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Topic: Bitcoin's volatility is a non-issue - page 6. (Read 2115 times)

newbie
Activity: 134
Merit: 0
July 15, 2018, 01:18:32 PM
I believe this decline is only temporary and then it will be a strong revival of Bitcoin. I see this when looking at 2017 of bitcoin
the year that passed was hipoly, this sludge after a year of hype, waiting for the start of the next there and start buying as young bulls.
newbie
Activity: 25
Merit: 0
July 15, 2018, 01:10:51 PM
yes bitcoin volatility is not a big issue because of peoples getting panic when market is down because its a cryptocurrency but this same thing happen with shares and stock market. if market goes down then definitely in few times market go up so no need to panic for this volatile market Because bitcoin change many peoples live and many investors getting profit from this currency.
brand new
Activity: 0
Merit: 0
July 15, 2018, 04:13:21 AM
I believe this decline is only temporary and then it will be a strong revival of Bitcoin. I see this when looking at 2017 of bitcoin
newbie
Activity: 6
Merit: 0
July 15, 2018, 04:24:43 AM
Those who are investing it as long term investment will not mid it. But for a regular business with daily payments, it can be a huge issue.
hero member
Activity: 854
Merit: 500
July 15, 2018, 04:18:58 AM
I know that this subject has been discussed many times before, but lest we forget when yet another conventional financial journalist, investor, money manager, perceived thought-leader et al pronounces on why Bitcoin will fail because it is too volatile to be used as a currency or store of value:

  • Each Bitcoin transaction is a zero-sum game -- one party benefits to the same extent that the other does not benefit. So one party is guaranteed always to be fine with the volatility. And neither party knows for sure (or at all) who that beneficiary will be.
  • The purchaser of a bitcoin has still spent the same amount of fiat no matter what the volatility after the purchase.
  • The premise that the aggrieved party could have done this or that instead of send someone a bitcoin that later appreciated in value has no more merit than to say that that party could have bought a stock or bond that later did well too. In each case, they simply did not have the information needed in time. Shoulda coulda woulda is not a valid argument.
  • If Bitcoin were impractical as a currency, the dark web would not use it. There would be no Bitcoin-using dark web. 
  • Many things have been used as currency. Anything tradeable and of proven long-term value (like gold) or expected shorter-term value (like packs of Kent cigarettes in communist Romania) can be used as a practical currency, and have. Before WWI, travelers checks had the rate of conversion printed on them because it was expected that the gold-back currencies backing them would be stable. And so they were. The fact that fiat currencies require electronic conversion-rate signs today shows that their stability is entirely an illusion. They are not stable.

The argument that Bitcoin's volatility specifically negates its value as a store of value is clearly false as well. Stocks and commodities and their futures (as well as the effective interest rates of some bonds) are highly volatile. The mantra is that you accept their risk in exchange for growth. Fine. But volatile Bitcoin has growth potential too -- lots of growth potential. Both Bitcoin and Ethereum, as systems of decentralized, immutable, economical, sustainable, and perfectly legal data-registration means that everyone will become their own notary public. The implications for intellectual property protection are arguably beyond what we can now imagine.

Underlying all of Bitcoin's volatility is an unchanging protocol that is proven to work -- and expected to grow.

Everything would always have a good side and the bad side and pur way of perceiving things would always come from the mentality and the mindset that we have in that moment. With bitcoin some people would think that the volaitlity is something that they can live with as they know or assuming that the price would go up and things would go normal. For most, this is an investment and the volatility can impact how they can do business whether trading or something else.
newbie
Activity: 138
Merit: 0
July 15, 2018, 04:05:15 AM
I know that this subject has been discussed many times before, but lest we forget when yet another conventional financial journalist, investor, money manager, perceived thought-leader et al pronounces on why Bitcoin will fail because it is too volatile to be used as a currency or store of value:

  • Each Bitcoin transaction is a zero-sum game -- one party benefits to the same extent that the other does not benefit. So one party is guaranteed always to be fine with the volatility. And neither party knows for sure (or at all) who that beneficiary will be.
  • The purchaser of a bitcoin has still spent the same amount of fiat no matter what the volatility after the purchase.
  • The premise that the aggrieved party could have done this or that instead of send someone a bitcoin that later appreciated in value has no more merit than to say that that party could have bought a stock or bond that later did well too. In each case, they simply did not have the information needed in time. Shoulda coulda woulda is not a valid argument.
  • If Bitcoin were impractical as a currency, the dark web would not use it. There would be no Bitcoin-using dark web. 
  • Many things have been used as currency. Anything tradeable and of proven long-term value (like gold) or expected shorter-term value (like packs of Kent cigarettes in communist Romania) can be used as a practical currency, and have. Before WWI, travelers checks had the rate of conversion printed on them because it was expected that the gold-back currencies backing them would be stable. And so they were. The fact that fiat currencies require electronic conversion-rate signs today shows that their stability is entirely an illusion. They are not stable.

The argument that Bitcoin's volatility specifically negates its value as a store of value is clearly false as well. Stocks and commodities and their futures (as well as the effective interest rates of some bonds) are highly volatile. The mantra is that you accept their risk in exchange for growth. Fine. But volatile Bitcoin has growth potential too -- lots of growth potential. Both Bitcoin and Ethereum, as systems of decentralized, immutable, economical, sustainable, and perfectly legal data-registration means that everyone will become their own notary public. The implications for intellectual property protection are arguably beyond what we can now imagine.

Underlying all of Bitcoin's volatility is an unchanging protocol that is proven to work -- and expected to grow.
There are several factors causing volatility in the market.However,I believe that unregulated market and lack of maturity are biggest reasons for it.The market is unregulated so anyone can trade with any amount from any corner of the world and he can do it at anytime of the day so a big volume affects the price.
newbie
Activity: 75
Merit: 0
July 14, 2018, 11:20:39 PM
The media and the Fudsters like to do bigger. It does not mean that people can not or will not use it. The difference is that if it stops being volatile, it will be more used as both currency and investment. So far, due to the great fluctuations of electronic money, and mostly bitcoin, states are very important and this is one of the reasons for their legalization to be quite weak and slow. If bitcoin would be very expensive , sharply with normal fluctuations, if it coincides with negative information, may lead to panic that will act as a domino effect and bitcoin may lose value in a day or two.
newbie
Activity: 27
Merit: 0
July 12, 2018, 09:35:03 AM
No business would like to deal in such a currency. It makes it a failure as a payment system thus limiting its growth.
full member
Activity: 1330
Merit: 147
July 12, 2018, 09:33:11 AM
#99
Volatility in bitcoin price is just for short time. I think the real issue in cryptocurrency is government regulation. Its affecting on investor because if cryptocurrrency market have regulation from government, they will more confident to investing more money in market.
Beside that, news about regulation affecting on price fluctuation.
So for you the volatility of bitcoin price is depend on regulation of government? it's just part of the cause of volatile bitcoin prices. There are still many reasons why bitcoin prices are always on the move, for instance, day trading will always provide a rapid price change effect of a trader's focus not only on information but technical analysts can be part of their strategy.
copper member
Activity: 19
Merit: 0
July 12, 2018, 09:27:41 AM
#98
Volatility and Liquidity are inter-related. Prices become volatile when there's no liquidity. So, volatility - depending on how you see it is an opportunity (for traders), and risk (for institutional investors).

Whence liquidity is improved, this will ideally reduce volatility, and encourage both side (traders + institutions) to trade bitcoin or invest.
newbie
Activity: 98
Merit: 0
July 12, 2018, 09:22:43 AM
#97
The volatility of BTC indicates the potential value of BTC! People with valuable things are willing to invest!
High volatility implies an opportunity for high returns. Bitcoin has given excellent returns
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
July 12, 2018, 09:08:05 AM
#96
Volatility isnt a issue when it comes to bitcoin/crypto investors because there are many other types of volatile investments too.  People take issue with volatility because bitcoin is mean to be used as a currency and if its value keeps changing then merchants cant rely on it as an accepted payment method.

Would you mind mate letting me know whats those many types of volatile investing?sorry to ask but i just want you to enlighten me regarding this because my knowledge is limited towards this thanks for the response

And regarding to OPs point well i think volatility of  bitcoin wont bring this down instead this is the reason why will we become richer soon,thats the price of this that increases because of volatility
newbie
Activity: 28
Merit: 0
July 12, 2018, 09:00:24 AM
#95
Volatility in bitcoin is normal. Once a while, the price rises and drops day by day but I think That's not an issue though.

Yes of course,volatility of Bitcoin is normal and still it an issue because this is what the investors depends on.From this we can see how the demands rise and fall.
newbie
Activity: 167
Merit: 0
July 12, 2018, 08:56:04 AM
#94
If you have a lot of knowledge about investing, I think it's not a problem. Traders in the day they are not afraid of the market down. They have a lot of knowledge to invest in this market.
sr. member
Activity: 448
Merit: 250
July 12, 2018, 08:46:59 AM
#93
It looks like the list of evidences about bitcoins trustworthiness, but thank you anyway because in this hardship times we need some encouragement and to get some more assurance in the things that we do.
newbie
Activity: 112
Merit: 0
July 12, 2018, 02:58:49 AM
#92
Bitcoin volatility is causing problems to bitcoin, we dont want to loose thinking the price used to change every minute ,with this some people just wont trust it so they wont loose their money invested
newbie
Activity: 168
Merit: 0
July 12, 2018, 02:33:07 AM
#91
Its not issues but its also making people not to have confidence in investing on it, Anyone that check the ATH of bitcoin last December and compared to the current price will be afraid to invest her money..
full member
Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
July 12, 2018, 02:28:04 AM
#90
Volatility in bitcoin price is just for short time. I think the real issue in cryptocurrency is government regulation. Its affecting on investor because if cryptocurrrency market have regulation from government, they will more confident to investing more money in market.
Beside that, news about regulation affecting on price fluctuation.
newbie
Activity: 210
Merit: 0
July 12, 2018, 02:27:19 AM
#89
The volatility is actually an issue which is stopping some investors from putting their money into it because they fear the loss since they can't predict if price will drop or increase..
newbie
Activity: 27
Merit: 0
July 12, 2018, 01:22:59 AM
#88
This is true, bitcoin is very volatile just like other currencies such as fiat. But, wether we like it or not bitcoin will always be volatile no matter what happens as it relies to people doing effort to keep it in that state, unlike physical money where there are leaders across the nations where they set the currency according to its economy, does bitcoin has its economy?
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