Quote from: Ozero on October 02, 2018, 03:45:22 AM

Quote from: kentrolla on September 27, 2018, 11:25:08 AM

There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?

Perhaps this is true, but such a price can be considered stable for Bitcoin only this year. Stable prices for Bitcoin can not be. It will always change. Perhaps it will become more stable when Bitcoin reaches a certain maximum limit in its value. However, the achievement of this maximum limit can immediately be accompanied by a sharp fall in its price as it was last December.

Cryptocurrency market as it is so called is a market and not a person that would listen to you. However, the price is going to be in the short term or in the long term is only going to be dependent on how the global space entirely perceive its usage and how we get to see mass adoption over time.

No one knows how far the market would go up eventually or if there is still room more to go downward, but even though we are having some sideways movement between $6k and $7k does not mean it would remain like this forever.