why is the price holding stable?

[paulie_w]

i constantly feel like there is a long-game manipulation being played. pump it up to a price, hold it there so people are psychologically accepting of btc's value at a certain price, then raise again.

[Spekulatius]

maybe. Anyway, right now buying pressure prevails but is still low. We are constantly atacking thw 12$ resistance but with feeble success.
If you want to go deeper, Id say after the past month that gained momentum from some speculative believes/announcements, there is a natural disenchantment right now, still hopes are up for some short term exitements in the pipe line, like Kim Dotcom's 2 new services (that may accept bitcoin), ogrr.com+mmoexchange.net, reward halving, ASICs (for non logical reasons), torrentleech.org, poker sites catching up with infinity poker in the making, bitinstants debit card (where is that actually?), the first public bitcoin hedge fund coming up, reddit's bitcoin tip bot recently and many more...

[Mushoz]

maybe. Anyway, right now buying pressure prevails but is still low. We are constantly atacking thw 12$ resistance but with feeble success.
If you want to go deeper, Id say after the past month that gained momentum from some speculative believes/announcements, there is a natural disenchantment right now, still hopes are up for some short term exitements in the pipe line, like Kim Dotcom's 2 new services (that may accept bitcoin), ogrr.com+mmoexchange.net, reward halving, ASICs (for non logical reasons), torrentleech.org, poker sites catching up with infinity poker in the making, bitinstants debit card (where is that actually?), the first public bitcoin hedge fund coming up, reddit's bitcoin tip bot recently and many more...

Wow, Nice list. Bitcoin is going to be interesting ^_^

[lebing]

maybe. Anyway, right now buying pressure prevails but is still low. We are constantly atacking thw 12$ resistance but with feeble success.
If you want to go deeper, Id say after the past month that gained momentum from some speculative believes/announcements, there is a natural disenchantment right now, still hopes are up for some short term exitements in the pipe line, like Kim Dotcom's 2 new services (that may accept bitcoin), ogrr.com+mmoexchange.net, reward halving, ASICs (for non logical reasons), torrentleech.org, poker sites catching up with infinity poker in the making, bitinstants debit card (where is that actually?), the first public bitcoin hedge fund coming up, reddit's bitcoin tip bot recently and many more...

Well done good sir

[Mushoz]

i constantly feel like there is a long-game manipulation being played. pump it up to a price, hold it there so people are psychologically accepting of btc's value at a certain price, then raise again.

The price holding stable just means that supply currently equals demand. I don't think it's manipulated much at the moment. Hardly any volume and no big walls.

[🏰 TradeFortress 🏰]

The price is stable because Bitcoin is not as violate. I think that's a good thing for bitcoin as people will be able to set prices more stable-y.

[zoinky]

The price is stable because Bitcoin is not as violate. I think that's a good thing for bitcoin as people will be able to set prices more stable-y.

Yeah till the halving ruins everything!

[GeoRW]

I think the bitcoin is too expensive now for many (I personally stopped buyng around 8 USD  ) and on the other hand sellers are waiting for block reward halving and accumulating their bitcoins. So there are lower volumes and therefore lower volatility.

[Cluster2k]

The price is stable as there's just not that much demand for bitcoins at the moment.  Trading activity is dominated by bots throwing bitcoins at one another and possibly extracting a small profit.  The larger swing traders aren't interested as there aren't any swings to be had.  It's a game of 'you go first' at the moment.

[notme]

Supply = Demand

[TangibleCryptography]

The price is stable as there's just not that much demand for bitcoins at the moment.  Trading activity is dominated by bots throwing bitcoins at one another and possibly extracting a small profit.  The larger swing traders aren't interested as there aren't any swings to be had.  It's a game of 'you go first' at the moment.

Oh there is demand ... just not all of it on the exchanges.

[C10H15N]

Yeah till the halving ruins everything!

On the contrary.  Some of us can't wait for this mining lunacy to evolve into respectable transaction processing.
Yes, the early pioneers deserve their reward, but their time is short.

[Cluster2k]

The price is stable as there's just not that much demand for bitcoins at the moment.  Trading activity is dominated by bots throwing bitcoins at one another and possibly extracting a small profit.  The larger swing traders aren't interested as there aren't any swings to be had.  It's a game of 'you go first' at the moment.

Oh there is demand ... just not all of it on the exchanges.

How much demand is there, and where is it?  More data is required to support your statement.