Bitcoin Forum

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

No mate its just the nature that the base price of bitcoins keep getting set at higher and higher values, earlier it was 600$ and now its 900$ or maybe better we say 850$ and in coming years it might be 1200$

for weeks? where have you been looking? change your source. check out bitcoinwisdom.com

price has been around $900 for about 3 days. and it is just like before, we have on the same path. scroll the chart back 2,3 weeks and look at the price at $785 then continue backwards to see hundreds of the same thing happening when price becomes stable after some volatility and then rises.

of course it could not be ascertained. but look at the market trend bitcoin, then we can ensure that the range is around 900USD.
This still is speculation and can not be ascertained. we should be able to control emotions in buying and selling bitcoin we have.

You are going to keep seeing those swings until something triggers the price up or down... there's no other explaination but assuming that the crash has already been priced in (or may I say, out) and now the current trading area is 800-900$. We may stay there for a while. Im looking forward to the Donald Trump inauguration day, once he enters the Whitehouse, we may start seeing some movements. Those things have impacts on the markets.

It's not the power but selling whales got out with their capital that they invested (or bought bitcoins) when the price was $1k during 2014, and are now out of the game. Weaker hands got out which means that many stronger minds are back in the game because of them and are not going to sell bitcoins below a "decided" level, and that maybe 900 usd.

What do you expect to happen to the value after trumps inauguration ?

Its just a normal movement of the price of bitcoin and i think it will never fixed at 900 are will be stable because bitcoins is always depends in demand supply so the movement of the price of bitcoin is always moving up or down..

Yeah I didn't notice this guy said "for weeks". Bitcoin has just recenty been showing signs of a stable price... and we are still far from calling it stable. I guess in bitcoin terms you need about 1 month of a stable price to call it stable. We have only been a couple of times sailing the 900 ish range. If we reach february with a more or less straight graph then we can call it stable.

Nothing wrong with how we are hovering around the same levels for days now. I personally like this as the price is somewhat stable within a certain range. It's nice that when you send like $100 worth of Bitcoins that the value is still nearly the same a few days later. Can't really complain about this. Better enjoy current levels instead of complaining. Maybe after a few days you will see what I mean when the price starts tanking heavily.

Good that the price didn't drop under 800$. I also noticed that the price is seems frozen on the point of 900$ for days. This situation remind me the same moment when the price was frozen on the point of 600$ for a month around of September. Hope it's not going to be repeated again.

Now that the FUD is clearing up over the situation in China and BTC we should see it climbing.... But it is just holding.  So that is a little odd. 

All the scare tactics about the Yuan, then the regulators...  Well lets just say the "news" itself was questionable.  Someone wanted in BTC at a lower price and have enough influence to spook the markets.  That alone should be reason for concern. 

There is nothing holding the price down. There is however big manipulation to try to keep the price artificially high to prevent the whole thing crumbling down. In the mean time big whales are cashing out.

Good to see you writing like a decent and understanding person instead of the hate you normally spew at people here on Bitcointalk.

Whales may very well slowly cash out at current levels, but the point is that there is still room for the price to come down like another $100 in the coming weeks.

That being said, right now the chances of going up or down are level where there is nothing that indicates a favor in a certain direction. It's purely 50/50 now.

After periods of high volatility, it is quite normal to observe subsequent periods of relative calm. In "normal" markets (given that the altcoins market is significant different) it is generally assumed that prices move in stable ranges 80% of the time.

People have said for weeks that it did not make a difference for the better with the price of bitcoin so what makes you think that this would?
We will see in 10 days from now if that agreement by the majority here still holds merit.
If it does go up on January 20th from where it lies now at $900 what will they have to say then? They were wrong? ::)
I for one think that their were other factors involved and that was not one of them because he don't acknowledge bitcoin at all.
He is old money and they stick together no matter what new money comes along because that is all they know and ever will know until they die.
Warren Buffet included.
He still thinks that bitcoin is a farce that should be eliminated before it gets to far and the people whom are using it gets scammed out of their life savings.

There was no reason for the rise to $1100 other than pure speculation, and the bubble popped.
$900 is an amazing price to be stable at right now.
The only people that are complaining are the ones that bought in at the absolute top, and even that won't be a terrible investment if you HODL for a few more years.
We will definitely see $1000+ at some point.

I check the price too but it does not stay at $890 - $900  in fact it goes up to $930+ and down lower thant $890.    There maybe whales holding it according to some theory but we all know theory is theory and yet to be proven.  I think it is a natural resistance and demand.  There is always a fresh money coming from the new comers. Aside from that there are lots of networking company that demand Bitcoin to give them to their members.

Looks like it's perfectly stable at 900... it's amazing how it has survived that massive selloff, I think it's clear that we are now going to keep smooth sailing around that area and then eventually we'll take off again for new heights, let's see how long that takes.

I'm getting strapped in, it looks like it might take off in the morning!

Its really weird that the price behaves like this. I saw my wallet and the price is just moving around $910+. I notice that it hasn't move up or down for around 3 days.

Nah bro, it ain't you t'all.  But you all remember we was loopin around $420-$430 for monfs this year.  Thet's jist how the market is, an' you could spend ya ho life tryin' ta figger out why, but it's all guesswork.  They ain't no one in particular holdin' up the price, but y'all ourt to be grateful thet the price is as high as it is.  Know what I'm sayin'?

It's pretty normal for the price to consolidate after a large move.  It represents indecision about what the trend will be.  It will break one way or the other soon enough.

http://www.investopedia.com/terms/c/consolidation.asp

There is nothing wrong with the price movement this days. It's normal that the price would slow down after a roller coaster price. Maybe the profit makers are done making money now, so we are back to having a steady straight price, and I think this will take long for the price to go boring again, until the chinese new year.

it might just happen. because at this time there must be a force great community that affect the price of bitcoin.
they have a number of bitcoin very much. however it is still a possibility, either true or not.

That is very hard to say. This is the stage of the bubble where you do not know if it continues and go past the high or will it all fall apart and crash. What makes the situation complicated is you have people who bought at the highs and might panic sell to stop losing more and we also have short sellers taking positions because they think the pump is over.

Nothing is wrong with the price...It's just settling on where it should be after the long rally and take a look at the 2016 chart, after a price rally, it will drop and we will have a long almost horizontal price movement in the following months, so this is one of those scenarios... Maybe whales are done for their Christmas and New year bonuses now...  :D

Maybe you just miss how the erratic price movement so when you see this one you feel like there is something wrong with the price and someone is freezing it...  :)

this is bitcoin for you. price has been following this thing for as long as i can remember, it becomes stable then after a period of accumulation, it starts rising again. and in very rare situations like the last week price for some reason that is usually different each time rises or falls big time and then becomes stable again.

you can all these accumulation periods on a chart with zoom out.

yes looks like it does and i'm not really understand how to predict the market movement but in bitcoin i always believe that there is huge power could manipulate the price so i think they have other scenario to keep bitcoin price at those range

Just normal day fluctuate of bitcoin.
It's better to set stable price and slowly increases, than rise up $100 in 2 days but drop back again.
When the price increase so fast, people triggered to sell their bitcoin. Not a good thing for us if panic selling happens again and again.

Well maybe right now, some whale is holding bitcoin as it is now and profiting from it. 12 hours from now, there are two possible outcomes we can see. A pump or a very big dump. That we will see depending on the movements that will happen in the next few hours, either way all of bitcoin holders will be happy either way so let's wait and see.

Dump already happened, but the question at this point is whether or not it will tank deeper. I just hope we can maintain the $800 level in the coming days even though we went below it already. Panic sellers will either come to sense and stop behaving like an empty headed chicken, or they will continue the dumping part where it may even trigger a good load of stop loss orders. Solid holders don't really care about these kind of fluctuations as their vision is pointed at the real long term.

Now bitcoin is at range of $811 Dollars im planning to sell my bitcoin because it decrease into the low price again i waited for bitcoin to be on the high price but i didn't expect that bitcoin will be drop on this again like last last year im hoping that it will be rise again . HOlders and dumping bitcoin ugh sad for this.

Love a good panic... Cheap BTC, can't beat that.... When everyone screams sell you buy with two hands...  People are sheep, or Lemmings... It is pretty frightening really.

Very unfortunate if you sell bitcoin when the price has dropped considerably, maybe I think you should sell bitcoin when prices do not fall too far or when already there are signs prices will fall. Maybe my advice would be better to wait for prices rise and if it rises you can sell it. But if the price falls might better keep hold it and buy some bitcoin to hold to wait for prices rise back and be on top, but this requires a longer time because waiting for bitcoin prices rise in my opinion takes time.

Yep totally not a bubble... lol
The fact remains that bitcoin has big fundamental problems with scalability and fungibility.
Adapt or perish, it seems like we are going for the last option.

https://i.imgur.com/Z3WKKlvh.jpg

The right way to think about it is to hope that more people panic and bring it below $800 or lower. That will be another good buying opportunity for us. Bitcoin is not done yet. It still has many markets to penetrate and make them efficient. A Trillion market capitalization is unavoidable.

same thing is happening right now...

Every user around here is expecting for a take-off, but the reality is not in our hands. $900 too is a good price with which users can make good investment as well can make further plans on multiplying it.

it is called resistance and as long as it is there price will stay up and then starts going up. and this resistance is from the buy orders that traders who sold on $940 recently is forming, they want to buy back again at $900 or lower to make profit by their short positions.

I also agree with this view, and I will even call it optimistic. In my opinion we will explore the sub $800 area in a not too distant future, as soon as the panic is induced in the news, e.g., be it hack of an exchange or something similar we already seen in the past. It is same old game, with same old players, beheaded chickens included.

The resistance in the price continues, if the traders who try to make profit even with the current price without holding their bitcoins long for a increase. No power holds the price to sustain around $900, the difference or increase from the current price tag keeps counting when the market gets increased circulation with stabilization in the economical situation of countries using bitcoins efficiently.

Yes exactly the price resistance really continued and holding doesn't really matter and they also make profit without waiting so long. It really have no impact to price hitting at 900$ because some traders use their personal btc purchased from other users and gained profit even price is at normal trend, so it made circulation increased at stable situation of country's efficient btc participation.

We can never know if there is a big group of whales keeping the price at a certain range... it is a possibility, but it falls a bit in the realm of conspiracy theory. I would not be able to claim that I know for a fact it is or not happening, we can only ride the waves as small traders.

we can't say it for sure, but if you look at the past charts there are some evident signs of painting them. You cannot explain everything by the fundamentals, as there was not much change in the fundamentals in, say last six months.

iam still hold my bitcoin
iam selling bitcoin price in level price 1100 dollar, and buyback again in level price 800 dollar
this now iam hold bitcoin, target bitcoin price in selling 1000 dollar

After big whales cashed out their bitcoins, the price drop back to $700 but it's already recover to $900.
It's still better than last year as we started at the current price. They didn't buy back as much as they sold it.
Maybe waiting for others to pump it in order to get bitcoin spread widely than only them holding so much.
However, the current fluctuate is better than rally to $1000 so fast, but users sell and the price fall down again.

If we applied that today, January 27 (since your post is January 10), it just the same principle and just a normal movement of price. Nothing new here since majority of  buy and sell rates must be set closely to that price range you have mentioned. By looking at yesterday price, it was playing in the range of $20-$30, increase and decrease and continously moving the way like that today.

And I  can't see any $890-$900 price that stays for weeks prior to the time you have posted this.

the power holding the price in the same level is called the free market and the chinese holidays vacancy, so right now there is no reason for a change in price right now with no news and stuff, also probably the chinese players took a break from trading, also not enough people to make a change in the price, for now

Yes, its around $900 range for almost few days.Due to situations which happened in china after PBOC action, price started falling and most of bitcoin holders got panic and started selling their bitcoins.That led to price fall to even $750. But there is still demand for bitcoin among new investors. I think their buying power has stopped bitcoin not to fall below $900. Also chinese holders who sold out in panic are trying to rebuy their holdings.it might also be a reason.

well, I guess, it's because bitcoin prices were stable. This also occurred when the price remains at $ 400 more. I guess this is a regular thing, after prices rose to a high bitcoin. Well, prepare yourself with the possibility that bitcoin prices will fall back, or climb back. because it always happens when the price has long been stable.

the China situation is getting too old and worn out and it happened during the fall from $1100+ price and continued a while until all the weak hands were flushed out. and the fall was mostly because of many panic sources not just China, it was the panic of China, PBoC, the fact that 1100+ happened once and fell, the bubbles,... FUD,...
and now whales are accumulating more happily that they ever been.

The price has naturally stabilized, it's not a work of whales. We have found an interesting support where the doubters are scared to get in but also scared to wait and see it go beyond 1000$.

Everyone with a brain should know sub 1000$ bitcoin is extremely cheap, but laggards will always realize of their mistake of not buying when it's too late.

Buying every sub XXXX BTC possible is a must in 2017.