Bitcoin - the future "stable coin" - page 9.

Tipsters

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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? .....

Adding this to the mind buggling dilema of investors and enthuasiasts is the OTC massive buying of btc over the past 6 months. They are really careful not getting the price of btc to suddenly collapse. I think something big is about to happen in the next couple of months.

manfredmann

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BItcoin will never stabilized for it is decentralized and its market price will vary from time to time. If they would like to see a digital currency that could be stabilized then they should better create a digital currency for this. Bitcoin is not design for it and many will not going to like it also in stabilizing its market price in the near future.

pooya87

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Quote from: disappear4ever on November 11, 2018, 12:31:10 PM

It is a coincidence, but why most of people who cash out their USDT to bitcoin, I do not think the coincidence can explain it.

when you sell an altcoin and get bitcoin in return, that doesn't change bitcoin price. otherwise bitcoin price should have shot up to the moon every day since there is a couple of altcoins being dumped (after their daily pumps). USDT is not an exception.

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I did not mean bitcoin is a stable coin for now, but it started to show to us there is a potential to be a stable coin

again you are using the wrong term. bitcoin is now stable. it is not a stable coin. and this stability is a short term trend not something that will last forever. eventually when mass adoption is reached years from now, we can see a better stability.

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Their fluctuation in the past leads to the birth of USDT。

you are wrong. USDT was not created because of fluctuations. instead it and all the similar ones were created because people who are trading cryptocurrencies prefer not to have anything to do with fiat. so having something that "acts similar to fiat" is useful.

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You think Tether has no trouble, ~

i don't know how you got that from my comments! Tether is in fact one of the shadiest and riskiest altcoins that has been created.

giantrobot

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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.

blocklancer8

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If seen in recent months bitcoin is on a stable number, this is temporary. The nature of bitcoin will not change, bitcoin can move up and down and this is increasingly preferred and sought after by miners because bitcoin is very special compared to existing fiat money and other coins in cryptocurrency.

suprex333

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It seems difficult if bitcoin is created stable coins, the value and volume just change every time, no one is able to control this value.
So bitcoin will continue to move regardless of the holder or people around. Bitcoin is a decent coin for the future.

disappear4ever

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Quote from: Goldenkim on November 11, 2018, 02:51:31 PM

If it is stable then it will not be attractive to investors anymore

Starting from its birth, bitcoin needs their believer to warm the market & people benifited from their believing. But the development of crypto currecy & blockchain mixed with our real life, bitcoin needs less speculators & more scenarios for using as payment, so of course, it will be not a good investment target.

On the other hand, bitcoin is not a public chain as ETH & EOS, on which there is a ecosystem consist of Dapps. But bitcoin is unique with its own vision which is different as ETH & EOS, that is why I raised this topic to discuss about it.

danparlapiano

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disappear4ever

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Quote from: LeGaulois on November 11, 2018, 12:12:44 PM

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? .....

No way Bitcoin as a role of a stable coin and it will never happen unless some took over the BTC control. A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency. So your analysis is wrong already. Also it's the whole crypto market that is currently in a "stablemarket".

Do you mean only centralized coin can act as stable coin? Also seems I did not say it can be stable when backed by fiat currency, on the contrary, I totally agree with your A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency and that is why I said Bitcoin can be the future stable coin.

I guess the whole crypto market is still in a developing stage & still there will be up and down from time to time, Bitcoin will go up for sure, but it will remain relevant stable when reach some dynamic point, together with the mass adoption of cropto currency, that is when we can use them in our real life.

marcbitcoins

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Bitcoin is not stable and will not be in which the market clearly shows that its performance is not stable but always fluctuating making the price is really unpredictable. Maybe we could say that the present price is stabilize but it can't be stable as it will always depend on supply and demand.

AlbertTinn

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Because the supply and demand of bitcoin is always changing, the price of bitcoin will fluctuate so it is difficult to stabilize the bitcoin in the future

aliceHortrex

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Quote from: zolfa on November 11, 2018, 06:07:07 PM

bitcoin will not be a stable cryptocurrency, but we are awaiting the government's decision on bitcoin regulation, and bitcoin regulation can slightly control the volatility of bitcoin.

even though demand is increasing and supply is low, regulation can regulate conditions outside the blockchain system.

If you are talking about the government of the United States and European countries, there with bitcoin all right. The States of these countries have long legalized bitcoin and successfully use it to reap the benefits. At the moment, the main country that we are waiting for with the legalization of bitcoin is of course China.

aliceHortrex

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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? .....

Here is another topic that bitcoin is the currency of the future... My God, how long can we talk about this? I propose to introduce the admins of the forum the penalty for creating such little information to those except spam nothing more fruit. Enough people, we've talked about this a million times!

zolfa

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bitcoin will not be a stable cryptocurrency, but we are awaiting the government's decision on bitcoin regulation, and bitcoin regulation can slightly control the volatility of bitcoin.

even though demand is increasing and supply is low, regulation can regulate conditions outside the blockchain system.

SUDARMONO

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it is true that the price of bitcoin today tends to be stable, and I think that could be if bitcoin would become a real payment tool for the future.

CryptoToxicAvenger

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The price of bitcoin is yet to change. I don't think it's ready to become a stable currency. The market is still volatile and the price of bitcoin will continue to increase.

abojamal

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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? .....

Agreed with the view that it is a stage in the life of bitcoin
And it will move on to another stage and we close to a breakthrough in 2019
Only we have to do our duty to spread the idea.

Marshall14

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Quote from: disappear4ever on November 11, 2018, 12:54:53 PM

Why a stable coin must pegged to a fiat currency to be a stable coin? neither gold nor USD. I think only the unique one trusted by most of the people have this opportunity.[/b][/color]

That's what makes it stable,normally the cryptocurrency world is unpredictable and hence coins fluctuate in more cases than not..
So hence how do we get a coin that doesn't fluctuate??,that will be pegging(merging)it to a currency/store of value that rarely ever fluctuates like Fiat,gold,or even another cryptocurrency...

So whatever the price is of the currency it's pegged to, that's exactly what the price of the particular coin is,not withstanding how it actually does fluctuate

leetcoiner

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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? .....

So many conversations have already been about the fact that bitcoin is an unstable currency, that its volatility is normal and that making decisions on the emotion is not the best way to trade on the exchange. Some investors still do not understand that this situation is the norm and that the movement of bitcoin does not depend on one or two factors, but on a number of reasons that need to be monitored and analyzed.

kryptqnick

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Quote from: pooya87 on November 11, 2018, 12:43:47 AM

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

~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,

there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change.

Well, actually, I believe there was. What the op is talking about can be explicitly seen on the charts on coinmarketcap. The ethereum's grows was less significant but an unnatural as that of bitcoin. Talking about bitcoin, it went from $6300 to almost $7k, which is a 10% growth. Nobody would care and pay attention if it didn't happen in about 5-6 hours and then went down to $6600 in two hours. This place on the chart looks pretty much like a stright line up and half way down even at a scale that displays only a week of price dynamics. I didn't know the reason it happened and I still don't understand what Tether has to do about it, but coinmarketcap chart bitcoin/usd does confirm the op's words.

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