Bitcoin Forum

http://i68.tinypic.com/4qn85w.png
Look at this, for a fleeting time the price was truly stable.

Buys and sells balanced spontaneously... It's like when seven of nine saw the omegle particle.. it's beautiful!

This is the price chart of specific exchange. It happens with the buying and selling through the particular firm. A balanced buying and selling order keeps the price with stabilty. Price stabilty is something that's important for an sustained growth, this time soon the selling graph might fall down.

this looks more like a bug to me! is it possible that your socket connection was disconnected while you had this page open and did you try refreshing the page?

it would have been possible if the volume was lower but the volume bars at the bottom show the same volume as 7:10-7:20 so there should be a somewhat similar fluctuation too.

I was even surprised as i have not saw this kind of stability in much long time.It means that the selling and buying is same,but i dont think it will be stable for much long,on the other hand it will be much more stable as the year goes by.

It seem like we are in stable range good is that is price by me bigger then I unticipate. Hope that price will be and remain like it is.

It also happens when the exchange is down. When that happens charts stop going up and down because they can't be able to gather any data from the exchange's servers. It happens all the time with bitcoinwisdom.

I don't know where this chart belongs to, Is it from an exchange itself, or from a third party website?

So who cares if price was untouched for 25 minutes? you shouldn't be able to earn profit from fluctuations all the time you know? even though Bitcoin market is still young and small comparing with international markets or Forex, so it can happen as from time to time people having doubts about trading so price remains the same.

It's probably just a whale keeping the price in a certain range with a large buy and sell order -- nothing really special about it. The whale in question either tries to accumulate coins within a certain range, or maybe force people to buy his coins within a certain range. For those that say the exchange was down -- look at the volumes. If the exchange is down, no one can trade, and thus there is no volume.

It is literally possible (even if it is already not happening in real time) like supply and demand are matching each other now a days and I am seeing we are just entering into second phase of bitcoin adoptions. The first one would be surplus supply on every 10 minutes and I guess everyone could assume what is the third phase. Third phase may occur more quicker than the time taken for phase-1 to pahse-2 as stable prices will be attracting more investors than how fluctuating prices did.

I guess exponential appreciations of bitcoin prices is going to happen as stable prices may do any magic.

lol, what would be the motive?
you are either putting up a sell wall to prevent price from going up, which means the chart will zig zag in same place and mostly down a little. or you put up a buy wall (like what ethereum whales do during massive dumps) to prevent the crash, and that also means there is a zig zag in charts in place and a little up.
you certainly won't gain anything by putting up two walls, that is just silly !

Lol "Did you have your fucking machine plugged in?"

OP, what's an omegle particle?   Just curious.   About this price stability,  I too think something glitched.  Haven't seen it that stable since $420.

I think it will be difficult to do with bitcoin. It is necessary that many bitcoins to interfere with bitcoin price movements. It is more appropriate if it is associated with altcoin, now altcoin prices are easy to move because of these factors. The amount of money that circulates altcoin is much less.

Trading at one price levels for some times does not indicate the price stability. Prices may get traded at one prices when there will be more sellers and new sellers also joining with same current prices. When exchanges trades in gap, and at cheaper prices this will happen until sell prices converges.

anyway nice price for bitcoin right now

You are clearly not a trader. If you put up relatively large buy and sell orders simultaneously, you as whale, or at least as entity behind these walls, look to buy or sell coins within a certain price range. It's already mentioned by RichardsNY, but you fail to understand it. It's amazing how people here just post something without looking at the actual open buy and sell orders that are clearly visible.

well you'll never see me claim to be an expert :)
but here is what i have seen. market is either stable with going short range sideways or it is moving in one direction. and when you, as a whale, want to prevent it from going in certain direction you put up a wall there. mostly these walls are for show and deep which means if price is for example at $1560.00 the wall to prevent it from going down is placed at $1550-$1555 depending on the speed it goes down. and i assure you that this wall will be a lot bigger than 14.08BTC.
and even a wall like that won't prevent price from fluctuating.

this price is not normal. it is dead stable at $1560.00 and that "wall" at $1559.99 with a 4.36BTC size is easily eaten into with 1 or 2 orders.

here is an example buy wall preventing price crash. do you see the size of it (here is hint: it is 636BTC and it is placed deep not on top and certainly not on both sides):
https://s28.postimg.org/qqigfqgst/Untitled.png

p.s it is indeed amazing ;)

Did you not think if that was a good thing for us? that means if bitcoin is ready for another bullish news to make the price will have touched another ATH.
I want to say if bitcoin already stayed on rest area, And it's waiting for another FOMO!!

The FOMO makes bitcoin gets spread to every hand. I will be expecting there will be no more dump in the future.

Just a little correction.

After my first glance I thought that price was stable for extended period of time. But after closer look I realized it is only 20-25 minutes of stability.
Plus, it is only one chart from a single exchange, it is nothing to be get excited about.

There will be always dumps, humans are irrational creatures, if some whale decide to liquidate his long position stupid people will panic and follow.
Bad bitcoin news in the future are unavoidable too, and it will always cause price to drop as well.

Yeah, bitcoin is being stable the price chart. After the last year halving bitcoin price seems to get increased and people are moving towards the bitcoin in huge numbers. Panic on bitcoin is because many of them are thinking that hard fork may happen in future.
Even last 4 days before bitcoin price is sudden bump touched the peak value.