Bitcoin Forum

Bitcoin price has come in a moment where for more than 2 weeks now is sitting in the area of 610 USD +- 10 USD most of the time. Why has the price stopped moving up or down ? Bitcoin is well known for its instability and being very unstable but now things for me are starting to look different. I was reading bitcoin related news in clear and also deep web but could not find anything that can make the price of Bitcoin go up or down.

Any ideas why the price is stuck for more than 2 weeks now ?

Generally after every big pump and dump there is some period which is called as correction period at which price will be in constant rate for few times. And looking at current stable price after recent pump, it is likely that we will see another spike soon.

It's actually very simple. Nearly everyone is waiting for a large trader to pull the trigger. It can happen right now, or after a few more weeks. Till then the price will not move much from the current levels. I don't mind if the price is not moving for another few weeks, as long as it stays above the $600 level.

It's consolidating, that's all. Probably shoot up pretty soon.

To be honest, none of us really can say for sure, but some small spikes make me think that there will be atleast a little blow up sometime soon, or atleast i hope so.
In any way, i don't feel comfortable selling anything just yet, that's for sure.

We can't have just spikes all the time. The price has now "calmed down", especially after the Bitfinex hack. I bet we would've had a $700 price right now if the hack didn't take place.

Not for nothing,  but I'll take a stuck bitcoin price over a crash any day.  If anyone is planning on using btc as a currency, you want price stability.  You won't want to spend something that's increasing in value and you won't want to save a currency if it's declining or get paid in one if it's declining.

that's right if you are comparing bitcoin to fiat or else 1 BTC = 1 BTC ;)
[well even fiat for example the change between Euro vs USD isn't always that stable and i saw some people waiting for the best deal to change from a currency to another]

back to the topic, i am a little bit worried when i see the price relatively stable because once we will hear a bad news the price will fall again to 500 USD...

haven't you noticed painfully long periods where it did this before? it's the new normal. it sat in the 250 ish range for what seemed like forever too.

Its not first time price to "stuck". I don`t think that have some logical answer, and I don`t think price can constantly go up or down. Sometimes price need to settle on some level. That is good, a bit of relatively stabile price can hurt no one.
Maybe this is like some preparing, bitcoin had some problems on the market, but price will go up eventually. I think this winter will be very exciting, some things will happen like every winter in past few years when price was going up.

bitcoin price has been very stable after the halving except for the dump which happened after betfinex hack.  so it is not just the last two weeks :-D

It is great to have a stable price, it would be better to have a rising one but a stable price allows big players to get confidence on the asset.

Stable price is good!
Sure you aren't going to get rich overnight, but I'm pretty sure those days are over anyways.

A steady price is good for long term investment, since you can probably make a little increase over time, and not have to worry about price bottoming out.

No one knows why the market isn't moving, but why would you expect it to move in these times?

That being said, when the price is volatile, people want stability. When there is stability, then people seem to get bored and start hoping for the volatility to come again.

instead of asking why the price is stuck, you can also ask yourself how much support there is needed to get the price to maintain its position above the $600 price level.

the same old topic about the same old story that always happens with bitcoin. if we even see a week of stable price everybody is like why aren't we getting rich from the rise!

you have to have patience and start looking at the charts with a bigger zoom (zoom out) and see the chart from month to month or at least week to week.

Folks here seem to have the memories, attention spans and perspective of gnats. Bitcoin cares not for your petty boredoms.

The price of the bitcoin is really stuck and that is all because i know that the price wont change anything maybe a little bit at the end of this year but idont know that for sure!

We had plenty of periods in the history of bitcoin when price was stable. It is nothing new.
People assume naturally that bitcoin price must be volatile and and now after a brief moment of stability when value of btc is stagnant they panic.

This is mostly wishful thinking on the part of traders, who of course want a volatile market. It's not surprising to see that here, considering that this is the Speculation sub-forum.

Bitcoin devotees tend to want a more stable price as they feel it's better in the long run.

We "holders" (I prefer to call myself a saver) want it both ways. We want a steady upward price rise to see our savings grow, but with just enough volatility to create buyable dips.

The price right now of bitcoin is not stuck in this level and i think we are just seen slow movement of price because we are just few trader in trading site.. bitcoin is unpredictable sooner the price can be increase again more..

it's stuck like it was before, so i see no reason to worry, just be fine that it is not sinking to the ground after what happened with all the hacking and chinese exchange scam

The price being stucked simply said that both dumpers and buyers are in waiting stage, the affecting factor would be, a bad news or a good news.  Which ever happen first will certainly dictates the trend of bitcoin price.  And I hope it will be a good news for price incline.  I don't want to see my holding having less value in terms of USD.

The price movement is slow actually but i dont think its stuck, we expect that the prices will increase highly in the next few coming weeks.

yes  that is a fact that the price of bitcoin stuck again above 600$ just it was stuck at 570 and 580$.but after some time the price of bitcoin start increasing so we are again expecting the same that after some time the price of bitcoin will start raising and this time it will stay above 1000$.

Have you tried turning it off and on again?

The price of Bitcoin never gets stuck, either the market stops moving for reasons or your exchange tracker broke. The value is always changing, and if one exchange breaks there is always another one lined up to get the volume moving again.

Actually i'm like it when the price of bitcoin have a stable price, so we don't need to worry about the price of bitcoin going decrease or not. The price is stable more than 2 weeks because, there is nothing happen on bitcoin, like gossip/issue. So it's make the bitcoins price stable

It is holding in a tight range right now. I would like to see more movement, but having stability is probably good for those that are worried about volatility.

The price will fluctuate once we get closer to Christmas time i.e December. There will be more people trying to sell their coins for fiat than those willing to purchase bitcoins.

we can observe that the price of bitcoin is really remain stable for most of the time, and i think it is too good and is in favour of bitcoin, the other reason is that we can see that the price of bitcoin gone up about 40 points in previous days so now we can expect a little correction so the price is stuck to one place or just lower down a little.

The price isn't stuck, it's just that the market has decided it doesn't want to do anything for a while and it'll likely change sometime in the future. All you have to do is wait for the traders to start getting antsy in one way or another, and they'll start making the value more volatile pretty quickly.

The movement (or the lack thereof) is another of bitcoin's traits. It can't be expected to just go up or go down without any apparent reason. Right now, with the price idling at the $600 levels, I think it is still a good time to buy because of the potential price increase in the last few months of 2016.

September is the end of Q3 for the 2016 calendar year, so it maybe that people are focusing on other projects at the moment.

Have a look too at when various parts of the world have their end of tax years as well as companies reporting for dividends and the like.

When it's all said and done, isn't it a great thing that BitCoin can hover about $ 600 USD for not just days, but weeks on end without a sudden panic sell or buy through stealth?

It could also go the other way. If you look at the daily chart you could see that more clearly. I still stand by my statement that before Bitcoin can start moving up again, it has to go down first. Maybe I made a mistake by saying that it will stay at under $600 for a long while, then move down to the lower $500's before moving up but taking the amounts aside, I still believe that it has to go down a bit before going up.

Right now there is now buying going on, why? Because it is a seller's market. The sellers have to sell everything, move the price down and then that becomes a buyers market because many could get in at a bargain. As the buying increases, so do the price of Bitcoin.

the volume is an important part of the market and it is still pretty high which shows even in this rather stuck price there is still a lot of trades happening and people are accumulating bitcoin.

besides 2 weeks is nothing for an stable price. starting from last year these periods of stability are happening more and more often and they are a lot longer than 2 weeks. and there is always a rise afterwards if nothing bad like another finex hack happens!

I don't think we are going down anymore. If you look at the charts from the bottom at 200 till now and draw some lines to this top, you can clearly see that we are still in an uptrend, touching the bottom line almost, which may even indicate that there is a price rise coming soon.

Bitcoin has gone down enough from the recent highs and it has already dipped low enough.

I dont think the price is stuck at the 600 i saw a bit of rising after hitting the 600 and i hope he will go up to the 1000 each and that would be very special for allot of bitcoin users of course.

Why do you all think that the price of the bitcoin is stuck i dont see the price falling and i see him only rising at the end of this weeks so i dont understand stuck is rising and dropping nothing.

It has nothing to do with there being just a few traders online. These people are constantly ready to jump into action as soon as the market starts moving. It's that there is nothing for people to focus on right now that causes the price to remain at current levels for a while. People were looking up to the block halving not long ago, but right now there is nothing to look up to for people.

We can say price is stable. This is what I call stable price, I remember there was days where difference between high and low was more then 20 dollars.
TODAY'S OPEN $608.53
TODAY'S HIGH $608.72
TODAY'S LOW  $606.31
This is a good thing for bitcoin economy, from time to time bitcoin need to show its stable and strong, that will attract more people to invest in it, and people will have more trust to put their money in this new currency.

this is the first time i see someone complaining about the price being stable and complaining about it this soon.

usually people start complaining after a month of stable price with little movement not after 10 days!

and this is all normal and good for bitcoin to reach a more stable price and stop being so volatile so that we can start thinking about it as a currency that we can use to buy stuff instead of just hodling it.

I don't think Satoshi has left a message saying something like, "Bitcoin will move continuously up and down so if it doesn't do that, something might be wrong." In a market, if there's no significant, then the amount of money people putting in and getting out are almost the same. The reason why would there be an inflation in the first place would be because somebody has put a lot money in the market and the reason why would there be a deflation is the opposite.

In the word  market price  which means theres a relation between buyers and sellers and   we should expect theres a movement. As you said  satoshi didnt even left a message  that it would  go up or down. It  always depends  on people  who bought and  who sell. Inflation and deflation is a normal thing on bitcoin, as we saw on the stable price maybe theres no people who bought and who sell.

We need more time to call it stable. It is just a few weeks that the price is dangling around this mark. If we see this for at least 1 month more it will show we have find a steady and stable price. But knowing bitcoin, this may be very hard to say the least.

I agree with you, we cannot say that the price is stable right atm. If it stays this way for more 2 weeks we can say that but not for now. The price will rise soon enough...

Price of the bitcoin is always stuck around the 600 dollar dont know why you all think that is going to change that wont change because the bitcoin is not getting better if you think that would happen.

this price stability is temporary,when none of any organization backup bitcoin then the permanent stability of the price seems just a dream,even a currency that being backing up by government such as dollar could fall and rise in short term of time,so you'll see again the day when the difference between today's low and today's high is really far

Almost unpredictable, however stable usually goes upwards, while spikes tend to flatten down again.

Spikes doesn't have to be a bad thing. Sometimes it means that there were a big potential that needed to be released. For example in times when the price is kept low artificially and by manipulation dumping then when it stops the price goes up so fast.

And then the fall back is only small, not to the previous point but instead to a higher price.

Calm price movement always happen and I guess it would stuck again for how many weeks. Well, atleast we're sitting with a price that start in #6 not 5. Who knows, it would go up again after a calm.

this stability is fantastic. i have sent someone like $100 in btc nearly 2 days ago, and the value of that transaction is still the same. this is what will help to get the average joe on board. they want stability, now here is a taste of how things can be in the far future.

i am glad that i am not the only one who thinks this way when sees topics like this.

i have always been saying that price needs to be stable if we want to see mass adoption. nobody would ever start spending bitcoin with his mind at ease as long as price has a chance of going up.

and also nobody will ever buy bitcoin as long as there is a chance of going the other way, down.

I think it is good if the price is stuck and does not decrease. when I look at the graph of bitcoin, it will increase in the next few weeks, perhaps more precisely between october and november.

In many markets there's enough data and analysis that you have a pretty good idea how people have historically reacted to price changes. So although it's ultimately down to human behaviour, it's not necessarily completely unknowable.

Obviously It shows some stability in price chart of the bitcoin. As you mentioned even I am sure that price will be increase on the coming November to January due to Christmas holidays. I think most of the people will utilise that time sell it out.

I try to take this kind of advantage since bitcoin value quite stable at the moment.
Last week I can made 0.05 profit , thanks for that. By the way it's not too late to buy and keep hold bitcoin since it definitely will increase higher than today on the future

Stuck? Well we've been on the time of stagnation for like a couple of months on 2015. It's fun to think that we are again at a point wherein traders are waiting for who will do what next, and for me I think that is kinda crazy yet exciting because we are yet to see what would be the market reaction after traders pulled the trigger. It might go up or go down, but for me personally, if the price is still stable, it's better to just buy anything you can with your bitcoins as long as it lasts.

yeah but it's always better if is stuck and increase slowly not with a stupid pump and dump, but if it remain stuck there forever, many might lose interest in bitcoin, because an increase or decrease draw attention of the media, which is good

honest to this day I am still confused when they hear people say that the price stuck that never happened on bitcoin, the price always moves either up or down even though only $ 0.01

yes it is right to say, as we can observe that the price of bitcoin now trading so stable for some time and then it goes up or fell down to some value. but this time as the price of bitcoin is stuck just above 600 so we can expect that the price of bitcoin will go up and will reach to 1000 USD.

Accumulation phase.  This won't last.

It's hard for bitcoin to go up in value if the amount of transactions per second can't go higher than it is now because we are hitting an arbitrary limit that was put in place 6 years ago, presumably as an anti-spam measure.

Has the internet price and the hard drive price not been reduces in the past 6 years, so that it is necessary to keep the 1MB limit?

Has the average block size not increased the past 6 years, so that more space is required?

I think we all know the answers to these questions.

It's indeed accumulation time, but more for the late comers and the doubters who don't have the balls to buy when the price is dumped down.

Big players have done their accumulation at the time the price was considerably lower than today's price.

I guess your name says it all. All i can say is anyone buying bitcoin is a fool.
 ETH is rapidly taking over the entyre crypto economy and even banks are now integrating it into their systems. I suspect it to overtake BTC before the end of the year.
It's basically doing everything we all wished for but was never realized by the community and devs.

We just witnessed another massive move into ETH out id BTC. 2% of the entire btc economy just got transfered to a better system in mere minutes!

I dont think the price of the bitcoin is stuck and that is only because the price is only rising after the end of this year and when the price drops you all know that is not the time to sell.

today bitcoin has decreased and this was really nice to catch a cheap price. I still have great confidence that prices will rise. just wait and be patient. do not panic when prices are falling, but it is good to buy :)

yes it was really looking so but now as you can that the price is increasing day by day. and has reached to 640$ round about, it is also expecting that the price of bitcoin can really cross 1000USD level very soon.

actual current bitcoin prices go up and down, although still small, but bitcoin slowly moving again, and I think it will move in a favorable direction. I think traders have started to glance back for the price of bitcoin bitcoin is now no longer trapped. Well, this might be an excellent purchase until the end of 2016

i can't blame you since we don't have any good news or any aspect that can help lift out the price that we holding on to make sure that price would surely pump, but for what i've seeing the little rise it gains little faith for me that still this rally would continue and since the peak season of bitcoin is coming provably the price for this one will bend and maybe we can see some posivite result in this incoming days, but for now if you afraid to stake just monitor so you can safeguard your money against the downfall flactuation.

So, now we are sitting on the highest price since the Bitfinex hack. I think the crisis caused by that event might be finally over.
Plus, with current economic and political uncertainty bitcoin will be gaining momentum. It is the last stop before we will reach $800.

Well, anything can happen between the price now and the $800 you are talking about. I hope the price establishes a solid support first, before attempting to break the $700 price. The price right now is still having a hard time maintaining an average value because there is still a slight pull at the lower $630 levels.

The end of the year is well known for having a price increase. Tensions in Syria have convinced many of us to just go and find a refugee in any other currency but the global ones like Gold and Bitcoin. They're safe for now, but of course Gold is safer than Bitcoin is because it can be used anytime and anywhere in case of a crisis. I expect a high price too, the top of the year until January.

Bitcoins  price  is  stuck for  how many  months  though but  as we  all witness now that bitcoins price as  of now  is starting  to climb  up and  even hitting again the  $640 mark which is  really a good sign that  bitcoins adoption is starting   up to  move  again which could really affect the bitcoins price.

I wonder does op still think that price is stuck after this  pretty increase? This is again just another proof how much bitcoin is not stable, we can see price 50 dollars up or down in just few days.
For us little holders it's not much maybe, but can you imagine people with 100 bitcoins? It's 5 000 $! With 1000 bitcoins? It's 50 000 $!!!! That is just wow when you start to thing about big numbers.

The price of the bitcoin is neverstuck he is still at the 600 dollar but i dont think he is stuck you have to be happy thath the price of the bitcoin is not going to drop that
much than you wil not be happy.

i dont think that the price of ht ebitcoin is dead becuasse some times you will see the price of hte bitcoin rise if you take a look at the price of thje bitcoin off coursse but most of the peopel dont do that.

The price of the bitcoin is not stuck he is just holding on to 600 dollar and that is nice beayce that is a high price and when ht is holdiung at this point he will rise to the 800 dollar we all hope that would happen some times.

The price of the bitcoin is not stuck he is just holding on to the 600 dollar and some times drops a bit and sometime he is going to rise some it never
happends after each time but it happens some times.

Bitcoin price really don't stucked up well it's actually growing up and there times that bitcoin decrease but not long time most of the time bitcoin back the price into much more higher price. Maybe if bitcoin stopped moving up or down bitcoin may not on the demand.

The price of the bitcoin is not stuck becuase the price will rise some times and some times he will drop that is everythng about the bitcoin becuase the bitcoin is
getting much attention the price most of the times rise.

the price of the bitcoin is allot more than stuck i dont think that the bitcoin is going to get his old value back you know and that means that allot of people
are nog making much money anymore.

yes that is right that bitcoin is not going to its previous price and is also not struck any more, as the price if now increasing continuously and hopeful that its price will cross 1200$ at the end of 2016.

It was stucked this previous week because of the correction stage where bitcoin price adjust to its current value.  Now that the actual price of bitcoin settled and the correction phase is done, without bad press, the natural price growth of bitcoin is now happening.  If this growth is coupled with good press, there is a possibility that the growth rate of bitcoin price will increase.

The price of the bitcoiun is not stuck you know and that is because the people are not selling the coins they are just holding and holding the coins will not affect the price to
rise he will only fall off course!

its not stuck is just taking some time to established but for sure it will move up again and it will keeps on doing that.

A month ago BTC price touched 700+ btc , again the same wave is coming..so where is struck??

the price of the bitcoin is not stuck it only depends about waht everybody does with their coins you know you should sell or invest coins byjust holding
the price will be stuck.

the price of the bitcoin is not stuck and i can tell you why the price is just holding on thesame value a month long becuase peopel are getting frustrated and just holding and that causes allot of troubles to the bitcoin.

If the price is stable for a while now that doesn't mean that it's stuck. Price is determined by many factors on Bitcoin market and its users and no matter how we would like to move the price up that doesn't go so easy. But I think that many users at the moment are just holding their coins waiting for some big price pump.

yes it was really stuck a month before but now you can see that the price of bitcoin is not stuck any more and we can see  some good increase in the price of bitcoin.

As of now bitcoin price is increasing and decreasing we will not stuck up on that price and everyday bitcoin price moving and if you really track those movement you will see that there are many investors who really exchange there bitcoin into fiat and fiat into bitcoin, bitcoin into another altcoins if the price of bitcoin stopped moving up or down maybe it is not on demand at the moment.

The price of bitcoin is not really stuck, bitcoin is moving forward with its nature of gradual increase and decrease in price. After few days of gradual increase the price was fluctuating around $630, which had now decreased by a small margin.

The bitcoin price is stable at the moment and you can also call it stuck because it is not moving at all and I do not know when the price is able to rise again.
I hope that the bitcoin can still rise again this year but I do not think that it will happen.

It's funny how people complain about the price being "stuck" as in not moving much, while they in fact should be happy that we are where we are. People should stop complaining, and start appreciating the current price levels. It took us so much effort to get here, and it also takes a lot effort to remain here.

It is already a month passed since bitcoin keep holding the same level of the price. I think only professional analitics can tell you what is the real problem. By my opinion the prices is stacked cause of the process of selling-buying bitcoins is going on not so activly like before. The half users are keeping their coins and waiting to the price go up to sell it, and other part of users are waiting to the price rise high to sell bitcoins they have. So everybody are just keeping and waiting, that is the reason the price is almost not changing.

Its not really stuck and you can see the bitcoin price rise into + 1$ daily or an hour and it will go down sometimes but it will goes up again im on the market always and i lean my time there for atleast 10 hours everyday and i can see that there are really lots of investors who really do buy and sell of there bitcoins.

I also think that the price of Bitcoin constantly fluctuate. If this is followed, it can be seen. It is normal for Bitcoin

Yes price is rising but it's not every hour pump or anything. It's all because of upcoming Christmas pump only. This how bitcoin price use to rise every year. That you can able to check the price chart of the previous year.

you're right, stuck or not it all depends on the user bitcoin. if the user is using a bitcoin bitcoin transactions on a large scale, most likely it will make the price of bitcoin be up or down depending on the transaction. For example, many people are vying to buy bitcoin in bulk, most likely it will make bitcoin price rises, and vice versa. so, the current bitcoin transactions done with normal, leading bitcoin prices do not rise and fall in large numbers

Yeah, they are holding for a future price rise but virtually nobody is using them for what they were designed - spending. So what was the fucking point of this again?

I think it is a normal thing, after all the price stability is determined by the transaction flow of the user, i think because there are no large buy or panic sell, so the bitcoin price in a stable period, so don't too worry about it, there will be come the time where the price will keep on rising

Yes, it is a normal thing because of corrections with bitcoin price and seller and buyer waiting for the next news. But I think bitcoin price is now starting to move again.  Seems there new batch of investors to push bitcoin price higher than the previous week during the correction period.  I would expect bitcoin at $850  at the end of 2016

Yeah, nothing new. For most of 2015, the price was in the $220's - $350's. Talk about boring.

the fluctuations in the bitcoin price is natural . and there is always only some selected months in which the price of bitcoin remains stable . now here you can see the change and fluctuation in the bitcoin price at the present time which is about to variat about $630/btc .

Bitcoin price really increase but not that much instantly that bitcoin will be in the high as you guys expecting yeah we are specting that bitcoin after or before the year end bitcoin price will not be that too stable when it comes to price and bitcoin will be increase into +20 or more USD in the future month

These  kind of gradual movements would be still considered unlike to  other  speculation which they say that bitcoins price would even  reach $1k  price on this  year which is somehow  impossible to happen though  but we could say it would reach that certain  price point  but not  for  now on  this year.