Bitcoin Forum

BTC-China was leading a decline of today’s price wave to the downside. The decline reversed at $235.02 (Bitfinex) and 1460 CNY (BTC-Cina). Technical analysis looks at the prospects for the coming days, and we examine the lull in Bitcoin price movement during the past few weeks.
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Continue here: https://www.cryptocoinsnews.com/bitcoin-price-not-moving/


What is your thought about that article? In these days the bitcoin world was 'attacked' with a lot of news but the price is 'locked'.

I expect there are quite a lot of buying support these days that despite all the fud and lies spreading around about an imminent crash, people are generally still unperturbed. And somehow the buying managed to keep the price stagnant at the same level that whatever new supply getting thrown to the market, it was bought up immediately. Further few months down the road should be exciting. I don't expect a crash anytime soon with all the hype surrounding the halving next year. 

I think rpietila's thoughts fit perfect here.

agreed guys the prices have recivered all the way to $246 over :( and show no signs of stopping and im hoping this isnt just another pump :P

people are soo focused on the price swings that they completely go into panic mode when the price doesn't move. relax. price will move once there is reason for it to move.

and what can you call a reason for it to move? interest in bitcoin is growing and growing but its price is the same or falls

I think the halving could trigger a pump and dump cycle based on simply speculation and hype around the date, with a recovery following quickly after the pump, which would leave out a lot of people out of the game since im sure a lot will not buy back.

traders are waiting for real news. something like seeing bitcoin being tradable at wallstreet. or amazon accepting bitcoin directly. most money is being invested in startups. not in bitcoin itself.

Price not moving is actually a good thing. Bitcoin may be used more, if it weren't so volatile.
Volatility scares the shit out of people, which is why merchants prefer to convert their bitcoins immediately.

I prefer stable prices, I mean rather than the price down would be better if stable .. would be better if the price moves up and stable

I personally think we're seeing an accumulation phase before a trend reversal.

Agree, I myself has been accumulating.

Its moving and its moving down, may be in few days its price will regain a higher value. It may be primarily due to increasing number of altcoins. If there were no altcoins, price might have risen considerably. Bitcoin still is king and will be king forever .

stable price is good and all but not at this price, the real stability(the same you have for fait, swing of few decimal of cents) should come only after we achieve the real price of bitcoin, something that will makes the marketcap, look like a real asset and not a joke like it is right now with a 3B value

It's a good thing, the price stablity, don't you think? I mean as long as the bitcoin market price remains stable, it will convince the investors that it's a invest-able currency rather than a currency to get rich.

The range of price motion decreases over time and narrows to a virtual flatline. There are two common explanations for this: 1) market participants are unsure about the direction of the larger trend, and 2) the underlying psychological engine of market activity, namely volatility, is ebbing prior to a sudden onset of buying and selling.

My favorit quote

There are a lot of people with severe doubts about Bitcoin now with the blocksize thing. We need to solve this before we can aim at a solid recovery. Personally I don't fear this will have any impact on BTC and things will turn out ok, but it's a reasonable concern.

The whales profit from long term stable prices, they secretly buy and buy daily, while the weak hands get shaken since they lose trust. It's a psychological war what they play, and they are doing a good job.

Sometimes stable price and i think its good, so people can accept bitcoin for investment and not scare he/she can  lost much money when investing or buy bitcoin

'Stable' price would be a good thing for merchants, for traders it is terrible and bitcoin is still speculation and an investment not yet mainstream where stable would be good. We need volatility to make it exciting. I enjoy the swings and making some coin from them now is accumulating so get ready.


No whales profit from ups and downs, ups they of course sell, downs they cause panic and a lot more people sell than they do with a stable price. This is very close to the bottom imo and they are accumulating as should any of you that has spare funds to average down. You are right about what game/war they are playing, I think it is great.

Thanks all you for the useful opinions, now I want to say mine:

I think one time later or sooner the price will be more stable than now, and at that point the speculation 'side' will abbandon the bitcoin world and finally bitcoin can be used more as 'money' and spent to buy things.

The stable price is a good thing for all who believe in this technology, but not for the speculators (this is the truth and I will be happy if someone will come here and say the contrary). However:



Do you know how much times I have read this? A lot of times http://techforum.it/styles/default/xenforo/smilies/asd.gif. Everytime the price is stable "we are in an accumulation phase" OMG the price will pump, but why and how? If a lot of people are in an accumulation phase then sooner they will dump their bag and the price will go down not up, or am I wrong?

I sure hope for this it would be nice to go on vocation and pay everything with btc.
Personally this would be great only one card for paying (hypothetically).

when bitcoin seems to be "stable" for a certain period, people start to complain and think bitcoin will fail and so on. i have read so many posts about people saying stability is one of the most important factor if we want to reach global adoption. where are these people now? they are part of the complainers when the price doesn't move.

It's been stably and steadily moving DOWNWARD ever since late 2013, so I wouldn't worry too much about the "stability" of the last 2-3 weeks. We will resume the steady death-march to zero soon enough.

Ha ha!

Let us forget the price,Just believe that in the future, bitcoin will be everywhere ,That's enough!

now see the full picture since 2009, and can clearly tell that it is steadily moving UPTREND since there

so your point is moot

I think stable price for a period of time is good, so people can buy more coins if price remains volatile people will be afraid of buying/selling. I am looking to buy some coins if it goes down at an unexpected price and won't sell if it goes up. Bitcoin has bright future!

At what price would you consider this line of argument invalid ?

Not trolling, its just one of those phrases that gets thrown around quite often and I am wondering if anyone who uses has considered at which point in price and time they would call it invalid.

~300 or ~220

http://s16.postimg.org/zcno9pbp1/Untitled.png

 :-\ :-\ :-\

this should be about right i guess, but it should remain under 220 for a long time, for consider it invalid, not just one day or few hours

Fair enough, I can live with that definition. Thanks for the replies.

don't wait too long with buying. at some point the price may go up quite a bit and you'll blame yourself for not buying. buy a certain amount, and buy more if the price goes down. via this way you can't go much wrong.