Topic: Does everyone want bitcoin to be stable in price? - page 3. (Read 1794 times)
No one will ever have an interest in investing in Bitcoin if that's the case. The only thing why people are investing in Bitcoin is because it is the most popular and valuable digital currency in the world today. Bitcoin's volatility matters everything for investors and holders as it provides profit for them. Traders rely on the volatility of Bitcoin, they use the volatility of Bitcoin to determine when should they enter or exit to gain profit. It may also have some pros when Bitcoin will have a stable price but the volatility of Bitcoin is what makes it unique and provides a lot of opportunities to gain profit for people.
When we do hear the word "Stable" Stability or whatsoever then it would;
Stable = Same as Fiat
You are getting this wrong, fiat is not stable in price, maybe you are referring to stablecoins that are pegged with the USD. But in this subject matter, the OP could only refer to the exchange rate and BTC has to be paired with fiat before a rate could be established. Like, say BTC/USD to achieve its prevailing price, just like EUR/USD in the forex market. All these exchanges don't have a stable price, they always fluctuate, which is what makes the financial market tradable. Without fluctuation in price, you can't gain or lose through trading.Stable = Same as Fiat
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.
In as much as we want bitcoin to be stable it can never be stable cause of its volatility. And the instability make it to be possible for trader to trade on it as at when to buy and when to buy. So I don’t think bitcoin can be 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.
Not even gold is stable...
When we do hear the word "Stable" Stability or whatsoever then it would;
Stable = Same as Fiat
You are getting this wrong, fiat is not stable in price, maybe you are referring to stablecoins that are pegged with the USD. But in this subject matter, the OP could only refer to the exchange rate and BTC has to be paired with fiat before a rate could be established. Like, say BTC/USD to achieve its prevailing price, just like EUR/USD in the forex market. All these exchanges don't have a stable price, they always fluctuate, which is what makes the financial market tradable. Without fluctuation in price, you can't gain or lose through trading. Stable = Same as Fiat
Price to be stable is like the traditional fiat over the cryptography. There is no use of it. The key attraction is the market volatility. Most of the users who prefer to take risk love the volatile market. The users who doesn't want to risk and stay on the much safer side stay with prefer traditional investment and the stablecoins.
There is no chance of bitcoin to be stable, because it is been developed in such as a way to operate on the demand to supply mechanism. With time the importance will be understood, if the users were able to make a small earning out of the volatile market once.
When we do hear the word "Stable" Stability or whatsoever then it would;There is no chance of bitcoin to be stable, because it is been developed in such as a way to operate on the demand to supply mechanism. With time the importance will be understood, if the users were able to make a small earning out of the volatile market once.
Stable = Same as Fiat
Then how people would really be get interested to that? We cant make money out of volatility which it would be understandable that you would really be looking for something which is moving
or volatile for you to make profits.
We cant really deny that people do really get interested on the potential income that we could make by simply holding our crypto holdings for some period of time.
For Bitcoin, yes it does have the utility but we cant really ignore the fact that people would really be looking importance for this feature or opportunity.
Bitcoins for it’s investors is more like an asset then currency, so definitely we don’t want it to be stabled.
Moreover if it will be stabled, then we can’t trade it anymore as a trading pair due to complexity.
This is my opinion, I think it should not be stabled.
Since Bitcoin was never created to become a stable coin, then there is no reason why we need to think that it can go from a volatile coin to a stable coin which is impossible. The market will never tolerate any idea of become stable when everyone knows that Bitcoin is the one that is controlling the market. Every other projects do rely on Bitcoin to have a strong liquidity that will move the market. There are many altcoins that will never have a good move until Bitcoin have gather enough liquidity and momentum. Moreover if it will be stabled, then we can’t trade it anymore as a trading pair due to complexity.
This is my opinion, I think it should not be stabled.
Price to be stable is like the traditional fiat over the cryptography. There is no use of it. The key attraction is the market volatility. Most of the users who prefer to take risk love the volatile market. The users who doesn't want to risk and stay on the much safer side stay with prefer traditional investment and the stablecoins.
There is no chance of bitcoin to be stable, because it is been developed in such as a way to operate on the demand to supply mechanism. With time the importance will be understood, if the users were able to make a small earning out of the volatile market once.
There is no chance of bitcoin to be stable, because it is been developed in such as a way to operate on the demand to supply mechanism. With time the importance will be understood, if the users were able to make a small earning out of the volatile market once.
If the supply wasn't concentrated in few hands the price would become more stable. Bitcoin splitted among more investors would be a guarantee against market manipulation, because it is impossible to manipulate the market when you have more independant adopters involved on the process thinking by themselves.
For me it wouldn't be an issue if bitcoin price became stable at some point, as long as it stays above the 100,000$ mark.
Stability for me is inevitable for bitcoin and just like you've said, when it spreads across hands and that time is bound to come. Thoughtfully, the government won't succeed in there bid to end bitcoin.For me it wouldn't be an issue if bitcoin price became stable at some point, as long as it stays above the 100,000$ mark.
Market manipulations only means, the whales have got to invest a lot of bitcoin in the market and that's actually putting it out for sales too. For sure individuals would acquire some and that means, less and less holding for them which in turn reduces there ability to manipulate the market. This would go on and on until we archive some form of neutrality.
Stability would be a good thing, just not now!
How on Earth do you want Bitcoin to be a stable Coin. Sorry to say this, Bitcoin is a blockchain and therefore stands to get all benefit of a coin and not a token so you can see it yourself. It is near impossible to make Bitcoin a stable Coin as it was not built or financed on ICO or IDO neither was the founders identity known. Making Bitcoin stable can not hold any ground because it has no control or under anybody or government control. It is better it remains so as to allow for growth because I strongly believe Bitcoin will definitely grow much more than it's current price as it is going through a phase of by which it is building a strong price base and support. Come to talk of it, do you not know making it stable might likely cause a panic in market and scare away investors already holding giving them a Sense of loosing their investment. This would call for massive dump and I know and believe you would not like it so because nobody would want to buy it again. The major reason Bitcoin is so because it is not under any government control which is the sole reason Bitcoin was invented by Satoshi Nakamoto.
If the supply wasn't concentrated in few hands the price would become more stable. Bitcoin splitted among more investors would be a guarantee against market manipulation, because it is impossible to manipulate the market when you have more independant adopters involved on the process thinking by themselves. That would mean the end of crashes in the market, what I believe to be positive for crypto environment, since many potential investors seek for a security level when investing their funds, which doesn't exist yet on this market (with the exception of stablecoins).For me it wouldn't be an issue if bitcoin price became stable at some point, as long as it stays above the 100,000$ mark.
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.
I don't actually think that Bitcoin's price will remain constant even if we have reached or mined all of it but rather we can see a less volatile market on bitcoin the closer we reached the maximum amount. If you think about it, it will not be bad on the market as there will be a constant flow as there is still volatility on the price and it will be good for it's main purpose as a mean of medium for peer to peer transaction. As of now, most of us are more concern on how much volatility the price of bitcoin is as we often look at bitcoin as an investment opportunity.
How on Earth do you want Bitcoin to be a stable Coin. Sorry to say this, Bitcoin is a blockchain and therefore stands to get all benefit of a coin and not a token so you can see it yourself. It is near impossible to make Bitcoin a stable Coin as it was not built or financed on ICO or IDO neither was the founders identity known. Making Bitcoin stable can not hold any ground because it has no control or under anybody or government control. It is better it remains so as to allow for growth because I strongly believe Bitcoin will definitely grow much more than it's current price as it is going through a phase of by which it is building a strong price base and support. Come to talk of it, do you not know making it stable might likely cause a panic in market and scare away investors already holding giving them a Sense of loosing their investment. This would call for massive dump and I know and believe you would not like it so because nobody would want to buy it again. The major reason Bitcoin is so because it is not under any government control which is the sole reason Bitcoin was invented by Satoshi Nakamoto.
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.
At the moment, No!
I think some of us deserves some reward for being early adopters. There is a risk factor in being early on an innovation as well as an opportunity as bitcoin continues to prove with its appreciation in value. Also, its pump and dump to give other opportunities to step in and get some reward on risk taken.
Maybe in later times when it's all distributed and the world is effectively using it for day-day transactions, then we can wish for a stable bitcoin. For now, bitcoin has just hot to keep being volatile and it's the way we like it.
I think some of us deserves some reward for being early adopters. There is a risk factor in being early on an innovation as well as an opportunity as bitcoin continues to prove with its appreciation in value. Also, its pump and dump to give other opportunities to step in and get some reward on risk taken.
Maybe in later times when it's all distributed and the world is effectively using it for day-day transactions, then we can wish for a stable bitcoin. For now, bitcoin has just hot to keep being volatile and it's the way we like it.
but in my opinion, however, bitcoin will not be able to stabilize its price, and surely most people want an unstable bitcoin price. including myself want bitcoin with unstable prices. because if the price of bitcoin is stable I will not invest in bitcoin.
In my opinion, it is better to keep it that way because this is the reason why traders and investors makes the courage to invest here and do trading. May the consequence is too risky for them and also for those who accept Bitcoin as payment but actually, we see Bitcoin is growing. With the volatility of the market makes it more profitable for the holders.
Likely, this is a shared opinion but I believe there is nothing we need to change the nature of the market. What just we need is the adoption of how the way it works.
I don’t see it losing too its volatility either and stick to its stable price. If this will happen, for sure a lot would lost their enthusiasm in bitcoin knowing volatility is the main thing that drive us crazy particularly when bitcoin price reaches its new ATH. Yes, having volatility is a big risk, but no one gets to the most exciting point and gets the biggest returns when we always avoid taking some risks.Likely, this is a shared opinion but I believe there is nothing we need to change the nature of the market. What just we need is the adoption of how the way it works.
price movement which it could really give out that chance or opportunity for you to make money.Cant really be denied that when it comes to utility then this is something we do really appreciate
but in overall we do keep in our minds that we could really make money out of these movements and this is what we do really prefer most of the time.
We dont need stability and even if we do, there's no way that the market or behavior would be totally be changed up.
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.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.
Bitcoin means something to all of us. Many of us rely on this system. On the other hand, we want to increase our capital 2x 5x. Suppose a fixed price view is adopted. Will it be the bitcoin we dream of then? I don't think so. Investing takes courage. There is always risk. Perhaps this is the biggest reason why we love this market. If something is going to be stable, it shouldn't be bitcoin.
It seems to me that bitcoin has a reputation for easy money and anyone who starts investing in it is waiting for profit and only profit. in this case, it will be of little interest to anyone in theory stable. high volatility and made it the first cryptocurrency in the world and, in principle, made the cryptocurrency so interesting
Do you said bitcoin is an easy money? If that’s true, those who buy it $65k would worry less of the price since it is always an easy money but with my little experience with bitcoin, it’s not an easy money. You need patience, perseverance, dedication, ability to look ahead of any impossibilities because holding bitcoin is not a straight journey, it is full of bumps that you may even be discouraged like times like this(bear market), bitcoin is not for the faint hearted people but if you manage to employ the above, you will enjoy it like an easy and free money.
Bitcoin price cannot be stable and wouldn’t be stable, if at all it has been stable, it wouldn’t get to where it is today, it might has not get the attention the way we wanted and even at this level, it’s just the beginning of new price attainments.
In my opinion, it is better to keep it that way because this is the reason why traders and investors makes the courage to invest here and do trading. May the consequence is too risky for them and also for those who accept Bitcoin as payment but actually, we see Bitcoin is growing. With the volatility of the market makes it more profitable for the holders.
Likely, this is a shared opinion but I believe there is nothing we need to change the nature of the market. What just we need is the adoption of how the way it works.
I don’t see it losing too its volatility either and stick to its stable price. If this will happen, for sure a lot would lost their enthusiasm in bitcoin knowing volatility is the main thing that drive us crazy particularly when bitcoin price reaches its new ATH. Yes, having volatility is a big risk, but no one gets to the most exciting point and gets the biggest returns when we always avoid taking some risks. Likely, this is a shared opinion but I believe there is nothing we need to change the nature of the market. What just we need is the adoption of how the way it works.
Bitcoin can never be stable, because fiat currencies are constantly depreciating.
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.
It seems to me that bitcoin has a reputation for easy money and anyone who starts investing in it is waiting for profit and only profit. in this case, it will be of little interest to anyone in theory stable. high volatility and made it the first cryptocurrency in the world and, in principle, made the cryptocurrency so interestingThe 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 only there's a voting that will happen about this matter then I think bitcoin will remain to be volatile because the number of users who use their bitcoin as an asset are I think much more compared those who use their bitcoin as a currency.
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