[Discussion] What's best for the future of Bitcoin? - page 3.

hacekd

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Quote from: MinerHQ on September 04, 2018, 01:28:44 AM

Quote from: 131tc01n on September 03, 2018, 08:37:54 PM

in my opinion it is better for bitcoin to have a high jump with a short time because this is where people like bitcoin and this is more attractive to investors. Indeed, bitcoin is a currency, where currencies must be more stable but I don't think bitcoin is, I think bitcoin is better to be a currency to invest

Bitcoin prices have to move up gradually not in a super fast way. Because anything goes up super fast, will also come down even faster so bitcoin has to build demand slowly and move up prices over a period of time.

Many people think that bitcoin investment is a way to become rich faster but that is not correct. Since it has a limited quantity and user base grows definitely its price will grow high but it may take quite a long time to happen. So if you trust bitcoins then just invest and wait.

Indeed, in plain view, there are some fundamental things that we will turn to Bitcoin. If we look at the number of Bitcoin transaction volumes that are increasing every day, now Bitcoin is not yet maximized and currently it is still developing a variety of new applications and protocols for the future, but the potential that has not yet appeared is still very large

Red-Apple

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for better or worse this is what is happening to bitcoin and will not change for at least 5 more years and that is the price of it rising up and not reaching stability for years because that is how the growth of bitcoin is going to be like.

is it best for bitcoin? nobody can tell. but this is what we have got. a rising market which is going up as the market expands.

Strufmbae

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HIRE ME FOR SMALL TASK

Quote from: DooMAD on September 04, 2018, 05:00:46 AM

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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.

DooMAD

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Leave no FUD unchallenged

If your question is purely hypothetical, then I suppose that's okay, but if you're asking what price we should be "aiming for", then cut it out. Technically, the best thing for the future of Bitcoin is for people to stop trying to preempt what they think would be best and stop attempting to steer things in their preferred direction. Just leave it alone and let it do its thing. That's how markets are supposed to work. If a market behaves how certain groups of people want it to, it's clearly not a very good market and there's some manipulation going on.

Ultimately, it doesn't matter what people think would be best. What matters is that it does whatever it does without undue interference.

avikz

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Quote from: vy99 on August 08, 2018, 11:44:58 AM

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?

I think the below mentioned factors can make bitcoin a really great currency for the common mass,

1. Stability in price
2. Clearer legal framework
3. Being used as a currency and not as an investment

Legal framework is a challenge in many countries for the cryptos. The absence of clearer legal framework is actually demotivating the merchants to accept bitcoin or other cryptos as a payment option. Due to which we see very less options for us to use bitcoins in any store to support our daily expenses. Until and unless we can use bitcoin in local stores, the growth we all are dreaming about, is hard to happen!

micher143

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Quote from: vy99 on August 08, 2018, 11:44:58 AM

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?

At first for sure the value of btc won't be stable because of the volatility it has there will be a lot of movements and changes that may happen. Secondly, this system has a goal that sooner or later it will be much succeeded in the near future and meets it's globally adaptation and legalization all over the world therefore it will surely will happen when it's value are increasing day by day so all of the people are really catch the attentions and have their interest to having involving here and soon invest into it so meaning to say it is much better that it will rising up or pump it's value continuously just for the better.

peter0425

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Quote from: 131tc01n on September 03, 2018, 08:37:54 PM

in my opinion it is better for bitcoin to have a high jump with a short time because this is where people like bitcoin and this is more attractive to investors. Indeed, bitcoin is a currency, where currencies must be more stable but I don't think bitcoin is, I think bitcoin is better to be a currency to invest

You mean the price should be artificially pump to create a bubble? And then when FOMO sets in, the price could plummet any time just like the December 2017 peak? I disagree if this is what you are trying to bring in the discussions. I'm sure that we all know what's gonna happened next if such scenario occurs. For me I'd like to see bitcoin to be use for cross border payments, instead of what its becoming right now, Store of Value (SOV).

MinerHQ

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Quote from: 131tc01n on September 03, 2018, 08:37:54 PM

in my opinion it is better for bitcoin to have a high jump with a short time because this is where people like bitcoin and this is more attractive to investors. Indeed, bitcoin is a currency, where currencies must be more stable but I don't think bitcoin is, I think bitcoin is better to be a currency to invest

Bitcoin prices have to move up gradually not in a super fast way. Because anything goes up super fast, will also come down even faster so bitcoin has to build demand slowly and move up prices over a period of time.

Many people think that bitcoin investment is a way to become rich faster but that is not correct. Since it has a limited quantity and user base grows definitely its price will grow high but it may take quite a long time to happen. So if you trust bitcoins then just invest and wait.

davis196

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Quote from: First77 on September 03, 2018, 10:08:15 PM

Bitcoin has the value from its buyers and holders only. So bitcoin cannot be a store of value unless bitcoin is used in trade and commerce.

For 700,000,000 people worldwide to use Bitcoin as invest or digital asset, the price has to be $600 to $1200

The actual bitcoin price doesn't matter,when it comes to using it for daily purchases.Bitcoin can be divided into 1 million parts,so it doesn't matter if 1 bitcoin is 1200 USD or 20K USD.The real problems are the price volatility and the confusion created by the national legislations.Most of the business owners still don't know is bitcoin illegal or not,will they be penalized,if they accept btc payments,what happens if they don't convert their btc,in order to pay taxes.

Erga Di Kenesis Lascrea

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I think bitcoin price will not stable, But there is a chance to going higher and higher. But don't tempted with price spikes bitcoin, That can be your lose because it can soaring up or going down so fast.

First77

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Bitcoin has the value from its buyers and holders only. So bitcoin cannot be a store of value unless bitcoin is used in trade and commerce.

For 700,000,000 people worldwide to use Bitcoin as invest or digital asset, the price has to be $600 to $1200

pooya87

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as a currency or a payment system the best thing for bitcoin (price-wise) is of course a relative stability. if bitcoin is to be a currency then its price also has to be stable like any other currency in the world. but the problem is that bitcoin is growing (being adopted) and as the adoption grows there will be more people buying it so its price will not become stable anytime soon until it reaches mass adoption and that takes a long time.

131tc01n

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in my opinion it is better for bitcoin to have a high jump with a short time because this is where people like bitcoin and this is more attractive to investors. Indeed, bitcoin is a currency, where currencies must be more stable but I don't think bitcoin is, I think bitcoin is better to be a currency to invest

bigboyd

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I think the best thing is investing. The future of bitcoin is long in investment: when demand is increased for bitcoin, the future will increase. Then it becomes popular every day. And bitcoin should be a world-code for people around the world. It must be used for transactions. And this should be taken everyday. Then bitcoin is confirmed. Then the future of bitcoin is optimistic.

vy99

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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?

Topic: [Discussion] What's best for the future of Bitcoin? - page 3. (Read 580 times)