Is Bitcoin the new stable coin.
- Thread starter Sunya
- Start date
- Nov 16, 2011
- 19,792
- 11,285
Do not decide on 7 day period only. Look at bigger picture.
chifriwice
Junior Member
- Apr 27, 2022
- 115
- 73
i'm not too sure about btc, xmr i would suggest
iCommunicate
Registered Member
- Sep 17, 2020
- 71
- 49
Btc is more like a grenade waiting to explode
- Jan 31, 2017
- 261
- 33
Yes, XMR Still stable and reliable until now
Crypto Marketing
Regular Member
- Sep 16, 2022
- 448
- 335
Bitcoin is up over 65% since the start of this year, beating major commodities and stock Indexes.
7 days is a short period of time from which no specific data can be collected.
So your statement is wrong.
7 days is a short period of time from which no specific data can be collected.
So your statement is wrong.
- Oct 11, 2013
- 524
- 423
As you say, Sir!
- Mar 21, 2013
- 24,772
- 31,556
OP is right that i's treading sideways for quite a while now. It's been stuck in this region for weeks.
Anyway you're right, it's up lie 70% on the year, still down 60% from ATH tho.
IMO it's gonna rally again, but I confess it's taking longer than anticipated, especially with USA regulators trying to impose their CBDC and going after crypto.
skyisthelimit01
Newbie
- May 4, 2019
- 43
- 9
I think Bitcoin will become the crypto more stable in the market
alurosu
Elite Member
- Jun 16, 2020
- 2,187
- 1,662
Or Zcash (ZEC)
HustleTong
Elite Member
- May 30, 2019
- 13,466
- 10,661
Probably waiting for the Fed's rate hike decision
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
Exchanges do not decide the price of Bitcoin. The demand / supply (buying / selling) of Bitcoin decides the price of Bitcoin.
Buying / selling of Bitcoin is mostly done THROUGH exchanges, but that is a totally different story.
Bitcoin price definitely is affected by whales who manipulate Bitcoin price, but that is a totally different story.
Exchanges do not decide the price of Bitcoin.
Bitcoin price moving sideways for a while is obviously indicative of the whales ready to soon pounce on both the leveraged long trades AND the leveraged short trades. And obviously, the whales work along with the exchanges, as a gang operation. Why ? Millions of (US) dollars are made, on an ongoing basis, when leveraged trades get liquidated. So, to "make it happen" (as it always happens), the exchanges and the whales are all part of the manipulation gang. As simple as that.
Bitcoin price moving sideways for longer than expected, is as usual an indication of a big "wave" hitting (as it usually happens, nothing new). If Bitcoin price moves sideways for longer than expected : It means that BOTH long trades AND shorts trades will get "sucked", by a big "up" and big "down" OR a big "down" and a big "up" dance by the whales, quite soon, as it usually happens (nothing new at all).
- Feb 9, 2023
- 2,669
- 315
Yes, I also noticed it. It's been so calm since many days. But it is for a brief period I guess.
It should take direction this week as USA CPI data is coming.
It should take direction this week as USA CPI data is coming.
xReminisce
Elite Member
- Dec 29, 2012
- 7,333
- 36,787
If stable means a variance of ~500 in a 24hr timeline
jesus christ, please save us
jesus christ, please save us
- Oct 11, 2013
- 524
- 423
From my point of view, that's even more unnatural. How can the price sattle down to the same baseline with so many jumps.
We all need saving, one way or another. Don't we.
xReminisce
Elite Member
- Dec 29, 2012
- 7,333
- 36,787
Means, the world is split in half whether they want to dump or buy right
Not as much as fish needs savingWe all need saving, one way or another. Don't we.
- Apr 10, 2020
- 3,303
- 872
Bitcoin has shown big fluctiations in last 10 years. It cannot be termed as a stable coin based on performance till now.
