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goaldigger (OP)
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September 18, 2018, 11:12:54 AM |
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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.
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Binugon
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Activity: 182
Merit: 1
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September 18, 2018, 12:36:48 PM |
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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.
Most of the time the miners see and wait for bitcoin to soar higher in the previous year, there needs to be positive activity on the bitcoin market so that the price rises rapidly |
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BlackPanda
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September 18, 2018, 01:02:02 PM |
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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 think that the level of public trust is the thing that most influences the maintenance of Bitcoin prices. The price of Bitcoin is so very stable at this time because of the balance between the demand factor and the supply. That is something that cannot be avoided because each coin must have a characteristic and what is owned by Bitcoin is a very good trust from the public in the world today. |
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liuqi
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LuckyB.it is Back!
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September 18, 2018, 01:21:30 PM |
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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.
Mining is a one part of the price fixing but real giant is trading. Because Bitcoin value is fixed by supply and demand so both are important in the value. Nowadays mining platform is little down so trading is occupy 75 percentage of market. So circulation is little protect the price fluctuation and panic selling is increase the price variation. My choice is traders are control the value. |
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Totscha
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September 18, 2018, 01:22:33 PM |
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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.
First things first... Bitcoin has a stable price!? I what universe!? Mining never stops. Just look at the stats: bitcoin price went from 20k to 6k and the hashrate has gone form 13 to 50 EH/s (that's EXA hashes per second, 10^18...). Mining doesn't provide a fresh supply of coins. That's just the incentive to actually do it. It processes transactions. If all miners stopped there would be no confirmed transactions and the price would go to zero. But they won't stop. If someone cannot afford to mine because of the low price, and the someone else too... Sooner or later it's going to be profitable for someone to continue mining. What we have seen happen is that the growth of the mining network slows down in the bear market. But only after a year or so of declining prices. If anything mining follows the price. Not the other way around. And the effect is far from immediate... |
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Dreamchaser21
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September 18, 2018, 01:23:41 PM |
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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 quiet not stable, simply because it can change easily. If miners stop from mining, then the price of bitcoin will not become stable, because everyone will panic if that things happen and the price will dump. Well, stable price of bitcoin is really what we want maybe in the future we will see more stable market. |
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bobo012
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September 18, 2018, 01:58:19 PM |
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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. |
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1Referee
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Merit: 1427
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September 18, 2018, 05:27:25 PM |
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If anything mining follows the price. Not the other way around. And the effect is far from immediate...
Correct. I think we are the point at which the network won't experience ridiculous amounts of growth anymore while the price isn't doing anything other than jumping up and down within the $6000-$7000 levels. By now the majority of those who ordered their hardware during the bull run last year have received everything and their hardware is up and running now. It's good for the miners to have a relatively stable difficulty development during a market that's not willing to go up. There has only been one difficulty decrease this year, which was 3.45% back in Juli, but 14 days after that the difficulty jumped back up with nearly 15%. It ain't easy being a miner. One day you're counting your profits during a bull run with a thick fat fee reward on top of it, and the next day you're back into reality hoping for the price to go back up. |
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hatshepsut93
Legendary
 Online
Activity: 2968
Merit: 2147
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September 18, 2018, 07:14:01 PM |
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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.
Do you realize that Bitcoin's blockchain in entirely public, so anyone can go and test your statement by analyzing the blocks data. There's nothing like what you have described, there are not huge gaps in block times that are outside of standard deviation. Also, if miners wanted to decrease supply, they could have just hodl their coins. |
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mostkey
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September 18, 2018, 10:41:01 PM |
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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 is getting more saturated at this time there is no big thing to encourage everyone to believe in the sustainability of prices that will rise again, prices are still volatile but little by little, so do not underestimate the ongoing price because it will increase without us knowing and indeed I agree to You are above, the miner is always alive trying not to stop to get something valuable, it's wrong if you see people have stopped to get Bitcoin, a miner costs a lot to buy equipment so they will use it as much as possible under what circumstances also, this is a friend's test. |
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sunsilk
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September 18, 2018, 11:16:12 PM |
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I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. Bitcoin doesn't have a stable price and miners are there to confirm those transactions. Small miners would stop to mine if they find it no longer profitable to them to mine but to the long time miners, they just can't stop. If ever majority of them will stop, a new batch of miners will come in to take the advantage that's being passed by those miners who stopped. The supply of coins freeze and the price would definitely freeze to. Freeze? what do you mean by this? is it like this, when people HODL(freeze) their coins, price will stop? no. If one stop moving then the other one will follow.
Then the other one will take over. |
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snipie
Legendary
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#SWGT CERTIK Audited
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September 19, 2018, 06:29:04 AM |
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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 mining process didn't stop and will not in the near future. What make the price relatively stable is the supply equal to demand. If the mining activity will cease then a new era for bitcoin will start. |
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Idrisu
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September 19, 2018, 07:34:08 AM |
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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 never think it in this way but I just got some understanding after reading this thread. Mining actually affect the bitcoin's price movement. Cryptocurrencies market is a wonderful market that we keep on learning everyday. I have invested into bitcoin an makes some money from it last year and that is when mining activities were high and I believe that this year it is stable because of the same mining activities too. |
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Tapyaks72
Member
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Activity: 490
Merit: 28
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September 19, 2018, 08:50:45 AM |
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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 mining process didn't stop and will not in the near future. What make the price relatively stable is the supply equal to demand. If the mining activity will cease then a new era for bitcoin will start. The market is just in equilibrium to the demands and supplies which is good, for the mining community, it seems that bitcoin price is making it's move slowly but surely, because previously the price will pump and immediately dropped down due to some correction which is for me not good. |
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TravelMug
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September 19, 2018, 10:11:59 AM |
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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 already heard such statements going around about the relationship between price and bitcoin mining. It says that for miners to be able to profit or at least breaks even the price should be around $6K but I'm not sure if this theory sounds plausible though. Did miners pump the price if bitcoin goes below $6K, or it is the whales who really pump the price and doesn't want to get it below $6K? Unless though we have definite proof about the price relationship, this is just another theory and be included in the mysteries surrounding this crypto sphere. |
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justspare
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September 20, 2018, 05:29:01 AM |
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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.
It is stable because it doesn't move hourly, give it some time. Bitcoin doesn't move for weeks and than moves 10% in an hour quickly, it is not a constantly moving price deal, it moves maybe 5% at max a day but normally if you are expecting 15% or something that doesn't happen every day. If you think moving 5% a day is stable than when you get stocks that moves 0.1% a day most of the time than you will go crazy. It is said that if you miss out on 20 days in the past 20 years of stock market movements you are missing out making profit, just the most profitable 20 days of stock markets make it profitable to be invested for the past 20 years, if you miss those days, you might as well never invested. |
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serjent05
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Cashback 15%
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September 20, 2018, 05:35:34 AM |
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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 kinda disagree with what you said. I do believe mining somehow have effect on the prices but.. miners does not stop mining and the supply never freezes, remember bitcoin have a constant supply in every blocked solved until it halved. It will take another century for Bitcoin to stop giving reward. I think bitcoin price is tanking because of several reasons and one of which is the adoption of every country, the legalities issue that if approved will boost the people getting in to Bitcoin. So in short, it is not the miners but rather the adoption of people. Remember market price is driven by supply and demand. |
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marcbitcoins
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September 20, 2018, 05:45:18 AM |
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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. |
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Herbert2020
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September 20, 2018, 05:54:28 AM |
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the price is stable right now because a lot of people (you included) who have invested in bitcoin have no idea what bitcoin is and how it works. the only thing they knew when they bought bitcoin was the fact that price was rising and they had a hope for a huge profit out of this "thing" they bought.
if these people started educating themselves about how bitcoin works and what it really is (so they don't make mistakes about basics such as "miners stopped mining"!) then they would have been buying this unique and full of potential decentralized currency instead of letting the whales be the only ones accumulating at these low prices then buy when it went up already.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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arwin100
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September 20, 2018, 06:52:06 AM |
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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. |
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