From my point of view it should continue increasing for now until some years in the future when it will be better when it become stable due to the lower frequency of coins being released through mining.
Attempting to make it stable in the current rate won't prove to be too useful like it will be in some years, thats what i think. It would attract more costumers/investors if it becomes more stable and worth using in everyday transactions and that along with the mining rate would make the stability last short time.
Topic: [Discussion] What's best for the future of Bitcoin? - page 2. (Read 580 times)
Looking at the rate at which bitcoin has been on the radial from January to now, i believe the world is gradually getting to know about cryptocurrency and bitcoin as an alternative mode for transaction of goods and services. Bitcoin is still young and blockchain technology is also subjected to improvement and additional security and faster usage.
bitcoin is a very high coin in the value. I think that by investing in bitcoin we can make a big profit. You can also do bitcoin business. You can exchange deals through this. By investing in this coin you can take advantage of the short and long lasting benefits. When people invest in this, bitcoin will focus on everyone. The value of bitcoin will increase. Then demand for bitcoin increases. Then the future situation of bitcoin is also optimistic.
Although I would like for bitcoin to be that the price goes higher and higher as well as a stable price, I think for me, if I have to choose only one, I will have to go with a stable price. Because I am not sure if more and more people will want to join the crypto world if the market continues to remain unstable. For now, at least, price stability is ideal more than the price going higher and higher.
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?
It depends on what type of mode BTC is used. If BTC is used as an asset then it would be better if the price keeps on going higher and higher.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?
If bitcoin is treated as a mode of payment then it would be best if it's price becomes stable so that it is used in a wide variety of places.
To combine both of these BTC should go to higher prices periodically and stay stable for a period time of time which is almost difficult to happen.
To satisfy both of these situations BTC has to split and doing so would destroy BTC. Keeping Satoshi's view in vision it is known that he created bitcoin for making a new mode of financial transactions. Hence BTC becoming stable would be best for itself.
Bitcoin prices are currently experiencing growth, and these growths are sometimes interspersed with falling prices. therefore hoping that the price of bitcoin will stabilize is a dream I think the price of bitcoin will continue as it is now between the highest and lowest price ranges
For it to become mainstream and ready for mass adoption, its price should be stable as possible. It can change and continue to rise but with nice and slow gains. I think this is better than sharp turns.
I think that the cost of bitcoin speaks for itself. At the moment this is one of the most expensive investments. The best for bitcoin now, this is his legalization. It is necessary that people can freely use it throughout the world.
Bitcoins price for now is very low. Everyone was shocked because of its big drop. But I think the future of bitcoin will be great. Because most of the users of cryptocurrencies believe that it will rise again in the upcoming years.
I promise bitcoin is stable, with stable bitcoin for bitcoin opportunities by the wider community is very large, and the world will be legally.
also well developed in cryptocurrency / altcoin.
also well developed in cryptocurrency / altcoin.
How you are bitcoin will be stable in the market dude. All the decentralized cryptocurrencies are volatile in nature and there is no power to control the bitcoin and altcoins go bigger or dump in the market buddy.
So far there people likes to have bitcoin is stable like fiat cash but practically there is no possibilities at all on that.
Even the legalization side also we aren't working more like Japanese government done for their people.
I promise bitcoin is stable, with stable bitcoin for bitcoin opportunities by the wider community is very large, and the world will be legally.
also well developed in cryptocurrency / altcoin.
also well developed in cryptocurrency / altcoin.
I'm for stability, but after raising to the level of 50000. I think many experts say this. The whole question in time.
you can't just come up with a number and say that's it . why not $5k? or why not $500k or $5 million?
stability is not something we can reach after reaching a certain price. stability is going to be reached when market reaches a maturity state where it is big enough that excited sell offs or buying frenzies can not shoot it up and down.
also that maturity state will be reached when the market has grown a lot so that there aren't waves of people coming in like last year when Coinbase was having 1 million new users per week! that part is the mass adoption.
The best future bitcoin can have IMO is to have its value stabilized because with it, merchants and consumer would flock in the ecosystem and build a strong economy for bitcoin. You can always have insightful gains while retaining value for bitcoin without all those crazy volatile runs--perhaps a brief stint of appreciation would suffice--which will still be a win-win for merchants and consumers either way. A brief and steep rise would mean a great fall afterwards, which we are experiencing cyclically for years now. If we want to really have a strong economy before us, we should be wanting for mass adoption, not for profits alone.
I'm for stability, but after raising to the level of 50000. I think many experts say this. The whole question in time.
The besy thing for bitcoin in future is to be used its functionality,to he used as currency and not an asset of investment materials..this coin ws created to be circulated not to be hold so if we really want this market to provide us a hreat future,tjen lets try to use it as currency
The best thing for bitcoin is it's adoption. That will happen when people won't be scared of investing in it. And that will happen when there will be a slow but steady growth in price. But I don't think it's achievable.
Everyone certainly has a variety of opinions, if I myself am better for Bitcoin, it becomes a land for investing and making new leaps, for example, advertising services.
In my opinion, the instability of its value must be reduced. That will make bitcoin accepted as a payment instrument. Because one of the things that takes into account the long-term sustainability of Bitcoin depends on more people receiving it as payment units.
I don't think there is anything that can improve the future for Bitcoin. I will always remain a decentralised currency with transactions stored on blockchain, doesn't matter what happens with price or anything else.
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Exactly, if bitcoin is not volatile then it is not worth to invest, the best asset should have been making it's value unpredictable, and does not know stability. It is good if it goes down or up so there should be a balance to evaluate your funds.
That's not quite what I meant, but okay...
My point was that, whether you prefer volatility or stability, it's best for Bitcoin if you don't attempt to force your preference upon everyone. If it's obvious someone is pulling the strings, that leads to people losing confidence in a market faster than anything else. Manipulation is bad, regardless of what someone is trying to accomplish with it. Whatever figure it goes to and however changeable it might be, it needs to get there through natural price discovery.
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