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Topic: Can Bitcoin Volatility Be Controlled? - page 28. (Read 12142 times)

member
Activity: 95
Merit: 10
September 27, 2017, 11:11:47 AM
Bitcoin is decentralised and can't be controlled but I think over time the volatility will naturally decrease as the market forces of demand and supply begin to stabilise and bitcoin becomes more established.
Are you sure about that? pump and dump is what they do every day...
Pumps always happen dumps sometimes happen because in a bitcoin market bitcoin always goes pumps while in ETH it is quite friendly to bitcoin because it is same going up with bitcoin.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
September 27, 2017, 11:10:47 AM
If the number of investors increase in bitcoin and it will be accepted world wide then it is possible that bitcoin volatility can be controlled, as sometimes its quiet frustrating to see that in the start of the day you buy bitcoins at $3.5k but at the end of the day the price comes down to $3.3k.
Bitcoin volatility is an feature that is incorporated with it. So making it out of bitcoin looks incomplete and volatility is one among the best thing that make it far better than the traditional paper money. Maybe in future when it gets a much bigger investor base along with worldwide usage the volatility might get lowered by never goes nil.
full member
Activity: 392
Merit: 123
September 27, 2017, 11:07:25 AM
I don't think so. It's volatility i think is that factor that makes it so popular. It gives the people this feelings of suspense everyday specially for the big investors. It raises their emtions to the 10th level whenever they check the market price every morning  Grin. It can't be controlled because bitcoin is not controlled by anyone. It is decentralized and it makes it unique and gives us freedom over it.
legendary
Activity: 988
Merit: 1000
September 27, 2017, 11:02:15 AM
If the number of investors increase in bitcoin and it will be accepted world wide then it is possible that bitcoin volatility can be controlled, as sometimes its quiet frustrating to see that in the start of the day you buy bitcoins at $3.5k but at the end of the day the price comes down to $3.3k.
full member
Activity: 588
Merit: 100
September 27, 2017, 10:56:56 AM
I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).

Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?

For me I think so its not controlled ,because volatility of bitcoin is since this is promoted and its not profitable for  payments when bitcoin is in a higher value,you will lose bitcoin.But I dont know in the future if bitcoin will be controlled.But for now only the bitcoiners having savings and expecting salaries from bitcoin enjoying their bitcoins what they have.
hero member
Activity: 1190
Merit: 525
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September 27, 2017, 10:53:20 AM
Are you sure?

What do you think? Is there any other possibility to use non-speculative currency without using fiat?
newbie
Activity: 42
Merit: 0
September 27, 2017, 10:46:31 AM
Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market

Bitcoin is no exception here

Any appreciating currency (i.e. a currency rising in value) leads to this effect, that is, to people hoarding money instead of spending it. This is called price deflation (since one unit of a currency can buy more over time), and this is dangerous to the economy overall, by far more dangerous than small or moderate inflation (small and stable inflation is considered good and beneficial to the economy). In such conditions producers are disincentivized to produce, thus people are laid off, and the whole economy is set to spiral down. In other words, Bitcoin, with its number of coins hard capped, would be one such currency if it were used universally and instead of inflating fiat

Something like this happened on my country on the 80's. Saving account was too good and generated too much interest %, then many people just sold everything they had and put all their money on these accounts. Lots of people living from interest and stopped working, all day long doing nothing.

Then someday it crashed and people's money was confiscated, the interest % generated by these accounts dropped near to zero and it's like this until nowadays, worthless. With Bitcoin it's harder to happen because there are a global community involved and different interests, but there are many people dreaming to live without working, just with Bitcoins income and that isn't sustainable if everyone start thinking this way.

Who will produce the food, technology, science, education... ?

Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market.

There are non speculative coins today, but they don't have much traction, we can start another non speculative very usable coin today, who would use it?

All Crypto-Currencies are speculative currencies. Only option to use non-speculative currency is to use fiat instead of Crypto-Currency.

Are you sure?
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
September 27, 2017, 10:05:24 AM
Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market

Bitcoin is no exception here

Any appreciating currency (i.e. a currency rising in value) leads to this effect, that is, to people hoarding money instead of spending it. This is called price deflation (since one unit of a currency can buy more over time), and this is dangerous to the economy overall, by far more dangerous than small or moderate inflation (small and stable inflation is considered good and beneficial to the economy). In such conditions producers are disincentivized to produce, thus people are laid off, and the whole economy is set to spiral down. In other words, Bitcoin, with its number of coins hard capped, would be one such currency if it were used universally and instead of inflating fiat

Something like this happened on my country on the 80's. Saving account was too good and generated too much interest %, then many people just sold everything they had and put all their money on these accounts. Lots of people living from interest and stopped working, all day long doing nothing.

Then someday it crashed and people's money was confiscated, the interest % generated by these accounts dropped near to zero and it's like this until nowadays, worthless. With Bitcoin it's harder to happen because there are a global community involved and different interests, but there are many people dreaming to live without working, just with Bitcoins income and that isn't sustainable if everyone start thinking this way.

Who will produce the food, technology, science, education... ?

Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market.

There are non speculative coins today, but they don't have much traction, we can start another non speculative very usable coin today, who would use it?

All Crypto-Currencies are speculative currencies. Only option to use non-speculative currency is to use fiat instead of Crypto-Currency.
newbie
Activity: 47
Merit: 0
September 27, 2017, 07:08:59 AM
I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).

Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?

No one can control the volatility of bitcoin because everyday there are investors who buys and sells the coins and we do not know whats on the mind of these investors because everyone has their own thinking. I think it would only be controlled if there is a limit on buying and selling the coins with that limit everything would be in control.
newbie
Activity: 42
Merit: 0
September 27, 2017, 07:03:25 AM
Bitcoin is decentralised and can't be controlled but I think over time the volatility will naturally decrease as the market forces of demand and supply begin to stabilise and bitcoin becomes more established.

Are you sure about that? pump and dump is what they do every day...
hero member
Activity: 868
Merit: 500
September 27, 2017, 06:40:03 AM
Bitcoin its decentralized soo no one has plenty control to stabilize the coin or make it dump and pump like countries does make with their currencies usually. If bitcoin volatility were abel to be controlled it would be worth 3000 dollars never, it would be traded at 1 dolar or maybe less, crypto coins need to be traded, that does give them value and bring interest for them.
full member
Activity: 434
Merit: 103
September 27, 2017, 06:28:20 AM
Bitcoin is decentralised and can't be controlled but I think over time the volatility will naturally decrease as the market forces of demand and supply begin to stabilise and bitcoin becomes more established.
newbie
Activity: 42
Merit: 0
September 27, 2017, 06:24:33 AM
Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market.

There are non speculative coins today, but they don't have much traction, we can start another non speculative very usable coin today, who would use it?
legendary
Activity: 1162
Merit: 1000
September 27, 2017, 06:08:11 AM
I think it will be very difficult to control. we see that bitcoin prices tend to change very quickly. although only some hoax news, it's because bitcoin users are determining bitcoin prices. the higher the level of bitcoin use by society the higher bitcoin also. it seems that bitcoin price control will be very difficult to do.
sr. member
Activity: 434
Merit: 255
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September 27, 2017, 06:05:20 AM
Volatility in the prices of bitcoin will always be until the speculators will control the bitcoin market. Exchanges of shares are the mechanisms which oppose the actions of speculators. Maybe someday we will have the same mechanisms at bitcoin exchanges and then jump stop.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
September 27, 2017, 05:48:50 AM
The volatility of bitcoin cannot be controlled by the people who are using bitcoin or the people who just want to control it. Bitcoin cannot be controlled because it is not owned by anyone and it is only depending on the buyers and sellers in the market so as long as there is buyers and sellers in the market then the volatility will continue and it will not make any change for that.
Volatility characteristic of bitcoin would be forever. We can't controlled that because since from existence of bitcoin is still there.
Not only from the buyers and sellers could affects its volatility but also from the numbers of users. The flow in the market, indicates if bitcoin price could be stabilize but it seems nothing like that. This volatility would be a part of bitcoin until the end.
We cannot remove the volatility of bitcoin because bitcoin is decentralized and when you are decentralized then you are totally free and you can do all the things that you want without disobeying the law because you have the power of decentralization. The volatility will stay in bitcoin and it will not become available to be controlled since governments cannot control bitcoin or other type of organization.
full member
Activity: 700
Merit: 117
September 27, 2017, 12:33:29 AM
The volatility of bitcoin cannot be controlled by the people who are using bitcoin or the people who just want to control it. Bitcoin cannot be controlled because it is not owned by anyone and it is only depending on the buyers and sellers in the market so as long as there is buyers and sellers in the market then the volatility will continue and it will not make any change for that.
Volatility characteristic of bitcoin would be forever. We can't controlled that because since from existence of bitcoin is still there.
Not only from the buyers and sellers could affects its volatility but also from the numbers of users. The flow in the market, indicates if bitcoin price could be stabilize but it seems nothing like that. This volatility would be a part of bitcoin until the end.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
September 27, 2017, 12:28:54 AM
Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market

Bitcoin is no exception here

Any appreciating currency (i.e. a currency rising in value) leads to this effect, that is, to people hoarding money instead of spending it. This is called price deflation (since one unit of a currency can buy more over time), and this is dangerous to the economy overall, by far more dangerous than small or moderate inflation (small and stable inflation is considered good and beneficial to the economy). In such conditions producers are disincentivized to produce, thus people are laid off, and the whole economy is set to spiral down. In other words, Bitcoin, with its number of coins hard capped, would be one such currency if it were used universally and instead of inflating fiat
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
September 26, 2017, 11:22:51 PM
Why control it? Crypto currencies are so attractive right now because of volatility and speculation, there are non volatile coins and don't generate much interest

I think I do agree with it, most investors see potentials on things they can't control it's like a new thrill. In bitcoin you can't get bored to it, for other stocks they have the tendency for a repetitive trend everyday. And most users are used in gamble and uncertainty. It is like, a game play to them in some cases but eventually profiting the end. Cant argue much on what should be good for bitcoin, is good to be volatile or stable?. I think I will accept bitcoin as it is.

If you want Bitcoin as a speculative currency used to grow your money, it's true, there is no reason to control the volatility, but if you want to use it as currency on your daily life there should be some stability... People won't like to use 1 Bitcoin today to buy a computer as tomorrow this person can use the same 1 Bitcoin to buy a car... People will tend to hold and only hold, without making the BTCs circulate on the market.

I got your point and slightly agree to it. Maybe I'm just too focused on investment thing in my mind. When we're talking about its integration to our daily life as a currency I think you're right that most businesses think the same way. But really I don't see so much an issue with this when in reality using bitcoin as a currency is an individual decision to make. For I will may do it or may not. Think about it if 1bitcoin price is increasing does a businessmen who you transact with will profit or made a bad deal.

Yes, in the end everything is based on individual choices and that is the point of Bitcoin, we don't have a regulator controlling the price, centralizing everything. I understand it's a new kind of currency and a new way to make business. But being realistic I think Bitcoin will continue more like an investment for much time yet. About your last sentence, it's unpredictable, that can be a good or bad deal.

There is a chance that Bitcoin price will continue rising and there is a chance that will stop rising immediately and start droping right after.  Cheesy
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