Is $6000 to $7000 the stable price for bitcoin?

[ELOCIN]

I think that's the stable price of bitcoin because that's what we also experienced almost throughout this year. Bitcoin is just hovering at 6,000$ and have a time too that it break the 7,000$ mark.

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[samycoin]

As of now yes 6000 to 7000 price of bitcoin is stable price. We can't predict what will be the of bitcoin in next few weeks or months but thankfully we are in stable price than to we see that bitcoin in under that price.

[Bustart]

6000 USD is a stable price for bitcoins and reducing further is something that is impossible to occur. The  next thing to happen to bitcoins is to break the 6000 price level to a higher price then we can be assured of 10,000 usd.

$6000 is stable price in this month of october it is good but it also not good because the price not increasing and we need to focus now to increase again the value of bitcoin more than $6000 and better if we see 10k dollars so the people convince again to invest to bitcoin and possible to 20k dollars to happen again.

As far beyond the observations I had for the past days of October and also months ago, this price ranges from $6k to 7k still remain consistent and I do agree it has stabilized. However we're still struggling to come back to much higher price, that everyone would wanted to. This has become more chaotic than ever before, many of the panic holders dump some portions of their holdings, and again buy back.

[sirohige]

the condition of bitcoin prices this year seems to be in a stable rate at the price of $ 5000 to $ 6000 because I feel that there is no good news that can trigger an increase in bitcoin prices so prices become more stable, this is the perfect moment to buy as much bitcoin as you can because prices are still stable and not too expensive.

[Dr.Osh]

the condition of bitcoin prices this year seems to be in a stable rate at the price of $ 5000 to $ 6000 because I feel that there is no good news that can trigger an increase in bitcoin prices so prices become more stable, this is the perfect moment to buy as much bitcoin as you can because prices are still stable and not too expensive.

in this case it is very difficult to say stable, because basically the change in the price of bitcoin occurs so fast. but when the price stays at $ 7k, of course it can be a stable thing. but anyway we won't be able to see that before the price of bitcoin actually reaches the price of $ 7k.

[Christopher_Hayes]

I don't think so. If it is, then why hasn't companies started accepting bitcoins as an alternative payment options for physical money and credit cards? Besides, I think someone pointed out in another board that the current price isn't stability, but more like a coma. When it will wake up from it, we never know.

[davinchi]

We always have a "stable price" that is only stable for a while and than changes all of a sudden. If you are expecting bitcoin to be around these prices for a long time than don't hold your breath because it will not be around these prices forever. It can stay here for a while but won't be too long because prices always change in bitcoin even though mostly it is stable.

Prices were stable during 2010 as well until 2013 break out happened, than the price was stable until the 2014 crash happened and now it is stable, no matter what happens for a while in the end the price skyrockets and crashes making it really harder for anyone to follow and just feel comfortable. Good news is whenever price goes up and comes back down it usually comes back down higher than what it was, so I don't know much about what bitcoin price will be but I know one thing, doesn't matter how high bitcoin gets, in the end when it crashes down again it will be higher than 7k when it crashed.