Do you believe that bitcoin will have a stable price in the future?

yohananaomi

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Quote from: Maloti on May 27, 2020, 09:54:42 AM

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

Your belief is the same as what I think, that usually after halving bitcoin will move up to its peak but it will take a year to reach it, so it is certain that next year it will happen. now bitcoin will experience instability by moving and rising repeatedly to gain momentum to move slowly until next year reaching the highest point maybe even more than in 2017.

josgandosbro

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until whenever bitcoin will never be stable because it has many factors one of which is the absence of legal rules or laws governing bitcoin besides that there is also a lot of manipulation of whales that have taken control of the market, bitcoin can become more expensive and can dump even if it's not too far away

Kong Hey Pakboy

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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.

I think it's impossible for bitcoin to have a stable price due to it's volatility bitcoin will still have an unpredictable movements to it's price whether it is up or down. That is why even more people will engage in bitcoin it is not possible for bitcoin to have a stable price.

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Quote from: Romeotom on June 01, 2020, 01:11:42 PM

Nor, even i am bitcoin lover but i don't believe bitcoin price stable in the future because we are knows this is a unstable coin. Otherwise you said the investors eara increase more in the future but remember many old people will leave. So be awareness thinking take hold and got future profits without future history.

Maybe OP is talking about slow and steady growth (without huge dumps and volatility) instead of stable price "fixed" at one position?

Romeotom

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Nor, even i am bitcoin lover but i don't believe bitcoin price stable in the future because we are knows this is a unstable coin. Otherwise you said the investors eara increase more in the future but remember many old people will leave. So be awareness thinking take hold and got future profits without future history.

TheGreatPython

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We are moving a future we can't even comprehend right now. Think of all the people who are over 70 years old right now, they have seen so many developments in the world during their life time that it literally moved from cars not being everywhere in the world to us sending people to ISS with a private company levels. That is just one thing, so many things have developed, especially in health industry we can keep people alive a lot better.

So, that means someone who born in 2020 will live to 2090 to be 70 years old, and then some to be over 70, and god knows what they will see, that is going to be even faster development than right now because its exponential. So, could we see bitcoin stable? Sure why not, it us a possibility, I hope it doesn't happen but by 50 years time we may even have something much better than bitcoin.

Nitt371

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I think bitcoin is unlikely to be stable. Bitcoin price depends on a huge number of factors.
When everyone switches to electronic money and all people will use bitcoins (or crypto) for regular purchases, in my opinion, bitcoin will continue to grow and will not remain stable.

coinfinger

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There are more than one factor influencing in finalizing the price of bitcoins hence we cannot assume all of them will get saturated to make bitcoin prices stable. The only measurebale thing among them is supply of bitcoin which may get over in next 120 years approximately. Other than the fixed supply of bitcoins, other factors are beyond mathematical calculations hence we cannot speculate when bitcoin may have stable prices.

Stable price may happen by end of next century by considering few factors:

World population may stabilize even in underdeveloped and developing countries which will impact on demand of bitcoins.
People may start using bitcoins rather than focusing on saving it which will end up in diluting demands.
Other factors which we need to assume to get stabilize for making bitcoin prices stable:
- World wide literate level.
- Level of reach of internet.
- Convenience of using e-payments.
- Government's stand on cryptos and its regulation.

Kelvinid

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Nope, I was still expecting the same situation, market volatility, and the ups and downs.
Maybe we could say that more people and establishments are accepting this technology but thinking whales and market manipulation, it quite never to see a stable market price but rather to still see the volatility itself.

Well, I know it was important to have that stability and could it give a reason for us to recommend Bitcoin as a currency to use globally instead of having FIAT money. But I was thinking the behavior of the market will seem to be more difficult in the future if the government will never give full support on this.

Ziskinberg

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Here's what I think in the future.

Bitcoin will gain massive adoption, then it will make the price stable,... this is just my vision or my expectation, but it's not guaranteed since these big investors have already accumulated a huge number of bitcoin that would make them more powerful in terms of control in the future.

It could be less volatile but not stable I guess.. what if satoshi will dump, how would it result the market?

Oceat

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I don't think having a stable coin will benefit us in the future it is only volatile because people keep in trading to take some advantage. And also, I don't think if people keep holding Bitcoin would make Bitcoin to become a stable coin. We just have to accept the fact already that Bitcoin is essential to our daily needs in the future. Having a stable coins would not benefit us from trading since it is being controlled and you know who can benefit it after all, just look at the XRP.

Chrystora123

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Omicron is another FUD

conditions for a currency to be stable, the currency must be controlled, circulation and market demand is set in such a way.. real examples are Pounds, Euros, and USD. in this modern era, these 3 currencies are the strongest in the world and are very stable compared to other countries' currencies, this happens because the circulation and demand are set in such a way..

my question is whether Bitcoin can be set? demand and circulation can be changed? the answer is 100% no, so don't ever cross your mind that the price of Bitcoin will be stable in the future, we already have our own stable coins namely USDT and the like..

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

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.

Going back to a long time ago, I remembered a currency named dinar and dirham (gold/silver).. the past and present are different, many people say that gold and silver are stable, my question is whether the price of gold 20 years ago now is the same? Can gold demand and circulation be managed? gold and silver are decentralized, both of which can experience price explosions if there are high demand and sales..

transactions that happened in ancient times are a belief system, you believe that a set of armor worth 1 ounce of gold can even make a price at will, while currently there are regulations, you cannot raise prices at will..

bitgolden

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Hopefully not, one of the best features of bitcoin is not being stable. If the price stabilizes that means it will also devalue as well. Let's say it gets stuck at 10 thousand dollars, that is fine for now but in 10-20 or even 30 years later 10 thousand dollars will not be able to buy you the same things it buys right now.

Even though we feel like money doesn't worth as much as it used to worth back in the day, the fact is it is still worth more than what it will worth in the future as well. So if the price gets stuck, that means bitcoin will be same price but less value in the long term. Hence why it is great that it moves up and down, it shows how much people value bitcoin but it also shows how much they value dollar as well, which one they prefer at which moment is very crucial in bitcoin world.

whyrqa

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In any case, the state of the cryptocurrency market, and in particular the price of Bitcoin, depends on short-term and long-term factors, which are currently unchanged. First of all, the Bitcoin exchange rate reacts very strongly to the actions of large investors, especially institutional ones, because in recent years, the blockchain as a whole has been introduced into the work of various large companies, including cryptocurrency accepted as such. Based on this, the demand for cryptocurrency will only rise, and if we talk specifically about bitcoin, then its demand will grow, which will increase demand in the cryptocurrency market and, accordingly, will increase its price. Of course, such a factor as the trade war between the USA and China also has a very strong influence on cryptocurrencies, and apparently that’s why the Chinese government is beginning to let companies use blockchain and cryptocurrencies to reach a new level of development and support for their economy. Explaining this in simple words, it is safe to say that Bitcoin will be in demand not only in society, but also in large business, and this guarantees its high value with a certain degree of stability.

Slow death

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I think that in the future when the market is very large it will be more difficult for whales to be able to manipulate the market very easily and with that we will see little volatility and when I speak of little volatility I am talking about things like price increases or falls of $1000in just few hours. things like these make people afraid and then we have panic sales.

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

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

true, but at least whales will not be able to manipulate exaggeratedly as we have seen

FanEagle

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Bitcoin can't be stable because it is not regulated. There is no reason or a legal way for it to stable the price which means if you want to sell as much as you can afford to sell you can, and that means as long as people are free to do whatever they want, they will be doing it at the moment you least expect and price will move a lot.

Additionally, it is not tied to any nation, we do give USA a lot of credit but in the end even USA is not backing up bitcoin, it has no nation, it is a global and for all people type of currency and that is why it can't be manipulated in any way. Hopefully it will continue to be volatile and change a lot because that is what makes bitcoin what it is, without that there is no way people could make any sort of profit from trading within ups and downs and find it interesting.

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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 by stable, you meant like the fiat then obviously No but if the stable you meant is related to the reduction in the volatility of the price of bitcoin then I'll say yes, as there's every possiblity of bitcoin achieving that. If you have noticed in some months bitcoin tends to act stable in some manner by moving in a close price range until previous times when the volatility tends to increase.

Bitcoin is currently been undervalued, for an asset with just a supply of 21million and a world population of billions couple with the number of millionaires available, it's just a matter of time before the real worth of bitcoin is uncovered as there won't be enough bitcoin to go round when it finally get the stamp of a safe heaven for Investors.

shoreno

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Quote from: Paycoinzzz on May 29, 2020, 11:45:29 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.

I don't think that will happen. Stablecoins are something bitcoin has never been aiming for. if in the future it becomes a stablecoin, it is then dead because there is no need to buy nor sell. Since its creation, Satoshi has not directed it to be a stable coin for making payments worldwide. It was created as the main tool to manipulate this entire crypto market. so it will never be a stable coin forever.

oh really he said that ? but if that was true why i still see people using btc to buy something . if bitcoin becomes stable it doesnt died because it do still have a value . there will be people buy btc after it because like i said earlier some people use btc for shopping . i dont know what future lies on btc but id be more comfortable when it will become stable so that i will not be able to convert my btc to fiat due to the fees . instead ill just hang them on my wallet and use them for buying if i wanted too

Paycoinzzz

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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.

I don't think that will happen. Stablecoins are something bitcoin has never been aiming for. if in the future it becomes a stablecoin, it is then dead because there is no need to buy nor sell. Since its creation, Satoshi has not directed it to be a stable coin for making payments worldwide. It was created as the main tool to manipulate this entire crypto market. so it will never be a stable coin forever.

STT

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Quote from: pixie85 on May 28, 2020, 04:48:39 PM

It always will be the field for whales games

Every market has whales, Dollar especially has the government which causes waves in every other market related and used by dollar which is all of them. The related issue is how big is that market such as BTC and how distributed is it. The price given on any day just reflects that particular time and available supply and demand on exchanges, it doesnt mean its totally accurate for peer to peer and other storage of BTC, all the many websites which store it such as gambling and so on. We never have a perfectly accurate picture of the price and that is similar to what I've heard of even large stock markets, Mr. Market just gives you a price for that day.

Whales dont control BTC, theres influence from many directions but of all crypto possible BTC has the widest distribution across populations.

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.

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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.

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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.

giammangiato

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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.

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!

lillobo

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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.

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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.

What you mean on being stable? It wont really come into that scenario on where bitcoin price would be stable neither there are few or lots of people do embrace it.

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.

Even if the demand would stop or shall we say we are already on full adoption then price would always be moving.

freedomgo

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Stable and less volatile, that's the future I like with bitcoin, but it will only happen when we will achieve a massive adoption, and with full regulation.
With full regulation, maybe it will help to minimize the manipulation as more people are using bitcoin for transaction purposes than trading or investing, so there will be a balance.

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There will always be people willing to sell it "when the price is right" and some that will get into panic mode and sell on dump to create even bigger dump.

On the other hand, FOMO always kicks in when people see huge green candle and see $$$ before their eyes.

So the wheel turns...

KTChampions

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Stable price in what units? Grams of gold, kilowatt hours or dollars? Any option contradicts the original plan. Bitcoin was created in order not to depend on any resource and be volatile. 1 BTC = 1 BTC is the only thing you can be sure of.

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No! never going to happen. Bitcoin, though created as a currency fits more of an asset of store of value but yet still you can use it to purchase items. Take a look at the guy who used 10K BTC to purchase pizza, I am sure he is cursing his balls at the moment looking at the worth of bitcoin now. It's a decentralized market and the price of bitcoin will forever fluctuate at some point in time.

Sayma83

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, 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.so isn't what bitcoin cost depends on, bitcoin cost relies upon gracefully and request, in the event that request is high, at that point the rate will increment and if the flexibly is high and nobody is getting them the Price will go down and really this is the stage that is going on now

giammangiato

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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.

no I don't think bitcoin comes at a stable price, volatility is one of the strengths of bitcoin, and the majority of investors exploit this value for economic interests, the rarer it becomes the more it will acquire value. I think so

online73

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Hello everybody. I believe that the price of bitcoin will be less volatile, but that it will be stable, I do not believe. It is strong volatility that becomes a very attractive factor for brokers. Of course, in the future, an asset such as Bitcoin will certainly be more widespread, which automatically entails some kind of price stabilization.

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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.

No for me, I don't believe it will be stable. It can only be such if there happens to be regulation or control of it. If no control, manipulation and pump will continue. Pump is one big reason for volatility of bitcoin.

RealMalatesta

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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.

I do really doubt about this, but the way I am expecting things to happen is that there will be a time when the price of Bitcoin will be a bit stable, but it won’t be 1:1 with dollars/fiat. The way some people talk about being stable, they make it seem like it’s going to be completely stable. It is going to be a bit stable and bit volatile, will just be like when you are investing in gold.

It is going to take a lot of years before it reaches that level, and it will definitely be many years after all the coins has been mined. It’s being said that the last Bitcoin will be mined after 2140, and that’s a long time from now. But in some perspective after 99% of 21 million bitcoins mined out there are chances for stablecoin given that adoption level also reached its saturation level but we cannot speculate how many bitcoins one adopter will be saving as their buying capability is always unknown Cool

.

DeathAngel

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Bitcoin price will reach a period of stability but not for many, many years. It’s still a relatively new asset, only 11 years old & the block reward halving every 4 years ensures the price rockets up & then inevitably dumps. We have epic bull markets followed by multi year bear markets. It’ll be the same for at least one more halving.

ChiBitCTy

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I think a lot of it depends on many moving factors going forward. I think it may eventually need to be tied to something like the US dollar, for easier use..but if you believe strongly enough in all of the pros that bitcoin brings to money, you could have an outlook like Andreas Antonopoulos states here "from a monetary perspective, Bitcoin’s success is manifest destiny. It’s inevitable, it’s unstoppable, and more importantly, nothing else needs to happen, nothing else matters. All the matters are the soundness of the money, all the matters is the inflation rate.” So if you take this view, eventually it will be stable because it'll be used by everyone.

shield132

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I was thinking the same at some point but I realized that it won't happen. A lot of things affect bitcoin's price. Everytime there are some rumors, it had immediatr affect on people and as a result we get rise or fall in price. Also quite often there are a lot of hot news around it: Binance wants to buy coinmarketcap, particular exchange stopped withdrawal for a while, china plans to ban mining, transaction fees have increased and network is in stuck, cloud mining website was hacked and they took billions, there is upcoming bitcoin fork and etc, don't wanna make this list very boring.
As you see, each of similar news has huge impact on bitcoin's price and surprises happen very often. On another hand there are people who hate stablecoins and don't support them. Also bitcoin's unstable price is what attracts a lot of traders and so on.
So I don't think stable Bitcoin will ever happen.

BlackHatCoiner

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Quote from: adzino on May 27, 2020, 01:38:56 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.

I wouldn't say it would be stable. Apply basic economic concept over here. Think about demand and supply. We know the supply of bitcoin is limited to a fixed number, where is the demand is "unlimited" (I am saying unlimited because as long as the population keeps on growing, if bitcoin still prevails, there will be a demand from the new population). Thus, with high demand and low supply, we get higher price. This price will keep on increasing as the demand keeps on rising (since there is no chance of bitcoin supply to be increased). So, in the future we won't be getting a stable price, but more like we will be getting a high price.

So will you buy many bitcoins? Since you think the price will surely go up?

chaser15

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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.

No, it won't happen for I think even for another 10 years. If more people will get into bitcoin, I doubt the purpose is because of its usage but rather to expect a profit in return.

Bitcoin is so far treated mostly as an investment and not as a currency. That practice is running in the system for over 10 years.

Because of that, we just have to take advantage of what bitcoin is giving us, whether as an investment or currency. Fortunately, we can use bitcoin as how we used fiat. Better to see it like this that while enjoying the advantage of using bitcoin, it also giving us an opportunity to make more money.

adzino

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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.

I wouldn't say it would be stable. Apply basic economic concept over here. Think about demand and supply. We know the supply of bitcoin is limited to a fixed number, where is the demand is "unlimited" (I am saying unlimited because as long as the population keeps on growing, if bitcoin still prevails, there will be a demand from the new population). Thus, with high demand and low supply, we get higher price. This price will keep on increasing as the demand keeps on rising (since there is no chance of bitcoin supply to be increased). So, in the future we won't be getting a stable price, but more like we will be getting a high price.

fiulpro

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I do believe that it will Never happen , reasons for the same :-
_________________________________________________________
1. Whales hold 50% of the Bitcoins in the market
Now they have their own personal preferences on selling or not selling the Bitcoins therefore you cannot just ask them to stop manipulating the price of the market , even if a rule is passed for the same I do believe it's not something they will follow up with because at the end of the day Bitcoins is a non centralized currency.

2. Most of the investors and traders are actually interested in the price volatility.
The good thing about Bitcoins is , you don't have to wait for eternity to get good returns , you can even do short term trading and still earn a lot of profit through it. Therefore these investors might think otherwise about the price stability and might not like the change , causing the price to decrease.

3. We already have Fiat for it and thus we don't need Fiat 2.0.
For attaining stability one might have to establish a centralized body and at the same time make some rules about Bitcoin's buying and selling , which is against the whole idea of cryptocurrencies
_________________________________________________________

Zackgeno96

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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.

No i dont think bitcoin will ever reach a price that on which it will become stable and never move up or down. This isn't what bitcoin price is based on, bitcoin price depends on supply and demand, if demand is high then the rate will increase and if the supply is high and no one is buying them the Price will go down and actually this is the phase that is happening now. But a constant price is what the stable coins are for like USDT or Tether.

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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.

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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.

Tipstar

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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.

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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.

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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).

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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.

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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.

Topic: Do you believe that bitcoin will have a stable price in the future? (Read 520 times)