Why is bitcoin price so stable in 2018? - page 5.

tannerchum

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Semi-Decentralized Exchange

Quote from: StarterX on January 27, 2018, 09:05:55 AM

i think it will rise again

It will, for sure because as what we knew that the price is flactuated and we do not have to worry about this because we have a choices either we hold or sell. But for me the exact way is to hold until such time will rise. If that day will happen cheerish every bitcoiner.

ConanTheHODLer

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The sooner people realise bitcoin needs to go, the better. Its old tech, minimal uses, slow, expensive transactions, even with the lightning network, segwit etc that doesn't future proof it from other coins doing the same or better, which they will. Its dropped 44% this month (not including its peak to $20k in December but only from this the start of the year when it was $17k) and ETH which peaked at the start of this month has only dropped 22% in the exact same time period. More people are ditching BTC for ETH, what reason is there to stay with BTC? If people are ditching BTC for ETH or other coins then there's no way BTC will increase anywhere near as much as ETH or other coins. It doesn't matter what the price of one coin is as you can buy in decimals anyway, what matters is if there's room for growth and 99% of other coins have much, much more room for growth than BTC. They need to decouple BTC's extreme effect on alt coin value and tie it to something else like ETH as BTC is a dinosaur holding them back more than anything.

poplolnman

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Quote from: Webberson on February 01, 2018, 02:13:08 AM

Considering the fact that the year just started, it is still too early to jump into conclusion, regarding the state of bitcoin. The market is not static and so, cannot be stable. I see the market being at equilibrium and trying to get a support, which is why the price is hovering around 10k - 11k.

Struggling, bitcoin market in risk to get drop even lower to get crash even worse. If then bitcoin value could survive at the price range of $12k to $13k for at least a couple weeks it might would remain volatile then. That's my thought.

carlisle1

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Quote from: Digital Mutant on January 27, 2018, 04:18:04 AM

What do you think is happening?

Is people hoding less their coins?

Is there more manipulation by big whales, speculators or big institutional investors trying to profit the flavour of the moment?

I feel that there are big players "pumping and dumping" in order to manipulate the market to stabilize price and "control" in a certain way the price fluctuation.

Obviously bitcoin is very dangerous for our old corrupted economy, don't you think that in acertain way there's an unusual stop of the past few months trend?
After reaching $20k there's a correction to $17k and then price stabilizes at 11-12k with mini-dips that last seconds before going uptrend...

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Or maybe it's all ok, there's no manipuation, it is a stanby before the big run to $50k-100k. Then newcomers will start buying and trading in Ethereum or Litecoin, because at the moment there aren't exchanges accepting fiat money, you have to enter and buy your altcoins directly with cryptocurrencies...

Which in your opinion are the main reasons?

in my opinion this situation is normal since this is just a first quarter and same as what we had wayback 2017..and to clarify its not just bitcoin whos suffering from this price drop,almost all of coins are in same movement,if you will monitor the market flow for the whole day,you will find that similarities of alts and bitcoin is almost the same

Sihab76

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At the beginning of year 2018 Bitcoin price around the 10-11k$ really this price level or range stable and effective. But price level around 15000$, so stable and trusted.

antsin

newbie

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We just entered 2018. Bitcoin went through a tremendous fluctuation in past few months. It’s sitting down and breathing before it starts the run again. Also there is a lot of FUD in the market, basically history repeating itself in a lather scale. I wish I had more detailed answer but we all are trying to figure this out.

Simonjonesfamily

newbie

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It could be something as simple as the majority of traders are unwilling to sell below 10k. Therefore they are not accepting offers below this figure. Meaning the community has imposed this lower cap.

Harsh_Patel

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Algo Trader

Every asset over time achieve the stability and reduce the volatility as time passes. Cryptocurrency is emerging market and just due to money influx there is a lot of movement. As time passes this will get stabilize due to stability in in flow and out flow.

Options and Future are other things that help the price to achieve stability and volatility reduction.

justspare

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Quote from: Noctis Connor on January 30, 2018, 12:23:05 AM

The year of 2018 is just starting. No one can notice or know what may happen next and by that, we dont need to be worry. Because maybe one day or soon the price of bitcoin will get boom and rise up again.

All those who know about bitcoins, they must not be talking these stupid things about bitcoins. There are trends for it. Whenever some high pump came, there is a deep dip after than pump is expected and this is happening right now. Just consider the prices at the time of charismas.

It was fantastic to see the prices jumping on jump pad and they were increasing with much high rate. So hold them a good time is coming.

VBCryp@

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I believe there will be a bitcoin price increase, and many predict that in 2018 the bitcoin will surpass the highest level that bitcoin has achieved by 2017. Someone could benefit from bitcoin because they The courage to keep bitcoin. I think the confidence of the people in bitcoin has risen to a point where bitcoin is considered an asset for both now and especially for the future.

Webberson

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Considering the fact that the year just started, it is still too early to jump into conclusion, regarding the state of bitcoin. The market is not static and so, cannot be stable. I see the market being at equilibrium and trying to get a support, which is why the price is hovering around 10k - 11k.

Dobrodav

sr. member

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this is really a price war. many people who are scaring of the future of Bitcoin sell in panic meanwhile many really investors choose this time to buy BTC with low price. i think BTC will rise a gain in next few months

Trcream

jr. member

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I wouldn't call the price stable per say. However, the price is figuring out which direction it wants to go. We are starting to see a resistance level. If you look at the short-term moving averages we could also be heading towards a slump (hopefully not a crash).

jhongzjhong

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Quote from: letecia012 on January 31, 2018, 09:35:13 PM

Quote from: ChrisSand on January 27, 2018, 04:39:04 AM

I am not seeing any stability of bitcoin rather a bearish market of it. This I think is normal, last year this was also felt. Plus, we had been hearing news about the government's action against bitcoin so this factor would be affecting.

I cannot also say that 2018 price for Bitcoin would be stable considering we are at the first month of the year maybe the thread starter want to point out the consolidation of bitcoin at 10k - 11k$. since we are in bearish expect more up and down in bitcoin price and stability may far at this time.

Yeah we are in the first month of the year then if you look up the chart of price movement compared last year or the other year are the same in this year. Bitcoin was dumping on this month or first quarter of the year and it is bouncing back again around last quarter of the year like what happen last year. And other factor of being stable of price now that was some of country are keep banning bitcoin and it is effect the demand of bitcoin and also the price. So, if you hold some bitcoin may i suggest you that hold as you can.

letecia012

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Quote from: ChrisSand on January 27, 2018, 04:39:04 AM

I am not seeing any stability of bitcoin rather a bearish market of it. This I think is normal, last year this was also felt. Plus, we had been hearing news about the government's action against bitcoin so this factor would be affecting.

I cannot also say that 2018 price for Bitcoin would be stable considering we are at the first month of the year maybe the thread starter want to point out the consolidation of bitcoin at 10k - 11k$. since we are in bearish expect more up and down in bitcoin price and stability may far at this time.

jsrenthourse

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Activity: 238

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Quote from: Digital Mutant on January 27, 2018, 04:18:04 AM

What do you think is happening?

Is people hoding less their coins?

Is there more manipulation by big whales, speculators or big institutional investors trying to profit the flavour of the moment?

I feel that there are big players "pumping and dumping" in order to manipulate the market to stabilize price and "control" in a certain way the price fluctuation.

Obviously bitcoin is very dangerous for our old corrupted economy, don't you think that in acertain way there's an unusual stop of the past few months trend?
After reaching $20k there's a correction to $17k and then price stabilizes at 11-12k with mini-dips that last seconds before going uptrend...

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Or maybe it's all ok, there's no manipuation, it is a stanby before the big run to $50k-100k. Then newcomers will start buying and trading in Ethereum or Litecoin, because at the moment there aren't exchanges accepting fiat money, you have to enter and buy your altcoins directly with cryptocurrencies...

Which in your opinion are the main reasons?

I think the heavy fall of bitcoin in value has left many investors worried. We all know that bitcoin prices were only $ 4,000 in the past four weeks, but now it's down 50% to $ 10,000. I think that the decline was due to the bad news from the Chinese and Korean charges that severely affected the value of bitcoin.

yesss

member

Activity: 168

Merit: 10

Quote from: Digital Mutant on January 27, 2018, 04:18:04 AM

What do you think is happening?

Is people hoding less their coins?

Is there more manipulation by big whales, speculators or big institutional investors trying to profit the flavour of the moment?

I feel that there are big players "pumping and dumping" in order to manipulate the market to stabilize price and "control" in a certain way the price fluctuation.

Obviously bitcoin is very dangerous for our old corrupted economy, don't you think that in acertain way there's an unusual stop of the past few months trend?
After reaching $20k there's a correction to $17k and then price stabilizes at 11-12k with mini-dips that last seconds before going uptrend...

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Or maybe it's all ok, there's no manipuation, it is a stanby before the big run to $50k-100k. Then newcomers will start buying and trading in Ethereum or Litecoin, because at the moment there aren't exchanges accepting fiat money, you have to enter and buy your altcoins directly with cryptocurrencies...

Which in your opinion are the main reasons?

I think the price of bitcoin was severe in early 2018 because in 4 weeks there was a lot of bad information related to bitcoin and other coins causing bitcoin's price to be disastrous. We can see that in Korea and China there are tightening regulations for bitcoin trading as well as minimizing bitcoin buyers in their countries. And last but not least, the Tether has so much bad news that the market is hit hard.

abayan

sr. member

Activity: 686

Merit: 260

Quote from: ChrisSand on January 27, 2018, 04:39:04 AM

I am not seeing any stability of bitcoin rather a bearish market of it. This I think is normal, last year this was also felt. Plus, we had been hearing news about the government's action against bitcoin so this factor would be affecting.
[/quote
Yup, I dont see any stability in bitcoin as well. Besides, if bitcoin becomes stable to its price, I go find and invest in another cryptocurrency instead because there is no thrill anymore. I mean, we trade bitcoin because of its price.
If this remains stable, no new offer can be made and demand will be stagnant.

Hazaki

full member

Activity: 406

Merit: 156

So much parameters control the bitcoin price , and right now we are living a rather stable phase that marks every year's beginning through the history of bitcoin , and i'm surprised that the price haven't dropped much more than this especially after the new government regulations that have been announced in both china and south korea .
This phase will certainly benefit the market since people will be further encouraged to invest in cryptos since all of them has dropped in value thus making it an opportunity for people to acquire some coins . We'll certainly face a lot of price fluctuations this year but things will certainly go for the better since a lot of problems have already been sorted up at the same time with the network clearing up to less than 37k unconfirmed transactions (was more than 150k a week ago .. ) .
What we should learn tho , is that large users base concentrations such as in China could affect the market hugely , especially after so many people cashed out their coins to enjoy their holidays for the New Lunar Year , we should know from now and on that any coin supported by Chinese whales could be affected by such events and thus thinking twice before going all in for it .

aardvark15

hero member

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We are only one month into the year, we’ll see lots of price fluctuations this year. There will also be periods where the price doesn’t change much.

The price is going to depend on many factors including: supply and demand, price manipulation, bad or good news, new coins or technology in the market, government regulations, business adoption, etc. With all these variables, it’s hard to make price projections.

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