Bitcoin Forum

Is this the norm or a bad sign?

you know you can check this yourself by opening one of many sites that offer bitcoin price charts?
here are three examples:
- http://bitcoincharts.com/charts/
- http://bitcoinwisdom.com
- http://www.coindesk.com/price/
- also any exchange site has charts.

and yes it is normal and last time was a couple of months ago when price was stable at $420
somewhere around here: http://bitcoincharts.com/charts/bitstampUSD#rg180zczsg2016-02-28zeg2016-04-18ztgSzm1g10zm2g25zv

also last year at the price of $230ish and the long stability phase overall somewhere around here:
http://bitcoincharts.com/charts/bitstampUSD#rg180zczsg2015-04-01zeg2015-06-18ztgSzm1g10zm2g25zv

and it is a good sign. it shows mostly accumulation phase for a future price rise and it also shows bitcoin is going to have less wild pumps!

I remember in last December the beginning of this year the price was very stable and was between 420 and 450 for two month or more. so nothing is new with the stable market now

You should examine the chart history: There have been quite a few longer periods with mainly sideways movement. I think it's neither the norm, nor is it a bad sign. Why should it? Prices can't always move like in a storm. Of course the volatility of Bitcoin is much higher than for common fiat currencies, but even Bitcoin has to rest some day... I think that's perfectly normal and should be considered neutral in terms of possible future developments.

I know that all the trader-type Bitcoin speculators are bored by price stagnation, but in my opinion it is great, because the focus can now more easily shift away from Bitcoin's fiat valuation to the technological and economic developments which I consider far more interesting. There's more to discover regarding Bitcoin than the fiat-money BTC-speculators think. In my view the technological advances with the current 0.13.0 and subsequent releases of Bitcoin Core are a giant leap forward that matters much more than any price movement.

ya.ya.yo!

This is completely normal and better to say this stage look like accumulation phase and when this is over we are likely to see a pump to before hack price range that is well above $650+ level, however market move is quite hard to predict.

It just means and breakout is coming soon.
The problem is you can not really know in which direction it's going to happen.
I'm hoping for a bullish move this time.

Definitely a "coming soon" breakout- it all depends on what the news/development it might be.

stability is good for a currency to be useful so if it never changed in price from here for the rest of our lives it is a good thing.

Honestly i never seen that the price of bitcoin is very stable. it is normal that the price of bitcoin will increase and decrease because its always depends in demand and supply. Bitcoin is unpredictable but we seen the advantage of bitcoin that every year the price of bitcoin is gradually increase ..

Right, I agree, but then you know we wouldn't have half the people interested in it that we have now.  Most people, I suspect,  got into btc because of the 2013 bull market and the most recent one as well. 

Me?  I like volatility.   It's like dating a crazy woman.

Maybe it will be good, for a while, because when again be volatile people will trust less. Or there will be more investors because of its volatility.

I kind of like where the price is now it is not too high and not too low being above the half thousand price mark is shown this.
It does show stability if it hasn't changed that much in the last three weeks so it maybe finally finding it's place in the currency arena. ;)

Take a look at 2015 bitcoin price history.

Also I don't see any connection of "bad sign" when the price is stable.

Anyways welcome to bitcoin world.

We are aiming for total adoption of bitcoin so price stability should be our ultimate goal as well.
What is strange, however is that people are reacting with mixed feelings when bitcoin is stable.
This period of 'stability' is caused by bitfinex hack which interrupted bitcoin's price climbing.

It may be a currency for some, for everyone else it's a speculative vehicle still. And if it was guaranteed not to budge from this moment on then before you know it it flies downwards as everyone abandons it. It only got to this level because of speculation. The utility follows it.

And if Bitcoin achieves its ultimate aim then the price must keep on rising due to deflation and the inflation of the other currencies it's valued in.

I have spent roughly six months in the bitcoin community so I can't talk about bitcoin's history. However it's like the everyday market in the real world, sometimes you have fast sales, sometimes moderate and other times you have slow sales :-X

With bitcoin its already normal, there are some periods that bitcoin looks like isnt mooving, but you can see that it keeps being traded daily, and there is a volume of around 1 milion daily being traded. Its good for one thing bitcoin is building support, soo the current value wont drop almost for sure.

Maybe not for three whole weeks, but bitcoin hovered at around $500 for quite a while before the halving.

The longest I remember was around $420 at the start of this year.

I use Bitcoin for trading, if the price is stable like now is not profitable to me. But I still positive thinking and the price will increase again in last 3 months 2016. I sure the price will be reach more than USD 700 in January 2017.

Yeah, it's not the first time the price of bitcoin stable for 3 weeks, I think it already a month since beginning of August.
On Jul-August the price remain stable too at $640-680, so we just waiting until the price increase again by the end of the year.

its definitely not a bad sign, being stable means that a huge growth might start happening at any time, its always good as long as the price isnt dropping