What keeps Bitcoin price stable? - page 2.

n0ne

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Quote from: jualidbitmixer on April 10, 2017, 08:28:22 PM

Quote from: Memento on March 08, 2017, 04:00:23 PM

Price rising = rumours + good news
Price going down = bad news + panic selling + whales cashing out

But what factors keep Bitcoin price stable?

Actually price can also going down or stable because of rumours too. If the rumours is bad about bitcoin the price can easily down and if there's no bad/good news, the price of bitcoin become stable. The 'Whale' player also contribute about the price.

The whales manipulate the price at unexpected times with huge volume buying and selling transactions. During this they most of the time create a down trend and make use of the opportunity buying as much possible from the users who sell because of the panicked state. The stabilty is gained often with respect to adoption and technology updates.

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Quote from: aso118 on April 10, 2017, 08:23:09 PM

Quote from: timerland on April 09, 2017, 03:57:57 PM

There are many thing going on in bitcoin world (and in cryptocurrency world too) right now.
Miners are divided, and the 1200$ level is an mental barrier for some of new users, but most importantly we can see a strong resistance over there.

We need at least 1300$ break to see somthing bigger going on.

We are flirting with the $1200 barrier again now. Since this barrier has been surmounted in the past, I expect it won't last for long.
If there is any positive news (with respect to the blocksize debate), we are headed to ATHs again.

I dont mind if we stay around the 1200 dollar price for sometime.Bitcoin need stability at high price. It is no use if bitcoin jumps to $1500 in a day and then dump back to 1000$. To be able to sustain a high price is more important in my point of view.
Seeing bitcoin is on high price really makes us all happy.

jualidbitmixer

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Quote from: Memento on March 08, 2017, 04:00:23 PM

Price rising = rumours + good news
Price going down = bad news + panic selling + whales cashing out

But what factors keep Bitcoin price stable?

Actually price can also going down or stable because of rumours too. If the rumours is bad about bitcoin the price can easily down and if there's no bad/good news, the price of bitcoin become stable. The 'Whale' player also contribute about the price.

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Quote from: timerland on April 09, 2017, 03:57:57 PM

There are many thing going on in bitcoin world (and in cryptocurrency world too) right now.
Miners are divided, and the 1200$ level is an mental barrier for some of new users, but most importantly we can see a strong resistance over there.

We need at least 1300$ break to see somthing bigger going on.

We are flirting with the $1200 barrier again now. Since this barrier has been surmounted in the past, I expect it won't last for long.
If there is any positive news (with respect to the blocksize debate), we are headed to ATHs again.

BitHodler

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Quote from: timerland on April 09, 2017, 03:57:57 PM

There are many thing going on in bitcoin world (and in cryptocurrency world too) right now.
Miners are divided, and the 1200$ level is an mental barrier for some of new users, but most importantly we can see a strong resistance over there.

We need at least 1300$ break to see somthing bigger going on.

I wouldn't focus too much on reaching $1300 as long as the situation is more or less still the same. FUD can at any moment strike in and cause a massive wave of panic sellers to take the price down again.

This nonsense will last until consensus is reached to get SegWit activated. And then it will just be a relatively short term solution as it won't take much time before we see that even 2MB blocks aren't enough due to the demand.

As long as this is the case, there will be many more ups and downs that we will face. Good thing is that it will allow traders to optimally benefit from the frustration and panic that echos through the market.

timerland

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There are many thing going on in bitcoin world (and in cryptocurrency world too) right now.
Miners are divided, and the 1200$ level is an mental barrier for some of new users, but most importantly we can see a strong resistance over there.

We need at least 1300$ break to see somthing bigger going on.

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If we look at the past performance since bitcoin's commencement of operations and takes it to the current trend, there is no such thing as stable price happened in bitcoin price.

Now look..

The interesting part here is the resistance builds in every push (bull) and able to withstand any attempt to make the price go lower (bear) for up to price that is still considered as high. Recently we saw that the price being pull down to it's lowest this year which is on $800 level after being on above $1200 and now look as we sit again at that range. So called negative news or FUD really plays a big factor why other people are enjoying profit with today's price. Taking advantage doesn't always with the positive news but also with the negative one.

radjie

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Request for many people who want to sell or buy a bitcoin if he was in a hurry to sell it will be decreased and vice versa, never a good stable prices rise even higher can also be dropped or the difference is not much because the market demand

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Quote from: Memento on March 08, 2017, 04:00:23 PM

Price rising = rumours + good news
Price going down = bad news + panic selling + whales cashing out

But what factors keep Bitcoin price stable?

Is there a real big reason to it? is it always like that? if the bitcoin price is high there is a good news that are happening in the community, or if the price are going down there are bad things that are happening! or it is just a fluctuation going? but I think bitcoin price are stable and not getting up and down that much and in my opinion I highly think it is because of japan trusting bitcoin right now and accepting bitcoin.

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Quote from: aardvark15 on April 09, 2017, 10:39:15 AM

It seems that Bitcoin is established enough now that it will always hold value. There are a growing number of individual investors as well as merchants and gambling sites etc. There are also countries where inflation is high where people convert fiat to Bitcoin just as a store of value.

Individual investors we just see in this forum, but if you look outside many International MCNs started implementing block chain technology. This is been implementing due to better understanding about the crypto programming security.
Gambling and other merchants being invest on bitcoin due to its price range and hassle free to use in these kind of site. People also easily use bitcoin instead of fiat in gambling sites.

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Quote from: aardvark15 on April 09, 2017, 10:39:15 AM

It seems that Bitcoin is established enough now that it will always hold value. There are a growing number of individual investors as well as merchants and gambling sites etc. There are also countries where inflation is high where people convert fiat to Bitcoin just as a store of value.

yes they do fiat conversion into bitcoin just as an investment. but only a small percentage that are actually investing. while most only use bitcoin as an investment for a moment, they just took advantage and not want use bitcoin in their daily lives.

aardvark15

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It seems that Bitcoin is established enough now that it will always hold value. There are a growing number of individual investors as well as merchants and gambling sites etc. There are also countries where inflation is high where people convert fiat to Bitcoin just as a store of value.

iqlimasyadiqa

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which keeps the price stable bitcoin is no negative effect that could make bitcoin exchange market panic.
when the bitcoin users do not experience a panic, then the price of bitcoin will be very stable.

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Quote from: Stedsm on April 05, 2017, 12:36:16 PM

What I am seeing currently shows that there might be two scenarios: One is either nobody is interested in trading Bitcoins unless any fixed news on hard fork,

I believe once there is no one interested in trading Bitcoin its demand will weaken and thus, price will fall. This does not look stable to me. I believe a stable currency even if it is fluctuating in price had lots of support and demand.

Quote from: Stedsm on April 05, 2017, 12:36:16 PM

other is there is a point where supply and demand meets where both parties are interested in buying and selling at a fixed price, so that's what might be the reason that is keeping Bitcoin's price to remain stable.

For me stable does not mean staying in the same figure through out the year. It is not being stable, it is being stagnant. Stable price means if there is a huge dump, demand will resist the dump and Bitcoin market will not crash.

I believe that it is the technology, promotion and advertisement, merchants and influx of new users that keeps Bitcoin price stable.

Amph

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what keep the price stable is the both thing you said will balance out eventually, and make the value look somehow stable but the value of bitcoin is not actually never stable

because it need to go higher, to help miners have their profit per day while the reward will be lower, stability it's bad for now, bitcoin need to grow, to become stronger

and to do this, you need price correction and people dumping, to consolidate more every new point and make it a solid bottom

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Quote from: Memento on March 08, 2017, 04:00:23 PM

Price rising = rumours + good news
Price going down = bad news + panic selling + whales cashing out

But what factors keep Bitcoin price stable?

In my opinion it is not stable from the time when I started because the bitcoin selling and buying speedly going on in the internet so we can't say there are based news effecting bitcoin , well here a good thing that flutuation in the bitcoin is s profitable thing for us to make earning ( I mean trading job ) .
Here also the news of real descion of the governments of the countries about the bitcoin increase the bitcoin flutuation more ( for example when a state of Russia got banned to use bitcoin and the price got down )

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Quote from: Memento on March 08, 2017, 04:00:23 PM

Price rising = rumours + good news
Price going down = bad news + panic selling + whales cashing out

But what factors keep Bitcoin price stable?

In my opinion it is only the demand that is making it stable or non stable .
Here you can see clearly that sometimes bitcoin rise more than what we expect , that is only due to the demand , the price of bitcoin is fully depends upon the buy and sell ( I mean your point is right at much extent ) .
No doubt that currently price is stable which is only due to the normal demand of bitcoin in the market and still no one new service is announcing to enter in bitcoin , and also a new conversation is going on bitcoin in India whether to accept or ban bitcoin in India .
Hope everything gone ok and price will increase .

Cherylstar86

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Bitcoin became stable these few months ago because it's been used by many users who believed the true power of digital currency to the lives of the people. However there were challenging moments of bitcoin, but still many investors really trusted the btc stability although price is somewhat fluctuated compared to fiat currency money. It's getting more stable and the demand is getting higher again after the fast decreasing currency value.

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Bitcoin market is not modeled after Forex market but because of its limited supply resembles commodity trading a bit more.
That feature alone will give people hope that price of BTC will have always slightly upward trend.

The higher the market cap and number of users of BTC growth, the lower the spikes of price will be.
Also in theory less volatile price = more merchant acceptance, which will boost price - and here we have full circle.

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Quote from: pacifista on April 07, 2017, 08:10:41 PM

Quote from: Memento on March 08, 2017, 04:00:23 PM

Price rising = rumours + good news
Price going down = bad news + panic selling + whales cashing out

But what factors keep Bitcoin price stable?

Increasing in the demand should be one factor..panic selling ,bad news are only reasons to make the whales more dominant in the bitcoin world. However it could prevented by holding and by not be affected by rumors or bad news.

Rumous and bad statements were common with not only bitcoin, most of the virtual currencies have the same. Only thing we can do is continued support to make it move in the growing path without considering those. Holding is good, but here to whales try to have a control on price move which at times make the price unstable.

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