Price stability

[The Sceptical Chymist]

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.

I had to check a bitcoin chart just now, because I get confused on dates and such, and it looks like from October 2014 to October 2015 the price was trading in a pretty narrow range under $300.  And then from December 2015 to around May 2016, bitcoin was again stuck in a range of $380-$450 (or thereabouts).  So periods of price stability have happened in the past, so I'm not surprised we're seemingly in one of those periods now--and I'll add that I'm grateful this time the range bitcoin is "stuck" in is above $6000.

I've said it before, but I'll say it again:  stability is exactly what you want if you're using bitcoin to buy things, or if you're a merchant that accepts bitcoin without a payment processor who converts bitcoin to fiat.  But if you're holding bitcoin as an investment or if you're a trader, obviously stability isn't your friend. 

I'm a little bit in both of the above categories.  I don't actively trade, but I'd definitely like what bitcoin I have to appreciate in value.  I also spend bitcoin now fairly regularly, so for me it's fine if the price is stable (or at least doesn't drop). 

The bitcoin market behaves weird sometimes, but none of what we've seen is really out of the ordinary.  Plus news of development tends to get priced in very quickly.  I'm a believer in efficient markets for the most part.

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[Capt00]

So far I have known this is the year that Bitcoin makes a stable price in the market, it took how many months that being stability price.
I like the idea who posted above, he stated very well. Indeed, encouraging us to help the market grow by keep holding on our Bitcoin to our portfolio to make demand lessen and make the price expensive. Also in trading that's make contribute the market green.IMO.

[giacatluong]

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 crypto market is always a secret to us all and Bitcoin has never been simple and easy to understand. We just see the price does not change much. It's hard to make a judgment at this point.The current price is still acceptable over 2014 but we need more.

[MarkClark]

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.

Yeah, The Lighting Network was first proposed by Thaddes Dryja and Joseph Poon in a prospectus in 2015 to create a new revolution in Bitcoin that helps make payments faster and at a lower cost.

[bettercrypto]

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.

The stability of bitcoin at a lower price might be healthy in the future for bitcoin in terms of financial usefulness. The lower the volatility, the lesser the risk of investment. This scenario might atrract large-scale investors to invest in bitcoin due to lower risk.

[Mhd-Bobbi]

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...

Ha ha ha....
Next year? Since when?
Don't dream of going up next year, the current prices are getting lower and lower, maybe you need to do research, not make predictions.

[KorakPawon]

Well I think it is because of people remain keeping their bitcoin to see how the price can move up to the next level that is expected higher than before. I cat tell whether it is good or bad since people has different situation and consideration. Just waiting and enjoying the moments ahead, can we be stronger in this situation or not, can we tak a profit from  this or not.                                           

[eternalgloom]

This is definitely not a unique situation, but it's understandable that you haven't seen it yet, since you've been here since 2014.
I remember that the price was also very stable, right after the Mt. Gox crash.

I think it was hovering around a couple hundred dollars for months after the even, only to slowly start rising again.

This isn't a prediction or anything like that, just saying that this situation is definitely not new.

Here are the charts from back then, see almost the same sort of stability as we're seeing now.
Even the time-frame seems similar.

[Dilerium90]

The market can never be eternal stability. It’s just that the market is gathering strength for further movement and as soon as a sufficient volume appears, we will see a roller coaster. It's my opinion.

[BitHodler]

I think it was hovering around a couple hundred dollars for months after the even, only to slowly start rising again.

This isn't a prediction or anything like that, just saying that this situation is definitely not new.

Here are the charts from back then, see almost the same sort of stability as we're seeing now.
Even the time-frame seems similar.
-snip-

I remember how that was the time people were pointing at to be an accumulation opportunity, and similarly, I have been pointing out for a while now that current stability offers an amazing accumulation opportunity.

I do believe that there is still downwards potential in the short term, but that is nothing to be afraid of. In my book a lower price means more coins for the same amount of fiat, and that's something I won't ever say no to.

The thing with most people is that they really need the price to increase in order to finally start buying, because that's the only way for them to know if the market is doing good or bad. Down is bad, up is good. It's that simple.

[Indrawan77]

The stability is a bit heart pounding, but it's still normal, although the price is stable the transaction volume, the demand and supply still in a normal rate, so we don't need to be worry, for now we are lacking of new investors, many people still wait for the right moment to invest and some even still traumatised with the huge drop on the early year, because of not too many stores and people are using bitcoin as currency, the development doesn't affect too much on the price

[Snaic]

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 situation does not concern only one Bitcoin. The price of bitcoin at the present time can be still quite good and the stability of this price also. However, in such a situation, the entire cryptocurrency market has been stagnant for almost a year now. Altcoins generally almost a year in decline. The situation with the ICO is simply disastrous. Therefore, it’s not even a bitcoin case. I am most worried about other types of cryptocurrency.

[Genamant]

The condition of the market right now its either stable or bear
I dont know until when is this accumulation stage or maybe its true that it will still get lower as it is right now

[ngano ba]

Price stability can not really be achieved by the cryptocurrency world ,the individual altcoins , for  cryptoct currency coins are not stable but it will always change every now and then , that is why bitcoins and the whole cryptos is being term as very volatile.

[badungs]

indeed we all really hope if the price of the crypto currency can be stable in the trading market. and for the past 10 years, this year the crypto price has decreased significantly and has made crypto users anxious and many crypto users have stopped because they have suffered huge financial losses. and this year the crypto price is very difficult to rise and tends to continue to decline. no one can predict and prevent price fluctuations.

[ethereumhunter]

I think the stability is good for bitcoin so the merchant can add bitcoin as the new option for the payment and now yes, we are stable at a price now. But I am sure that bitcoin price will not stop on the price now, but it will increase higher and then will stable like now. And if we check on the history, we could see the bitcoin price moves from lower price to the higher price, and it will always happen, but of course, there will be a correction of the price so bitcoin price can increase higher. The stable conditions now will change and will move bitcoin price to the new level of the price so the price can jump to the higher price.

[bangkit tri]

indeed we all really hope if the price of the crypto currency can be stable in the trading market. and for the past 10 years, this year the crypto price has decreased significantly and has made crypto users anxious and many crypto users have stopped because they have suffered huge financial losses. and this year the crypto price is very difficult to rise and tends to continue to decline. no one can predict and prevent price fluctuations.

with high price fluctuations, in my opinion provide its own advantages, of course, traders will be happy with such conditions, of course, will have many opportunities to get profit

[1mile]

I believe we would see price stability when most project begin to have a working product.

[Hexah]

Price stability in my opinion may vary and implementation of LN is a good thing but I guess it isn't ready yet. Considering on the latest price I can see that crypto whales are still on play.

[LeetPoolsOP]

The media do a great job of informing the public about cryptocurrencies. Even despite the fact that sometimes talk about cryptocurrencies from the bad side. All the same, we can clearly see that this sphere is actively developing. Yes, prices have fallen and become more stable. But there are more and more projects based on cryptocurrency, coins are often used as a means of payment for goods and services, the number of exchanges and people working with cryptocurrencies has increased. This is significant progress.