Slow gains and stability

[TravelMug]

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming...........

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

Yes. it looks like that Indian government is ready to legalized bitcoin. Hopefully it will push the price to the elusive $3000 mark. Currently, the price is steady which is good to see. But we all know that what we want is $3000. I think I'm positive that we can break it within the next weeks or so. We just have to be patience for now because once it has been broken, we will all be jumping for joy because $4000 will be the next target.

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[BitMaxz]

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming...........

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

Yes. it looks like that Indian government is ready to legalized bitcoin. Hopefully it will push the price to the elusive $3000 mark. Currently, the price is steady which is good to see. But we all know that what we want is $3000. I think I'm positive that we can break it within the next weeks or so. We just have to be patience for now because once it has been broken, we will all be jumping for joy because $4000 will be the next target.

Where did you get that news never heard that thing but i read some article in from coindesk and i think they are planning bitcoin will be legalized too in their country if it will happen this year we will see a large price increase but i think they are still waiting what will be happen this coming august 1
For now i seen in the live chart that the price is gaining naturally increase and hoping that $2,900 value will be reach. .

[rizkyhiw]

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming...........

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

between $2,200 to $2,800 it's really a good price range ,
especially for a daily trader it's gives a lot of opportunity to make money ,
i can't see a stability also a slow gains but just a good price range for now ,
at least there is no huge drops as it could leading into a deep drop once people getting panic.

[Chin Cheng]

Get through August unscathed then gain some momentum heading into the latter half of the year!

I really like the stable price of bitcoin and i am sure if we are able to get through the scaling part without much issues and goes according to the plans then we will be having a good rally and expect the price to break new barriers ,i am sure the market is stabilizing mainly because of the scaling talks and i expect it to continue like this ,till it gets over.

[naidray]

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

As per the basics of trading, always sustaining prices are triggering to upward momentum. When prices are staying with in some range we can assume there will be equal number of buyers and sellers and they are keeping prices to trade within some levels.

In this type of situation, usually buyers alone breaking the upper end as they will be having more confident for another wave of appreciations compared to bears.

[machinek20]

Slow gains and stability is a very good rising, it makes people not doing a whole sale or panic sell and it proves that bitcoin is not just a bubble, most of the people like this situation, it makes the bitcoin more predictable, but the traders dont like this situation

[Mazt rhiezt]

Bitcoin proves that the stability of its value is not too negative because investors will dare to predict if next year the price will also rise.
Rather than other coins that shot high but did not last long.

[streazight]

Price have rose exponentially on starting days of this month so I was worried about another big dump just after that huge pump. Thankfully price remain stable above $2000 and now I think we are heading towards $3000, which might be new floor for bitcoin. $5000 coming...........

It is good that prices need to stabilise around 2500 mark some more time then it will give a good foundation for next big move. Just need to hold on to it and next one or two year time will be making many folds of profit from our investments. Recently Indian government also ask experts to come up with regulation guidelines, let's see how it goes.

This will be a great step in making the bitcoin more powerful if the Indian government legalize it. India have a very huge urge for the Bitcoin and this can make the rest of the world to think about the legalization of the Bitcoin as well. If the legalization and the stability in price of the Bitcoin both worked it will take the Bitcoin to a new era of success.

[deisik]

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

You must be confusing the past summer with some other season

The summer of 2016 was really intense. The price had been rising since the beginning of that year on hype linked to the coming reward halving. Bitcoin rose from like 350 dollars and all the way up to 750 dollars per coin during the first half of the year. In June, just a few weeks before the actual event (the halving happened in the first 10 days of July, if I'm not mistaken), the price crashed massively down to 600 dollars. Then in early August Bitfinex got hacked and the price went below 500 dollars for a few moments. I don't think it cuts as a quiet period by any means

[Hazir]

I get the impression that current period of relative price stability and lack of big movements is just the calm before the storm.
Everyone is just watching and waiting for the outcome of the scaling upgrade. I heard some voices that Indian legalisation in underway, wich will be great.
But at the same time no one mentioned that Bitcoin double taxation ends in Australia July 1st, Australia decided to legalise Bitcoin too!

[deisik]

I get the impression that current period of relative price stability and lack of big movements is just the calm before the storm.
Everyone is just watching and waiting for the outcome of the scaling upgrade. I heard some voices that Indian legalisation in underway, wich will be great.
But at the same time no one mentioned that Bitcoin double taxation ends in Australia July 1st, Australia decided to legalise Bitcoin too!

Australia is reported to be a "Bitcoin desert" of sorts

So this event will likely pass completely unnoticed. If anything, it should have already been priced in. Folks from India don't confirm it that the Indian government is going to legalize Bitcoin any time soon. They just seem to be aware of it and obviously want to regulate it somehow, but that doesn't mean that they are closer to its complete legalization than outright prohibition. Regarding prices, we will certainly see plenty of volatility in the coming days before the deadline of August, 1st

[itsallpc]

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

[YuginKadoya]

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

[TravelMug]

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

I feel that bitcoin unstable price is a great asset to begin with. No one really can predict the movement and as a result investors are just holding on it and "speculate" on when they gonna dump it. So for me, this volatility of bitcoin makes it one of the best investment around. You can either make or break. Simply as that.

[d5000]

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has).

[deisik]

From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.

The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has)

I wouldn't be so certain of that

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in

[JL421]

That's a good sign but you can call it stable as the price is still changing on daily basis. In order to be stable the price shouldn't increase or decrease with a significant difference but here the price changes every hour. The gains have been slow but I'm sure the market will recover soon

[AK47-]

After such a huge jump in May, less volatility was required. It is better than huge dump after that pump in May. This is a natural growth of bitcoin.

[d5000]

US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium).

Interesting observation. I expect that there will be some volatility and definitively there could be a little "crash" down to 2000 or 1800, but I don't expect it to go much lower than that. For now, on about July 5 a triangle/flag is about to close. We'll see if that leads to a movement (more likely to the downside than to the upside) or if the trend "flatlines" waiting for fundamental news.

[beerlover]

The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!

Steady price is good for bitcoin progress.But bitcoin being a decentralized currency,its hard to expect that it would remain stable in a price since volatility is its nature.Even it remains stable,it would remain only temporarily for a very short period.It is due to its volatile nature traders gain profits due to difference in price.

Bitcoin isn't really stable, even if the price is not moving it isn't mean it is stable, we can never guess which movement bitcoin will take, even if you assume that the price would just stay there, the bitcoin price is really resisting right now but the price we had is an A OK price because back then bitcoin value is only in the 3 digit number mark and right now that we are in the $2000 mark value earning with bitcoin is great for me.

Yeah this is true we can never say that the bitcoin is stable because it is not the feature of the bitcoin. The price if don’t drop down it will be increasing, but currently I guess the span of the bitcoin price growing high has started and it can be noticed form the recent drop that how soon it recovered its price in the market and is still growing. So, this is quite optimistic for us.