Topic: Does everyone want bitcoin to be stable in price? (Read 1794 times)
There was this question before in this forum and they main answer was that people don’t want Bitcoin to be stable. Still there is a difference what people wasn’t and what will actually happen. Because Bitcoin will start to increase more slowly as you can already see if you look at the chart. So eventually it will become „stable“ even if people don’t want it.
I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
not all Bitcoin supporters want it to have a stable price. Volatility is one of the most praised characteristics of Bitcoin for speculators who use Bitcoin for trading pusposes so they are not looking into having a long term investment in Bitcoin but rather get some immediate profit from it. This is not necessarily good as it has a bad influence on the market over time. While investors are long term holders and are waiting for a price increase but have little to no influence that will affect the price, speculators can do more harm than good becuase they affect the stability of the asset itself maiking it too risky for the average joe to trust and get in.
Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.
It is difficult to make bitcoin stable, the law of demand can never keep prices stable for some products or services, this also applies to bitcoin because there is buying and selling in the market.Since bitcoin was introduced to date, Bitcoin continues to experience a fairly rapid increase, the concept of developing bitcoin has a level of sophistication that is not owned by others, so bitcoin grows and experiences adoption so quickly. So to make the bitcoin price stable, it is much more difficult and impossible to happen at any time.
yes, it is. and of course the bitcoin price will be difficult to stabilize because there are so many people who buy and sell it so it certainly won't be stable. and in my opinion the price of bitcoin could be stable as long as no one is selling and buying. but of course it will be difficult, because there are so many selling and buying bitcoins.
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.
It is difficult to make bitcoin stable, the law of demand can never keep prices stable for some products or services, this also applies to bitcoin because there is buying and selling in the market.Since bitcoin was introduced to date, Bitcoin continues to experience a fairly rapid increase, the concept of developing bitcoin has a level of sophistication that is not owned by others, so bitcoin grows and experiences adoption so quickly. So to make the bitcoin price stable, it is much more difficult and impossible to happen at any time.
Bitcoin is experiencing an incredible bull market, and anyone who has ever purchased this asset is now profitable. If its price stays stable, then it loses the incentive for everyone to chase it. The excitement and thrill that comes with virtual currency is unmatched by stable currencies these days, and the control of the big boys will cause bitcoin to go through the roof. 
That's for sure, bitcoin attracts people thanks to its volatility, I don't believe people will continue to chase it if it becomes stable. The majority of investors come to the market with the intention of making a profit, but once the market does not satisfy the needs of the investors, they leave. In all honesty, I never thought bitcoin would become stable. If one day that ever happens, I would be really disappointed. Bitcoin becoming stable will not bring us any benefit.
Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.
At the present, for sure people would prefer it volatile for investment and profit purposes. Also, it is not yet widely accepted as a mode of payment across countries, so it is not surprising that most of us prefer to use it as an asset. But in the future, once mass adaptation take place, ofcourse it would be better to be in a stable market value to avoid having problems (hesitating to use it because the price is still low and such). Also, have you guys seen a currency wherein its vale changes from time to time? Ofcourse that would be a different one since there will be no equality with transactions.
I want Bitcoin to be stable so it can be used in all kinds of transactions as seamlessly as a fiat currency, but only if the price is equal to $1 per satoshi.
That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.
Will its market value be that high if the demand won't be that high? (assuming it it will be low because people would be more accessible to it even if its supply is limited; on a realistic point of view people would prefer using alternative currencies if it would be expensive using Bitcoin). That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.
I want Bitcoin to be stable so it can be used in all kinds of transactions as seamlessly as a fiat currency, but only if the price is equal to $1 per satoshi.
That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.
That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.
Bitcoin is experiencing an incredible bull market, and anyone who has ever purchased this asset is now profitable. If its price stays stable, then it loses the incentive for everyone to chase it. The excitement and thrill that comes with virtual currency is unmatched by stable currencies these days, and the control of the big boys will cause bitcoin to go through the roof.
"stable" needs to be put into context
"stable" does not mean flatline never change
it just means non volatile large price swings
take stablecoins
they are pegged to fiat. and as everyon alive this year knows fiat is not flatline
compared to goods available to buy. fiat has a 10% swin in a year
this means
any given day, prices of fiat goods can swing by alot but on average within a 10%(inflation window)
or if you squish the lengthy year long line into a few inches it can be
+10% /\ /
+5% _/\ /\/\/ \/
0% \/
-5%
yep even fiat stable coins have a price to goods variance
so if there was a 3% a day up down swing within a window of just 15% rise a year.
people can still make an easy 300%-900% profit per year via day trading while having a "stable" price for p2p goods/services purchasing. and a long term rise that could beat inflation
so dont worry too much about "stable"
its not going to happen anytime soon but if it eventually does, there are still good profit potentials to be had
"stable" does not mean flatline never change
it just means non volatile large price swings
take stablecoins
they are pegged to fiat. and as everyon alive this year knows fiat is not flatline
compared to goods available to buy. fiat has a 10% swin in a year
this means
any given day, prices of fiat goods can swing by alot but on average within a 10%(inflation window)
or if you squish the lengthy year long line into a few inches it can be
+10% /\ /
+5% _/\ /\/\/ \/
0% \/
-5%
yep even fiat stable coins have a price to goods variance
so if there was a 3% a day up down swing within a window of just 15% rise a year.
people can still make an easy 300%-900% profit per year via day trading while having a "stable" price for p2p goods/services purchasing. and a long term rise that could beat inflation
so dont worry too much about "stable"
its not going to happen anytime soon but if it eventually does, there are still good profit potentials to be had
People in countries that have Bitcoin as their legal tender definitely want Bitcoin to be stable in its volatility. But traders definitely want volatility because there are profits to be made.
It is possible that bitcoin volatility will stabilize in the decades after all bitcoins are mined. That's too long, and it's not something we should think about.
It is possible that bitcoin volatility will stabilize in the decades after all bitcoins are mined. That's too long, and it's not something we should think about.
The stable price of bitcoin is not a good thing for anyone be it holders or traders because if the price of bitcoin does not fluctuate then no traders and holders can earn profit from it. Many people are earning huge amount of money by trading and earning huge profit by holding and this is a big advantage of Bitcoin. And if someone can't make money from Bitcoin or grow their money through Bitcoin why would they invest in it? Where the Central Bank of each country also keeps the customer's money safe and gives interest at the rate of approximately 6 to 7 percent.
many people investing in crypto for just investing not utility purposes want the volatility. this is because they are not in it to accumilate bitcoin or use bitcoin. heck they are not even in it for the long run. they want the "get rich quick" scheme to get in and out ASAP and return to fiat wealth
those that are true bitcoiners want some stability where by they can do p2p transactions without needing to check prices hourly to ensure they are paying the best rates for goods and services
here is the thing
taking just 1% price swing profit a day is still 365% a year.. a better rate than most investors can get on anything.. and that 1% daily swing is less risk than trying to do volatile trading risking %-10% gains or losses daily
it does not need to be volatile at 5-10% swings a day. nor stable at 0.01% change a week
stable does not need to mean constant/stagnant straight line
in short dont worry if bitcoin did become more settled down in volatility. opportunities will still remain to make nice profits across the year.
those that are true bitcoiners want some stability where by they can do p2p transactions without needing to check prices hourly to ensure they are paying the best rates for goods and services
here is the thing
taking just 1% price swing profit a day is still 365% a year.. a better rate than most investors can get on anything.. and that 1% daily swing is less risk than trying to do volatile trading risking %-10% gains or losses daily
it does not need to be volatile at 5-10% swings a day. nor stable at 0.01% change a week
stable does not need to mean constant/stagnant straight line
in short dont worry if bitcoin did become more settled down in volatility. opportunities will still remain to make nice profits across the year.
I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market. The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
That is why bitcoin is unique; it can make you a millionaire in a day or two, and it is riskier than other stablecoins, which is why many investors are attracted to it, even if you can also lose all your money in one night. Let's say that bitcoin would be stable, with no if's and but's, people who are investing in it now would be cut in half because they are not getting huge profits from it. You are correct that it would be the same with other stablecoins, so I don't want bitcoin to have a stable price.
Bitcoin will never have a stable price. It's not a stable coin with a fixed value. Since the supply is limited and the demand (infinite) keeps on increasing and decreasing, the price will always be volatile. I guess in the near future, as more people start to use and adopt bitcoin, the prices will be less volatile but still movements will be seen now and then.
Even if bitcoin does have a stable price, not everyone will want that. Those who invested in bitcoin for making profit will probably leave the market while others that wasnted to use crypto currencies as a regular currency will enter the market. But then again, aren't they already in the market using one of those stable coins?
Even if bitcoin does have a stable price, not everyone will want that. Those who invested in bitcoin for making profit will probably leave the market while others that wasnted to use crypto currencies as a regular currency will enter the market. But then again, aren't they already in the market using one of those stable coins?
If it is stable, how can you make a profit from it? Only with fluctuations can we have room for profit. If we continue to stabilize, we will not see the value of investment. This is a terrible problem.
I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market. The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
If bitcoin becomes as stable as gold which means less volatile than it is now then I think people will also lose interest in bitcoin let alone bitcoin will be as stable as a stablecoin.
A lot of people say bitcoin is superior to fiat or gold in every way but one truth that i see people don't talk about is that most of us are here because of the bitcoin price. 90% of market participants care about the price, only a few care about the technology and will support bitcoin regardless of its price. If bitcoin really becomes stable, I don't know if people will continue to use it or find another risky game.
in my opinion who is a beginner in bitcoin. I think that if bitcoin is stable, it must not be good for people who are interested in investing in bitcoin. so of course if the price of bitcoin is stable it will be difficult for investors to make a profit. just try to think about it my friend.
I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market. The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
If the volatility of Bitcoin is very low, then there will not be so many people holding Bitcoin, the value of Bitcoin will depreciate, and the high price fluctuation will make us prefer this kind of investment feeling, and regard Bitcoin as a kind of investment opportunities.
Exactly, if bitcoin price stabilizes a lot of people will leave it, even though it was created to replace the centralized monetary system of fiat but it would be nothing without losing its volatility. Admittedly we are all more concerned with the price of bitcoin these days than the utility it brings, people invest in bitcoin because of its skyrocketing price, and Not too many people will care about what it will be in the future. If bitcoin price is as stable as gold or fiat, people will soon leave it no matter how good or decentralized it is.
Jump to: