Does everyone want bitcoin to be stable in price? - page 2.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Tony116 on November 17, 2022, 03:45:26 AM

Quote from: CryptoHeadlineNews on November 16, 2022, 04:57:35 AM

Quote from: slaman29 on November 16, 2022, 01:53:46 AM

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

1 Bitcoin is still 1 bitcoin only for long term investors but for traders I don't think so, people will always look at the value of USD. Or people who use bitcoin as payment method will also always get annoyed when bitcoin price fluctuates and that's also why I don't like to use bitcoin as payment method. Honestly, I like the volatility of bitcoin if it becomes stable maybe more investors will leave bitcoin and me too. We are here to make a profit, when there is no profit people will leave.

Cant really ignore that people would really be that minding about fiat value even we do say that 1btc=1btc but cant really just that ignore out that we do really got interested on making money.

This is why people do prefer on moving prices because we cant really deny that volatility could really make out some money and on the time that we would be seeing its stabilized price then this is where

people do lost up interest and would find out another things which is volatile because we cant really deny that we are really that interested into something which we can
make money and into something that we wont then it is really something that turns off.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

Quote from: hd49728 on October 02, 2022, 11:06:08 PM

Stable price does not helpful for both investors and traders.

Investors need to see price growths to get profit so stable price can not help for investors.
Traders need high volatility in order to have waves and good entries as well as good exits to get profit. Traders would prefer to see highly volatile price, not stable price.

Because Bitcoin has four-year halving, it won't be stable for too long time. There are always highly volatile, medium volatile and very minor volatile periods in price but in general, we will see volatility.

Explained well, New Investors also want the price drop to buy or those who sold their investments want to buy more in a bearish market.

Also, price volatility creates hype among common folks and also attracts new investors.

Marcellin9

member

Activity: 224

Merit: 20

Quote from: bbc.reporter on October 02, 2022, 10:53:04 PM

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.

I'm afraid you have already made the point very clearly why people want Bitcoin price to be stable or not. The price stability actually dermines the nature of Bitcoin. If the price is highly volatile as it has been, Bitcoin is indisputably an ideal investment with high return or loss. People are crazy about any fluctuation and the whole market is measured by it in many cases. On the contrary, if prices are stable like an iron, the competitive advantage of Bitcoin is the secured value, acting like an anchor of assets. Like you said, with stability, Bitcoin will become a medium of exchange and I assume people will buy it to keep its value like gold.

Llhxsdr

newbie

Activity: 21

Merit: 0

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.

Tony116

legendary

Activity: 2338

Merit: 1023

DGbet.fun - Crypto Sportsbook

Quote from: CryptoHeadlineNews on November 16, 2022, 04:57:35 AM

Quote from: slaman29 on November 16, 2022, 01:53:46 AM

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

1 Bitcoin is still 1 bitcoin only for long term investors but for traders I don't think so, people will always look at the value of USD. Or people who use bitcoin as payment method will also always get annoyed when bitcoin price fluctuates and that's also why I don't like to use bitcoin as payment method. Honestly, I like the volatility of bitcoin if it becomes stable maybe more investors will leave bitcoin and me too. We are here to make a profit, when there is no profit people will leave.

JordanMychal

newbie

Activity: 12

Merit: 0

I also think that the stability of Bitcoin is not conducive to us profiting from it, volatility can make us rich, and we will not invest in it if it has been stable.

HughMunro

newbie

Activity: 17

Merit: 0

We don’t want the price to be stable. If the price is stable, there is no room for growth. There is no value. Without fluctuations, we can’t profit from it. Only when the price rises can we make a profit. The fluctuation of Bitcoin is the goal that investors are chasing.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: CryptoHeadlineNews on November 16, 2022, 04:57:35 AM

Quote from: slaman29 on November 16, 2022, 01:53:46 AM

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

Of course I know that, 1 btc = 1 btc everywhere all the time, but I'm responding to a thread talking about price, and gave my examples that use fiat value even when paying with BTC.

I know all about transaction fees but it still doesn't help if, as I said, BTC suddenly drops 5% in the time waiting for 3 confirmations, and we all know it can and does do that all the time.

SOKO-DEKE

hero member

Activity: 840

Merit: 570

Quote from: bbc.reporter on October 02, 2022, 10:53:04 PM

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.

I think there's no any way to make the price of Bitcoin stable because it involves buying and selling and I thing that in buying and can never be stable in price do to law of a reason demand, the higher the demand the higher is increase in price. This can only happen when is only one person or company involve in all holding Bitcoin and is impossible

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

Quote from: slaman29 on November 16, 2022, 01:53:46 AM

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

Thuy Anh

jr. member

Activity: 40

Merit: 1

Bitcoin's volatility has attracted a wave of investors and speculators. Assuming that the volatility of Bitcoin returns to zero, then a different group of people will withdraw from the cryptocurrency market, and people may use Bitcoin as an economic emergency hedging. Bitcoin does what gold does. One more payment function than gold. But at that time, Bitcoin will continue to depreciate.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But with casinos, they can say: "deposit $100 equivalent of BTC" and I do that for maybe $110, it takes 20 minutes to confirm but price drops more than 10% with no warning and I deposit less.

Yes it happened to me

Marcorey

jr. member

Activity: 50

Merit: 2

Quote from: bbc.reporter on October 02, 2022, 10:53:04 PM

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.

Stable prices are not good for investing and trading, nor for cryptocurrencies. We don't want the price of Bitcoin to be very stable. Bitcoin is more of an asset than a currency, and its price movements make it more attractive and more popular. High price volatility is more conducive to buying low and selling high to obtain profits.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: jakdanyel on October 27, 2022, 05:09:56 PM

Those who want to invest, of course, will not want it to remain constant. Even if it is falling, the fact that it is moving keeps the market energetic and there is a constant flow of money in the market. As the value of Bitcoin increases, the number of people who want to invest will also increase. Therefore, more money will be involved in the market. Obviously, the constant value of bitcoin will not make anyone happy.

They will want Bitcoin to be stable in price if they hate Bitcoin and hate Bitcoin investors so they don't want to see other harvest good profit from Bitcoin increases.

Or they are Bitcoin investors and want Bitcoin to be stable in low prices in order to have enough time to accumulate as many cheap bitcoins as possible.

They should not invest in Bitcoin if they want its price to be stable. If they want a stable thing, they can hold their money in fiat currency, not stable coin.

Quote from: Renampun on October 29, 2022, 08:09:50 AM

I like the volatility of the bitcoin price as it is now, if the bitcoin price is stable then it's no longer attractive and fortunately the bitcoin price will never be stable because bitcoin will forever continue to be a decentralized coin/asset.
in the market there are many stable coins/assets that already have many users then bitcoins no longer need to be stable coins/assets.

Bitcoin as a free market, it has volatility that is sometimes high and sometimes low or stable. High or low volatility, you should pay attention on trading volume that is shown how much capital is in the market actively.

With low trading volume, price can not rise higher but if you see high trading volume, you should do more research on whether big exchanges do some promo for trading like waiving trading fees, bonus with high trading volume profiles.

Thomas Kralow

newbie

Activity: 38

Merit: 0

Quote from: bbc.reporter on October 02, 2022, 10:53:04 PM

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.

I don't want the price of Bitcoin to be stable or not change much. If this happens, it means that the encryption market is not active, which is a very unhealthy performance. Decentralization, anonymity, and large fluctuations are all characteristics of Bitcoin.

munehungre

newbie

Activity: 5

Merit: 2

I think these two links will be of significant interest to many of you.

https://www.pricedinbitcoin21.com/landing

http://pricedingold.com/

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

Quote

Bitcoin can never be stable, because fiat currencies are constantly depreciating.

Yes, that is why traders and investors will continue experience dump and pump in the market to make bitcoin valuable in the community. I guess, it will be difficult for bitcoin price to be stable through out the year than to dump for investors to experience bear market at the moment and pump for investors to experience bull market, which is part of some of the advantages that made many people to like bitcoin in the community.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: bbc.reporter on October 02, 2022, 10:53:04 PM

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.

Well, I don't know about other people's opinion concerning this topic, but what i do know is that I personally do not want bitcoin to be stable in price, profit we all have enjoyed over the years since the inception is bitcoin is as a result of its high volatility in price.

beside, I am even wondering how possible is it for the price of bitcoin to become stable, price movement, either up or down is created by demand and supply..
Price goes up when the demand and high and the supply is low
And price goes down when the demand is low and the supply is high..
And Bitcoin being an asset with a very limited supply to serve over a billion people in the world population, i personally do not think it is possible for the price of bitcoin to become stable, at least ..not in the nearest future.

fuguebtc

hero member

Activity: 1960

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: Ultegra134 on October 21, 2022, 06:43:08 PM

On the one hand, I might still be interested in Bitcoin in order to store value without it being centralised, keeping it out of the banking services. Although that can be done in other ways, such as via stablecoins.

On the other hand, it would completely lose its purpose and meaning. What's the point of storing and hoarding something that will gain no value in the upcoming years? I think that the majority of us are here because we're anticipating that Bitcoin's value will increase in the future.

Having bitcoin’s volatility is what keeping us interested buying and hodling it for long term because we know in the future that it will give us huge returns 5x or even 10x from its capital. That is why a lot of us put more investments in bitcoin compared to fiat. Now, if the value gets stable and will always be fixed, what’s the use of buying low and selling high? If that’s the case, then maybe I would prioritize fiat in the end.

It is true, although bitcoin has a lot of features that surpass fiat but if it becomes stable then I am pretty sure it will not attract a large number of users to it. We can't deny that most of us enter the market to make a profit rather than using technology and finding ways to make it popular, I believe that if bitcoin doesn't go up in price, we will never make it popular.

Nowadays, people invest in bitcoin or continue to believe in bitcoin because it has helped them to have a better life thanks to the soaring bitcoin price. Iit's hard to think that bitcoin will stabilize and people will leave the market.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

Quote from: bbc.reporter on October 02, 2022, 10:53:04 PM

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.

I like the volatility of the bitcoin price as it is now, if the bitcoin price is stable then it's no longer attractive and fortunately the bitcoin price will never be stable because bitcoin will forever continue to be a decentralized coin/asset.
in the market there are many stable coins/assets that already have many users then bitcoins no longer need to be stable coins/assets.

Topic: Does everyone want bitcoin to be stable in price? - page 2. (Read 1794 times)