Does everyone want bitcoin to be stable in price? - page 4.

Inwestour

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Quote from: TheUltraElite on October 21, 2022, 10:18:56 AM

Bitcoin is a currency that has become speculative because of its buy/sell pressure since a long time. But at the end of the day it is still meant to be used a method to transact. Obviously the reason why stablecoins came in the picture is that some people are obsessed with bitcoin not being stable and them wanting something in that line.

Be assured, bitcoin trading has the maximum volume, it has least chance of become stagnant in market.

1 bitcoin always = 1 bitcoin, but the desire of speculators to capitalize on this, adds to this volatility. Bitcoin has become too attractive for big players with very big opportunities and so we see it. Now the volatility is minimal, apparently it is beneficial for those who accumulate positions, but believe me, as soon as they reach their goals, then everything will return to the previous price movements.

Bazzu

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Quote from: cryptosize on October 21, 2022, 02:31:50 PM

Living things are unstable by nature.

Just like the climate, for example... the planet is constantly evolving (natural equilibrium).

Only dead things are stable. Grin

Your answer is also correct, if you think about it, only inanimate things are stable, because living things are definitely unstable. as well as bitcoin, of course the price will not be stable because there is life in it.

paulbowyer

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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.

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

eddie.gouws

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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.

No, in fact, many people want bitcoin to be less stable so that it can become more mainstream.

People who are invested in bitcoin want it to be stable in price because it means their investment is more secure. But there are also many people who want bitcoin to be less stable so that it can become more mainstream and accepted by the general public. This would allow for wider use of the currency and could potentially lead to even higher values for bitcoin in the future.

VEGA_SPORT

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Nothing will be stable forever. But I have faith in the future development of Bitcoin. So buying at a good price and holding for a long time is still my choice.

Smartvirus

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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.

serjent05

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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'd rather have Bitcoin be volatile. Stable Bitcoin will make the market boring and the opportunity to gain profit is somehow nullified, though I know it is good to have the price stable for Bitcoin because it will increase the rate of adoption since merchants will not that worried anymore. So for personal interest, I prefer a volatile Bitcoin.

Fara Chan

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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.

Fortunately, bitcoin cannot be set to a more stable price, so bitcoin is very unpredictable and highly volatile. this is the upside to it compared to fiat currencies which have complete control by the authorities, and it is on this basis that bitcoin is better able to maintain its price, despite some corrections along the way.
The initial process of bitcoin became a source of reference for us, it will continue to increase in the future, with the market reaction arising differently, be it correction or pumping.

Wimex

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I think that if Bitcoin stabilizes its value, it would lose a lot of its essence… Certainly, as others have said, it would be an excellent safeguard of capital, for the moment that things get cloudy in the markets… but nevertheless, we would be falling into a simple stablecoin. In addition to possibly even reaching the point of being regulated and also controlled, I think that Bitcoin is fine as it is, with its resounding ups and downs.

Viscore

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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.

Thankfully, bitcoin is highly volatile so it’s far seeing it having a stable price. And I think if bitcoin end up having a stable and fixed value, then it’s no longer different from fiat, except from being decentralized. Good thing bitcoin remains to be volatile, because that’s one of the reasons why people become super thrilled and excited every time the market returns to bullish market.

Sebas.tian

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Yes, investors and traders want the bullish market to come so that they will start preparing ahead of Christmas and new year. Many investors that invested a huge amount of money on Bitcoin early this year hoping that the price of Bitcoin will be stable in this month of October to allow them to release their coins to the market for profits making but the bearish season is still affecting the market price. I wish to sell my bitcoins but the price is too low for me to meet up with my target with this current price than to continue holding until the price become stable in the crypto market.

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Quote from: Bastidasyeferson442 on October 17, 2022, 09:56:01 PM

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.

Yes, it's true that if the bitcoin price is stable, many people will leave bitcoin, because if the bitcoin price is stable, of course, people who invest in bitcoin will not get the maximum profit. but in my opinion, however, bitcoin will not be stable in price. because the volume of buying and selling is also unstable.

I would also consider leaving bitcoin if it ever becomes stable. To be honest, I think we are all in this for the money and not purely for the technology itself. I believe if it has leading technology but the price doesn't rise, doesn't volatility, it won't attract investors, if it does, it's just technology companies. Bitcoin is a decentralized asset so it is almost impossible to become stable because no one can control to make them stable, its volatility will depend on supply and demand in the market.

Ultegra134

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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.

cryptosize

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Living things are unstable by nature.

Just like the climate, for example... the planet is constantly evolving (natural equilibrium).

Only dead things are stable. Grin

borovichok

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Quote from: TheUltraElite on October 21, 2022, 10:18:56 AM

Bitcoin is a currency that has become speculative because of its buy/sell pressure since a long time. But at the end of the day it is still meant to be used a method to transact. Obviously the reason why stablecoins came in the picture is that some people are obsessed with bitcoin not being stable and them wanting something in that line.

Be assured, bitcoin trading has the maximum volume, it has least chance of become stagnant in market.

Bitcoin is the top investment in the market and every investors would want to purchase it especially now that it's in dip. Many investors missed out on it when it was still cheaper and afforded, some gigantic Whales hsve already purchased major quantity of Bitcoin for long term purpose. Bitcoin have a promising future, no doubt about that but if not traded wisely, one can still loss. Not everyone wants to price of bitcoin to be stable, like the futures traders and spot traders, they tend to keep the price to be fluctuating inother to make their profits.

Sunrise360

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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.

For me I don't think it will be that beneficial for Bitcoin to have a stable price. Price volatility in my own opinion is what makes it more interesting as investors/stand will have the opportunity to buy at lower price, sell at higher price and make their profits.
That's my own humble opinion.

TheUltraElite

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Quote from: Bastidasyeferson442 on October 17, 2022, 09:56:01 PM

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.

No speculative asset is being "stabled", they are always volatile but the degree of volatility is often manageable as is with bitcoin. Bitcoin is always open to trading, so there is no question of it ever being fixed at a price in terms of fiat currency.

Quote from: landheer on October 16, 2022, 06:24:46 PM

I think so too. because I myself also want to invest in bitcoin because I see the price of bitcoin is unstable, if the price of bitcoin is stable, of course I will not invest in bitcoin, because if the price of bitcoin is stable, of course it will not provide maximum profit for investors. so the specialty of bitcoin is that its price is not stable.

Bitcoin is a currency that has become speculative because of its buy/sell pressure since a long time. But at the end of the day it is still meant to be used a method to transact. Obviously the reason why stablecoins came in the picture is that some people are obsessed with bitcoin not being stable and them wanting something in that line.

Be assured, bitcoin trading has the maximum volume, it has least chance of become stagnant in market.

Bastidasyeferson442

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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.

landheer

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Quote from: Note3 on October 03, 2022, 02:58:19 AM

Be stable in price? I don't think it will bring a lot of people to want to own Bitcoin because in the end they just think it will be the same as fiat and it could be that big institutions that are also involved in taking profit from own Bitcoin's volatility will leave it because it's no longer profitable for them.
So bitcoin volatility in price is better choice in my opinion

I think so too. because I myself also want to invest in bitcoin because I see the price of bitcoin is unstable, if the price of bitcoin is stable, of course I will not invest in bitcoin, because if the price of bitcoin is stable, of course it will not provide maximum profit for investors. so the specialty of bitcoin is that its price is not stable.

tabas

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Quote from: AmoreJaz on October 16, 2022, 02:16:50 PM

the reason why many people are attracted on this market is because of the volatility factor of btc. if you remove this feature and btc becomes stable, yes, it may be good for payment method and other things. but the traders and other investors, will wane their interest and so this may affect the price.

That's true, majority of the people that have started to invest in bitcoin is because of its volatility. Without, many will choose another investment where they can have that opportunity to see the rise of it and make their investment appreciate overtime.

Quote from: AmoreJaz on October 16, 2022, 02:16:50 PM

i don't think everyone wants a stable price. but less volatility may be favoured.

There are some that likes it to be stable but when they say that, they've bought at the bottom and want it to see stable at an ATH price so that's still a win for them.

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