Do you believe that bitcoin will have a stable price in the future? - page 2.

KTChampions

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Quote from: davis196 on May 28, 2020, 06:17:26 AM

Most of the crypto traders and BTC investors(the so called HODLers) have bought and are using Bitcoin because of the price volatility.If there's no price volatility,there's no incentive for them to buy and HODL bitcoins.However,if Bitcoin gets globally accepted by all merchants and used mostly for retail purchases,the impact that the HODLers and crypto traders+whales have over the BTC price will be minimal,thus the price volatility might disappear.I don't think that such mass retail adoption will happen,that's why I'm a pessimist.

You are right, great volatility is an obstacle to business, and I would even say that it is impossible for a business to use such a means of payment. High volatility -> you have to set a high commission -> high commission discourages users. That is why bitcoin has evolved from a means of payment to a means of speculation. As for the use of bitcoin as a means of payment, I am also a pessimist here.

Krucifer

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Quote from: Febo on May 29, 2020, 05:09:08 AM

Quote from: Krucifer on May 28, 2020, 03:12:47 PM

Quote from: Febo on May 28, 2020, 06:39:49 AM

Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Yes as soon as adoption ends Bitcoin price will be quite stable. Similar to Gold.

Gold is not stable.

Gold is very stable. In Roman times you were able to buy a armour with one ounce of gold. In beginning of 20 century you were able to buy a business suit with ounce of gold. Today you can buy a designers clothes with an ounce of gold. It simply cant get more stable then gold.

LOL, nice comparison. Wink

Febo

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Quote from: Krucifer on May 28, 2020, 03:12:47 PM

Quote from: Febo on May 28, 2020, 06:39:49 AM

Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Yes as soon as adoption ends Bitcoin price will be quite stable. Similar to Gold.

Gold is not stable.

Gold is very stable. In Roman times you were able to buy a armour with one ounce of gold. In beginning of 20 century you were able to buy a business suit with ounce of gold. Today you can buy a designers clothes with an ounce of gold. It simply cant get more stable then gold.

thecodebear

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No it will never have a stable price because it's price is controlled by the open market. That's like asking if a company's stock will have a stable price in the future. Bitcoin's volatility will surely continue to decrease as it has been for the past decade, but it'll always be moving. I'll move less in the future but it'll continue going up and going down. Look at gold to see Bitcoin's future. It's like a $7 trillion or something market cap, is similar to bitcoin in terms of limited supply, and is a full established asset and has been for a long time, and it still moves around plenty, it just has less volatility than Bitcoin.

OrangeII

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I am not sure that in the future bitcoin has a stable price. however, at the moment the price of bitcoin is very volatile more than any other altcoin. other than that, many people make use of moments like that. the other thing is, the decentralized and unchecked nature of bitcoin cannot make a fixed price. that is the thing that I think about.

Ms.Fungible

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If there is fiat no chance to have stable price for Bitcoin.
Fiat is always being devalued, Bitcoin supply is fixed.
If for no other reason, this is a guarantee that Bitcoin will keep going up in price.

Good Luck and God Bless,
ÅÑÇ€£Å ヅ

Sirait

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I do not believe, if want to change Bitcoin to a stable price then the cryptographic must be changed and this is only Satoshi knows

Bitcoin will not be able to be in a stable price until at any time, because the original concept was decentralized, and if want to change it to the concept of centralization so that prices become stable the key holders must increase the supply of Bitcoin from only 21 million to hundreds of millions of coins

Oasisman

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Quote from: Febo on May 28, 2020, 06:39:49 AM

Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Yes as soon as adoption ends Bitcoin price will be quite stable. Similar to Gold.

I don't know about Gold being stable. I bought a Gold jewelry in 2011 for $300. When I need emergency funds in 2019 I tried pawning the jewelry, and after appraising, I was surprised that the pawning value is higher than the price I bought the Gold jewelry.
So, to make things short, nothing is stable, not even the government issued currecy, or basic commodities.
The very reason why we have foreign exchange and stock exchange.

The OP might be confused with the terminologies. I'm thinking he meant Bitcoin will become less volatile in the future.

Kelvinid

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Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Forget about that we are in a decentralized market, even though we want to make to stable but actually, it can't unless we turn into manipulation and become a centralized one. We could see that some altcoins are already centralized but quite different from Bitcoin and nobody owes it. Keeping the market still in decentralize we can always see the ups and downs market flows. But it never gives me worries, besides it was so grateful to see like that for we have a big chance to gain more.
For me, I don't think there is a market change especially for Bitcoin and even the government will try to manipulate cryptocurrency is still impossible.

KTChampions

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Quote from: giammangiato on May 28, 2020, 04:36:30 AM

We are the future, the future is bitcoin and blockchain; even if the price is not stable, who cares? not me
As I wrote before, to me that it is unstable is more than good.

Do you think fiat currencies are stable? no otherwise there would be no forex!

I heard that governments are ready to issue state money in blockchain (China seems to be the first of all) and there is a great danger that for a simple layman in a few years the blockchain will be associated not with bitcoin, but with state money. Obviously, government money on the blockchain is no different from fiat.

Twinkledoe

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Quote from: Krucifer on May 28, 2020, 03:12:47 PM

Quote from: Febo on May 28, 2020, 06:39:49 AM

Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Yes as soon as adoption ends Bitcoin price will be quite stable. Similar to Gold.

Gold is not stable.

I like that answer. lol I don't think we will ever see a stable price of bitcoin. It is hard to expect that in time, we will see a stable price of bitcoin as it is driven by demand. And we can't predict such demand in the coming years to come. And a lot of btc holders are actually not aiming for stable price because most of them are thinking of gaining profit just by holding them long term.

pixie85

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Quote from: solomine on May 28, 2020, 06:42:48 AM

Definitely not.
It always will be the field for whales games

All markets have whales but not all markets are as volatile.

Bitcoin's problem is fake stable coins like USDt that pump it however they want and low exchange liquidity. Not even 50% of all coins is traded and the price is based on a small part of that 50% that is traded on a few biggest exchanges.

As long as it continues the price will keep jumping and falling.

target

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Do you think investors will like it if BTC price will be stable?

I'd like to think it would be stable but the reason why we invest to BTC is because we know the price spikes and dumps which also allows us to make money. If its going to be stable then we will stable to use it as hedge like the USDT. We will all start to use whichever coin is decentralize and spikes best GRIN perhaps?

el kaka22

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I doubt so. Bitcoin is not a stable thing itself so there is no way the price could be stable, bitcoin is a volatile thing within itself so the price would obviously reflect that. Plus it is a decentralized and not so well regulated currency so people could do whatever they want and you are not going to get too much in trouble.

For example, let's say you have 50 million dollars in your bank account, you also know 5 other people who has 50 million dollars as well, that is combined 300 million dollars together and you want to make a move together, if you do it on stock market and end up buying a certain stock all together at once you are going to be jailed for insider trading and speculation. If you do something like that in crypto you will not get into trouble at all and you will be fine.

Krucifer

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Quote from: Febo on May 28, 2020, 06:39:49 AM

Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Yes as soon as adoption ends Bitcoin price will be quite stable. Similar to Gold.

Gold is not stable.

rodskee

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Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

If this will happen?this is not in our generation because for this to become possible then all the Bitcoin must be Mined
and evaluate if how much/many are still in circulation and this will
happen more than 21 years from now so for me?please stop making this a problem because there are many things
we must prioritized than this topic that has no clarity at all.

Quote from: solomine on May 28, 2020, 06:42:48 AM

Definitely not.
It always will be the field for whales games

that is why this must be in place so Whales will not be interested in making this field as their bagging money place.

i think what we need to consider now is to at least help the Bitcoin circulated and not just for that Holding perspective .

solomine

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Definitely not.
It always will be the field for whales games

Febo

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Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Yes as soon as adoption ends Bitcoin price will be quite stable. Similar to Gold.

davis196

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Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Most of the crypto traders and BTC investors(the so called HODLers) have bought and are using Bitcoin because of the price volatility.If there's no price volatility,there's no incentive for them to buy and HODL bitcoins.However,if Bitcoin gets globally accepted by all merchants and used mostly for retail purchases,the impact that the HODLers and crypto traders+whales have over the BTC price will be minimal,thus the price volatility might disappear.I don't think that such mass retail adoption will happen,that's why I'm a pessimist.

Taskford

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Quote from: Oilacris on May 27, 2020, 06:46:10 PM

Quote from: BlackHatCoiner on May 27, 2020, 09:45:17 AM

Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.

Price would always be volatile no matter what and to know that one of the reasons why investors do jumped in into this market due to moving prices and making money is
much more than on a stable traditional fiat currencies or stocks we know.

This assumption will never happen since many people earning with the current volatility and that is not the model of bitcoin so it's impossible for us to see those kind of stability, And I assumed if this thing will happen many people or trader will leave bitcoin for unprofitable reason, maybe for this bitcoin will be left behind.

Quote from: lillobo on May 28, 2020, 12:52:17 AM

Who can talk about the future Huh

In my opinion, this will happen. Bitcoin is currently being used all over the world. Yes, it is true that some countries have banned Bitcoin for their country. They do not think Bitcoin is a reliable currency. Bitcoin is not owned and specified. Who cares, I think it will happen. It may take a while but it will happen. Yes, I believe that Bitcoin will have a stable price in the future.

That's why it stability will never happen and ever since there's no something like that happen for the past years.

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