Bitcoin now a stable coin? - page 7.

TheUltraElite

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Quote from: Tungsten-1 on April 25, 2019, 03:33:25 PM

Bitcoin can never be the stable coin because it use to change the price sometimes it can be high or now, whole market is about the price of bitcoin so if price of bitcoin changes it use to move whole market price, stability of bitcoin is not possible for me, we will be able to see bitcoin the most unstable coin of the market.

Considering the current bear market end and the slight bull market rise the overall volatility is much lower. Bitcoin is not backed by anything to make its value stable and pegged to that asset. Its backed by the community support and the belief that people have in it. So its not something we can consider as stablecoin.

Most stablecoins are scams though. There is no difference between USDT and fiat USD. If fiat USD is considered as a the biggest scam in the world then the same would be true for tether. Rest what to do with them is your choice.

yesyes18

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Quote from: Annalise24 on April 24, 2019, 10:03:39 AM

Bitcoin is still a decentralized virtual currency and as such can not be classified as a stable coin.
Bitcoin's price can still be influnced by market speculation forces ...so it's not a stable coin .

Lol..and you think those so-called stable coins can't ever be manipulated? I think Bitcoin being very decentralized than aany other knwon cryptocurrency even helps puts it in the forefront of stability. I believe in anytime soon in the future as many people get on board and hoard BTC, Bitcoin will get a very standard price void of extreme volatility and there we'd appreciate its superb stability. But for now, yeah it can be manipulated

Tungsten-1

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Quote from: Sum24 on April 24, 2019, 05:42:20 PM

Quote from: marycrazy08 on April 23, 2019, 03:42:23 AM

Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Not a stable coin but a store of value

Now it is best time to store some bitcoin because rice is really good we can buy at low price but it will rise more with time, bitcoin has volatile nature so it will change the value with time, we should trust our investment and hold it for our future, stability is not possible because we are in modern age were price changes with time.

Bitcoin can never be the stable coin because it use to change the price sometimes it can be high or now, whole market is about the price of bitcoin so if price of bitcoin changes it use to move whole market price, stability of bitcoin is not possible for me, we will be able to see bitcoin the most unstable coin of the market.

TheUltraElite

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So anyway, I applied as a merit source :)

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Bitcoin is the most stable coin of all because likely bitcoin get pumping right now. We must need to support bitcoin for its price gonna pump up again last year maybe tgis year is the most special for crypto.

There is a difference between a "stable-priced" coin and a stablecoin. I dont understand why forum members seem confused between the two. Taking an example of an SC, like USDT, it was created because of pure necessity and because bitcoin was volatile in price or so it seemed to some people. Whether it was actually needed or not is another topic of discussion.

Now this does not mean that the SC is always fixed in price - it is doing so because of unlimited minting supply and thus it is no different from fiat. This is where and what bitcoin's ideology is conflicting with stablecoins.

Fredomago

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Quote from: imstillthebest on April 24, 2019, 07:00:02 PM

Quote from: Finestream on April 24, 2019, 06:53:01 PM

Quote from: Annalise24 on April 24, 2019, 10:03:39 AM

Bitcoin is still a decentralized virtual currency and as such can not be classified as a stable coin.
Bitcoin's price can still be influnced by market speculation forces ...so it's not a stable coin .

For me,the first and foremost reason that makes a bitcoin not to be stable is its own volatility.It will experience a lot of fluctuations from time to time so it will never make a coin to be stable.But if bitcoin will be legalized by the government soon,i think this time bitcoin will become a stable one.

Bitcoin is already legalized on most countries but why bitcoin is still unstable ? The truth is bitcoins unstability is already fixed due to its volatile nature ( like what you said above ) however there are some times that bitcoins value experience a stability though this is only temporary . as soon as people sells and buy , the value starts to move again on un designated directions .

End users and traders always been the driver of this industry, seems like its stop for a while and the value showed like stable, but the sooner the users / investors act the directions we will see it go, pressures for selling will cause a dumped and pressure for buying and collecting will push it up to a bull
creating new up high movement.

mirawantirinjana

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Quote from: Coin-Desk on April 25, 2019, 06:19:46 AM

Yes, Bitcoin is now a stable currency. Bitcoin's price change does not mean that Bitcoin is not stable. The most stable cryptocurrency in this period is in my opinion Bitcoin. Its usage is increasing day by day because people are reluctant to use Bitcoin. If Bitcoin did not have stable coins, then Bitcoin could not have been the dominant cryptocurrency of this period, and people did not accept Bitcoin as such.

no, bitcoin is not a stable currency, you can see from the price development from the beginning of the creation of bitcoin until now.
then why is bitcoin still alive and much contested? because bitcoin is still the parent and trend of other crypto currencies.
the need for bitcoin continues to increase so that bitcoin will never die and may not even be a stable coin in the near future.

Muzika

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Bitcoin is a stable coin in terms of the usage but when it comes to the price of it in the market we can still say the the price is too shaddy sometimes it will raise and we assume that it is already the bull run but after few days it will comes back to the previous price.

Coin-Desk

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Yes, Bitcoin is now a stable currency. Bitcoin's price change does not mean that Bitcoin is not stable. The most stable cryptocurrency in this period is in my opinion Bitcoin. Its usage is increasing day by day because people are reluctant to use Bitcoin. If Bitcoin did not have stable coins, then Bitcoin could not have been the dominant cryptocurrency of this period, and people did not accept Bitcoin as such.

john2231

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Quote from: Airbuxf on April 25, 2019, 03:59:21 AM

Bitcoin couldn't be called stable coin for a long time, it's volatility is much smaller than in past but still it's much if you look at it as a currency. I think there is needed more 4-5 years to stabilize the price.

No it won't stabilize until 4 or 5 years but maybe after 2140 or maybe after all remaining bitcoin mine because if there is no remaining supply the price of bitcoin may increase and become stable.

Bitcoin is not the same as TUSD or Tether but possible to happen after 2140 or after the remaining bitcoin is mined or blockchain is not generating new blocks.

Airbuxf

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Bitcoin couldn't be called stable coin for a long time, it's volatility is much smaller than in past but still it's much if you look at it as a currency. I think there is needed more 4-5 years to stabilize the price.

CryptopreneurBrainboss

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Quote from: imstillthebest on April 24, 2019, 07:00:02 PM

Bitcoin is already legalized on most countries but why bitcoin is still unstable ?

No bitcoin hasn't be legalized in any country although more countries are showing positive signs to adopting blockchain technology (note I didn't say bitcoin) but in adopting bitcoin I don't think that will ever happen. About the price of bitcoin been stable, that was just due to the lack of activities occuring in bitcoin of recent making it less responsive to news. The pattern of growth was due to the bear market, potential investors weren't sure if to buy or not. But I guess that's all over now.

imstillthebest

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Quote from: Finestream on April 24, 2019, 06:53:01 PM

Quote from: Annalise24 on April 24, 2019, 10:03:39 AM

Bitcoin is still a decentralized virtual currency and as such can not be classified as a stable coin.
Bitcoin's price can still be influnced by market speculation forces ...so it's not a stable coin .

For me,the first and foremost reason that makes a bitcoin not to be stable is its own volatility.It will experience a lot of fluctuations from time to time so it will never make a coin to be stable.But if bitcoin will be legalized by the government soon,i think this time bitcoin will become a stable one.

Bitcoin is already legalized on most countries but why bitcoin is still unstable ? The truth is bitcoins unstability is already fixed due to its volatile nature ( like what you said above ) however there are some times that bitcoins value experience a stability though this is only temporary . as soon as people sells and buy , the value starts to move again on un designated directions .

Finestream

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Quote from: Annalise24 on April 24, 2019, 10:03:39 AM

Bitcoin is still a decentralized virtual currency and as such can not be classified as a stable coin.
Bitcoin's price can still be influnced by market speculation forces ...so it's not a stable coin .

For me,the first and foremost reason that makes a bitcoin not to be stable is its own volatility.It will experience a lot of fluctuations from time to time so it will never make a coin to be stable.But if bitcoin will be legalized by the government soon,i think this time bitcoin will become a stable one.

Sum24

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Quote from: marycrazy08 on April 23, 2019, 03:42:23 AM

Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Not a stable coin but a store of value

Now it is best time to store some bitcoin because rice is really good we can buy at low price but it will rise more with time, bitcoin has volatile nature so it will change the value with time, we should trust our investment and hold it for our future, stability is not possible because we are in modern age were price changes with time.

Annalise24

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Atronocom

Bitcoin is still a decentralized virtual currency and as such can not be classified as a stable coin.
Bitcoin's price can still be influnced by market speculation forces ...so it's not a stable coin .

bummm

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Quote from: marycrazy08 on April 23, 2019, 03:42:23 AM

Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Not a stable coin but a store of value

Oh, yes, we cannot call it stable (as soon as all cryptocurrencies are volatile), but its value is great. It also "pushes" the altcoins to grow or to fall. That is why the whole market depends on Bitcoin.

marycrazy08

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Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Not a stable coin but a store of value

GregH37

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Quote from: kakonhat on April 22, 2019, 02:15:54 AM

Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Confused! what are you saying on the title and what are you describing in details. However, I think Bitcoin is not stable now, it's already stabled from the beginning that's why everyone loves Bitcoin. I like your comment that "the coin seem to me now as Tether (USDT )" really LOL. Cheesy

Stable, the coin far from being stable now, and I don’t think bitcoin will achieve this yet until future and will take a very long time, that time, bitcoin would have so much expensive and movement inprice would not be that much again. By that time, you and I may choose to use it for store of value, but what it will most commonly be used for is means of digital payment.

We don’t even need the coin to be stable now, because the only way we traders and investors can benefit more from BTC financially, is through the volatility, without volatility, I am sure some of us who has gotten rich via cryptocurrency would not have been.

Johnzky

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Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

if bitcoin is falling we are bothered and now that has stable price you also bothered so what you want for the value?grows continuously?if does then you are impossible man because this will never happen to cryptocurrency specially to the ranked 1 crypto

Quote from: Asmonist on April 21, 2019, 11:54:30 AM

For now its still in progress. The market is slowly going up for btc. I still believe that btc is the number crypto currency. Just like dollar as the international money, bitcoin is the universal coin.

Ofcourse bitcoin is the universal cryptocurrency and no doubt for that.

For me stable price is indication that the said coin is just waiting for another timing to make a big comeback from the years of falling.so hold on guys because the train is just around the corner and waiting for a chance to ride

kakonhat

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Quote from: bosta20 on November 11, 2018, 09:47:18 AM

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Confused! what are you saying on the title and what are you describing in details. However, I think Bitcoin is not stable now, it's already stabled from the beginning that's why everyone loves Bitcoin. I like your comment that "the coin seem to me now as Tether (USDT )" really LOL. Cheesy

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