Bitcoin price stabilizes?

[faceoff97]

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

I don't know what is the basis of your stabilization. I feel like, Bitcoin wont get stable unless majority of the people already into it. Bitcoin might still reach 19500$ and get even higher, its value wont determine whether it is stable or not. Its popularity and demand will only determine whether it is  on its stable state. As long as bitcoin is on unrecognized by many, it will never be stabilized.

[Sanugarid]

Still not stagnant in my opinion. Being stable means no movement at all. Since its market value is now increasing, it practically shows that it is not stable. But mgood thing is that, increase is obviously a good thing than to what happened lately which is a total market downfall. Hopefully, on the following months for Bitcoin, good things will continue to come.Stability is quite impossible since Bitcoin is volatile and fluctuations are always expected.

[Triyavam]

all hope the bitcoin value continues to stabilize, and the value of this week looks good,
Bitcoin has been favored by local and international investors,
Bitcoin users in the market,
I personally often see Bitcoin as an investment tool with very high fluctuations,
But it is difficult to determine the level of stability because the market is so unpredictable that it can change in a minute.

[GREATLOVE]

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

So, it means that after Chinese New Year maybe the price will go high again? Is it like that? Well, if that so, what will the next the rumors are there is another fork on March 5. Let's expect bitcoin will go up again, hoping.

[Predator25]

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

So, it means that after Chinese New Year maybe the price will go high again? Is it like that? Well, if that so, what will the next the rumors are there is another fork on March 5. Let's expect bitcoin will go up again, hoping.

Yes I dtill believe that the appearance of bitcoin having the big amount than any other cryptocurrencies will comeback and hopefully it will achieve again the twenty thousand dollars valuw per bitcoin. Expect that it will happen this year because the knowledge about bitcoin is still spreading all arpund the world.

[Cryptodiscuss]

Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC) believe that blockchain technology is future.
When Senator Shelby asks what determines the price of bitcoin, market or what, and where is the bottom of price - man don know what is Proof of Work, and Giancarlo knows,
and answer him that bottom is price of that PoW. And we know he is right. If we forget that sometimes, just remember that there are masive Btc farms that are mining, selling
and accumulate for years now. And owners of that farms are Bilionares now, and they can defend that price and their investment. They would newer let Btc price go under price of PoW.

And yes, US Senate learned what "HODL" means - Giancarlo explained

[yoseph]

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

Considering that the Chinese have banned bitcoin completely in their country, I really don't think that the Chinese New Year is going to have a very positive outcome on the value of Bitcoins at all.

[Dux2K]

To be honest Chinese will always find another way to have crypto and to transfer cryptos to bank account. This is not problem for anyone but this news really hit big time crypto and now we finally see some price recovery after long time. Maybe this is nothing but we see some small price improvement every day and think we will have this tread troughs whole this year.

[kimochidesh]

Everything Seems to be settled now...no more FUD's. Crypto market is all green and trend remain to be positive from last few days. We can expect +/-7% price improvement every day. Expert says bitcoin will soon cross $20K level and set new all-time high record soon. Hope that everything remains to be positive and no bad news arrives now.

[clickerz]

To be honest Chinese will always find another way to have crypto and to transfer cryptos to bank account. This is not problem for anyone but this news really hit big time crypto and now we finally see some price recovery after long time. Maybe this is nothing but we see some small price improvement every day and think we will have this tread troughs whole this year.

Yes I find it too that seems we are on the recovery and I hope supports stays at $10,000 dollar or higher. I dont think this is only temporary after the Chinese New year.Bitcoij suffered so much that it even lose 50% of its vavlue from its highest price. Its a sigh of relief seeing its recovering now.

[Sled]

As of now the price of bitcoin is getting stable at the price more than $10,000 we can see that the price of bitcoin is now moving up and it is really going to the top and aim a price that is higher than the recent all time high and that was $20,000 and i really hope that this year will give bitcoin at least $30,000 price so more people will get attracted to bitcoin and give more demand for the market.

[scorilo]

seems that the price of the bitcoin is going up for sometime now. I think that it is safe to assume that bitcoin is now over with the dip

[kpcian]

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

Your post is really an information regarding this crypto world and Bitcoin. I think in this platform Still China is playing an important role. we have seen when the Chinese government states to this virtual platform then the price is going down so it's undeniable that Besides Korea and Japan, China is one of the most influential countries in this platform.

I believe that day by day Bitcoin market is spreading out and people are getting involved in this platform for trading and investment. that's why this virtual monetary system will last a long time and it will dominate in the future market.

[werpak321]

Bitcoin fell 70% from 19500$ peak and negative headlines had wiped out billions in value in cryptocurrencies,
But top U.S. regulators testifying before a Senate committee called for greater oversight, without proposing industry-killing measures.
That was something different from crackdown on crypto that hapened in asia, and created picture of stable asset from Bitcoin.
That news gave enough positive momentum for traders to continue investing in cryptocurrencie market and Bitcoin, and returned more than
100 billion $ back in crypto market, as we can see in the last week.

Something that can give us a little more volatility in price is Chinese New Year celebrations for the Year of the Dog begin in China
and follow across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia and Indonesia.
Chinese mainland markets are closed Feb. 15-21.

Bitcoin price Is not stabilizes because  it prices like a hammer a  Ferris wheel  riders not so permanent it change timely

[KorakPawon]

every 10 minutes, there are 25 Bitcoins that are born from the system. If the amount is multiplied by the total of minutes within 24 hours, then there are 3600 new Bitcoin circulating in the world market circulation (meaning worth 1.5 million US Dollar!). In a day, the market should be able to 'absorb' all the Bitcoin if it does not want the price of Bitcoin plummeted. When the price of Bitcoin is stable, it means that the purchasing power of the world to Bitcoin is high, since it has at least succeeded in offsetting the supply of 3,600 new Bitcoins emerging from the system plus the amount of Bitcoin sold by users around the world.

[PG13]

seems that the price of the bitcoin is going up for sometime now. I think that it is safe to assume that bitcoin is now over with the dip

Yeah, its getting stronger every day as the prices in coinmarketcap are mostly at green. It seems that the bitcoin will attract new buyers in this situation. A very favorable to those who hodl as this trend will continuously increasing in the following months.

[Inkdatar]

seems that the price of the bitcoin is going up for sometime now. I think that it is safe to assume that bitcoin is now over with the dip

Yeah, its getting stronger every day as the prices in coinmarketcap are mostly at green. It seems that the bitcoin will attract new buyers in this situation. A very favorable to those who hodl as this trend will continuously increasing in the following months.

For now bitcoin is on stage of rising the value it has less fuds that keep price into going down. It is not stabillizes because market is very active. Yes we observe the market on a green mode. Hence, this time I am postive bitcoin would be heading to go up the value.

[Dux2K]

Im also sure that we are in stable price range. Also think we will finally see some better news and that we could see some better price in this year. Or this year will be price stable range from 10-14k.

[recklessMe]

right you are. Popularity of the crypto creates a bigger demand on it. Currently Bitcoin will show its extremely volatile nature partially because it is not accepted as a medium of exchange by the  majority people in the world. But I do believe its  popularity in public will also increase during the whole pumping period. This will make a more stable demand  in btc.

[ovcijisir]

right you are. Popularity of the crypto creates a bigger demand on it. Currently Bitcoin will show its extremely volatile nature partially because it is not accepted as a medium of exchange by the  majority people in the world. But I do believe its  popularity in public will also increase during the whole pumping period. This will make a more stable demand  in btc.

Yes, there is sometimes drop in popularity because of negative media attention which can lead to panic between new users. But after every fall cryptocurrencies rise.