Quote from: jamids on October 10, 2018, 11:50:54 PM

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?

Maybe but still there is the possibility that it would go down. Currently price has been bouncing up and down which is a good opportunity for the traders while making the holders impatient because they are expecting for a turn of market and if it would be possible to happen as soon as possible then it would be good. Nevertheless, I would suggest for the holders to start studying trading if they want to take advantage of the market situation.

Yeah I think that $6000 is the dip price for bitcoin because investors and especially miners cannot afford fewer price than that. They will stop mining if the price drops more than $6000. They already complained for low profit, now if the price drops more they will completely stop mining and the result no supply in the market. And when there is no demand for bitcoin, it will die.