Author

Topic: why is the price holding stable? (Read 2094 times)

legendary
Activity: 1692
Merit: 1018
October 22, 2012, 08:31:08 PM
#13
The price is stable as there's just not that much demand for bitcoins at the moment.  Trading activity is dominated by bots throwing bitcoins at one another and possibly extracting a small profit.  The larger swing traders aren't interested as there aren't any swings to be had.  It's a game of 'you go first' at the moment.

Oh there is demand ... just not all of it on the exchanges. Wink

How much demand is there, and where is it?  More data is required to support your statement.
legendary
Activity: 948
Merit: 1026
October 22, 2012, 04:23:32 PM
#12
Yeah till the halving ruins everything!

On the contrary.  Some of us can't wait for this mining lunacy to evolve into respectable transaction processing.
Yes, the early pioneers deserve their reward, but their time is short.
sr. member
Activity: 476
Merit: 250
Tangible Cryptography LLC
October 22, 2012, 04:18:22 PM
#11
The price is stable as there's just not that much demand for bitcoins at the moment.  Trading activity is dominated by bots throwing bitcoins at one another and possibly extracting a small profit.  The larger swing traders aren't interested as there aren't any swings to be had.  It's a game of 'you go first' at the moment.

Oh there is demand ... just not all of it on the exchanges. Wink
legendary
Activity: 1904
Merit: 1002
October 22, 2012, 04:05:35 PM
#10
Supply = Demand
Huh
legendary
Activity: 1692
Merit: 1018
October 22, 2012, 12:56:11 AM
#9
The price is stable as there's just not that much demand for bitcoins at the moment.  Trading activity is dominated by bots throwing bitcoins at one another and possibly extracting a small profit.  The larger swing traders aren't interested as there aren't any swings to be had.  It's a game of 'you go first' at the moment.

sr. member
Activity: 350
Merit: 257
Trust No One
October 22, 2012, 12:46:09 AM
#8
I think the bitcoin is too expensive now for many (I personally stopped buyng around 8 USD  Cool) and on the other hand sellers are waiting for block reward halving and accumulating their bitcoins. So there are lower volumes and therefore lower volatility.
hero member
Activity: 811
Merit: 1000
Web Developer
October 21, 2012, 10:01:11 PM
#7
The price is stable because Bitcoin is not as violate. I think that's a good thing for bitcoin as people will be able to set prices more stable-y.
Yeah till the halving ruins everything!
vip
Activity: 1316
Merit: 1043
👻
October 21, 2012, 05:36:29 PM
#6
The price is stable because Bitcoin is not as violate. I think that's a good thing for bitcoin as people will be able to set prices more stable-y.
hero member
Activity: 686
Merit: 500
Bitbuy
October 21, 2012, 05:03:11 PM
#5
i constantly feel like there is a long-game manipulation being played. pump it up to a price, hold it there so people are psychologically accepting of btc's value at a certain price, then raise again.

The price holding stable just means that supply currently equals demand. I don't think it's manipulated much at the moment. Hardly any volume and no big walls.
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
October 21, 2012, 01:31:11 PM
#4
maybe. Anyway, right now buying pressure prevails but is still low. We are constantly atacking thw 12$ resistance but with feeble success.
If you want to go deeper, Id say after the past month that gained momentum from some speculative believes/announcements, there is a natural disenchantment right now, still hopes are up for some short term exitements in the pipe line, like Kim Dotcom's 2 new services (that may accept bitcoin), ogrr.com+mmoexchange.net, reward halving, ASICs (for non logical reasons), torrentleech.org, poker sites catching up with infinity poker in the making, bitinstants debit card (where is that actually?), the first public bitcoin hedge fund coming up, reddit's bitcoin tip bot recently and many more...

Well done good sir
hero member
Activity: 686
Merit: 500
Bitbuy
October 19, 2012, 11:08:30 AM
#3
maybe. Anyway, right now buying pressure prevails but is still low. We are constantly atacking thw 12$ resistance but with feeble success.
If you want to go deeper, Id say after the past month that gained momentum from some speculative believes/announcements, there is a natural disenchantment right now, still hopes are up for some short term exitements in the pipe line, like Kim Dotcom's 2 new services (that may accept bitcoin), ogrr.com+mmoexchange.net, reward halving, ASICs (for non logical reasons), torrentleech.org, poker sites catching up with infinity poker in the making, bitinstants debit card (where is that actually?), the first public bitcoin hedge fund coming up, reddit's bitcoin tip bot recently and many more...

Wow, Nice list. Bitcoin is going to be interesting ^_^
legendary
Activity: 1022
Merit: 1000
October 19, 2012, 06:23:55 AM
#2
maybe. Anyway, right now buying pressure prevails but is still low. We are constantly atacking thw 12$ resistance but with feeble success.
If you want to go deeper, Id say after the past month that gained momentum from some speculative believes/announcements, there is a natural disenchantment right now, still hopes are up for some short term exitements in the pipe line, like Kim Dotcom's 2 new services (that may accept bitcoin), ogrr.com+mmoexchange.net, reward halving, ASICs (for non logical reasons), torrentleech.org, poker sites catching up with infinity poker in the making, bitinstants debit card (where is that actually?), the first public bitcoin hedge fund coming up, reddit's bitcoin tip bot recently and many more...
sr. member
Activity: 420
Merit: 250
October 19, 2012, 06:11:32 AM
#1
i constantly feel like there is a long-game manipulation being played. pump it up to a price, hold it there so people are psychologically accepting of btc's value at a certain price, then raise again.
Jump to: