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.

[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.