Why bitcoin rate is stable since june 2016

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

Only once in due course of time since june 2016 bitcoin rate was raised to $750 and that i had sold almost 0.2 btc and made some profit.

Hello yes it stuck at around $600).. but and of 2016 from my view price will be 670-700 again) so i will hold my bitcoins to make small profit

Well China plays great role in bitcoin market so let invite china to make change in bitcoin network

I don't think price is stable, since June price went to more then 700 $, then drop under 550 $. There was big problem for btc to come back to 600 $. After a while on 610 $, price fall back under 600 $ today.
That is everything except stable in my opinion. Price will go up before new year, and best decision is to hold your coins.

Quote from: marleybobthedog on September 21, 2016, 06:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

$536 to above $700 then playing at $600 level with some roller coaster movement. Could you please tell me where is the stable price there since June 2016 up to today?

People's view can just make you more confused since you are conscious. So if you have guts to buy at the current price rate then just go and see the output later.

Goodluck Cool

Quote from: marleybobthedog on September 21, 2016, 06:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

It hasn't really been stuck at $600. It has varied quite a bit.
Just because the price was close to $600 towards end-2013 and it is at $600 now, doesn't mean that the price has been stuck for the last few years. Tongue

Because we are being limited by an artificial blocksize.

The amount of transactions in a block is related to the price of bitcoin, but on top of that the discussion about the blocksize and how to solve it also makes the users more scared to commit money into bitcoin and turns bitcoin fans towards altcoins even though they might prefer bitcoin.

Limiting blocksize limits adoption and growth, and therefore price.

on a related note, what happened to xthin?

Also those that hope segwit is our savior, some large mining pools oppose to segwit without a blocksize increase to accompany it. That is the true reason why segwit is 'delayed'

indeed if we see from 24 hours volume market in every exchange for everyday the price looks stucks at $600 but not really stable i guess because since june 2016 untill today bitcoin price has been reach to $620 above and currently down $600 below

Quote from: marleybobthedog on September 21, 2016, 06:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

you should be happy instead of being confused about the price being stable.

your quesiton is like asking why price of USD versus EUR is stable and stuck at a same rate with little fluctuation!!

we are getting closer to becoming more stable and we will eventually see a fixed price with $0.5 changes and you will regret these days with $10 change.

it went to $750 before so it is not that stable after all, just the pump and dump that always happen, but now it's again in stagnation phase, it will be pumped and dumped soon

Quote from: marleybobthedog on September 21, 2016, 06:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

There are always periods of stability. After the halving people aren't really sure what to do. If I was you I'd buy because this is still a time of cheap coins imo.

In a few years when we are in the thousands of USD per bitcoin people will be kicking themselves for not loading up now.

Really good question, it's at least 1 month that it is stable. I was thinking about that but don't know what to say. Many people were saying that after halving bitcoin's price will be higher and doubled but reality is different and today we see a stable bitcoin price. Price changed a little bit when bitfinex was hacked and were stollen bitcoins but price soon become near 600 usd. But despite this fact, it's really near 600$, it's maybe good for some people but what I love in bitcoin is it's unstable price because it's makes great sense in trading.

Quote from: marleybobthedog on September 21, 2016, 06:11:27 PM

Can you please tell in brief that why bitcoin rate is stuck at around $600. I am confused wether to buy bitcoin or sell. I am very conscious about its future. So please stamp your own views here.

It's not stable,it's often fluctuating.You don't expect it to hit $800+ every other day do you ? Buy bitcoin at the lowest seen that particular week or the month.You could buy at any rate actually,once they increase you will profit eventually.

stable ?
look the volume, it's crazy ... !

on kraken exchange only EUR value, it's move like 6000 BTC per DAY !
and the value only drift from 20 Eur for this.

Extreme stability to me is a sign of accumulation. The big boys are buying.

Actually price was dumped hard even below $500 after bitfinex got hacked recently and many have got few cheap bitcoins back than. However the current constant price also suggest good buy point for nice profit on any pump that can happen after long time of constant price period/ accumulation period.

Quote from: amacar2 on September 23, 2016, 07:01:15 PM

It wasn't even dumped below $520 to be precise during the bitfinex hack period.I don't know where you're digging your stats from.I might be wrong but bitfinex hack has nothing to do with bitcoins price I believe.It was the service which was hacked and not the protocol.

In fact its not stable since June 2016, it decreased and increased between 550$ and 700$, but currently it seems somewhat like stable in around 600$, but i think it will increase again by the end of this year

A lot of people seem to think that we are going to see a breakout to $800+ soon, so this stability around $600 are offering a lot of people the

opportunity to buy coins cheaper. The speculation is not backed by facts, but they are saying it is under valued by at least $200. The

merchants want stability like this, but the day traders wants more volatility to trade and make bigger profits. Huh