Topic: Bitcoin's volatility is a non-issue - page 8. (Read 2101 times)
Votality is just part of the game. It's more on a waiting game. You loss some or earn some it really depends on how you trade or sell.
Let's make some question and answer it. A lot of people view Bitcoin as a replacement for conventional currencies, but I think that's a mistake. Bitcoin is far more likely to serve niches that conventional currencies don't serve well. The question, then, is not whether people will want to use a volatile currency for everything. Rather, it's whether there are specific applications where people will consider the volatility to be a reasonable cost to pay in exchange for Bitcoin's unique benefits.
I do think it is an issue and it is a reason why it is not being able to replace the currencies which are used all over the world
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:
Underlying all of Bitcoin's volatility is an unchanging protocol that is proven to work -- and expected to grow.
i agree with you .- 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.
Underlying all of Bitcoin's volatility is an unchanging protocol that is proven to work -- and expected to grow.
you notice the volatility in the rate of the Bitcoin per dollar .
you notice a lose of 1% is a huge Dollar price affects . and you will say Bitcoin is Volatile .
because of the drop of bitcoin price via dollar.
i think it is okay because we all know that it will be go back soon .. and it favors if a green 1% will give a huge impact of the Price per Dollar of Bitcoin
My opinion is that if bitcoin was not so volatile that wouldnt suit traders.
Traders love the volatility, well experienced traders that is, the ones who
Can read the charts etc.
And if bitcoin was not so volatile there could probably be mor acceptance
in the marketplace for it to be used as a currency.
Traders love the volatility, well experienced traders that is, the ones who
Can read the charts etc.
And if bitcoin was not so volatile there could probably be mor acceptance
in the marketplace for it to be used as a currency.
yes you are right, volatile of Bitcoin is the one make traders challenging.
How would they even trade if the price is so stable, right?
I think it is good to have a currency also that always change its price.
Because of this volatility, bitcoin is now more on investment instead of a currency.
Volatility will stay on this market, so I think its not an issue if you are just trading or investing but with regards to making bitcoin as a mode of payment I think its quiet risky because the value is changes every seconds. Bitcoin is a highly volatile coin, and this is what traders want from a strong coin.
Volatility will stay on this market, so I think its not an issue if you are just trading or investing but with regards to making bitcoin as a mode of payment I think its quiet risky because the value is changes every seconds. Bitcoin is a highly volatile coin, and this is what traders want from a strong coin.
Bitcoin is a startup currency. It means that a startup currency would be highly volatile because people are still experimenting with the currency to find out how useful it is. However, as we learn more about the Bitcoin platform's potential, the uncertainty will diminish and as a result volatility will decrease.
it is a issue as due to this volatile nature it is not being able to be used as main stream currency
but on the other hand it is a important for trading as this volatile nature helps to keep the market alive and active
but on the other hand it is a important for trading as this volatile nature helps to keep the market alive and active
It is a very big issue alright. Bitcoin is meant to be a base currency where virtually all other cryptocurrencies trade against. If its volatility begins to affect the coin movement of the community of altcoins, then it should be seen as a very serious issue that will hamper the growth of other coins
I agree with the view that bitcoin's fluctuations are not the main problem in the cause of the changes that make it fluctuate, since it is its attribute so we may not care about the characteristic. of them I like Uberse's style. He stealthily included Ethereum in the article in a sentence that says both BTC and ETH are good stores of value lol.
Ethereum is not a good store of value because what it promises to deliver will not be delivered. Lets watch how long they can keep the ongoing scam last.
Ethereum is not a good store of value because what it promises to deliver will not be delivered. Lets watch how long they can keep the ongoing scam last.
I totally agree with your views. they often do this. they often make articles that are about bitcoin but they cunningly put another altcoin name in it to say this article also includes the altcoin. the fact is that ethereum is one of the worst things you can invest, not because of its volatility but because it is inflationary.
Before we do bitcoin we already know that it is so volatile, it is not an issue anymore. For being volatile bitcoin have a high value, and if we say volatile there's an opportunity with it.
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:
Underlying all of Bitcoin's volatility is an unchanging protocol that is proven to work -- and expected to grow.
- 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.
Underlying all of Bitcoin's volatility is an unchanging protocol that is proven to work -- and expected to grow.
A good analysis. There is nothing to be afraid with bitcoin and cryptocurrency volatility.
many traders using volatility to trade their coins. Volatility is not bad. it is giving a newcomer in crypto an easy way to join.
otherwise crypto price will be stable at high, making a small investors hard to join because the value already high.
It's only volatile right now, and not ready for day to day use. We are still in the baby stages of this tech, it needs to grow into itself. Imagine when hard currency was first developed and how long it must have taken to gain mass acceptance, we are in the same boat. Bitcoin and crypto isn't just currency, it's a paradigm shift in what money and economics are.
At the present, bitcoin’s volatility makes it a somewhat unclear store of value, but it promises nearly frictionless value transfer. Since these two drivers of the current spot price of Bitcoin vary against the dollar and other fiat currencies, we see that Bitcoin's value can swing based on news events much as we observe with fiat currencies.
Don't worry. One reason why Bitcoin may fluctuate against fiat currencies is the perceived store of value versus the fiat currency. Bitcoin has properties that make it similar to gold. It is governed by a design decision by the developers of the core technology to limit its production to a fixed amount, 21 million BTC.
The volatility of bitcoin is not a problem for ordinary investors and traders who trade on stock exchanges. They can earn a good profit on bitcoin volatility. However, this is a big problem from the point of view of any state. To have such unstable money of such astronomical value is a headache for every state. From the point of view of the state, in order that bitcoin does not harm the country's economy, a very balanced and subtle regulation of it must be done.
yes, bitcoin volatility has no issue, everything is normal and stable, bitcoin only takes a long time to rise again and then create a bullish market.
lightning network and G20 support also can not make bitcoin rise fast, but only make bitcoin stable at 8K and 9K.
You are right bitcoin price will be high and low it is not a big deal as if today price is low then there are 100% chances for it to become high, bitcoin has volatile nature which is best feature according to me because it gives people to opportunity to buy at low and sell at high for me I am really blessed because I have got the chance to buy at cheap price of 9k two months ago while now price is almost 12k so it is increasing all this has become possible only with volatility of bitcoin. lightning network and G20 support also can not make bitcoin rise fast, but only make bitcoin stable at 8K and 9K.
That just simply isn't true, volatility in value is a huge problem when you're trying to establish yourself as a currency. Lets just say this sort of volatility was present in the USD, that would mean that one day everything I have could be worth 50 percent less (or more) then the last. While it is good when the price goes it, it isn't good at all (it's horribly catastrophic) if the price is to crash and you lose value in pretty much everything
Volatility must stop if we want to become a currency.
Volatility is a very big deal in bitcoins and though in some ways it’s help people make money, its other effects are all negative because it’s the reason why most people are not investing anymore and why most businesses are not adopting bitcoin as a payment method.Volatility must stop if we want to become a currency.
Well i don't think btc is trying to establish itself as a firm currency at this point. Btc is likely still at a growing stage and people don't see it yet as a currency. And people flock to it because of it's potential to produce profit. And that's because of it's volatile nature that people take advantage of.
That just simply isn't true, volatility in value is a huge problem when you're trying to establish yourself as a currency. Lets just say this sort of volatility was present in the USD, that would mean that one day everything I have could be worth 50 percent less (or more) then the last. While it is good when the price goes it, it isn't good at all (it's horribly catastrophic) if the price is to crash and you lose value in pretty much everything
Volatility must stop if we want to become a currency.
Volatility is a very big deal in bitcoins and though in some ways it’s help people make money, its other effects are all negative because it’s the reason why most people are not investing anymore and why most businesses are not adopting bitcoin as a payment method. Volatility must stop if we want to become a currency.
It is a very big issue alright. Bitcoin is meant to be a base currency where virtually all other cryptocurrencies trade against. If its volatility begins to affect the coin movement of the community of altcoins, then it should be seen as a very serious issue that will hamper the growth of other coins
Bitcoin's volatility is a big issue, well almost on all cryptocurrency which is in the market that can be buy and sell. For bitcoin's case which is the first era cryptocurrency obviously it gained a lot of trust from the investors and users so it has the highest demand on the market which made its volatility rate so high that it can really go from 0-100 or 100-0 in no time. Jump to: