Topic: Could a coin price be locked in place? (Read 873 times)
You can't control the price in decentralized market. Simply, people will trade OTC for the price what they like. And you will have no volume, no volatility on exchanges that will offer diffrent price than real price.
It can be maintained at a certain value if the creators of the coin decide that the coin should maintain a certain value. But it would become a stable coin.
Some coins are surely being manipulated to stay at a certain price. The good thing is if you want to buy or sell a coin, you don't need to worry about the quantity of USD or coins you want to sell.
Now, if you want to sell a big bag of coins, you are going to make the coin fall. Or if you want to buy a lot of coins, the price is going to increase a lot. Because of this, it is safer to only have few money into the crypto market.
Some coins are surely being manipulated to stay at a certain price. The good thing is if you want to buy or sell a coin, you don't need to worry about the quantity of USD or coins you want to sell.
Now, if you want to sell a big bag of coins, you are going to make the coin fall. Or if you want to buy a lot of coins, the price is going to increase a lot. Because of this, it is safer to only have few money into the crypto market.
If it is possible to lock a coin price in a place, then it ceases to be a market because in a market the people who determines the price of goods and services are not those that made the market available to traders but those that actually trade in the market, this is same with crypto and it's not possible to control a free market because the price of the coins in the market is determined by those who trades in the market.
Where anything send into public investment, it's difficult to control the value except your company and you try to manipulate your stock value.
Beside it's economy law where there is a value , there will be the demand , without the demand ,it's worthless !
Beside it's economy law where there is a value , there will be the demand , without the demand ,it's worthless !
In my thought, locking up the coin price in a fixed price will be the same as killing that coins, many people will be leaving that coin behind, because they can't trade that coins to generate profit from that respected coins. It will surely able to be used as a payment tool only.
Using it as payment tool already is more than enough to keep the coin going, although locking it completely without having a little room to move between prices will make investors or traders loose interest but we also have large number of companies too that could make it continue to function which I know that it will be absolutely impossible to lock the price because it doesn’t depend on a controlled market system.But, we have to start having it at the back of our mind that a time will come that the price action of BTC will almost near that of a stable coin, in future, once it has gain the attention of large number of the population and the adopt it, the market will become very less volatile for investor to make any short term or long-term gain, because then, the price would have been too high and very difficult to see it manipulated and by then, will be more useful to Traders, Holdlers for store of value and companies using it for payment service.
The cryptocurrency market is very unstable and constantly evolving, so I am sure that for a long time the price of a coin cannot stay in one place.
It is the market volatility that allows many participants to be successful in their investments.
it is true that the cryptocurrency price movements in exchange will never be stable and there will always be price movements because cryptocurrency can only be controlled from the interaction between buyers and sellers in the exchange. It is the market volatility that allows many participants to be successful in their investments.
I'm not talking about these supposed stablecoins like Tether, but normal coins. Let's say an agreement was made among all the major Bitcoin exchanges. Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it. The price never goes higher or lower. A Bitcoin is $5000 today, tomorrow, next week, next month, etc. NOTHING changes it. Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
Any restrictions that limit the free development of the market ultimately become ineffective. People will always find a way around the limits. As for establishing a stable price for cryptocurrency, in this case, cryptocurrency holders and investors will carry out transactions in cryptocurrency through OTC transactions and in this market there will still be demand and supply, and therefore the price of cryptocurrency will vary. I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
I'm not talking about these supposed stablecoins like Tether, but normal coins. Let's say an agreement was made among all the major Bitcoin exchanges. Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it. The price never goes higher or lower. A Bitcoin is $5000 today, tomorrow, next week, next month, etc. NOTHING changes it. Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
Nobody here will like the idea, most of us here invest for profit, and the word buy low sell high and hodl will no longer exist, this is decentralization industry, there should be no governing body that will dictate the price of Bitcoin or any other coin, they will lose their true essence.
The vision of Satoshi Nakamoto was to create a decentralized coin which is not dependent. To have a fully peer-to-peer
system with open source code, with no trusted third party. Are we trying to find the ways how to destroy that vision and why?
system with open source code, with no trusted third party. Are we trying to find the ways how to destroy that vision and why?
In decentralized environment we have no control over the price of the coins. Ofcourse if you think of centralized currencies, like USD etc government take steps to keep dollar stable at a certain price and this is possible because the demand and supply is in their hands. They could introduce artificial schemes which may not let dollar fall to a certain point or rise to some point.
Since no one is in control of bitcoins, no one can set its price and therefore we see a much volatile prices in crypto currencies.
The vision of Satoshi Nakamoto was to create a decentralized coin which is not dependent. To have a fully peer-to-peer
system with open source code, with no trusted third party. Are we trying to find the ways how to destroy that vision and why?
system with open source code, with no trusted third party. Are we trying to find the ways how to destroy that vision and why?
I'm not talking about these supposed stablecoins like Tether, but normal coins. Let's say an agreement was made among all the major Bitcoin exchanges. Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it. The price never goes higher or lower. A Bitcoin is $5000 today, tomorrow, next week, next month, etc. NOTHING changes it. Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
There are some coins called stable coins and that not necessarily means that its market price is stationary and constant, though there are also coins that are limiting the sell price to a certain amount to avoid getting dumped and also its market price is not stationary and constant, in conclusion, there are no coin with price locked in place as market decides how much would it be.
The cryptocurrency market is very unstable and constantly evolving, so I am sure that for a long time the price of a coin cannot stay in one place.
It is the market volatility that allows many participants to be successful in their investments.
It is the market volatility that allows many participants to be successful in their investments.
I'm not talking about these supposed stablecoins like Tether, but normal coins. Let's say an agreement was made among all the major Bitcoin exchanges. Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it. The price never goes higher or lower. A Bitcoin is $5000 today, tomorrow, next week, next month, etc. NOTHING changes it. Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
That sounds like a communistic approach, where everything is being controlled by one committee or organization, it's not going to happen to a system that is decentralized and independent, that is such outrageous idea and we do not know it is going to be implemented.
why would you want your investment to sit on the same price ? that is not an investment anymore but only a deposit, like banks works... . also the price is not set by the exchanges or this is what I want to belive....
Yes, we do not want the price of our coin to be fixed. Everyone is investing in crypto currencies to get good money from the change in prices. Yes, one thing we all want is that the prices do not fall below our purchase price but then its a volatile market, anything can happen here.
Tokens and ICO are the most coins that becomes frozen because there is not traders or the traders has left the specific coin.
He wouldn't be asking such a question if the price of Bitcoin only goes up. Let's assume that the price keeps going up and never goes down, you wouldn't like to have it locked in place (particular rate) because you would like to make profit. Bitcoin is determined by the selling and buying. How much that comes in or goes out at that moment will determine where the price is heading to.Exchanges are not even the ones who can say what the price is going to be. Buying cryptocurrency is the same like when you're buying stocks, you don't expect their price to be fixed. If you feel like you're going to lose money due to the price that is volatile, all you can do is to pull your money to real money. There are exchanges that can let you switch to a different currency right on their platform if you'd like to keep your money.
Its not the exchange call to fix price for any particular coin or tokens and its never going to be and if there is who will use them? Rise and fall in price of bitcoin as its advantages
In my thought, locking up the coin price in a fixed price will be the same as killing that coins, many people will be leaving that coin behind, because they can't trade that coins to generate profit from that respected coins. It will surely able to be used as a payment tool only.
If there is a similar conspiracy of the exchanges, people simply will not use them and will look for other ways for free trade. And such opportunities will always exist. No administrative pressure can affect the free price on the market, which will always be formed on the basis of supply and demand.In general, the establishment of stable prices in the market is impossible. This is contrary to the principles and spirit of the market itself and the exchange will never support such an offer.
The idea, of course, is very interesting, but it cannot be fully implemented in practice. Exchanges only provide the process of trading and can not affect the price of cryptocurrency. Everything still depends on supply and demand. Only they determine the price of cryptocurrency on the market. If the administration of the exchanges interferes with the process of free price formation, the market will actually disappear. Then market participants will simply look for other, over-the-counter free trade routes. People will bypass the established prohibitions, such measures have never been effective.
No never because exchanges can't control the price it's the people who are trading are the ones who dictate the price of a certain coin, its a law of supply and demand. I also don't think people will actually like locking the price of a certain coin because bitcoins concept is to be decentralized and not to be controlled by anyone.
In my thought, locking up the coin price in a fixed price will be the same as killing that coins, many people will be leaving that coin behind, because they can't trade that coins to generate profit from that respected coins. It will surely able to be used as a payment tool only.
of course what is done is not locking the coin for a long time. maybe the development team is still preparing for an update or wants to make price stability in advance to attract investors in. all assets will be traded because there is also no fixed price movement in one price. Jump to: