serjent05
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Activity: 2856
Merit: 1255
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October 04, 2016, 05:49:30 PM |
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The bitcoin was simply so stable because of the fact that there was no event that pushed it up or down and no one was also buying or selling in that time.
Simply due to that it was for a certain stable back in the days.
I agree it seems this is the actual price value of bitcoin at this point and it will more likely move on whatever next event will occure. Correction price o f this phase is done in my opinion. And I hope it wont be a bad press because it will surely go down. i'd rather have no event than having one but will push bitcoin price down trend. |
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bamboylee
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October 04, 2016, 06:06:25 PM |
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Price of bitcoin isn't stable, it just look like that when you are looking from far away. From that point you can say, hey price is around 600 $ for some time, what is happening?
After halving and nice going up we saw how one more bitcoin exchange found down. We should be lucky that price didn't drop under 500 $. But even after that drop, bitcoin is going up, and I think after we settled here on 600 $, we can go more up.
price is called stable when there is little fluctuation for a considerable period of time and right now we are in such period that price is only moving around $600 with $10-$15 up and down. and if you look at the bigger picture you can also see the horizontal line too but the over all price is rising compared to each month before it. Isn't that supposed to be a good thing? I always read in this forum that if bitcoin price becomes stable, more people will consider using bitcoin. And that will drive the price higher. A steady increase is even more favorable. |
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NewInCryptoCurrency
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October 04, 2016, 07:08:17 PM |
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The bitcoin price was indeed stable because of the fact that there was nobody selling but I think as soon as this wil happen again we can expect some nice price increases.
Its just a matter of time and patience we need right now.
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carlfebz2
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October 05, 2016, 03:08:40 AM |
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The bitcoin price was indeed stable because of the fact that there was nobody selling but I think as soon as this wil happen again we can expect some nice price increases.
Its just a matter of time and patience we need right now.
Your are right, bitcoins price stability as of today and to previous weeks and months because there were no active traders and investors on bitcoin ecosystem which it make the price of bitcoin moves. If it doesnt move means no activity is happening on it. You are right patience is we need right now. |
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Harry Callahan
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October 05, 2016, 06:03:17 AM |
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i would like to see a stable price for the coin to get some legitimacy in the economic world, most countries are learning about the new technology,if not for the stability it would be difficult for investors to believe the nature of their funds in the long run,in the mean time traders doesn't like the stable price ,i can understand that.
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Golftech
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October 05, 2016, 06:43:36 AM |
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i would like to see a stable price for the coin to get some legitimacy in the economic world, most countries are learning about the new technology,if not for the stability it would be difficult for investors to believe the nature of their funds in the long run,in the mean time traders doesn't like the stable price ,i can understand that.
yes man the fluctuations really attract those who's willing to risk because if they got in with a good entry they will able to profit with this fluctuation and keeps repeating it from time to time. |
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rektDude
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October 05, 2016, 07:20:17 AM |
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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.
The price of the bitcoin is not to stable i think there would be allot of people not happy about it when the price of the bitcoin is going to be stable you know bitcoins needs unstable prices other wise it wont such popular |
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Altcoinmoney
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October 05, 2016, 07:52:24 AM |
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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?
First thing, people trust on bitcoin, it is no reason to stable the price of bitcoin, otherwise now bitcoin stable because it is few period of time it will be remain, but after some days bitcoin price have been changed and than it will continue rise. I personally think that a lot of the traders are back and interested in the market again, and right now the buy/sell orders are basically balancing each other out and no-one is interested in throwing a ton more money at the thing. The market is probably waiting, holding its breath, holding out until some news finally breaks the stagnation. If you think that the price of the bitcoin is stable riught now iu dont think you should use the bitcoin anymore because he is never stable not even for 24 hours so how can you think he is stable/. |
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Sandroxa
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October 05, 2016, 07:52:26 AM |
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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?
a lot of people not investing right now to be honest but i think that it will change in the near future as the price should start growing pretty soon The price of the bitcoin to stable i dont think the price is to stable because lots of people aree not looking at the price right. They are only seeing that he is around the 600 and off course he wont change lot. |
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Cozynunu
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October 05, 2016, 08:12:45 AM |
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The price of the bitcoin is not to stable it is only that you need to sell bitcfoins and not only holding bitcoins because if we are only holding there wont change anything you know.
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Altcoinmoney
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October 05, 2016, 08:12:51 AM |
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Do you really think that the price of the bitcoin is stable i dont think you have the right information becuase when the price of the bitcoin is stable no one would invest with it because you wont make more profit.
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Newcoins2020
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October 05, 2016, 08:15:55 AM |
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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?
I think that the bitcoin price is o stable because many people are not spending there Bitcoin but holding on to them and that it why the price is not moving. I hope that the price is going to rise fast because I cannot wait anymore. |
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phreaky
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October 05, 2016, 08:20:11 AM |
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The price of bitcoin being too stable can have multiple causes for example if people don't invest so don't buy bitcoin then the demand goes down.
When demand is low then price is either stable or it will go down depending on how low the demand is. So for higher prices we need a higher demand of bitcoin.
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newcoins1978
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October 05, 2016, 08:24:18 AM |
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That was only a stable period for bitcoin's price for sure. Today bitcoin shows slowly going up and I think it will continue to grow. All that story with Bitfinex hacking hit bitcoin and now it is kinda on reabilitation period. There is no reason for panic or thinking that bitcoin is dead.
I think it will stay stable for a little bit longer as we can see the price right now is the same as it was weeks ago. Bitcoin demand has been down for a while and I think the price only went up because of a very big pump about a month ago now. So it was essentially "manipulated" by big parties I believe. |
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InsideBjorn
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October 05, 2016, 07:37:44 PM |
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It was pretty stable but it will not take a long time till it will be rising again because the bitcoin is growing and due to that it will get to a higher amount for sure, I have no doubts about that.
I think that we can say that that it was stable because there was nothing happening.
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