Why are we stuck in the $600 range for so long? - page 3.

Leonard2016

hero member

Activity: 1036

Merit: 520

Quote from: BitAurum on October 20, 2016, 08:05:27 AM

Why are we stuck in the $600 price range for so long?

What do you think is the reason behind this?

the $600 range is also like any other price ranges before it. and it will be finished one way or another before another big rise happens.
there is always a long accumulation kind of thing going on before the big rises actually take place and i have a feeling that this time we are nearing the end of the phase and rise will soon happen.

sempak

hero member

Activity: 1638

Merit: 505

Quote from: fatima zuhra on October 20, 2016, 09:47:37 AM

i think the reason is very simple we are trading in 600$ for such a long time because of the kacking issue of bitfinex, which really effect the price of bitcoin too much. but now the market is really recovering its position.

so true . bitfinex greatly influence price movements bitcoin today. bitfinex lost most of bitcoin that exist in the world today. This certainly would make the guarantee confidence in the bitcoin downhill for a while.

fatima zuhra

full member

Activity: 140

Merit: 100

i think the reason is very simple we are trading in 600$ for such a long time because of the kacking issue of bitfinex, which really effect the price of bitcoin too much. but now the market is really recovering its position.

BlackPanda

legendary

Activity: 1414

Merit: 1001

the current price of bitcoin is in the range of 600 USD to 700 USD .Highly bitcoin price movement may well change over time. because bitcoin is currently already has many users and also the increasing trust of government institutions. bitcoin have more stable prices and also does not damage the financial markets.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: BitAurum on October 20, 2016, 08:05:27 AM

Why are we stuck in the $600 price range for so long?

What do you think is the reason behind this?

I don't the real reason why the bitcoin price is not stable at the time but there are real things that bitcoin price really goes upto +20$ so far and if you are going to think that is bitcoin gained so much investors? Are they buying more bitcoin for business related?

BitAurum

sr. member

Activity: 318

Merit: 250

Quote from: Fatanut on October 20, 2016, 08:51:49 AM

We should be grateful that we're in the 600$ range and not anywhere below that price. No matter what's the price of Bitcoin, there would always be a thread like this saying something "Why are we stuck in the xxx$ range?". Threads like this doesn't help at all. The basic reason why there isn't any major pump lately is because there's not much people buying Bitcoins. Thus, if you want to change that range, then go ahead and look for rich people in real life who might be interested in investing in Bitcoins.

There would always be threads like "Why are we stuck in the xxx$ range?" but "Why are we stuck in the xxx$ range for so long?" isn't always going to be there.

Most rich people I know isn't going to take advise from me until I reach their level of playing field.

Fatanut

legendary

Activity: 1008

Merit: 1060

We should be grateful that we're in the 600$ range and not anywhere below that price. No matter what's the price of Bitcoin, there would always be a thread like this saying something "Why are we stuck in the xxx$ range?". Threads like this doesn't help at all. The basic reason why there isn't any major pump lately is because there's not much people buying Bitcoins. Thus, if you want to change that range, then go ahead and look for rich people in real life who might be interested in investing in Bitcoins.

Tanic

sr. member

Activity: 294

Merit: 250

Quote from: cpfreeplz on October 20, 2016, 08:07:19 AM

Because you aren't buying enough bitcoins! How many did you buy yesterday? None? Come on man. The reason we're stuck at the $600 range is 100% because of you. That's my theory anyways.

Haha That's the super answer! But it really has sense. Semms like bitcoin selling-buying going not so activly this days and weeks, that's the reason bitcoin's price frozen on the same point. I also wish to it start to rise, but we all need to wait for now.

BitAurum

sr. member

Activity: 318

Merit: 250

Quote from: Kakmakr on October 20, 2016, 08:24:03 AM

Because too many people are doing nothing to promote Bitcoin to other people. We will not see a massive increase in the price from current Bitcoin hoarders, because most of them have already bought their share of the coins. I buy much smaller amounts on a monthly basis now, than what I did when I entered the scene many years ago.

Some people buy and sell during normal trading, but it is not new fiat money coming into the pool, only old money being circulated. What are you waiting for, get out there and promote Bitcoin to new people. ^smile^

New investors will enter bitcoin when they see developments in the currency.

Also there hasn't been any big developments in bitcoin after the Bitfinex hack.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Because too many people are doing nothing to promote Bitcoin to other people. We will not see a massive increase in the price from current Bitcoin hoarders, because most of them have already bought their share of the coins. I buy much smaller amounts on a monthly basis now, than what I did when I entered the scene many years ago.

Some people buy and sell during normal trading, but it is not new fiat money coming into the pool, only old money being circulated. What are you waiting for, get out there and promote Bitcoin to new people. ^smile^

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: RoommateAgreement on October 20, 2016, 08:12:42 AM

Quote from: BitAurum on October 20, 2016, 08:05:27 AM

Why are we stuck in the $600 price range for so long?

What do you think is the reason behind this?

i prefer to be stuck at this price for the rest of my life instead of going to the moon one day and drop back to the doom the next day.
volatility is not good at all.

Quote from: cpfreeplz on October 20, 2016, 08:07:19 AM

Because you aren't buying enough bitcoins! How many did you buy yesterday? None? Come on man. The reason we're stuck at the $600 range is 100% because of you. That's my theory anyways.

i also have this theory! generally everybody is waiting for the price to rise but they don't even buy anything.
and their dump will bring the price back down again so what is the point of the rise!!!

good assessment if all of us just continue to hold and not using it for something that the chain will continue it not move up so
we should help it in the sense of keep using it and invite more investors to go along with us.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

Quote from: BitAurum on October 20, 2016, 08:05:27 AM

Why are we stuck in the $600 price range for so long?

What do you think is the reason behind this?

i prefer to be stuck at this price for the rest of my life instead of going to the moon one day and drop back to the doom the next day.
volatility is not good at all.

Quote from: cpfreeplz on October 20, 2016, 08:07:19 AM

Because you aren't buying enough bitcoins! How many did you buy yesterday? None? Come on man. The reason we're stuck at the $600 range is 100% because of you. That's my theory anyways.

i also have this theory! generally everybody is waiting for the price to rise but they don't even buy anything.
and their dump will bring the price back down again so what is the point of the rise!!!

BitAurum

sr. member

Activity: 318

Merit: 250

Quote from: cpfreeplz on October 20, 2016, 08:07:19 AM

Because you aren't buying enough bitcoins! How many did you buy yesterday? None? Come on man. The reason we're stuck at the $600 range is 100% because of you. That's my theory anyways.

If I were Warren Buffet or Bill Gates you can blame me.

btw, I do buy some bitcoins when I have extra cash lying around.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Because you aren't buying enough bitcoins! How many did you buy yesterday? None? Come on man. The reason we're stuck at the $600 range is 100% because of you. That's my theory anyways.

BitAurum

sr. member

Activity: 318

Merit: 250

Why are we stuck in the $600 price range for so long?

What do you think is the reason behind this?

Topic: Why are we stuck in the $600 range for so long? - page 3. (Read 2205 times)