Bitcoin Stabilizing At $20K

[Gabb]

I do not see a strong reason to think that $20,000 will be a psychological level especially relevant to stop the exponential growth that the bitcoin price has experienced during the last months. In fact it seems to me more likely that the constant volatility that has been observed will remain during 2018 due to the arrival of new capitals, so the price of $20,000 will be easily surpassed in the same way that $10,000 did not mean anything relevant to investors.

[maxamus]

i also see that bitcoins value is now stabilizing at $17k level. i believe that correction is now happened on this level because bitcoin has seems stable in past 2 to 3 days at this point but i have a good feeling that bitcoin will still surge upwards because were now getting close to the upcoming bitcoin forks this december. this can again result for bitcoin to reach his new all time high which is expected to be $20k just before the year ends.

I hope bitcoin fork will benefit the growth of bitcoin  as there are mixed reviews about the  outcome of bitcoin fork but I believe this will.be fruitful and when we talk about stability we are yet to attain stability but if we dig deeper and do a floor test we have rather achieved new levels like the lowest point or lower limit  and whoever there is a value pumps then a new lower limit is set as the price don't drop beyond that limit.

[Betwrong]

If Bitcoin is a new asset class (strictly speaking, it is crypto as a whole, but btc is about 60% currently), then it stands a reason that it should at least approach the smallest asset class value.

Apart from crypto, the smallest asset class is precious metals with about 8 tril value.
0.6X8=4.8 tril.

4.8 tril for 16.7mil btc= $287 thou/btc price target.
Of course, as bitcoin numbers increase, the price number projection would drop (to, maybe, $250 thou).
Timeline: unknown, could take 3-5-10 years, but unlikely longer than this.

I agree with your calculations. I think that in the future many people will invest in crypto rather than in precious metals and even those who already invested in precious metals will partially move their assets to crypto.

As I said earlier we can expect price much higher than $250k if Bitcoin replaces all money in the world, but your picture is more realistic and that's why I like it even more than that of mine.

[hugeblack]

Stabilization means put bitcoin under control which will be so hard.

Demand and Supply control price and Demand unstable these days =  unstable price.

after CBOE may be given some Stabilization.

personally, hope to stable at any range

[DaMut]

Stabilization means put bitcoin under control which will be so hard.

Demand and Supply control price and Demand unstable these days =  unstable price.

after CBOE may be given some Stabilization.

personally, hope to stable at any range

Nope stabilization will not happen these years i believe,
you should understand right what is the reason behind the pump that we're seeing this lately and for the past few years ?
it's all about the demand itself,
we're aware Bitcoin only has around 21 Millions in total circulation while people in this world more than 10x times from bitcoin total supply.
stabilization will work as long as there're no more demand or the demand itself do not increase or remain the same.
but it's very impossible because if Bitcoin get recognized by many people,
slowly the demand itself will keep increasing until we're reaching the peak.
no matter what is it,CBOE or whatever.
it will not change the fact that Bitcoin will never can stabilize at this moment.

[Torque]

Well if Bitcoin went only sideways for all of 2018 (probably impossible), it still would have made it's performance for all of 2017 worth it.

[ReLieD]

Are you sure about that !? I don't even think using the word ' Stable' with Bitcoin is appropriate . Both words are completely opposite and I don't think that Bitcoin can stay with an amount for more than 1 day. Even 1 day is very long.

Once Bitcoin crosses 20k I am damn sure that the prices will fall down. Many people will start withdrawing their btc and hence it will lead to drop in prices.

[surix]

I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.
About 20k...not that sure at this moment...

[DrGuns4Hands]

Maybe it is going to stabilize at $20,000 because i myself didn't expect that bitcoin will reach over $15,000 this year but now that it happened maybe it is really going to stabilize at $20,000 and going to increase more.

[Gameflip ICO]

I think it will that price soon.

[Vaskiy]

Maybe it is going to stabilize at $20,000 because i myself didn't expect that bitcoin will reach over $15,000 this year but now that it happened maybe it is really going to stabilize at $20,000 and going to increase more.

Yes, that's true. None have expected such a growth. All took place in a short term period and made the people into panic. Later the same termed to be the real growth, at present the varying price quite often gains stability to move further reaching high. In this regard, the next stabilization might be after $20k.

[richardsNY]

I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.

Falling back to levels below $10,000 isn't very likely, but it's something we can't just so easily discard. If we look at similar predictions that the market would never fall below a certain level again, where each time it went below these levels, it proves that no price level is safe in times of total panic. On top of that, in this market sell-offs get greatly exaggerated, so with that in mind, I won't rule out another visit below the $10,000 level. But even if we do fall slightly below the $10,000 level, it still means that we're more than 800% up this year, which is pretty insane if you think about it -- it perfectly shows how much growth we have experienced.

[boboking]

I would say today that 10kUSD is mostly a sure thing and we will most probably never see again price below that level.

Falling back to levels below $10,000 isn't very likely, but it's something we can't just so easily discard. If we look at similar predictions that the market would never fall below a certain level again, where each time it went below these levels, it proves that no price level is safe in times of total panic. On top of that, in this market sell-offs get greatly exaggerated, so with that in mind, I won't rule out another visit below the $10,000 level. But even if we do fall slightly below the $10,000 level, it still means that we're more than 800% up this year, which is pretty insane if you think about it -- it perfectly shows how much growth we have experienced.

Yes I do not think that Bitcoin price will drop below $10,000 but if this happen weak hands will definitely sell their bitcoin thus the price will go even deeper and that could be a start of a crash. Losing around 40% to 50% of it's current value will be a disaster regardless of the gain it has this year. Well I hope this will not happen.

[shesheboy]

Yes I do not think that Bitcoin price will drop below $10,000 but if this happen weak hands will definitely sell their bitcoin thus the price will go even deeper and that could be a start of a crash. Losing around 40% to 50% of it's current value will be a disaster regardless of the gain it has this year. Well I hope this will not happen.

based on  my personal forecast i can possibly say that bitcoin wont drop anymore because as the others said we are now getting closer to the upcomming bitcoin forks and as far as i know bitcoin forks can always lead to price increase because of the more demand that bitcoin will get because more and more people will buy bitcoin every single day to prepare on these hardforks. though i can also say that bitcoin is not yet stabilizing because it is still a volatile coin and price are moving every minute and every second of the day.

[walking_jumbo]

There is a lot of hype at the moment and since beginning of December it seems everyone want to buy a bit coin which push the price sky high. Not just that it's also good for other crypto currencies prices which has rocketed due to this demand.

I think almost until there is another distraction in the market the prices will go up. Only crystal ball can predict when it will settle and at  20K or 25K or 50K.

[justdimin]

I think that if Bitcoin is too stable and there is no fluctuation, no one will invest in it. Because it is unstable, people can make a profit from the differences. Otherwise, I think Bitcoin will soon reach 20k and may increase further but not this year. Probably next year will be a development year of Bitcoin as the platform gets more stable and more and more people know it, it will really grow.

If no one invests in it, at least those who understands the true value will end up finding a useful ground for it than just an investment. Bitcoin was meant to do certain things, but I feel people are beginning to get too greedy and not even considering what bitcoin can do but what they can get back in the long run, and sometimes, I really do not always know if I should be worried or not.

Bitcoin cannot stabilize at $20000 and we all know that, with the way things are going.

[magneto]

Could it happen? Absolutely it could. Though i think things will actually turn out a lot more dramatic than bitcoin rising to $20k and stabilising there. It's more likely that a huge bitcoin bubble builds up and then a huge crash brings it down again, stabilizing at around September-November price levels.

It's always rare in a bubble scenario for something to just break barriers and then stay there. People are going to be tempted to buy at first because of FOMO and later on dump because of the fear of losing money - again.

I mean stabilising prices are obviously ideal but i don't think it's likely.

[wuvdoll]

Thanks for Pizza and Beers but when non-investors will see us enjoying bitcoin delights, won't they be wishing to join us in treat!
Therefore, I don't think after listing on futures and along with series of worthy forks (like Super Bitcoin, etc), bitcoin is going to have any stability. Its demand will rise like before and prices continue to rise which can easily cross $50K during next year.

Yeah, listing in futures may drive us upward in the long run and back or just drive us backwards a bit now and then upwards in the long run. One of this is definitely bound to happen anyway. Demand is something that is expected to rise and we should expect that to really cause some upsurge in value but how long this present rally is going to last is not known yet.

Stability will be a whole lot to ask for right now with the introduction of the wall street guys in the market. We may shoot past $20,000 even in upcoming weeks, but nothing is guaranteed. These guys are the manipulators of the highest order and they will try all their best to shake off weak hands and buy back from them until they have a solid position in the market.

[richmcrich]

Are you sure about that !? I don't even think using the word ' Stable' with Bitcoin is appropriate . Both words are completely opposite and I don't think that Bitcoin can stay with an amount for more than 1 day. Even 1 day is very long.

Once Bitcoin crosses 20k I am damn sure that the prices will fall down. Many people will start withdrawing their btc and hence it will lead to drop in prices.

I don’t think that at 20k bitcoin will stabilize because demand varies with respect to time and there is more coming in future so no chance of stability at this moment because everyone is struggling that somehow he can get into the bitcoin and sooner or later wishes of every investor will be completed by bitcoin so don’t think about its stability with this stableness it will be like cash and gold and people will get bored,

[Betwrong]

Thanks for Pizza and Beers but when non-investors will see us enjoying bitcoin delights, won't they be wishing to join us in treat!
Therefore, I don't think after listing on futures and along with series of worthy forks (like Super Bitcoin, etc), bitcoin is going to have any stability. Its demand will rise like before and prices continue to rise which can easily cross $50K during next year.

Yeah, listing in futures may drive us upward in the long run and back or just drive us backwards a bit now and then upwards in the long run. One of this is definitely bound to happen anyway. Demand is something that is expected to rise and we should expect that to really cause some upsurge in value but how long this present rally is going to last is not known yet.

Stability will be a whole lot to ask for right now with the introduction of the wall street guys in the market. We may shoot past $20,000 even in upcoming weeks, but nothing is guaranteed. These guys are the manipulators of the highest order and they will try all their best to shake off weak hands and buy back from them until they have a solid position in the market.

To manipulate Bitcoin price these days you have to risk around a billion USD. It's a tough call even for the manipulators of the highest order, but it's not impossible. So when they do that, don't be the "weak hands", guys. Hold strong because most likely the price will go up pretty soon, when the manipulators will start to buy.