Slow gains and stability

[iqlimasyadiqa]

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

I prefer a stable price. A stable price can make us comfortable using bitcoins because price rates do not always change, and sometimes changes can cause us harm. But this is definitely detrimental to some, including a trader. Because a trader's primary job is to take advantage of the unstable bitcoin price. They are looking for profit margins. This is sometimes like nothing is true, but I personally choose a stable bitcoin price.

[raven7886]

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

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august ?

I am sure people are planning to look at both sides of the picture and will decide to what to do. Even if the price gets low I believe that the Bitcoin is able to bring it back to $3000 soon. There must be some panic sellers but besides we have the risk takers are keeping their coins.

[Basmic]

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

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august ?

I am sure people are planning to look at both sides of the picture and will decide to what to do. Even if the price gets low I believe that the Bitcoin is able to bring it back to $3000 soon. There must be some panic sellers but besides we have the risk takers are keeping their coins.

I'll keep your coins in any way. First I have not so much, and secondly I didn't buy them. All my coins honestly earned. I share my income in Fiat and crypto so I'm willing to take the risk. I advise everyone not to panic and keep your coins.

[richardsNY]

The fiat nowadays is preferred by the traders because of the segwit application

It's not really that they prefer to hold fiat over Bitcoin, but just do it out of fear. I personally don't experience any fear in seeing the value of my holdings go down as result of a negative happening, this or next month. I have enough fiat ready to put to work as soon as the price starts tanking. There is no need to convert any of my coins to fiat (aside from the occasional trading that I do).

[Silberman]

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!

Momentum is going to be gained when segwit is finally activated but if the threat of the miners of trying a hard fork materializes then all the momentum could be lost and we could even see a decrease in price, however I think the hard fork to get bigger blocks is not going to pass and it is going to be eventually abandoned and with that the price of bitcoin will grow up even further.

[deisik]

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.

The rates have crashed to below 0.04% already (with 28M dollars in the queue), and they are now roughly equal to Bitcoin rates (don't know how to interpret that, though)

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

The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august?

Obviously, this is not about Segwit activation as such

If it were only about that, without all the drama we have been witnessing for at least half a year (think Bitcoin halving here), we would have likely already seen prices well above 3,000 dollars per coin due to hype alone. Right now prices seem to be on the verge of collapsing since the market is very thin. It kinda looks like Ethereum trading volume exceeded that of Bitcoin recently (though I didn't check for myself, just read about that), and if some really negative news emerges (say, Jihan comes up with a fresh idea of forking Bitcoin, again), the prices will likely start to drop like flies

[djtas bitbit]

I prefer stable prices. Stable price that can make us comfortable using bitcoins because prices do not always change, and sometimes a change can cause us harm. But this is definitely ruining some, including a trader. Due to a trader's main job is to take advantage of the price of the bitcoin is unstable. They see the profit margin. It is sometimes like there isn't true, but I personally choose price bitcoin stable.

[Duzter]

I prefer stable prices. Stable price that can make us comfortable using bitcoins because prices do not always change, and sometimes a change can cause us harm. But this is definitely ruining some, including a trader. Due to a trader's main job is to take advantage of the price of the bitcoin is unstable. They see the profit margin. It is sometimes like there isn't true, but I personally choose price bitcoin stable.

Very few expect a stable growth. In my view stabilty is a must, but I prefer the growth has to happen in large scale and minor fluctuations need to take place regularly within the range of $50 and above. This is how one could make a better earning through bitcoin.

[buwaytress]

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

Actually, the same conditions can be observed at Poloniex. Only three weeks ago, people were snapping up loans of 0.2% daily interest, but over 100BTC of offers now are below 0.09% daily interest - with an almost blank window for loan demands. I'm very suprised to see BTC back at 2,500 today but this thinning volume's bound to set off a knee-jerk reaction.

[1Referee]

Very few expect a stable growth. In my view stabilty is a must

Stability isn't a must. If you look at how Bitcoin has been performing price wise, then since its very first exchange listing, till now, the market has been one big roller coaster. Most important factor is to realize growth throughout the years, and that's exactly what has happened.

but I prefer the growth has to happen in large scale and minor fluctuations need to take place regularly within the range of $50 and above.

Fluctuations of $50? What a joke. In current times we're already experiencing 10% swings, which is likely going to get worse in terms of swings in fiat equivalent. Don't forget that the higher the price is, the lower the overall buy support is. If we at some point break through the $10,000 level, the 10% swings that are valued at ~$250 right now, will then be valued at ~$1000.

[xIIImaL]

Very few expect a stable growth. In my view stabilty is a must

Stability isn't a must. If you look at how Bitcoin has been performing price wise, then since its very first exchange listing, till now, the market has been one big roller coaster. Most important factor is to realize growth throughout the years, and that's exactly what has happened.

but I prefer the growth has to happen in large scale and minor fluctuations need to take place regularly within the range of $50 and above.

Fluctuations of $50? What a joke. In current times we're already experiencing 10% swings, which is likely going to get worse in terms of swings in fiat equivalent. Don't forget that the higher the price is, the lower the overall buy support is. If we at some point break through the $10,000 level, the 10% swings that are valued at ~$250 right now, will then be valued at ~$1000.

I think you are noticing price chart continuously, if you checked the price changes from the yesterday to today also you can find the nearly 60$ changes on the chart.
I think it will break the 10000$ value dream due to adoption rate increased from the past this year starting onwards. However, this should continue from that value to touch.

[Ewox]

I myself prefer stablility, though bitcoins fluctuation prices are normal but the past few weeks had passed and its current price is stable. Hopefully it won't go down that much though most of us know it'll soar back up.

[deisik]

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

Actually, the same conditions can be observed at Poloniex. Only three weeks ago, people were snapping up loans of 0.2% daily interest, but over 100BTC of offers now are below 0.09% daily interest - with an almost blank window for loan demands. I'm very suprised to see BTC back at 2,500 today but this thinning volume's bound to set off a knee-jerk reaction

This is what I always warn people about

The longer the price stays in a narrow range, the stronger will be the next movement. It holds true even when the trading volume goes up which is almost always the case when the price trends sideways for some time (since people are trying to squeeze more profits from the shorter price oscillations), but with low volume the market turns into a state as unstable as overheated water, i.e. a smallest disturbance can easily crash the price. Though it should be added that it also works in reverse too, at least, to a certain degree

[HTracer]

Yeah, it's not the best time for slow gains and stability. There is growing number of traders withdrawing bitcoin from exchanges to own wallets in a view of Aug 1st. Thin market is more susceptible to volatility and price manipulation to some extent.

[HasHe]

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!

It would be good if bitcoin price remains stable.But since bitcoin is a decentralized network,it is highly volatile in nature.Volatility in price could not be avoided.There is no central authority to control or regulate the price of bitcoin and so bitcoin price increases or decreases with difference in demand for bitcoin.

[ClaraLuV]

Yeah, it's not the best time for slow gains and stability. There is growing number of traders withdrawing bitcoin from exchanges to own wallets in a view of Aug 1st. Thin market is more susceptible to volatility and price manipulation to some extent.

That is possible,because the atmosphere is not that great and i am hoping that if things does not go smooth we might see a hard fork and so people might move their coins to their hardware wallet and we could see that the coins will be stagnant till the forking takes place. When everything is said and done , i am sure that the price will surge .

[wxa7115]

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!

A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

I think this is the right interpretation of what happened, there was a big pump and after that we lost some of the market cap on altcoins, but at the end the prices have been kept very high so it is safe to assume this is the new normal and these prices are here to stay for some time.

[BitMaxz]

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!

A stable period near a big rise is a good sign of consolidation, if it stays at this range and doesn't tread downward for a fairly decent period of time this can be considered a new baseline area. Should be interesting though

I think this is the right interpretation of what happened, there was a big pump and after that we lost some of the market cap on altcoins, but at the end the prices have been kept very high so it is safe to assume this is the new normal and these prices are here to stay for some time.

The price of bitcoin these days are growing gradually that i think segwit can be give a good result after the august 1 because if segwit can give a bad result the price are already falling down the price but look at the market place while we are nearly to segwit activation the price of bitcoin is slowly gaining and increased that i think more people are trusting the new feature added with bitcoin. Well this is a good sign i think that we will see a big pump these coming days.

[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.

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.

In settling yourself to focus on bitcoin I think you can simply earn a lot, and yes you are right that it is a big asset and gain for us that bitcoin is unstable and fluctuating with it's price and it is a faster gain for us if bitcoin would just goes up and down rapidly that way, we can surely gain a lot.

[d5000]

It's interesting to analyze the predictions of only one week ago

The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month.

For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility.