Why bitcoin rate is stable since june 2016 - page 7.

jerowacik

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Quote from: iqlimasyadiqa on September 25, 2016, 05:06:36 PM

This can be considered positive as well as negative. for some people such as traders bitcoin price stability certainly is a nightmare. they could not take a huge advantage. but for the world market, this stability is very favorable, because bitcoin more credible on the world stage.

yes, bitcoin price stability used by some people, especially the instigators of the economy.
while traders feel sad because there is no significant price movement bitcoin.

iqlimasyadiqa

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This can be considered positive as well as negative. for some people such as traders bitcoin price stability certainly is a nightmare. they could not take a huge advantage. but for the world market, this stability is very favorable, because bitcoin more credible on the world stage.

outatime1

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I think some volatility occurred in the few weeks prior to the halving. Then the price has been pretty stable since then with the exception of the drop due to the bitfinex issue. I think with little news either positive or negative, we are going to see a stable price.

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Quote from: molsewid on September 23, 2016, 11:00:26 PM

Quote from: marleybobthedog on September 21, 2016, 01:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

It because of halving thats the main reason why the price of bitcoin is stuck around minimum of 600 dollars , im a little bit confusing too that i know there are new investors who using bitcoin and using it for there companies if the bitcoin price drop it will minus atleast 20$ or maybe low ?

Halving does not have any relation regarding on bitcoins somewhat stable price since movements are basing on supply and demand on bitcoin ecosystem. Price is not moving for big amounts and we observe it for how many weeks now and i assume theres no buyers and sellers as of this moment.

vero

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I had thought optimistic about this, stable prices occurred because now many investors who secretly holding bitcoin for long-term.

Cassius

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'Stable' is relative. There have been at least 3 instances of clear manipulation in the last couple of weeks, both up and down. The price moved $10-30 in minutes. Suspicious to say the least.
The broader picture is relative stability, which tends to be a sign of consolidation/accumulation.

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Quote from: marleybobthedog on September 21, 2016, 01:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

the reason for your confusion is only because you were expecting a huge amount of fiat profit from bitcoin to buy at $XX and in a week cash out your $10000*XX profit.

let me tell you now that those days are almost[/b] over and we may never see big rises of that magnitude ever again.

what we have now is a slow and steady rise over a longer time.

molsewid

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Quote from: marleybobthedog on September 21, 2016, 01:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

It because of halving thats the main reason why the price of bitcoin is stuck around minimum of 600 dollars , im a little bit confusing too that i know there are new investors who using bitcoin and using it for there companies if the bitcoin price drop it will minus atleast 20$ or maybe low ?

milewilda

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Quote from: marleybobthedog on September 21, 2016, 01:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

Bitcoins price is never been stable since its moving, you could assume that its stable because its playing around these price brackets. In my own view on bitcoin price stabilize because there are no sellers and there no buyers and traders does only minimal trades on bitcoin. I assume that most people just holding their bitcoin and waiting for the price increase but theres nothing to worry since bitcoins adoption is unstoppable and for sure people would invest into bitcoin.

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Quote from: Kprawn on September 23, 2016, 04:57:00 PM

A lot of people seem to think that we are going to see a breakout to $800+ soon, so this stability around $600 are offering a lot of people the

opportunity to buy coins cheaper. The speculation is not backed by facts, but they are saying it is under valued by at least $200. The

merchants want stability like this, but the day traders wants more volatility to trade and make bigger profits. Huh

And how exactly current price of ~$600 is backed by facts? The only fact I consider viable to estimate approximate bitcoin price is mining cost.
Most other "facts" are mix of overhyped news, bad news, simple FUD, rumors, speculation and wishful thinking.

hawkins

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so far nonexistent transactions must've happened. the only thing that happens is the greatest and the halving hack in bitfenix. I guess after the price increase caused by halving, had been reduced due to the effects of bitfenix, so the price of bitcoin from June to today remained steady at $ 600

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A lot of people seem to think that we are going to see a breakout to $800+ soon, so this stability around $600 are offering a lot of people the

opportunity to buy coins cheaper. The speculation is not backed by facts, but they are saying it is under valued by at least $200. The

merchants want stability like this, but the day traders wants more volatility to trade and make bigger profits. Huh

Hellacopter

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In fact its not stable since June 2016, it decreased and increased between 550$ and 700$, but currently it seems somewhat like stable in around 600$, but i think it will increase again by the end of this year

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Quote from: amacar2 on September 23, 2016, 02:01:15 PM

Actually price was dumped hard even below $500 after bitfinex got hacked recently and many have got few cheap bitcoins back than. However the current constant price also suggest good buy point for nice profit on any pump that can happen after long time of constant price period/ accumulation period.

It wasn't even dumped below $520 to be precise during the bitfinex hack period.I don't know where you're digging your stats from.I might be wrong but bitfinex hack has nothing to do with bitcoins price I believe.It was the service which was hacked and not the protocol.

amacar2

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Actually price was dumped hard even below $500 after bitfinex got hacked recently and many have got few cheap bitcoins back than. However the current constant price also suggest good buy point for nice profit on any pump that can happen after long time of constant price period/ accumulation period.

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Extreme stability to me is a sign of accumulation. The big boys are buying.

Meuh6879

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stable ?
look the volume, it's crazy ... !

on kraken exchange only EUR value, it's move like 6000 BTC per DAY !
and the value only drift from 20 Eur for this.

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Quote from: marleybobthedog on September 21, 2016, 01:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

It's not stable,it's often fluctuating.You don't expect it to hit $800+ every other day do you ? Buy bitcoin at the lowest seen that particular week or the month.You could buy at any rate actually,once they increase you will profit eventually.

shield132

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Really good question, it's at least 1 month that it is stable. I was thinking about that but don't know what to say. Many people were saying that after halving bitcoin's price will be higher and doubled but reality is different and today we see a stable bitcoin price. Price changed a little bit when bitfinex was hacked and were stollen bitcoins but price soon become near 600 usd. But despite this fact, it's really near 600$, it's maybe good for some people but what I love in bitcoin is it's unstable price because it's makes great sense in trading.

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Quote from: marleybobthedog on September 21, 2016, 01:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

There are always periods of stability. After the halving people aren't really sure what to do. If I was you I'd buy because this is still a time of cheap coins imo.

In a few years when we are in the thousands of USD per bitcoin people will be kicking themselves for not loading up now.

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