Why is bitcoin so stable now?

[g-unit]

Is it because all of the weak hands have finally been shaken out and people are just waiting to see what happens now? What are your opinions?

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[Amph]

simple, everyone think (finally) that their precious bitcoin are worth more, so this is the right price of bitcoin now, to answer that thread that asked for it not long time ago

the few dump i believe are from miners and some casual dumpers and nothing else, whales are out of the game for now

[Tzupy]

Bulls negotiating their surrender, this takes some time.

[Asrael999]

Because the volatility in Chinese Stock Markets is greater than that in Bitcoin and the Chinese Money is chasing fairies in equity land at the moment.

[Asrael999]

wow thanks for those charts - they've never been posted in this forum before.

[AtheistAKASaneBrain]

Big hands are getting in, and big hands want a big piece of the pie. How to solve this without generating a ridiculous rally too soon? Keep the price low for a long time, make weak hands shake, and keep storing cheap BTC. We'll have at least 1+ year of a low price while whales stuck up on 21th century gold.

[spazzdla]

Big hands are getting in, and big hands want a big piece of the pie. How to solve this without generating a ridiculous rally too soon? Keep the price low for a long time, make weak hands shake, and keep storing cheap BTC. We'll have at least 1+ year of a low price while whales stuck up on 21th century gold.

^^^^^^


At one point this exact discussion went on about gold.. 

[g-unit]

Big hands are getting in, and big hands want a big piece of the pie. How to solve this without generating a ridiculous rally too soon? Keep the price low for a long time, make weak hands shake, and keep storing cheap BTC. We'll have at least 1+ year of a low price while whales stuck up on 21th century gold.

I like it...been buying cheap coins regularly for sometime now. It would be awesome to be able to continue to do so for another year  .

[kwukduck]

simple, everyone think (finally) that their precious bitcoin are worth more, so this is the right price of bitcoin now, to answer that thread that asked for it not long time ago

the few dump i believe are from miners and some casual dumpers and nothing else, whales are out of the game for now

Right... everyone sees the life being sucked out of bitcoin by superior alternatives, the real value of bitcoin is lower than it has ever been before. It's only been held up by bagholders who want to keep up a show in order to trick people to buy their bags. When a critical mass of bagholders has sold off their coins to the next fool, bitcoin will crash faster and deeper than we have ever seen before in its history.

I expected this crash already way earlier but it seems a big group has decided to coordinate this a little different and extend the period of scamming for some more profit. You can be assured bitcoins total collapse will be all over the news and many many small people with a hand in bitcoin will be hurt and lose all they have.

Get out now before you ruin your financial future!

[Natalia_AnatolioPAMM]

cause nothing extraordinary happens

[Benjig]

cause nothing extraordinary happens

Maybe not so extraordinay but indeed there are lots and lots of good news for Bitcoin and the price still the same.

Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors. But this 20x price has to be the bottom line,

We can go up soon.

[g-unit]

simple, everyone think (finally) that their precious bitcoin are worth more, so this is the right price of bitcoin now, to answer that thread that asked for it not long time ago

the few dump i believe are from miners and some casual dumpers and nothing else, whales are out of the game for now

Right... everyone sees the life being sucked out of bitcoin by superior alternatives, the real value of bitcoin is lower than it has ever been before. It's only been held up by bagholders who want to keep up a show in order to trick people to buy their bags. When a critical mass of bagholders has sold off their coins to the next fool, bitcoin will crash faster and deeper than we have ever seen before in its history.

I expected this crash already way earlier but it seems a big group has decided to coordinate this a little different and extend the period of scamming for some more profit. You can be assured bitcoins total collapse will be all over the news and many many small people with a hand in bitcoin will be hurt and lose all they have.

Get out now before you ruin your financial future!

I knew I could count on you for your usual pessimism  .

[Balls]

"Why is bitcoin falling?"
"Why is bitcoin rising?"

And now:

"Why is bitcoin stable?"

And the answer always boils down to the same: supply and demand.

[g-unit]

"Why is bitcoin falling?"
"Why is bitcoin rising?"

And now:

"Why is bitcoin stable?"

And the answer always boils down to the same: supply and demand.

No shit sherlock.

Ok, to be a smart ass, let me rephrase...why is the supply and demand so equal now?

And why are there equal sells and buys right now?

Though there is actually more buying than selling when the price is stable because of the excess 3600 coins produced per day.

[Coinshot]

Its stable now as speculators are undecided which it will move. They are expecting some trigger which will indicate which way it is going and then you will see a huge rally or crash.

[Balls]

"Why is bitcoin falling?"
"Why is bitcoin rising?"

And now:

"Why is bitcoin stable?"

And the answer always boils down to the same: supply and demand.

No shit sherlock.

Ok, to be a smart ass, let me rephrase...why is the supply and demand so equal now?

And why are there equal sells and buys right now?

Though there is actually more buying than selling when the price is stable because of the excess 3600 coins produced per day.

Because it is. Why do shops sometimes have more or less of a certain thing than the day before? Maybe they had the same. Maybe they have less. If there's ever a shortage of something then the price of it would rise. Same with bitcoin. The supply is matching the demand perfectly so the price stays the same. If more people are buying bitcoins then the price will go up. If nobody or less people are buying them they will go down. Supply and demand always. If we suddenly get a massive industry accepting bitcoins then expect them to rise drastically, but bitcoin is pretty stagnant at the moment so the value reflects this.

[randy8777]

Its stable now as speculators are undecided which it will move. They are expecting some trigger which will indicate which way it is going and then you will see a huge rally or crash.

speculators do know what to do. current price seems to perfectly reflect what bitcoin is worth at this point. why should there be action all the time. i thought people would love to see some kind of stability.

[OgNasty]

Consolidation after an 80% drop from the peak.  2016 will be a good year for Bitcoin.

[LFC_Bitcoin]

It is strange isn't it.
My memory is awful, really awful but I can't remember (without researching, digging around etc) a time when the price has been so stable for such a long time.
We've been floating between 220-260 for quite a while now.
Bitcoin is still in it's infancy, it's not like a settled currency is it so I imagine this is just coincidence, a phase if you like.
It'll go up or down pretty soon at a guess.

[Fakhoury]

It is strange isn't it.
My memory is awful, really awful but I can't remember (without researching, digging around etc) a time when the price has been so stable for such a long time.
We've been floating between 220-260 for quite a while now.
Bitcoin is still in it's infancy, it's not like a settled currency is it so I imagine this is just coincidence, a phase if you like.
It'll go up or down pretty soon at a guess.

Down ?

I doubt, I think we reached the ground if I'm not mistaken.