Part of the fun is that it is volatile. Maybe one day we will see an altcoin backed by something in such a way that it rarely moves. Perhaps a coin backing up gold? Or maybe in the future this is just how currencies are going to be. 
Topic: bitcoin cannot replace currency in the world because price is not stable - page 19. (Read 13362 times)
September 29, 2017, 07:06:41 PM
This is always something people in the bitcoin world will discuss. I see this as a good thing. If it were stable we would not be able to profit off it like we do. that would not be fun now would it Part of the fun is that it is volatile. Maybe one day we will see an altcoin backed by something in such a way that it rarely moves. Perhaps a coin backing up gold? Or maybe in the future this is just how currencies are going to be.
Part of the fun is that it is volatile. Maybe one day we will see an altcoin backed by something in such a way that it rarely moves. Perhaps a coin backing up gold? Or maybe in the future this is just how currencies are going to be. 
September 29, 2017, 06:57:26 PM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
problem is not lack of price stability - with high capitalization will be HARD manipulate price of BTC.
But real problem is skaling with 300 000 tx per day you can dream.
To be able to serve as wolrd curency it need to be with unlimited tx/day will BTC survive that ?
September 29, 2017, 06:40:38 PM
Volatility is more obvious when you are constantly comparing it to an outside
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
Nice point there mate. The volatility really comes with certain product, instrument, or altcoin that you are comparing with bitcoin. Although I love it most when it is kind of volatile because there is just too much of an opportunity to gain some profit from a very short period of time. Just remember always that you should have pre-planned trading plan before you even make a trade.
and yet you understand that quality alts will bounce back and begin to rise in anyhow, this fluctuations really giving us a chance to earned for
a short trades.
September 29, 2017, 09:44:23 AM
Volatility is more obvious when you are constantly comparing it to an outside
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
Nice point there mate. The volatility really comes with certain product, instrument, or altcoin that you are comparing with bitcoin. Although I love it most when it is kind of volatile because there is just too much of an opportunity to gain some profit from a very short period of time. Just remember always that you should have pre-planned trading plan before you even make a trade.
and yet you understand that quality alts will bounce back and begin to rise in anyhow, this fluctuations really giving us a chance to earned for
a short trades.
September 29, 2017, 08:52:37 AM
Volatility is more obvious when you are constantly comparing it to an outside
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
Nice point there mate. The volatility really comes with certain product, instrument, or altcoin that you are comparing with bitcoin. Although I love it most when it is kind of volatile because there is just too much of an opportunity to gain some profit from a very short period of time. Just remember always that you should have pre-planned trading plan before you even make a trade.
September 28, 2017, 01:16:48 PM
Yes, people will think that they were crazy to choose bitcoin as primary currency. Well, that might be reason why bitcoin is just an asset which is being used to gain profits with those up and down movements of bitcoin writhing short period of period of time. That is the quality of bitcoin which attracted true investors in first place and they started creating assets for themselves and earned millions over it.
The bitcoin should be looked at in the similar way only. It can never become currency of nation or world which people keep speaking about. Thee is not sufficient circulation which can feed all the population on the earth so that's the another pint one should jot down apart from the fluctuations.
September 26, 2017, 09:08:17 PM
Volatility is more obvious when you are constantly comparing it to an outside
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
currency. So when you look at BTC vs. the Euro, it looks pretty wild. And the
Euro looks stable.
BUT, if you compare Euro vs. Dollar, it actually moves quite a bit too. Since the
start of the year, the Euro is up 15% v. the Dollar. But people in the Euro area
don't feel the volatility because they are immersed in it. So the more widespread
BTC becomes, the more the apparent volatility will decrease.
September 26, 2017, 08:05:02 AM
Bitcoin cannot exchange your own country's currency. Bitcoin is not invented just to change our used currency in our own country. And not the very citizens who control the currency itself the government controls it. They are so fast that they monitor that's why currency so stable, it is not like in bitcoin that is new and not just controlled by the government.
September 26, 2017, 06:49:01 AM
Yes,bitcoin price is not stable because of its decentralized nature.Its volatile nature could not be solved.It is due to this volatile nature,bitcoin has not been yet legalized in many countries and also it has not been accepted by many merchants.Its price could not be made stable since it is not a nation's currency which is controlled and regulated totally by the appropriate countries.
Unless,its price does not gets stable,it will not replace currency but it would be rather used as a secondary currency.
Unless,its price does not gets stable,it will not replace currency but it would be rather used as a secondary currency.
Bitcoin has alot of hurdles to cross to be able to replace fiat.
Volatility is just one aspect why Bitcoin might not be able to replace fiat. atleast all currencies do fluatuate in value on a daily basis, so that's not unique to Bitcoin. I think it's also important to know that bitcoin is technology based, unlike fiat requiring at minimum internet connectivity making those who live in places without good networks and those who do not have the technoloical knowledge to manage their own transaction not merge well with the concept.
September 26, 2017, 05:48:45 AM
Yes,bitcoin price is not stable because of its decentralized nature.Its volatile nature could not be solved.It is due to this volatile nature,bitcoin has not been yet legalized in many countries and also it has not been accepted by many merchants.Its price could not be made stable since it is not a nation's currency which is controlled and regulated totally by the appropriate countries.
Unless,its price does not gets stable,it will not replace currency but it would be rather used as a secondary currency.
Unless,its price does not gets stable,it will not replace currency but it would be rather used as a secondary currency.
September 26, 2017, 05:14:44 AM
bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Bitcoin is made to be a global currency and not as stock.
Why is bitcoin so volatile?
Because bitcoin is in a very VERY young stage. The system isn't final yet. There are lots of updates to be made in the future that can determine if bitcoin will continue to be the de-facto of cryptocurrencies or not. Not to mention that we haven't achieved global adoption yet.
The USD has been around since forever. So common sense should tell you that it will be stable compared to crypto that hasn't even been around for more than a decade yet.
Do your own research.
But you are forgetting that USD or any other fiat currency is controlled by the government and Bitcoin is not controlled by anyone so price fluctuation is a common in Bitcoin. I agree with OP that Bitcoin is more like a Investment option then currency mode.
September 26, 2017, 04:57:07 AM
A day will come where everybody will own Bitcoin (or at least 90% of society). After you get everybody onboard it will be difficult to manipulate the price like that. Bitcoin will become more stable and people will be less scared of it.
With the current price swing of bitcoins going at least below $1000 in just a matter of hours due to China pronouncement to close exchange rates to some big financial institutions that handle big investment with fiat money saying that bitcoin is a big bubble comparing to tulip investment, it can only be less affected by these manipulations and inside trading through regulations (government regulations to be exact) but this is really not the main goal of bitcoin in the first place. Hence, it will be each investor call whether or not to hold or sell their bitcoins..
Every hard fork is always a good opportunity to a skilled trader. That said trader will going to buy when people are scared and selling their coins and then that trader will sell the coin when everything stabilizes and when people are starting to get greedy.
September 25, 2017, 02:31:12 PM
Nobody is saying about replacement. I think that all financial operations will move in the digital world one day. Countries will create the analogue of their fiat as crypto. So paper and physical money will go in the history simply.
September 25, 2017, 02:24:17 PM
A day will come where everybody will own Bitcoin (or at least 90% of society). After you get everybody onboard it will be difficult to manipulate the price like that. Bitcoin will become more stable and people will be less scared of it.
With the current price swing of bitcoins going at least below $1000 in just a matter of hours due to China pronouncement to close exchange rates to some big financial institutions that handle big investment with fiat money saying that bitcoin is a big bubble comparing to tulip investment, it can only be less affected by these manipulations and inside trading through regulations (government regulations to be exact) but this is really not the main goal of bitcoin in the first place. Hence, it will be each investor call whether or not to hold or sell their bitcoins..
September 24, 2017, 09:00:25 AM
The reason that it can not replace the real money is because it is just a secret. It does not belong to any country and can not be owned by any of them as it is being used by different countries globally through the internet. Bitcoins are limited and demand speculation, Bitcoin will be unstable and this is what prevents mass adoption. And even if bitcoin is adopted globally, no modifications can be made to the bitcoin. The government will not allow bitcoin to replace natural currencies for the most well known reasons. I believe bitcoin and fait coins can be coexistence.
Well, at the moment it can not replace the world currency but we never know what the future holds.
Well, at the moment it can not replace the world currency but we never know what the future holds.
Make total sense. Fiat money is controlled and regulated by the country it represents. Hence, unless there will be no longer a government, that is the time that fiat money may be replaced with bitcoin or any other altcoins. But that is really far from truth.. The government is very established and it won't allow itself to be thrown away by the mob.
September 20, 2017, 10:34:29 PM
Yes, people will think that they were crazy to choose bitcoin as primary currency. Well, that might be reason why bitcoin is just an asset which is being used to gain profits with those up and down movements of bitcoin writhing short period of period of time. That is the quality of bitcoin which attracted true investors in first place and they started creating assets for themselves and earned millions over it.
The bitcoin should be looked at in the similar way only. It can never become currency of nation or world which people keep speaking about. Thee is not sufficient circulation which can feed all the population on the earth so that's the another pint one should jot down apart from the fluctuations.
September 19, 2017, 05:58:02 AM
A day will come where everybody will own Bitcoin (or at least 90% of society). After you get everybody onboard it will be difficult to manipulate the price like that. Bitcoin will become more stable and people will be less scared of it.
With the current price swing of bitcoins going at least below $1000 in just a matter of hours due to China pronouncement to close exchange rates to some big financial institutions that handle big investment with fiat money saying that bitcoin is a big bubble comparing to tulip investment, it can only be less affected by these manipulations and inside trading through regulations (government regulations to be exact) but this is really not the main goal of bitcoin in the first place. Hence, it will be each investor call whether or not to hold or sell their bitcoins..
September 19, 2017, 04:57:02 AM
A day will come where everybody will own Bitcoin (or at least 90% of society). After you get everybody onboard it will be difficult to manipulate the price like that. Bitcoin will become more stable and people will be less scared of it.
With the current price swing of bitcoins going at least below $1000 in just a matter of hours due to China pronouncement to close exchange rates to some big financial institutions that handle big investment with fiat money saying that bitcoin is a big bubble comparing to tulip investment, it can only be less affected by these manipulations and inside trading through regulations (government regulations to be exact) but this is really not the main goal of bitcoin in the first place. Hence, it will be each investor call whether or not to hold or sell their bitcoins..
September 19, 2017, 04:35:54 AM
A day will come where everybody will own Bitcoin (or at least 90% of society). After you get everybody onboard it will be difficult to manipulate the price like that. Bitcoin will become more stable and people will be less scared of it.
September 19, 2017, 04:00:29 AM
Unfortunately, it's true. You can't quote prices or services in Bitcoin because it changes, sometimes by the hour. About the only thing a business owner can do is quote prices in dollars, and state that you'll accept the Bitcoin equlivalent at the time of sale. Does anyone ever see the price of Bitcoin settling and stabilizing to the point that you can post or advertise prices in Bitcoin? I don't. It's like gold ... People buy and hold and invest in gold, but no one prices their products in ounces of gold.
That is only true because fiat has become the dominant currency of the world, you need to look at history, for thousands of years prices were given in gold, the issue is that people are no longer used to do this, if bitcoin does in fact become the most dominant currency then you will see the fiat currencies moving like crazy and bitcoin will be the currency that is stable.Bitcoin is unstable because it is not acquired by anyone, so the price can be played by anyone without being controlled, I think it is an actual free market, but it is not appropriate for it to be tied to official regulation, we need to look further where bitcoin has the potential to escape control in terms of price and security.
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