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audaciousbeing
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October 08, 2018, 05:16:18 PM |
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This is another angle to look at things which further confirms the saying that ''there is good in every situations''. However, I don' think because of the stabilization experienced in the past couple of weeks would then start to attract investors to the market that would make bitcoin a perfect alternative to other commodities of value. It goes beyond that. For one, the current phenomenon is not what is fine with everybody because we all want an higher price especially when we have seen periods of unimaginable increase and no matter how, people won't be settled with this current situation no matter how long it tarries. Secondly, majority of market participants enjoys the volatility because its at that point, their return on investment is more guaranteed within a short period of time compared to this dragging scenerio.
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BitHodler
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October 08, 2018, 07:17:48 PM |
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It's not the first time we have seen the price be this stable. Back in 2015 the price needed what looked like an eternity to break through the $300 mark, and it might very well be similar right now.
Manipulation adapts to what the situation is, and with how you don't need extreme volatility to profit from leveraged trades, manipulation is more under the radar than most people think.
Regulators don't really care about volatility. It's more so that they don't know what to do with this market, especially when you take into consideration that there is more to lose than to gain for them.
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BSV is not the real Bcash. Bcash is the real Bcash.
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coolcoinz
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October 08, 2018, 08:14:08 PM |
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Or it cold mean that we are in a textbook consolidation. If this pattern continues with a slow but steady uptrend with higher lows we will be able to celebrate the beginning of a new bull market. Manipulation is still there and it doesn't matter if it's a bull or bear market. It's just that in a bull market you don't care. You're so happy with gains that you ignore flash crashes and FUD.
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dunfida
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October 08, 2018, 08:25:08 PM |
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Or it cold mean that we are in a textbook consolidation. If this pattern continues with a slow but steady uptrend with higher lows we will be able to celebrate the beginning of a new bull market. Manipulation is still there and it doesn't matter if it's a bull or bear market. It's just that in a bull market you don't care. You're so happy with gains that you ignore flash crashes and FUD.
Consolidation state if we are talking on forex or stocks trading but as of now on this kind of stabilization of price for quite sometime possible thing or price trends will vary on what would be the next possible fundamentals or news upcoming. If its positive one then high chances that we will shoot up if another hacking or fuds goes out then expect on what would happen.
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Spaffin
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October 08, 2018, 08:56:13 PM |
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The current relative price stability of Bitcoin is very temporary. By its nature, bitcoin cannot be stable in price. If bitcoin really became stable, then the states would more quickly legalize it. The states already know that Bitcoin cannot be stable in price, which is why there is a problem with its legalization. For this reason, Bitcoin can never replace gold.
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1BTC EQUALS 1CAR
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October 09, 2018, 01:10:16 AM |
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I don't think so. The people who are against like the big banks are surely trying all they can just to crash our precious bitcoin throughout the year but I'm surprised but it still did not. It's because the big whales our trying to maintain a good price so people won't leave bitcoin.
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Rahar02
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October 09, 2018, 01:44:35 AM |
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Just let the market growing on its own, naturally without interference from government, regulations, and this what we got, less volatility due to there's no anything that lures people to panic buy and vice versa. What makes the bitcoin market volatile is traders or majority people who looking for profits in the price swings, but since there is nothing intrigue it, people tend to hold.
Nevertheless, legislators and regulators won't just see the volatility index in the last one or two months. The most important thing for them about how to control the market or at least there is no manipulation occurs in the market which causes new investors to go broke. But, it never gonna happen due to greedy people around want profits as much as possible they can earn.
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alex_gr_cc
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October 09, 2018, 09:02:31 AM |
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This stabilization indicates market uncertainty. If desired, large bitcoin holders can again make the market volatile. I don't think we need to be calm. The market is still at any time can manipulate. As they say - the calm before the storm.
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Mallyx
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October 09, 2018, 11:54:02 AM |
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Bitcoin market's 101- Price down: manipulation
- Price up: manipulation
- Nothing happen: not manipulation
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1Referee
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October 09, 2018, 03:02:38 PM |
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I don't think so. The people who are against like the big banks are surely trying all they can just to crash our precious bitcoin throughout the year but I'm surprised but it still did not.
Banks aren't interested in crashing the market, they are interested in riding a market they can easily exploit in all possible directions. Why crash something that can make them an exorbitant amount of money year after year? Banks are used to exploit 0.5-1% fluctuations in the legacy market, while with Bitcoin they bank on fluctuations being x10-x20 of what they are used to. In other words, trading Bitcoin means way more bang for their buck. It's because the big whales our trying to maintain a good price so people won't leave bitcoin.
I'm not so sure of that. In a market heavily depending on speculation it hurts more for people to see Bitcoin be as stable as it is right now. People come here for an unforgettable ride, but all they got in the last months is plenty of the same; boring stability.
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buwaytress
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October 09, 2018, 04:19:30 PM |
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Could be just a simple case of general fatigue across the board, rather than just a lack of interest/intrigue. Almost every channel with the tag signal or whale is now waiting for poised breakouts or yet another slump. Bitcoin volatility is far from over, these types of sideways action is just the gathering momentum before some sudden move that will be as always inexplicable. As always, we'll get the post-commentaries giving us the reasons for why it happened. Nevertheless, legislators and regulators won't just see the volatility index in the last one or two months. The most important thing for them about how to control the market or at least there is no manipulation occurs in the market which causes new investors to go broke. But, it never gonna happen due to greedy people around want profits as much as possible they can earn.
Exactly. 10 years of parabolic rises, and at least three spectacular downturns will not be easily erased by two or three months of relative stability. We've already seen multi-year stagnancy, and that didn't stop 2017's boom. Those alone will be red flags for manipulation in the traditional sense and impossible to disprove.
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jwplayer0
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[REP] Augur
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October 09, 2018, 05:01:20 PM |
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Could be just a simple case of general fatigue across the board, rather than just a lack of interest/intrigue. Almost every channel with the tag signal or whale is now waiting for poised breakouts or yet another slump. Bitcoin volatility is far from over, these types of sideways action is just the gathering momentum before some sudden move that will be as always inexplicable. As always, we'll get the post-commentaries giving us the reasons for why it happened. Nevertheless, legislators and regulators won't just see the volatility index in the last one or two months. The most important thing for them about how to control the market or at least there is no manipulation occurs in the market which causes new investors to go broke. But, it never gonna happen due to greedy people around want profits as much as possible they can earn.
Exactly. 10 years of parabolic rises, and at least three spectacular downturns will not be easily erased by two or three months of relative stability. We've already seen multi-year stagnancy, and that didn't stop 2017's boom. Those alone will be red flags for manipulation in the traditional sense and impossible to disprove. Yes i am agree with that but after 13' december price was between 250-500$ for 2 years
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darkangel11
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October 09, 2018, 08:10:07 PM |
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Yes i am agree with that but after 13' december price was between 250-500$ for 2 years
That's because China banned exchanges. There's always a cause and effect. Nothing happens without a reason. We are in a bear market because of huge rise that required a correction. Last time we were in a bear market because the biggest bitcoin exchange went bankrupt and took a large chunk of coins out of circulation. The situation is much different now and I very much doubt that we'll see a 2 year long bear market this time.
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timerland
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October 09, 2018, 11:38:59 PM |
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Obviously, bitcoin's volatility has been quite low for the past few months.
This is probably not due to the fact that price manipulation is any less than it was during the run up of the bull market, but rather because of the bear market that we're in and the tendency of the market to move sideways during this period of consolidation.
The article does raise an interesting point though regarding the fact that bitcoin could potentially see some use as a store of value and an alternative to gold, I do see that in the future. However, I doubt that this bear market has anything to do with the adoption of bitcoin as such form of store of value.
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