Why is bitcoin price so stable in 2018?

[Simonjonesfamily]

It could be something as simple as the majority of traders are unwilling to sell below 10k. Therefore they are not  accepting offers below this figure. Meaning the community has imposed this lower cap.

[1714995301]

1714995301

[antsin]

We just entered 2018. Bitcoin went through a tremendous fluctuation in past few months. It’s sitting down and breathing before it starts the run again. Also there is a lot of FUD in the market, basically history repeating itself in a lather scale. I wish I had more detailed answer but we all are trying to figure this out.

[Sihab76]

At the beginning of year 2018 Bitcoin price around the 10-11k$ really this price level or range stable and effective. But price level around 15000$, so stable and trusted.

[carlisle1]

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?

in my opinion this situation is normal since this is just a first quarter and same as what we had wayback 2017..and to clarify its not just bitcoin whos suffering from this price drop,almost all of coins are in same movement,if you will monitor the market flow for the whole day,you will find that similarities of alts and bitcoin is almost the same

[poplolnman]

Considering the fact that the year just started, it is still too early to jump into conclusion, regarding the state of bitcoin. The market is not static and so, cannot be stable. I see the market being at equilibrium and trying to get a support, which is why the price is hovering around 10k - 11k. 

Struggling, bitcoin market in risk to get drop even lower to get crash even worse. If then bitcoin value could survive at the price range of $12k to $13k for at least a couple weeks it might would remain volatile then. That's my thought.

[ConanTheHODLer]

The sooner people realise bitcoin needs to go, the better. Its old tech, minimal uses, slow, expensive transactions, even with the lightning network, segwit etc that doesn't future proof it from other coins doing the same or better, which they will. Its dropped 44% this month (not including its peak to $20k in December but only from this the start of the year when it was $17k) and ETH which peaked at the start of this month has only dropped 22% in the exact same time period. More people are ditching BTC for ETH, what reason is there to stay with BTC? If people are ditching BTC for ETH or other coins then there's no way BTC will increase anywhere near as much as ETH or other coins. It doesn't matter what the price of one coin is as you can buy in decimals anyway, what matters is if there's room for growth and 99% of other coins have much, much more room for growth than BTC. They need to decouple BTC's extreme effect on alt coin value and tie it to something else like ETH as BTC is a dinosaur holding them back more than anything.

[tannerchum]

i think it will rise again

It will, for sure because as what we knew that the price is flactuated and we do not have to worry about this because we have a choices either we hold or sell. But for me the exact way is to hold until such time will rise. If that day will happen cheerish every bitcoiner.

[Zandra]

i think it will rise again

It will, for sure because as what we knew that the price is flactuated and we do not have to worry about this because we have a choices either we hold or sell. But for me the exact way is to hold until such time will rise. If that day will happen cheerish every bitcoiner.

Yeah for sure the price of bitcoin will increase again,  do not miss the chance to get a big profit because this is the best time to invest in bitcoin. I'm sure it will rise again good for investors of bitcoin.

[seoincorporation]

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?

Well, define “stable”. In the first place, it is only january. In the second, I don’t believe the price is stable right now, there are fluctuations of over $1000 per week, which means a lot of money if you think on those who have a significant number of them, or if you attend to the big picture here, I mean, the market current value of BTC itself.

If you take a look of the whole history of BTC, you will see  it was “stable” for years (from july, 2013 to approximate the spring of 2017). Since there, it has been going up and down, and I think thats precisely the reason we see it now as  “surprisingly stable”.
Look at the graphic below.  The whole history of BTC versus the last year. It has been crazy from the last 11 months.
So, what I mean, is: stable or not, it depends only on your own perspective and on what do you compare the current situation.

Thinking on the future, I believe it is going get up and down all 2018 until, at least, it reaches a “stable” price. It depends directly on how it is going to be use, if as a current coin (for instance, for payments in Amazon, or so), or as it has been use, principally from the last year: as an investment on speculation market.

[Digital Mutant]

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?

Well, define “stable”. In the first place, it is only january. In the second, I don’t believe the price is stable right now, there are fluctuations of over $1000 per week, which means a lot of money if you think on those who have a significant number of them, or if you attend to the big picture here, I mean, the market current value of BTC itself.

If you take a look of the whole history of BTC, you will see  it was “stable” for years (from july, 2013 to approximate the spring of 2017). Since there, it has been going up and down, and I think thats precisely the reason we see it now as  “surprisingly stable”.
Look at the graphic below.  The whole history of BTC versus the last year. It has been crazy from the last 11 months.
So, what I mean, is: stable or not, it depends only on your own perspective and on what do you compare the current situation.

Thinking on the future, I believe it is going get up and down all 2018 until, at least, it reaches a “stable” price. It depends directly on how it is going to be use, if as a current coin (for instance, for payments in Amazon, or so), or as it has been use, principally from the last year: as an investment on speculation market.

Yes, the trend has changed during the las days, it has been more or less the same during january and now is going to the bottom gaining more volatility as in the last months.

Talking about stability, I don't think bitcoin will reach a stable price, I like to imagne bitcoin variations (in therms of $) ever stronger when we'll reach 2/3 trillions market cap, but we will get used to.

The revolution wll be so strong that bitcoin will be influenced more and more by geopolitical events, reaching a new sphere of dominance and position in the global economical system.

The game is fascinating me every day more, I am very curious to see how community will react now, because the situation is very different from past years. Now there are millions of people holding their own bitcoins (or fractions of it) and if we all understand that holding is the key to make bitcoin great, bitcoin price will rise target that we even imagine during 2018.

[WhaleSlayer]

" Why is bitcoin price so stable in 2018"
Really?
Are you sure we are speaking about the same Bitcoin?
BTC is taking diving lessons right now...

[Protected101]

Bitcoin price will not became stable ,yeah its going down but its flactuating and we all know that being dump in crypto is normal just wait for the increasing of price everything will be going alright soon.Dont panic bitcoin will not going to be stable ,holding on is the best way and hoping for rising of value again.

[Zhukov0]

And it has crashed again. The price in 2018 is not stable at all.

[Digital Mutant]

my apologies
definitively Bitcoin is not so stable
 

09 Jan 2018: $15,000
10 Jan 2018: $14,000
11 Jan 2018: $13,000
16 Jan 2018: $12,000
16 Jan 2018: $11,000
17 Jan 2018: $10,000
01 Feb 2018: $9,000
02 Feb 2018: $7,800

We were discussing it today, I think that cryptocurrencies make us loose the sense of time and helps us in a certain way to learn how to deal with strong emotions

cryptocommunity will came out from this last ride reinforced.

[zokilnmet]

Stable? Are you serious? I think you're confusing something. Bitcoin is completely unstable, as well as any other currency. The rate is rising then falling but recently there has been a noticeable tendency to decline.

[Haladay]

Bitcoin price will not became stable ,yeah its going down but its flactuating and we all know that being dump in crypto is normal just wait for the increasing of price everything will be going alright soon.Dont panic bitcoin will not going to be stable ,holding on is the best way and hoping for rising of value again.

Saying stable is not right under the current actions. The price dropped significantly and affrected the other altcoins negatively in the biggest manner.

[jsrenthourse]

2018 has just started so I think we can't really tell yet whether it's going to be 'stable' or not. Bitcoin has been dropping so much this month, but I think it's expected because this is what always happend in the beginning of the year.

Personally, I think bitcoin will stay at it's place right now, and it won't be rising significantly like before anymore. The reason is, in my opinion, because of altcoins. Altcoins are really famous now and people tend to put their investment fund on altcoins / ICO now instead of bitcoin. So basically, I think it's because of altcoins are the new 'hype' changing bitcoin therefore bitcoin is not rising as much as before anymore.

Regarding the market manipulations, I believe yes, some elite group who hold a lot SUM of bitcoin must be manipulating the price every once in a while. It's really inevitable in my opinion.

I firmly believe that the price of bitcoin will not be stable in 2018, because within one month the price of bitcoin has been continuously adjusted from $ 19800 to $ 16000 then $ 12000 and the time The current bitcoin price is only $ 9000 after the Indian bitcoin ban. In the beginning of the year, the price of bitcoin has been extremely volatile, which suggests that bitcoin will continue to fluctuate continuously and show no signs of stabilization.

[layoutph]

Bitcoin and all altcoins will become more hype this 2018 its because a huge portion of stockmarket holders and forex traders are joining the crypto currency. Just try to imagine if all altcoins and Bitcoin reach trillion market cap each.

[BitNaija]

If you are talking of price correction, yes. But there is nothing to show the price is stable. The level of FUD is very high, giving way to panic selling.

[JuniAiko]

I personally think USD5k is very likely. Reasoning: during a crash of a bubble, the baseline to the start of the original parabolic growth is very likely; as those who enters after that point in time are paying, increasingly, exponentially more to enter into the market as the price went up way too fast.

4.5USD? maybe.. some even predicts that it might go down to 2kUSD eventually this round (but I am kinda sceptical).

It has risen slightly as some whales decides to buy in, however, the drop might not be just over yet (I don't see a sudden change as a real recovery), until all the negative news have finished rolling out. Hard to tell if the market have switched into bearish/bullish phase base on events occurring in an hour or two, or even 12hrs or a day sometimes.

I think it will likely go down to USD7k, and stabilize a while; and might go down even further till mid Feb(?)

Basically, it could very well continue to drop in phases, as the regulatory news starts rolling out + countries staying that they are considering banning it completely, etc. More are certainly to come.

In the longer term, hopefully, there will be an accumulation of an increasingly experienced HODLers to provide a more stable higher baseline?

I'm not an experienced trader, but these are just my own personal pondering and thoughts.