Yep, I think it will need to be at least $10k before vol settles down
To reach $10k will have to demonstrate use cases beyond store of value properties
Topic: After five years, has Bitcoin finally reached price stability? - page 2. (Read 2073 times)
Real stability will not happen until bitcoin has at least 5 digits, but more likely 6~8 digits.
How would you define stability? I think 10% band would be the minimum to be called stable for a currency and 5% is very stable. Bitcoin prices in the past 3 months has gone up to $700 and down to $350, roughly a 30% band. Not very stable in my view.
I don't think it will be volatile when it becomes big enough.
Right now it's just a small boat rocking from side to side with the smallest burst of air.
But, when it becomes the size of a tanker..........
+1 Right now it's just a small boat rocking from side to side with the smallest burst of air.
But, when it becomes the size of a tanker..........
nice comparison
I don't think it will be volatile when it becomes big enough.
Right now it's just a small boat rocking from side to side with the smallest burst of air.
But, when it becomes the size of a tanker..........
Right now it's just a small boat rocking from side to side with the smallest burst of air.
But, when it becomes the size of a tanker..........
As long as Bitcoin is not universally accepted as a currency and people keep trading Bitcoin as a commodity, it will continue to remain volatile. A mainstream entity publicly investing in Bitcoin can easily cause a bubble, while all it takes for a crash to happen is one Bitcoin investor holding a large amount of it suddenly cashing out. There's also the ongoing struggle to gain official government recognition and mass public adoption. Future halvings, DPR's seized funds getting dumped onto the market, Mt. Gox miraculously recovering another cold storage wallet when Karpeles runs out of money to pay for his lawyers' retainer fees, et cetera -- a lot of things can and will shake the Bitcoin market. Bitcoin is volatile -- that's just a given.
One of the distinguishing characteristics of Bitcoin is that it is extremely volatile. This has always been the case until the past few weeks when the price seems to have stabilized in the 400-600 USD region. Of course such a wide range would still be considered extremely volatile if Bitcoin was compared to fiat currencies but do you think that Bitcoin is in the beginning stages of finally converging onto a stable price? Or do you think that there will be more bubbles and crashes in the future?
What is different now from other bear markets? price seems stable beacause there was very low volume last weeks and a reversal is in place.
And there will always be bubble and crashes, it is a deflationnary assets prone to exuberance. As the marketcap will mature, price will be less wild. As more and more people wait for the same wild jump&crash in price, it will correct that by itself.
Though, there will be a lot more bubble and bear markets before marketcap will be usefull for merchants.
Hardly. To me, this is just the beginning. Stability will only occur when there's wide adoption and massive market cap. We are far from it. Till then, enjoy the ride!
One of the distinguishing characteristics of Bitcoin is that it is extremely volatile. This has always been the case until the past few weeks when the price seems to have stabilized in the 400-600 USD region. Of course such a wide range would still be considered extremely volatile if Bitcoin was compared to fiat currencies but do you think that Bitcoin is in the beginning stages of finally converging onto a stable price? Or do you think that there will be more bubbles and crashes in the future?
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