Bitcoin - the future "stable coin" - page 7.

Snowflower11

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Quote from: disappear4ever on November 11, 2018, 12:38:17 AM

In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.

Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....

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.

I could also call myself a pretty optimist about the future of bitcoin, but I do not think bitcoin can be stable in the future. Because the bitcoin, not the management of any government agency in the world, the price is the consensus between the buyer and seller.

mornabo

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Quote from: MFahad on November 13, 2018, 05:13:01 AM

Quote from: anshkumandhan on November 13, 2018, 04:49:52 AM

I think this is not a wrong definition. But it is difficult that bitcoin become a stable coin and if the instability going on like this then it will be for the good of bitcoin and cryptocurrency.This assure the future of bitcoin.

I really doubt if bitcoin can ever become a stable currency ? There are too much manipulation in it and due to this the whales are taking enormous profit from it. Once Bitcoin is regulated, only then we can see the stable price of bitcoins.

are you unconscious? that at the moment the market is in a stable price? the price of bitcoin itself has not gone out of the zone of
$6300 -$6500 in the past few weeks? whenever the price of bitcoin can become stable, it depends on the current situation

vamshi789

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we can't predict this because the market is always volatile so price may increase and decrease but not will stable in the future.

disappear4ever

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Quote from: Pursuer on November 13, 2018, 04:06:58 AM

Quote from: disappear4ever on November 12, 2018, 06:42:18 AM

Quote from: phelbaby on November 11, 2018, 04:01:16 PM

The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.

I guess it is an intrinsic & reasonable action which has to be made in a very short time. Regarding Tether, I am looking down to it as their only have one advantage which is they are the first mover, but more disadvantage.

There is no doubt that the market will come up again, but in a long-term view, Tether & those new stable coins pegged with fiat currency are pseudo-proposition, and the only opportunity is for bitcoin in the future.[/b][/color]

(stop using blue and bold it is annoying!)
was Tether really the first stable coin created? I don't really remember but I think there were other stable coins very similar to Tether if not sooner but they were around alongside each other. it is just that Tether has the benefit that it is created by the same company as Bitfinex and having a big exchange behind it made it big not it being first.

(your suggestion accepted)
Now as you may know there already other sereral stable coins available market, but Tether still in dominance, it is right Bitfinex is a very important factor behind Tether's growing big.

StarFeederTopMider

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I strongly agree with you that bitcoin is a long-term investment, we can do bitcoin at any time as long as our wallet is guaranteed safe and no one can break into the assets we need for the price of bitcoin that continues to rise, so we are investing so we are passionate we will not regret being conceived today. But it is not stable!!!

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: hadveach on November 13, 2018, 11:43:31 AM

yes, I agree with you, the global economy will make bitcoin become a very important currency, have good value stability, good security, and be able to attract public attention.

bitcoin is not ETH, bitcoin is not USDT, so I think that bitcoin will maintain a basic system decentralized.

As Bitcoin is becoming well known as years pass by, this will attract the attention of the people and more and more are going to invest on it. And as global economy sees this, maybe Bitcoin will be embraced by the global economy because it will be one of the most or will be the most used currency.

hadveach

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yes, I agree with you, the global economy will make bitcoin become a very important currency, have good value stability, good security, and be able to attract public attention.

bitcoin is not ETH, bitcoin is not USDT, so I think that bitcoin will maintain a basic system decentralized.

ongkok87

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Quote from: giantrobot on November 12, 2018, 12:26:02 AM

This is a study and their trust. They looked at the previous growth of Bitcoin and hoped it would repeat itself. That's why they invest at this time. I used to think like that. However, I have to wait until it starts to fluctuate. Maybe another time I will do like them.

if in my opinion bitcoin is not a stable coin, because very often bitcoin experiences changes every second, therefore bitcoin is not exactly stable. but bitcoin is a coin that has a bright future

osmo

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I think the price of bitcoin is difficult to predict, currently the price of bitcoin is stable but there is no guarantee that the price of bitcoin will remain stable, bitcoin will never be as stable as the country's currency, the price of bitcoin cannot be intervened like a currency

sinkfish

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Bitcoin itself is pretty safe compare fiat. it fit the criteria as stable coin. for now.

FedorIzmailov

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I'm not quite sure that Bitcoin will be considered exactly as a currency. it will definitely grow in value but still it seems to me that Bitcoin will be considered as a means for capital accumulation

bitfocus

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you actually need to know the basics of both Bitcoin and Stablecoins so that you can analyze them properly. Bitcoin is nothing related to Stablecoin.

MFahad

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Eloncoin.org - Mars, here we come!

Quote from: anshkumandhan on November 13, 2018, 04:49:52 AM

I think this is not a wrong definition. But it is difficult that bitcoin become a stable coin and if the instability going on like this then it will be for the good of bitcoin and cryptocurrency.This assure the future of bitcoin.

I really doubt if bitcoin can ever become a stable currency ? There are too much manipulation in it and due to this the whales are taking enormous profit from it. Once Bitcoin is regulated, only then we can see the stable price of bitcoins.

blokceyin

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Yeah indeed it is really stable these days but when the bull run came in it will be pretty much volatile most probably.

anshkumandhan

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I think this is not a wrong definition. But it is difficult that bitcoin become a stable coin and if the instability going on like this then it will be for the good of bitcoin and cryptocurrency.This assure the future of bitcoin.

Pursuer

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Where is my ring of blades...

Quote from: disappear4ever on November 12, 2018, 06:42:18 AM

Quote from: phelbaby on November 11, 2018, 04:01:16 PM

The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.

I guess it is an intrinsic & reasonable action which has to be made in a very short time. Regarding Tether, I am looking down to it as their only have one advantage which is they are the first mover, but more disadvantage.

There is no doubt that the market will come up again, but in a long-term view, Tether & those new stable coins pegged with fiat currency are pseudo-proposition, and the only opportunity is for bitcoin in the future.[/b][/color]

(stop using blue and bold it is annoying!)
was Tether really the first stable coin created? I don't really remember but I think there were other stable coins very similar to Tether if not sooner but they were around alongside each other. it is just that Tether has the benefit that it is created by the same company as Bitfinex and having a big exchange behind it made it big not it being first.

rahimapon

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We all know that Bitcoin is not stable, because its price never goes down. And this way Bitcoin will continue. And a day will come when Bitcoin will end.

bouren

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How can Bitcoin become stable if in future there won't be any supply. Demand is expected to rise more and more in future due to the incoming of new people into cryptos. It is built upon deflationary model which means it won't be stable like fiat. The supply is pretty much limited which is against the theory of stable market price.

Crypto_Samuel

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If you look at the current market as of today, you see the growth in BTC of about 0.9% and cryptocurrencies overall seemed steady. It's just an example, but for now, there are no reasons to deny the possibility of BTC growing even more stable over time.

memecoin

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Quote from: MainIbem on November 11, 2018, 03:28:40 AM

If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.

Currently bitcoin is very low after many times in the market Huh

, but bitcoin is still trying to go up thanks to bitcoin investors like us. Bitcoin + blockchain will always take care of every nuisance, and it will be the future currency of the future.

Topic: Bitcoin - the future "stable coin" - page 7. (Read 2187 times)