Stop calling Bitcoin ''stable'' it's not.

[Biscutard]

Obviously it hasn't been stable ever since because of its high fluctuation rate that even a slightest movement of the market can trigger such big changes in the market. I don't think people will like it that way if bitcoin is really stable like their own fiat currency on their own country.

[XinXan]

Well  Seems like I was right after all and the ''big move'' happened today, although unfortunately it was a bear move. This is exactly what I was talking about, people get too comfortable, everyone thinks bitcoin is stable and then boom, that's when shit happens, bull or bear runs.

[mocker001]

Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.

It's like saying, this bomb is stable because it hasn't exploded yet.

I strongly agree with you Mate! you were right the bomb exploded today I hope that it does not keep exploding I already lost  8.000 $. I am trying to not fall down and cry like a little kid but is hard . Do you have Any suggestion for us, please? or someone? I am willing to be open-minded and listen to everyone. Anything to calm the nerves like theories, explanations, vodka, cookies, rum, jokes…

[XinXan]

Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.

It's like saying, this bomb is stable because it hasn't exploded yet.

I strongly agree with you Mate! you were right the bomb exploded today I hope that it does not keep exploding I already lost  8.000 $. I am trying to not fall down and cry like a little kid but is hard . Do you have Any suggestion for us, please? or someone? I am willing to be open-minded and listen to everyone. Anything to calm the nerves like theories, explanations, vodka, cookies, rum, jokes…

Haha, sorry for your loss man, I always use stop losses so it doesn't affect me as much. I'm sure if you go to reddit or even here you will find the usual, ''buy the dip'' or something along those lines but I wouldn't be so quick to do it. At this point things like dead cat bounces can easily happen and trap even more people, If you haven't sold yet, you could just place a stop loss right at the bottom of today, if you did sell, I would wait for the dust to settle a little bit before trying to buy. I'm personally waiting for tomorrow to see what kind of continuation we have.

[Roukawa]

Price stability would not be good in cryptocurrency. Traders and investors are taking profit in terms of volatility. The more volatile the market has, the more profits we gain. Bitcoin is not a stable coin because of many traders who want to buy and sell it. It fluctuates high and low but not all time. We just experiencing low volatile today because there is no news that will trigger the market.

[Ultimist]

I agree with you. It is too early to talk about the stability of bitcoin. Especially now it has already started a sharp decline and I think that the price will continue to fall to record levels this year. But we will soon be able to see a new growth.

[Indai24]

Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.

It's like saying, this bomb is stable because it hasn't exploded yet.

Sure, bitcoin is always unstable. I don't think people think that bitcoin is stable.

Yes you're right, one of the qualities of bitcoin is that its volatile, and it will never be stable. If its going to be stable then it's not bitcoin anymore.

[Argoo]

After yesterday's sharp fall in the price of Bitcoin, hardly anyone will write that the price of Bitcoin is stable. The question disappears by itself.
Yesterday, bitcoin confirmed that it is still unpredictable in price bitcoin. In addition, it fell in price for no apparent reason. It is unlikely that this was facilitated by holding the BCH fork, which is scheduled for today.

[Quennlorna42]

Bitcoin is in the process of increasing its value rate so far, meaning that its bitcoin currency is not yet stable, because the price of bitcoin is still low on the market cap. and for me it's just a matter of perseverance and we just wait until it increases the price of bitcoin, and it all goes back to everything and will be the bitcoin stable someday.

[H1N1]

Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.

It's like saying, this bomb is stable because it hasn't exploded yet.

Yes, the bitcoin price is like the other altcoins, volatile in the market. But i think bitcoin is more stable than altcoin price.
Few months ago when altcoins going down with significant difference, btc price is only going down for few percentage.
But yes, all of the cryptocurrency price is unstable in the market, often to fluctuates.

[Sawadekub]

Of course. It seems to me that people who assume that Bitcoin can become a stable coin don’t know anything about it.
At the moment, I see only one scenario for Bitcoin - the price increase. Indeed, for all the years of the existence of Bitcoin, its price is rising. Yes, the price hesitates on this path. Sometimes it grows sometimes falls. So having a currency that is constantly growing (because it has a number of characteristics necessary for growth), we can only make one conclusion; this currency cant be a stable coin.
Perhaps bitcoin is waiting for another future, but the fact that this currency will become a stable currency is impossible.

[Kesari]

bitcoin price is so undervalued right now and yes bitcoin is not stable currency bcz it is crypto currency.currently the price of bitcoin is so volatile and market cap is also low.bitcoin price will be stable very soon.

[tarable]

Today proved my ass wrong about it being more stable. Today felt like one of the old days with a wild swing.

today the situation is like the old days, the bitcoin price is low, and the demand is also small. indeed the condition and price of bitcoin will never be stable. can only go up and down with time. but indeed the current state of bitcoin is declining and it is very difficult to predict by all of us who have been involved in bitcoin.

[D3F4L7 RAT]

Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.

It's like saying, this bomb is stable because it hasn't exploded yet.

it is just the fruit of hopelessness of some Bitcoin holders. No true investor wants his investment goes down from time to time. Those who are saying that the current price of Bitcoin was stable, are those who were lack of patience and trust, hence affecting the market as they buy high and sell low to atleast not loose everything. And they must stop it. Wait, wait, wait, and let patience be everyone's virtue.

[thankyoulord]

well to me bitcoin is stable now compared to the market trend early this year where bitcoin price was flutuating greatly. At least the past few months all we see is slight change up and down. we can boldly say bitcoin is stable or do you expect it to just remain in a fixed price?

[cherryganda]

Bitcoin will never be stable in price.
The market is very playful in cryptocurrency.
People keep buy and selling the tokens also.
The demand will dictate the price growth or lose.
The stable thing in bitcoin is the price changes nothing more.

[musharaf]

I think that whenever it is centrally controlled by one institution till that time it will not be stable and after that it can not be said that it will stable because the market forces like demand and supply can change the market situation and it is very important  to understand that crypto is highly risky but due to it's importance and value to the users and i hope that crypto is the good currency for the online job market and those who want to keep their money in every where.

[XinXan]

Today proved my ass wrong about it being more stable. Today felt like one of the old days with a wild swing.

It honestly feels that when people less expect it, something happens, up or down. I don't really think many people anticipated this crash at all. Bitfinex Shorts were really low, every day going lower, so obviously the bears weren't confident at all. Then again this happened mostly because of the hashrate battle, didn't it?

[sngwinner]

I think the word stable was used with respect to the situation at the time. But why would people want Btc to be stable forever?? I do not think anyone here would want that to happen, not now. Think of it, many want to make good profits from our investment and if Btc becomes stable now, how would that happen.

[evichi]

Bitcoin value have been fluctuating within some range, that is between $6000 - $7000 range (though,the value today is about $5500). Bitcoin performing within this range can be tagged as volatile/stable depends largely on individual opinion. A $1000 range - as in this case is big money in my own opinion, so I will personally say that bitcoin is volatile. However, for some people $1000 range is little and some people may call it stable. I think it is simply a personal opinion.