Topic: Btc stability and volatility question? - page 3. (Read 689 times)
However the market is valued based on the demand to the supply availability. If the usage is found to be low, we can understand bitcoin isn't that big in demand. When there is good number of users making use of bitcoin automatically we can see the limited supply and when this usage goes beyond certain level automatically the market will turn less volatile and stable.
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.
Its really an inevitable thing.Yes, we do know on what Satoshi do really aims on creating BTC but we cant really deny the fact that btc itself do get or gain its value from fiat itself.
So basically we are still tagging it up with fiat but the main thing here and we do able to see on how btc shows its benefits when it comes to decentralization when it comes to transactions.
Volatility would really be just normal and yet we do already able to see this even on traditional fiat currencies.
So basically we are still tagging it up with fiat but the main thing here and we do able to see on how btc shows its benefits when it comes to decentralization when it comes to transactions.
Volatility would really be just normal and yet we do already able to see this even on traditional fiat currencies.
As long as we have our local currencies, we are required to convert bitcoin to cash just to purchase our necessities.
In our country, cryptocurrency has been adopted in some areas and yet most establishments and businesses here only accepts cash so despite having bitcoins, we still have to convert it to cash. We can't control volatility because both fiat and crypto's value isn't stable and always changing and it's still for us to deal with it.
In our country, cryptocurrency has been adopted in some areas and yet most establishments and businesses here only accepts cash so despite having bitcoins, we still have to convert it to cash. We can't control volatility because both fiat and crypto's value isn't stable and always changing and it's still for us to deal with 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.
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.
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.
What would make it stable is if the vendors only accepted bitcoin, and got rid of the fiat. You want to give me fiat this year for my work and literal fruits of my labor, I will give you what it is worth as toilet paper
What would make it stable is if the vendors only accepted bitcoin, and got rid of the fiat. You want to give me fiat this year for my work and literal fruits of my labor, I will give you what it is worth as toilet paper
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