damar09 (OP)
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November 29, 2018, 02:27:08 AM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
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mk4
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November 29, 2018, 04:28:20 AM |
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It's possible but it's very unlikely. Bitcoin and the cryptocurrency markets are still volatile as heck, and I think it would take a lot of time(probably multiple decades?) to finds it's sort of "stable" price. If you think bitcoin is "stable" at $4000, take note that people also thought bitcoin would be stable at the $5000-$5500 mark. Guess what happened? Volatility kicks in once again as usual.
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davis196
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November 29, 2018, 07:11:28 AM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
There's no such thing as bitcoin price stability.Having a price between 4000-5000 USD is NOT price stability.It's decreased volatility.BTC price stability is very temporary and rare,it happens only for a few days or just a few hours.Every market is unstable.The demand and supply always keep re-balancing all the time.
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Tytanowy Janusz
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November 29, 2018, 07:28:30 AM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
There's no such thing as bitcoin price stability.Having a price between 4000-5000 USD is NOT price stability.It's decreased volatility.BTC price stability is very temporary and rare,it happens only for a few days or just a few hours.Every market is unstable.The demand and supply always keep re-balancing all the time. But USD or GPB is more stable than btc. Why? Because its market is bigger (volume and marketcap). In my opinion bitcoin price would be more stable at 100k-1 mil$ price. It will have much bigger marketcap (it would be harded to push price) and it will have institutional investors on it. Now at 4k $ price whole btc has 70 bil marketcap - there are people reach enough to buy all btc at this price. Thats why they can push price in any direction causing fud.
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The Sceptical Chymist
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November 29, 2018, 07:37:14 AM Merited by Leonard2016 (1) |
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Um, yeah. Bitcoin isn't going to remain stable for long, especially when these new futures/options markets go into effect like I've been reading about (if they haven't already). More ability to trade + the ability of large institutional investors to use leverage = more price volatility. That's my guess anyway.
Plus bitcoin is still taking the severe hit that I figured it would after reaching its ATH last year, though I didn't think it would fall this low. On the other hand, if you're the type of person who actually uses bitcoin to buy things, price stability isn't a negative. That means you can defer purchases and hold onto your bitcoin for a while without having to worry that its purchasing power is going to decrease--though you'll miss out on any gains in purchasing power if bitcoin increases, too.
I've said it a million times: I'm not a trader of bitcoin, so I'm not hoping bitcoin stays volatile. That's how most traders make their money, i.e., through serious price swings. It's not going to affect my balance sheet at all, but part of what makes bitcoin so appealing to own and to follow is the craziness of the market. Thus I wouldn't mind it at all if we get either a crazy recovery or another serious drop. I'm hoping for the former but I would not rule out the latter.
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hugeblack
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November 29, 2018, 07:45:46 AM |
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If you look at the charts more deeply, the price stabilized at $ 6000 for a longer period of time. In fact, the price did not find stability at a certain point at $ 4000. What is going is trying to find bottoms out of the stability point, which will probably be at $ 5000 but I think we'll go back to $ 6,000 before the end of this year. These speculations and manipulation of prices will not last long. What worries me is the price of Bitcoin SV, as it seems to be behaving differently to the whole market, indicating a price manipulation.
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astridwi
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November 29, 2018, 08:24:03 AM |
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I heard some rumors that currently bitcoin is striving to provide trust in ETF and BAKKT, but the hard drive on BCH has given a serious price reduction to crypto, even though as a trader I prefer fast price fluctuations to provide better profits.
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nicster551
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November 29, 2018, 09:16:52 AM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
No one wants that to happen because they want to get a lot of profit from price action of Bitcoin to the highest. Bitcoin is currently being used for that kind of things.
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Ranly123
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November 29, 2018, 11:50:37 AM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
You might got a point about the stability of Bitcoin price. But when you look at it and base it in the law of supply and demand, the more people invest in bitcoin, the higher the price it would get. Plus given the limited supply of bitcoin, it would be impossible to have a stable price of it.
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cokroalif
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November 29, 2018, 12:12:24 PM |
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Your thoughts can still be denied, the price situation in a market cannot be stable. however, as we all know, BTC was still at the price of 8,000 USD people said the price was stable, but what happened, the price still dropped
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Baofeng
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November 29, 2018, 07:04:18 PM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
I don't see Bitcoin meeting a point of stable price specially when it drop to mid $3K, reason being is that the price is already too low and speculators are going to squeeze and make some money out of the volatility we have seen this month alone. We may even hit another bottom at the end of the year because I believed we haven't hit it yet. But this will be the final bottom and we're going to see bitcoin leg up after that.
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peter0425
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November 29, 2018, 08:19:16 PM |
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Your thoughts can still be denied, the price situation in a market cannot be stable. however, as we all know, BTC was still at the price of 8,000 USD people said the price was stable, but what happened, the price still dropped
Or even predicting that the price won't go below $10K after reaching a new all time high? So everything is really possible and because of the obviously volatility, Bitcoin price will not be stable no matter how we see it. And it ever it stabilises, it will be boring isn't it? We need this kind of price swing to make the market exciting again and of course to make profits out of its price not stable in the long run.
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logfiles
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November 29, 2018, 10:48:50 PM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
What do you think makes bitcoin very profitable for day traders? Where else can you buy something at $3700 on Monday and sell it at $4300 on Wednesday making a massive 600 profit within 3 days It's the volatility that's the best thing to happen to bitcoin trading, not the stability.I don't understand why you would say stability is the best way for bitcoin. Do you want stability? Try forex trading for about a month and you will change this attitude as soon as possible. But USD or GPB is more stable than btc. Why? Because its market is bigger (volume and marketcap). In my opinion bitcoin price would be more stable at 100k-1 mil$ price. It will have much bigger marketcap (it would be harded to push price) and it will have institutional investors on it.
In my opinion, the higher the price of BTC, the higher the volatility... Forget about marketcap, Bitcoin at 100K each coin? we shall see the mother of all volatilities. Imagine 20K swings maybe from 100K to 80K within 48 hours or less
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kotajikikox
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November 29, 2018, 11:43:16 PM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
I think nope it's very impossible bitcoin price stay at 4000$ to 5000$ range because as volatile currency no one can control their value it's either continue to dumped or it might become gives another history of bull run on ine can tell about digital currency where to go the price.
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harizen
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November 29, 2018, 11:51:19 PM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
Technical analyzation especially charting might not worked right now, much especially during the recent few days. Let those "issues" calm down a bit. Any speculations wherein bearish or bullish have a possibility to happened anytime even as we speaks. Right now, calm down a bit and monitor the situation. It's not easy to say that we might see below $3,000 or $5,000 tomorrow.
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Kopyleft
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November 30, 2018, 09:06:43 AM |
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but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
And if you look back a few months before then, (14th Nov) the price of Bitcoin was stabilizing around the $6100 - $6300 range. That's the unpredictability of the market. The market reacts to a lot of factors, Big news, panic sales or massive purchases, price manipulations etc. It would be a couple of years, corrections and regulations for Bitcoin to consolidate and have an actual value.
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BitcoinHodler
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November 30, 2018, 09:18:11 AM |
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at this point i don't really expect much of a stability for bitcoin price since we are in a big dip because of a big dump that has happened for no logical reason and we first need to see the price recover back up to normal levels possibly above $6k again before we can see stability. not to mention that bitcoin is not known to be stable for long. in the past it has been stable a couple of times like during the $200 range but these cases are not common.
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Holding Bitcoin More Every Day
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Pursuer
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November 30, 2018, 09:24:09 AM |
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but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
And if you look back a few months before then, (14th Nov) the price of Bitcoin was stabilizing around the $6100 - $6300 range. That's the unpredictability of the market. The market reacts to a lot of factors, Big news, panic sales or massive purchases, price manipulations etc. It would be a couple of years, corrections and regulations for Bitcoin to consolidate and have an actual value. bitcoin does have an actual value it is just that this value is mostly measured with the price and the price is decided on exchanges which happen to be unregulated and small. and that means price can be manipulated by someone with a little bit more than average amount of money and willingness to manipulate it and the experience to do so.
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iamverybusyperson
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November 30, 2018, 10:52:58 AM |
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at this point i don't really expect much of a stability for bitcoin price since we are in a big dip because of a big dump that has happened for no logical reason and we first need to see the price recover back up to normal levels possibly above $6k again before we can see stability. not to mention that bitcoin is not known to be stable for long. in the past it has been stable a couple of times like during the $200 range but these cases are not common.
Agree, but i hope bitcoin will be unstable in the meaning of rising price.
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panganib999
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November 30, 2018, 11:26:23 AM |
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Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
There would never be a stabilization because money moves, Yes bitcoin stayed for long time on $4000 to $5000 range but its never enough to say that it would be stable it just became less volatile at that time. Let us be knowledgeable about the terms because there will never be a stabilization in here, i guess it would be better if we use 'less volatile' to avoid misconception.
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