Some power is like holding bitcoin price on 900 usd?

[ardacik]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

[JohnBidwell]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

No mate its just the nature that the base price of bitcoins keep getting set at higher and higher values, earlier it was 600$ and now its 900$ or maybe better we say 850$ and in coming years it might be 1200$

[BTCLovingDude]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

for weeks? where have you been looking? change your source. check out bitcoinwisdom.com

price has been around $900 for about 3 days. and it is just like before, we have on the same path. scroll the chart back 2,3 weeks and look at the price at $785 then continue backwards to see hundreds of the same thing happening when price becomes stable after some volatility and then rises.

[iqlimasyadiqa]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

of course it could not be ascertained. but look at the market trend bitcoin, then we can ensure that the range is around 900USD.
This still is speculation and can not be ascertained. we should be able to control emotions in buying and selling bitcoin we have.

[cellard]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

You are going to keep seeing those swings until something triggers the price up or down... there's no other explaination but assuming that the crash has already been priced in (or may I say, out) and now the current trading area is 800-900$. We may stay there for a while. Im looking forward to the Donald Trump inauguration day, once he enters the Whitehouse, we may start seeing some movements. Those things have impacts on the markets.

[Stedsm]

It's not the power but selling whales got out with their capital that they invested (or bought bitcoins) when the price was $1k during 2014, and are now out of the game. Weaker hands got out which means that many stronger minds are back in the game because of them and are not going to sell bitcoins below a "decided" level, and that maybe 900 usd.

[Dalida]

What do you expect to happen to the value after trumps inauguration ?

[Bitcoinsummoner]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

Its just a normal movement of the price of bitcoin and i think it will never fixed at 900 are will be stable because bitcoins is always depends in demand supply so the movement of the price of bitcoin is always moving up or down..

[cellard]

Yeah I didn't notice this guy said "for weeks". Bitcoin has just recenty been showing signs of a stable price... and we are still far from calling it stable. I guess in bitcoin terms you need about 1 month of a stable price to call it stable. We have only been a couple of times sailing the 900 ish range. If we reach february with a more or less straight graph then we can call it stable.

[richardsNY]

Nothing wrong with how we are hovering around the same levels for days now. I personally like this as the price is somewhat stable within a certain range. It's nice that when you send like $100 worth of Bitcoins that the value is still nearly the same a few days later. Can't really complain about this. Better enjoy current levels instead of complaining. Maybe after a few days you will see what I mean when the price starts tanking heavily.

[Taki]

Good that the price didn't drop under 800$. I also noticed that the price is seems frozen on the point of 900$ for days. This situation remind me the same moment when the price was frozen on the point of 600$ for a month around of September. Hope it's not going to be repeated again.

[Longsnowsm]

Now that the FUD is clearing up over the situation in China and BTC we should see it climbing.... But it is just holding.  So that is a little odd. 

All the scare tactics about the Yuan, then the regulators...  Well lets just say the "news" itself was questionable.  Someone wanted in BTC at a lower price and have enough influence to spook the markets.  That alone should be reason for concern. 

[kwukduck]

There is nothing holding the price down. There is however big manipulation to try to keep the price artificially high to prevent the whole thing crumbling down. In the mean time big whales are cashing out.

[BitHodler]

There is nothing holding the price down. There is however big manipulation to try to keep the price artificially high to prevent the whole thing crumbling down. In the mean time big whales are cashing out.

Good to see you writing like a decent and understanding person instead of the hate you normally spew at people here on Bitcointalk.

Whales may very well slowly cash out at current levels, but the point is that there is still room for the price to come down like another $100 in the coming weeks.

That being said, right now the chances of going up or down are level where there is nothing that indicates a favor in a certain direction. It's purely 50/50 now.

[angaper]

After periods of high volatility, it is quite normal to observe subsequent periods of relative calm. In "normal" markets (given that the altcoins market is significant different) it is generally assumed that prices move in stable ranges 80% of the time.

[Arcteryx]

What do you expect to happen to the value after trumps inauguration ?

People have said for weeks that it did not make a difference for the better with the price of bitcoin so what makes you think that this would?
We will see in 10 days from now if that agreement by the majority here still holds merit.
If it does go up on January 20th from where it lies now at $900 what will they have to say then? They were wrong?
I for one think that their were other factors involved and that was not one of them because he don't acknowledge bitcoin at all.
He is old money and they stick together no matter what new money comes along because that is all they know and ever will know until they die.
Warren Buffet included.
He still thinks that bitcoin is a farce that should be eliminated before it gets to far and the people whom are using it gets scammed out of their life savings.

[Shiroslullaby]

There was no reason for the rise to $1100 other than pure speculation, and the bubble popped.
$900 is an amazing price to be stable at right now.
The only people that are complaining are the ones that bought in at the absolute top, and even that won't be a terrible investment if you HODL for a few more years.
We will definitely see $1000+ at some point.

[lionheart78]

It moves around 890-900 for weeks! I mean not 832 or 954. Just fixed at 900?
Is it just me thinking like that?

I check the price too but it does not stay at $890 - $900  in fact it goes up to $930+ and down lower thant $890.    There maybe whales holding it according to some theory but we all know theory is theory and yet to be proven.  I think it is a natural resistance and demand.  There is always a fresh money coming from the new comers. Aside from that there are lots of networking company that demand Bitcoin to give them to their members.

[manselr]

Good that the price didn't drop under 800$. I also noticed that the price is seems frozen on the point of 900$ for days. This situation remind me the same moment when the price was frozen on the point of 600$ for a month around of September. Hope it's not going to be repeated again.

Looks like it's perfectly stable at 900... it's amazing how it has survived that massive selloff, I think it's clear that we are now going to keep smooth sailing around that area and then eventually we'll take off again for new heights, let's see how long that takes.

[yonton]

I'm getting strapped in, it looks like it might take off in the morning!