Why bitcoin rate is stable since june 2016

[zimmah]

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

it's still pretty stable.

on a price of $600, swings of $60 is still only 10%.

and on most days, it only swings like maybe $6 or so, which is only 1%.

[Lokfar]

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

Its not far from stable but its indeed not stable, I think the bitcoin never been stable and that the bitcoin has a good future a head too.
Its just how you look at to be honest.

[satmas]

I think that the bitcoin rate is stable since June 2016, because nothing exciting has really happened so far and therefore, there is may not be a cause for the big whales to either dump or buy bitcoins.

[Schuyler]

I think that the bitcoin rate is stable since June 2016, because nothing exciting has really happened so far and therefore, there is may not be a cause for the big whales to either dump or buy bitcoins.

We can't always expect the price to be too volatile. Like you said, since there are no exciting news or events that affect the price in the past few months, we have been seeing lately just minor movements here and there, nothing really to write home about. Maybe, the surge in the months of May and early June are the last for this year, but I cannot be sure since there's still a few months to go before 2016 bids farewell.

[The Sceptical Chymist]

Where do I stamp my own views here?  Oh, right here. 

If you're confused as to what to do when bitcoin isn't rising or falling then you're a fucking retard who should be locked up in a home where they make you wear a helmet all day.  You either are bullish and buy in anticipation of a price increase or are bearish and 1) Don't buy, 2) Sell, or 3) Sell short.  Those are the main options, so please choose one.  If you need assistance, ask one of the many nice bitcoin sales representatives on this forum who will be very happy to assist you.

 

[Caladonian]

I think that the bitcoin rate is stable since June 2016, because nothing exciting has really happened so far and therefore, there is may not be a cause for the big whales to either dump or buy bitcoins.

its really harder now to place position because of this current movement since june im still hoping that it will jumped up to 800 to 1k before this year end.

[icecube45]

I think in 2016, bitcoin is not stuck in a $ 600 Bitcoin remains fluctuating but changes are not too big and still in reasonable numbers. So this is still normal and I think it tends to be good.

[dunfida]

I think that the bitcoin rate is stable since June 2016, because nothing exciting has really happened so far and therefore, there is may not be a cause for the big whales to either dump or buy bitcoins.

its really harder now to place position because of this current movement since june im still hoping that it will jumped up to 800 to 1k before this year end.

Agree, its  quite hard to make such  positions  now  especially when  we are trading  with bitcoin but i believe these  times are  the best moment to buy even more bitcoin since i have  the feeling that it would  rise up on the end of 2016. Well  i cant guarantee since  bitcoins  price is  too unpredictable.

[panju1]

I think in 2016, bitcoin is not stuck in a $ 600 Bitcoin remains fluctuating but changes are not too big and still in reasonable numbers. So this is still normal and I think it tends to be good.

There has been a lot of variation in 2016. We started the year at $300 and look where we are now.
Then again, these kind of rapid bursts in price are not something new to Bitcoin.

[BitcoinHodler]

I think that the bitcoin rate is stable since June 2016, because nothing exciting has really happened so far and therefore, there is may not be a cause for the big whales to either dump or buy bitcoins.

its really harder now to place position because of this current movement since june im still hoping that it will jumped up to 800 to 1k before this year end.

Agree, its  quite hard to make such  positions  now  especially when  we are trading  with bitcoin but i believe these  times are  the best moment to buy even more bitcoin since i have  the feeling that it would  rise up on the end of 2016. Well  i cant guarantee since  bitcoins  price is  too unpredictable.

price of bitcoin doesn't just stay up by accident.
there is enough support to keep it at this level. and there has already been some drops which none of them could last and the biggest one is the drop of the finex hack and as you can see in the history all of them jumped back up to $600 level again.

[thejaytiesto]

Whales are in acumulation phase, they are getting as much cheap bitcoin as possible and nowadays 600 dollars is considered cheap. Big things are comming soon to bitcoin and they know it, so the price is going to explode.

[john2231]

I think bitcoin price is not stable because we already experience of price crash this year when bitfinex hack happen and i think the price right now is low than few months ago..

[rickadone]

I think bitcoin price is not stable because we already experience of price crash this year when bitfinex hack happen and i think the price right now is low than few months ago..

Yes, bitcoin prices had faced a selling pressure when bitfinex hack happened and also bitcoin has bounced back to $620 price levels after that. Overall, we could say bitcoin prices are not so stable since June 2016 , but it keeps on showing ups and downs as usual for supporting bitcoin traders to make profits by using these fluctuations.

[SvenBomvolen]

   Why people here have problem with stability? It`s good for bitcoin to be stable for some period of time, people can have more trust in that. Natural rise is always better then some pump. Stable price show how something is strong on the market in some point, with up coming new year price can go up. Constant grow would be to strange, it would be visible that someone is pumping the price like its some scam. That is like some other crypto coin that is made just for that purpose.
   I`m satisfied with this price, faucets are giving more then they would give on higher price. This just give me more time to collect more satoshis before the rise.

[NewInCryptoCurrency]

The bitcoin price was pretty stable due to the fact there was not happening a lot with the bitcoin, the halving was done and people are not selling and buying so that is the reason why.

[n691309]

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.

I would say that after the bitfinex hack and after that price crash the bitcoin price has a stable price as ~$600 and I think one of the reason can be that people may lose their interest in bitcoin and invest in some other alternatives or traders are taking a break and be back at the end of the year with surprises.

[LarryHocks]

I don't think it is stable yet. We have seen the price reach  760 dollar. Then go back t0 640, then with the bitfinex hack see it even drop to 550 dollar.
You can tell me a lot, hat that is not stability. At least not the kind of stability bitcoin needs to attract more investors.

[rio3233]

Because nothing happened since the halving start. Even after the bitfinex hack, the price comeback to normal and become stable until now. If something bad happened again, i'm sure the price will decrease.

[sempak]

I think bitcoin prices are very stable because it is influenced by several factors. one of which is the economic system in the real world today still has a modest improvement. even some of the region in a state that fell.

[1Referee]

I think bitcoin prices are very stable because it is influenced by several factors. one of which is the economic system in the real world today still has a modest improvement. even some of the region in a state that fell.

Bitcoin is just moving in its own phase and on its own terms forward. The real world has no influence on the price at this point.