MadGamer (OP)
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October 31, 2018, 06:36:44 AM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
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NeuroticFish
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October 31, 2018, 06:46:43 AM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
My personal opinion is that the current state comes from people not wanting (usually) to sell cheaper than current price and buyers not willing (yet) to pay more. I also think that this is kind of boiling point and should not last long. From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
Not necessarily. LN is still far from the point it can be called finished/non-beta/safe to use. Some still estimate it to be good only in 2 more years. That's a lot, especially for day traders and speculators. The speculators don't care much of long term development and the good news may not "touch" them so easy. These do factor in as soon as the bull market kicks in; then every tiny good news can cause overreaction. Until then, we have to wait patiently... |
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kokobaba880
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October 31, 2018, 07:04:21 AM |
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Bitcoin price at present time is good because if we look at the present market situation it is the actual position of the crypto market and the abnormal fluctuations in the market seen in the last year 2017 and now we can say that price is stable in these days so we can say that future is prosperous.
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diamond_shine1
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October 31, 2018, 07:24:39 AM |
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in fact at this time the price of bitcoin dropped was very normal because at the beginning of the year bitcoin had already directed its highest price.
I think next year bitcoin will rise...
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ralle14
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October 31, 2018, 07:51:32 AM
Last edit: October 31, 2018, 08:15:23 AM by ralle14 |
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We do have the Lightning Network but you shouldn't expect the price to increase right away because of this. It's only a solution to the reduce the on chain transactions and there's not a lot of merchants that uses the Lightning Network. Maybe at some point in the future it could boost the price even more once the network gets busy again so that more merchants will be encouraged to use it.
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JuneTaro
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October 31, 2018, 07:57:42 AM |
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The stability of the bitcoin when investors worry, they wonder whether in the future they will continue like or down much more, This somewhat affect the psychology of investors
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exstasie
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October 31, 2018, 09:18:06 AM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014. Based on Bollinger Band width, Bitcoin reached these low levels of volatility in 2015 and 2016 as well. The price was stuck in a particularly tight range this last couple weeks, but overall this is nothing out of the ordinary. From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
The market is still reeling from the bubble pop last year, so it doesn't really matter how strong the underlying fundamentals are. The market cycles take time to play out. |
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avikz
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October 31, 2018, 09:42:46 AM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
For me, a stable crypto price is more welcomed than a volatile crypto price! It has several upsides and with a very little downside. Let me point those out for you, 1. Volatile pricing was one of the major bottleneck for the merchants to accept cryptos as a payment method. Because of the fluctuation risk, the potential to loose money over time was way higher. With a stable price, more merchants will be open to cryptos as a payment method because they won't have to deal with the price fluctuation. 2. Stable price is good because the market is not ready to sell cheaper than current price. It seems to have reached an unwritten consensus among the buyers and sellers. Only an impatient imbecile will sell it cheaper! 3. Stable pricing will effectively discourage a HODLer to hold the crypto for longer time with a hope of good return! It will encourage them to come out of their coffers and to be used as a currency (the original goal of crypto) 4. Stable price effectively encourage the market to see a long term sustainable growth over a period of time! If the fluctuation is not high, people will see a sustainable growth very similar to the real world stock market because speculators will be acted out of the picture which effectively brings down the risk of huge slide! So for me, stable pricing of a crypto is welcome than a volatile market. If you want to see a sustainable growth now, start using your cryptos as a currency whenever possible! |
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paulspider
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October 31, 2018, 09:55:28 AM |
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The stability of prices of altcoins and bitcoin has been a major concern that needs to be addressed. Most people are of the hope that market prices goes on well so that transactions become very smooth.
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proTECH77
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Bisq Market Day - March 20th 2023
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October 31, 2018, 10:07:11 AM |
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The fact still remains that, Bitcoin is more of a currency than what it used to be before now (it volatility), so, the price been see currently interpret Bitcoin stability, which is more of value than the former. Though the Lightning Network impact might not be felt now but in a way still work for Bitcoin price and putting the said digital currency (BTC) into global acceptability.
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crwth
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October 31, 2018, 10:17:55 AM |
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Probably the current users of bitcoin and the upgraded network are still the same. Not many people, who are new, are getting into the cryptocurrency scene. Unless they are putting in more money in it, so the volume would still increase, and demand would be added, leading to the rise in price.
I think what we need more is basically more mass adoption and the problems encountered during the ATH of Bitcoin could be solved by that Lightning network.
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bitbunnny
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October 31, 2018, 10:21:40 AM |
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The price just looks like it's stable, although some volatility is always present when we talk about Bitcoin price.
Many people are holding their coins waiting for the price to recover or because they bought Bitcoin for much biger price and that also influence the market. Also, new investors seemed to be a litte sustained.
Still I'm not worried because situation with price will change and we all know that changes happen in cycles. So at the moment it isn't maybe the best one but it will not last forever. When investing, patience is very important.
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jseverson
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October 31, 2018, 10:32:36 AM |
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From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
It's in beta, and it's not quite straightforward enough to use for the average joe. It's awesome that it's working well, but people won't really care about that until they can actually use it for their daily purchases. I'd personally say stability is a good thing. Considering that the market thrives on developments, you'd imagine lack of developments would be bad for the market, but that hasn't held true at all. The other alternative, the way I see it, is people lose interest and a sell-off occurs. I'm fine with stability lol. |
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binhvo1505
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October 31, 2018, 12:20:50 PM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
Although there is a lot of good news about Crypto, you should be sympathetic to it, because the financial world is not stable at the moment. Every home has a huge debt and financial markets are now falling apart. So when bitcoin kept the price above 6k $, that was a success. |
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davis196
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October 31, 2018, 12:42:54 PM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
The LN hype over the bitcoin price is gone a long time ago.Just don't expect the Lightning Network to be a bitcoin price booster.The current bitcoin price stability is good and bad at the same time. It's good, because the bulls and aggressive traders are waiting,and it's bad for the same reason.  |
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Lumi3004
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October 31, 2018, 01:12:38 PM |
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In this case the crypto price is indeed difficult to predict or stability for now,
All crypto experienced the same thing about prices going down but I am sure this is a positive sign for the crypto world to buy as much as possible the main thing is patience when prices experience a sharp decline.
For that, if we buy as much as possible, be patient a little to wait for the price to go up and sell it, now for the future, I'm sure the crypto price will be stable.
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blackhawkeye1912
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October 31, 2018, 01:30:13 PM |
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After 9 months of decline from last year's price, here is bitcoin very stable between $6,200 and $6,500. This might give us a hint that the stable price of bitcoin is between this range. Some investors are just feeling sad probably the hype of 2017. As experts are saying one way to be mainstream is to be stable.
Here is bitcoin very stable.
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Impulseboy
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October 31, 2018, 01:34:38 PM |
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Bitcoin price at present time is good because if we look at the present market situation it is the actual position of the crypto market and the abnormal fluctuations in the market seen in the last year 2017 and now we can say that price is stable in these days so we can say that future is prosperous.
The price of bitcoin may be quite stable now, however, can we tell if this stability has a benefit? We keep saying that stability will make companies start accepting bitcoin as payments. We also say that people may join the crypto world once the price drops at a reasonable rate that many people may be able to afford, but does anyone know if it has affected the market in good terms? |
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JohnBitCo
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October 31, 2018, 01:36:15 PM |
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I'm not even sure whether this is a bad or a good thing right now but this is definitely unusual and I have never seen it before even though I have been in the crypto scene since 2014.
From what I can see the development (Lightning network etc.) is more active than it ever was, so shouldn't that give a little boost to the price at least?
Price stability can only come when crypto is regulated and there is some governing body which controls the crypto. Until that time whales will keep on manipulating it to their benefits by pumping and dumping it and will never let it to be stable. |
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munareal
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October 31, 2018, 01:48:05 PM |
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The lighten network is not doing much for the price stability because it is not a factor that determines the price of bitcoin. what determines the price are :
1. supply of bitcoin and market demand for it
2. number of competing cryptocurrencies
3.exchanges it is traded on
4.regulations governing its sale
5.it is internal governance.
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