Quote from: kentrolla on September 26, 2018, 07:36:27 PM

Quote from: mahibul49 on September 26, 2018, 06:54:09 PM

bitcoin is stabilized at 6k usd and it will explode very soon.
bitcoin price will touch new all time high very soon.

Yes I hope your prediction comes true as bitcoin is at the verge of exploding and reaching new level, but as per the forecast at the beginning of the year by now bitcoin should have already crossed $15,000 mark but it did not happen, which means that it can either stay stabilized around $6000 or else it will perform like it did last year, Let's wait and watch how it goes from now on.

No Bitcoin cannot stabilize at all because its value depends upon the number of factors.The forces of demand and supply play an important part in determining the price of Bitcoin.If the demand is more the price will definitely rise and vice versa will occur if the demand falls.How much investment is done in Bitcoin also determines the price of Bitcoin.How many countries are supporting it or banning it also play the factor in regulating the price of Bitcoin.But Bitcoin is doing well irrespective of these factors.