BTC price pretty much flat for the past few weeks. Permanent?

[crossabdd]

should the price has increased and is above $700, but the news about hackers bitfinex destroy the price. so we will be quite stable in this price recovery. difficult to predict how long this will happen. but I hope at the end of the year there was an increase in prices

[MingLee]

should the price has increased and is above $700, but the news about hackers bitfinex destroy the price. so we will be quite stable in this price recovery. difficult to predict how long this will happen. but I hope at the end of the year there was an increase in prices

The price would more than like be around $600-$650 right now if there was no bitfinex hack. I doubt it would be above $700 because we were slowly drifting downwards before that, however I doubt that there would have been such a dip in the value. We'll probably see things going up over the autumn months.

[socks435]

According to present price from few past days the price still at level 500 but there is differences price for bitcoin yesterday the price of bitcoin is low and now the price is high or sometimes the price yesterday is low than now. we dont know the price will going up and down.. because bitcoins is always running because of trading site..

[harizen]

Not much has been going on with Bitcoin's price for the past 3 weeks or so now. How stable do you think this price point is?

In my own view, as long as the price only reached it's max dipping value at below $550, it's just fine. Also slow movement means another resistance and support are building on the current level as long as no spoiled thing will happen like bad news etc. the price will remain roller coaster from $550 to close to $600.

In this kind of price behaviour, some can consider this as buying rate if they want to add some bitcoin in their investment portfolio.

[erikalui]

BTC's price can never be stable. It will either go up or down but currently, it's stable for a month like it was few months ago. The price is regulated by the people and hence it can never be permanent. Now as well, the price is fluctuating between $570-$588.

[reb0rn21]

With the Bitfinex major fuckup, its gr8 we did not see more dumping and shit post about bitcoin being doomed

I am surprised on the BTC stability, the support could only mean in a month or two we might see easy 800+$

[richardsNY]

With the Bitfinex major fuckup, its gr8 we did not see more dumping and shit post about bitcoin being doomed

I am surprised on the BTC stability, the support could only mean in a month or two we might see easy 800+$

Nothing comes easy, especially when it comes to Bitcoin. The whole point is that there is no direction in which traders are focusing on. Support is weak, sentiment is poor, waiting traders, and so on. All this doesn't help the price in any way. I am quite sure that when we'll get to see the price recover again, that we must be happy to stay above $600 again as there is no way I can see the price reach $800 this year.

[Oralmat]

what i think is that this is another calm before the storm, we will see a pump pretty soon, unless another shitty exchange is hacked lol, you should not be worried about those stagnation imho

I think it is better for bitcoins to remain stable at the current price near 600$.  This will give more trust to the investors in bitcoin and more people will be attractive towards it.
If the price remains stable and does not fall back,after sometime the price will automatically boost.

[calme]

If the price remains stable and does not fall back,after sometime the price will automatically boost.

That's actually an interesting topic. Because while stability increases investor confidence, trading sideways = down.

[Gahs]

The stability in price of bitcoin will attract more investors who will pump more money into the coin, leading to an increase in the price of bitcoin. Trading will then become viable again.

[The Sceptical Chymist]

Permanent, yeah right.  OP, how long have you been in crypto??  We were stuck at $430 for something like 7 months straight not too long ago, and then we had the run up right before the halving.

We're just stalled for a little while, and the price could go down after this, for all anyone knows.  But what's certain (in my eyes at least) is that prices are not permanent.  Bitcoin has a lot of liquidity, a lot of traders.  That pretty much ensures prices won't stay the same for long.

[calme]

Yeah, we can short BTC Core all the way into the ground once BTC Classic opens for trading  

[Schuyler]

There's no such thing as permanent with bitcoin. As we see everyday, the price still moves although not as much like the recent months. It is somehow gaining some strength again because of its slow climb towards $600 again. There maybe days that the price doesn't seem to move, but I expect to change in the next few months.

[Washika]

There's no such thing as permanent with bitcoin. As we see everyday, the price still moves although not as much like the recent months. It is somehow gaining some strength again because of its slow climb towards $600 again. There maybe days that the price doesn't seem to move, but I expect to change in the next few months.

This 100% Bitcoin is one of those things that do the unpredictable in price. One day its mooning and one day its going to the shitter. Just keep holding and do some smart trading to increase your holdings

[pooya87]

There's no such thing as permanent with bitcoin. As we see everyday, the price still moves although not as much like the recent months. It is somehow gaining some strength again because of its slow climb towards $600 again. There maybe days that the price doesn't seem to move, but I expect to change in the next few months.

This 100% Bitcoin is one of those things that do the unpredictable in price. One day its mooning and one day its going to the shitter. Just keep holding and do some smart trading to increase your holdings

so far only the drops are unpredictable but the rise is clear. for example the last big drop was not predictable and it was only caused by the bitfinex hack and the panic it caused. but in a normal situation you can see the small drops and rises and even predict the bigger rises when you see the charts.

[calme]

I was short prior to the Bitfinex hack but didn't make money to speak of, b/c the price didn't drop on Bitfinex itself. The post-bubble trend was already in place and it's just silly to put so much emphasis on the hack. In the hours leading up to the hack announcement, there was no real support until about $540, and it was questionable how long even that would hold.

[chesthing]

Bitcoin is no longer the roller coaster is once was.

What I find strange is how the entire roller coaster has transferred wholesale to alts. It's not as if Bitcoin now has global adoption and lords over everything. It has more than the alts but it's still in the same boat and effectively nowhere. In the eyes of the rest of the world it's just as penny stockish as anything else yet doesn't have the corresponding action.

What alts are you talking about? Other than monero they look pretty dead to me right now. 2014 was a great year for alts.

[Doms]

I maybe one of those who don't mind that the price has not been behaving bitcoin-like. But let's not be fooled by these "calm and boring days" because for all we know, the whales are just accumulating at these lower levels and could pump the price again past $650. But what do I know. There's so much uncertainty about the price of bitcoin and the worst I could do is predict exactly how it is going to perform in the coming months.

[Wind_FURY]

Not much has been going on with Bitcoin's price for the past 3 weeks or so now. How stable do you think this price point is?

Bitcoin is not really known for its stability. Sooner or later we know it will move again and hopefully it moves up. But in my opinion it needs to go down slightly in order for it to get accumulated more by strong hands before the day traders get to pump it again increasing volatility again. Many people see that a downward price direction as bad. It's not, it needs to go down so it could go up in my opinion.

[Herbert2020]

Bitcoin is no longer the roller coaster is once was.

What I find strange is how the entire roller coaster has transferred wholesale to alts. It's not as if Bitcoin now has global adoption and lords over everything. It has more than the alts but it's still in the same boat and effectively nowhere. In the eyes of the rest of the world it's just as penny stockish as anything else yet doesn't have the corresponding action.

What alts are you talking about? Other than monero they look pretty dead to me right now. 2014 was a great year for alts.

maybe you have to check out coinmarketcap sometime
every year there are at least 2 altcoins that are being pumped from zero to the moon, and this year it was the scam called ethereum which was pumped to 0.034BTC and just two days ago morero was pumped 130%

what else do you want