Quote from: upsidedown75 on October 22, 2016, 04:13:11 AM

Quote from: BitAurum on October 20, 2016, 01:05:27 PM

Why are we stuck in the $600 price range for so long?

What do you think is the reason behind this?

The reason behind this is that there are more and more users and as the users will increase the price will become stable because then if someone sells 100 or even 200 bitcoins the market wont change much while if there were limited number of people then market fluctuates much quickly.

Huge investors or traders or even whales could actually make the price of bitcoin move. We are stuck on a particular price because there are no activities on that time frame and i assume all of those bitcoin users just tend to hold their bitcoin and dont intend to sell or buy even more.