Topic: Something is wrong with BTC - page 2. (Read 2568 times)
I really believe we could go either way now. Bitcoin needs at least a certain amount of acceptance in the common public, and if it should fail to achieve that, it isn't exactly wise to speculate on its future growth anymore. Hedge and wait for a definite bull market. Just my opinion, though...
I agree, having a stable price is better than having a price that keeps increasing and decreasing giving us a false sense of hope most of the time. I personally would rather see a stable lower price than a higher price that keeps changing all the time.
I think it's nice to have a stable price, at least for a moment.
Its because there is a single big seller who is trying to gradually dispose of a large quantity of coins for cash. They sell coins at $500. This causes the price to go down. They wait for it to come up again, then sell again, etc. Whoever it is justs want to sell off their stack at $500. Thats why the price is pinned at that level.
In a truly free market supply and demand rule the day. On the bright side sideways movement reduces the volatility that detractors always complain about.
BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?
Bitcoin has nothing to do with its price in USD/EUR/CNY/JPY/INR/GBP etc. This is determined purely by the market dynamics of free market.
BTC is suffering something very strange. I mean, can someone explain, please, what is going on with the price that stuck between 450-500 USD; is ithis normal or is jut me making a scene?
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