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.

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?

How many infinite divisions of Bitcoin are there again (0.0000000001)? Bitcoin rose quickly in price from being an unknown, to being the barter method of choice of drug dealers, to being the criminal scammer golden opportunity, then rose quickly as the ultimate scammer Mark (fucked us all) Karpeles faked the price up to $1,200. Of course, $1,200 per coin is a totally unreasonable price and could only have happened with the willy bots help.

Today people want Bitcoin to play in the real world, where normal (honest) trading controls the price (not drugs, not dark web child porn, not scammers, not bots). If that's what you really want then you should be happy it's going up at the pace that it is. Looking at every other investment platform in the history of the world that's a great thing. It could just as easily go down (which they all do eventually). Why not just be happy where it is instead of bitching that it's not outperforming every other investment in the world by 2000%?

[Robertqueen2]

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

[richardsNY]

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

[danherbias07]

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

I think it is because of the way of thinking that it is "only" Bitfinex that put it down and if it will all be taken back or bought back then its price might go back to where it is before Bitfinex massacred the price.

[rio3233]

I think it's because there is nothing happened out there. So the price of bitcoin stable and have a big move. If something big happened like bitfinex hack or the halving, it will move the bitcoin's price for sure.

[madwica]

I think there is not big movement on the market value and the economy where the bitcoin is coming is not yet rising that is why bitcoin value was stable in the past weeks and i am wishing that the price of bitcoin will do not goes down instead it would rising a little in this month.

[Zadicar]

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

You have  a point pal but  you are included to those who expected that price of bitcoin  would rise  in the future, we really dont know when it would happen  since we are  just  holders and investors  on bitcoin ecosystem but  those  people or company who would  adopt bitcoin and purchase  huge volumes would definitely move the price  of bitcoin.

[MaritiJames3]

I am also not sure on why the price is stable because I taught that the price was going to be a little higher at this point but I was wrong.
Hopefully that the price is still going to move up this year.

[calkob]

It actually a good thing now that bitcoin is stable, if it wasnt people wouild be asking "why is bitcoin so unstable" 

[greBit]

I am also not sure on why the price is stable because I taught that the price was going to be a little higher at this point but I was wrong.
Hopefully that the price is still going to move up this year.

I think people are not buying at a moment and may be they are more attracted towards altcoins, but its good to see that price crossed $600 level and hoping to see much higher price in coming months.

[PsursV]

I think what happened to Bitfinex recently affects Bitcoin price , although there was similar events before that , and Bitcoin price managed to increase after them , however , there are expectations say that Bitcoin price will start to increase at the first of 2017 .

I hear so many people saying the exact same thing. "It is expected that the price will go up by that and that time" Expected by whom? I am quite active and I am not seeing any people beside the usual dreamer noobs "expecting" the price to go up next year. It's based on nothing.

I think it is because of the way of thinking that it is "only" Bitfinex that put it down and if it will all be taken back or bought back then its price might go back to where it is before Bitfinex massacred the price.

i think the uncertainty is over now and now the people are gaining their confident again, and that is the reason that bitcoin is trading above 600$ once again. hope that the price increasing trend will continue for next few months, and the price of bitcoin is going to touch 1200USD level in the end of 2016.

[coinoclock]

ok, here is the thing:
people holding some bitcoin would like to make some money and see the price go up. so they think of the potential of bitcoin and think bitcoin should be at $1000.
at he same time they are not willing to pay $1000 for a bitcoin. and because nobody is, the price is still well under $1000.

[BillyBobZorton]

If you look back to January 2015, you'll see we have been going up since then. We bottomed at 150 and we are at 600, so its going up, slowly so it feels like stability.

[Mastsetad]

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?

Its probably because all the people having bitcoins are not selling them and waiting for it to grow higher, and all the investors wishing to buy big amounts are waiting for it to drop lower, so if there will be no selling or less selling and there will also be less investing then it would surely be stable.

[equator]

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?

Its probably because all the people having bitcoins are not selling them and waiting for it to grow higher, and all the investors wishing to buy big amounts are waiting for it to drop lower, so if there will be no selling or less selling and there will also be less investing then it would surely be stable.

Ya it is true that most of them are waiting for the higher price to come so that they can sell, and big players are waiting for lower price to buy, so now the price is stable but last 1 week the price is moved and today it went last seen price is $625. so i think now some momentum is increasing.

[Hazir]

You call it stable price? I think this period might be over now. Three days ago price of BTC was sitting on ~$570 and now we have $607
Almost 40 dollars price uptrend. And it might be more - or as some predict - RSI is too high and market will crumble.

[SvenBomvolen]

   Stability is not when price is around 550 $ for weeks. And its not even around that, it was lower, then higher, take a look at daily highest and lowest, did you?
   Stability is when price is oscillating with + or -  1 dollar maximum. And not for one or two weeks, its when its like that for months.
   For me price f bitcoin is far from stable. This kind of fluctuations and now back on 600 and plus is not stable.

[puremage111]

Trading volume, curiousity

[ImHash]

It's a good thing for bitcoin to be stable but I think price should rise even more and the reason it refuses to do so imao is because of Satoshi's coins and if people know what is going to happen to them in short time then we could possibly see a rise.

[crossabdd]

bitcoin prices fluctuate, so it must be a saturation point and bitcoin prices will stabilize within a period not specified. after there was news bitcoin prices usually increase.