Bitcoin Forum

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?

Right now, I feel new investors and people who are thinking about investing into BTC are confused and not able to decide whether they want to invest or not. After the successful voting of Segwit integration, some are worried and others are confident about it. Hopefully, everything will be fine and BTC reach a new height before the end of this year.

The investment is the major cause for the price being stable. Right now the circulation will also happening in a normal manner as the investment is not happiness a large scale. This is just a temporary issue, because traders won't be actively investing as the price variation is quite low and this will change in the falling days.

I think so, because the hardfork(UASF) just like a betting to the investors. Uasf will be happened in august and i think if this is complete bubble before the segwit + 2mb hardfork activation in the future. let's take your money before it will be happened.

Mixed sentiment people will keep observing until August that said there will still be a fair bit of movement a lot nearer to the date in my opinion as people exit and enter positions near the Segwit2x date, until then people will just note the signalling too little will lead to other speculations, enough to get threshold will keep the current set of questions going etc.

The catch is for the seg wit compromise for at least 'signaling' I'd think there'd be more movement upward in price

on the other hand

bitcoin core has NOT yet come out and said thank you for seg witness...BUT the other shoe that may drop a few months from now

IF bitcoin core will not support the 2mb hard fork (or any hard fork), so we could be looking at 2 more years after 2018 of this yet

(not to mention that Craig Wright supposedly Satoshi will have access to keys to his supposed hoard in a trust of bitcoin on Jan 1st 2020...sorry I use this story
to scare 'newbies' ..he is the last person I'd want to be satoshi..he'd dump it all and watch us all burn imho) :) (shudder ..scared self)

I don't believe but it makes a great BTC bedtime horror story...

bitcoin is 'never stable' is like a Cat...either preparing to jump up or jump down .....except with BTC it is price.....

Yep, it's the calm before the storm. It's kind of like an armistice between buyers and sellers where no one dares to make the first move.

Normally in weekends you don't find big dumps in the chart. May be can find some in the chart. Bitcoin price stability like a desert water you will not see in all the time due to its price fluctuation tendency.
 I hope bitcoin price will touches to 4000$ in this year end due to high flow in adoption and Christmas bump is also gonna happen.

all the drama of block size and segwit and miners and core aside, this is not at all surprising! just take a look at some price history and see the same thing happening other times. after all the high volatility in the market there is always an stable period.
in fact i am surprised that it took this much for the price to become stable once again.

Well near a year ago before the last race I was thinking that the price is finally stable... but look where we came )))))

Stability is important for new sustainable grows, because people will have an idea where is the new high and everything, also every day new coins appear out of nowhere, so no fall in some sense is a rise.

I see a bullish pattern in 1h, but may be only an impression of mine

Stable price is good for bitcoin. It may attract big companies to accept it if it continues to be stable with only small chunk of movements. Companies that are skeptical about bitcoin until now. This would be a good incentive for bitcoin and its price to rise further up. However we have to wait and see what happens on August 1.

so stable price results in growth making it unstable again.. seems the statement contradicts itself, but also seems that it works ))

Its still a waiting game for now. The investors or some of them are somewhat tentative because they are looking at how the Segwit2x activation will affect the ecosystem. It is not just today, but a few days back, it has been like that. Its been hovering at around $2600-$2700 and its been boring and a slow phase.

Yes, I saw this too as my desktop price ticker remained very stable around 2720$. I guess that is good.

There will always be stability in bitcoin price. Even before there will be a time to calm down.
It is a good thing for those who want to withdraw and not present yesterday. They will still have a chance to make a move.
Not so good for traders like this kind. Perhaps a rest will be good for now.
A day off is not that bad.

Wait for August 1. if you want to se instability ;D

But now the price are starting to go down and it is now at $2600. It may be a small down price movement, but for me it is a sign that bitcoin price is not really stabilized. But, if the bitcoin price stays there or go back and forth at the recent price, I will be considering it as a stable price.

from the other hand the effect of August 1st might already affect the price... almost everyone is aware of this so maybe nothing would happen August at all  ;D

This stable amount of bitcoin is for the mean time. I believe that bitcoin now were rest, but after that Bitcoin were started to raised up again.

https://s.tradingview.com/x/LobQwqaW/

https://i0.wp.com/www.propagandafront.de/wp-content/uploads/2013/01/bullmarket-rodrigue.jpg

Please make a dot on this point, that You call "where we are".

There is more surprises to come in the near future, don't be shocked if you see price going up $2000 in a single day, why not huh?

When it reached $1200 and everyone were like drooling all over the floor, scammers were all horny then it dropped to $950 long enough

To fool some weak hands to sell which they did and from there it suddenly jumped to $1400 then 1500, 1700, 1800 and that was the spot

Where all the big investors poured millions out of FOMO and I believe we're still in that stage, which is a good thing if we continue to back

The price up as soon as it drops. one other surprise is on it's way, when people actually start to realize ETH has no capped supply and no end

Literally unlimited they will come back to Bitcoin and the result will be an increase in market share by at least another $6B.

Price is dipping as we speak. So there is no such thing as stable price of bitcoin. It is now sub $2600 and 24 hours ago we are seeing it at $2700. Investors confidence at bitcoin is somewhat in question because of the Segwit2x. They want assurance first before pouring in their cash into the market. We may not see the price get to $3000 at the end of the month.

Change 24h -191.50
hange 24h (%) -7.100 %

https://s.tradingview.com/x/Y7xR25ZP/

This is just a phase, nothing permanent. We had already some longer periods of so called stability of Bitcoin but this never lasted very long. And all this pressure about 1 August, although nothing might happen like so many times before could also influence the price that could start to change very soon.

Ohh, please, here is a picture with phases.
The "Blow Off Phase"?


https://s.tradingview.com/x/kfGK6Kp7/

https://i0.wp.com/www.propagandafront.de/wp-content/uploads/2013/01/bullmarket-rodrigue.jpg

I can make a dot at first chart only  ;D

Wish I knew the answer where we are at second one.... but no one knows that ))

It would seem that the market is silent at that time, only few wants to buy and sell Bitcoin. Well this is not so surprising since the scenario was very possible. It is not an anomaly, the market just behaved that way so that was it. Bitcoin will not be smooth in the upcoming weeks and months since we are on a global bear market and it is a rough one.

Maybe yesterday price was stable, today high 2,640.84$ and low 2,556.82 $, almost a hundred dollars difference, I don`t think that something like that can be called stable. I agree with some members above, day or two without some big changes doesn`t mean a thing, I`m also sure that bitcoin will surprise us very soon again, good or bad is yet to be seen, I know that bitcoin is capable for both.
My prediction is that we will have quiet summer, for 1 August everyone knows already, and like someone said, when everyone knows about it when its priced already, cause of all that I don`t expect some big changes before October.

it will reduce the instability by increasing the resistances!
for example if we assume it takes 100BTC to push price down from $2500 to $2000 with growth it will take 200BTC and so on (imaginary numbers). and because of that the big swings will become smaller hence leading to a more stable market.

$ supply is cutted and will become more cutted in closest future (http://www.reuters.com/article/us-usa-fed-harker-idUSKBN18T2HE), the real users of electronic money have substitution opportunities, so no one is forced to buy BTC
 
https://www.theatlas.com/i/atlas_rkweR0y7Z@2x.png

You know, not every day  needs to be a ridiculous roller coaster. Even the most miserable penny stocks have their calm days. Doesn't mean tomorrow it won't go +/- 10%

if things were this easy and a with a simplified chart you could just predict the market then everyone would have been multi millionaires by now.

this chart that keeps getting posted here is just a simplified version of a reality trying to explain things that happen after they happen. the fact is most of these charts, analysis and other stuff are considered psedu-science and some even call them BS!

p.s.
https://i.imgur.com/JCK68Rl.jpg

Juan de Matienzo have described rules for Fair value some 500 Years ago.

I am not surprised with the price movement in bitcoin,it is range bound for a sometime now after all the rally,and even today according to kraken it was trading between $2,480 and $2,699 in the past twenty four hours and i expect these sort of trading behavior till something new comes up but you cant see a stable price for a longer time.

LOL at the p.s.

Was thinking much about who's the male and who's female there but later understood that probably this is let's say sexless picture without any such meaning  ;D