Can Bitcoin Volatility Be Controlled? - page 34.

Crafts12

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Quote from: iamTom123 on July 03, 2017, 01:12:02 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?

In my opinion , no. Bitcoin's value depends on the market's demand, but I think we can't control the market or the majority. We can only spread awareness about how effective Bitcoin is. Bitcoin is volatile because dumps and pumps are looking like a cycle. That if there is a pump, inflactuations are expected and vice versa. In my opinion, it will be stabilized if most of the countries will legalize bitcoin as a currency.

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Quote from: iamTom123 on July 03, 2017, 01:12:02 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?

Well volatility can be controlled and we can make the price of bitcoin stable. But the problem lies on the total amount of bitcoins in the circulation which is 21 million coins and if we fixed its value only a limited few can have it. Aside from that if we will make bitcoins price stable the only way to do that is to make a consensus of all stakeholders and that is very difficult to do since bitcoin is decentralized. In order for us to do that the states around the world must unite and enjoined to discuss and settle things as to what value will be given to bitcoin. That will end the volatility but also bitcoins decentralized feature. In short to make bitcoins price controllable we must make bitcoin decentralized and that is a very big problem. In my own opinion I would like bitcoin that is volatile since that will help me earn profit from trading and aside from me that is how people loved and trusted bitcoin.

jonosutio

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Whether it can be controlled, which can control only the teams that are behind it. Some give fake price moves to benefit from it, if the system has functioned in a decentralized state, the volatility can not be controlled by the team behind it.

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Quote from: Vishnu.Reang on July 26, 2017, 02:58:23 AM

Volatility can be controlled by various measures, but if we do that, then it is not going to be good for BTC. Let the exchange rates decided by the supply-demand ratio. There are certain currencies such as the Saudi Riyal and the Hong Kong dollar, which are having fixed exchange rates. But we don't need such a system for Bitcoin.

The Swiss Franc was also pegged to the Euro before market pressures became to big. Once they unpegged the Franc, there was an immediate correction. It shows that even fixing exchange rates is useless against market forces if the pegged systems are diverge enough. Just look at Tether. Even they are fluctuating, although not as heavily as non-pegged cryptos.

Ctn

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I'm sure it is not that bad characteristic of bitcoin. In fact it is the character that making us profitable where we take advantage of buy and sell margined arising due to its volatility. The fact you saying here that

Quote

volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin.

is not completely true because bitcoin is made for holding our money or trading into stock exchanges. It was not really meant to adopt into business but let the businesses feel it's power to invest into bitcoin itself.

Aamir1

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It is of course not possible to stop the volatility of bitcoin. It is just like asking every single person, every exchange and service to stop selling or buying bitcoins, because that is the reason why bitcoin is volatile. It is in circulation that is why its price does not stay in one place. If bitcoin is supposed to be stable then there should be no demand and supply anywhere in the world which is impossible to happen.

Vishnu.Reang

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Volatility can be controlled by various measures, but if we do that, then it is not going to be good for BTC. Let the exchange rates decided by the supply-demand ratio. There are certain currencies such as the Saudi Riyal and the Hong Kong dollar, which are having fixed exchange rates. But we don't need such a system for Bitcoin.

deppil

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Quote from: Blamsud on July 25, 2017, 12:29:16 AM

Quote from: malikusama on July 25, 2017, 12:16:56 AM

High volatility is the issue, volatility of bitcoins makes it unique from other currencies and it is attractive feature as business point of view. Volatility can be controlled if we have a stable market of bitcoin (which is in fact not possible due to its characteristics in my point of view)

We can't control volatility since it is decentralized and demand is hard to predict. Some countries planning on implementing it can make its value really high. Stable market can only happen in short period of time and can change as fast that we don't even noticed.

I think controlling the fluctuation means that it will manipulate the price as well? If manipulating the price many people say that it could be done if you have a lot of bitcoin, I mean thousands of bitcoins in your wallet and have a team to manipulate. With news, speculation, issues, and bitcoin a lot, a strong team, it could just manipulate the fluctuations and bitcoin prices

deppil

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Quote from: CrowdFunder on July 25, 2017, 06:56:29 PM

Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.

If marketcap on the market bitcoin bigger of course it will make the fluctuation becomes slow or down. Of course everyone knows that the more days the user will be more and certainly marketcap will be increasing every day. Means it will make the fluctuations become slower from day to day, is that true?

DrGuns4Hands

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volatility of bitcoin cannot be controlled because bitcoin is a decentralized currency and the market is not that stable when it comes on buy and sell . you can't predict what's on the mind of big whales that's why bitcoin wouldn't be stable some how. bitcoin is now is not made to be like that but somehow bitcoin and us user adapt it from the bottom of our heart we didn't know that bitcoin could actually grow like the price right now. im glad that i have enough knowledge on bitcoin.

mornabo

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Quote from: CrowdFunder on July 25, 2017, 06:56:29 PM

Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.

That means more marketcap or volume in the bitcoin market, will make the fluctuations slower or smaller. What if someone has a large bitcoin capital and can reduce and increase marketcap in the market? Surely they could have manipulated fluctuations right ?

iram1011

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Quote from: iamTom123 on July 03, 2017, 01:12:02 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?

A LONG time.

Bitcoin has a $42B market cap. This is nothing. Until this market cap grows into the trillions I don’t think Bitcoin will be stable enough to be a functioning currency. There just isn’t enough liquidity. Unless there is a significant portion of the world invests in Bitcoin, there wont be stability.

zarados

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Quote from: iamTom123 on July 03, 2017, 01:12:02 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?

Maybe this volatility has become the hallmark of the world of cryptocc, especially bitcoin, of course the business people are still preventing to use the bitcoin facility to make transactions in because their money circulation is running quickly. Quite contrary to the fluctuating bitcoin value. Business persons do not want to take that risk. For now, bitcoin may be only in demand by investors and traders who are indeed turning their money based on the ups and downs of market prices from their investment targets.

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Quote from: error08 on July 25, 2017, 06:57:12 PM

Bitcoin volatility maybe hard to controlled, but fortunately it is a decentralized digital currency which has limited supply. Bitcoin volatility maybe could be more stable if everyone or many people in this world have bitcoin in their wallet, bitcoin spread widely and used in daily transaction as medium of exchange, so if some people sell bitcoin, many more will buy bitcoin, then bitcoin price will reduce bitcoin volatility such as fiat currency.

things make bitcoin won't get controlled by a single institution, group or whatever it is because of how bitcoin work with its decantralized system , it is like the power of "us" . everything done by a lot of people in different places and in different decisions.

i can not see there is a possibility the market and bitcoin itself could be controlled by one sided!

SaShiRaJaVu

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Quote from: CrowdFunder on July 25, 2017, 06:56:29 PM

Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.

If you look at the historical data we could very well say that we are not seeing that much volatility like we used to see in the beginning,things will change when the market cap increases without a doubt,with the scaling being done it is a matter of time that we take the market to the next level and then we could see less volatility.

error08

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Bitcoin volatility maybe hard to controlled, but fortunately it is a decentralized digital currency which has limited supply. Bitcoin volatility maybe could be more stable if everyone or many people in this world have bitcoin in their wallet, bitcoin spread widely and used in daily transaction as medium of exchange, so if some people sell bitcoin, many more will buy bitcoin, then bitcoin price will reduce bitcoin volatility such as fiat currency.

CrowdFunder

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Volatility can't be controled but it will get more and more reduced as market cap and daily volume increases over time. Bitcoins volatility is proportional to its value, at higher valuations it takes more fiat to move the price in either direction.

Anarchist

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Guys you forgot one thing. Controlling the volatility of a cryptocurrency is not just about pump and dump, investing a large amount of money, or implementing the regulation. A single voice can manipulate the volatility and so the opposite as well controlling. As well a propagande or a campaign call it as you wish (no i am not talking about signature/twitter campaign Cheesy

)

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Quote from: iamTom123 on July 03, 2017, 01:12:02 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?

Volatility cannot be controlled when the case is for bitcoin. If it were not for volatility of Bitcoin, people would not know more about it,and if they come across it,they will just ignore it thinking that its just someone trying to scam them. Businesses can adopt Bitcoin, but they must be smart and take some risk ,but at the same time adaptating fully on Bitcoin may not be wise decision as of now.

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Quote from: iamTom123 on July 03, 2017, 01:12:02 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?

Maybe. Bitcoin depends on the market's demand. So its volatility might be controlled if the demand will continuously increase in order for the Bitcoin's value to remain high. The more people who will invest in Bitcoin, the more benefits on this community. So if that's the reason, pertaining to volatility, why people and companies doubt in the adaptation of btc, they should know that they can be a part of the solution to this problem. If they will be brave enough and will trust btc as currency, its price will be detained as high.

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