Why price of Bitcoin too stable? - page 9.

equator

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Quote from: Mastsetad on September 06, 2016, 12:13:20 PM

Quote from: Woshib on August 30, 2016, 03:01:03 PM

I am really interested why the price of Bitcoin is too stable now, probably no investors to buy Bitcoins?
Or peoples don't trust Bitcoin now?
Probably just a small stable period?

Its probably because all the people having bitcoins are not selling them and waiting for it to grow higher, and all the investors wishing to buy big amounts are waiting for it to drop lower, so if there will be no selling or less selling and there will also be less investing then it would surely be stable.

Ya it is true that most of them are waiting for the higher price to come so that they can sell, and big players are waiting for lower price to buy, so now the price is stable but last 1 week the price is moved and today it went last seen price is $625. so i think now some momentum is increasing.

Mastsetad

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Quote from: Woshib on August 30, 2016, 03:01:03 PM

I am really interested why the price of Bitcoin is too stable now, probably no investors to buy Bitcoins?
Or peoples don't trust Bitcoin now?
Probably just a small stable period?

Its probably because all the people having bitcoins are not selling them and waiting for it to grow higher, and all the investors wishing to buy big amounts are waiting for it to drop lower, so if there will be no selling or less selling and there will also be less investing then it would surely be stable.

BillyBobZorton

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If you look back to January 2015, you'll see we have been going up since then. We bottomed at 150 and we are at 600, so its going up, slowly so it feels like stability.

coinoclock

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ok, here is the thing:
people holding some bitcoin would like to make some money and see the price go up. so they think of the potential of bitcoin and think bitcoin should be at $1000.
at he same time they are not willing to pay $1000 for a bitcoin. and because nobody is, the price is still well under $1000.

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Quote from: danherbias07 on August 31, 2016, 08:19:42 PM

Quote from: richardsNY on August 31, 2016, 07:51:32 PM

Quote from: Robertqueen2 on August 31, 2016, 07:26:01 PM

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

I think it is because of the way of thinking that it is "only" Bitfinex that put it down and if it will all be taken back or bought back then its price might go back to where it is before Bitfinex massacred the price.

i think the uncertainty is over now and now the people are gaining their confident again, and that is the reason that bitcoin is trading above 600$ once again. hope that the price increasing trend will continue for next few months, and the price of bitcoin is going to touch 1200USD level in the end of 2016.

greBit

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Quote from: MaritiJames3 on September 06, 2016, 11:26:18 AM

I am also not sure on why the price is stable because I taught that the price was going to be a little higher at this point but I was wrong.
Hopefully that the price is still going to move up this year.

I think people are not buying at a moment and may be they are more attracted towards altcoins, but its good to see that price crossed $600 level and hoping to see much higher price in coming months.

calkob

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It actually a good thing now that bitcoin is stable, if it wasnt people wouild be asking "why is bitcoin so unstable" Undecided

MaritiJames3

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I am also not sure on why the price is stable because I taught that the price was going to be a little higher at this point but I was wrong.
Hopefully that the price is still going to move up this year.

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Quote from: richardsNY on August 31, 2016, 07:51:32 PM

Quote from: Robertqueen2 on August 31, 2016, 07:26:01 PM

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

You have a point pal but you are included to those who expected that price of bitcoin would rise in the future, we really dont know when it would happen since we are just holders and investors on bitcoin ecosystem but those people or company who would adopt bitcoin and purchase huge volumes would definitely move the price of bitcoin.

madwica

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I think there is not big movement on the market value and the economy where the bitcoin is coming is not yet rising that is why bitcoin value was stable in the past weeks and i am wishing that the price of bitcoin will do not goes down instead it would rising a little in this month.

rio3233

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I think it's because there is nothing happened out there. So the price of bitcoin stable and have a big move. If something big happened like bitfinex hack or the halving, it will move the bitcoin's price for sure.

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Quote from: richardsNY on August 31, 2016, 07:51:32 PM

Quote from: Robertqueen2 on August 31, 2016, 07:26:01 PM

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

I think it is because of the way of thinking that it is "only" Bitfinex that put it down and if it will all be taken back or bought back then its price might go back to where it is before Bitfinex massacred the price.

richardsNY

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Quote from: Robertqueen2 on August 31, 2016, 07:26:01 PM

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

Robertqueen2

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I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

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Quote from: gentlemand on August 31, 2016, 06:16:30 PM

Quote from: QuestionAuthority on August 31, 2016, 10:58:50 AM

Why does everyone think Bitcoin is going to go over $10,000 a unit when gold, platinum, silver, palladium and rhodium haven't done that just from worldwide investor pushing. A hell of a lot more people trade in precious metals than Bitcoin so I really can't see it happening.

Dude, seriously?

There will only ever be a tad under 21 million bitcoins. There are currently just under 6 BILLION ounces of gold and that will keep on rising.

Can you see where I'm going with this?

How many infinite divisions of Bitcoin are there again (0.0000000001)? Bitcoin rose quickly in price from being an unknown, to being the barter method of choice of drug dealers, to being the criminal scammer golden opportunity, then rose quickly as the ultimate scammer Mark (fucked us all) Karpeles faked the price up to $1,200. Of course, $1,200 per coin is a totally unreasonable price and could only have happened with the willy bots help.

Today people want Bitcoin to play in the real world, where normal (honest) trading controls the price (not drugs, not dark web child porn, not scammers, not bots). If that's what you really want then you should be happy it's going up at the pace that it is. Looking at every other investment platform in the history of the world that's a great thing. It could just as easily go down (which they all do eventually). Why not just be happy where it is instead of bitching that it's not outperforming every other investment in the world by 2000%?

shugareward

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it is that stable because people are not buying a lot of it unfortunately i hope it will change soon though

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Quote from: QuestionAuthority on August 31, 2016, 10:58:50 AM

Why does everyone think Bitcoin is going to go over $10,000 a unit when gold, platinum, silver, palladium and rhodium haven't done that just from worldwide investor pushing. A hell of a lot more people trade in precious metals than Bitcoin so I really can't see it happening.

Dude, seriously?

There will only ever be a tad under 21 million bitcoins. There are currently just under 6 BILLION ounces of gold and that will keep on rising.

Can you see where I'm going with this?

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Quote from: gentlemand on August 30, 2016, 03:06:29 PM

Doing nothing is what Bitcoin does much of the time. Its second favourite thing to do is fall. Rising comes a distant third.

No one's interested in buying. No one's particularly interested in selling. The traders have probably gone to altcoins on Poloniex where there's some real action. They're the ones who drive the price.

And it's easy to forget how many traders might have been burnt by Bitfinex. That was the number one USD exchange. Some might have buggered off completely. Similarly who's to know how many enthusiasts were lost with the death of Gox? I'm sure it was a large percentage.

Even looking bitcoin is frozen, there is a volume daily near 400k dollars, soo even with the price not changing a lot the coins keep being traded. I do believe bitcoin community is now waiting some news, about the core as well we keep handling the issue with bitcoin stoled, soo why to make price bigger and those hacker dump those coins.

LTU_btc

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I think stable bitcoin price is good thing. Many bitcoin users afraid to wake up and see, that coin lost, for exemple half value. And it stops new people to use bitcoin. Offcourse, stable bitcoin price is bad for people who want for fast profit. But stable price is good for long term bitcoin holders. Bitcoin price now not at the top and it have potential to rise slowly and it's only question of time, when it will happen.

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Quote from: Junko on August 30, 2016, 10:35:51 PM

I remember relatively recently the price hodling steady around $220 for what seemed a very long period. Then it hung around $320 for a while before making the last run up to $700.

so probably after this long time stable price, there will be a high increasing on price?

I think that's why people keep their bitcoins, not buy neither sell them. probably they're already know about this. and voila, we can see the price is stable. it's boring.

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