Topic: Bitcoin now a stable coin? (Read 12915 times)
Bitcoin cannot be a stable coin in that at this time the market is still unregulated and for this reason it is very speculative, when it will begin to be more regulated then Bitcon will start to have a reserve value like the gold
Perhaps, if bitcoin is an stable coin, for sure none of the traders would able to get profit with it, most probably they would get it from the altcoins. But because of volatility we can able to get profit in many ways through altcoins. Though, bitcoin was on top of the digital currencies
in the entire world now.
in the entire world now.
Well, it's enough to take a look at the price chart to make sure that Bitcoin is not gonna stop pumping and dumping. A lot of events in the crypto industry is happening regularly and at the same time, Bitcoin market cap is quite nothing compared to huge players like Dollar or Oil. So it's kinda OK that the price changes every time.
Anyone who is following the bitcoin prices will know that they can never be stable. The prices are manuipulated by the whales and they will never let bitcoin price to be stable for a long period of time. Also we cannot compare bitcoin with Dollar or Oil becasue both of these are centralized and managed by a central authroity while bitcoin is a descentralzied.
No Bitcoin is not stable now.
We can see bump or dump anytime now.But if you want to buy btc and trade with that you can do that anytime
We can see bump or dump anytime now.But if you want to buy btc and trade with that you can do that anytime
In fact, it is Bitcoin's volatility that attracts more and more investors. Even if you do not consider past opportunities, in the last resort, Bitcoin has increased its price almost 4 times over the past year, and this is already a great achievement for many investors.
I think bitcoin won't be a stable coin, because the appeal of bitcoin is the unstable factor. If bitcoin is stable, investors will leave it because they don't get a booming effect from fluctuating prices.It needs to be understood that the majority of bitcoin owners are speculators who hunt big profits from the movement of bitcoin prices which change very quickly from minute to minute. For example, yesterday the price of bitcoin was USD 13086 but today is USD 11997. But tomorrow can change again to USD 14000. That's where the bitcoin trade attracts.
Bitcoin can never and will never be a stable coin. The most volatility in crypto space is Bitcoin. Eventhough it consolidate for some time, nomatter how long this continues, it does not make it to appear or stand for stable coin.
In fact, it is Bitcoin's volatility that attracts more and more investors. Even if you do not consider past opportunities, in the last resort, Bitcoin has increased its price almost 4 times over the past year, and this is already a great achievement for many investors.
Bitcoin is showing great performances this month, and I am looking forward for another outstanding improvements as days goes on. The opportunities is coming in despite of hardships while bearish market take full control lastly, and while bitcoin taking a higher price right now stabilized price will will maintain a minimal fluctuations.For many people, it is strange and even scary a bit that Bitcoin seems to be the only one cryptocurrency that is showing the great movement. Altcoins are sleepy. Probably, soon tokens will become faster.
Bitcoin can never be a stable coin. It's purchasing power can become more or less stable, but its exchange rate against USD will continue to increase for the foreseeable future. It is very simple actually. USD is not protected against inflation, while BTC is protected. So in normal circumstances, the BTC vs USD exchange rate should go up, as long as both the currencies exist.
In fact, it is Bitcoin's volatility that attracts more and more investors. Even if you do not consider past opportunities, in the last resort, Bitcoin has increased its price almost 4 times over the past year, and this is already a great achievement for many investors.
Bitcoin is showing great performances this month, and I am looking forward for another outstanding improvements as days goes on. The opportunities is coming in despite of hardships while bearish market take full control lastly, and while bitcoin taking a higher price right now stabilized price will will maintain a minimal fluctuations.
In fact, it is Bitcoin's volatility that attracts more and more investors. Even if you do not consider past opportunities, in the last resort, Bitcoin has increased its price almost 4 times over the past year, and this is already a great achievement for many investors.
Under no circumstances will Bitcoin become a stable coin, though it can trade along a constant price over a certain period but it won't be term as stable coin. Stable coin like USDT is coins with a pegged to US dollar at 1:1 ratio.
As bitcoin not a stable coin people becoming more interested on investing on bitcoin instead of a fiat (usd, gbp etc), there are many reason of investing on bitcoin and not becoming stable is one of them.
Under no circumstances will Bitcoin become a stable coin, though it can trade along a constant price over a certain period but it won't be term as stable coin. Stable coin like USDT is coins with a pegged to US dollar at 1:1 ratio.
Bitcoin is an unstable coin and it is good for us as it is not stable that is why we are able to make a good profit if it was a stable coin then we would not be able to make a good profit.
No, you can still continue to trade bitcoins. Now he is very animated and you can make money on it again. But it is best to buy bitcoin and leave for a couple of months, maybe a year.
bitcoin price always changing faster than altcoin for excample around 3 days ago bitcoin price move $100 just in one hour wow, it's absolutely unstable coin price man
Yes it is true price of bitcoin use to change it rise and fall, with number of investor price get higher, so it will be unstable, when it rises gives us an opportunity to buy some coins at low price, we actually don’t want it to become stable coin because the aim of investing our money it to get profit for better investing result we will have to wait for I to rise again.
Actually the strategy used to get profit, when we sell bitcoin up to usdt. Today's price of bitcoin starts to fall, we can use it to buy altcoins, because altcoin starts up again.
Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol
Bitcoin proved several times here the it is one of the number digital currency that always on top 1 in the market according to the coinmarketcap now it was more than 11, 000$ each bitcoin were it is already showed up that bull run was also already happened so far.
Well, it's enough to take a look at the price chart to make sure that Bitcoin is not gonna stop pumping and dumping. A lot of events in the crypto industry is happening regularly and at the same time, Bitcoin market cap is quite nothing compared to huge players like Dollar or Oil. So it's kinda OK that the price changes every time.
Only now I begin to understand that there is no better investment than Bitcoin and it is necessary to accumulate it to the maximum, a large number of companies, people use it and will not sell
Previously many people complain about the Bitcoin price because when the price is fluctuating many people comment on it negatively. So now people are showing some positive trend towards the Bitcoin, Bitcoin price can't be stable at any time we have to accept the fluctuations and upwards trend in the market.
Only now I begin to understand that there is no better investment than Bitcoin and it is necessary to accumulate it to the maximum, a large number of companies, people use it and will not sell
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