Bitcoin Forum

As Bitcoin is now considered as a legitimate asset or a store of value on the same level (or should I say higher?) as that of the physical gold, stocks, established international currencies like US Dollar and the likes as well as traditional derivatives, maybe it is time to celebrate for some pizza (see above) and some bottle of beer (see below).

With the introduction of the Bitcoin Futures, am wondering if there is a possibility that eventually Bitcoin would be stabilized at the $20,000 level for years all because the futures are putting the restraints and ceiling to its growth?  

Actually, I do not have any problem if that can be case...but do you think many would still be investing with Bitcoin when the rate can be stable? We all know that majority of us in Bitcoin are here all because we are speculators first and foremost.

What is your opinion on this scenario? Bur before that...let's have some beer first!

Great question, very relevant.
Holders back in 2011, 2012 etc had no problem holding even when the price was stable for a while, because they truly believed in the original idea behind Bitcoin, and were thinking long term.
These days are perhaps not over yet, but let's be honest, there are loads of people now buying Bitcoin to make a quick profit, they don't understand the concept and will sell as soon as possible.
This is a personal opinion but I believe the drop in price last two days is due to big investors buying at 10,000 because of the hype, and selling at 15,000... I mean they know nothing about cryptos, but made a 50% profit in two weeks time, can you blame them?

Dunno about 20k.

Like 3 weeks ago nobody would believe, that BTC could cross 10k before Christmas. and now we are at 18k... . You really can't tell what's going to happen in net 48 hours on this market.

I think $20K is too soon to stabilize. Honestly, I wasn't thinking that we wouldn't see $15K in 2017, now I'm thinking maybe $25K might be possible within this year. I'm thinking it's too early to talk about stabilization before $50K levels.

If bitcoin price gets stabilized,then most of the investors would lose interest as most of the new investors just buy bitcoins to get quick profits.They totally differ from the early investors of 2011 who just bought bitcoins having trust in it and to use it for transaction purposes.Even the traders would lose interest if bitcoin price gets stabilized as they too make profits using the volatile nature of bitcoin.

Why you chose $20.000? Because it is a psychological level? or a beautiful value? Last days showed that Bitcoin price is no predictable.

Exactly, volatility is the factor which up-brings Bitcoin to life and once that goes away many investors will lose their faith in it. Bitcoin may get stabilized which can lower the transaction fees but it will rush again either up or down both have equal chances. Bitcoin's price is subject to many factors so we can't determine upon only one thing to stabilize it. Bitcoin's turbulence is here to stay, how long ? it is hard to suspect. Bitcoin Futures might have the possibility of calming the prize, but nothings definite in that either.

If it can help the transaction fees it would be great.
Then it can lose its attractiveness to some investors when we get a more stable price, but also attract other kinds of investors, the ones who usually buy stocks, trade on stocks, are happy with a 10% profit over a period of six months (the "reasonable" investors), I mean especially when we know banks in US will probably now offer Bitcoin to their customers, that means more "average Joe" among the holders.





Your replies are all off topic if you took the time to read the questioning of the original poster.

Bitcoin price will never stable it will always fluctuatif because trader will always trade it in exchange. its not so good as currency for now but it is very good for long term investment. If you barve enough to hold it longer you will get big profit from bitcoin.

Obviously no doubt HIGHER !!!!

Well you know when bitcoins futures will be launched I do think that they won't let it stabilize at 20k$ well simply because they are in here to earn profit so the higher it gets the more beneficial it will be for them also its CME not some other company they think about their profit first then for someone else ..also I do have a doubt if the authorities will let that happen, the decentralization of the bitcoins could prove detremintal for it.. but yes if it becomes stable it would be wonderful! We can stop worrying about the downs and hold onto our bitcoins for a longer period of time, right now the senario is really superb the growth that bitcoins are accomplishing is really commendable lets hope that it keeps on increasing.

yes, I agree with you, we do not know about bitcoin fluctuations, so I say that bitcoin always gives surprise to every lover.

I think that if Bitcoin is too stable and there is no fluctuation, no one will invest in it. Because it is unstable, people can make a profit from the differences. Otherwise, I think Bitcoin will soon reach 20k and may increase further but not this year. Probably next year will be a development year of Bitcoin as the platform gets more stable and more and more people know it, it will really grow.

I think sometimes bitcoin is always stable, but more often fluctuations and unstable, as happened a few months ago, that bitcoin stabilized long enough in the figure of $ 10000.

I think there will still be investors even if the price of bitcoin become stable. It can be traded with different alt-coins, and you can still make a lot of profit from that. Even if you cannot make money directly from bitcoin because it does not surge anymore, you can still make a lot of money from pairs like eth/btc, ltc/btc or xem/btc.

And maybe more businesses will trust bitcoin and accept it is as a major mode of payment.

I agree with you, that bitcoin aka keeps fluctuating, maybe it will only be stable for a few days, and then it will fluctuate.
I see that today spreading bitcoin is on the rise, and I predict bitcoin in the next year will make great progress.

I think bitcoin will probably surpass $ 20,000 and reach $ 25,000 by the end of 2017. Bitcoin is listed on the US stock market, which has attracted investors and the public. This leads to a high volume of investment in bitcoin.

Not sure if I see Bitcoin trying to become stable at $20,000. I think $20,000 will just be a stepping stone on the path to $25,000 then $30,000

I am completely dumbfounded, why are you claiming that futures are putting a ceiling on bitcoin price growth? Why at 20k?

And why do you seem to suggest you can buy a beer for bitcoin? It is clearly not the case, as I am currently having a nice and large fee transaction that was there in the unconfirmed queue for more than 24 hours and normally the same fee tx gets confirmed within the very next block.  And in my opinion this is the very reason that the price may go deep down: when people realize that in reality they cannot do much with their bitcoin.

Bitcoin is a sea of raging. Nobody knows where there will be a tyrant harbor on $20000 or $30000.
We will see and future will show  ::) ::) ::)

I think the bitcoin will never stabilize, because the trade keeps going and the transaction also goes on. and it makes the bitcoin will fluctuate.

The price of bitcoin has pushed back above $17,000, hitting a new all-time high, so i think $20,000 will just be a stepping stone on the path to $30,000 then $50,000 in the following days.

I do not think so, it is too much for bitcoin in next days but i do believe, that its price can grow to 25K max until Christmass.

2018...who knows but it will be the year of cryptos, 100K maybe?

All investments want profitability, bitcoin will continue to rise, there is too much money to drop it.

Hitting to $20,000 is not possible to stabilize, because way back last two months,  we didnt expect the price hike of bitcoin from $3k upto $18k now. And more speculation that this bitcoin will cross $20,000 and more by 2018 and thats a good news for all bitcoin investors and hodlers.

Even if Bitcoin is going to stabilize in the future we are too far from that point right now. A daily 5% drop or rise will be always an option in the nearest years to come. For some people, like traders, it's a good thing and for others, sellers of goods who accept BTC, for example, it's not so good. Looking back at the Bitcoin's history we can remember that there were predictions about stabilizing at $50, at $200, at $1,200 and so on. I think $20k is just another number in this line.

I think your analysis is very right, I think in the future, bitcoin will dominate the money market. Always believe that bitcoin will replace the current currency, keep bitcoin we will become billionaire.

I had almost the same thought like you, OP, when I was observing the evolution of the futures prices.

There are some indications that a stabilizing effect of the futures could be true:

1) The prices of the futures for January, February and March are almost at the same level.
2) I mean to have observed that future prices and real Bitcoin prices already have effect on each other.  The future price. as it keeps constantly above the Bitcoin price, puts a ceiling (it doesn't go above the future price), but also a floor to the BTC price (it never seems to fall more than ~$1500 below it.). When the future drops a bit, the BTC price follows, but never reaching the floor.
3) BTC volatility has drastically reduced when compared to the days before the future trading started.

However, we are in a very early stage of futures trading. That could be a temporary effect, and maybe a crash or hype occurs again.

I would be very happy with stable prices, as I'm not primarily a hodler but an user. But yes, I think it's correct to worry about the investors that get in to get rich quick and could get out when they don't get the return they expected (or if they panic).

In my opinion, Bitcoin will sucessfully stabilize its price if the scalability problem is solved and it can be used again as a currency - "currency use" gives it a connection to real values and assets. The current Lightning network advances will possibly enabling Bitcoin's use as a currency in the medium term again.

However, for me, LN and on-chain scaling are not enough to enable Bitcoin to be a truly global solution. A "sharding" solution like pegged sidechains, child-chains or extension blocks would be the piece of the puzzle that is still missing.

Beautiful value indeed. ;D $1000000 is a very beautiful value, at least for me. It is not even possible that we end up seeing stability at $20000 with the way bitcoin is flying. I call it bull fly nowadays and not just bull run as it is picking up the pace without waiting for anyone and you can join the train if you like. Nevertheless, the bad thing is that most people really do not tend to understand why they are investing except for the fact that they know they will be making money. The usage of bitcoin itself is the true value and I really hope the higher percentage of people who do not know that yet, get to know.

I think that the OP has raised a valid point. However, it cut both ways. If investors see that bitcoin price is somewhat leveling, there are chances that they are going and shy away from the ecosystem. On the other hand, a new set of investors will come in because that's what they are looking for, bitcoin price somewhat stabilizing and volatility reduced.

But its hard to tell at this point. There's another bitcoin future contracts looming on the 18, we need to see how this CME offering could impact the current prices in a positive way.

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You really don't get it. Like 3 weeks ago, financial institutions offering bitcoin future contracts is all rumors. That's why the price keeps getting pushed on anticipation of the said offering. And now that CME offering started, we see just a few minor price swings and the price is slowly stabilizing.


But as far as scalability is concern, LN should be good short term. What we need is a long term solution. For me LN it just like patch a band aid of sort. We need solution if we want bitcoin to be a true "P2P" as envisioned by Satoshi.

$20,000 is a good price and I think it will be perfect if it stabilize in this price.
Do not bother about worring if a lot of people will not buy when the price is stable because ;back then when the price was stable, a lot of people still buys.
You will even be surprised to see that the amount of people that will buy when it is firm will be greater than the number of people that are purchasing now. Most people are not buying bitcoin now because they are patiently waiting for the price to stabilize.
This cryptocurrency is an asset and should be treated as such.

Thanks for Pizza and Beers but when non-investors will see us enjoying bitcoin delights, won't they be wishing to join us in treat!
Therefore, I don't think after listing on futures and along with series of worthy forks (like Super Bitcoin, etc), bitcoin is going to have any stability. Its demand will rise like before and prices continue to rise which can easily cross $50K during next year.

I think Bitcoin price will be $20.000 end of 2017.

In near future we will see bitcoin price of 20k $, that is inevitable or at least that is what i think. Because every day number of bitcoin supporters and investors is rising. But I think that it is not possible for price to be limited on 20000$. One of main reasons for that, is that bitcoin price will always rise because of bitcoins limited number and difficulty of mining. The moment when we could expect steady price, is when people start using bitcoin as currency and not as investment.

Possible if the price gets $18,500 before Christmas day we will see a bull that will lead bitcoin to $20,000. But for now, I'm going to take chance of the other pump that's happening in the altcoin market. While my bitcoin seats on my cold storage, taking profits with ETH and LTC is good for today while waiting for bitcoin to pump. Whomever that has these 3 coins, you'll the man and a winner.

Stabilizing of bitcoin at certain level doesn't seems possible right now because investors don't want their market to shut too soon. I know there would come certain hurdles and restraints in the way and it will may limit the growth, but even if it will become true then $20K is too low for stabilizing because still the growth is rapid and it can reach $20K within few days. So let suppose the stabilizing price more than $50-60K, yes this could be acceptable.

$20,000 is not far at all. We are almost at its footsteps. The price has gone close to $18000 and is now trading between the $17k-$18k range. The CME futures are yet to start trading. I think the demand there will be higher. We could cross $20k in no time once that happens.

If Bitcoin is a new asset class (strictly speaking, it is crypto as a whole, but btc is about 60% currently), then it stands a reason that it should at least approach the smallest asset class value.

Apart from crypto, the smallest asset class is precious metals with about 8 tril value.
0.6X8=4.8 tril.

4.8 tril for 16.7mil btc= $287 thou/btc price target.
Of course, as bitcoin numbers increase, the price number projection would drop (to, maybe, $250 thou).
Timeline: unknown, could take 3-5-10 years, but unlikely longer than this.

Same opinion here. I will not be surprised if we hit $20k even before 1st of January. If it will happen, after New Year Bitcoin will just walk over $20k just like it happen with $10k.. Next "bus stop" somewhere around $25k.

i also see that bitcoins value is now stabilizing at $17k level. i believe that correction is now happened on this level because bitcoin has seems stable in past 2 to 3 days at this point but i have a good feeling that bitcoin will still surge upwards because were now getting close to the upcoming bitcoin forks this december. this can again result for bitcoin to reach his new all time high which is expected to be $20k just before the year ends.

Why do you think that bitcoin price will stabilize? Do you think that Bitcoin Futures has the power to keep the price and influence price of BTC worldwide?
What about a situation where we will have next halving and creation of bitcoin will be lowered - and at the same time demand for BTC might be the same or even higher?
It is always hard to speculate about future when there all you can do is extrapolate - but I don't think that bitcoin price can be so easily controlled, there are too many factors here to consider.

Yeah I agree on this matter mate, the $20k might be achieve so well in a few span of days and that would probably be meet next year. If we will expect more than that I guess bubble specualations will come out again, creating either positive or negative ideas. Panic always happens and we could not prevent that, but all we need to do is always control our emotions.

I do not see a strong reason to think that $20,000 will be a psychological level especially relevant to stop the exponential growth that the bitcoin price has experienced during the last months. In fact it seems to me more likely that the constant volatility that has been observed will remain during 2018 due to the arrival of new capitals, so the price of $20,000 will be easily surpassed in the same way that $10,000 did not mean anything relevant to investors.

I hope bitcoin fork will benefit the growth of bitcoin  as there are mixed reviews about the  outcome of bitcoin fork but I believe this will.be fruitful and when we talk about stability we are yet to attain stability but if we dig deeper and do a floor test we have rather achieved new levels like the lowest point or lower limit  and whoever there is a value pumps then a new lower limit is set as the price don't drop beyond that limit.

I agree with your calculations. I think that in the future many people will invest in crypto rather than in precious metals and even those who already invested in precious metals will partially move their assets to crypto.

As I said earlier we can expect price much higher than $250k if Bitcoin replaces all money in the world, but your picture is more realistic and that's why I like it even more than that of mine.

Stabilization means put bitcoin under control which will be so hard.

Demand and Supply control price and Demand unstable these days =  unstable price.

after CBOE may be given some Stabilization.

personally, hope to stable at any range

Nope stabilization will not happen these years i believe,
you should understand right what is the reason behind the pump that we're seeing this lately and for the past few years ?
it's all about the demand itself,
we're aware Bitcoin only has around 21 Millions in total circulation while people in this world more than 10x times from bitcoin total supply.
stabilization will work as long as there're no more demand or the demand itself do not increase or remain the same.
but it's very impossible because if Bitcoin get recognized by many people,
slowly the demand itself will keep increasing until we're reaching the peak.
no matter what is it,CBOE or whatever.
it will not change the fact that Bitcoin will never can stabilize at this moment.

Well if Bitcoin went only sideways for all of 2018 (probably impossible), it still would have made it's performance for all of 2017 worth it.

Are you sure about that !? I don't even think using the word ' Stable' with Bitcoin is appropriate . Both words are completely opposite and I don't think that Bitcoin can stay with an amount for more than 1 day. Even 1 day is very long.

Once Bitcoin crosses 20k I am damn sure that the prices will fall down. Many people will start withdrawing their btc and hence it will lead to drop in prices.

I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.
About 20k...not that sure at this moment...

Maybe it is going to stabilize at $20,000 because i myself didn't expect that bitcoin will reach over $15,000 this year but now that it happened maybe it is really going to stabilize at $20,000 and going to increase more.

I think it will that price soon.

Yes, that's true. None have expected such a growth. All took place in a short term period and made the people into panic. Later the same termed to be the real growth, at present the varying price quite often gains stability to move further reaching high. In this regard, the next stabilization might be after $20k.

Falling back to levels below $10,000 isn't very likely, but it's something we can't just so easily discard. If we look at similar predictions that the market would never fall below a certain level again, where each time it went below these levels, it proves that no price level is safe in times of total panic. On top of that, in this market sell-offs get greatly exaggerated, so with that in mind, I won't rule out another visit below the $10,000 level. But even if we do fall slightly below the $10,000 level, it still means that we're more than 800% up this year, which is pretty insane if you think about it -- it perfectly shows how much growth we have experienced.

Yes I do not think that Bitcoin price will drop below $10,000 but if this happen weak hands will definitely sell their bitcoin thus the price will go even deeper and that could be a start of a crash. Losing around 40% to 50% of it's current value will be a disaster regardless of the gain it has this year. Well I hope this will not happen.

based on  my personal forecast i can possibly say that bitcoin wont drop anymore because as the others said we are now getting closer to the upcomming bitcoin forks and as far as i know bitcoin forks can always lead to price increase because of the more demand that bitcoin will get because more and more people will buy bitcoin every single day to prepare on these hardforks. though i can also say that bitcoin is not yet stabilizing because it is still a volatile coin and price are moving every minute and every second of the day.

There is a lot of hype at the moment and since beginning of December it seems everyone want to buy a bit coin which push the price sky high. Not just that it's also good for other crypto currencies prices which has rocketed due to this demand.

I think almost until there is another distraction in the market the prices will go up. Only crystal ball can predict when it will settle and at  20K or 25K or 50K.

If no one invests in it, at least those who understands the true value will end up finding a useful ground for it than just an investment. Bitcoin was meant to do certain things, but I feel people are beginning to get too greedy and not even considering what bitcoin can do but what they can get back in the long run, and sometimes, I really do not always know if I should be worried or not.

Bitcoin cannot stabilize at $20000 and we all know that, with the way things are going.

Could it happen? Absolutely it could. Though i think things will actually turn out a lot more dramatic than bitcoin rising to $20k and stabilising there. It's more likely that a huge bitcoin bubble builds up and then a huge crash brings it down again, stabilizing at around September-November price levels.

It's always rare in a bubble scenario for something to just break barriers and then stay there. People are going to be tempted to buy at first because of FOMO and later on dump because of the fear of losing money - again.

I mean stabilising prices are obviously ideal but i don't think it's likely.

Yeah, listing in futures may drive us upward in the long run and back or just drive us backwards a bit now and then upwards in the long run. One of this is definitely bound to happen anyway. Demand is something that is expected to rise and we should expect that to really cause some upsurge in value but how long this present rally is going to last is not known yet.

Stability will be a whole lot to ask for right now with the introduction of the wall street guys in the market. We may shoot past $20,000 even in upcoming weeks, but nothing is guaranteed. These guys are the manipulators of the highest order and they will try all their best to shake off weak hands and buy back from them until they have a solid position in the market.

I don’t think that at 20k bitcoin will stabilize because demand varies with respect to time and there is more coming in future so no chance of stability at this moment because everyone is struggling that somehow he can get into the bitcoin and sooner or later wishes of every investor will be completed by bitcoin so don’t think about its stability with this stableness it will be like cash and gold and people will get bored,

To manipulate Bitcoin price these days you have to risk around a billion USD. It's a tough call even for the manipulators of the highest order, but it's not impossible. So when they do that, don't be the "weak hands", guys. Hold strong because most likely the price will go up pretty soon, when the manipulators will start to buy.

I wouldn't say that bitcoin must stabilize at $20k . There is still a lot of potential growth for bitcoin .
But this might be the time bitcoin must stabilize for sometime at $20k . With the increase and high volatility people are loosing the trust and fearing a potential bubble . That is why if it grows slowly from now that would be best approach for bitcoin . The market cap has become so conjusted that due to lightining speed of bitcoin the number transaction delays are at its peak . So this might  be a time to take it easy for some time.             

$20K is achievable for sure, but to stabilize at this rate maybe takes few weeks or even months due to price volatility and market activity across the global exchange influenced by regulations and development.
How about bitcoin futures affect bitcoin price? It just has a small effect on bitcoin as the contract just using dollars and there is no any bitcoin involved unless contract holders decide to manipulate the market in some ways such as invest Millions of dollars in bitcoin and then dump it after bitcoin reach a higher price.

Bitcoin is going to break  $20,000 and heading toward  $25,000 after 17 of November 2017 and we expect the bitcoin futures to impact Bitcoin price seriously. I have been following Bitcoin price since last year and stability of pricing is far from achieving. This bullish momentum is going to continue until Bitcoin get to the level when governments is going to have interest in it and maybe start to influenced the price.

I really hope in the long run, people get to understand the essence of what bitcoin really is useful for and not just as an asset. It could stabilize and it could not, but if we see how people tend to perceive it and then we do not end up seeing the rocket demand for it as a result of it being an asset, and FOMOs trying to rush in, then we may attain some stability. With the look of things though, I do not see how that is possible at $20,000.

Absolutely impossible. The fact is that no one knows the peak of bitcoin, but can we really say if it has a peak or not? So far so good, investors and the wall street guys have really shown some pretty huge influence on the market, and that definitely calls for the value increasing further and your last statement really says it all, but even when that time comes, demand will increase the more.

I am very optimistic it may be more than that, otherwise we should expect some bear thugs kicking in. This is a period we have all been waiting for, and now that we are in with the futures, even though theirs is a totally different market, but it would still have some major impact in the crypto world in the long run. I am sure things would change a lot but we just cannot do much than to keep watching.

Possibly reaching certain price, the correction takes place. In a similar manner reaching $20000 too can expect a price correction that might make the price fall in value and starts to grow further taking the price grow above $20000 again. Stabilizing is to gain momentum for a push to reach bigger price.

Indeed you cant blame them were different. Every people is different so as the attitudes. Those who your describing is the multi-millionaire that dosnt  really mind waiting. But those who doesnt really care about the proper handling of bitcoin and the patience included.These holding with long time waiting or a long term might have disadvantages on bitcoin but not too much than trading or altcoin trading although it has good profits but only quicker than usual.

Yeah, No one can really tell. We can only assume and imagine what we feel could happen, but that does not mean what would end up happening will still not happening. Right now, it is a long clip and only those who are patient enough may end up seeing the end of the clip but stability at $20,000, I won't see that coming at all as it does not sound possible.

Once the next bull run starts, I am sure we may actually go past that $20k and even test $25k. Stability is not even something we should be expecting now. Bitcoin is about to get known the more and then we will end up seeing even more people who have been skeptical to invest trying to rush in to be a part of what they consider as an asset without even bothering to know the true value of it.

Haha, two weeks ago I hoped that bitcoin would stabilize at around $10.000. I had to get an annual bonus at work and planned to invest it in bitcoin. But the last few days have changed my plans  ;D

I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.

Maybe there will be a drops down of the price a correction possibly may take place but not that long. We dont know yet the market if this will be stabilizing at $20k. We should be ready of the up and down because market is volatile.

Really unpredictable these days, last end of year we reached an all time high with a pullback afterwards, maybe we can do it over again this year ;D

There is no pull back for now and further bitcoin is not showing so much signs that it will be stabilized at $20k. It is the same way of speculating like we did when Bitcoin’s value crossed $8k and everyone thought that now it may remain stable, but results are in front of you. Bitcoin is highly unpredictable, there are chances that bitcoin may become subject to correction at $25k or even $30k, anything is expected in this game but speculating at $20k likely to have less possibility as bitcoin is going to rise more before coming to rest for now.

why price stable at 20k$? why price moving fast after braking 10k$?

it is impossible to stable after breaking 10,000$ now any 1$ will effect in price like put 1000 KG on a boat

Changed in the way that you aren't investing anymore? Or else explain. This Sunday (or Monday, depending on where you live) we'll be having CME future markets go live, which is a much larger operation than CBOE. It might turn out to result in a few active upcoming days as people are eagerly looking forward to what they have to bring to the table. If the market shoots up, you will regret not having bought at current levels, even while that wasn't your initial plan. If the price happens to go down a bit, you'll get to buy more Bitcoins for you fiat bonus. Initially it looked like the market was consolidating, but we'll see how much of this consolidation is left once CME enters the game. I already look forward to how many times they will be halting the future markets due to the volatility. :D

Hey, a bullish argument I never saw here in my Legendary lifetime  :D 8). Congratulations! It's not totally bad, I think.

However, I think the influence on Christmas/New Year itself will be limited - there are too many holidays where no fiat can be sent to (conventional) exchanges, and many people travel for vacations, in both hemispheres. So both effects would neutralizing themselves.

However, I don't discard a small effect - especially after the holiday time, because people can obviously read about Bitcoin on the beach or after skiing. It would be, however, not enough to move the price away from the $20K corridor.

There is no special holiday of Bitcoin, the fluctuation and prices are driven by the users who buy and sell and no one could ever make a special season for Bitcoin. The same applies too in gold and any other jewelries that are being sold but i guess an auction could make a change about it. As for now people are very busy for their christmas events wherever they are.

Sometimes, I thought the people around me are really funny! They did not trust Bitcoin when me tell it and tried to explain they know the opportunity to become the rich through investing in Bitcoin. After all, when the price of Bitcoin reached $10,000 they find me and want to learn the knowledge make money from Bitcoin because they think me was the rich from Bitcoin :D.

It says stabilizing at $20,000 so it means that it's starting to get ready to land on that price.

This is the unstoppable question of many even outside the forum and the answer is because of it's high demand, no other reason behind that.


It may look impossible but it's going to happen and you'll see it after few weeks or on the first quarter of 2018.

Yes in the holidays it is true that the price of it may increase much higher because in that many people will get their salary in advance and they will not sell their bitcoin for their needs and they will have a good time at home to search for further investments so on internet they will find bitcoin blooming and they will definitely invest in bitcoin and these are the factors to increase the price of bitcoin much faster.

I don't know if I fully get what you mean, but holidays are definitively relevant if you want to get into Bitcoin, because banks won't transfer your funds (in most countries) and many exchanges wouldn't credit fiat balances.

This year, December 24 and 31 (not holidays, but also not full working days in many countries) however take place on Sundays, so the effect will be less strong than at other years where all holidays are during the week.

That's interesting and two weeks later we'll see whether it's true or not, but I think you have a point. Indeed many Bitcoin holders sell some of their coins not because they think Bitcoin will fall in the future, but because they need fiat money at the moment. When those people have enough money they don't sell BTC and since the demand is rising so is the price.

I know that $20k looks like a reasonable figure to stabilize at, but so have been other figures, $50, $200, $2k etc. Bitcoin is unpredictable except that we can say the highest limit of its price which is $4,000,000 with today's purchasing capacity of USD. Bitcoin will reach it in case it replaces all the money in the world.

Looking at the absurd increases and mega volatility in the last days .... how can you call this stabilization !??!  ::)

If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.

Your comment is contradiction, if bitcoin price became fixed on 20.000$ and after that all companies and organization start to accept it price will go up again cause of rising demand, that is economy law.  I doubt that bitcoin will have stable and fixed price, fixed not a chance, but stability with little fluctuations is possible. Little in a way that price can't go up or down in thousands of dollars, movement can be 10$ up or down and that would be only stability that bitcoin can get.

The stability you talk about is more than enough. Currencies of countries fluctuate in value and there is a floating rate between currencies. People don't mind some small fluctuations. It is this rapid intraday volatility that people cannot stomach.

Bitcoin price started dropping in the late hours. it is currently stabilized between $18-19k.