The markets are finaly stabilizing.

[jdbtracker]

I've been looking at the charts and it looks like we may now have enough participants to average things out properly.
NO more neuronal spikes in the charts.

Mining Fees

Cost per Transaction
Cost % of transaction volume
Total Transaction Fees in USD
Total Transaction Fees

Mining Hash Rate

Hash Rate
Miners Revenue

Average number of Transaction
This is the only worrying aspect of bitcoin at the moment, the transaction volume, it has to be scaled up, we are limiting the scope of our customers.
Larger and larger investors are coming in, and this bottleneck is causing serious problems to get that money in the Blockchain ecosystem.


We may start seeing some true stability now... the wildness has dropped significantly.

[1713875046]

1713875046

[1713875046]

1713875046

[buwaytress]

All I could see in the charts is the new money, even on the counterparty and Waves dexes, the orderbooks are filling up again, my guess is those wondering if the dips would get lower are now finally getting into the market again. Wouldn't say this is the end of short-term volatility though, the way the swings happened without any real rhyme or reason (and no, Korean and Chinese news isn't new, and CBOE futures were all cash settled).

I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.

[jdbtracker]

All I could see in the charts is the new money, even on the counterparty and Waves dexes, the orderbooks are filling up again, my guess is those wondering if the dips would get lower are now finally getting into the market again. Wouldn't say this is the end of short-term volatility though, the way the swings happened without any real rhyme or reason (and no, Korean and Chinese news isn't new, and CBOE futures were all cash settled).

I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.

Agreed, smart investors in crypto don't have the constraints the open market has, they'll be gaming the system no doubt. It is a good vector to consider... and sweet lord, those bots, they are getting good. They are so smart they are becoming dangerous... another thing to consider, they have amalgamations of knowledge and algorithms... those people gaming may be able to play with them without getting Fined.

I figure, if a few futures options are leveraged, it may skew their algorithms, remove all put options and see if it's possible to make them cause a neuronal spike in the BTC investment charts data

Wouldn't mind to see if there is some derivatives action happening with the closest Alt's BTC price.

[Harrow30]

This has been a great relief for me especially. It was funny when the bitcoin was digging and the altcoins were following suit. A real  sigh of relief now.

[Kemarit]

All I could see in the charts is the new money, even on the counterparty and Waves dexes, the orderbooks are filling up again, my guess is those wondering if the dips would get lower are now finally getting into the market again. Wouldn't say this is the end of short-term volatility though, the way the swings happened without any real rhyme or reason (and no, Korean and Chinese news isn't new, and CBOE futures were all cash settled).

I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.

Exactly, that's why I still believed that somewhat bulls are waking up but not all of them. Some are still waiting if the dust that really settled in right now. Looks like bears and bulls are fighting it out, that's why the price is fluctuating around $11,300-$11,700. And yes, we should still be very cautious and not celebrate yet. We need at least few more days and see how everything pans out. And it the prices goes down again, more buying opportunity again for all of us.

This has been a great relief for me especially. It was funny when the bitcoin was digging and the altcoins were following suit. A real  sigh of relief now.

Nice to see the market go green and I'm sure that a lot of us finally have a sigh of relief. Its really intense for you to see the market goes down. I hope you didn't panic sell though. Baptism of fire to you mate, next time you will take it like a pro.  . Just wait it out and see how the market really moves. Not 100% sure that we are still out of the woods, IMHO.

[realcrypto]

I really agree with you that the markets are stabilizing but it will take some weeks for most coin in the market to bounce back or get to it former price.

[darkangel11]

I've recently read a lot of predictions and chart analysis. Most of them were saying that if we cross 12500 USD it will confirm we've defeated the bearish wave, and this is what's going on now. Minutes ago we've broken through 12800 at bitfinex, seems like what you see is going to be our bottom for now. Congratulations to those who managed to buy some cheap coins.
As for the fees, the situation is looking much better thanks to segwit. The number of unconfirmed transactions keeps going down and the fees along with it.

[Lanatsa]

I've recently read a lot of predictions and chart analysis. Most of them were saying that if we cross 12500 USD it will confirm we've defeated the bearish wave, and this is what's going on now. Minutes ago we've broken through 12800 at bitfinex, seems like what you see is going to be our bottom for now. Congratulations to those who managed to buy some cheap coins.
As for the fees, the situation is looking much better thanks to segwit. The number of unconfirmed transactions keeps going down and the fees along with it.

Ive been seeing  the price of bitcoin would really hit or break that resistance level if we do base on technical analysis which would be potentially the new floor and as you said for those people who did manage to buy on the dip will surely benefited on a short period of time and just as expect recovery will really happen sooner or later and for those who panic sell surely regret as of now.Talking about fees I'm glad that its already gradually going back to normal not like on those previous weeks or month.

[Yara1]

Yes that is a good thing, after the dip fall early this week the price is now increasing and we pray it continue like that.

[johnlofar]

Yes. The fall was bad but the recovery seems to be very good.

[btc_angela]

I've recently read a lot of predictions and chart analysis. Most of them were saying that if we cross 12500 USD it will confirm we've defeated the bearish wave, and this is what's going on now. Minutes ago we've broken through 12800 at bitfinex, seems like what you see is going to be our bottom for now. Congratulations to those who managed to buy some cheap coins.
As for the fees, the situation is looking much better thanks to segwit. The number of unconfirmed transactions keeps going down and the fees along with it.

I think more and more people are really moving to segwit because the mempool transactions is really decreasing. Yes, I also read a lot of prediction breaking that $13K will start another rally. Let's see what will it bring tomorrow.

Right now it is still fluctuating and I really hope that we can get above the $13K and somewhat stay there for the time being. However, we all know how volatile the market is, but the sooner we get over the $13K the better for all of us and maybe we can breath some sigh of relief.

[Hell-raiser]

All I could see in the charts is the new money, even on the counterparty and Waves dexes, the orderbooks are filling up again, my guess is those wondering if the dips would get lower are now finally getting into the market again. Wouldn't say this is the end of short-term volatility though, the way the swings happened without any real rhyme or reason (and no, Korean and Chinese news isn't new, and CBOE futures were all cash settled).

I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.

If history teaches us anything, Bitcoin will either continue to trade in a rather narrow range, a few thousand dollars maybe, or go exponential with no major corrections until all short-term profit takers are first completely wiped off and then taken proper care of when they reenter the market at new highs. The same thing is going to occur again and again.

Unless something really bad intervenes, and we crash as much as we have already crashed (in %%).

[Betwrong]

I've recently read a lot of predictions and chart analysis. Most of them were saying that if we cross 12500 USD it will confirm we've defeated the bearish wave, and this is what's going on now. Minutes ago we've broken through 12800 at bitfinex, seems like what you see is going to be our bottom for now. Congratulations to those who managed to buy some cheap coins.
As for the fees, the situation is looking much better thanks to segwit. The number of unconfirmed transactions keeps going down and the fees along with it.

It's nice to see that the fees are two times lower than recently. I think very high transaction fees is what scares off newcomers to Bitcoin and without new adopters Bitcoin can't rise. People who want to buy $100 worth of BTC can't do that with $30+ fees because it doesn't make sense. But we need those people because there are millions and millions of them and their buying, even though it looks small, can make a big difference.

[baxxx]

Finally btc is going Green and altcoins are following nice
Great days are to follow my friends.

[aznboy84]

Yes of course, it is just matter of time until we all are going to be on another +50% from now. I am lucky, yesterday i bought 1000 LINK and i am now in a +30% from that. Everything is being boosted at the moment.

Finally btc is going Green and altcoins are following nice
Great days are to follow my friends.

[jdbtracker]

The transaction fees have been dramatically surge for what reason this be occur bitcoiners?

It feels like the transaction fees could only afford by those who have BTC already than with the person starting in this field, it such a pain if you are enrolled with signature campaign and only paying of 0.001btc and an altcoin the only profit you could make if the altcoin succeed correct me if I'm wrong.

For sure. What happened to the mBTC listings? I figured that this would atleast help to smooth out the market if people could evaluate the best price for their transactions.

[douhancan58]

The market instability in the previous period was due to the influence of South Korea policy!
Now the market is stabilizing and most of the COINS in the market need time.
But we also need to prepare for the decline, because China's policy has not been officially issued!
No one can predict whether the policy is good or not.

[pawanjain]

People are finally getting to know that it was just another dip of BTC. Some even thought that it is dead and would never recover. I personally knew that this is how BTC works and it will soon recover the price. Bitcoin is definitely making some spikes but still there are minor dumps in its price which shows us that it is going healthily through waves. Bitcoin will soon cross $16k and will create another ATH after it crosses $16k.
The average number of transaction is still low for BTC which will still cause issues but then there is nothing we could do but just wait for the LN to be implemented.

[gabbie2010]

The  price couldn't break the support at $9000+  after the dip, thereafter the price rally round and gained some momentum signalling a bullish movement, even with all the FOMOs the price remained stabilized during the week with a brighter future outlook and currently  the price is  already ranging at $12K+.

[fiulpro]

Well it is off course stabilizing but the real deal is if the bitcoins are going to go with this trend , because many investors are considering the option of other Virtual cryptocurrencies as well, etherum and litecoin is now making the .. headlines as the new choice of the investors so we cannot really say that we would be able to see growth in bitcoins.
But still as long as there are people backing it up there won't be any problem , the slower transaction and high rates are really creating a problem now.

[tanxingwo1215]

BTC is falling again due to the influence of Indian Banks.
Why are policies so big on the market?
Was it bitcoin that touched their interests? BTC is prohibited.
BTC is also changing to adapt, why these institutions don't learn to change!

[Anonylz]

If you are talking about the HashPower, the current fees, and the waiting times for the transactions, then i agree with you. Anyway, the price is not stable if that is what you meant.

It is not stable, and no one knows if we are on a bullish trend or just in another bull trap. We just need to give it some time until we can see how the market is moving.

[Betwrong]

IMO Bitcoin would become stable only after it was recognized as a valid currency by most governments and when most people were holding the amount of BTC they wish for. Right now we are not even close to the former or the latter.

Knowing well that the price will be much higher in the future and that Bitcoin is worth buying, big whales manipulate the price to buy as much as they can at the lowest price possible. This process is far from being over.

[buggy]

Agree with you that markets are finally stabilizing. As expected bitcoin will always go back to track and value will go on increasing. Good news to us bitcoiner and always look forward for the positive effect of bitcoin nowadays.

[audrey12]

Not quite I think it's just that the fluctuations are really that small to consider as a major pump and dump. The market are still on its process of changing prices from high to low then vice versa it will not stabilized unless certain regulations will come out to rule the market and have a fix price for all cryptos. I think in few more months we will experiencing again a huge pump and dump as well as new high record.

[Hell-raiser]

IMO Bitcoin would become stable only after it was recognized as a valid currency by most governments and when most people were holding the amount of BTC they wish for. Right now we are not even close to the former or the latter.

Knowing well that the price will be much higher in the future and that Bitcoin is worth buying, big whales manipulate the price to buy as much as they can at the lowest price possible. This process is far from being over.

I don't think such recognition is actually required but it will definitely help Bitcoin greatly. What Bitcoin really needs now is wide acceptance by merchants and shops but this is not possible without fast and cheap transactions. So we need fast and cheap transactions first, then wider acceptance by shops and stores, and finally people using bitcoins as a means of payment. When Bitcoin is no longer used only for wild speculation as it is now, that will help reduce volatility a lot.

[jseverson]

I think more and more people are really moving to segwit because the mempool transactions is really decreasing. Yes, I also read a lot of prediction breaking that $13K will start another rally. Let's see what will it bring tomorrow.

That could be a factor, but unless the major exchanges all adopt Segwit, I don't think adoption by average trader is going to make this dramatic of an improvement. It is quite head scratching how we've had and maintained such a large number of transactions for a month, only for it to drop rapidly in a span of a few days. I obviously can't tell for sure what happened, but I'd say traders are just settling down.

This is good though, because it means Bitcoin is ready for another run. When that will come is anyone's guess though.

[Betwrong]

IMO Bitcoin would become stable only after it was recognized as a valid currency by most governments and when most people were holding the amount of BTC they wish for. Right now we are not even close to the former or the latter.

Knowing well that the price will be much higher in the future and that Bitcoin is worth buying, big whales manipulate the price to buy as much as they can at the lowest price possible. This process is far from being over.

I don't think such recognition is actually required but it will definitely help Bitcoin greatly. What Bitcoin really needs now is wide acceptance by merchants and shops but this is not possible without fast and cheap transactions. So we need fast and cheap transactions first, then wider acceptance by shops and stores, and finally people using bitcoins as a means of payment. When Bitcoin is no longer used only for wild speculation as it is now, that will help reduce volatility a lot.

If fast transactions were cheaper or cheap transactions were faster it wouldn't hurt Bitcoin, that's for sure. But we already had this in the past but still the Bitcoin's volatility was on high level. Yes, merchants would be accepting Bitcoin with more enthusiasm if the transactions issue were solved but I can't see how that would prevent speculation.

[shezu007]

What it means that market is finally stabilizing? If you are taking about BTC price then BTC price is never stabilize  its the main property of bitcoin that price will be always volatile and will be varying with time and due to this property trades are getting chance of doing trading of buying and selling. While if market of BTC stabilize then i think it will lose their alot of customers.

[gwapo.zylle]

As far as I know the market now a days is stabilizing becasue bitcoin is the new trend business in the social network market and I know that people are trying to do a work so that the progress of bitcoin will be assurely free in hassle and it will be in the highest percentage of high level and people will hold on just to be fitted in bitcoin. People are trying to be with bitcoin because we knew that we can get highest advantages that soon we can use for the future and for the better.

[Dread Pirate Roberts]

and now 22 jan back with a fairly high miner fee. I think for a while the bitcoin fee and the price of the bitcoin itself are not significantly up or down.
the total volume trade in of the market exchange I agree its more stable for now.  but about mining of this coin its not stable yet i think . its not significant go to up or down .

[jaaeeeyyyy]

Stabilizing ? Stabilize is a state of being firm which is not applicable on the cryptomarket, as we can see the price moves everyday, every hour and every a couple of minutes it does. It can't be stable as the market is volatile and affected by the demand and supply so its price is increasing and decreasing. Bitcoin cannot achieve stabilizing as it is decentralized in the first place.

[ylnar123]

I've been looking at the charts and it looks like we may now have enough participants to average things out properly.
NO more neuronal spikes in the charts.

Mining Fees

Cost per Transaction
Cost % of transaction volume
Total Transaction Fees in USD
Total Transaction Fees

Mining Hash Rate

Hash Rate
Miners Revenue

Average number of Transaction
This is the only worrying aspect of bitcoin at the moment, the transaction volume, it has to be scaled up, we are limiting the scope of our customers.
Larger and larger investors are coming in, and this bottleneck is causing serious problems to get that money in the Blockchain ecosystem.


We may start seeing some true stability now... the wildness has dropped significantly.

Hopefully bitcoins price become more stable to lessen the worry of some investors. But for me since the price now is low, it is better to buy and invest in bitcoin and wait for it to grow later in this year.

[eternalgloom]

Stabilizing ? Stabilize is a state of being firm which is not applicable on the cryptomarket, as we can see the price moves everyday, every hour and every a couple of minutes it does. It can't be stable as the market is volatile and affected by the demand and supply so its price is increasing and decreasing. Bitcoin cannot achieve stabilizing as it is decentralized in the first place.

Have you even read the original post though? It's not directly talking about price, but about other aspects of Bitcoin which are in fact stabilizing.
And what you're saying about volatility isn't really the case either, volatility has been dropping since 2010, though the last couple of months we have seen a little spike upwards again.



And of course we can see the prices move every day, that's the case with every currency, there wouldn't be a market if that wasn't the case.

[hase0278]

and now 22 jan back with a fairly high miner fee. I think for a while the bitcoin fee and the price of the bitcoin itself are not significantly up or down.
the total volume trade in of the market exchange I agree its more stable for now.  but about mining of this coin its not stable yet i think . its not significant go to up or down .

So long as the transaction volume Bitcoin can handle remains the same, Bitcoin won't stabilize and will continue to be unstable to use and to mine. It needs to scale in order to accommodate more investors coming and investing into bitcoin and to handle their transactions properly. Volume of trade in the market exchange haven't stabilized too but like you said it is more stable now.

[Hell-raiser]

What it means that market is finally stabilizing? If you are taking about BTC price then BTC price is never stabilize  its the main property of bitcoin that price will be always volatile and will be varying with time and due to this property trades are getting chance of doing trading of buying and selling. While if market of BTC stabilize then i think it will lose their alot of customers.

I conceptually agree with your point. The only thing that I want to clarify and perhaps add some light to is that Bitcoin will remain highly volatile as long as it remains mostly a vehicle for speculation. Were it used in real commerce and people would actually spend their coins on everyday shit like they do with dollars and other fiat currencies, that would help stabilize prices greatly. People would see how one bitcoin stands in respect to goods which can be bought with this currency, and it would tranquilize volatility down to a bearable level.

[kevin go]

Bitcoin was near $1000 a year ago in December, it has crossed $19000 mark within a year. This sudden rise was surprising. Soon profit booking started and its slipped down below $10000. Bitcoin again recovered and now settled near $11000. All markets of the world shows down trending in the month of December every year. By the mid of January they recovers and stabilizes to its real price. This happens every year due to festival & xmas season.

[mersal]

and now 22 jan back with a fairly high miner fee. I think for a while the bitcoin fee and the price of the bitcoin itself are not significantly up or down.
the total volume trade in of the market exchange I agree its more stable for now.  but about mining of this coin its not stable yet i think . its not significant go to up or down .

I agree with that the price will not stable till right now it takes some time to stable and the bitcoin value also didn't comes to a stable price , hope the this Confusion's will come to an end soon and the new investors will confuse with that collapse surely bitcoin had a great value in future .

[gabmen]

IMO Bitcoin would become stable only after it was recognized as a valid currency by most governments and when most people were holding the amount of BTC they wish for. Right now we are not even close to the former or the latter.

Knowing well that the price will be much higher in the future and that Bitcoin is worth buying, big whales manipulate the price to buy as much as they can at the lowest price possible. This process is far from being over.

I don't think such recognition is actually required but it will definitely help Bitcoin greatly. What Bitcoin really needs now is wide acceptance by merchants and shops but this is not possible without fast and cheap transactions. So we need fast and cheap transactions first, then wider acceptance by shops and stores, and finally people using bitcoins as a means of payment. When Bitcoin is no longer used only for wild speculation as it is now, that will help reduce volatility a lot.

If fast transactions were cheaper or cheap transactions were faster it wouldn't hurt Bitcoin, that's for sure. But we already had this in the past but still the Bitcoin's volatility was on high level. Yes, merchants would be accepting Bitcoin with more enthusiasm if the transactions issue were solved but I can't see how that would prevent speculation.

Volatility is an aspect of crypto that would be hard to tske away so i don't think we can expect the market to really stabilize. These up and down movement defines what cryptoccurrencies are and this is how traders make money.

[mOgliE]

Hi,

Indeed, this can really be interesting. It can also be kind of a threat... But let's not focuse only on "bad" aspects.

If the market manage to reach stability (more or less), then it means that potentially, bitcoin can become a daily currency. Just because the price is rather fixed, just like with any other fiat currency.

So, I actually think that's a great news. It means new challenges to face but also new opportunities, new possibilities!

[Hell-raiser]

And what you're saying about volatility isn't really the case either, volatility has been dropping since 2010, though the last couple of months we have seen a little spike upwards again.



And of course we can see the prices move every day, that's the case with every currency, there wouldn't be a market if that wasn't the case.

To tell the truth, I don't think we can compare the volatility of 2010 with what we have today. The reason is rather straightforward. Back in the day the monetary supply of new coins relative to the total amount of coins in circulation was very high, so volatility was sort of a given back then. Today is different. New coins make up only a small percentage and thus what we see these days can be loosely called a pure, pristine form of volatility mostly free of disturbances due to the influx of new coins.

[ViolaMarantina]

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

and also, this calm wave will be break probably in mid year

[coolcoinz]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

[Dudeperfect]

It seems like market stabilizing but I don't think that it will continue in this position for a longer term and I am expecting a positive momentum after the first quarter of this year and it will keep growing in the rest of the year. Current price fall is a result of price rally of the previous year and considering the world's perception and media coverage as well as social media sentiments I am sure about the increase in the user base and indirectly in the price. but this time we cannot ignore the altcoins too.

[bitllionaire]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

i am not expecting that the price of bitcoin will not come down below 10000$, i think that this time when the price of bitcoin will start increasing we will see the price of bitcoin trading above 20000$, although the bitcoin price is currently decreasing but still we can see that investors are not selling bitcoin. They are still holding bitcoin and hoping that bitcoin price will start increasing again.

[bob3772]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

i am not expecting that the price of bitcoin will not come down below 10000$, i think that this time when the price of bitcoin will start increasing we will see the price of bitcoin trading above 20000$, although the bitcoin price is currently decreasing but still we can see that investors are not selling bitcoin. They are still holding bitcoin and hoping that bitcoin price will start increasing again.

It's quite a logical assumption that we will find the bottom again higher than we did last time, probably above $10k and that this time then there will be more confidence in a recovery. The questions will start to arise if we go to a new low, beyond the ~9500 of last time. That's when panic could set in and we could really be in to murky waters.

[MMA]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

i am not expecting that the price of bitcoin will not come down below 10000$, i think that this time when the price of bitcoin will start increasing we will see the price of bitcoin trading above 20000$, although the bitcoin price is currently decreasing but still we can see that investors are not selling bitcoin. They are still holding bitcoin and hoping that bitcoin price will start increasing again.

It's quite a logical assumption that we will find the bottom again higher than we did last time, probably above $10k and that this time then there will be more confidence in a recovery. The questions will start to arise if we go to a new low, beyond the ~9500 of last time. That's when panic could set in and we could really be in to murky waters.

I hope this time the 10000$ level will not break again, people have good expectation from bitcoin price and therefore they are still holding it, i do not think that there is are such bad news in market which can cause the price of bitcoin to dump but its just a psychological barrier and hope that once people will get confident then the price of bitcoin will once again start increasing.

[Betwrong]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader  
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

i am not expecting that the price of bitcoin will not come down below 10000$, i think that this time when the price of bitcoin will start increasing we will see the price of bitcoin trading above 20000$, although the bitcoin price is currently decreasing but still we can see that investors are not selling bitcoin. They are still holding bitcoin and hoping that bitcoin price will start increasing again.

It's quite a logical assumption that we will find the bottom again higher than we did last time, probably above $10k and that this time then there will be more confidence in a recovery. The questions will start to arise if we go to a new low, beyond the ~9500 of last time. That's when panic could set in and we could really be in to murky waters.

I hope this time the 10000$ level will not break again, people have good expectation from bitcoin price and therefore they are still holding it, i do not think that there is are such bad news in market which can cause the price of bitcoin to dump but its just a psychological barrier and hope that once people will get confident then the price of bitcoin will once again start increasing.

I agree with you. There are two reasons actually why the price of BTC is going down these days. The first one is what you described as a psychological barrier which is hard for many newcomers to push through. Knowing that price of Bitcoin was staying at much lower levels for years it's hard to believe that $20k is just another step up and that BTC can go up further. Some people, newcomers especially, think it was a peak from where there's only one way, down. But they are wrong and it wouldn't hurt them to know the second, and probably the main reason of the current bloodbath in the world of crypto. Big whales want to collect more coins and being smart they do everything they can to lower the price so they could buy more for the same amount of fiat.

[fredo123]

Finally the market are stabilizing, but my concern is that how long could bitcoin maintain its stability, since we all know the highest amount was at a bracket 18k to 19k$. I buy bitcoins when the amount is in 17k, How i wish i could get back my capital. That is my biggest lose so far:(

[Bigpiggy01]

Finally the market are stabilizing, but my concern is that how long could bitcoin maintain its stability, since we all know the highest amount was at a bracket 18k to 19k$. I buy bitcoins when the amount is in 17k, How i wish i could get back my capital. That is my biggest lose so far:(

It depends on how you structure your investment. I always average my purchase price over time and compare that to the market. Are you counting the BTG amd BCH splits as well?
Plus when you see wild spikes, having x % of holding sitting on the orderbooks somewhere to buy the following dip is never a bad idea. I sold Y @15k then covered some of that at 13 and am covering more now.
Buy and HODL 100% is just insanity.
The % you keep on the orderbooks needs to be constantly adjusted to prevent losses from getting out of hand and stimulate additional growth.

[@prashant]

Yup it will go one more correction before btc future contract end on jan 26,i am expecting a pump towards 20k-25k in feb-march .these corrections are normal and happen every year but crypto regain with much more pump and dump.

[jointherevolution]

Yup it will go one more correction before btc future contract end on jan 26,i am expecting a pump towards 20k-25k in feb-march .these corrections are normal and happen every year but crypto regain with much more pump and dump.

I've seen the charts of Bitcoin during the same time every year and it always experiences a big dip. Based on that, I don't know whether we're out of the woods yet so I'm inclined to agree with you.

[googs84]

I think we are still far from that ground breaking thing which we expect to happen everyday. But I don't think we have averaged anything yet because just look at the market today and the number of pending transaction over the blockchain.

If these things don't wrap up soon enough then people might just switch over to currency like ETH or LTC and make them master piece of this year. In technical way we have to workout the math.

[onrise]

Yup it will go one more correction before btc future contract end on jan 26,i am expecting a pump towards 20k-25k in feb-march .these corrections are normal and happen every year but crypto regain with much more pump and dump.

At present it seems that it will fall back below 10k as currently it is around 10300. It can even test 9k levels and go to 8k if does not found the resistance. January are like his only and as usual people would be doing panic sell and suddenly the market will boom and rise within few days to 12 - 13k after this fall.

[zarados]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

i am not expecting that the price of bitcoin will not come down below 10000$, i think that this time when the price of bitcoin will start increasing we will see the price of bitcoin trading above 20000$, although the bitcoin price is currently decreasing but still we can see that investors are not selling bitcoin. They are still holding bitcoin and hoping that bitcoin price will start increasing again.

The current continued decline could be due to CME's first bitcoin contract that will expire on january 26. So that the owners of cryptocurrency thought that the decline that occurred 2 weeks ago will be repeated. I also hope the bitcoin price is no longer back at the point below $ 10k, because if that happens, most likely $ 8k will be the next down point. Today's chart shows $10050 as the lowest price.

[Hell-raiser]

It looks like we are going back to confirm the bottom. Honestly I wasn't expecting it to start going down again like that but it will either stop before the previous bottom or touch it and go back up.

calm before the storm
i think this consolidation moves will last longer
but i think in this condition is not good for trader 
good waves is good gain and also high risk

We've just witnessed the storm last week!

and also, this calm wave will be break probably in mid year

In which direction?

i am not expecting that the price of bitcoin will not come down below 10000$, i think that this time when the price of bitcoin will start increasing we will see the price of bitcoin trading above 20000$, although the bitcoin price is currently decreasing but still we can see that investors are not selling bitcoin. They are still holding bitcoin and hoping that bitcoin price will start increasing again.

The current continued decline could be due to CME's first bitcoin contract that will expire on january 26. So that the owners of cryptocurrency thought that the decline that occurred 2 weeks ago will be repeated. I also hope the bitcoin price is no longer back at the point below $ 10k, because if that happens, most likely $ 8k will be the next down point. Today's chart shows $10050 as the lowest price.

I don't think Bitcoin futures have anything to do with the current price decline.All such futures are cash settled, and they don't require real bitcoins to be delivered on the contract expiry. Moreover, you don't even get your profit credited to your account on the expiry day, if there is any, of course.

In fact, your account is settled at the end of each day you have a contract and at some exchanges even twice a day. This process is called clearing. As it stands, there is no way cash-settled futures can affect real prices. Basically, all they do is track the prices at some other major exchange where real bitcoins are traded.

[olubams]

I've been looking at the charts and it looks like we may now have enough participants to average things out properly.
NO more neuronal spikes in the charts.

Mining Fees

Cost per Transaction
Cost % of transaction volume
Total Transaction Fees in USD
Total Transaction Fees

Mining Hash Rate

Hash Rate
Miners Revenue

Average number of Transaction
This is the only worrying aspect of bitcoin at the moment, the transaction volume, it has to be scaled up, we are limiting the scope of our customers.
Larger and larger investors are coming in, and this bottleneck is causing serious problems to get that money in the Blockchain ecosystem.


We may start seeing some true stability now... the wildness has dropped significantly.

The statistics you have is just for the last couple of days and its on an average which is not enough to conclude that we have achieved an equilibrium position because at times when things are down, its assume that stability has been achieved which would be a wrong conclusion because the market is still subjected to high level of growth that we don't even know about. What we should do is to play along, invest when you can and wait till the times peak activities will return.

[dogandogru]

Volatility has been decreased in last few days and now Bitcoin seems like stabilizing @ $10k-12k now. Experts say that BTC price is pulling down because of CME future short trading and FUD created in South Korea about Bitcoin ban.

[Captain_Planet]

Unfortunately they are still not stabilizing, The prices are still still just over 10K for bitcoin and rest of the alts are also close to bleed.

[jdbtracker]

 Previous volatility has to be taken into account, it was very wild in the beginning $1 to $1200 that's huge, 500 to 20,000? not that bad.

 Look at the smaller coins with million dollar caps, they are very unstable. The time required to make a position, the number of positions available, the number of participants capable of a position, the average value of each position, average position of knowledgeable participants and most importantly of all the negative correlation of participants exiting the system.

The statistics you have is just for the last couple of days and its on an average which is not enough to conclude that we have achieved an equilibrium position because at times when things are down, its assume that stability has been achieved which would be a wrong conclusion because the market is still subjected to high level of growth that we don't even know about. What we should do is to play along, invest when you can and wait till the times peak activities will return.
   

Look at the cost of the transactions, it has become 1% of all the transactions and that 1% is $100 American dollars, this is showing the strength of the position of participants, how much are they willing to put to be part of this? They are hedging my friend, they are borrowing from the banks to get in on this. The miners have seen a massive boost in profits, What are they going to invest in to maintain their edge?
 The hashrate is defending hundreds of merge mined coins, their profits are way bigger than they look, the technology R&D being dropped into this is going to be staggering. But it's only staging, me are still at the whim of the confidence of participants, their average investment and regular participation... if they can't buy something with any of the blockchain coins.. that's it we are screwed.

[Dragon5]

Previous volatility has to be taken into account, it was very wild in the beginning $1 to $1200 that's huge, 500 to 20,000? not that bad.

 Look at the smaller coins with million dollar caps, they are very unstable. The time required to make a position, the number of positions available, the number of participants capable of a position, the average value of each position, average position of knowledgeable participants and most importantly of all the negative correlation of participants exiting the system.

The statistics you have is just for the last couple of days and its on an average which is not enough to conclude that we have achieved an equilibrium position because at times when things are down, its assume that stability has been achieved which would be a wrong conclusion because the market is still subjected to high level of growth that we don't even know about. What we should do is to play along, invest when you can and wait till the times peak activities will return.
   

Look at the cost of the transactions, it has become 1% of all the transactions and that 1% is $100 American dollars, this is showing the strength of the position of participants, how much are they willing to put to be part of this? They are hedging my friend, they are borrowing from the banks to get in on this. The miners have seen a massive boost in profits, What are they going to invest in to maintain their edge?
 The hashrate is defending hundreds of merge mined coins, their profits are way bigger than they look, the technology R&D being dropped into this is going to be staggering. But it's only staging, me are still at the whim of the confidence of participants, their average investment and regular participation... if they can't buy something with any of the blockchain coins.. that's it we are screwed.


I completely agree that we suffer lack of confidence, it seemes to be the main problem, actually. Still, there are also "participants" who benefit from destabilising and gain more evoking panic among BTC holders - they hysterically start to sell

[Sled]

I agree to this thread. The market is stabilizing because if the market is not stabilize then despite of all the FUDs then the  price will go down and not just stay to a fixed range which is the reality and what is happening right now. The price of the coins are now stabilizing and showing some strong supports that saying that even though there are FUDs they are not easily to get beaten.

[len23]

Good news,finally little by little bitcoin is recovering from its dip,all of us are happy to hear that news.Just think positive that it will recover it's peak.

[moneyangel]

Yes. The markets are now stabilizing after those serious bleeding as all coins were on red colors. We can now breathe a little as we continue to hold and keep believing in bitcoin. I'm expecting that bitcoin will rise again this year.