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Author Topic: Bitcoin is... surprisingly stable today?  (Read 1209 times)
AlexBessonov
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June 24, 2017, 06:02:08 AM
 #1

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?
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June 24, 2017, 06:16:50 AM
 #2

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?

Right now, I feel new investors and people who are thinking about investing into BTC are confused and not able to decide whether they want to invest or not. After the successful voting of Segwit integration, some are worried and others are confident about it. Hopefully, everything will be fine and BTC reach a new height before the end of this year.

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June 24, 2017, 07:13:20 AM
 #3

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?

Right now, I feel new investors and people who are thinking about investing into BTC are confused and not able to decide whether they want to invest or not. After the successful voting of Segwit integration, some are worried and others are confident about it. Hopefully, everything will be fine and BTC reach a new height before the end of this year.
The investment is the major cause for the price being stable. Right now the circulation will also happening in a normal manner as the investment is not happiness a large scale. This is just a temporary issue, because traders won't be actively investing as the price variation is quite low and this will change in the falling days.

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June 24, 2017, 08:37:43 AM
 #4

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?

Right now, I feel new investors and people who are thinking about investing into BTC are confused and not able to decide whether they want to invest or not. After the successful voting of Segwit integration, some are worried and others are confident about it. Hopefully, everything will be fine and BTC reach a new height before the end of this year.
I think so, because the hardfork(UASF) just like a betting to the investors. Uasf will be happened in august and i think if this is complete bubble before the segwit + 2mb hardfork activation in the future. let's take your money before it will be happened.

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June 24, 2017, 08:55:33 AM
 #5

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?

Mixed sentiment people will keep observing until August that said there will still be a fair bit of movement a lot nearer to the date in my opinion as people exit and enter positions near the Segwit2x date, until then people will just note the signalling too little will lead to other speculations, enough to get threshold will keep the current set of questions going etc.
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June 24, 2017, 09:00:57 AM
 #6

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?


The catch is for the seg wit compromise for at least 'signaling' I'd think there'd be more movement upward in price

on the other hand

bitcoin core has NOT yet come out and said thank you for seg witness...BUT the other shoe that may drop a few months from now

IF bitcoin core will not support the 2mb hard fork (or any hard fork), so we could be looking at 2 more years after 2018 of this yet

(not to mention that Craig Wright supposedly Satoshi will have access to keys to his supposed hoard in a trust of bitcoin on Jan 1st 2020...sorry I use this story
to scare 'newbies' ..he is the last person I'd want to be satoshi..he'd dump it all and watch us all burn imho) Smiley (shudder ..scared self)

I don't believe but it makes a great BTC bedtime horror story...

bitcoin is 'never stable' is like a Cat...either preparing to jump up or jump down .....except with BTC it is price.....


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June 24, 2017, 09:04:11 AM
 #7

bitcoin is 'never stable' is is like a Cat...either preparing to jump up or jump down .....except with btc it is price.....

Yep, it's the calm before the storm. It's kind of like an armistice between buyers and sellers where no one dares to make the first move.

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June 24, 2017, 09:25:48 AM
 #8

http://www.coindesk.com/price/

Only a $9 change from yesterday at the time of posting. Also saw this image linked somewhere — https://imgur.com/NzPiT6W. Is this just an anomaly, or does this signify some smoother sailing waters for bitcoin in the upcoming weeks / months?

Normally in weekends you don't find big dumps in the chart. May be can find some in the chart. Bitcoin price stability like a desert water you will not see in all the time due to its price fluctuation tendency.
 I hope bitcoin price will touches to 4000$ in this year end due to high flow in adoption and Christmas bump is also gonna happen.

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June 24, 2017, 09:50:59 AM
 #9

all the drama of block size and segwit and miners and core aside, this is not at all surprising! just take a look at some price history and see the same thing happening other times. after all the high volatility in the market there is always an stable period.
in fact i am surprised that it took this much for the price to become stable once again.














 

 

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June 24, 2017, 10:14:30 AM
 #10

Well near a year ago before the last race I was thinking that the price is finally stable... but look where we came )))))
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June 24, 2017, 10:50:54 AM
 #11

Stability is important for new sustainable grows, because people will have an idea where is the new high and everything, also every day new coins appear out of nowhere, so no fall in some sense is a rise.

I see a bullish pattern in 1h, but may be only an impression of mine

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June 24, 2017, 10:58:03 AM
 #12

Stable price is good for bitcoin. It may attract big companies to accept it if it continues to be stable with only small chunk of movements. Companies that are skeptical about bitcoin until now. This would be a good incentive for bitcoin and its price to rise further up. However we have to wait and see what happens on August 1.

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June 24, 2017, 11:22:08 AM
 #13

Stable price is good for bitcoin. It may attract big companies to accept it if it continues to be stable with only small chunk of movements. Companies that are skeptical about bitcoin until now. This would be a good incentive for bitcoin and its price to rise further up. However we have to wait and see what happens on August 1.

so stable price results in growth making it unstable again.. seems the statement contradicts itself, but also seems that it works ))
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June 24, 2017, 11:42:58 AM
 #14

Its still a waiting game for now. The investors or some of them are somewhat tentative because they are looking at how the Segwit2x activation will affect the ecosystem. It is not just today, but a few days back, it has been like that. Its been hovering at around $2600-$2700 and its been boring and a slow phase.

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Multatio
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June 24, 2017, 11:44:56 AM
 #15

Yes, I saw this too as my desktop price ticker remained very stable around 2720$. I guess that is good.
Reid
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June 24, 2017, 11:51:15 AM
 #16

There will always be stability in bitcoin price. Even before there will be a time to calm down.
It is a good thing for those who want to withdraw and not present yesterday. They will still have a chance to make a move.
Not so good for traders like this kind. Perhaps a rest will be good for now.
A day off is not that bad.

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June 24, 2017, 12:10:22 PM
 #17

Wait for August 1. if you want to se instability Grin
CARrency
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June 24, 2017, 12:19:31 PM
 #18

Yes, I saw this too as my desktop price ticker remained very stable around 2720$. I guess that is good.

But now the price are starting to go down and it is now at $2600. It may be a small down price movement, but for me it is a sign that bitcoin price is not really stabilized. But, if the bitcoin price stays there or go back and forth at the recent price, I will be considering it as a stable price.

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Armando
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June 24, 2017, 01:13:17 PM
 #19

Wait for August 1. if you want to se instability Grin

from the other hand the effect of August 1st might already affect the price... almost everyone is aware of this so maybe nothing would happen August at all  Grin
mharz
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June 24, 2017, 01:59:20 PM
 #20

This stable amount of bitcoin is for the mean time. I believe that bitcoin now were rest, but after that Bitcoin were started to raised up again.
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