Why price of Bitcoin too stable?

[QuestionAuthority]

Why does everyone think Bitcoin is going to go over $10,000 a unit when gold, platinum, silver, palladium and rhodium haven't done that just from worldwide investor pushing. A hell of a lot more people trade in precious metals than Bitcoin so I really can't see it happening.

When forex trading currency pairs you are incredibly happy when you can make 2-3% a quarter but everyone expects a 2000% profit for Bitcoin in a year or two? That's just looney.

Be happy it's somewhat stable. You could easily wake up and wonder what happened to all your money in the middle of the night.

[MingLee]

I am really interested why the price of Bitcoin is too stable now, probably no investors to buy Bitcoins?
Or peoples don't trust Bitcoin now?
Probably just a small stable period?

It's slowing down because there aren't any investors that are more confident/negatively looking at the value of Bitcoin right now. Most likely a majority of investors still trust Bitcoin, and we are just seeing a period of minimal volatility like we do see every other few months.

[Nahl]

i don't know the exact reason why bitcoin price so stable now but usually bitcoin will dropped or rise up with pretty fast if there is an big issue such as last time bitcoin dropped after bitfinex incident and now it was back to stable but for me the current situations is more better stable than dropped

[Kprawn]

We will even see a drop in the price as more and more drug dealers and users currently using Bitcoin, start moving over to Monero. Roger Ver and

his followers are currently hyping up Monero as the currency of choice for people who wants more anonymity. Once the shit hits the fan, and some of

these Darkweb sites are closed, people would run back to Bitcoin. 

[Shiroslullaby]

Does anyone accept Monero? 
I've heard it mentioned, but I've looked at some of the Darknet sites and it looked like everyone was only accepting Bitcoin. 
(I haven't looked in a while though.) 

[7788bitcoin]

We will even see a drop in the price as more and more drug dealers and users currently using Bitcoin, start moving over to Monero. Roger Ver and

his followers are currently hyping up Monero as the currency of choice for people who wants more anonymity. Once the shit hits the fan, and some of

these Darkweb sites are closed, people would run back to Bitcoin. 

It all depends on whether the bitcoin network is capable of accommodating the number of transactions that the waves after waves of people start using it. We need to push forward plans scale up- or else other altcoins will soon take over bitcoin.

[Viyamore]

We will even see a drop in the price as more and more drug dealers and users currently using Bitcoin, start moving over to Monero. Roger Ver and

his followers are currently hyping up Monero as the currency of choice for people who wants more anonymity. Once the shit hits the fan, and some of

these Darkweb sites are closed, people would run back to Bitcoin. 

Nah ,i see why it is the reason i conclude that these monero will circulate on that darkweb market and moatly of the big percent of bitcoin users are onto darkweb market which buying or trading and now they choose monero.for its ,private ,sucure and untraceable features.

[Snorek]

Why does everyone think Bitcoin is going to go over $10,000 a unit when gold, platinum, silver, palladium and rhodium haven't done that just from worldwide investor pushing. A hell of a lot more people trade in precious metals than Bitcoin so I really can't see it happening.

When forex trading currency pairs you are incredibly happy when you can make 2-3% a quarter but everyone expects a 2000% profit for Bitcoin in a year or two? That's just looney.

Be happy it's somewhat stable. You could easily wake up and wonder what happened to all your money in the middle of the night.

Bitcoin want from basically a $1 to over a $1000 in 4 years since its creation. Any known by me precious metal has not achieved that before.
So it is not that loony for people to expect something similar again. And in addition bitcoin is something new, you can't exactly compare it 1:1 to trading commodities like gold IMO.

[wuvdoll]

Stability is all what we want at the moment as too many fluctuations can make the investors lose their money rather than earn profit. The price is stuck at $570-$572 now which is still better and this is because the stability between
the supply and demand and currently, there is nothing that could make the price increase as halving is over long back. There are investors but not more than the sellers.

[dezoel]

Stability is all what we want at the moment as too many fluctuations can make the investors lose their money rather than earn profit. The price is stuck at $570-$572 now which is still better and this is because the stability between
the supply and demand and currently, there is nothing that could make the price increase as halving is over long back. There are investors but not more than the sellers.

That can be one reason and the other reason can be that people are more diverting their investments towards altcoin and that is the reason price of bitcoin is not moving up.

[Sergiorr101]

it is going to be changed soon, in my opinion the price will be growing pretty soon

[calkob]

I think that the external factors are still not there, fiat currencies are holding up well despite the obvious fixing.  bitcoin will come in to its own when the truth about fiat currencies is mad real.

[Senor.Bla]

I think that the external factors are still not there, fiat currencies are holding up well despite the obvious fixing.  bitcoin will come in to its own when the truth about fiat currencies is mad real.

it is going to be changed soon, in my opinion the price will be growing pretty soon

do not expect bitcoin to fly to the moon tomorrow. i sometimes get the impression that every body is waiting for bitcoin to rise or fiat to fail tomorrow. and meanwhile just holding their bitcoins. if you want to help then use your bitcoin or stop using fiat.

[Piladeer]

Does anyone accept Monero? 
I've heard it mentioned, but I've looked at some of the Darknet sites and it looked like everyone was only accepting Bitcoin. 
(I haven't looked in a while though.) 

I don't think anyone will accept monero because of it's past.
I started to invest into it about the same time that I heard about some other alternative coins and it just died compared to the other ones that I had.
Don't hold on to them if you have any because I just go rid of my wallet and just forgot about the coins that were in it so they were worthless to me anyways.

[Foref1982]

It's not 'too' stable because stability is an advantage for us It's temporarily stable because people who own BTCs trust it enough not to sell their BTCs and people who hadn't trusted BTC before haven't been convinced about BTC's future. But stability in the long term should increase the trust in Bitcoin.

[Hirose UK]

I remember relatively recently the price hodling steady around $220 for what seemed a very long period. Then it hung around $320 for a while before making the last run up to $700.

so probably after this long time stable price, there will be a high increasing on price?

I think that's why people keep their bitcoins, not buy neither sell them. probably they're already know about this. and voila, we can see the price is stable. it's boring.

[LTU_btc]

I think stable bitcoin price is good thing. Many bitcoin users afraid to wake up and see, that coin lost, for exemple half value. And it stops new people to use bitcoin. Offcourse, stable bitcoin price is bad for people who want for fast profit. But stable price is good for long term bitcoin holders. Bitcoin price now not at the top and it have potential to rise slowly and it's only question of time, when it will happen.

[Doamader]

Doing nothing is what Bitcoin does much of the time. Its second favourite thing to do is fall. Rising comes a distant third.

No one's interested in buying. No one's particularly interested in selling. The traders have probably gone to altcoins on Poloniex where there's some real action. They're the ones who drive the price.

And it's easy to forget how many traders might have been burnt by Bitfinex. That was the number one USD exchange. Some might have buggered off completely. Similarly who's to  know how many enthusiasts were lost with the death of Gox? I'm sure it was a large percentage.

Even looking bitcoin is frozen, there is a volume daily near 400k dollars, soo even with the price not changing a lot the coins keep being traded. I do believe bitcoin community is now waiting some news, about the core as well we keep handling the issue with bitcoin stoled, soo why to make price bigger and those hacker dump those coins.

[gentlemand]

Why does everyone think Bitcoin is going to go over $10,000 a unit when gold, platinum, silver, palladium and rhodium haven't done that just from worldwide investor pushing. A hell of a lot more people trade in precious metals than Bitcoin so I really can't see it happening.

Dude, seriously?

There will only ever be a tad under 21 million bitcoins. There are currently just under 6 BILLION ounces of gold and that will keep on rising.

Can you see where I'm going with this?

[shugareward]

it is that stable because people are not buying a lot of it unfortunately i hope it will change soon though