Why is bitcoin price so stable in 2018?

[light22man]

I think bitcoin just tired after rally from 5k to 20k. He need some time to rest, so 10-12k good level for that. Also we still in down-trend movement, but what I know that  price moving in circle and BTC will be back.

[Digital Mutant]

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Wait! Did you just say $10k is an affordable price for newcomers? Can they even think of buying a whole Bitcoin?

Thanks a lot for the brief explanation, it confirms my intuitions.

About bitcoin price it is a complex argument, I am going to do a different thread to discuus the topic.
The point is not only in therms of price, but also in therms of time.

If we create a function to determine trajectory, acceptance and price of bitcoin in the short/middle therm we should use:

which kind of people is investing in bitcoin
which is thier medium annual income
which country they are from
why they invest (believe/speculation)
Education in blockchain
Their job etc etc

But the most important variable is when they enter and how much fiat money they have invested and it is curious, because the price is in fiat money and it is fixed in the moment you buy bitcoin for the first time.

But how much is $10k if the next year 1 Bitcoin will be for example $54k?

The entire economy can change so rapidely that we couldn't even notice it (and I think is happening right now).

This is the magic of bitcoin, it's blowing the mind of many people and for this reason the perception of $10k is very relative in function of the vision you have in your mind.

[Protected101]

Definitely for now bitcoin is not stable,it was normal that last december 2017 investors cash out their money due to in need for the holidays but suddenly until right now they did returned it maybe for some due reasons.But it was normal bitcoin can never be stable for so long its always flactuates and I think we just wait for the increasing of it.

[mersal]

Definitely for now bitcoin is not stable,it was normal that last december 2017 investors cash out their money due to in need for the holidays but suddenly until right now they did returned it maybe for some due reasons.But it was normal bitcoin can never be stable for so long its always flactuates and I think we just wait for the increasing of it.

When comparing to 2017 the price of bitcoin is up and down it is because of not stability in bitcoin and the investors also panic with the results of bitcoin soon all confusion will definitely clear the bitcoin investment and trading is continue without confusion on the mind of people .

[komjhq]

Definitely for now bitcoin is not stable,it was normal that last december 2017 investors cash out their money due to in need for the holidays but suddenly until right now they did returned it maybe for some due reasons.But it was normal bitcoin can never be stable for so long its always flactuates and I think we just wait for the increasing of it.

When comparing to 2017 the price of bitcoin is up and down it is because of not stability in bitcoin and the investors also panic with the results of bitcoin soon all confusion will definitely clear the bitcoin investment and trading is continue without confusion on the mind of people .

I think that they have the current situation for Aladdin today but also the minds are cut off and will begin to understand that because of such instability, Bitcoin can not be a means to pay for purchases of goods or services. you can analyze the last month, in which Bitcoin rises very slowly from the bottom mark and hardly crosses the line of 12,000 dollars. This situation in my opinion will last a very long time.

[carriebee]

I think bitcoin just tired after rally from 5k to 20k. He need some time to rest, so 10-12k good level for that. Also we still in down-trend movement, but what I know that  price moving in circle and BTC will be back.

Bitcoin price stay at this current rate because some trades or diverisify in altcoins. It is not tired rather bitcoin have its time in downtrend and it will uptrend anymoment. I can see bitcoin will be in momentum to go high so I am waiting for it to happen.

[bryant.coleman]

Who told you that the prices are stable? Even now the prices are either going down or up by as much as 10% in a single day, and there is enough opportunity for the day-traders to earn significant amount of profits. This scenario is likely to continue in February as well, as there is not going to be any big news regarding cryptos.

[JC btc]

Who told you that the prices are stable? Even now the prices are either going down or up by as much as 10% in a single day, and there is enough opportunity for the day-traders to earn significant amount of profits. This scenario is likely to continue in February as well, as there is not going to be any big news regarding cryptos.

Maybe there was and error with his question or he was relying to the value of the bitcoin this January which ranges around $10k-$11k..
The price of bitcoin this month is not the basis that is stable, you are right that price really not stable but that doesn't mean that it is not worth to invest in it.

[cherryfer]

What do you think is happening?

Is people hoding less their coins?

Is there more manipulation by big whales, speculators or big institutional investors trying to profit the flavour of the moment?

I feel that there are big players "pumping and dumping" in order to manipulate the market to stabilize price and "control" in a certain way the price fluctuation.

Obviously bitcoin is very dangerous for our old corrupted economy, don't you think that in acertain way there's an unusual stop of the past few months trend?
After reaching $20k there's a correction to $17k and then price stabilizes at 11-12k with mini-dips that last seconds before going uptrend...

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Or maybe it's all ok, there's no manipuation, it is a stanby before the big run to $50k-100k. Then newcomers will start buying and trading in Ethereum or Litecoin, because at the moment there aren't exchanges accepting fiat money, you have to enter and buy your altcoins directly with cryptocurrencies...

Which in your opinion are the main reasons?

If it will happen Bitcoin price become stable. I'm sure there is manipulating the virtual blackchain market, because ever since people know that because of many traders in and out that's why flactuation of price because of it. For me if it is going to happen price become stable no reason why we stay in Bitcoin business

[brightLIFE]

What do you think is happening?

Is people hoding less their coins?

Is there more manipulation by big whales, speculators or big institutional investors trying to profit the flavour of the moment?

I feel that there are big players "pumping and dumping" in order to manipulate the market to stabilize price and "control" in a certain way the price fluctuation.

Obviously bitcoin is very dangerous for our old corrupted economy, don't you think that in acertain way there's an unusual stop of the past few months trend?
After reaching $20k there's a correction to $17k and then price stabilizes at 11-12k with mini-dips that last seconds before going uptrend...

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Or maybe it's all ok, there's no manipuation, it is a stanby before the big run to $50k-100k. Then newcomers will start buying and trading in Ethereum or Litecoin, because at the moment there aren't exchanges accepting fiat money, you have to enter and buy your altcoins directly with cryptocurrencies...

Which in your opinion are the main reasons?

Because its New YEAR and should buy first before hold right? This is great opportunity for us to buy since it is still first month of 2018, the opportunity to buy more bitcoin and the opportunity to hold it because I am sure soon it will going to rise and pump again and every holders will become happy again. Well I hope I am one of them since I am still starting bitcoin and trading. Its good  for me to start with small amount or price of bitcoin and I now it will going to explode soon and all investors are going to sell their bitcoin as much as they become already satisfied on the price.

[noormcs5]

So it will better to buy right now. Let them sell all their coins and I hope they regret it afterwards.
I believe in holdinhg it. Somehow there will be a big pump this year.

About the stability.
We just got used to a higher number of pumps and dumps and now we are thinking it is already in moderation.
But it is not. 300-400 dollars is a lot of movement.

Yes, the price is quite a bit stable between 10K to 13K and keep between this range. I have heard from many sources and almost every one say that bitcoin will be 100,000K or even more value this year. So if this is true and it really happens, then this price of only 12K *current price" is a very good price to but a lot of bitcoins. Its still cheap if you compare it with 50 - 100K range.

[gabmen]

What do you think is happening?

Is people hoding less their coins?

Is there more manipulation by big whales, speculators or big institutional investors trying to profit the flavour of the moment?

I feel that there are big players "pumping and dumping" in order to manipulate the market to stabilize price and "control" in a certain way the price fluctuation.

Obviously bitcoin is very dangerous for our old corrupted economy, don't you think that in acertain way there's an unusual stop of the past few months trend?
After reaching $20k there's a correction to $17k and then price stabilizes at 11-12k with mini-dips that last seconds before going uptrend...

In my opinion the key factor could be also that if bitcoin reaches $30-50k then it will be very difficult for newcomers to buy bitcoin for buying altcoins in the exchanges.

So that stabilizing the price to an affordable $10k for a while could be a way to engage more people to bitcoinworld.

Or maybe it's all ok, there's no manipuation, it is a stanby before the big run to $50k-100k. Then newcomers will start buying and trading in Ethereum or Litecoin, because at the moment there aren't exchanges accepting fiat money, you have to enter and buy your altcoins directly with cryptocurrencies...

Which in your opinion are the main reasons?

I'd like to think about it as a purge. There were many people who jumped the wagon when btc was crazily pumping, people who probably don't know what they're investing on. It can't be untrend all the time so when the correction happened, the same people who didn't know much about crypto panic sold. We're probably seeing now holders waiting for the correction to finish that's why btc is pretty slow moving today.

[alden1985]

I don't find it stable, maybe it is for the past week, January is not over yet to say Bitcoin is table in 2018

[Digital Mutant]

Just to clarify the word "stable" because I see different points of view here and I need to express better.

I meant that after the epic big run from $3K to $19K and a huge increase from $40B to $320B market cap from july to december 2017, Bitcoin price is now stabilized around $11-12K and market cap is fluctuating around $200-280B, without big increases at the moment.

So we passed from an increment of 700% in price and 800% in volume, to a variation of 10-15% in price and 40% in volume during this last month (after bloodbath).

[EuphorichamsTer]

Bitcoin was never stable to begin with. It takes the stairs up and takes the elevator right back down. It just so happens that price is consolidatiing after the dump since people are unsure of what might happen next.

[Plof87]

I think with all that is happen in Asia, the market here is now quite stable.. but I excpect it will go into freefall soon, to hen go up to hights we have not seen yet

[MasterMoney]

2017 has marked a breakthrough in the Crytopia market, and in 2018 I believe this jump is even greater because of having a lots homes, a lots persons who will know the digital  BTC, electronic money , applications and technology platforms, I belive BTC will increase strongly in the next time.  

[sofi@]

I don't think bitcoin value is stable now people only thinks so because the value don't pump or dump deeper than it used to in 2017 but to consider this as a stable value for 2018 for me is not since we are just heading the beginning of 2018 and bitcoin being unpredictable can surely change its value anytime. We are far from stability and I think that's one thing that will never lose on bitcoin nature it will continue to become volatile and unpredictable.

[raven7886]

So it will better to buy right now. Let them sell all their coins and I hope they regret it afterwards.
I believe in holdinhg it. Somehow there will be a big pump this year.

About the stability.
We just got used to a higher number of pumps and dumps and now we are thinking it is already in moderation.
But it is not. 300-400 dollars is a lot of movement.

Yes, the price is quite a bit stable between 10K to 13K and keep between this range. I have heard from many sources and almost every one say that bitcoin will be 100,000K or even more value this year. So if this is true and it really happens, then this price of only 12K *current price" is a very good price to but a lot of bitcoins. Its still cheap if you compare it with 50 - 100K range.

Between $10,000 and $13,000 is not meaning actual stable. The fluctuation of $3000 must be big and definitely get anyone big losses if they fail to predict the fluctuations correctly as 30% of oscillation cannot be classified as a stable prices. I'm not expecting bitcoin prices to stay stable in next to hundred years so it will be too yearly to call bitcoin prices stable in this year. We are in connection phase of recent huge rally so we cannot expect another rarely in more quicker time.

After bitcoin prices are reaching to previous high levels we can expect what we have experienced the in the past. I mean to say the volatility of bitcoin prices will come into action when bitcoin will be starting its another round of rally.

[Emperor of Man]

2018 has just started, and it's a bit early to say BTC price has been stable or unstable. That being said, I don't think we can call it stable right now. Many fluctuations in January, and every time it fluctuated the alts went down with it.