Topic: Does everyone want bitcoin to be stable in price? - page 5. (Read 1794 times)

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

If you want a straight line, you can take a look at the heartbeat of a dead person.

Living/evolving things are never stable by definition.

if bitcoin cannot become stable then we will stop dreaming it will become the currency of the world and it will just stop being an asset, a commodity that can be bought and sold. no government or ordinary user accepts a volatile currency

as for me, i don't like stable bitcoin because then i can't make a profit. bitcoin may scare a lot of people because of its volatility, but for me, it is what makes bitcoin as unique as it is and what sets me apart from others

What does it mean to be stable? Nothing's stable. Nothing's a straight line. Not only in the stock market, but in nature. I've seen people talking about the stability of gold, and wonder if we could have such thing in bitcoin too. Have you seen a chart? Here's one: https://goldprice.org/gold-price-chart.html. Does this look straight to you? Do you think fiat currency is stable? Laughable. Bureaucracy asides, is there a society with a steady gross national product? No. Then, money units can't have a stable value.

Bitcoin will never stabilize, and that isn't a bad thing. It might stop being so fluctuating (which is already happening), but 'til there.

if that happened then all investors would stop investing in bitcoin, we all know that people enter this market because they want 2x, 3x, 5x profits and there are even more greedy ones who dream of 1000x profits, now imagine arriving and talking to these greedy people who want 1000X profits that the price of bitcoin is now stable? these guys will all withdraw all the money they put in bitcoin, the price of bitcoin will drop a lot and there will be little volume, in practice it would be an almost end of bitcoin

about another question if anyone wants bitcoin price to become stable? honestly i doubt most people would want the bitcoin price to be stable, that would destroy the main reason that makes bitcoin attractive, i myself wouldn't like to see the bitcoin price without high volatilities. Bitcoin-related news channels would go out of business because they wouldn't even have price prediction articles anymore

Sorry to disappoint you, but bitcoin never was a 1-way bet (at least it is not at the moment). The price will go up if enough people think it is valuable and will "use it as digital gold". And the reverse is also true. From the perspective of trading, the volatile market is ideal. From the perspective of adoption, stable market is better. A balance between these two could drive this ecosystem to new heights. That is why I am holding, because I believe in its potential. But the point is, Bitcoin is not for everyone. It has its pros and it has its cons. You need to research if you have plans on being a part of the ecosystem. You should know what you are getting into and be prepared to lose everything if you are just a trader looking to profit on the swing of volatility.

To be honest I think we need a taste of both worlds I.e stable and volatile as they come with their own pros and cons. A stable bitcoin could easily invite people and institutional investors into this ecosystem but then again looking at it from a traders point of view some volatility would be good to trade as this could be comparable to gold or Nasdaq which are highly rewarding if you catch the right market move.

I do not! I mean it would be a horrible thing if bitcoin was ever stable, that would mean that I would not be able to make a profit from it and there is no way of investing into something that is stable and won't go up so I would not be making a profit.

With the way it is right now, it is volatile and it means I am going to make a great profit from it, definitely something that would be a lot more lucrative for any investor, anyone who wants it to stay stable doesn't realize how much profit could be made from the current state of things and that's very very important. I am not saying that it's going to be easy, but it's not going to be impossible neither, we are going to end up with a good return if it stays volatile.

Stability is boring. Stability is living life in a perpetual state of Zugzwang of the highest order. To live a life without risk and chance of gain means there is so little to strive for, as it all evens out anyway.

I think the fact that Bitcoin has a volatile price is a good thing. It reflects how much profit potential there exists thanks to whales selling and buying all while Bitcoin slowly but surely rises in its core value. A smart man would take advantage of the whales and let them provide the cheap coin.

Buying the dips kills the whale  

If bitcoin becomes stable it will not be a bad idea, it could also mean that bitcoin can be what the Creator initially wanted it to be. It could be that satoshi never thought that bitcoin will be rising and becomes an investment asset instead of a currency. If bitcoin becomes stable the lossers will be the traders. They could also not lose because they can trade other cryptocurrencies. So it is fine to say that the price volatility is not the only advantage that bitcoin has .

With bitcoin you can fight against inflation, you can remember private and control your money by yourself without going to the bank. These are all the advantages of Bitcoin instead of price volatility only

The volatility nature of the price of bitcoin makes it tradeable thus create trading opportunity for long and short trades for traders while hodling the coin to earn some profits by it investors is another added advantage, personally I wouldn't want bitcoin to be stable that means hodling the coin if stable wouldn't guarantee any profit and a lot of investors will shy away from it, however, some hodlers might embrace that idea just to use it as a store of value in their wallet rather than exchanging it to fiat and save in a bank in a bid to avoid any form of KYC by transacting  anonymously.

Despite the fact that Bitcoin offers a variety of freedom, I am sure this request of wanting Bitcoin to be stable should be coming from those who constantly use it for daily transactions and are scared of losing money if eventually, its value falls in price (i.e especially people in the legalized countries who uses Bitcoin daily). But the truth of the matter remains that if Bitcoin becomes stable, which I'm sure can never, there will be no difference between it and the normal fiat currencies we use, as it is its unstable manner that makes it a good asset for trading.

Basically, many investors are worried about investing because the Bitcoin price is difficult to predict the next direction, in fact the Bitcoin market is open 24/hour non-stop, the volatility of the price moves is influenced by supply and demand, it can be said that market decisions are not controlled which makes Bitcoin unstable, for that we also often see some debates like you said, but many investors and Bitcoin lovers want to speculate, regardless of whether the Bitcoin price is stable or soaring.

For that although there are many pros and cons about the stability of Bitcoin, actually Bitcoin has its own reasons for remaining unstable.
For example:
As far as I know, one of the factors or reasons why Bitcoin can't be stable is because Bitcoin is one of the liquid assets that can be called very easy to liquid, the reason is that it doesn't have a third party, are free to sell and buy, another factor is that buyers and sellers are spread all over the world, anyone and anywhere people can negotiate in the trade of selling and buying, with that factor many people can't do much for Bitcoin to be stable, for that it's no wonder we often see Bitcoin every four years there is an inflation rate called the Halving, That's the basis that Bitcoin continues to change, it's difficult to turn Bitcoin into a stable asset.

Only those who see investment in it (like gold or stocks) count on a stable bitcoin price.

Yeah of course there’s plenty of people who don’t want bitcoin to remain stable.  There’s traders whom are very good at what they do and they depends on the volatility (as well as sometimes the ones who create the news or fake news rather, in order to drive the market either up or down so they can trade accordingly).

Those who want it to become stable are those who give a shit about its true value and contribution to this world.

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.

People who are really talking about stable price movement of bitcoin are to those who are really going after for recognition and adoption which it could be applied into different services and merchants who doesnt

really like volatility or something that could affect their revenue without even trying to look up on whole scale of things in related on BItcoins true purpose.It wasnt really mean for it to be regulated or something
legalized.
It is a digital currency which could really make out that p2p system without 3rd party intervention.You could really expect that its value or price would really be that too volatile or
move on huge scale.If you cant bare up such movement then Bitcoin or crypto space isnt for you.

But the price cannot be stable, we are talking about Bitcoin, the volatility is always very high, and when there is a certain laterality it is because a very large movement is originating, perhaps up or down, but it is very difficult or almost impossible for the Bitcoin stay sideways the volatility here is what makes bitcoin the bitcoin I don't see any other way to describe the uniqueness of bitcoin if we take the volatility out of it that would be best for banks and governments who disagree with bitcoin, because it would be a way for them to have security in an asset, but here the best thing is that Bitcoin will not behave like that.

I think nobody wants stable bitcoin, on this forum alone most of us invest bitcoin just for profit and almost no one use it for the sole purpose of payment method, if any, it's just for the experience and only used for some small bill payments, no one uses it as often as fiat or bank account.

There is no doubt that many people will leave the market and bitcoin if bitcoin becomes stable, and will look for alternative investments. I never thought that one day bitcoin would stabilize, it was tedious.

It is true that if the price of bitcoin is stable, there is definitely no difference between bitcoin and FIAT currency, if the price of bitcoin continues to be stable, it is certain that investors will withdraw from investing in crypto currency, especially bitcoin currency, because no one wants the price of bitcoin to be stable. Like the price of gold, most people who enter the crypto world want new challenges and want bigger returns than investing elsewhere.