BITCOIN is stagnant why??

[Naficopa]

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

[RawDog]

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

Very high fees made everyone leave.  Now, there are almost no transactions.  Too many people are working hard to make alts and low fee versions of Bitcoin like Bitcoin Cash. 

Bitcoin was king for almost 10 years.  That is very cool.  Now the technology moves on. 

Even Greg Maxwell who fucked everything up has moved on.  Time for you to move on too.

[owlman]

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

And how would you like the price of bitcoin to constantly increase? You know perfectly well that this will not happen. It is necessary to wait a little more before bitcoin again began to grow.

[boy130]

I've heard people complaining about Chinese new year somehow causing a dip in the market, the same thing was said last February during the dip. However, coincidentally at the same time there was a lot of negative press regarding bitcoin and cryptocurrencies, so I really don't see how the dip is attributed to Chinese new year.

In any case, looking at the trends there are always periods of stagnancy, though cryptocurrencies are genuinely thought to just go up or down, there are of course going to be periods where they just trade sideways. You should always be careful in this situation though, as negative news in a sideways trading situation may lead to a decrease in price, whilst positive news will lead to an increase. At least the market is easier to understand when trading sideways, even if you're not profiting.

[TonyFat]

the whole market fell, no one really can tell what it's connected with and we just have to wait

[marjil]

Not sure how you can say bitcoin is stagnant. The week before last it fell from $11k to $6k, so lost half its value. In the past week it went back up from $6k to $11k again, so that's a 50% increase. These are incredible price movements by anyone's standards. So I don't see the price of bitcoin as stagnant at all.

[xiaohao111]

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

I don't think so. Chinese New Year has little impact on bitcoin. The price of bitcoin has risen a lot during the Chinese New Year. And bitcoin isn't stagnant. It's always changing.

[posoa]

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

I really agree with you that Bitcoin is not stagnant, looking at the rate it drop to which was about 6000K during the period of the dip and now it has rise above 10000K, it cannot be said to be stagnant. A lot of factors might have contributed to it, including the banning of Bitcoin in China, bad press publicity about Bitcoin  and cryptocurrency, and possible  some whales controlling its price. Actually,  HODLING   just for a little while will  be the best thing to do , as investing in Crypto remains the best thing to do. The Market price fell and the fluctuations in the price of bitcoin may be use by some to  Conclude that it is  stagnant, which is not.

[vibingpositively]

Nobody will know the cause of the downtrend, the Chinese New Year thing was speculation and will always be speculation. Also you say stagnant but we call that consolidating and that is a part of trading. Trading isn't always in a up or down trend, sometimes you have periods of ranging and that is exactly what is currently ongoing in todays markets.

[gabmen]

it may seem that the market stagnates. but in fact, he expects a portion of the news!

As for me, bitcoin is not stagnant, it only moves in a sideways trend. There is indecision on the market. If there is any significant impulse, the market may move up or down.

I really agree with you that Bitcoin is not stagnant, looking at the rate it drop to which was about 6000K during the period of the dip and now it has rise above 10000K, it cannot be said to be stagnant. A lot of factors might have contributed to it, including the banning of Bitcoin in China, bad press publicity about Bitcoin  and cryptocurrency, and possible  some whales controlling its price. Actually,  HODLING   just for a little while will  be the best thing to do , as investing in Crypto remains the best thing to do. The Market price fell and the fluctuations in the price of bitcoin may be use by some to  Conclude that it is  stagnant, which is not.

Lol. Stagnant is quite the opposite of being volatile. Btc is highly volatile. If it becomes stagnant then we can all talk about it becoming a currency at this stage. Dude's probably expecting a big pump after the chinese holidays

[magneto]

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

The end of Chinese New Year had no effect on bitcoin. If anything it would have pushed price of bitcoin up as people would have dumped before the Chinese New Year and started accumulating again after the new year.

So that theory is really not working out right now.

It's stagnant, because the market forces are pretty much in the equal. We're hanging around $9k-11k with very little room upwards or downwards at the moment. I think that we're testing the waters with $11k right now, with support being established at $10k instead of $9k, which is why we're moving in a very strict range of prices.

[CryptoBry]

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

I think you should clarify your statement. Do you mean stagnant at the current 10k range? Because right after mentioning it being stagnant, you stated a downward movement. It's possible that it's been going down because of Chinese new year's, but I doubt that. Instead, I just think it has to do with a lack of news about bitcoin and cryptocurrencies in general. Nothing major has happened since we heard about a super large investor, but there have been small news articles here and there that slightly influence price. Nothing too big that could cause a full momentum shift.

You are right. I can sense that Bitcoin is now in a doldrums phase. While there is a good amount of excitement still existing in the Bitcoin community, there is also a feeling of doom and gloom at the sideline. Everything will boils down to what the general market is exhibiting. Hopefully after the first quarter of this year, we can see a rising Bitcoin due to new markets opened and new participants entering the Bitcoin market.