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Topic: Could a coin price be locked in place? - page 2. (Read 873 times)

sr. member
Activity: 770
Merit: 250
April 05, 2019, 10:31:44 PM
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.
sr. member
Activity: 700
Merit: 251
April 05, 2019, 10:21:36 PM
This is the market and all prices can change because there are sellers and buyers. And for the value of this coin, it changes because it is affected by the problems that are currently circulating. But it is safer to invest in top coins because they have large volumes. Prices can easily change and this will give you an advantage.
hero member
Activity: 1344
Merit: 502
April 05, 2019, 07:29:52 PM
Assets with a fixed price are commonly referred to as stablecoins which are typically backed by collateral and can be used for transacting and hedging against market volatility whereas assets that don't have a fixed price can be more speculative in nature and are primarily used for trading and investment purposes so it wouldn't be very useful to have these set at a fixed price
sr. member
Activity: 807
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
April 05, 2019, 02:23:00 PM
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....
Well, now only the exchange and set prices. I also don't want to believe in it, but this is how the market works now
full member
Activity: 504
Merit: 100
April 05, 2019, 01:38:33 PM

it would be an interesting experiment, unfortunately is an unattainable thing the exchanges make each one their own price and then let's not forget about the dex where the market value is determined by the users...
In any case, the market price is formed only by one criterion, and this is when demand creates supply. Based on this, it is necessary to understand that only real investments in the cryptocurrency market will be able to correct the current situation.
hero member
Activity: 3066
Merit: 605
April 05, 2019, 01:02:49 PM

it would be an interesting experiment, unfortunately is an unattainable thing the exchanges make each one their own price and then let's not forget about the dex where the market value is determined by the users...
member
Activity: 171
Merit: 50
Crypto will save my kids!
April 05, 2019, 12:33:02 PM
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....
full member
Activity: 686
Merit: 131
April 05, 2019, 12:32:25 PM
Um, that would absolutely destroy the crypto economy.

You are talking about Trump, so I am assuming you are American?
Then how can you not know how a free market works?
There is only growth when there is a free reign of valuation, speculation, supply, demand, and the exchange of goods.
The moment you try to fixate it on something, the entire machine comes to a grinding halt.

Also, fixing a price to BTC would go entirely against what btc is all about in the first place.
Blockchain was invented to allow direct p2p transactions.
We control it, distribute it, trade it, valuate it, without interference from middle men or centralized organizations.

The price of BTC today has nothing to do with what exchanges think it should be.
And everything what are general market is willing to buy and sell it for.

If you don't understand these very fundamental basics, I suggest you research more about market economics and blockchain technology.
hero member
Activity: 2464
Merit: 877
April 05, 2019, 12:25:27 PM
#99
I think that it is almost impossible to fix the price of a coin on the spot under the conditions of very high market volatility.
The ups and downs of the cryptocurrency market greatly affect prices, as well as demand from participants.

No one can control the coin price nor anyone can suppress it. Bitcoins and crypto currencies are decentralized and no one have control over them.

If you want to pump a coin, you need to bring volume into it. Demand and supply play a major role in bitcoin and price movements.
hero member
Activity: 1414
Merit: 516
April 03, 2019, 12:03:17 PM
#98
Is not simple to lock it and get a stable price for a long time, exchange can't set it and be a stable price because who hold bitcoin and who buy will not sell or buy for a fixed price.
copper member
Activity: 190
Merit: 1
April 03, 2019, 12:00:33 PM
#97
You cannot simply lock a coin price, because we have a free market here and there are tons of factors that are influencing this price. It would be pretty awkward to lock the price now, because we are just launching the rocket.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
April 03, 2019, 11:56:41 AM
#96
I don't like it and I think all traders and investors will not like this idea, it's an open market we do not want manipulation and control, it's all about the principle of buying low and selling high, it's never been done before and I don't think it's going to happen soon.
It will absolutely even be impossible, the technology was created to provide an anonymous transactions, so if they introduce that, then it automatically turns it to the same way our traditional market works which makes no sense to have a duplicate system, it would have also been better then in that case for traditional banks to incorporate blockchain technology while they still have control over it, although if it was done the way OP suggested, it would make the objective of blockchain tech as a payment system quickly come to pass, unlike what everyone of us is using them for now.
sr. member
Activity: 791
Merit: 273
This is personal
April 03, 2019, 05:08:01 AM
#95
I don't think that coin price should be locked in place, but it could be locked in place just like USDT or other stablecoins, but this is not interesting to invest in. These coins have purpose to save your wallet value in USD for short term, but holding them for long term doesn't have any purpose.
jr. member
Activity: 510
Merit: 2
April 03, 2019, 04:56:15 AM
#94
This will defeat the the purposes of reasons why people invest in cryptocurrency because nothing will be like making profit again and most of the exchange will runs out of business .
newbie
Activity: 14
Merit: 0
April 03, 2019, 04:44:58 AM
#93
stable coins are "pseudo" crypto Smiley but they allow you to earn more consistently over the long haul
full member
Activity: 588
Merit: 104
April 02, 2019, 05:05:52 PM
#92
Locking the price of the coin is not an option as that would be a centralized solution and crypto is not about it.
I am supporting the decentralized solutions for the stable coins as well like DAI.
full member
Activity: 798
Merit: 100
April 02, 2019, 03:32:13 PM
#91
I think that this cant be, because the price will always change. There are many large investors who can influence the price at any time. However, in the future, perhaps bitcoin will be more stable, but it is too early to talk about it.
member
Activity: 476
Merit: 10
CAT.EX Exchange
April 02, 2019, 01:53:40 PM
#90
the market runs in general based on supply and demand, even stable coins will not be able to be truly stable, if indeed there is a project, they also need a volume of supporting prices, or they will not be of any value. In economic principles, this applies to attracting markets which are always the starting point for determining prices.
full member
Activity: 546
Merit: 100
April 02, 2019, 01:43:04 PM
#89
I think that it is almost impossible to fix the price of a coin on the spot under the conditions of very high market volatility.
The ups and downs of the cryptocurrency market greatly affect prices, as well as demand from participants.
the price will only go up or down, that is what will happen because even the USDT which is a stable coin also increases and decreases so it is not possible to lock the price.
jr. member
Activity: 196
Merit: 2
April 02, 2019, 01:37:55 PM
#88
In the conditions of the beginning of the stability of the cryptocurrency market, the prices for coins will be kept without sharp jumps.
After the rise in the market begins, prices will soar up and many players who have invested in coins will get a good profit.
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