Bitcoin Stabilizing At $20K

[MoonJeina]

I wouldn't say that bitcoin must stabilize at $20k . There is still a lot of potential growth for bitcoin .
But this might be the time bitcoin must stabilize for sometime at $20k . With the increase and high volatility people are loosing the trust and fearing a potential bubble . That is why if it grows slowly from now that would be best approach for bitcoin . The market cap has become so conjusted that due to lightining speed of bitcoin the number transaction delays are at its peak . So this might  be a time to take it easy for some time.             

[Rahar02]

$20K is achievable for sure, but to stabilize at this rate maybe takes few weeks or even months due to price volatility and market activity across the global exchange influenced by regulations and development.
How about bitcoin futures affect bitcoin price? It just has a small effect on bitcoin as the contract just using dollars and there is no any bitcoin involved unless contract holders decide to manipulate the market in some ways such as invest Millions of dollars in bitcoin and then dump it after bitcoin reach a higher price.

[omonuyak]

As Bitcoin is now considered as a legitimate asset or a store of value on the same level (or should I say higher?) as that of the physical gold, stocks, established international currencies like US Dollar and the likes as well as traditional derivatives, maybe it is time to celebrate for some pizza (see above) and some bottle of beer (see below).

With the introduction of the Bitcoin Futures, am wondering if there is a possibility that eventually Bitcoin would be stabilized at the $20,000 level for years all because the futures are putting the restraints and ceiling to its growth?  

Actually, I do not have any problem if that can be case...but do you think many would still be investing with Bitcoin when the rate can be stable? We all know that majority of us in Bitcoin are here all because we are speculators first and foremost.

What is your opinion on this scenario? Bur before that...let's have some beer first!

Bitcoin is going to break  $20,000 and heading toward  $25,000 after 17 of November 2017 and we expect the bitcoin futures to impact Bitcoin price seriously. I have been following Bitcoin price since last year and stability of pricing is far from achieving. This bullish momentum is going to continue until Bitcoin get to the level when governments is going to have interest in it and maybe start to influenced the price.

[Whosdaddy]

I really hope in the long run, people get to understand the essence of what bitcoin really is useful for and not just as an asset. It could stabilize and it could not, but if we see how people tend to perceive it and then we do not end up seeing the rocket demand for it as a result of it being an asset, and FOMOs trying to rush in, then we may attain some stability. With the look of things though, I do not see how that is possible at $20,000.

[el kaka22]

In near future we will see bitcoin price of 20k $, that is inevitable or at least that is what i think. Because every day number of bitcoin supporters and investors is rising. But I think that it is not possible for price to be limited on 20000$. One of main reasons for that, is that bitcoin price will always rise because of bitcoins limited number and difficulty of mining. The moment when we could expect steady price, is when people start using bitcoin as currency and not as investment.

Absolutely impossible. The fact is that no one knows the peak of bitcoin, but can we really say if it has a peak or not? So far so good, investors and the wall street guys have really shown some pretty huge influence on the market, and that definitely calls for the value increasing further and your last statement really says it all, but even when that time comes, demand will increase the more.

I think Bitcoin price will be $20.000 end of 2017.

I am very optimistic it may be more than that, otherwise we should expect some bear thugs kicking in. This is a period we have all been waiting for, and now that we are in with the futures, even though theirs is a totally different market, but it would still have some major impact in the crypto world in the long run. I am sure things would change a lot but we just cannot do much than to keep watching.

[oegarod]

Possibly reaching certain price, the correction takes place. In a similar manner reaching $20000 too can expect a price correction that might make the price fall in value and starts to grow further taking the price grow above $20000 again. Stabilizing is to gain momentum for a push to reach bigger price.

[Drixy]

As Bitcoin is now considered as a legitimate asset or a store of value on the same level (or should I say higher?) as that of the physical gold, stocks, established international currencies like US Dollar and the likes as well as traditional derivatives, maybe it is time to celebrate for some pizza (see above) and some bottle of beer (see below).

With the introduction of the Bitcoin Futures, am wondering if there is a possibility that eventually Bitcoin would be stabilized at the $20,000 level for years all because the futures are putting the restraints and ceiling to its growth?  

Actually, I do not have any problem if that can be case...but do you think many would still be investing with Bitcoin when the rate can be stable? We all know that majority of us in Bitcoin are here all because we are speculators first and foremost.

What is your opinion on this scenario? Bur before that...let's have some beer first!

http://bitcoinreport.com/wp-content/uploads/2013/08/german-beer-bitcoin.jpg

Great question, very relevant.
Holders back in 2011, 2012 etc had no problem holding even when the price was stable for a while, because they truly believed in the original idea behind Bitcoin, and were thinking long term.
These days are perhaps not over yet, but let's be honest, there are loads of people now buying Bitcoin to make a quick profit, they don't understand the concept and will sell as soon as possible.
This is a personal opinion but I believe the drop in price last two days is due to big investors buying at 10,000 because of the hype, and selling at 15,000... I mean they know nothing about cryptos, but made a 50% profit in two weeks time, can you blame them?

Indeed you cant blame them were different. Every people is different so as the attitudes. Those who your describing is the multi-millionaire that dosnt  really mind waiting. But those who doesnt really care about the proper handling of bitcoin and the patience included.These holding with long time waiting or a long term might have disadvantages on bitcoin but not too much than trading or altcoin trading although it has good profits but only quicker than usual.

[raven7886]

Dunno about 20k.

Like 3 weeks ago nobody would believe, that BTC could cross 10k before Christmas. and now we are at 18k... . You really can't tell what's going to happen in net 48 hours on this market.

Yeah, No one can really tell. We can only assume and imagine what we feel could happen, but that does not mean what would end up happening will still not happening. Right now, it is a long clip and only those who are patient enough may end up seeing the end of the clip but stability at $20,000, I won't see that coming at all as it does not sound possible.

Once the next bull run starts, I am sure we may actually go past that $20k and even test $25k. Stability is not even something we should be expecting now. Bitcoin is about to get known the more and then we will end up seeing even more people who have been skeptical to invest trying to rush in to be a part of what they consider as an asset without even bothering to know the true value of it.

[Niveus]

Haha, two weeks ago I hoped that bitcoin would stabilize at around $10.000. I had to get an annual bonus at work and planned to invest it in bitcoin. But the last few days have changed my plans 

[tobson2]

I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.

[mace15]

I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.

Maybe there will be a drops down of the price a correction possibly may take place but not that long. We dont know yet the market if this will be stabilizing at $20k. We should be ready of the up and down because market is volatile.

[greensheep]

Really unpredictable these days, last end of year we reached an all time high with a pullback afterwards, maybe we can do it over again this year

[Domenc]

Really unpredictable these days, last end of year we reached an all time high with a pullback afterwards, maybe we can do it over again this year

There is no pull back for now and further bitcoin is not showing so much signs that it will be stabilized at $20k. It is the same way of speculating like we did when Bitcoin’s value crossed $8k and everyone thought that now it may remain stable, but results are in front of you. Bitcoin is highly unpredictable, there are chances that bitcoin may become subject to correction at $25k or even $30k, anything is expected in this game but speculating at $20k likely to have less possibility as bitcoin is going to rise more before coming to rest for now.

[vainhaver]

why price stable at 20k$? why price moving fast after braking 10k$?

it is impossible to stable after breaking 10,000$ now any 1$ will effect in price like put 1000 KG on a boat

[1Referee]

Haha, two weeks ago I hoped that bitcoin would stabilize at around $10.000. I had to get an annual bonus at work and planned to invest it in bitcoin. But the last few days have changed my plans 

Changed in the way that you aren't investing anymore? Or else explain. This Sunday (or Monday, depending on where you live) we'll be having CME future markets go live, which is a much larger operation than CBOE. It might turn out to result in a few active upcoming days as people are eagerly looking forward to what they have to bring to the table. If the market shoots up, you will regret not having bought at current levels, even while that wasn't your initial plan. If the price happens to go down a bit, you'll get to buy more Bitcoins for you fiat bonus. Initially it looked like the market was consolidating, but we'll see how much of this consolidation is left once CME enters the game. I already look forward to how many times they will be halting the future markets due to the volatility.

[d5000]

Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.

Hey, a bullish argument I never saw here in my Legendary lifetime   . Congratulations! It's not totally bad, I think.

However, I think the influence on Christmas/New Year itself will be limited - there are too many holidays where no fiat can be sent to (conventional) exchanges, and many people travel for vacations, in both hemispheres. So both effects would neutralizing themselves.

However, I don't discard a small effect - especially after the holiday time, because people can obviously read about Bitcoin on the beach or after skiing. It would be, however, not enough to move the price away from the $20K corridor.

[Oceat]

Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.

Hey, a bullish argument I never saw here in my Legendary lifetime   . Congratulations! It's not totally bad, I think.

However, I think the influence on Christmas/New Year itself will be limited - there are too many holidays where no fiat can be sent to (conventional) exchanges, and many people travel for vacations, in both hemispheres. So both effects would neutralizing themselves.

However, I don't discard a small effect - especially after the holiday time, because people can obviously read about Bitcoin on the beach or after skiing. It would be, however, not enough to move the price away from the $20K corridor.

There is no special holiday of Bitcoin, the fluctuation and prices are driven by the users who buy and sell and no one could ever make a special season for Bitcoin. The same applies too in gold and any other jewelries that are being sold but i guess an auction could make a change about it. As for now people are very busy for their christmas events wherever they are.

[Trela]

As Bitcoin is now considered as a legitimate asset or a store of value on the same level (or should I say higher?) as that of the physical gold, stocks, established international currencies like US Dollar and the likes as well as traditional derivatives, maybe it is time to celebrate for some pizza (see above) and some bottle of beer (see below).

With the introduction of the Bitcoin Futures, am wondering if there is a possibility that eventually Bitcoin would be stabilized at the $20,000 level for years all because the futures are putting the restraints and ceiling to its growth?  

Actually, I do not have any problem if that can be case...but do you think many would still be investing with Bitcoin when the rate can be stable? We all know that majority of us in Bitcoin are here all because we are speculators first and foremost.

What is your opinion on this scenario? Bur before that...let's have some beer first!

http://bitcoinreport.com/wp-content/uploads/2013/08/german-beer-bitcoin.jpg

Great question, very relevant.
Holders back in 2011, 2012 etc had no problem holding even when the price was stable for a while, because they truly believed in the original idea behind Bitcoin, and were thinking long term.
These days are perhaps not over yet, but let's be honest, there are loads of people now buying Bitcoin to make a quick profit, they don't understand the concept and will sell as soon as possible.
This is a personal opinion but I believe the drop in price last two days is due to big investors buying at 10,000 because of the hype, and selling at 15,000... I mean they know nothing about cryptos, but made a 50% profit in two weeks time, can you blame them?

Indeed you cant blame them were different. Every people is different so as the attitudes. Those who your describing is the multi-millionaire that dosnt  really mind waiting. But those who doesnt really care about the proper handling of bitcoin and the patience included.These holding with long time waiting or a long term might have disadvantages on bitcoin but not too much than trading or altcoin trading although it has good profits but only quicker than usual.

Sometimes, I thought the people around me are really funny! They did not trust Bitcoin when me tell it and tried to explain they know the opportunity to become the rich through investing in Bitcoin. After all, when the price of Bitcoin reached $10,000 they find me and want to learn the knowledge make money from Bitcoin because they think me was the rich from Bitcoin .

[batang_bitcoin]

why price stable at 20k$?

It says stabilizing at $20,000 so it means that it's starting to get ready to land on that price.

why price moving fast after braking 10k$?

This is the unstoppable question of many even outside the forum and the answer is because of it's high demand, no other reason behind that.

it is impossible to stable after breaking 10,000$

It may look impossible but it's going to happen and you'll see it after few weeks or on the first quarter of 2018.

[Superzpay]

I doubt that there will be a stabilisation in the market in the next 14 days. Especially christmas time is in my opinion unpredictable as a lot of people have time, browse around and may have a first look in the crypto scene.

Yes in the holidays it is true that the price of it may increase much higher because in that many people will get their salary in advance and they will not sell their bitcoin for their needs and they will have a good time at home to search for further investments so on internet they will find bitcoin blooming and they will definitely invest in bitcoin and these are the factors to increase the price of bitcoin much faster.