BTC don't need to go to the hell or to the moon.

[VitKoyn]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

You can't call price movement from $500-$700 a stable, remember that when Bitcoin is priced on that range there are still few people that had invested or known Bitcoin so the price will likely move slowly and a $100 gain in Bitcoin value is big enough on that time. And I always think that Bitcoin price will always be volatile because there are people that will always cash out their earnings whenever Bitcoin reaches a certain price and no one can stop them from doing that because Bitcoin is also used to trade other cryptocurrencies, there may be some scenarios that it gets stuck in a certain price level but it won't take long that it will go down or up because there are traders and Bitcoin has a fix supply.

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[harizen]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

Different people have different views especially those average bitcoiners who rely on hold to increase the value of their stash.  As for theirs, going to moon or not, as long as the price is continously climbing then it's way better than a big crash.

Just go with the flow instead of thinking like that.

P.S Bitcoin price never stabilized since commencement of operation and never it will in the future. Remaining on a same price level within months can't be called stable well as long as my trading fundamentals is concerned.

[InkEyes]

95 % of the users who are impatient about BTC and spread FUD weren't here when the prices remain stable for months, all of them came in late 2017 when BTC exploded, this is why all the pessimistic views are being spread

[darkr]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

If you can admit that for today's market the price between 9,000 and 11,000 can be considered stable, then I can affirm: Bitcoin is stabilized already.

[trinhdinhthang20007]

BTC it is always stable in a certain trajectory of it, the current price is very high, the future BTC may rise again but in my opinion it must be five in the range that many people have the opportunity to own Yes, that is really the most used currency in daily consumption.

[A1exander]

I mostly agree. Price with daily fluctuations of $500 or $1000 can hardly be called stable, but it may easily get stuck around $10k or slightly below it with some (seemingly) random movements for months without large pumps and dumps.

[JC btc]

I mostly agree. Price with daily fluctuations of $500 or $1000 can hardly be called stable, but it may easily get stuck around $10k or slightly below it with some (seemingly) random movements for months without large pumps and dumps.

We are still thankful because the price is not incurring below $6k which I think could be a big loss for those people who invested at the 4th quarter of the year last year hoping that they did no cash out yet their investment and hold it at least for a year so they can gain just like us.

[Xardasim]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

The reason for that was that the price was low at that time and it could be because there is relatively huge trade for now. It's obvious that how much the coin is traded the volume increases with stability. If you are looking for a stable cryptocurrency, there are some altcoins that more stable than bitcoin. For ex : MNX, ETN

[blitz18]

BTC it is always stable in a certain trajectory of it, the current price is very high, the future BTC may rise again but in my opinion it must be five in the range that many people have the opportunity to own Yes, that is really the most used currency in daily consumption.

When you look at the previous price of bitcoin you cannot say it was stable. The movement price of bitcoin is always fluctuating as this is the reasons more users are involved in bitcoin. They invest to get profit in bitcoin it attracts new users.

[magneto]

We can't just say that bitcoin price should stabilise, and the price will stabilise. Just doesn't work like that.

Bitcoin is naturally volatile. I agree, I personally do not believe that bitcoin is only considered successful if its price skyrockets. That's quite absurd, considering that is only a minor part of the measurement of BTC's success. I'd rather have bitcoin less volatile and in a slow but steady long term up trend. But that is not always guaranteed to happen. We did see at one point bitcoin at $700 and it was stable, but demand has picked up a lot, and i mean A LOT now compared to then.

However, if we're talking about the short term here, price stabilizing usually means that it's building support for a rally. But it's important to not get carried away by short term price movements, especially if you're holding for the long run.

[gabmen]

BTC it is always stable in a certain trajectory of it, the current price is very high, the future BTC may rise again but in my opinion it must be five in the range that many people have the opportunity to own Yes, that is really the most used currency in daily consumption.

When you look at the previous price of bitcoin you cannot say it was stable. The movement price of bitcoin is always fluctuating as this is the reasons more users are involved in bitcoin. They invest to get profit in bitcoin it attracts new users.

Well the point is, people are always wanting btc to moon in a very short time or taking btc down to scare would be investors. Btc will move when it will and people should just learn to move with it's flow. Wanting btc to go to a certain direction just doesn't cut it

[hamade]

Yes, that's true and I want to talk  something. "BTC don't need to go to the hell or to the moon, because the moon itself is "

[aardvark15]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

I actually think it is much more likely that Bitcoin will make huge increases over time because there is a limit to the supply. As fewer Bitcoins get mined every year, it theoretically becomes in higher demand. This will make the price gradually increase as supply drops.

Of course, this only works if people still want to own Bitcoins. I believe that will happen because Bitcoin is basically the face of the cryptocurrency movement.

[patispace]

I totally agree. In fact, if we review a little further back, during 2015 and 2016 the price of bitcoin remained in a very stable range and that led to it perfectly fulfilling its functions as a currency, as a store of value and, above all, as a means of of payment, offering fast and cheap transactions. In addition, a stable price would imply a reduced volatility, an indispensable condition for its massive adoption in more businesses and stores that fear this type of movements so drastic in the exchange rate.

[fabiorem]

Stabilize with 0.1% adoption?

Stabilize when even Steam is not accepting it?

Just no, we need worldwide adoption, so we need to go to the moon. 20% adoption will give us a 1 million price per coin.

[valentine401]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

Bitcoins will actually skyrocket again just like what happened last year and it was also a good news that there are more countries this year that has been legalized to invest on cryptocurrency so we can expect more demand in the market.

[The_Dark_Knight]

there are different types of people around with a lot of different opinions.
most people think that bitcoin is a way for them to get rich quickly so they want bitcoin to always rise and each rise be a "to the moon" rise.
and there are also a lot of people who are making a lot of money from these big  fluctuations, so obviously they want price to go to hell or to moon because the bigger the drop/rise the bigger their profit is going to be!

i think price won't become stable for long and that will last a long time! bitcoin is still small and the whales of it are still too big. the market needs to grow bigger and the whales need to shrink a lot.

And the funny thing is that those that wish that are the most likely to go broke because they are going to try to time the market and that is impossible, and the long term holders that just accept the whatever the market gives to them and that take advantage of the dips to get more bitcoin and which are not making a lot of noise are the ones that are going to get the greatest benefits out of bitcoin.

[player514]

The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?

Stabilization of bitcoin will lead to mass adoption. Once bitcoin stabilizes, more people will adopt bitcoin as a universal currency and start using Bitcoin in their day to day lives, with transactions and in the market. However, we have a while for Bitcoin to become this widely adopted. Bitcoin will keep wildly fluctuating for a long time, but with patience we may one day see Bitcoin stay in a set price. I also think that the emergence of altcoins also leads to Bitcoin’s price to constantly fluctuate, most likely due to the cryptocurrency competition that is occurring between alt coins to be the top cryptocurrency.