What if Bitcoin just hold steady for months and months

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Please leave. You don't belong here. If you think Bitcoin is just a form of investment and see it as if something you can make a profit from than you don't belong in this community. Bitcoin is our revolution to take back control from the corrupted ones.

elizavetausova0112

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Hello. Well he too does not stick to constantly! And it will not be. He will fall and raise ! All on I think slightly

jinksters09

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It's okay. There are really times that the value is stable in how many months but don't loose hope in the future. The best thing is to invest in this moment and take this as an opportunity so that when the value increase surely you will be instant rich. In my opinion the value for now is not a lifetime. Also take this as a good sides because lately there are bad comments reagarding bitcoins. In this case we can assure them that investing in bitcoins is not dangarous instead it was profitable.

Noctis Connor

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Dont be on hurry and dont speculate anything. You are not the only who is experiencing that kind of scenario. Everyone and everything here is on focus and putting effort to get the boom of the price. Just wait for the perfect time and be responsible for every oppurtunity that you will make and take.

SHAWN-MIDWAYS

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A stable currency is a healthy currency and i think day traders will be forced to find a volatile crypto to make some money from it...

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What if Bitcoin just hold steady for months and months

bitcoin is not a centralized currency i think it cant hold steady for months, just my opinion could be wrong

Omega Weapon

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

This is just a small moment of calm, even if this lasts for month or years you need to take advantage of the opportunity, we all know that bitcoin is not going to remain at that price forever and most likely it will go up once again, so if this lasts then save all the money you can and invest in bitcoin, I have been waiting for something like this for months and now that is finally here it is a good idea to take advantage of it.

el kaka22

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Quote from: LFC_Bitcoin on January 30, 2018, 11:26:06 AM

I don’t see sideways price action as a bad thing, if anything it gives potential investors confidence that they’re not going to lose a shit tonne of money. Anybody with half a brain knows that investing in bitcoin will pay off massively in the long term, a bit of patience might be required though.

Sideways markets are always good for another rapid rally. Because sustaining prices will always get into another rally. Usually prices are stable before making another big wave. If bitcoin prices will be steady for months then I guess it will attract more investors. But theoretically there will be less possibility for bitcoin prices to get struck within a range for months.

Quote from: LFC_Bitcoin on January 30, 2018, 11:26:06 AM

Anybody with half a brain knows that investing in bitcoin will pay off massively in the long term, a bit of patience might be required though.

Yes, this could be a reason how stable prices will be attracting more investors rather than the a fluctuating one. When people finding bitcoin is more stable and by analyzing the potential of bitcoin they will get into boat as early as possible.

LFC_Bitcoin

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I don’t see sideways price action as a bad thing, if anything it gives potential investors confidence that they’re not going to lose a shit tonne of money. Anybody with half a brain knows that investing in bitcoin will pay off massively in the long term, a bit of patience might be required though.

Idrisu

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

stability is what bitcoin need in other to be adopted by the socialty. Many online retailers and wholesale shop may like to use bitcoin if the price is stable. We are having instability today because of the way people see bitcoin through the publication by the media house. If you turn your station to cnn you will see how there are published bad news about bitcoin and this creates the sell up we are having now.

Risk taker

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Quote from: ATASKA98 on January 30, 2018, 06:49:50 AM

i say bitcoin will increase the price,the more steady much bigger prices Cheesy

yes you are right bro the bitcoin price will be increase very soon so we need to hold our bitcoin for just two or one month then i hope after its price will touch to 20,000$ again. Now all peoples need to be patients with their bitcoin.

Coffee135

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Quote from: pinggoki on January 30, 2018, 08:41:04 AM

Quote from: Washball on January 29, 2018, 05:02:29 PM

The reason why merchants and quit accepting bitcoins as payment, is because of the high volatility. And the customers have the same thoughts about the volatility, besides the high fees and lengthy waiting times. So, with the narrowing prices, bitcoin can be used more and more what it was meant for: a decentralized currency.

Indeed, voltality is the reason why they are quit to accept bitcoin and that also thr reason why most of the investor preferred to go this coin. Though bitcoin was almost freeze at $10,000 to $14,000 still it is better to gain profit here because bitcoin investment is more likely effective at long term investment. These stability is just temporarily that is why all we need to do is to hold and be patience..

It seems to me that volatility is not the main cause. The sellers don't accept bitcoin because it is inconvenient. Have to wait long for approval of the transaction. High transaction cost is also not stimulates trade. Buyers are also not in a hurry to part with their coins. Now we keep the coins because the price is low. After the price increase we will keep coins expecting that they will grow more.

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

BTC is really like forex and stocks mixed up, but more stable and risky if you didn't study. Just like many big corps, its stock prices fluctuates but would just go up eventually over a long time with few exceptions. Something called demand.

1Referee

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If so, then people should see it as the best possible opportunity available to accumulate as many coin as possible. Your only more worthless becoming fiat currencies will for once be able to consistently buy Bitcoin at practically the same price levels. Seriously, people should stop looking at stagnant periods as being something rather negative. For quite a long period of time last year, your $1000 would only buy you less coins due to how the price has been going up, and now there is a moment where you can enjoy buying pretty steadily within current range. Instead of ending up with less coins for the same amount of fiat, you can now almost buy the same amount of coins for the same amount of fiat - pretty good deal if I may say so.

fabiorem

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Well, if 10% of bitcoin holders control 90% of the supply, we can guess a sideways move for two years would distribute bitcoin more evenly. Any whale selling now would not be able to buyback, as the price wont go down any more.

We just need to spread the HODL cult for the newcomers. The more people holding bitcoin, the more it will succeed.

pinggoki

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Quote from: Washball on January 29, 2018, 05:02:29 PM

The reason why merchants and quit accepting bitcoins as payment, is because of the high volatility. And the customers have the same thoughts about the volatility, besides the high fees and lengthy waiting times. So, with the narrowing prices, bitcoin can be used more and more what it was meant for: a decentralized currency.

Indeed, voltality is the reason why they are quit to accept bitcoin and that also thr reason why most of the investor preferred to go this coin. Though bitcoin was almost freeze at $10,000 to $14,000 still it is better to gain profit here because bitcoin investment is more likely effective at long term investment. These stability is just temporarily that is why all we need to do is to hold and be patience..

Uno17

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It’s been happening lately, it’s just moving very slowly it goes up a little bit and and goes down too, but still we keep holding so there is no reason not to prolong holding more since the interest here is we want a longterm holding and look after for a bigger profit, only patience is all we need inorder not the get bored on this very slow market fluctuation, but this is normally part of the movement, the steady, high and low moments are expected to hit at anytime, so for me i will keep holding no matter where the fluctuation brings to😃

BingoDog

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We have witnessed such situation before, when the prce was more or less stable for longer period. If you rememember that was before bitcoin prise started to climbe over 2000$. Nothing dramatic will happen, just that traders like volatility more because that is something that gives them profit.

ATASKA98

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i say bitcoin will increase the price,the more steady much bigger prices Cheesy

SaShiRaJaVu

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Never expect the price of bitcoin moving higher all the time,just take a look at the rally we had last year and take a look at the graphs earlier and you will understand what it is and why it is and how market performs,even with this situation,there is a massive fluctuation in price ranging over a thousand dollars plus or minus and you think that is a steady market. Shocked

Sir Cross

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Quote from: dmamigo on January 25, 2018, 02:35:54 PM

I liked this stability, it helps in daily or atleast frequent transaction. The confirmation speed is also good enough, better for those who use Bitcoin for transacting other than just trading or investing. Also the volatility mostly shoo away people, who does not have risk taking mentality. Also it is increasing the risk of ban by various countries.

These are the good sides of the price steadiness for bitcoin which we have been experiencing. People have been scared of the volatility of bitcoin and I guess this 'steadiness' would indicate that bitcoin is not 'dangerous' or too risky. This may not benefit the traders but it's not likely for this kind of trend to last long. It's said to be normal for the price to behave like this, and we will be experiencing some large dips or a large shoot up in the price soon after.

richardsNY

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Quote from: Washball on January 29, 2018, 05:02:29 PM

The reason why merchants and quit accepting bitcoins as payment, is because of the high volatility.

Nope. Merchants in 99% of the cases accept Bitcoin through a third party payment processor doing all the Bitcoin transaction processing for them. It basically means that merchants are exempt from the volatility. If merchants state that they quit because of the volatility, they are lying. It's either the lack of usage, or a policy change from higher authority. In most cases it's the first mentioned option due to the fees that people need to pay, where on top of that Bitcoin is a valuable asset with a lot forward growth capabilities -- selling or spending Bitcoin for that reason more often than not results in a big disappointment.

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The reason why merchants and quit accepting bitcoins as payment, is because of the high volatility. And the customers have the same thoughts about the volatility, besides the high fees and lengthy waiting times. So, with the narrowing prices, bitcoin can be used more and more what it was meant for: a decentralized currency.

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I don't think so, I think maybe all of the new trader getting bored because they have no patient so they getting bored. I think it is best to make the buyer as much as possible, because this circumstances are temporary only. so we should hold our bitcoin until the next pump to gain profit.

Palmerson

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Fluctuations in the price of bitcoin has not stopped. Decreased amplitude. I like the volatility. Experienced traders due to this quality of bitcoin to earn more money than people who hold coins and wait for the growth of their prices. It seems to me that volatility attracts the user. Bitcoin is a universal coin. Everyone for themselves the positive qualities and use them.

Ararbermas

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Patience is the must mate. And dont loss hope because if the price start to rise for sure it will make a new jump again , and it seems the price is not yet ready to surge on this moment. So i think this is a good time to buy more and hold, just remove your doubts and buy what amount you can afford to lose and always make some analysis to prevent regrets.. And also try to invest in alt while the bitcoin price is not yet stable because indeed this is just a temporary circumstances .

rizkyhiw

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What makes you bored, currently so stable bitcoin is good for trader.
They can predict the price forecast to rise.
if bitcoin continues to survive like this then it is not a problem.
The fluctuation of bitcoin will soon return, rising rapidly and falling rapidly as well.

fabiorem

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If it become stable, we trade on altcoins to increase our stashes.

Bitcoin can be stable, but this dont means the other coins would be.

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Quote from: timerland on January 25, 2018, 09:05:47 PM

If bitcoin held steady for months, then it would be awesome and it'll prove to people that bitcoin has matured as a store of value.

Nope. It's nowhere near that. What it would mean is investor boredom. This price level is nowhere near maturity. And 'stability' won't mean people start to use it as a currency. Hardly anyone is interested in it for that function.

A vast amount has happened recently both in price action, Bitcoin's own development and things like futures. That's a lot to digest. I expect a lengthy breather and maybe some price falls and not much else for a good while.

Bitcoin bounced along in the $200s for what felt like forever. Perhaps it'll do that again.

timerland

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Isn't that exactly what everyone wants? Bitcoin stability is one of the things that is seriously affecting the practicality of bitcoin for some merchants. The only reason why they are not willing to use bitcoin at this point is the fact that the price can be extremely unstable at times, and if a downward move happens it'll severely damage their business's cash flow.

If bitcoin held steady for months, then it would be awesome and it'll prove to people that bitcoin has matured as a store of value.

Though, i don't think that the period of volatility is over yet. It is much more probable bitcoin goes up around at least $5-10k before stabilizing, or correcting and stabilizing. Right now, the price is still undervalued.

pinoyden

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Quote from: machinek20 on January 25, 2018, 06:32:57 PM

I think its okay for bitcoin hold steady, as long as the price is not drop severely, I am okay with little drop and little up, since the price is already high compare to last year, just be patience, bitcoin is still through a phase, when everything is back on track you will see bitcoin rise to the moon

same here , i also wanted it to be steady rather than keep fluctuating from time to time and make its price really unpredictable. besides bitcoin still had an amazing gains since last year therfor we should still be thankfull at it in the first place rather than whining and complaining about the major drop that recently occuring. but overall im still hoping that bitcoin could recover back again to its peak price to be able for us to gain a profit again and recover most of our losses from the recent dip.

machinek20

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I think its okay for bitcoin hold steady, as long as the price is not drop severely, I am okay with little drop and little up, since the price is already high compare to last year, just be patience, bitcoin is still through a phase, when everything is back on track you will see bitcoin rise to the moon

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Quote from: Hannibalis on January 25, 2018, 03:11:51 PM

Bitcoin is not supposed to increase price everyday. we saw longer periods for Bitcoin keeping the same price or even dumping everyday.
Try to be more patient and the moon will come.

Agreed, the price don't increase each and every day. At rare instance such a growth takes place. These days such a growth took place when the price grew towards reaching the ath price. What's happening at present can be termed to be a stabilized growth because almost the price change leading towards growth is not that big.

smith136

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

That's why alts are there, we can't rely forever on bitcoin if we need an investment that could give us good profits. Just try to look around and you'll see some of cryptos that are way more volatile and has more pumps compared to bitcoin in the last few days or weeks.

Rozita

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You should not expect bitcoin price to rise forever. If you mean bitcoin price become constant, note that it's impossible. But the price can become more stable. I think a day it will happen. Now bitcoin price is very volatile. When bitcoin is accepted by governments, news and rumors cannot affect the price very much. Bitcoin will be like gold with many investors.

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Bitcoin is not supposed to increase price everyday. we saw longer periods for Bitcoin keeping the same price or even dumping everyday.
Try to be more patient and the moon will come.

redhondaxrm125

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Well, this sure is pretty boring. But the thng is, it is still too early for this year's bitcoin price to be shooting up and breaking records by records again. If you wanna invest, it really doesn't matter when since bitcoin will surely go up in the mext few weeks of this year. Because the major problems are being fixed. And if they finish early, this will really make the market cap bigger.

dmamigo

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I liked this stability, it helps in daily or atleast frequent transaction. The confirmation speed is also good enough, better for those who use Bitcoin for transacting other than just trading or investing. Also the volatility mostly shoo away people, who does not have risk taking mentality. Also it is increasing the risk of ban by various countries.

Slow death

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now.

The price has fallen a lot and in January it tends not to go up much, I think this is due to the fact that people use fiat money to pay taxes, there is the Chinese new year and the issue of the regulation that it has in South Korea and in many countries. you will not see many people investing in bitcoin until the situation calms down, see this:

Nasdaq Undecided About Launching Own Bitcoin Futures, ‘Still Evaluating’ Feasibility

They are probably undecided because of regulatory issues.

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

you are evaluating the price daily, evaluate the price monthly or for months and see that even if you evaluate the daily price you will notice that you always have a profit of more than $500. if you want to do day trade, then invest a lot of money so that you will get a lot of profit

Sunnyyy

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I do not think the value of bitcoin will hold a value for months. because bitcoin is really unstable. Value increases or decreases unequally as it is affected by different aspects so it can not hold value for a long time.

zitbau

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If the bitcoin value only holds at a certain price. I think many investors will not choose bitcoin anymore. They will go to another currency. Because bitcoin is very stable and nobody wants to invest in a stable currency because we make a profit by tapping into volatility.

nightxglow

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You can't expect bitcoin price to change drastically just in a moment. It needs a time, and it wont be short.
I know before bitcoin price increase quickly, but if it continues like that, it might be a little scary and may be the end of bitcoin because it's going higher and higher, without any limit and go uncontrol.
I believe that the price will increase, slow but sure.
No need to rush, you just need to take advantage of this moment and invest as much as you can, don't wait until it's too high and you barely afford it anymore.

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I think this little up and down has been only for few days but if you remember the last few months then you should know that how it rises to 20000$ and now suddenly dropped to 10000$ . All this happened in only 3 to 4 months which is quite a lot to take in. So, there is no point of people getting bore as 10 days of constant price doesn't mean that it would not rise again and people are gonna get bored because of this. The price will hike soon and people are gonna make profit out of it.

chidrawarster

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It all depends till what time u wanna hold the positions and reap the profits in the short term or the long term. Everybody have got their level of holding the positions keeping in view of their capital invested . Some may also take profits in the short term and some may take in the long term, thats the only difference.Still there will be volume in the market in both the directions, financial instruments also fluctuate on the news or some kind of trend in the market to reverse or yet to establish.

mOgliE

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Hi,

Your post... Just shows that you don't really understand bitcoin.

Because, indeed, stability is bad for short-term profits. So it is a bad news if you are only using bitcoin as a trading opportunity.

Yet, the aim of bitcoin is to create a currency that can be used be anyone, without the control (and thus potential manipulation) of any financial authority. Banks are working like this, the goal here is to get rid of these. And actually, if you consider bitcoin this way, then stability is a good news. Most people say that bitcoin cannot be a real currency because of its volatility. If prices get stable, then this argument is out!

So, sorry but I completely disagree with you. Stability is GREAT! Wink

ObroQ

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

In my opinion, any profit is a good profit. Big spikes of price would only help those who already have bitcoins and intend to sell them for a good profit. The ones that are buying now must understand that money wo't come overnight because of a price growth (altough it can happen)

aizen10

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bitcoin is not just to gain/earn profits in a very short period of time, we just all be more greedy to earn bitcoin in a very short period of time because of the huge pump of bitcoin last year, but before, year 2015-2016 we are all contented on how bitcoin really works in pump and dump moment by moment and we all dont care when this bitcoin pump more because we are all expected/predicted that bitcoin will pump/grow in the year 2020 but it all happened early as expected at last quarter of the year 2017, and now we are all have a greed mind to earn more profits in just very short period like we all experienced recently.

Haynes

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

yes, pump and dump is not so significant right now. but the current circumstances provide an opportunity for people who can be patient for several months ahead. precisely if they really want to buy it now and sell it about 6 months ahead I think the price will change and we can get half a percent of all profits. I am predicted from the state of bitcoin price in the previous year.

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some people want stable price but volatille in bitcoin is not really bad and most of us expect can utilize those volatillity because we can buy at low price and sold at high price but if bitcoin price stable from months to months then probably people will hold their bitcoin for long term purposse until see the price will jumping again too or possibly too people will went to altcoin trading

1kings

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That stability is good. There's been too much frenzy lately. Especially Q4 2017. slow and steady growth with occasional losses is reasonable and sustainable. The steeper it rises, the harder it's fall. Like we have now.

So far you didn't buy only at the December 2017 ATH. You have no reason to worry. If that was your only entry, then buy more. Yes, buy more and average your expenses on it. Then hold.

You'd be glad.

fulmetal08larz

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Bitcoin is showing signs of reversal but the momentum might not be the same with trading that happened last Q4 of 2017. It could be rising gradually and we may be able to see another new all time high within the year 2018. What's best to do is cost averaging method and have a target goal for long term investment in BTC.

BitcoinPanther

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

The best thing to do during this time is to hold you bitcoin, since it not profitable to trade it since fluctuation isn't that high to get a good profit. Though I believe this is the better time to invest on a more volatile market such as altcoins and convert back when Bitcoin shows a sign of being bullish. Just make sure that you are already in a profit when you convert your altcoin to bitcoin else, you will be at a lost if you decided to convert it back to bitcoin at a lower price.

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Quote from: kier010 on January 25, 2018, 06:39:42 AM

well bitcoin before have been steady and slowly rising for years but many still buy and hold. speaking of profit those people that been buying and holding since 2009 have become rich. because of this pumping high and pumping low some people minds are affected by it and they only think of profit. what to do is buy and hold and leave it for months or years.

Holding bitcoin is definately good for future. But holding only for few months will not work i guess. Because those people who had already hold their bitcoin from 2-3 year back only getting good money. Now a days bitcoin price is not rising much since starting of January 2018. Bitcoin is volatile and it cant be steady for longer. So keep your hopes because definately it will rise soon. But we cant predict exactly in how many months it will take, Just wait, hold and watch...

Dudeperfect

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I understood your concern, However, I think that this is something called a rest period. We have experienced the rally in the last year and then price fall (I appreciate the fall as I believe that it will help Bitcoin to stabilize the levels and grow in the long run). I am expecting a sustainable growth in the rest year and it will start after the first quarter of this year in my opinion.

Bryan_12

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It may be that some people lose interest, since other cryptocurrencies that are within their "competition" if they are again taking a rise in their value, increasing it as much as they can, so I think that not only should invest in btc, always be you can have a second option like ripple

hitrawal91

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BitcoinSN - The Real Bitcoin!!!

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I think your approach towards the market is not the right one mate, let me clear you few things clear first. Bitcoin has previously moved more than we expected which was it's trending period where of course the volatility will be high, and now the bitcoin is under consolidation phase or sideways trend going on where the bitcoin isn't moving much and here the volatility is very low comparing to trending phase and this how the market used to behave as they have different trends in their market cycle just like we use to see different weather seasons in different time periods and places but that does not mean its boring for people. In fact, you can use this opportunity to invest small amount here and scale up when the bitcoin start moving up or else you can also opt bitcoin and focus on other altcoins if you are really worried about profit.

bitctrimor1

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Quote from: kier010 on January 25, 2018, 06:39:42 AM

well bitcoin before have been steady and slowly rising for years but many still buy and hold. speaking of profit those people that been buying and holding since 2009 have become rich. because of this pumping high and pumping low some people minds are affected by it and they only think of profit. what to do is buy and hold and leave it for months or years.

That's right. I think that it's always part of the expectations once you venture in the cryptocurrency market. Bitcoin, upon checking its past trends, have always had that trend where it becomes stable and stagnant for months at a time. Its value may vary but only in small differences from its prevailing price point margin. Like for now, it has already stabilized between 10-11k dollars after losing about 36-40% value in the last month. I think bitcoin's price point would stay in that range until such time it catches fire again and gain value. I guess to answer your question, being patient is a key virtue in every venture you do in this market. If you don't know how to wait, it can lead to detrimental results.

paul00

sr. member

Activity: 854

Merit: 257

I think slow movement on the value of bitcoin is part of its nature. It is not all the time that users will experience an extreme movement out of it since there are factors which may be affecting this. I think that if the value of bitcoin is at its current state for a long time, users must think of other ways to earn despite its slow movement and not just focus on trading of coins.

MRN94

newbie

Activity: 20

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Granted bitcoin isn't moving as much as it used to but for investors it is a good thing. Most people buy when the price is low and sell when the price is high. trends from the past three years show that at the start of the year, bitcoin doesn't move that much. It usually stays along a fixed line. But as the year progresses, it starts to hit new highs. For investors making long term investments, a low price is good news. But for people expecting to make short term profits, they might just have to wait for bitcoin to go up and then continue from there.

wildflower18

sr. member

Activity: 714

Merit: 250

Quote from: Conundrumwas on January 25, 2018, 07:22:40 AM

I actually hope Bitcoin will remain steady in current levels until it has found a solution to its congestion issue through the lightning network... I don't see any reason why Bitcoin should rise further when the demand for it is clearly not that high anymore.

There is nothing wrong for now if bitcoin will remain steady. You know what, bitcoin ever since is volatile it will not steady for long. Bitcoin have been rising or going down for the past months so I dont see any suffecient ground that it will be steady for months.

FrueGreads

legendary

Activity: 1582

Merit: 1059

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

This would be correct from a trader point of view, but that is not the main purpose of bitcoin. It's easy to think that way, since most people only hear about the prices, and the volatility, and right now there isn't much use for bitcoin because of it's high fees and slow transaction times. But bitcoin was not created to become a trading asset. If you take fiat for example, you can trade it on forex markets, but most people use fiat to trade goods buy buying and selling products, and receiving their salaries in fiat etc. Bitcoin is suppose to act like this. People should use it as a store of value, and then use it to buy and sell stuff.

If you look at things from this point of view (bitcoin as a currency and a payment method), then you will understand that the volatility is actually a bad thing. There will be nothing boring about using bitcoin this way, because it will be a universal and decentralized form of payment. You will be your own bank, and you will not lose value if your country is not doing well. It's a perfect combination of gold and fiat, and there is nothing boring about that.

cryptomoon123

newbie

Activity: 84

Merit: 0

You missing the big picture.. We live in a world today that has both Bitcoin and Fiat, but we are approaching a world with only Bitcoin and No Fiat.. So the stable price you talking about is based on the present ecosystem ( where fiat and bitcoin coexist) and not based on the future ecosystem ( with no fiat)..

If you buy 1 BTC at 19k, and the price decreases to 10k. you still have 1 BTC... If you give merchant 1 BTC for services and the USD price of BTC decreases, merchant is not at loos.. He still has 1 BTC.

havok1998

member

Activity: 102

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

It will be good even if bitcoin holds steady for months cause if btc stays stable, alts will rise giving us profit in any alts we have invested. it should just not fall below its support line to keep market in good position.

Conundrumwas

newbie

Activity: 30

Merit: 0

I actually hope Bitcoin will remain steady in current levels until it has found a solution to its congestion issue through the lightning network... I don't see any reason why Bitcoin should rise further when the demand for it is clearly not that high anymore.

VitKoyn

full member

Activity: 490

Merit: 106

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I don't agree with you that Bitcoin price is not moving too much like it was before, what is happening right now is Bitcoin price struggle to move upward but the volatility is still there. And I don't think that it is a valid reason that prevents people to buy more Bitcoin because it is still a good time to buy knowing that it can grow up to $20000 or even more. Short term investor might hurt about this kind of movement but this is all normal, there are lots of FUD coming out every single day so what do you expect?

To answer other comments here, yes Bitcoin is designed to be a currency but we can't avoid the fact that it is also a good investment and people will take advantage of that.

Bonakid

full member

Activity: 224

Merit: 121

There are so many speculation in bitcoin price for now,going down and going up would be possible to do always the same.I think it earn a profit if we hold and just steady our bitcoins for months.I have a friend who holds a bitcoin for months and so on months but until after a long months she check it and its great to earn an income on the btc she holds for long.So it is okey to hold because there is always a flactuations and our money would earn if we wait in patient.

babyshaun

full member

Activity: 230

Merit: 110

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

bitcoin's market price is not boring for me this is opportunity. The bitcoins are now priced at the price of the newbie to get the price of bitcoin. That's the people who do not know the world of crypto currencies. Note Bitcoin is a currencies that can change its price. I noticed that many people have been disappointed with the price of bitcoin especially those who have bought the most expensive bitcoin prices especially they have sold cheap prices and they say that borring i quit bitcoin.

Before we enter into an investment we will lose our education and how it will expand the other people just hope this forum is how to earn and to see it over and over again. Research first before reactions.

Nanot

member

Activity: 266

Merit: 10

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

I think that when you have the scenario that bitcoin is stready from this month to month. That was so not bad maybe it was so annoying but still it is better when its rises rather than lowering down. I think also that when price has stabled from a consequitive months it is big opportunities to the people who does nor really had a bitcoin to buy because since its price is in stable level it was a great help to those kind of people.it also gain more invrestors and buyers.

jmigdlc99

sr. member

Activity: 784

Merit: 282

Unlikely, especially now that bitcoin is in mass speculation mode where anyone influential can say something and affect bitcoin's price. Bitcoin has always been a volatile commodity and when it becomes stable, that will probably mean it is already accepted as the global currency.

Alone055

sr. member

Activity: 1204

Merit: 290

Boring? I don't think entertaining people was the idea in Satoshi Nakamoto's mind when he thought of creating Bitcoin. His purpose was to make a decentralized currency to provide a better mode of payment with lower fees and faster transaction times to the people. Today if people take Bitcoin as a source of earning money, that is totally a later-made concept and was never the primary focus of the currency. And no matter how stable it becomes, it will always be the same for the one's who are using it for all the advantages it provides beside its price.

SUDARMONO

full member

Activity: 504

Merit: 100

the slight rise and fall of bitcoin prices to me does not matter much, because we can still buy bitcoin and make a profit in altcoin, and later when bitcoin rises we will benefit two fold from the benefits of bitcoin and coin altcoin.

sharm2121

member

Activity: 238

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

For me its ok because our bitcoin is just there, we just have to wait when will bitcoin rate increase. Just hold your bitcoin, dont sell it. Its more boring if the bitcoin will not increase or decrease anymore Cheesy

cynical

full member

Activity: 490

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Quote from: Schmolke on January 25, 2018, 06:37:32 AM

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Sorry but your posting is the perfect example for what is wrong with the bitcoin community. ^^ It was designed to be a currency and guess what the best currencies are "boring" as fuck. But 90% of the people that are in bitcoin now don't now shit about currencies, markets, rules and other stuff. They are stupid "OMG, I want to be rich tomorrow." fools The fun part is that these people are the ones that make the smarter people earn money. And right now every newbie is late to the party. I bought my bitcoins 4 years ago and I sold them 4 weeks ago. I made decent money over that 4 years but even that was a.) a very short period of time to earn that much money and b) it was way more than what I expected. But right now it is like almost everyone thinks he has to become rich in no time while the hype train already has left the station.

I agree but dont mean any offence to the OP.
Crypto is seen more now as something to make a profit off.
Crypto should be used more, there needs to be more adoption by buyers and merchants.
Bitcoin is kind of stable now, which is perfect for a situation of buying and selling goods,
instead of the senario where you buy a phone for 100$ today and bitcoin rises by 25% in 2 days and you are kicking yourself for not waiting.
ideally a slow steady rise over the medium to long term is preferable for a proper working coin.

ManaMan

member

Activity: 238

Merit: 38

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Well this is pure speculation and there is still a lot of place for you to earn money. Simply look everyday on markets and search by BTC/ETH value and you will notice that if bitcoin is not doing huge swings, some other altcoins are. Bitcoin is still way faster to make money around that stock market which is even slower. It is hard to earn maximum profits out of trading.

You know what I love about holding? That I don't have to think about the price and if there is some service that accept bitcoin or some altcoins I'd rather pay in cryptos if I have any to spare than with fiat if I can why not.

Bitcoin is not all about making money, it is about freedom.

Quote from: ktabb on January 25, 2018, 06:43:16 AM

It's kind of a conundrum. When bitcoin is volatile, it can't really be used as a currency because of its lack of stability. It attracts a lot of investors but it harms the ultimate purpose of bitcoin. When it is stable, however, nobody is interested in it anymore, and therefore it is difficult to use as a currency because of lack of ownership. As soon as more people start to adopt it, it becomes volatile again, and the cycle keeps repeating. This is one of the problems that bitcoin needs to overcome if it is going to achieve the kind of acceptance it would need in order to warrant some of the sky-high predictions we see on these forums and in the media.

This is because many of them use it as an investment, rather than as a currency. Plus I know some of my friends won't even think of spending their coins on services and stores and products because as they say "what if price goes up in future I will lose my investment" - many people have wrong understanding of what this actually is and for what it is made for.

ktabb

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Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

It's kind of a conundrum. When bitcoin is volatile, it can't really be used as a currency because of its lack of stability. It attracts a lot of investors but it harms the ultimate purpose of bitcoin. When it is stable, however, nobody is interested in it anymore, and therefore it is difficult to use as a currency because of lack of ownership. As soon as more people start to adopt it, it becomes volatile again, and the cycle keeps repeating. This is one of the problems that bitcoin needs to overcome if it is going to achieve the kind of acceptance it would need in order to warrant some of the sky-high predictions we see on these forums and in the media.

kier010

full member

Activity: 532

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well bitcoin before have been steady and slowly rising for years but many still buy and hold. speaking of profit those people that been buying and holding since 2009 have become rich. because of this pumping high and pumping low some people minds are affected by it and they only think of profit. what to do is buy and hold and leave it for months or years.

Schmolke

newbie

Activity: 25

Merit: 5

Quote from: imapessimist on January 25, 2018, 06:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Sorry but your posting is the perfect example for what is wrong with the bitcoin community. ^^ It was designed to be a currency and guess what the best currencies are "boring" as fuck. But 90% of the people that are in bitcoin now don't now shit about currencies, markets, rules and other stuff. They are stupid "OMG, I want to be rich tomorrow." fools The fun part is that these people are the ones that make the smarter people earn money. And right now every newbie is late to the party. I bought my bitcoins 4 years ago and I sold them 4 weeks ago. I made decent money over that 4 years but even that was a.) a very short period of time to earn that much money and b) it was way more than what I expected. But right now it is like almost everyone thinks he has to become rich in no time while the hype train already has left the station.

imapessimist

jr. member

Activity: 266

Merit: 1

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Topic: What if Bitcoin just hold steady for months and months (Read 762 times)