Topic: Slow gains and stability (Read 3397 times)

You shouldn't limit your observations to Bitcoin only

And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin.

In my opinion, Litecoin seems to be a "hedge" for people that don't believe that around August 1 everything will end well, and that's why it lost much less than other altcoins in the recent altcoin crash. As Litecoin has already activated Segwit, it has the same public that could potentially love Bitcoin's planned Lightning Network, so it could receive support from people from the "Core fraction".

The other altcoins have completely decoupled of Bitcoin, having lost 50, 60 or even more % with respect to their ATH. Bitcoin is still surprisingly stable, although it lost a bit these days, and I think it is the same reason I keep citing: people don't want to miss the possible Segwit bubble after August 1 if everything goes well.

It is not just "your opinion"

It seems to be what can be loosely interpreted as an established fact of sorts (at least, as much as such things can be firmly established at all). It could be possible also that Litecoin's price is resilient specifically due to other altcoins crashing, i.e. people are liquidating their stashes and moving their wealth to Litecoin (so it can be mostly altcoins' internal business, so to speak). Bitcoin is too big (to fail), and even if small fraction of liquidity that leaves it ends up with Litecoin, we will see an insane rise in Litecoin's price. But we are not there yet, and most people withdrawing their capital from Bitcoin are likely parking it right in the US dollar as of yet

itsallpc

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Definitely,instead of instant rises followed by sudden dips in price would affect the progress of bitcoin more.It would be better if bitcoin price increases slowly but steadily.That would create a strong user base for bitcoin.Volatility is also a major reason due to which more retailers are not ready to accept bitcoin payments.

HasHe

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

It would be good if bitcoin increases slowly and steadily but its high impossible for bitcoin to be expected to remain steady as volatility is its main nature and it could not be controlled.

d5000

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Quote from: Basmic on July 01, 2017, 12:27:41 PM

You shouldn't limit your observations to Bitcoin only

And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin.

In my opinion, Litecoin seems to be a "hedge" for people that don't believe that around August 1 everything will end well, and that's why it lost much less than other altcoins in the recent altcoin crash. As Litecoin has already activated Segwit, it has the same public that could potentially love Bitcoin's planned Lightning Network, so it could receive support from people from the "Core fraction".

The other altcoins have completely decoupled of Bitcoin, having lost 50, 60 or even more % with respect to their ATH. Bitcoin is still surprisingly stable, although it lost a bit these days, and I think it is the same reason I keep citing: people don't want to miss the possible Segwit bubble after August 1 if everything goes well.

killerfrost

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Quote from: raven7886 on July 01, 2017, 12:10:52 PM

Quote from: wxa7115 on July 10, 2017, 12:28:26 PM

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has)

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august ?

I am sure people are planning to look at both sides of the picture and will decide to what to do. Even if the price gets low I believe that the Bitcoin is able to bring it back to $3000 soon. There must be some panic sellers but besides we have the risk takers are keeping their coins.

I'll keep your coins in any way. First I have not so much, and secondly I didn't buy them. All my coins honestly earned. I share my income in Fiat and crypto so I'm willing to take the risk. I advise everyone not to panic and keep your coins.

Taking risks is a must for any trader. That is the nature of their work, and they themselves must always risk their decision, just one wrong decision, they will have to pay for it.

soul-impact

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It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility.

Every week in the crypto market is a wild ride, at the moment we lost billions of dollars in the market cap of all coins that is now sitting at 88 Billion, I think most of the capital that has left the market is going to go once again to Bitcoin if I’m correct then I think we are going to see a market cap for bitcoin of 65 to 75 billion dollars in the next months.

The fact is, nowadays, many people are losing a lot of money, even someone is bankrupt, this is a fact in the virtual currency world, there is not anything to secure you, The market is like a double-edged sword, and it changes constantly.

wxa7115

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Quote from: tigershark on July 06, 2017, 10:43:06 AM

It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility.

Every week in the crypto market is a wild ride, at the moment we lost billions of dollars in the market cap of all coins that is now sitting at 88 Billion, I think most of the capital that has left the market is going to go once again to Bitcoin if I’m correct then I think we are going to see a market cap for bitcoin of 65 to 75 billion dollars in the next months.

Baofeng

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Quote from: tigershark on July 06, 2017, 10:43:06 AM

It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility

You shouldn't limit your observations to Bitcoin only

And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin. Indeed, the markets of these coins are simply incomparable so far, i.e. a small outflow of money from Bitcoin cannot seriously affect its prices as of yet (in fact, Bitcoin price could even rise a little due to some random aberration), while it is more than enough to pump Litecoin. And we should not forget that, as the proverb goes, many a little makes a mickle

We're in a tight trading range for Bitcoin but after huge gains, stability is probably good. I also like that litecoin is starting to show signs of life. I was hoping it would increase more like zcash, etherium, and Dash which have made huge gains lately.

I think there are no such thing as stability price of bitcoin. Its either go up and down. However, we are now just seeing a somewhat slow gain this past weeks or so. Maybe because people are worried about Aug 1. But as far as LTC goes, its about time that this coin should be in the spotlight after BTC and ETH, LTC has been around too long that at least investors should also take a look at this coin as well.

deisik

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It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility

You shouldn't limit your observations to Bitcoin only

And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin. Indeed, the markets of these coins are simply incomparable so far, i.e. a small outflow of money from Bitcoin cannot seriously affect its prices as of yet (in fact, Bitcoin price could even rise a little due to some random aberration), while it is more than enough to pump Litecoin. And we should not forget that, as the proverb goes, many a little makes a mickle

We're in a tight trading range for Bitcoin but after huge gains, stability is probably good. I also like that litecoin is starting to show signs of life. I was hoping it would increase more like zcash, etherium, and Dash which have made huge gains lately

Don't get lulled by this pseudostability

Whenever Bitcoin appears to become more stable, it just proves to be what is called "the calm before the storm" one time more. And the longer the calm, the stronger will be the storm, while this time the price might not go just one direction (as they typically do), i.e. either up or down, it is possible that it will be rather a combination of the two, in arbitrary order. Regarding Litecoin, the reason that it doesn't get hyped and pumped as much as other altcoins out there is simple though not so obvious. Basically, it can't be hyped since it has been there for too long and it hasn't been premined at that. What it means is that it is likely the most traded crypto now, i.e. most of its monetary supply gets actually traded or circulated, so its market cap may be the real market cap (unlike other altcoins like Ethereum with its 80% of premined coins)

izanagi narukami

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Three years ago, bitcoin stay on $ 400 and it's exist over a year and three years later , bitcoin value increase exponentially since many country legalize bitcoin. And for now, IMO it will repeat or it won't since I'm heard SEGWIT issue is really cause people can't think clearly whenever they sell or just hold

tigershark

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It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility

You shouldn't limit your observations to Bitcoin only

And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin. Indeed, the markets of these coins are simply incomparable so far, i.e. a small outflow of money from Bitcoin cannot seriously affect its prices as of yet (in fact, Bitcoin price could even rise a little due to some random aberration), while it is more than enough to pump Litecoin. And we should not forget that, as the proverb goes, many a little makes a mickle

We're in a tight trading range for Bitcoin but after huge gains, stability is probably good. I also like that litecoin is starting to show signs of life. I was hoping it would increase more like zcash, etherium, and Dash which have made huge gains lately.

BigBos

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Maybe such a hike is very good, because a steady and stable price increase makes us have the opportunity to collect bitcoins, and hold bitcoin for a very long time. It will be very good for those who patiently store the bitcoin they have.

deisik

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Quote from: buwaytress on July 03, 2017, 03:07:23 AM

It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility

You shouldn't limit your observations to Bitcoin only

And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin. Indeed, the markets of these coins are simply incomparable so far, i.e. a small outflow of money from Bitcoin cannot seriously affect its prices as of yet (in fact, Bitcoin price could even rise a little due to some random aberration), while it is more than enough to pump Litecoin. And we should not forget that, as the proverb goes, many a little makes a mickle

alyssa85

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I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

Actually, the same conditions can be observed at Poloniex. Only three weeks ago, people were snapping up loans of 0.2% daily interest, but over 100BTC of offers now are below 0.09% daily interest - with an almost blank window for loan demands. I'm very suprised to see BTC back at 2,500 today but this thinning volume's bound to set off a knee-jerk reaction.

It's because there arn't any alt pumps at present. Wait till they start pumping ether again - the interest rates will start to soar...

Red-Apple

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Quote from: TravelMug on June 29, 2017, 02:41:35 PM

It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility.

i believe that it is mostly because of the constant good news that keeps coming in!
the recent increase in the SegWit signalling hashrate.
the couple of countries that removed the taxes on bitcoin payments
are the two bigger ones.
but i also agree market is still in the wait and see mode despite all this.

d5000

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It's interesting to analyze the predictions of only one week ago Wink

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility.

YuginKadoya

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Quote from: YuginKadoya on June 29, 2017, 07:54:32 AM

Quote from: wxa7115 on July 05, 2017, 06:35:04 PM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

I feel that bitcoin unstable price is a great asset to begin with. No one really can predict the movement and as a result investors are just holding on it and "speculate" on when they gonna dump it. So for me, this volatility of bitcoin makes it one of the best investment around. You can either make or break. Simply as that.

In settling yourself to focus on bitcoin I think you can simply earn a lot, and yes you are right that it is a big asset and gain for us that bitcoin is unstable and fluctuating with it's price and it is a faster gain for us if bitcoin would just goes up and down rapidly that way, we can surely gain a lot.

BitMaxz

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Quote from: freedomno1 on June 10, 2017, 04:05:12 AM

Quote from: freedomno1 on June 10, 2017, 04:05:12 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

I think this is the right interpretation of what happened, there was a big pump and after that we lost some of the market cap on altcoins, but at the end the prices have been kept very high so it is safe to assume this is the new normal and these prices are here to stay for some time.

The price of bitcoin these days are growing gradually that i think segwit can be give a good result after the august 1 because if segwit can give a bad result the price are already falling down the price but look at the market place while we are nearly to segwit activation the price of bitcoin is slowly gaining and increased that i think more people are trusting the new feature added with bitcoin. Well this is a good sign i think that we will see a big pump these coming days.

wxa7115

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Quote from: HTracer on July 03, 2017, 10:01:27 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

I think this is the right interpretation of what happened, there was a big pump and after that we lost some of the market cap on altcoins, but at the end the prices have been kept very high so it is safe to assume this is the new normal and these prices are here to stay for some time.

ClaraLuV

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Yeah, it's not the best time for slow gains and stability. There is growing number of traders withdrawing bitcoin from exchanges to own wallets in a view of Aug 1st. Thin market is more susceptible to volatility and price manipulation to some extent.

That is possible,because the atmosphere is not that great and i am hoping that if things does not go smooth we might see a hard fork and so people might move their coins to their hardware wallet and we could see that the coins will be stagnant till the forking takes place. When everything is said and done , i am sure that the price will surge .

HasHe

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Quote from: buwaytress on July 03, 2017, 03:07:23 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

It would be good if bitcoin price remains stable.But since bitcoin is a decentralized network,it is highly volatile in nature.Volatility in price could not be avoided.There is no central authority to control or regulate the price of bitcoin and so bitcoin price increases or decreases with difference in demand for bitcoin.

HTracer

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Yeah, it's not the best time for slow gains and stability. There is growing number of traders withdrawing bitcoin from exchanges to own wallets in a view of Aug 1st. Thin market is more susceptible to volatility and price manipulation to some extent.

deisik

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Quote from: 1Referee on July 03, 2017, 04:14:30 AM

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

Actually, the same conditions can be observed at Poloniex. Only three weeks ago, people were snapping up loans of 0.2% daily interest, but over 100BTC of offers now are below 0.09% daily interest - with an almost blank window for loan demands. I'm very suprised to see BTC back at 2,500 today but this thinning volume's bound to set off a knee-jerk reaction

This is what I always warn people about

The longer the price stays in a narrow range, the stronger will be the next movement. It holds true even when the trading volume goes up which is almost always the case when the price trends sideways for some time (since people are trying to squeeze more profits from the shorter price oscillations), but with low volume the market turns into a state as unstable as overheated water, i.e. a smallest disturbance can easily crash the price. Though it should be added that it also works in reverse too, at least, to a certain degree

Ewox

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I myself prefer stablility, though bitcoins fluctuation prices are normal but the past few weeks had passed and its current price is stable. Hopefully it won't go down that much though most of us know it'll soar back up.

xIIImaL

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Very few expect a stable growth. In my view stabilty is a must

Stability isn't a must. If you look at how Bitcoin has been performing price wise, then since its very first exchange listing, till now, the market has been one big roller coaster. Most important factor is to realize growth throughout the years, and that's exactly what has happened.

but I prefer the growth has to happen in large scale and minor fluctuations need to take place regularly within the range of $50 and above.

Fluctuations of $50? What a joke. In current times we're already experiencing 10% swings, which is likely going to get worse in terms of swings in fiat equivalent. Don't forget that the higher the price is, the lower the overall buy support is. If we at some point break through the $10,000 level, the 10% swings that are valued at ~$250 right now, will then be valued at ~$1000.

I think you are noticing price chart continuously, if you checked the price changes from the yesterday to today also you can find the nearly 60$ changes on the chart.
I think it will break the 10000$ value dream due to adoption rate increased from the past this year starting onwards. However, this should continue from that value to touch.

1Referee

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Very few expect a stable growth. In my view stabilty is a must

Stability isn't a must. If you look at how Bitcoin has been performing price wise, then since its very first exchange listing, till now, the market has been one big roller coaster. Most important factor is to realize growth throughout the years, and that's exactly what has happened.

but I prefer the growth has to happen in large scale and minor fluctuations need to take place regularly within the range of $50 and above.

Fluctuations of $50? What a joke. In current times we're already experiencing 10% swings, which is likely going to get worse in terms of swings in fiat equivalent. Don't forget that the higher the price is, the lower the overall buy support is. If we at some point break through the $10,000 level, the 10% swings that are valued at ~$250 right now, will then be valued at ~$1000.

buwaytress

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Quote from: djtas bitbit on July 02, 2017, 05:24:14 PM

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

Actually, the same conditions can be observed at Poloniex. Only three weeks ago, people were snapping up loans of 0.2% daily interest, but over 100BTC of offers now are below 0.09% daily interest - with an almost blank window for loan demands. I'm very suprised to see BTC back at 2,500 today but this thinning volume's bound to set off a knee-jerk reaction.

Duzter

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I prefer stable prices. Stable price that can make us comfortable using bitcoins because prices do not always change, and sometimes a change can cause us harm. But this is definitely ruining some, including a trader. Due to a trader's main job is to take advantage of the price of the bitcoin is unstable. They see the profit margin. It is sometimes like there isn't true, but I personally choose price bitcoin stable. Wink

Very few expect a stable growth. In my view stabilty is a must, but I prefer the growth has to happen in large scale and minor fluctuations need to take place regularly within the range of $50 and above. This is how one could make a better earning through bitcoin.

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I prefer stable prices. Stable price that can make us comfortable using bitcoins because prices do not always change, and sometimes a change can cause us harm. But this is definitely ruining some, including a trader. Due to a trader's main job is to take advantage of the price of the bitcoin is unstable. They see the profit margin. It is sometimes like there isn't true, but I personally choose price bitcoin stable. Wink

deisik

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Quote from: d5000 on June 30, 2017, 08:17:09 PM

Quote from: raven7886 on July 01, 2017, 12:10:52 PM

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium).

Interesting observation. I expect that there will be some volatility and definitively there could be a little "crash" down to 2000 or 1800, but I don't expect it to go much lower than that. For now, on about July 5 a triangle/flag is about to close. We'll see if that leads to a movement (more likely to the downside than to the upside) or if the trend "flatlines" waiting for fundamental news.

The rates have crashed to below 0.04% already (with 28M dollars in the queue), and they are now roughly equal to Bitcoin rates (don't know how to interpret that, though)

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has)

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august?

Obviously, this is not about Segwit activation as such

If it were only about that, without all the drama we have been witnessing for at least half a year (think Bitcoin halving here), we would have likely already seen prices well above 3,000 dollars per coin due to hype alone. Right now prices seem to be on the verge of collapsing since the market is very thin. It kinda looks like Ethereum trading volume exceeded that of Bitcoin recently (though I didn't check for myself, just read about that), and if some really negative news emerges (say, Jihan comes up with a fresh idea of forking Bitcoin, again), the prices will likely start to drop like flies

Silberman

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Quote from: raven7886 on July 01, 2017, 12:10:52 PM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Momentum is going to be gained when segwit is finally activated but if the threat of the miners of trying a hard fork materializes then all the momentum could be lost and we could even see a decrease in price, however I think the hard fork to get bigger blocks is not going to pass and it is going to be eventually abandoned and with that the price of bitcoin will grow up even further.

richardsNY

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The fiat nowadays is preferred by the traders because of the segwit application

It's not really that they prefer to hold fiat over Bitcoin, but just do it out of fear. I personally don't experience any fear in seeing the value of my holdings go down as result of a negative happening, this or next month. I have enough fiat ready to put to work as soon as the price starts tanking. There is no need to convert any of my coins to fiat (aside from the occasional trading that I do).

Basmic

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Quote from: raven7886 on July 01, 2017, 12:10:52 PM

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has)

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august ?

I am sure people are planning to look at both sides of the picture and will decide to what to do. Even if the price gets low I believe that the Bitcoin is able to bring it back to $3000 soon. There must be some panic sellers but besides we have the risk takers are keeping their coins.

I'll keep your coins in any way. First I have not so much, and secondly I didn't buy them. All my coins honestly earned. I share my income in Fiat and crypto so I'm willing to take the risk. I advise everyone not to panic and keep your coins.

raven7886

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Quote from: JL421 on June 30, 2017, 07:49:05 PM

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has)

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august ?

I am sure people are planning to look at both sides of the picture and will decide to what to do. Even if the price gets low I believe that the Bitcoin is able to bring it back to $3000 soon. There must be some panic sellers but besides we have the risk takers are keeping their coins.

iqlimasyadiqa

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That's a good sign but you can call it stable as the price is still changing on daily basis. In order to be stable the price shouldn't increase or decrease with a significant difference but here the price changes every hour. The gains have been slow but I'm sure the market will recover soon

I prefer a stable price. A stable price can make us comfortable using bitcoins because price rates do not always change, and sometimes changes can cause us harm. But this is definitely detrimental to some, including a trader. Because a trader's primary job is to take advantage of the unstable bitcoin price. They are looking for profit margins. This is sometimes like nothing is true, but I personally choose a stable bitcoin price.

beerlover

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Quote from: YuginKadoya on June 29, 2017, 07:54:32 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

Yeah this is true we can never say that the bitcoin is stable because it is not the feature of the bitcoin. The price if don’t drop down it will be increasing, but currently I guess the span of the bitcoin price growing high has started and it can be noticed form the recent drop that how soon it recovered its price in the market and is still growing. So, this is quite optimistic for us.

d5000

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US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium).

Interesting observation. I expect that there will be some volatility and definitively there could be a little "crash" down to 2000 or 1800, but I don't expect it to go much lower than that. For now, on about July 5 a triangle/flag is about to close. We'll see if that leads to a movement (more likely to the downside than to the upside) or if the trend "flatlines" waiting for fundamental news.

AK47-

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After such a huge jump in May, less volatility was required. It is better than huge dump after that pump in May. This is a natural growth of bitcoin.

JL421

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That's a good sign but you can call it stable as the price is still changing on daily basis. In order to be stable the price shouldn't increase or decrease with a significant difference but here the price changes every hour. The gains have been slow but I'm sure the market will recover soon

deisik

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Quote from: YuginKadoya on June 29, 2017, 07:54:32 AM

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has)

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

d5000

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From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has).

TravelMug

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

I feel that bitcoin unstable price is a great asset to begin with. No one really can predict the movement and as a result investors are just holding on it and "speculate" on when they gonna dump it. So for me, this volatility of bitcoin makes it one of the best investment around. You can either make or break. Simply as that.

YuginKadoya

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

itsallpc

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Quote from: Hazir on June 25, 2017, 07:22:45 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

deisik

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I get the impression that current period of relative price stability and lack of big movements is just the calm before the storm.
Everyone is just watching and waiting for the outcome of the scaling upgrade. I heard some voices that Indian legalisation in underway, wich will be great.
But at the same time no one mentioned that Bitcoin double taxation ends in Australia July 1st, Australia decided to legalise Bitcoin too!

Australia is reported to be a "Bitcoin desert" of sorts

So this event will likely pass completely unnoticed. If anything, it should have already been priced in. Folks from India don't confirm it that the Indian government is going to legalize Bitcoin any time soon. They just seem to be aware of it and obviously want to regulate it somehow, but that doesn't mean that they are closer to its complete legalization than outright prohibition. Regarding prices, we will certainly see plenty of volatility in the coming days before the deadline of August, 1st

Hazir

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I get the impression that current period of relative price stability and lack of big movements is just the calm before the storm.
Everyone is just watching and waiting for the outcome of the scaling upgrade. I heard some voices that Indian legalisation in underway, wich will be great.
But at the same time no one mentioned that Bitcoin double taxation ends in Australia July 1st, Australia decided to legalise Bitcoin too!

deisik

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

You must be confusing the past summer with some other season

The summer of 2016 was really intense. The price had been rising since the beginning of that year on hype linked to the coming reward halving. Bitcoin rose from like 350 dollars and all the way up to 750 dollars per coin during the first half of the year. In June, just a few weeks before the actual event (the halving happened in the first 10 days of July, if I'm not mistaken), the price crashed massively down to 600 dollars. Then in early August Bitfinex got hacked and the price went below 500 dollars for a few moments. I don't think it cuts as a quiet period by any means

streazight

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Quote from: SONG GEET on June 20, 2017, 09:45:39 PM

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming........... Wink

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

This will be a great step in making the bitcoin more powerful if the Indian government legalize it. India have a very huge urge for the Bitcoin and this can make the rest of the world to think about the legalization of the Bitcoin as well. If the legalization and the stability in price of the Bitcoin both worked it will take the Bitcoin to a new era of success.

Mazt rhiezt

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Bitcoin proves that the stability of its value is not too negative because investors will dare to predict if next year the price will also rise.
Rather than other coins that shot high but did not last long.

machinek20

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Slow gains and stability is a very good rising, it makes people not doing a whole sale or panic sell and it proves that bitcoin is not just a bubble, most of the people like this situation, it makes the bitcoin more predictable, but the traders dont like this situation

naidray

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

As per the basics of trading, always sustaining prices are triggering to upward momentum. When prices are staying with in some range we can assume there will be equal number of buyers and sellers and they are keeping prices to trade within some levels.

In this type of situation, usually buyers alone breaking the upper end as they will be having more confident for another wave of appreciations compared to bears.

Chin Cheng

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Get through August unscathed then gain some momentum heading into the latter half of the year!

I really like the stable price of bitcoin and i am sure if we are able to get through the scaling part without much issues and goes according to the plans then we will be having a good rally and expect the price to break new barriers ,i am sure the market is stabilizing mainly because of the scaling talks and i expect it to continue like this ,till it gets over.

rizkyhiw

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Quote from: SONG GEET on June 20, 2017, 09:45:39 PM

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming........... Wink

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

between $2,200 to $2,800 it's really a good price range ,
especially for a daily trader it's gives a lot of opportunity to make money ,
i can't see a stability also a slow gains but just a good price range for now ,
at least there is no huge drops as it could leading into a deep drop once people getting panic.

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Quote from: TravelMug on June 23, 2017, 04:23:36 PM

Quote from: SONG GEET on June 20, 2017, 09:45:39 PM

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming........... Wink

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

Yes. it looks like that Indian government is ready to legalized bitcoin. Hopefully it will push the price to the elusive $3000 mark. Currently, the price is steady which is good to see. But we all know that what we want is $3000. I think I'm positive that we can break it within the next weeks or so. We just have to be patience for now because once it has been broken, we will all be jumping for joy because $4000 will be the next target.

Where did you get that news never heard that thing but i read some article in from coindesk and i think they are planning bitcoin will be legalized too in their country if it will happen this year we will see a large price increase but i think they are still waiting what will be happen this coming august 1
For now i seen in the live chart that the price is gaining naturally increase and hoping that $2,900 value will be reach. .

TravelMug

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Quote from: SONG GEET on June 20, 2017, 09:45:39 PM

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming........... Wink

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

Yes. it looks like that Indian government is ready to legalized bitcoin. Hopefully it will push the price to the elusive $3000 mark. Currently, the price is steady which is good to see. But we all know that what we want is $3000. I think I'm positive that we can break it within the next weeks or so. We just have to be patience for now because once it has been broken, we will all be jumping for joy because $4000 will be the next target.

klf

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Quote from: SONG GEET on June 20, 2017, 09:45:39 PM

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming........... Wink

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

South Park

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Quote from: audaciousbeing on June 09, 2017, 09:56:42 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Everyone will be happy if things turn out the way we all wanted but unfortunately the price of bitcoin is not dependent on the feelings of individuals rather than the forces and factors behind such swings of prices. All we should hope for is that these determining factors should continue to work in the favor of bitcoin so that we can all be happy even beyond August and summer.

Markets are not rational, markets are irrational so the feelings are important, if segwit is not approved you can be sure the price is going to get a lot lower since people will lose confidence on segwit ever being activated and the solution we have been waiting for so long and that has been on the minds of bitcoin users for years could not happen will without a doubt lower the price of bitcoin.

jc89

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Quote from: freedomno1 on June 10, 2017, 04:05:12 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Slow and steady growth is a healthy growth. Yes, some prefer a steady and stable price so that no major drop on price will occur. Staying at this phase is beneficial to Bitcoin as a whole since more investors might be attracted and start engaging in Bitcoin. Steady growth is great if the price trend is always upward Grin

SONG GEET

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Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming........... Wink

Ken1022

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A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

Yep. I'm all in with this. The current new "norm" looks good.

Quote from: btc_angela on June 20, 2017, 03:08:36 PM

Quote from: Casdinyard on June 20, 2017, 01:23:59 AM

Quote from: azguard on June 10, 2017, 03:52:49 AM

Quote from: el kaka22 on June 09, 2017, 02:11:56 PM

Usually stable prices are good symptoms for another rally. I do see markets are gaining momentum for another massive rally hence I am not expecting prices to stay calm till August for positive out come for scalability as markets are known to react for future events, we can expect those to happen from two month before onward too.

This is mostly true, and have some speculation on August or September for some bigger changes in price. For next month or two expect to be stable price. Usually in this time it is stable after everything that is happening.

So we wont experience any change that big for next month or two. Seem like it will be another big gathering and this may be good and bad for price, just hope it wont be dump.

Looks like all anticipated the upcoming event in august. Yes i hope it isnt that bad for us.
So for in two months we're expecting the slowly but surely movement of bitcoin and that's nice.
But for me personally, I want some big pump one of these days for us to grab the chance like that. Convert btc to fiat or sell it. Then it would go back again from its steady price. Hope that will happen just for one day. Oh im really dreaming. Kiss

On the contrary, I'm seeing a positive move now to $3K. I think the slowly phase has gaining ground now and we may see the elusive $3000 in the next few weeks. It is going to $2800 currently. I don't know if this price can be sustain within the day as some might sell their bitcoin again. I will continue to monitor the price and see how it unfolds.

Yes, that two steps forward one step back movement again and again. I see that 3k psychological barrier cracking. And before you know it, we'll all be in a community that will be in woe whenever the price reverts back to the 2000s hahahha, 3k will be a new solid standard just as 1k and 2k were!. Good times and maybe some necessary bad times ahead.

Also I can't stress enough the surge in Bitcoin value whenever a country's legalization takes place. It's clear that when Japan did so, exchange rates became ballistic, and in the long term helped achieve a new "higher low". This will be true as we will feel India and Australia's influence over the next few weeks.

pitham1

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Quote from: gilangIDR on June 19, 2017, 08:47:20 PM

Quote from: Casdinyard on June 20, 2017, 01:23:59 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

This is what i want. A stable price increase is everyone's dream. Because with the price stability then bitcoin will be very difficult to fall in quick time. A steady rise will also lead to a steady decline in prices. So there will not be many people who lose. We should all head to an era like this, because a currency in the world that will be ready for everyone's use is when the currency is stable.

I don't think we are there yet. In the last week we have dipped to $2300 before bouncing back. Except day traders, everybody else will be satisfied with a slow appreciation in the price of Bitcoin.

btc_angela

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Quote from: azguard on June 10, 2017, 03:52:49 AM

Quote from: el kaka22 on June 09, 2017, 02:11:56 PM

Usually stable prices are good symptoms for another rally. I do see markets are gaining momentum for another massive rally hence I am not expecting prices to stay calm till August for positive out come for scalability as markets are known to react for future events, we can expect those to happen from two month before onward too.

This is mostly true, and have some speculation on August or September for some bigger changes in price. For next month or two expect to be stable price. Usually in this time it is stable after everything that is happening.

So we wont experience any change that big for next month or two. Seem like it will be another big gathering and this may be good and bad for price, just hope it wont be dump.

Looks like all anticipated the upcoming event in august. Yes i hope it isnt that bad for us.
So for in two months we're expecting the slowly but surely movement of bitcoin and that's nice.
But for me personally, I want some big pump one of these days for us to grab the chance like that. Convert btc to fiat or sell it. Then it would go back again from its steady price. Hope that will happen just for one day. Oh im really dreaming. Kiss

On the contrary, I'm seeing a positive move now to $3K. I think the slowly phase has gaining ground now and we may see the elusive $3000 in the next few weeks. It is going to $2800 currently. I don't know if this price can be sustain within the day as some might sell their bitcoin again. I will continue to monitor the price and see how it unfolds.

Casdinyard

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Quote from: azguard on June 10, 2017, 03:52:49 AM

Quote from: el kaka22 on June 09, 2017, 02:11:56 PM

Usually stable prices are good symptoms for another rally. I do see markets are gaining momentum for another massive rally hence I am not expecting prices to stay calm till August for positive out come for scalability as markets are known to react for future events, we can expect those to happen from two month before onward too.

This is mostly true, and have some speculation on August or September for some bigger changes in price. For next month or two expect to be stable price. Usually in this time it is stable after everything that is happening.

So we wont experience any change that big for next month or two. Seem like it will be another big gathering and this may be good and bad for price, just hope it wont be dump.

Looks like all anticipated the upcoming event in august. Yes i hope it isnt that bad for us.
So for in two months we're expecting the slowly but surely movement of bitcoin and that's nice.
But for me personally, I want some big pump one of these days for us to grab the chance like that. Convert btc to fiat or sell it. Then it would go back again from its steady price. Hope that will happen just for one day. Oh im really dreaming. Kiss

gilangIDR

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Quote from: VanDeinsberg12 on June 10, 2017, 09:57:03 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

This is what i want. A stable price increase is everyone's dream. Because with the price stability then bitcoin will be very difficult to fall in quick time. A steady rise will also lead to a steady decline in prices. So there will not be many people who lose. We should all head to an era like this, because a currency in the world that will be ready for everyone's use is when the currency is stable.

lumeire

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Activity: 1848

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Next-Gen Trade Racing Metaverse

Actually from what I've observed, there are a lot of people marketing btc as a form of booming investment like it's some sort of a HYIP. If this is what makes up most of the demand, we're doomed for a crash.

Xestadar

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I like that, In these days the bitcoin looks so beautiful slow gain is better. because that means if the support is really strong and the community is believing bitcoin. The price of bitcoin gets stable gain everytime. This is really god for my personally.

That is my thoughts as well. I wish the price to rise 5-10% per week. Not big rise which will crash the price again.

Kemarit

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Quote from: HasHe on June 19, 2017, 12:41:56 AM

Slow and steady price is good for bitcoin and all of us.But there is no central authority to control bitcoin price since it is decentralized.Bitcoin price is driven by variations in demand and various external and geo political factors.Japan accepting bitcoin legally and south korea much friendly to bitcoin has made a great positive impact on the bitcoin progress.So price fluctuations is to continue and its unavoidable.

Bitcoin price is very unstable currently. The last price crash was very short lived so now we are seeing a slow but steady phase. Some find it boring because we are used to seeing the price going up every day. But for me this slow and steady phase is a good sign that this maybe this correction price of bitcoin. I'm speculating that we are going to see this kind of phase again in the next few days. And then gain momentum for the very elusive price of $3000.

n0ne

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Quote from: Slow death on June 10, 2017, 09:38:35 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

I sure will be very happy if the price reaches the $4500 at the end of the year, I will spend the best end of the year as always .... the more the price rises better for my business. Ha ha ha ha ha ha

Who'll regret, every user will enjoy the crazy price increase. Your expectations could come true, because with in the past when the price was sub $1000 the slow gain and stability in the price movement was high. Later on things changed with respect to the mass adoption occuring. This has made the price increase steeper and fluctuate within limits. Let's hope something happens good in a short.

HasHe

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Slow and steady price is good for bitcoin and all of us.But there is no central authority to control bitcoin price since it is decentralized.Bitcoin price is driven by variations in demand and various external and geo political factors.Japan accepting bitcoin legally and south korea much friendly to bitcoin has made a great positive impact on the bitcoin progress.So price fluctuations is to continue and its unavoidable.

VanDeinsberg12

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I like that, In these days the bitcoin looks so beautiful slow gain is better. because that means if the support is really strong and the community is believing bitcoin. The price of bitcoin gets stable gain everytime. This is really god for my personally.

ktabb

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

It is strange that the price has stabilized when it was rocketing upward so quickly before. I don't think it is done rising, and I also think it is still very overvalued. It will become volatile again soon, and eventually it will most likely crash down below $2,000... probably before the end of 2017

Slow death

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Quote from: LFC_Bitcoin on June 10, 2017, 08:20:09 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

I sure will be very happy if the price reaches the $4500 at the end of the year, I will spend the best end of the year as always .... the more the price rises better for my business. Ha ha ha ha ha ha

FLoving

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I prefer slow, steady price rises but unfortunately we can't control the speed or growth. Just sit back & HODL, relax. You shouldn't be too concerned about short term price movements. We are going up consistently over time, that's the important thing.

I will like both type of increase in the price. In both of them the users of bitcoin have benefits some people have invested their money and they need them sooner to get the profit so they will like the bigger rises in the price of bitcoin and some will have other reasons for the price to grow gradually and it is fact that when the price is rising slowing then it do not drop down faster.

d5000

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Sorry, I don't see any "stability" nor "slow gains".

A day in which Bitcoin hardly moves is nothing. If we observe the chart for the last 30 days, Bitcoin began a steep upward channel on May 26. Since then it has not been broken. The market is bullish, not sideways-looking.

5 days are beginning to be a "moment of stability". Ten days, or better one month, is where it begins to be interesting. These are the periods where rallys "build up".

(For the short term, it would be interesting if the 2930 on Bitstamp are broken. If not, then there is a distant possibility that we enter a sideways market, but probably at a lower price than now, e.g. <2500 or even <2000.)

LFC_Bitcoin

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I prefer slow, steady price rises but unfortunately we can't control the speed or growth. Just sit back & HODL, relax. You shouldn't be too concerned about short term price movements. We are going up consistently over time, that's the important thing.

talkbitcoin

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Quote from: freedomno1 on June 10, 2017, 04:05:12 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

i agree, so far price rise has been very good. despite what some people think it was fast and big, i say it was actually with a lot of small steps if you look at the short term changes.
for example it was a $90 rise then about $20 drop aka correction then another $50 rise and slow down and then rise some more.
these little corrections of $20 to $60 where price kept dropping were a very good sign of a healthy market in my opinion.

that is why i agree with you on this final stage of "consolidation". which is another good sign.

freedomno1

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Learning the troll avoidance button :)

Quote from: el kaka22 on June 09, 2017, 02:11:56 PM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

azguard

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Activity: 1484

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Crypto-News.net: News from Crypto World

Usually stable prices are good symptoms for another rally. I do see markets are gaining momentum for another massive rally hence I am not expecting prices to stay calm till August for positive out come for scalability as markets are known to react for future events, we can expect those to happen from two month before onward too.

This is mostly true, and have some speculation on August or September for some bigger changes in price. For next month or two expect to be stable price. Usually in this time it is stable after everything that is happening.

So we wont experience any change that big for next month or two. Seem like it will be another big gathering and this may be good and bad for price, just hope it wont be dump.

Jherek

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Quote from: n0ne on June 10, 2017, 12:00:42 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Agreed. I think that the main thing is to get to the forking point without having much volatility in bitcoin's price. That way we have a launching pad for another round of pumping. If we have too much pump or too much dump either of these options will not benefit the price.

Stability in the long term is what bitcoin should aim for because it is a store of value. Long term stability only happens if short term the currency is stable as well. So i'm very happy to see this stable price, even though there is no profits.

Slow gains cause stabilty is not the real fact. This has been experienced true when the price was around $500. Now things have changed a lot from the past. Even the bigger price fluctuations gives a stabilty to resist within two margins and prepare for the next price jump.

This could happen, yeah. I think the price will either correct or go for the next moon from here.

Dimelord

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Activity: 490

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Yes,bitcoin price looks stable for the past week in the range of $2800.I believe its good for bitcoin progress since gradual increase in price is better that a sudden increase followed by a huge fall.But the prevailing bitcoin price may start to increase when Australia announces its decision about legality of bitcoin.Now,in indian government,half of the members support bitcoin legalization while the others oppose it.When india too takes decision in favour of bitcoin legalization,price may increase more in rocket speed as india is the second largest populated country and demand for bitcoin would increase more.

n0ne

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Slow gains cause stabilty is not the real fact. This has been experienced true when the price was around $500. Now things have changed a lot from the past. Even the bigger price fluctuations gives a stabilty to resist within two margins and prepare for the next price jump.

EXtremeAEX

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Activity: 798

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I would say Bitcoin has increased a lot in value over the past month, and wouldn't say this is stable. Last month it was still sitting at $1800 but now it shot up to $2800 and rising, thats easily over 50% increase, and I would say that is a lot. Even a 10% would be a success for Bitcoin but 50% is just amazing. Shocked

The past few days the prices are going up and down, but remain rather constant for the average price. Hard for Bitcoin to be stable, but gains are possible.

White sugar

legendary

Activity: 1232

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The record of weekly green candles happened in the first rise of 2013, in the first rise up to $200. 12 green candles. Let's see if the price will break the record.

I think it is possible, if the price breaks $3000 of course

RoommateAgreement

hero member

Activity: 770

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Bazinga!

as much as i love slow and steady rises, they never last. there are some long periods that last from time to time but in the end they will all end in a big and fast rise.
last year we saw a more stable rise with less wild rises but this year it seems like Japan changed all the equations once again and the fast rises is what we have got for the near future.

pitham1

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Quote from: phr0stbyt3 on June 09, 2017, 04:46:18 PM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

August is when the User Activated Soft Fork activation will start dominating crypto headlines.
Then again there will be an increase in volatility. I too am satisfied with the stable and steady growth upwards.

mrcash02

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There are 2 common ways price of btc grows :
1. Really huge increase in price in a 24 hour to 48 hour period which the price falls after sometime and this part is only for traders
2. It is just like the current growth which achieves the price after a huge increase and this benefits the long term investors in long run

The second one is the best situation for me. I like to see the price growing slowly, but solid. When there is a big pump, it's only good if you have free time to follow the chart in time to buy and sell in right time to make a fast and good profit. If you take too much time, you will lose the opportunity of profit, as the correction in price comes really fast.

Yuuto

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Quote from: audaciousbeing on June 09, 2017, 09:56:42 AM

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

It would be better if bitcoin was just stable. I think that i like bitcoin a lot better when it's just floating around a certain number and this is certainly what it's doing right now. I don't think that the correction everyone is talking about is even going to come, it's just going to stay here.

If August 1st is a success, maybe it'll moon again. Time to buy?

CyberKuro

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Activity: 798

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Bitcoin movement every year shows similarities, just look at the graphs when it rise, decrease and stable for weeks.
People said, it's better to have slow gain because it won't be corrected, but I do really like how bitcoin value increase faster within 24-48 hours, even though in the end there is a correction but at least bitcoin already set on higher price than before bitcoin rally happen.

phr0stbyt3

hero member

Activity: 672

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There are 2 common ways price of btc grows :
1. Really huge increase in price in a 24 hour to 48 hour period which the price falls after sometime and this part is only for traders
2. It is just like the current growth which achieves the price after a huge increase and this benefits the long term investors in long run

bamboylee

hero member

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In my observation, that is a normal movement of bitcoin in this month. There might be another movement or price surge on August, then another on November and last push on December. At least that is my observation for the last two years I have been using bitcoin and watching the price movement. So we may expect a stable price unless there is a bad news that will pull the price down.

el kaka22

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Usually stable prices are good symptoms for another rally. I do see markets are gaining momentum for another massive rally hence I am not expecting prices to stay calm till August for positive out come for scalability as markets are known to react for future events, we can expect those to happen from two month before onward too.

Everyone will be happy if things turn out the way we all wanted but unfortunately the price of bitcoin is not dependent on the feelings of individuals rather than the forces and factors behind such swings of prices.

You made me smile. I guess no trading asset is being traded like you have mentioned. Because every stocks and commodity trader will have the feeling of having higher prices.

Kemarit

legendary

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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Yes. I totally like what I'm seeing right now. Its slow but in a steady phase not like the past months when we are seeing $100 swing in a day. I think the weak hands has already sold their bitcoin during the last dumping of it. Let see July 1, when Australia joining us, I can only speculate that it will further push the price of bitcoin to maybe $3000 and up. But come Aug 1, when the UASF activates, will surely again impact the price to a new level. Will it help push it again to new heights or will the price will go down because of a potential split? Remains to be seen.

YuginKadoya

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It can sometimes depends on your decision making if your going to buy today or tomorrow, or are you gonna trade for different coins, it will surely revolve on what people are doing with their bitcoin even in a small movement of it, there are some monetary activity of some people that are surely can affect the price of it, but as life goes on always remember that there is no stability in bitcoin fluctuation are always there even if sometimes you think that the bitcoin price don't budge an inch in a couple of days well maybe there are no current activity going on, that is why there are risk that you should be prepared in each and every things that you do with bitcoin.

audaciousbeing

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