but part of what makes bitcoin so appealing to own and to follow is the craziness of the market.  Thus I wouldn't mind it at all if we get either a crazy recovery or another serious drop.  I'm hoping for the former but I would not rule out the latter.

But USD or GPB is more stable than btc. Why? Because its market is bigger (volume and marketcap). In my opinion bitcoin price would be more stable at 100k-1 mil$ price. It will have much bigger marketcap (it would be harded to push price) and it will have institutional investors on it.

Now at 4k $ price whole btc has 70 bil marketcap - there are people reach enough to buy all btc at this price. Thats why they can push price in any direction causing fud.

There's no such thing as bitcoin price stability.Having a price between 4000-5000 USD is NOT price stability.It's decreased volatility.BTC price stability is very temporary and rare,it happens only for a few days or just a few hours.Every market is unstable.The demand and supply always keep re-balancing all the time.

It's possible but it's very unlikely. Bitcoin and the cryptocurrency markets are still volatile as heck, and I think it would take a lot of time(probably multiple decades?) to finds it's sort of "stable" price. If you think bitcoin is "stable" at $4000, take note that people also thought bitcoin would be stable at the $5000-$5500 mark. Guess what happened? Volatility kicks in once again as usual.

Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition