Do you believe that bitcoin will have a stable price in the future? - page 4.

ReiMomo

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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.

The price range may somehow get stable but the price will never become stable aside from the fact that big fish and whales have the capability to make evident changes in the price. If a whale would tend to remove a high number of is bitcoin definitely the price change and if more people adopted the bitcoins in the future it will still be the same whales are whales they can manipulate the tradings and volatility of bitcoins.

For me, tradings in bitcoin are like a capitalism form of economy where tradings are in control of private sectors (whales) and they can dictate what will happen next in the economy (bitcoin trading) so it will never become stable if there is still someone or a group of people who has a control on the price of bitcoin today or even in the future.

cr1776

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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.

With more use cases, more widespread ownership etc, yes. It may not occur for another order of magnitude or two in fiat price though. e.g. It won't be stable at this price. ETFs and similar vehicles enabling widespread ownership will help. A need for truly censorship resistant money will help - Venezuela, NK, China/HK are great examples for where it is needed.

7788bitcoin

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Quote from: avikz on May 27, 2020, 12:12:25 PM

In a regulated environment, if a stock price moves beyond 5% - 10%, exchanges halt trading for a certain period of time. Whereas such kind of movement is very frequent in crypto market. So no one really know if it will stabilize in future.

If there is a 10% change in a small period of time (5 minutes) for a S&P 500 index stock then the market will halt their procedure to find out what is going on, the bitcoin market does not have any halting mechanism and that is not going to happen even if the market is regulated.

Quote from: avikz on May 27, 2020, 12:12:25 PM

However, if crypto prices stabilize in future, the speculators will move out from the market which may not be good for the health of the market!

Unless there is a ban in trading bitcoin world wide we are not going to see a stable price and hence this is not going to happen. Stable price is a fantasy evaluation and you cannot expect that to happen in bitcoin hundred years from now.

Sanugarid

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Quote from: avikz on May 27, 2020, 12:12:25 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.

Frankly speaking, no one really knows! Not even Mr. Nakamoto himself. The reason is that, crypto market doesn't follow a set of rules laid down by any central authority. It's a free market and people are allowed to do a lot of things which are not possible in a regulated environment.

True. Even Satoshi coined as a currency, I think he knew from the very beginning that bitcoin would not be a currency that the half of the world will use in the future because of the volatility it has from decentralization. Bitcoin as free market will never reach a price stabilization, not even a short range of price movement plus with bitcoin protocols that has been set a long time ago. People should start stop thinking about price stabilization, aren't they glad that the price is moving and they can take advantage of it with trading?

Quote from: avikz on May 27, 2020, 12:12:25 PM

However, if crypto prices stabilize in future, the speculators will move out from the market which may not be good for the health of the market!

Agree, what keeps most of us here especially whales is because of the market volatility, it makes them richer for good, and if ever the price stabilized then we'll see it going down again look at that irony there.

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There's nothing that could make price of bitcoin stable in the future. It's price would always be decided by supply and demand. Though with less supply, it might attain some higher plateau or a lower plateau in the future, but it would never be stable. The difference in price also is attributed towards the size of reward and difficulty in mining the block which keeps changing with the time.

BrewMaster

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yes i do believe that, but price will never be completely stable because we are measuring it in fiat terms for example we say bitcoin is worth $9000 and since all fiat like dollar are tanking in the long run we will always see the price of bitcoin against them go up even if its value remains the same.
but with that said, i think the volatility will greatly decrease to the point that we can call it "stable" with mass adoption. and also when the mining reward is a lot smaller than this after a couple of halvings.

thesmallgod

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No. That is not going to happen. It is not going to be a stable coin. It is an asset in which its value depend greatly on demand and supply. So invariably, the price is going to be determined by the market. If you check at the chart of the bitcoin, you will discover there has never been a time the price was stable. It will always be varying

Becky666

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That won't happen irrespective of the changes on Bitcoin protocols. Bitcoin with it volatility is not going to have a stable price in the nearest future because of it designs. The price will shift upwards as time fly through the earth due to it limit in supply. The protocol in which this technology called Bitcoin was founded won't allow stability in it price. What I can see into the future is, the price of Bitcoin will skyrocket to a pont that, the poor won't gain access to the coin except the rich. As the days passes, it demand will be high and it price will be on a higher node without be stable.

avikz

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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.

Frankly speaking, no one really knows! Not even Mr. Nakamoto himself. The reason is that, crypto market doesn't follow a set of rules laid down by any central authority. It's a free market and people are allowed to do a lot of things which are not possible in a regulated environment.

In a regulated environment, if a stock price moves beyond 5% - 10%, exchanges halt trading for a certain period of time. Whereas such kind of movement is very frequent in crypto market. So no one really know if it will stabilize in future.

However, if crypto prices stabilize in future, the speculators will move out from the market which may not be good for the health of the market!

mycryptocoin

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I dont think so because the price of BTC is change everytime. The price of BTC is belong to manything: the market, the human beliefs and the most important: the Blokchain. As you know, BTC just complete halving. It mean the Blockreward is down a half, and I believe that It will be effect of BTC's price. The total supply of BTC is 21,000,000 and no more. The BTC is limmited and the people believe in BTC is increase. So I belive the BTC is not stable price in the future

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Quote from: The Cryptovator on May 27, 2020, 09:52:32 AM

Nah, I don't believe bitcoin will be stable somewhere. Because naturally it's not a stable coins and the most people like it due to volatility since we are seeking always to take advantage of volatility. Investment on bitcoin will be never ends, some investors will leave some new investors will enter and that's how this volatile will continue somehow, so it's like a dream if you wondering to see stable bitcoin price. It would be stable for week or month like now we are seeing, but for long term it's not possible technically.

I don't know... As the price and the amount of users grows, there's less and less chance that a group of people can make significant impact on the price. I am not sure, but I used to think Bitcoin was way more volatile in the early days (there aren't price charts on CMC or Coingecko for those first years, but I've found an article on Bitcoinist that says the same thing). So perhaps in 5 years there'll be way less changeability and the price will remain largely the same. Or maybe it won't, but people will get used to it and rely on fiat price (like, let's admit, the majority probably does today).

bobitza

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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.

As a bitcoin investor I always believe that bitcoin will have a fixed price in the future. We live in the era of technology 4.0 so society will make great strides. Digital currency will meet the needs of many people. At present, investing in bitcoin still carries a lot of risks. We can get rich quickly and we can lose all.

dentolas

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I believe it is possible if everyone start using it and the network grows exponentially, market cap will be huge and fluctuations wouldn't be so pronounced... but at this point, there are too many bitcoins in the hands of too few players and the fees and network capability will make an escalation very hard to acomplish... let's hope for lightning network and a bull run that redistributes value

Maloti

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I believe bitcoin price near future go very high price then need more time btc price up just hold guys. Today bitcoin price some up I believe next year btc price touch $20k up

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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.

Maybe at some point but ever since I learned about bitcoin, I rarely see it becomes stable for natural price (specific one) usually it moves on certain ranges. We can call that stable but not with price but range of prices or level cause its gonna hard for btc to have a price like stablecoins that barely move a muscle. If that happened in the future, ever wonder what would be the effect of it on the market?

The Cryptovator

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Nah, I don't believe bitcoin will be stable somewhere. Because naturally it's not a stable coins and the most people like it due to volatility since we are seeking always to take advantage of volatility. Investment on bitcoin will be never ends, some investors will leave some new investors will enter and that's how this volatile will continue somehow, so it's like a dream if you wondering to see stable bitcoin price. It would be stable for week or month like now we are seeing, but for long term it's not possible technically.

BlackHatCoiner

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

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