Topic: Bitcoin - the future "stable coin" (Read 2216 times)
As stablecoin become the trendy new technology to fill the void previously held by blockchain bitcoin and other traditional cryptos will find a home of digital asset investor and currency users turned off by the idea of an artificially determined value. Likewise , coins that priority anonymity such as menero , Will provide a level of utility that Facebook will find hard to match in it's stablecoin , with the policy maker unlikely to the prospect of the social media giant embracing both crypto and anonymous transaction.
I think its hard for bitcoin become stable because the price depend on supply and demand. Beside that, there is no authorities like central banks that can stabilize the price. I am believe what happen to bitcoin price is always reach new high because having limited supply and no one can intervence the price in market
You're definitely right because Bitcoin as it stands now is under no government regulations or no single body has absolute power over its price, hence Bitcoin price becoming stable seems unpracticable now. The price volatility nature is what makes holders earn huge profit when it skyrockets if the demand on the market increases.
Bitcoin still have a long way to become a stable coin. In the first place, bitcoin and cryptocurrencies are a volatile currency.
But if it get massive adopted by all peoples in the world, maybe it will become a stable currency because we all using it.
But if it get massive adopted by all peoples in the world, maybe it will become a stable currency because we all using it.
No way this will be a stable coin. Store of value YES!
With the increase in the number of Bitcoin users and adoption of bitcoin in payments, the market will become more mature and a more stable market will occur naturally.
But it needs some more time. This is the not right time in my opinion. Price condition is not well at this moment. Hopefully bitcoin will recover it's highest price again. Then it can be stable coin in crypto market.
Bitcoin is an unstable currency that can not be predicted if Bitcoin is a stable coin but it would be very good
With the increase in the number of Bitcoin users and adoption of bitcoin in payments, the market will become more mature and a more stable market will occur naturally.
If statistics are anything to go by then bitcoin and any other coin in cryptocurrency hardly would be stable.
Coin has constantly be fluctuating in prices and this present situation will not be the first time
Coin has constantly be fluctuating in prices and this present situation will not be the first time
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable;
2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself;
3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable;
2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself;
3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
1. You're 100% right.
2. It is certainly a possibility, however we need to make it happen ourselves. Each helping a bit with their free time and/or holding which helps also. The more the better.
3. It's price however will probably not fluctuate like we know today and for some years after today. But i'm sure that in the long term this fluctuations will be part of the past and a lot of people will be complaining about how they didn't invest during this years, the same as always. Yes the same ones who criticize us so badly today.
Bitcoin is a unstable currency,that means Bitcoin market up and down is the own history.but for the last 2-3 months I can see bitcoin price 3400$ something up and down.in fact bitcoin unstable price do not give me bad react.because I have invest and hold when the price goes to down.and my selling and profit process start when the price going to up.
I think its hard for bitcoin become stable because the price depend on supply and demand. Beside that, there is no authorities like central banks that can stabilize the price. I am believe what happen to bitcoin price is always reach new high because having limited supply and no one can intervence the price in market
If the price of bitcoin is stable, there is no more attraction for investors. Because investors pursue profits as high as possible due to instability in the price of bitcoin.That is, the instability of the price of bitcoin has actually become a trade attraction in the bitcoin market because all want big profits. They will realize the risk that will occur, because a business that provides big profits must have a big risk.
Many people like bitcoin because of the fact that there are no governments or banks involved. People make transaction directly with each other. The sell and purchase things without any taxes or regulations. But one cannot say that bitcoin will run into a stable coin in the future and there are many reasons for that.
Bitcoin is extremely volatile right now and according to many people, it's just a bubble which will burst any moment. No one is sure if the prices will go up in future so such a temporary thing cannot turn into a stable coin.
Bitcoin is not backed up by any company or government and no one has any idea that who is handling it. People are taking risks but not more than that. Governments are not ready to legalize it as well.
The comparison between previous and today situation will be happening here so it says anything happen to Bitcoin at anytime we are the people that manage everything in the correct way so if we are doing it right then the future will be definitely going to stable for Bitcoin. Bitcoin is extremely volatile right now and according to many people, it's just a bubble which will burst any moment. No one is sure if the prices will go up in future so such a temporary thing cannot turn into a stable coin.
Bitcoin is not backed up by any company or government and no one has any idea that who is handling it. People are taking risks but not more than that. Governments are not ready to legalize it as well.
Many people like bitcoin because of the fact that there are no governments or banks involved. People make transaction directly with each other. The sell and purchase things without any taxes or regulations. But one cannot say that bitcoin will run into a stable coin in the future and there are many reasons for that.
Bitcoin is extremely volatile right now and according to many people, it's just a bubble which will burst any moment. No one is sure if the prices will go up in future so such a temporary thing cannot turn into a stable coin.
Bitcoin is not backed up by any company or government and no one has any idea that who is handling it. People are taking risks but not more than that. Governments are not ready to legalize it as well.
Bitcoin is extremely volatile right now and according to many people, it's just a bubble which will burst any moment. No one is sure if the prices will go up in future so such a temporary thing cannot turn into a stable coin.
Bitcoin is not backed up by any company or government and no one has any idea that who is handling it. People are taking risks but not more than that. Governments are not ready to legalize it as well.
it seems that in the future bitcoin will never be able to become a stable coin, bitcoin will always have a price move up or down will definitely occur because coin movements like that are the influence of buyers and sellers, if you want a stable bitcoin it means that no one should buy and sell bitcoin, meaning that bitcoin will no longer be used.
The nature of decentralization and anonymity will never make Bitcoin a stable coin. But it is possible to become a popular tool in the payment industry. Until now we know that the price of bitcoin can never be stable, and whenever it can go up or down quickly. Bitcoin will always be liked by many people and become a long-term investment that is expected to benefit every Bitcoin user.
i strongly doubt the potentials of bitcoin becoming a stable coin as it is normally determined by the generality of holders globally. it is the dynamics in the price of bitcoin that makes its a business and investment option for holders who intend to make profit off the buying and selling of the coin. it can not be the other way round else it will not have the business approach
for me bitcoin is one stable coin in cryptocurrency, because bitcoin have used and many ways specially in transact in payment mode. People also used bitcoin to transfer money, pay their bills and food also. The more people bitcoin used in their lives, the bitcoin have potential to stay stable.
No, Bitcoin can never become more or less stable in its price. A large price volatility is inherent in its nature, and as long as its price is formed on the basis of the relationship between supply and demand, its price will be constantly variable. Of course, in some periods the price of Bitcoin can stand still, but this will most likely be a coincidence caused by the action of conflicting factors. Moreover, the higher the price of Bitcoin, the greater will be the amplitude of its price fluctuations. Maybe something will change in this regard, when the cryptocurrency takes a very strong position in our life and most of the inhabitants of our planet will use it.
So far only bitcoin have stable coin because have the same price and never could be at lower or dump, many altcoin have lost and drop more than 100% and have potential to delist at exchange market, how ever bitcoin will be on the higher price next time.
Many coins will soon to be delisted in the market cause no ones/investors trust that certain coin and it looks like it is abandoned by it developers. Bitcoin still have strong resistance and so many will give hope for this thing and that's the reason that Bitcoin will remain flying and it will survive. Stabilizing it will make help and to gain more investors as well.
As for the article I read "It might take 11 years for the crypto industry to recover back to where we were in 2017, but we will be a dramatically different ecosystem at that point. We'll have millions, perhaps even billions of users..." But Then Will Be Mature: Cardano Founder
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