Topic: Why has Bitcoin been so stable in the last few weeks? - page 2. (Read 1945 times)
it's current value is infinity. so treat it careful.
Lately, Bitcoin has stabilized at about $610-615. I have buy orders at $599 and none of them triggered. Any idea what is causing this stabilization? Forget whether it is a good thing or not, what is causing it? Is it due to a change in volume? Less interest in Bitcoin in general? Any thoughts?
I'm under the impression that there are large scale investors that can knock the market around quite a bit when they are changing positions. Until there is more inertia, it's going to be like that for a while. I think the last estimate I saw was that 80% is held for investment, while 20% is in use as a transaction medium.
if you look at all-time history of bitcoin, this is not first time the price appear to be stable.
But you are Dr. Bitcoin ! You have a lot of knowledge about Bitcoin ! You should give us advices instead of seeking answers from us
But you are Dr. Bitcoin ! You have a lot of knowledge about Bitcoin ! You should give us advices instead of seeking answers from us
Probably because of the news of Gox and the waves of people hoping for a low price of Bitcoin buying in, thereby cancelling each other out.
Still, it feels like the calm before the storm or bull rush.
Still, it feels like the calm before the storm or bull rush.
Lately, Bitcoin has stabilized at about $610-615. I have buy orders at $599 and none of them triggered. Any idea what is causing this stabilization? Forget whether it is a good thing or not, what is causing it? Is it due to a change in volume? Less interest in Bitcoin in general? Any thoughts?
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