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Author Topic: The reason why it is stable  (Read 460 times)
Dodoymabs
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November 12, 2018, 12:06:48 PM
 #41

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

We can see thousands of transaction that is happening everyday and definitely a complete transaction. Mining never stops and I doubts this is the cause of the stable price. Preferably by now, you heard about this correction which I think could be one of the many reasons why it was stable for a couple of months.
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November 16, 2018, 06:18:34 AM
 #42

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.
The price range of bitcoin seems to go on stable thos 2018 but I would like to believe that before the year close probably in the mid of November the price will soon rise again. The market seems to go an a stable and safe place this year but the bull didn't hit yet. I really feel something will happen in few months from now so I keep on holding and keep on investing if I could.
Generally by the end of the year Bitcoin price rises significantly. Last year was an exception and I doubt we will see such price again but if it could rise to 10k$ then we will see positive trends next year.

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