Bitcoin Forum

https://i.imgur.com/n40BBz1.png


We are headed towards $100 and perhap stabilizing at $150.

That is not so bad considering a little less than 2 years ago it stabilized at around $80-$120 for 7-8 months.

Now it looks like bitcoin will stabilize around $150-$200 for the next 8 months to a year.

You could be right. I think you are dead wrong. Look at the volume on that chart.

OP, why such medium term prediction?
Why do you think the price should stabilise around that level and stay there for that long?


The volume gets higher on that chart because it is measured in BTC. If you look at the volume measured in USD volume actually decreased since january-arpil 2014 and eventually remained kinda the same until now on all major exchanges. Look at these differences in volume on Stamp or BTC-E or on the chinese exchanges for example.
The lower the price, the higher the number of BTC traded for the same USD value.


Overall, on all exchanges the volume in USD is now lower than what it was in during the $1200 pump and during the initial phase of the bear market.

Bitcoin... stabilize...  ???

150-200 is not exactly a stabilized value. Doesn't look like it will stabilize anytime soon.

It will take a long time before it does happen.  :)

BTC is bigger than 1 year ago, so I doubt it will stabilize at same level.

Question is: are we already stabilized or are we going to rise more?

As long as people treat Bitcoin as an investment/commodity, the price wont stabilize.
I think we have a long way to go before it stabilizes.

More like stabilizing at $200 to $250 instead of $150 - $200.

It actually has been stable in 200-250 for a while now. But within that range too it is too volatile, which is around 25%

I dont think Bitcoin will stabilise anytime soon but looks like 200 is bottom for now.

If bitcoin ever did hit 100 again the economy would be in ruins. Even cloud mining with the best miners wouldnt be profitable at this. I think 200 will be the lowest we go from now on and even at that price a lot of miners are not profitable

I've made several sharp predictions in the past, all of which helping me to put coins in the bank!

i still think it will go sub $200 but definitely not in the range of $100-$150 that's too low. my guess is $190 and then back up again.

I also noticed that.

Interesting prediction.  I think it wont ever stabilize until there is widespread adoption, but there won't be widespread adoption until the price is stable :P  I would like to see the price fluctuate no more than 1% a week.  I know this seems absurd but it would allow wider adoption.  Most people might be nervous using a currency that can change so quickly especially if they only want it for purchasing and not investing.

If the price does go down I don't really mind because I can buy on the dip.  I think that unless there is a catastrophic system failure of some kind bitcoin will have a good long term value.

probably 300-400 for now.

Stability comes in many forms.

I'd guess the current stability comes from market exhaustion and very limited demand.

Downside through indifference is very possible but there are buyers willing to defend certain price points. Whether their willingness to sustain it continues is another matter.

Pretty sums up what I believe about achieving bitcoin stability.

It is difficult for merchants to accept bitcoin if bitcoin price is so volatile. Their solution now is an immediate fiat conversion. I would like to see more merchants, small or large, actually hold bitcoin, and that will not happen until they know bitcoin can retain it's value over a longer period.

For me, I am fine with bitcoin stablising at $200 or $300 (or higher). I would loose some money for buying in at higher levels, but it's for the greater good.  ;)

Bitcoin has shifted in price by less than 0.5% in the recent times. That tells me it is trying to remain stable. So I am not that surprised to see it happening because I wanted it to get stabilized in order to gain more trust among the users and investors.

But if it convinces more people that it's worthwhile to use, the market is still so microscopic that a wave of real adoption would kick the whole thing off again.

Mass adoption is the key.

I see more of the same information, and I feel its the right direction.

The $100-160ish range should be on the spot, since the whole 2 years were around the same price.

im forced to say that btc will be like 300 dollars max and 200 dollars min in the next 3 to 6 months but will go to drop in december 2015 to less than 200 in my opinion its just speculation but its what i figure out in the moves of desire for btc exchange to goods in chrismas

Do you think that way based on the rising difficulty for the coin?

Or is this based on other events youre speculating, cause we always seem to go up and then have a huge downfall.

If it stays like at 200$ for the year , that would be not bad , no ?
Because the next halving block reward is next year also , so it should double the price if the demand stays the same , from 200$ to 400$ / BTC :o

it was even lower, if you don't take into account the mega pump of late 2013, then the initial price was around $90, before that storm happened, 200-300 was just an other peak of april 2013, it was not a decisive price...

BTC has been fluctuating between 230-250$ for 4 months but it doesn't mean it can't break the upward resistance!
Inflation of the USD, new investors and new bitcoin enthusiasts , adoption by a few major companies could bring us way higher than 300$

I don't think it works like that ;D

sure it does not :)

I believe halving will cause a price increase but it will be no where near double.  However it may be a catalyst for another bubble if enough people on the outside hear about it and decide that they want to get in before the half.  I guess you never know, these things can be wildly unpredictable.

:o whyy not  guys ??? could anyone please explain ? if the demand stays the same , and the the supply got halved from 25 BTC to 12.5 BTC , why the price won't get doubled ? I guess it does make some sense

Lots of people seem to espouse the idea that every single mined coin instantly goes up for sale on an exchange. I seriously doubt that. The real big miners will have OTC deals set up or no shortage of buyers approaching them privately. Plenty of coins will be hoarded as well.

Daily volumes on all public sales channels are much higher than the amount of coins that are mined every day. In the last 24 hours it was about 65,000 BTC. 1800 less coins a day would make a small dent in availability but nothing too radical.

back to $234?

i don't think so.

Money is to be made

The block halving will just cause a temporarily peak in the price. I seriously doubt it will hold that price for a long time. 6 months after the halving, the price will probably fall back considerably.

not at the current price too, otherwise miners must shut down some of their equipments, the price should at least holding a double value

It is not like supply suddenly halves.. NEW supply halves, but releasing less coins does not mean that the market cap doubles.. Sounds like a miners wet dream though.

no it won't stabilize at such a low price, that;s more than 2x times less than now, it's 430$ at this moment and it's pretty stable too now

also if price would fall to 150$ from 450$, then it would be death for bitcoin because everyone would sell their coins and price would fall even more

that's the point, first of all, i don't think that bitcoin will ever go back to such a small price, bitcoin should never fall down so much

and even if it will fall someday, it won't stabilize there for sure and will go back to 350$ atleast really soon, or it would be death of bitcoin

it has been over a year since OP made that specuation and there is no indication of any kind of stabilization for bitcoin price. it has been in $200 range and couldn't go lower and it has been rising ever since!

Well, they thought that price would "stabilize around $150-$200 for the next 8 months to a year." The price might not have reached $150, but it sure seemed pretty stable for the 8 months after their post: volatility was low, and price was range-bound from late January 2015 to October.

I also think the price would not in $150 because the price is rising even it's rising slowly. and I think the price perhaps will not be down because bitcoin is a little more famous now, so the demands of it is rising, I think

The bitcoin is stable around $420. But the price will not so stable in the near future, nearing the halving.

As long as bitcoin is still in the process of evolution, i don't see it stabilizing very soon. We will still experience volatility in its prices which will lead to big oscillations. At one time, the price might even go below $200 and we might also realize a price above $600. At the moment, the price is oscillating between $400 and $450. But I am sure there will be a different price in the next two months.

The price will never go below $200. The price below $300 is a history now. Its price will double this year.

Never say never. Remember that after $1200 we went to $200, or even below that. So nothing is a history that can't repeat. it is about whether it is likely or not.
Sub$200 is now less likely, but we can't absolutely exclude it, especially that after the next halving already 75% of all coins will be in circulation and may be used to drive the price down.

This thread poster must be a member of the idiot's hall of fame.

I second that observation   :D

Its been holding at $400 zone for over a month.. I dont see the $200 marker anytime.

Unless there was some type of serious issue on exchanges going rogue or something.. like how cryptsy did with their alt coin exchange.

haha, nice bump. i remember seeing this topic back then and thinking to myself this can't be true. and i am glad that i have acted on my thought and bought as much bitcoin as i could back then at $190-$230 range over time 8)

Why?

They predicted ranging between $150-$200 for 8-12 months. Instead we got ranging between $200-$300 for 10 months. (http://bitcoincharts.com/charts/bitstampUSD#rg1zczsg2015-02-01zeg2015-11-01ztgSzl) That seems pretty good to me - I saw their post, ignored it for a few months, then realised they were largely correct, and started buying around $200 and selling around $300. Damn these idiots making me money.

Even if we get to $200, there definitely won't be stability.
It will be a mad dump, or people will rush in to get cheap coins.

We did, there was, and many of us got lots of cheap coins.

I don't think that the stability will come at that price as people have saw the high prices and if the price came to $150 or $200 then everyone will try their best to increase the price and at that price no one will agree and will wait for the price increase, while if the stability came at more than $500 then I think people will rely on it.

the price was stuck at the $200's for quite a while, but still, people were doubting whether or not to buy at these price levels. and look now. those who didn't buy are surely blaming themselves. and those who bought, which i am one of, are looking back with a big smile.

No, stability came at $200-$300 and lasted through most of the ... fuck it, this is clearly a "special" thread now, lost to all sense. Have at it, sig spammers.

Yes for the coming few years we will not see any stability in the price the price is now going up and will will boost up at the halving and I think will continue to increase till the end and after that if the demand was high and more people came to there then the chances are apparent then it will continue to more height.

Yes now the price wil not come back to that much amount at the time when the price used to go that amount the people were much less who adopted bitcoin also there were much less believe on that currency, now it has a great fame and people have strong believe on it .

Bitcoin will rise soon slowly and that would be nice for the people who already has made an investment in Bitcoin because they can maybe make profit soon in the future.
And indeed it kept stable for a long time but now there will be a time of rising I think.

I think the stability price will not be at $420 but will be a little high, as everyone want to see bitcoin at a high value and whenever the price not reach to our desired value, I don’t think that the stability will occur.

Bitcoin was for a long time stable and many people dont like it of course because the value was not that high now so they cant sell it with profit and that is bad for them.
But it will rise soon because the halving is also coming and the it kept also stable for a long time so it will be now the time to rise and make profit.