Why bitcoin rate is stable since june 2016

[hawkins]

so far nonexistent transactions must've happened. the only thing that happens is the greatest and the halving hack in bitfenix. I guess after the price increase caused by halving, had been reduced due to the effects of bitfenix, so the price of bitcoin from June to today remained steady at $ 600

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[maku]

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. 

And how exactly current price of ~$600 is backed by facts? The only fact I consider viable to estimate approximate bitcoin price is mining cost.
Most other "facts" are mix of overhyped news, bad news, simple FUD, rumors, speculation and wishful thinking.

[milewilda]

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.

Bitcoins price is  never been stable since its moving, you could assume that its stable because  its playing around these price brackets.  In  my own view on  bitcoin price stabilize because there are no sellers and there no buyers and traders  does only  minimal trades  on bitcoin. I assume that  most people   just  holding their bitcoin and waiting for  the price increase but theres nothing to worry since  bitcoins adoption is unstoppable  and  for sure  people would  invest into bitcoin.

[molsewid]

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 because of halving thats the main reason why the price of bitcoin is stuck around minimum of 600 dollars , im a little bit confusing too that i know there are new investors who using bitcoin and using it for there companies if the bitcoin price drop it will minus atleast 20$ or maybe low ?

[pooya87]

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.

the reason for your confusion is only because you were expecting a huge amount of fiat profit from bitcoin to buy at $XX and in a week cash out your $10000*XX profit.

let me tell you now that those days are almost[/b] over and we may never see big rises of that magnitude ever again.

what we have now is a slow and steady rise over a longer time.

[Cassius]

'Stable' is relative. There have been at least 3 instances of clear manipulation in the last couple of weeks, both up and down. The price moved $10-30 in minutes. Suspicious to say the least.
The broader picture is relative stability, which tends to be a sign of consolidation/accumulation.

[vero]

I had thought optimistic about this, stable prices occurred because now many investors who secretly holding bitcoin for long-term.

[dunfida]

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 because of halving thats the main reason why the price of bitcoin is stuck around minimum of 600 dollars , im a little bit confusing too that i know there are new investors who using bitcoin and using it for there companies if the bitcoin price drop it will minus atleast 20$ or maybe low ?

Halving  does not have any relation regarding on bitcoins somewhat  stable price since movements are basing  on  supply and demand  on bitcoin ecosystem. Price is  not  moving  for big amounts and we observe it  for how many weeks now and i assume theres  no  buyers  and  sellers as of this moment.

[outatime1]

I think some volatility occurred in the few weeks prior to the halving. Then the price has been pretty stable since then with the exception of the drop due to the bitfinex issue. I think with little news either positive or negative, we are going to see a stable price.

[iqlimasyadiqa]

This can be considered positive as well as negative. for some people such as traders bitcoin price stability certainly is a nightmare. they could not take a huge advantage. but for the world market, this stability is very favorable, because bitcoin more credible on the world stage.

[jerowacik]

This can be considered positive as well as negative. for some people such as traders bitcoin price stability certainly is a nightmare. they could not take a huge advantage. but for the world market, this stability is very favorable, because bitcoin more credible on the world stage.

yes, bitcoin price stability used by some people, especially the instigators of the economy.
while traders feel sad because there is no significant price movement bitcoin.

[Zadicar]

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.

IF bitcoins price is  stuck  in  $600 price then  theres no sellers and  theres no buyers since the  supply  and demand  isnt there thats  why the price wouldnt  move too much. If i were you dont  worry  on selling  your coins  , for me its better to buy as of  now on   bitcoin price its cheap already.

[Catmony]

Stable price are good for those who want to buy more coins in interval of few days or weeks to load their wallet with fiat. So after this stable price, due to lots of people buying bitcoin, price may rise so quickly and same pattern was seen it before too.

[kanazawa]

If there's no big crisis involving China -- like was in 2015 -- and there's no scandals such SilkRoad or any other illegal business or any news illegal activity like mt.gox scam/theft (I don't know what to say). Many commodities had stabilized and few new systems and more diversity in the bitcoin community are emerging.

[maku]

If there's no big crisis involving China -- like was in 2015 -- and there's no scandals such SilkRoad or any other illegal business or any news illegal activity like mt.gox scam/theft (I don't know what to say). Many commodities had stabilized and few new systems and more diversity in the bitcoin community are emerging.

We are talking about bitcoin here. There is no week in bitcoin world when we are not hearing about another scandal or fail.
For example. In in this week owners of Paxful.com bitcoin p2p exchange platform - alternative to localbitcoins.com - were arrested in Miami with AR-15 and drugs.
Earlier we had Bitfinex hack and there is almost sure we will see more bitcoin services hacked in the future.

[Labumi]

Stable price are good for those who want to buy more coins in interval of few days or weeks to load their wallet with fiat. So after this stable price, due to lots of people buying bitcoin, price may rise so quickly and same pattern was seen it before too.

It is indeed something very true,. Because I see the pattern is always the same bitcoin did not experience significant changes, so this could be a great opportunity to get a very big advantage. so, do what we can to get in the future and never minded bad for all the things we do, as long as we do it by unanimous decision

[Red-Apple]

Stable price are good for those who want to buy more coins in interval of few days or weeks to load their wallet with fiat. So after this stable price, due to lots of people buying bitcoin, price may rise so quickly and same pattern was seen it before too.

It is indeed something very true,. Because I see the pattern is always the same bitcoin did not experience significant changes, so this could be a great opportunity to get a very big advantage. so, do what we can to get in the future and never minded bad for all the things we do, as long as we do it by unanimous decision

bitcoin doesn't need to change in order to rise up or down.
in other words what affects the bitcoin price is not (significant) changes but instead it is the adoption that changes the price and moves it upwards.
this is in fact adoption that creates more demand which can then bring more money (people who invest in it) and cause a slow rise over time.

[Ayers]

I had thought optimistic about this, stable prices occurred because now many investors who secretly holding bitcoin for long-term.

i think it's more because none is dumping, and none is really interested in buying, in other words, supply and demand ae on par in this moment

[victoryboy]

Flat price has no option to be seen in Bitcoin there will always be little bit movement in upside or downside. The good thing is seeing new floor of price which seems solid with plus/minus few dollars which is inevitable in trading as I mentioned. Halving and so many blockchain based starts up seems to have major roles in this range of price in my opinion. Many blockchain based starts up going to be real next year so we can expect rise in price.

[Nameless Coin]

I had thought optimistic about this, stable prices occurred because now many investors who secretly holding bitcoin for long-term.

i think it's more because none is dumping, and none is really interested in buying, in other words, supply and demand ae on par in this moment

The price is not stable at this momemt far from stable.
At this moment the battle for 600 is going on. Up could mean 630 where we will see a strong 600 building up.
Under means a potential fall back to 550