Topic: At what price point do you think BTC will become more stable? - page 2. (Read 552 times)
November 01, 2017, 01:46:50 PM
I do not think that the stability of the Bitcoin exchange rate depends on its price in the market. The high volatility of bitcoin is inherent in it by nature. Perhaps, when all 21 million bitcoins are mined, then it will more or less stabilize in price. For now, as it continues to grow in value and its recognition is growing with a society in which passions continue to seethe with respect to the crypto currency, Bitcoin will for a long time be subject to sharp fluctuations.
I think either a 25k bitcoin has the change for relatively stable price point compared to what we are seeing now. But if you want true stability I think this will only happen when bitcoin market hits 1 trillion and that will be
~50k a coin so perhaps we are 5 years away yet. Time will tell but I would imagine it starts to get more stable in the 5 figure range
~50k a coin so perhaps we are 5 years away yet. Time will tell but I would imagine it starts to get more stable in the 5 figure range
It seems to me that to stop the volatility of bitcoin is not possible. In the case of Fiat currency it is the national Bank and the government. On exchanges Fiat currency too, there are the regulators which do not allow speculators to destabilize the market. Bitcoin does no such mechanisms. Thus the fluctuations will always be.
Well I suppose the most stable place it could get to is 0, because then there's no way for the price to go but up. 
For it to get relatively stable, it would have to go into a bear market and out of this bubble phase to a point at which most of the owners are relatively secure about the position. In the last bear market (2015), this was around $200, and it was stable enough for a good year after that.
It's also possible that it would get stable if the price went up over a long and gradual rise. However, this would require the price to be justified by genuine usage, otherwise it will always have the potential to continue being volatile and cause a lot of panic.
Even if it reaches that high, it might fluctuate similarly to how gold does - quite drastically, but over several years at a time.
For it to get relatively stable, it would have to go into a bear market and out of this bubble phase to a point at which most of the owners are relatively secure about the position. In the last bear market (2015), this was around $200, and it was stable enough for a good year after that.
It's also possible that it would get stable if the price went up over a long and gradual rise. However, this would require the price to be justified by genuine usage, otherwise it will always have the potential to continue being volatile and cause a lot of panic.
Even if it reaches that high, it might fluctuate similarly to how gold does - quite drastically, but over several years at a time.
As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
Bitcoin price is determined by demand and supply, Bitcoin has limited supply so the price will fluctuate depending upon any demand that enters the market and it is still on the process of people adopting it and for Bitcoin to be stabilized it requires big amount invested by people all over the globe, for now the liquidity is not enough to stabilize it and it will take a very long time, maybe when the market capitalization of Bitcoin hits trillions, for now expect more ups and downs.
The price of bitcoin would not stabilise until there is global awareness and acceptance. BTC is still in its growth stage, so still expect a lot of fluctuations for now.
What i feel is it will be a perma case with bitcoin to fluctuate with pricing.
In my opinion, once all bitcoins have been mined, we may see one massive price fluctuation, then it will stabilize from there.
As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
For now bitcoin is still in the range of growth so bitcoin prices will continue to increase. Opportunities for the occurrence of price fluctuations are still very large. Maybe we just can see stable bitcoin prices in the next few years. Bitcoin prices are strongly influenced by the demand for bitcoin and also how the popularity of digital currencies in the world today.
As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
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