Bitcoin Stabilizing At $20K

[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.

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[d5000]

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.

I don't know if I fully get what you mean, but holidays are definitively relevant if you want to get into Bitcoin, because banks won't transfer your funds (in most countries) and many exchanges wouldn't credit fiat balances.

This year, December 24 and 31 (not holidays, but also not full working days in many countries) however take place on Sundays, so the effect will be less strong than at other years where all holidays are during the week.

[Betwrong]

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.

That's interesting and two weeks later we'll see whether it's true or not, but I think you have a point. Indeed many Bitcoin holders sell some of their coins not because they think Bitcoin will fall in the future, but because they need fiat money at the moment. When those people have enough money they don't sell BTC and since the demand is rising so is the price.

I know that $20k looks like a reasonable figure to stabilize at, but so have been other figures, $50, $200, $2k etc. Bitcoin is unpredictable except that we can say the highest limit of its price which is $4,000,000 with today's purchasing capacity of USD. Bitcoin will reach it in case it replaces all the money in the world.

[Wilhelm]

Looking at the absurd increases and mega volatility in the last days .... how can you call this stabilization !??! 

[Granxis]

If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.

[Barbut]

If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.

Your comment is contradiction, if bitcoin price became fixed on 20.000$ and after that all companies and organization start to accept it price will go up again cause of rising demand, that is economy law.  I doubt that bitcoin will have stable and fixed price, fixed not a chance, but stability with little fluctuations is possible. Little in a way that price can't go up or down in thousands of dollars, movement can be 10$ up or down and that would be only stability that bitcoin can get.

[jjacob]

If Bitcoin is fixed at $ 20,000, it will be accepted by all companies and organizations in a very short time. If companies accept, governments start accepting, because there are very tight links between governments and companies, this is the same in every country.

Your comment is contradiction, if bitcoin price became fixed on 20.000$ and after that all companies and organization start to accept it price will go up again cause of rising demand, that is economy law.  I doubt that bitcoin will have stable and fixed price, fixed not a chance, but stability with little fluctuations is possible. Little in a way that price can't go up or down in thousands of dollars, movement can be 10$ up or down and that would be only stability that bitcoin can get.

The stability you talk about is more than enough. Currencies of countries fluctuate in value and there is a floating rate between currencies. People don't mind some small fluctuations. It is this rapid intraday volatility that people cannot stomach.

[CryptoCurr]

Bitcoin price started dropping in the late hours. it is currently stabilized between $18-19k.