I don't like this stable price!

[1Referee]

Loads of discussion going on with this topic, honestly I am desperately waiting for a change in market as it is still struggling. Stability should be there when the market is in red but not in the last quarter. However there will be something for a good reason. Lets wait and see.

The market itself isn't struggling, but more so those who are craving for the price swings crypto is known for.

In the end, every smart trader knows how to exploit even the smallest movements; it all comes down do how comfortable you are with leverage trading. In the regular markets (Gold, stocks, etc) traders don't know anything other than leveraging their positions, because it's not worth trading on a 1:1 basis. It's time for people here to accept that and move on.

Realistically speaking, the stable market is nothing more than a representation of how people feel; they aren't bullish, nor bearish, so why should the price do anything?

[1714621293]

1714621293

[Butonyki]

Well, Satoshi did not create Bitcoin for the so retail and wholesale people. He created Bitcoin for you & I to hold, be our own bank and trade Bitcoin Peer-to-peer. Stuff like this are pure deviation that will likely centralize Bitcoin in the long run. And once it is centralized,  ideological crypto enthusiasts will have something to criticize about.

However, if bitcoin price is not stable within a range there is not going to be adoptions

No, there is going to be adoptions. And Bitcoin is not designed to be stable. A stable price means it becomes inflationary like mere fiat.

Finally centralized/ Institutional adoption will destroy the ideals of Bitcoin because they will buy Bitcoin and sell to people just like centralized exchanges do.

Bitcoin was meant to be different from PayPal but it seems they are gradually turning into PayPal in the name of adoption.

I don't know what satoshi had in mind when it comes to retail usage/adoption, but (again assuming he was a real person and not some team with hidden agendas and whatnot) he was smart enough to know that the price would be either "a lot" or "0" in the long term, as quoted in one of his posts here or perhaps in the mailing list.

Anyway, the point is, he knew the price would keep going up, which gives an incentive for people to hoard it. Whether he saw that this would make it less interesting to use to make your groceries with or not I don't know. Im sure he did know but may not have mentioned it explicitly. The point is, your local fiat must collapse for people to spontaneously start using bitcoin out of necessity, until then, it's a better gold (which is more than enough for it to be awesome, I mean c'mon, we didn't had this only less than 10 years ago).

By the time fiat actually collapses, we will hopefully have fast, cheap transactions for retail payments, and all long term holders will be rich and ready to spend their coins.

Bitcoin is generally not for making money but for use as our local currency. If the price is not stable, it’s not a problem; you can hold your coins for more time and don’t be panic about the price. This volatility is good and profitable for many traders. You can also make money in this situation. Continuous growth for bitcoin is not good for new investors. Many people cannot buy in high price.

[Dodoymabs]

For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon,  maybe above $20,000 the stability is still not going to allow that to happen.  However,  if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become  acceptable.

Well, for the holder, it is likely a disadvantage because their stuck. But for the traders, this is probably the time to buy and sell due to the small fluctuation especially those who are short term traders. Better to divert some of your asset to altcoin and do the trades if you want to at least gain some good amount.

[piebeyb]

I think it will wait for the time to come if the beginning of next year the price of bitcoin drops below $ 4000, at least my price analysis is right, well at least it also gives many people the opportunity to buy cheap bitcoin in 2019, I also don't like stable prices like this

[GoodLuck2]

We always need to be stable before increasing its previous value, bitcoin should become stable before increasing to new high value. Bitcoin is always the dominant currency which makes us make more money when the bitcoin price starts increasing again.

We always want conditions of our own choice but actually it is not up to our wish but up to the demand rate that brings increase in price or may be decrease in price also occur whenever the demand rate decreases. However, stable price is good for us but again I will say that it is up to more participation and nothing more that help grow the market as well. The price will soon follow the uptrend if we participate in it because the more the demand rate increases the price will also.

[ololajulo]

There are other stable coins that can be used for trade online, I wonder why Tether is not used. It is more difficult for bitcoin to shift ground on the use as online exchange though it was one of the main expected features if it was stable. It should ring aloud that it is now an asset and other coin should serve this purpose as a stable coin use for trade.

[stayeduptolate]

For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon,  maybe above $20,000 the stability is still not going to allow that to happen.  However,  if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become  acceptable.

The unstable price invites speculators and investors and if you ask me, I'll say frankly that the use of bitcoin in day to day life is pretty limited and that's mostly due to its pretty high confirmation time to get the transaction confirmed, whereas ethereum and many other altcoins are way faster than bitcoin and can surely be used for the daily needs. And in fact the appreciation of price of bitcoin is the main reason why we are here as it have outperformed many great stocks in the past year by a great margin.

[joshv06]

We always need to be stable before increasing its previous value, bitcoin should become stable before increasing to new high value. Bitcoin is always the dominant currency which makes us make more money when the bitcoin price starts increasing again.

We always want conditions of our own choice but actually it is not up to our wish but up to the demand rate that brings increase in price or may be decrease in price also occur whenever the demand rate decreases. However, stable price is good for us but again I will say that it is up to more participation and nothing more that help grow the market as well. The price will soon follow the uptrend if we participate in it because the more the demand rate increases the price will also.

Yes everything depends on market demand and supply but it can be manipulated by whales for their advantage, let it be pump or dump whichever favors them, But the stable price will actually attract more investors as many mainframe investors are bit hesitant just because of volatility.

[MarchToke]

It's already written on the records that bitcoin's all time low this year was only at 5,000$ mark and a even a pullback to 4,000$ is unlikely to happen. Instead, bitcoin has put a thrust on its cap and price reaching to 6,000$ mark until now.

[xuv500]

I think it will wait for the time to come if the beginning of next year the price of bitcoin drops below $ 4000, at least my price analysis is right, well at least it also gives many people the opportunity to buy cheap bitcoin in 2019, I also don't like stable prices like this

I agree we have to wait for few more days, I never thought the price of BTC will go such a low in the last quarter of the year. This is a wonderful opportunity to invest in coins as the prices are cheap.

[Shinpako09]

I would love this stable price rather than seeing it falling. I don't think falling in the last quarter will happen especially there's a BAKKT on 12th of December where others expecting it will cause a rise. It maybe a good oppurtunity to buy if fall occur but I love seeing at a higher price because I just mainly sold.

[gilangIDR]

For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon,  maybe above $20,000 the stability is still not going to allow that to happen.  However,  if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become  acceptable.

For some people, indeed, a stable market is not good, because when the market is stable, we cannot gain momentum from significant price movements. For a trader, it is very important because with conditions that often change, it is an opportunity to make a profit. This cannot be ascertained and of course everyone must have their own interests.