Just because satoshi nakomot wrote a sentence when it first started doesn't mean we have to follow his wishes neither. This is a decentralized coin and if you think even satoshi nakomoto could change that you are very wrong, satoshi could come out today and say that bitcoin should not be traded to fiat and only be bought and used and never sold it still wouldn't matter because people will continue trading it no matter what.
This is decentralized and nothing will change that, no persons ideas and thoughts is bigger than the bigger collective mind and thoughts, that is why we love bitcoin and that is why its different than the fiat we are getting away from, fiat is controlled by central banks, bitcoin has no central power. I will continue to sell my coins as I wish and buy coins as I wish no matter who says what.
Topic: Btc stability and volatility question? - page 2. (Read 689 times)
The white paper states that bitcoin was designed to be a peer to peer version of electronic cash, but the problem that that idea was long have been neglected and forgotten, people say and hope for the bitcoin to become a major payment method, but they don't treat bitcoin as a electronic way of paying for thing they treat it like it like a valuable assets that should be held and never be sent, and that idea has hurt it overall nature, it made its price unstable and therefor unfavorable for usage by major companies and retailers. so unless this idea changes bitcoin will always have unpredictable and unstable price.
of course this will be difficult to do given the decentralized system in bitcoin, with no one able to control it, making prices tend to fluctuate, so stability is difficult to obtain, but don't know if all countries use it? 
It's just a fantasy that some people think is real. It becomes more obvious because it's a currency. Like any other currency, it's exchanged for another currency, it is something that is unavoidable in an exchange system, and everyone needs 1.
All currencies are volatile by nature, the same goes for Bitcoin so. It's just at another level. Also we could say like we're used to with gold. It's not Bitcoin that is losing/gaining value, it's the dollar.
Not exactly agree with what you are saying. It not really the dollar that is losing/gaining so much of value everyday. Yes perhaps dollar is fluctuating but by an extent of inflation which is merely 2-3% if we call about the USD whilst Bitcoin is much more than that. You are right that every currency is volatile in nature and bitcoin too is volatile but the main thing is that it's volatility comes from the fact that people use it as an asset than to use it as a currency. Speculating it as an asset is what makes it more volatile everyday. All currencies are volatile by nature, the same goes for Bitcoin so. It's just at another level. Also we could say like we're used to with gold. It's not Bitcoin that is losing/gaining value, it's the dollar.
Big volume of speculations is what brought Bitcoin to almost $20K in 2017 and by that time almost everybody was rejoicing and proclaiming to the whole world the beauty of Bitcoin. I did not hear too much that speculations can be bad for Bitcoin unlike now...maybe we realized that too much speculations can hinder the massive adoption of Bitcoin. People are hodling on to their Bitcoin because they are expecting that its price can go up and up and away. And for now there is nothing we can do about it as we are in the free market. Maybe we should just let Bitcoin be as it is and see where the whole boat is going.
The white paper states that bitcoin was designed to be a peer to peer version of electronic cash, but the problem that that idea was long have been neglected and forgotten, people say and hope for the bitcoin to become a major payment method, but they don't treat bitcoin as a electronic way of paying for thing they treat it like it like a valuable assets that should be held and never be sent, and that idea has hurt it overall nature, it made its price unstable and therefor unfavorable for usage by major companies and retailers. so unless this idea changes bitcoin will always have unpredictable and unstable price.
Where do you think Bitcoin's price is coming from? As much as I want to hold the idea to pay only in BTC it won't even have a price in USD or in any other fiat currency if people don't liquidate it to fiat. That's why if you look at BTC's price back then its technically worthless since there are no exchanges/people offering up Bitcoin at its USD price, Bitcoin won't be where it is now if no one will be offering fiat currencies to buy it. People have valued Bitcoin in USD because someone is asking/offering it at that price in order for Bitcoin to be valuable we cannot simply stop trading it to fiat, after all there is really no disadvantage when you are buying with Bitcoin and selling it to fiat at the same time.
People will only stop trading btc to fiat if they have to buy something exclusively with bitcoin.
Otherwise it's still more advantageous to exchange btc to fiat, as you buy anything with fiat, and with bitcoin only few goods and services.
Otherwise it's still more advantageous to exchange btc to fiat, as you buy anything with fiat, and with bitcoin only few goods and services.
Bitcoin = freedom. People are free to do whatever they want with their coins. Trading attracts liquidity and allows bulls to stack up more coins utilizing the volatility this market offers. The more coins end up in the pockets of bulls the more coins will be taken out of circulation in the long run
Not cool either
If more coins gets stashed, the real-life utility diminishes all along with that. And while the speculative value of Bitcoin may surge temporarily (due to supply squeeze), the long term effects appear to be strongly negative as there are always other cryptocurrencies which will shine where Bitcoin fails. Any money which aims to be a successful currency should be used, not stashed, and it is even more applicable to currencies which lack intrinsic value, i.e. value coming from anything other than being a currency
BTC stablity will never make you profit on your investments. Please read the white paper of satoshi even he sold many bitcoins to keep him safe. Then who we people to stop such increase of circulation. I understand your thought on increasing demand for BTC.
While you invest on the BTC more and if there other market falls as well bitcoin can grow more than anything in coming days. We may find great days ahead of BTC since it is bumping last few days.
While you invest on the BTC more and if there other market falls as well bitcoin can grow more than anything in coming days. We may find great days ahead of BTC since it is bumping last few days.
By the way, mass adoption won't stopped volatility but will probably slow it down.
Volatility is a very subjective term because your volatility might not be similar to what I believe is volatility. Good example is how people believe fiat currencies are very stable, while that's not the case at all.One of the main utilities of fiat currencies isn't just being money, but also functioning as speculative vehicle. Being a speculative vehicle comes from the volatility fiat currencies offer, and institutions bank on them every single day.
I think that if we reach gold level stability it's more than enough to serve every corner of our economy. I don't see it being possible that more stability than gold is a target Bitcoin will ever achieve. We have to be realistic.
Please enlighten me, how will bitcoin mass adoption provide stability? How would bringing more fiat and more people using it, how does that stop volatility? How does that work? In what sort of dimension does that work
I think that would suffice
I mean even if fiat was used somewhere in the middle as a go-between of sorts (i.e. as an intermediary between buyers and sellers) that still would do wonders to stability. If you pay for something with Bitcoin (even if it is later converted to fiat), that would contribute a lot to price stability. Indeed, getting rid of fiat completely is a cherished dream but if Bitcoin is used universally across the world on par with local currencies, wouldn't that in fact mean that it is used to a far greater extent than any of those currencies (other than the major ones like US dollar, of course)?
I guess one of the reasons much of the world don't use bitcoin for buying and selling is due to its nature. Some people understand that government do not like cryptocurrency. They try not to offend the government. Another problem is the negative press on bitcoin. Thirdly, bitcoin isn't really better than fiat currencies in terms of speed or acceptability and Finally no mass promotion of bitcoin.
By the way, mass adoption won't stopped volatility but will probably slow it down.
By the way, mass adoption won't stopped volatility but will probably slow it down.
Yes. And the debacle of Dec 2017 with the fees spiking set bitcoin back as regards adoption as a currency. Lots of retailers disabled bitcoin because it was no use allowing people to buy $20 items when the fee was $50 - $1000.
I think bitcoin is now a store of value rather than a currency. It might be an alt that takes the currency mantle in the future.
$50 fees for buying $20 items? That must have been a rare scenario. Its never that bad usually. The fees are pretty low these days especially if you are using Segwit and it goes down even lower if you have a LN node set up.I think bitcoin is now a store of value rather than a currency. It might be an alt that takes the currency mantle in the future.
However, I do agree that we need to reverse people's views in such a way that they view BTC as a currency primarily and asset secondarily.
We still need cash not everything could be paid by crypto.
Even if we could use it to pay for anything do you really think that other would see it as a payment option?
Wake up not everyone in crypto wants to use it as a peer to peer payment they are only in here because of the price of BTC.
They are in crypto because they see's it as an investment they use it to gain profit so even if we could not everyone would use it on it's purpose.
Even if we could use it to pay for anything do you really think that other would see it as a payment option?
Wake up not everyone in crypto wants to use it as a peer to peer payment they are only in here because of the price of BTC.
They are in crypto because they see's it as an investment they use it to gain profit so even if we could not everyone would use it on it's purpose.
Yes. And the debacle of Dec 2017 with the fees spiking set bitcoin back as regards adoption as a currency. Lots of retailers disabled bitcoin because it was no use allowing people to buy $20 items when the fee was $50 - $1000.
I think bitcoin is now a store of value rather than a currency. It might be an alt that takes the currency mantle in the future.
Stop trading? Are you a government official commanding people to not do something you don't like? Not cool.
Bitcoin = freedom. People are free to do whatever they want with their coins. Trading attracts liquidity and allows bulls to stack up more coins utilizing the volatility this market offers. The more coins end up in the pockets of bulls the more coins will be taken out of circulation in the long run. The largest chunk of profits through trading is sent straight to offline storage.
Also, this isn't the legacy market where there is one stock market orderbook. Here every exchange has its own orderbook, and the more orderbooks there are, the thinner they become, and thus the more potential there is for volatility to occur.
sorry it was a "suggestion" and yes I am the new leader of earth. Bitcoin = freedom. People are free to do whatever they want with their coins. Trading attracts liquidity and allows bulls to stack up more coins utilizing the volatility this market offers. The more coins end up in the pockets of bulls the more coins will be taken out of circulation in the long run. The largest chunk of profits through trading is sent straight to offline storage.
Also, this isn't the legacy market where there is one stock market orderbook. Here every exchange has its own orderbook, and the more orderbooks there are, the thinner they become, and thus the more potential there is for volatility to occur.
trade all you want buddy ^_^ but know you are giving a limited supply for an unlimited if you change it to fiat
I see one person who is not that dumb enough
https://www.blockonomics.co/#/search?q=12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX%201HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1%201FvzCLoTPGANNjWoUo6jUGuAG3wg1w4YjR%2015ubicBBWFnvoZLT7GiU2qxjRaKJPdkDMG%201JfbZRwdDHKZmuiZgYArJZhcuuzuw2HuMu%201GkQmKAmHtNfnD3LHhTkewJxKHVSta4m2a%2016LoW7y83wtawMg5XmT4M3Q7EdjjUmenjM%201J6PYEzr4CUoGbnXrELyHszoTSz3wCsCaj%2012cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S%2015yN7NPEpu82sHhB6TzCW5z5aXoamiKeGy%201dyoBoF5vDmPCxwSsUZbbYhA5qjAfBTx9%201PYELM7jXHy5HhatbXGXfRpGrgMMxmpobu%2017abzUBJr7cnqfnxnmznn8W38s9f9EoXiq%201DMGtVnRrgZaji7C9noZS3a1QtoaAN2uRG%201CYG7y3fukVLdobqgUtbknwWKUZ5p1HVmV%2016kktFTqsruEfPPphW4YgjktRF28iT8Dby%201LPBetDzQ3cYwqQepg4teFwR7FnR1TkMCM%201DJkjSqW9cX9XWdU71WX3Aw6s6Mk4C3TtN%201P9VmZogiic8d5ZUVZofrdtzXgtpbG9fop%2015ubjFzmWVvj3TqcpJ1bSsb8joJ6gF6dZa%201Fi7o3BKMcT82NVtnMRNqsj8aE5CWbAo4z%201DmKBaveG8iQA7nTGpRQ1bf8cJ7zqSMCjJ%201AqC4PhwYf7QAyGBhThcyQCKHJyyyLyAwc%201JXLFv719ec3bzTXaSq7vqRFS634LErtJu%2015VF3MsCzjHmFQ3wK3SMrTEBTmFY8zhJnU%201KDnp5D9sEUNGFY2z4JiKhwfbm7zqYp4Bz%201G43MvhzCqRz1ctsQUmgU4LgLuSVdfU557%2018a3JX7ZZvu5CdaqY33RxzXB3ytEjspsGq%201GnYgH4V4kHdYEdHwAczRHXwqxdY7xars1%2017x23dNjXJLzGMev6R63uyRhMWP1VHawKc%201PHB5i7JMEZCKvcjYSQXPbi5oSK8DoJucS%201Bw7RG9a19SjCNszmXQZhBwe1gEj4Vb2JZ%201MKRkcXG7cUb83EGNjK5TSHcKgVjVMTou5%201BTsxjF9rXtFvUZ2UFditbeUpohGgKCxUt%2016bo8EmUnLJAmtDNavgcs1BQ5rU4YcR9UC%201NHHWnZKTetjZZfAbVjTS9EHQafdH6xn8a%201DpJP16GXSht3hJ5DZDumKcwAFqQQVkffN%201DpSDwF12wX5ogkS2HXabT7iWtCkAqJD9k%201KzvBTUbdwNBXiTkzr1msFUtPf7Vu2zLiu%201AQ2m6GH78oLgZYCdueUb4Zjxg1L6BkHZM%201DEwdHYmo8q6AhSHG7UgxEjttNMFdw9e7u%201DnzNm7QC479kSydvzmgb16X2c5GwRVzs1%201Bhq4Uz1Cg8vZLWy5uT3X3Ea3XDSNvkvCM%201HjE5zRg4eYm7jCHB9oSH5WbyZdH1GE2Ns%201D2zWLwXkdgFw5VtcYVtBhZuq5j4qwiRQP%201BEKzoSq5kTRNhL9ezh8KJ5vt2NzigQV2K%20136g5f3pBidF6q8udL5GGb66CzG7AzBNwv%201FaUNstQc4FUena9XodmbfHgoMD9yKpT4d%2018K6LJ9wFKSkYDA3dspswRPWiPgNZKvN7d%2017iyRRXBHJKbv5DKPPkttWewm3CHdNPGQd
Stop trading? Are you a government official commanding people to not do something you don't like? Not cool.
Bitcoin = freedom. People are free to do whatever they want with their coins. Trading attracts liquidity and allows bulls to stack up more coins utilizing the volatility this market offers. The more coins end up in the pockets of bulls the more coins will be taken out of circulation in the long run. The largest chunk of profits through trading is sent straight to offline storage.
Also, this isn't the legacy market where there is one stock market orderbook. Here every exchange has its own orderbook, and the more orderbooks there are, the thinner they become, and thus the more potential there is for volatility to occur.
Bitcoin = freedom. People are free to do whatever they want with their coins. Trading attracts liquidity and allows bulls to stack up more coins utilizing the volatility this market offers. The more coins end up in the pockets of bulls the more coins will be taken out of circulation in the long run. The largest chunk of profits through trading is sent straight to offline storage.
Also, this isn't the legacy market where there is one stock market orderbook. Here every exchange has its own orderbook, and the more orderbooks there are, the thinner they become, and thus the more potential there is for volatility to occur.
Bitcoin’s whitepaper is like a Bible don’t read it literally. If Bitcoin would be available to every person in the world then buying and paying using will not be a problem, but due to the fact that it is scarce in capitulation it will be hard unlike the fiat that you can print anytime.
A decentralized cryptocurrency, by its nature, will always have very high price volatility. This is inevitable, because, unlike ordinary currency, there is no authority that would conduct a monetary policy aimed at its price stabilization. Even if the number of market participants will increase many times, this will not reduce its volatility. Such a statement is a common delusion and is not based on anything.
We still need cash not everything could be paid by crypto.
Even if we could use it to pay for anything do you really think that other would see it as a payment option?
Wake up not everyone in crypto wants to use it as a peer to peer payment they are only in here because of the price of BTC.
They are in crypto because they see's it as an investment they use it to gain profit so even if we could not everyone would use it on it's purpose.
Even if we could use it to pay for anything do you really think that other would see it as a payment option?
Wake up not everyone in crypto wants to use it as a peer to peer payment they are only in here because of the price of BTC.
They are in crypto because they see's it as an investment they use it to gain profit so even if we could not everyone would use it on it's purpose.
If you're expecting for massive adoption and to have bitcoin as the national currency, I could say that we're still far from it. Bitcoin could be a mode of payment but merchants still don't directly accept it so fiat is still necessary. Fiat would always be involved in every local transaction despite the existence of bitcoin because it still needs further development and total adoption due to its volatility.
At this time who want to get money and buy food or anything they ussually need money and they convert bitcoin to fiat, will need a long time when we can use only bitcoin for anything.
Jump to: