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Topic: [Discussion] What's best for the future of Bitcoin? (Read 580 times)

member
Activity: 574
Merit: 12
For bitcoin it will be very good if its price is stable. And for bitcoin, as crypto currency, it will be better if it does not have a higher cost. The higher the cost of bitcoin, the more risky it will be for investments. In addition, its high cost prevents the legalization of the crypto currency by the states.
It will also be better for bitcoin if it is used primarily as a means of payment, and not as a means of accumulating value. Using it more as a speculative means of making a profit leads its development into a dead end from which the path is only one - down to depreciation.
newbie
Activity: 70
Merit: 0
I personally think bitcoin should make a negotiation with the governments so that at least the users can use it easily and without any problem.
legendary
Activity: 2534
Merit: 1338
The price of bitcoin may rise one day. However, positive developments should definitely happen. It is not so easy to raise prices without seeing them.

there are many positive developments, both code development and regulatory environments. But you people can't see it only checking the prices and charts, forgetting what this is about
This is one of the flaws of only looking at the charts to try to tell the state of bitcoin, we know the price can be manipulated, so the price is not a very good indicator about what is happening with bitcoin, so we also need to look at the developments happening not only in terms of technology but also in terms of the laws and the policies that countries take towards bitcoin.
member
Activity: 518
Merit: 11
bitcoin will never be stable, today and the future, and this is the consideration of every country to adopt bitcoin, very fast and high volatility of bitcoin. so it's a little difficult to become a payment instrument.

the biggest thing that will happen to bitcoin in the future is the value of bitcoin will reach the maximum value, $ 300000, then bitcoin will be accepted by all countries as a legal transaction tool.
newbie
Activity: 52
Merit: 0
Recently the crypto market has experienced a very deep decline including bitcoin, maybe this year's bitcoin will not rise high, in my opinion bitcoin will remain stable.
member
Activity: 126
Merit: 25
You are asking what is best for bitcoin and yet you have though about the "price" at the first place.

It doesnt matter which price is it.
Usage will be the key for the better future of it.
As of now we can see there is not much.
Merchants are still in doubt because of its volatility. Yes a price stability might help but that will affect the investors afterwards. Some of them are here for that fluctuation. We might see a big dump if a stability happens.

I highly doubt that's the case. If anything stability will increase adoption which means that more people will come on board. Volatility is only helpful when the price goes higher and higher but not when it's high one day and crashes the next.
hero member
Activity: 1708
Merit: 541
What's the best thing for the future of Bitcoin the price going higher and higher (over ATH) or the price becoming stable?
The best thing would be both Cheesy

Honestly, I would rather choose the price become stable. Bitcoin price volatility is one of the main issue of mass adoption. Bitcoin's volatility is alien in other investment. You wouldn't see any stock going down by more than 10% in a day and then going back up the next day. That's crazy volatilty and it actually scares some investors out.

By stable I don't mean the price will be the same for a long period of time. Of course, there has to be some stable growth in the price as Bitcoin is a limited asset (fixed supply).
newbie
Activity: 8
Merit: 0
The best thing for bitcoins would be if it disappeared and only the technology of blockade remained. Blocking will change the future, not bitcoin or etherium. It would be better if everyone returned to the usual fiat money.
member
Activity: 221
Merit: 10
I will always support the volatility because if the price will going to be stable then the investors will not going to invest here.
jr. member
Activity: 280
Merit: 1
The price of bitcoin may rise one day. However, positive developments should definitely happen. It is not so easy to raise prices without seeing them.

there are many positive developments, both code development and regulatory environments. But you people can't see it only checking the prices and charts, forgetting what this is about
legendary
Activity: 2534
Merit: 1338
You are asking what is best for bitcoin and yet you have though about the "price" at the first place.

It doesnt matter which price is it.
Usage will be the key for the better future of it.
As of now we can see there is not much.
Merchants are still in doubt because of its volatility. Yes a price stability might help but that will affect the investors afterwards. Some of them are here for that fluctuation. We might see a big dump if a stability happens.
Exactly, the rate of adoption is going to be critical when it comes to the well being of bitcoin and obviously that is going to have a good effect on the price of bitcoin, people only seem to care about the price not understanding that the price is only one measure of how well bitcoin is doing, for example even if the price is not very high right now the technology of bitcoin is still improving.
hero member
Activity: 3052
Merit: 651
You are asking what is best for bitcoin and yet you have though about the "price" at the first place.

It doesnt matter which price is it.
Usage will be the key for the better future of it.
As of now we can see there is not much.
Merchants are still in doubt because of its volatility. Yes a price stability might help but that will affect the investors afterwards. Some of them are here for that fluctuation. We might see a big dump if a stability happens.
full member
Activity: 252
Merit: 100
What's the best thing for the future of Bitcoin the price going higher and higher (over ATH) or the price becoming stable?

Note my question doesn't say what's better for investors or what's better for you specifically. The question is what's better for Bitcoin overall. The price spikes are great but those are short-term gains and they only attract those that want to get rich quickly, on the other side if the price of Bitcoin were to become more stable then you'd see a lot more places accept Bitcoin as a currency and the overall growth and usage of Bitcoin would increase worldwide.

What are your thoughts?
Bitcoin and so currently shows stability, and it would like to wish other coins that this is not even enough, as well as the coin itself is beautiful and shows good progress. Roll Eyes Roll Eyes
sr. member
Activity: 619
Merit: 251
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
I think that the future that we all are waiting for would be for Bitcoin to became as the first step an alternative currency and then a global one to pay with it worldwidely.
full member
Activity: 546
Merit: 100
The price of bitcoin may rise one day. However, positive developments should definitely happen. It is not so easy to raise prices without seeing them.
legendary
Activity: 2534
Merit: 1338
What's the best thing for the future of Bitcoin the price going higher and higher (over ATH) or the price becoming stable?

Note my question doesn't say what's better for investors or what's better for you specifically. The question is what's better for Bitcoin overall. The price spikes are great but those are short-term gains and they only attract those that want to get rich quickly, on the other side if the price of Bitcoin were to become more stable then you'd see a lot more places accept Bitcoin as a currency and the overall growth and usage of Bitcoin would increase worldwide.

What are your thoughts?
We do not really have a choice, the market is going to grow by itself thanks to the demand of bitcoin and the demand of bitcoin is not stable it's volatile and it's going to be that way for a long time, so what we can do is to learn to deal with that volatility which is precisely why people prefer to hold their coins for the long term as a way to offset the volatility of the market.
sr. member
Activity: 784
Merit: 252
I think bitcoin will be better at moving quickly to attract investors, most people will like this. maybe bitcoin is a currency. where the currency must be stable
legendary
Activity: 2436
Merit: 1362
I dont think there is any one thing which is vest for bitcoin. It can deal with
whatever people want from it and it is constantly morphing in response to
How people use it.

If it becomes more stable there could very well be more adoption which
could lead to volatility again.

If the price goes higher and higher there could be increased trading and
speculation leading to bigger swings in value.

Anyway just my opinions and its really hard to know whats best and
there is varying opinions and expectations.
member
Activity: 420
Merit: 24
What's the best thing for the future of Bitcoin the price going higher and higher (over ATH) or the price becoming stable?

Note my question doesn't say what's better for investors or what's better for you specifically. The question is what's better for Bitcoin overall. The price spikes are great but those are short-term gains and they only attract those that want to get rich quickly, on the other side if the price of Bitcoin were to become more stable then you'd see a lot more places accept Bitcoin as a currency and the overall growth and usage of Bitcoin would increase worldwide.

What are your thoughts?

Aside from learning about the technology of bitcoin, we are all here to profit from it. I prefer bitcoin to be volatile for the excitement is there. If bitcoin will become a currency with a stable value then I guess this bitcoin forum will be boring. People got interested to bitcoin due to its volatile price. Try to look back when bitcoin's value is still under a dollar. If that value didn't skyrocket then I guess we aren't here in the first place since there's nothing that can hype us or make us feel interested about the technology.
newbie
Activity: 200
Merit: 0
Last year, Bitcoin led a motley pack of so-called cryptocurrencies in one of the great booms in market history, soaring over 2,000 percent to its peak. Since then, it’s led an epic bust that rivals the dot-com era stock market collapse. But there are still plenty of true believers. And as the dust settles, investors and regulators find themselves still grappling with questions first raised when Bitcoin broke into public consciousness five years ago: What exactly is it? How do imitators like Ethereum, Ripple’s XRP and Bitcoin Cash work? Should I buy it? Where do cryptocurrencies fit into the future of money? Here’s a guide for those feeling at sea in these turbulent digital waters.
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