The reason why it is stable

[reactorjuno]

The thing is, trading is never 100% objective. It's your money, so it's up to you to make the decision, even if you can listen to "advice" by looking at the comments of others on the forum, it must be your analysis that tells you to decide to invest or not.
So nobody can tell you "we have to invest in here or there", the best advice is "I feel there is a change of trend on X, a resistance on Y", etc.

[hengha]

Stopping mining does not effectively increase the price of Bitcoin, but miners have always been closely associated with Bitcoin! When no miners sell Bitcoin, the price of Bitcoin will definitely rise!

[el kaka22]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

I really do not know where you are seeing the stable price from in this case ?

The price has been fluctuating pretty much, right from the onset, and still doing that. Mining is just one piece of the technical puzzle; it is not like it certainly affects so much in the market.

Most of the times, I would say it is actually the price of the market that affects mining in the long run, as it may not be considered profitable and some may bail out, with the hash rates dropping and then those who are in get to have more incentives, that is just the way it works. So, there is nothing stable here, neither does mining affect price in anyway.

[tepakpak]

The level of stability of bitcoin depends on the level of investor confidence, if there is no negative news, maybe bitcoin will stabilize.

[YuginKadoya]

The level of stability of bitcoin depends on the level of investor confidence, if there is no negative news, maybe bitcoin will stabilize.

There is no such thing as a stabilizing price for bitcoin even though there are times that we could see that the price is not moving at all it is still not stable it only occurs because the value doesn't have a much fluctuation right now and I think it is not moving down because we already hit the Floor of bitcoin, Even if there is negative news bitcoin will never become stable not a chance can that really happen.

[beerlover]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

I dont see any miners quitting besides small miners. Big miners are mining still and waiting. They are improving their equipment with new generations of asics and continuing operations.

Apparently, small miners as long as the condition is no longer favorable for them will always be the ones to quit and in this kind of unfavorable condition, we are talking about low prices, but in the long run for those who are really not looking at the short term, they really would not have to worry much.

For instance, if the price drops far below $6000, a lot of speculation going on shows that it becomes non profitable for miners, and then we will definitely see the smaller ones leaving for that moment, and the bigger ones, getting the pay for confirmations they do as the difficulty drops.

[krauzzer02]

The level of stability of bitcoin depends on the level of investor confidence, if there is no negative news, maybe bitcoin will stabilize.

The price of bitcoin is not going to stabilize, that word means no fluctuations the market price is steady and bitcoin's value movement is the opposite of it, look at the charts every day it is like a pumping beats of a heart, we can't almost predict when would be the biggest movements is going to hit, the absence of negative news has an impact as it can highlight minimal positive news to the market.

[juli50]

I think its stable at the moment because it dropped a lot in the last mounths and nobody wants to sell at that price so I dont see bitcoin going much Less than 6k, thats my personal opinion and I think it makes sense. I dont know if mineros influence that much.

[Edsemen]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

The price of Bitcoin is not stable and its not related to miners. Are you saying that the miners stop mining when the price is at $19,800 before and now many of them are mining because the price is just $6,000? Prices of the commodities will always depend of supply and demand including Bitcoin which is the real demand for now is low.

Would rather agree unto this since at the moment we can see that their are several upper trend and sudden low trend, and by this I cannot call it stable since at that state, But I also think on when does the huge demand will came "IF THAT ONE WOULD REALLY CAME" since many people still thinking about the bull run to come.

To add up an idea about that mate, this situation we encountered right now on its stable price had been manipulated by some group of traders. Their buy and selling of crypto is one of their ways on how to create attractions from other new comers. Sadly it's not bringing good effect to us, because it will pull down market value and yet more will be dumping coins if this continues to happen as well.

[ShineftChaos]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

The market will never become stable, the price is always moving because it was depending on demand and supply, that is the reason why we should be always patient about the market prices.

[zazarb]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

Small miners would stop to mine if they find it no longer profitable to them to mine but not a big miners.. they look for a long term perspective and they can not stop mining. Because if they will stop digging, they will have more minus than long-term digging.

[Lazada]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

Bitcoin price stability occurs because many people believe in the future of bitcoin. So they sell and buy in a balanced manner.
Because basically that when a coin gets an increasing demand factor it will be very good for the development of Bitcoin.

[thecodebear]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

Uh the reason why it is currently somewhat more stable that usual is because we are at the end of the bear market at the bottom of the market and we're at the beginning of the momentum shift from bear to bull market. Look at the end of the last crash in mid-2015, same thing happened, stabilized for a bit at the bottom of the market as it slowly turned around and began the next climb. That cycle was slower so we probably won't experience months of relative stability this time, but I could see September and October being relatively stable in price and then November and December we start seeing the first evidence of Bitcoin breaking out of the bear market and forming higher highs for the first time in a year.

[usekevin]

The people will inverse their capital in implementation of Mining setup. It's like inverse money in business. Do you think any person will end their business by the minor loss.They won't .They will try to recover their old loss with the upcoming deals .So only the people with small mining setup can close and the rest will hold for the upcoming profit.

[r32godzilla]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

Bitcoin doesn't have a stable price at all.And even if it seems to be stable,it is only for a very small duration and also a small variation seems to exist at that price also.Miners have nothing to do with stability of bitcoin price.

[timerland]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

You're completely wrong.

Bitcoin miners simply don't go on a hiatus. Even if one miner goes down due to maintenance or whatnot, there are thousands of other pools and individual miners/mining farms that are working round the clock to verify transactions.

Mining simply doesn't pause, and the supply of bitcoin will continue to go up as soon as a new block is mined, even though that has no apparent short term affect on bitcoin prices since the block rewards are so low compared to how many bitcoins are already in circulation.

What makes bitcoin prices stable at this stage is because of the bear market. We're finding a bottom at $5-6k and prices are consolidating, there is nothing related to mining whatsoever.

[reactorjuno]

The more I think about it and the more I believe the pending news regarding the ETF makes the current price stable. I was actually expecting more speculation but looks like I was wrong.

But as usual TA also can explain a few things. Big resistance around $6700 and another resistance at circa $7100, and a support just below $6000. We could remain in this range for a while, unless ETF.

[Xardasim]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

On the contrary, reduction of bitcoin mining should increase the price. The supply decreases and the price increases accordingly. In fact, stopping mining doesn't have much impact on the price. Only human psychology affects the price.

[andreijoaquin]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

The price range of bitcoin seems to go on stable thos 2018 but I would like to believe that before the year close probably in the mid of November the price will soon rise again. The market seems to go an a stable and safe place this year but the bull didn't hit yet. I really feel something will happen in few months from now so I keep on holding and keep on investing if I could.

[Activitycoin]

I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.

The price range of bitcoin seems to go on stable thos 2018 but I would like to believe that before the year close probably in the mid of November the price will soon rise again. The market seems to go an a stable and safe place this year but the bull didn't hit yet. I really feel something will happen in few months from now so I keep on holding and keep on investing if I could.

If demand is increasing it means that people are investing in the Bitcoin right now the value has declined so we take it as the demand rate has decreased. We will see many ups and downs in the value of Bitcoin due to change in demand rate or you can say demand and supply rule affect of price. If price gets stable then you must know that market support is strong and perfect right now which has made it stable.