Where will Bitcoin stabalize?? - page 2.

Saint-loup

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Bitcoin will never stabilized because it’s not a stablecoin. It will keeps changing the price even on normal days or sideways because it’s high volatility asset and most of its holder especially retail trader is just buying it for short term profit. The futures/perpetual trading too is one of the main reason why Bitcoin will never be stable because whale is playing it and having a huge profit by shaking all the liquidation of poor retail traders position.

This volatility will never stop unless it will be completely regulated even the centralized exchange that facilitating fraud trading from whales.

I partially agree with you but whales don't need futures or perpetual swaps to make short and long squeezes against retail trader positions. Even leveraged positions of margin traders can easily be liquidated on crypto exchanges.
To get real stability we need more adoption for daily use cases.

_BlackStar

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Quote from: lixer on June 30, 2022, 01:54:36 PM

And even the stable coin themselves is not also stable sometimes but there are times where their value drops under a dollar although this cant last for a long time not unlike to a non stable coin crypto which can go up and down at a longer duration. A stable coin is still recommended to use for those who wants stability.

If anyone says stablecoins don't fluctuate, then have him or her review the price charts of all those stablecoin before making a decision. There are conditions where stablecoin are more expensive than usual and there are times when they drop lower and it always has to do with bitcoin price volatility.

OP, the only way you can achieve bitcoin price stability is when you ignore the volatility of the price in fiat. That means you have to think 1 bitcoin = 1 bitcoin and no longer 1 bitcoin for multiple digit numbers in $$$$$. This means that you will never see a stable bitcoin as long as there is a demand and supply that is always different every second in 7x24 hours. So it is realistic to think that bitcoin will never be stable in fiat.

lixer

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Bitcoin will never stabilized because it’s not a stablecoin. It will keeps changing the price even on normal days or sideways because it’s high volatility asset and most of its holder especially retail trader is just buying it for short term profit. The futures/perpetual trading too is one of the main reason why Bitcoin will never be stable because whale is playing it and having a huge profit by shaking all the liquidation of poor retail traders position.

This volatility will never stop unless it will be completely regulated even the centralized exchange that facilitating fraud trading from whales.

And even the stable coin themselves is not also stable sometimes but there are times where their value drops under a dollar although this cant last for a long time not unlike to a non stable coin crypto which can go up and down at a longer duration. A stable coin is still recommended to use for those who wants stability.

It's useful on certain occasions like if you want to save up or you want to have something in preparation for the bear market to be able to buy more coins. If let say regulation is the only way for btc and other cryptos to stabilize, I still don't think that most us will like it even if regulation do have other benefits because it already breaks their true purpose.

Minecache

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Quote from: BobK71 on June 26, 2022, 11:13:17 PM

Quote from: Flyingjack123 on June 14, 2022, 02:32:02 PM

There have been different events pouring in and a lot of people are jittery that bitcoin winter is setting in.
The fall of celsius, though it rebound back is another chip down
Many crypto exchanges are laying off employees.
Yet many well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

In the meantime we’re in the crypto winter. The result of several events, it may be too long for me. Celsius, Terra Luna has called for crypto winter during this time. Now it is on going, it's not easy to get rid of form here. Many people think that the global situation is not good. There is also the possibility of Russia-Ukraine war longer. So bitcoin may be stabilized in 20k until the winter is gone.

And now that it's the collapse of 3AC, I don't think the market will stabalize anytime soon with the current series of incidents. In addition, the inflation situation has not improved, so the Fed will definitely approve a rate hike. There will not be a stabilization of Bitcoin anytime soon, but it will continue to fall at its current price. I predict bitcoin will not be able to stabilize before the end of the year, this sharp volatility will last until the end year.

sensimilia

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Currently Bitcoin has dropped below 20 thousand. My idea is that the price of Bitcoin could go down a lot more. So we should not invest in Bitcoin right now. If you wait a few more days and understand the market situation and buy Bitcoin in a few steps, you will definitely get profit.

FlamingFingers

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Lots of people are drawing a technical analysis chart to bottom at 17k+ but it looks like there is still no huge volume to show that the previous 17k we reached is the bottom, I just hope bitcoin will not reach such price again for now because the fear index is just too high, a claim at 22k will bring a little bit ease to the market

RashidulIR

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Quote from: Retiicle on June 26, 2022, 10:48:16 PM

It’s hard to tell. But analysts are saying that will go down to 12k.

Everything is possible in cryptocurrency but I don't think bitcoin will come in 12K. Made a side wave at 20K and 21K, it broke today and comes to 19820 Dollars. According to many analysts, it may come to 15K but let's see where Bitcoin can create its bullmarket.

cryptosize

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Quote from: Clochaard on June 28, 2022, 11:31:11 PM

Crypto market being a nascent market, it is very difficult to predict the exact time when and where bitcoin will stabilise. This might be achievable if bitcoin is used parallel to fiat and is accepted altogether.

BTC might not "stabilize" until 2140.

Clochaard

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Crypto market being a nascent market, it is very difficult to predict the exact time when and where bitcoin will stabilise. This might be achievable if bitcoin is used parallel to fiat and is accepted altogether.

Sebas.tian

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Quote

I think it will be stabilized after June. This month has historical data about the dumping situation.
Every year in June we will see such kind of drama, panic selling will be increased a lot in June and December.

Now I stopped buying new bitcoins, I'm waiting for the last bottom, when it will be stable after June I will start buying again.
I know it can be fallen again after June but I'm ready to buy every dip now. I don't want to lose this opportunity anymore.

I believe the price will definitely increase higher next month, because every July bitcoin price used to improve higher which many investors that purchased a huge amount of bitcoin few months ago will start earning something good from next month. We are still in a bear market which many people has used this opportunity to prepared well for the bullish market to appear before they can sell to make a good profit from the market. I think, the price will definitely move from $20,000 to $60,000 in next month because the market price is demonstrating some signs of increase higher soon.

BobK71

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Quote from: Flyingjack123 on June 14, 2022, 02:32:02 PM

There have been different events pouring in and a lot of people are jittery that bitcoin winter is setting in.
The fall of celsius, though it rebound back is another chip down
Many crypto exchanges are laying off employees.
Yet many well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

In the meantime we’re in the crypto winter. The result of several events, it may be too long for me. Celsius, Terra Luna has called for crypto winter during this time. Now it is on going, it's not easy to get rid of form here. Many people think that the global situation is not good. There is also the possibility of Russia-Ukraine war longer. So bitcoin may be stabilized in 20k until the winter is gone.

Retiicle

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It’s hard to tell. But analysts are saying that will go down to 12k.

Penelope Wheeler

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I don’t think that the bitcoin prices will ever stabilise because if they do, there won’t be any market. No traders would buy it and no one would sell it and obviously, there won’t be any profits. It will become a fiat currency that not all shops accept. The Bitcoin holders will have their investments going in vain.

GeorgeJohn

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Quote from: pakhitheboss on June 20, 2022, 09:32:54 AM

In my opinion it will trade between the range of 18k to 20k for quiet sometime now. I think this is because of uncertainty, as their can be a global economy depression like the one we hand in 2008. The thing is that we all thought that Bitcoin will not get affected by the world economy but the truth is it does.

we should ask ourselves what is the world economy first before concluding or come to conclusion. From what i noticed, bitcoin has its own way of regulations and what stablize it's value. And it's very obvious that it's the demand and supply of cryptocurrency. And it happens due sufficient and insufficient level of investor's who return to the market or demands for cryptocurrency. The only thing bitcoin validation is negative information which portray or speculate negatively about disvalue or no regards of cryptocurrency or war crisis's.

n0ne

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Quote from: pakhitheboss on June 20, 2022, 09:32:54 AM

In my opinion it will trade between the range of 18k to 20k for quiet sometime now. I think this is because of uncertainty, as their can be a global economy depression like the one we hand in 2008. The thing is that we all thought that Bitcoin will not get affected by the world economy but the truth is it does.

What we experience right now is kind of stability gain. Maybe this could push the market or could drop down. The global impact too is disturbing the market, and this is all because of its adoption and widespread happening around. If this hasn't coexisted with the traditional market, now the market movements could've been something different from what we're experiencing.

In the beginning days the impact isn't felt much, as the market isn't that big. Now slowly things have changed and the same is making unexpected moves in the market.

taufik123

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Quote from: Rigon on June 20, 2022, 10:51:23 AM

The market is completely out of control at the moment. No man-made analysis is currently working.The market is moving at its own pace.When the bitcoin market exceeds $20k and stands at $17k but people lose a lot of confidence from the market.However, if the market is fixed in a certain place, people will regain confidence in the market I think if the Bitcoin market stabilizes between $36k and $48k dollars, it will become a fairly reliable market for everyone.

If you look at the Daily chart, Bitcoin is still in a downtrend Console. $17k becomes a strong support point, if it breaks it will lead to bearish support in the $14k-$12k price area.
The market is still unstable and is still trying to reach the Flip Trend point.
The bitcoin market excitement will return again if it succeeds above the $35k price. We just need to hope that there is no negative sentiment about bitcoin so that there is no significant price effect. Bulls are coming.

yhiaali3

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In these difficult global economic conditions, the economies of major countries are in great decline and global markets are in a state of deterioration, the Russian-Ukrainian war has caused a significant negative impact and led to high prices and high energy costs, all of these things are making things turn for the worse and it is difficult to predict when this bearish market will stop, But in my personal opinion, if Bitcoin manages to hold at the $20,000 area, this is a very good positive sign and an indication of a near upside. Let's wait for the monthly closing and then we can judge.

Rigon

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Quote from: Flyingjack123 on June 14, 2022, 02:32:02 PM

There have been different events pouring in and a lot of people are jittery that bitcoin winter is setting in.
The fall of celsius, though it rebound back is another chip down
Many crypto exchanges are laying off employees.
Yet many well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

The market is completely out of control at the moment. No man-made analysis is currently working.The market is moving at its own pace.When the bitcoin market exceeds $20k and stands at $17k but people lose a lot of confidence from the market.However, if the market is fixed in a certain place, people will regain confidence in the market I think if the Bitcoin market stabilizes between $36k and $48k dollars, it will become a fairly reliable market for everyone.

PX-Z

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Quote from: pakhitheboss on June 20, 2022, 09:32:54 AM

The thing is that we all thought that Bitcoin will not get affected by the world economy but the truth is it does.

It always does, people with big names usually speak like bitcoin is a hedge against inflation due to limited supply and it will just grow time after time and may decrease due to correction or bear season but just a bit. But look at now, almost over 50% of its value decrease in just a month due to world issues. I don't hate bitcoin if you're going to tell me that, it's just people always over hype bitcoin against inflation.

pakhitheboss

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In my opinion it will trade between the range of 18k to 20k for quiet sometime now. I think this is because of uncertainty, as their can be a global economy depression like the one we hand in 2008. The thing is that we all thought that Bitcoin will not get affected by the world economy but the truth is it does.

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