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Topic: Bitcoin now a stable coin? - page 5. (Read 12876 times)

hero member
Activity: 2128
Merit: 520
June 01, 2019, 10:08:57 AM
Does it currently look like stable coin? Because at the moment the price of bitcoin is up as much as almost 3x over the lowest number a few months ago
When this thread was created there's no current movements in terms of this coin value, or it's just a little pumped or dumped, but afterwards we seen that particular rise giving a big benefits to those who bought when it reached the bottom from the correction that's been happen after the huge rally of 2017-18 bull, again there's no sure thing inside but always have surprises for all the traders and investors.
member
Activity: 546
Merit: 17
June 01, 2019, 10:04:49 AM
Does it currently look like stable coin? Because at the moment the price of bitcoin is up as much as almost 3x over the lowest number a few months ago
hero member
Activity: 1134
Merit: 517
June 01, 2019, 08:19:32 AM
You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.
Bitcoin's price is not determined by anything. If you decide to buy it at 1$ then its price is 1$. What we see in exchanges as buy and sell walls are just because people are ordering coins at those prices. Nobody wants to sell below the market price which is the current highest bid and thus the price inflates are become big. But if you wish you could also sell it at lower price at your one dealings. There would noting keeping the price stable here.

It is not like gold where a piece of gold is pledged to every ETF of gold.
Seller always try to sell on highest price and buyer try to buy on lowest price that is why it is trading and we can see buy and sell wall on the exchange (crytocurrency) not only it happens for the crypto market but also it happen for every stock market.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 29, 2019, 02:30:13 AM
You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.
Bitcoin's price is not determined by anything. If you decide to buy it at 1$ then its price is 1$. What we see in exchanges as buy and sell walls are just because people are ordering coins at those prices. Nobody wants to sell below the market price which is the current highest bid and thus the price inflates are become big. But if you wish you could also sell it at lower price at your one dealings. There would noting keeping the price stable here.

It is not like gold where a piece of gold is pledged to every ETF of gold.
hero member
Activity: 1134
Merit: 517
May 25, 2019, 03:02:49 AM
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.
You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.
The truth is that one cannot in any way compared the market volitility of Bitcoin to that of fait currency like that of US Dollars and Euro. Have you forgotten that Bitcoin can increase in market value up to Hundred percent with just few days.
Yes, it is possible for bitcoin market value can increase hundred percent on more because it is bitcoin which price is higher than any other coin and also its dominance is more than the total altcoin.
sr. member
Activity: 1330
Merit: 291
May 21, 2019, 04:43:08 PM
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.
You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.
The truth is that one cannot in any way compared the market volitility of Bitcoin to that of fait currency like that of US Dollars and Euro. Have you forgotten that Bitcoin can increase in market value up to Hundred percent with just few days.
sr. member
Activity: 1330
Merit: 291
May 21, 2019, 04:37:12 PM
Bitcoin price stability is what we have been clamuring for so that the level of adoption will increase and in that way Bitcoin market value will increase more than the level we are seeing Bitcoin at the moment. Many shops and businesses are afraid adopting Bitcoin mainly because of its volitility in its market value.
hero member
Activity: 1134
Merit: 517
May 21, 2019, 12:26:54 PM
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.
You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.
member
Activity: 1021
Merit: 12
May 20, 2019, 03:08:31 AM
Not true, I think Bitcoin still has a fluctuating price as we saw some time this, Bitcoin is rising significantly so as to make happy holders.
sr. member
Activity: 714
Merit: 250
May 20, 2019, 01:58:10 AM
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.
hero member
Activity: 2590
Merit: 585
Leading Crypto Sports Betting & Casino Platform
May 20, 2019, 01:51:54 AM
bitcoin is a stable coin and the main coin in trading.  if compared to other coins and tokens, I don't think anyone can compete with bitcoin.  Bitcoin prices are growing steadily
Bitcoin is the main coin on crypto market but bitcoin is not a stable coin almost all the time it will have up and down and it is too much risky but yes if we can hold then we may get good profit.
Not only good profit but excellent profit that is not available somewhere else that is why the Bitcoin is the number one choice of crypto traders. Though the Bitcoin is not stable coin but the ups and downs have make it very interesting and attraction for all the traders who want maximum productivity. There is no risk in the Bitcoin as long as you are holding all your coins and sell them only on high market price.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 19, 2019, 02:17:24 AM
its kinda awkward to use stable to a very volatile market
its just bitcoin had been down for a quite a while so i guess its time to go up now
Its temporary, like everything else in life. Once it goes up it has to come down and vice-versa. The most stable part we say was the last year. I think stability in terms of price is what people need to focus on. This does not make bitcoin a stable coin because that is a different concept. Stable coins are backed by assets that have stable price and thus they remove the market volatility factor by changing the supply amount. Thats where clash with ideology of bitcoin's original whitepaper comes in.

Whether bitcoin will remain stable in future - definitely not. It is subject to market risks.
hero member
Activity: 1134
Merit: 517
May 17, 2019, 02:07:50 PM
bitcoin is a stable coin and the main coin in trading.  if compared to other coins and tokens, I don't think anyone can compete with bitcoin.  Bitcoin prices are growing steadily
Bitcoin is the main coin on crypto market but bitcoin is not a stable coin almost all the time it will have up and down and it is too much risky but yes if we can hold then we may get good profit.
hero member
Activity: 1008
Merit: 501
May 13, 2019, 03:57:34 AM
Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

at this moment i think so. bitcoin is now much stable coin than last years. last year people thought it's over for bitcoin but we all know bitcoin didn't come for gone. now after couple of correction bitcoin too much stable than ever. people start invest on bitcoin and market going in green again.
But it is not a coin like USDT. Roll Eyes

Bitcoin is showing steady growth this year than the 2018 which doesn't mean it is a stable coin it is the better coin.
It's a better one compared to any available cryptos, it isn't stable even we are seeing small movements, the market is always an opportunity insides the investors minds, take advantage of flat movements as you won't be able to see it back when the bull begins to rush out and run strongly inside the market.
Now the small movements seem big as recently there the Bitcoin value appeared on the search engines by 10% growth. This is a moment of excitement for traders who decided to buy the previous months are now in profit while those who were in small loss are now in fine profit as well. It comes are a result by holding your coins and it must be happening much more in the upcoming days too so keep holding it.
full member
Activity: 715
Merit: 101
May 11, 2019, 01:03:36 PM
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
full member
Activity: 730
Merit: 102
Trphy.io
May 11, 2019, 12:09:55 PM
its kinda awkward to use stable to a very volatile market
its just bitcoin had been down for a quite a while so i guess its time to go up now
sr. member
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
May 11, 2019, 09:04:43 AM
Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

at this moment i think so. bitcoin is now much stable coin than last years. last year people thought it's over for bitcoin but we all know bitcoin didn't come for gone. now after couple of correction bitcoin too much stable than ever. people start invest on bitcoin and market going in green again.
Now everything is happening just as you say and the market is actually turning more green, so many investors become very excited. I think if this green market can last for a long time, we will make a very good profit from holding but need to be careful because after the increase there will be a huge adjustment in this market and you are not allowed to be subjective when investing
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
May 11, 2019, 04:05:31 AM
But it is not a coin like USDT. Roll Eyes
USDT came after bitcoin because of a so-called "need". That need was actually fake and a cover-up for the tether scammers who inflated bitcoin's price in order to dump on people's face back in December 2017. People still cant see how badly managed tether is and how much of a scam bitfinex is upto.

Quote
Bitcoin is showing steady growth this year than the 2018 which doesn't mean it is a stable coin it is the better coin.
This is not fully correct. Stable coins came in after the so called volatility of bitcoin which made people lose money after the tether pump. People thought that stable coins would allow them to hedge funds while bear market pulls in, but in reality thats not the case. If you really want to steer clear of a the incoming bear run, sell your coins for fiat and wait it out. You cant compare bitcoin to stable or a "better" coin in that manner.
hero member
Activity: 756
Merit: 500
May 08, 2019, 07:07:27 AM

Of course, it's very obviously that there are no correlations between bitcoin and the rest of the stable coins.

For one, the volatility, second who in the hell invest on a stable coin? I mean bitcoin has it's up and down but if you are a holder, you don't need to hedge your bitcoin to stable coin.

So there's so similarity whatsoever, and we have different markets as well. I don't know if you guys have experienced it, but one drawback is that the fees of withdrawing a stable coin is exorbitant, not good for crypto enthusiast.
when the price of bitcoin is already very reasonable, the cost of withdrawal will be very expensive because as happened some time ago when the price of bitcoin touched a price of $ 19k, bitcoin transactions became crowded and it was very difficult to be able to send bitcoins sending bitcoin quickly.
hero member
Activity: 2842
Merit: 772
May 08, 2019, 03:00:27 AM
Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol
I don't see a parallel between Bitcoin and any other stable coin. Stable coins are those cryptocurrencies that are designed to achieve the common goal of providing a stable means of savings. And Bitcoin was not originally developed for this purpose. Therefore, at the moment and with these requirements for cryptocurrencies in general and the characteristics of stable coins Bitcoin doesn't meet the requirements for stable coins.

Of course, it's very obviously that there are no correlations between bitcoin and the rest of the stable coins.

For one, the volatility, second who in the hell invest on a stable coin? I mean bitcoin has it's up and down but if you are a holder, you don't need to hedge your bitcoin to stable coin.

So there's so similarity whatsoever, and we have different markets as well. I don't know if you guys have experienced it, but one drawback is that the fees of withdrawing a stable coin is exorbitant, not good for crypto enthusiast.
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