Personally, I won't expect Bitcoin to be stable in price.
Why?
Because so far, what I always expect from Bitcoin is the result of the investment, moreover long-term investment. that is why this first crypto is very valuable and worthy because there is a high expectation about long-term holding, which leads tot he higher price again and again. that is the exact attraction to make people put their money into Bitcoin, buy it, hold them, and then taking profits on the in the higher price with high profits.
Although one of the functions of Bitcoin is as a currency, I cannot deny also that most are for investment.
Topic: Does everyone want bitcoin to be stable in price? - page 8. (Read 1794 times)
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?
Speaking speculatively, what I think has attracted majority of users more to bitcoin is its volatility and their ability to make profit from the movements of the market rather than its currency nature. Although not the main intention for the creation of bitcoin many people have capitalised on it for that benefit and will forever prefer that it remains volatile and never achieve stability to carry out its currency function properly. Though I'm still a part of people that are hoping to profit from the volatility, I would also like people to also engage the currency function of bitcoin by also cultivating the habits of still trying to use it once in a while for transactionary purpose.
We want bitcoin to become stable in value not in price because if its price becomes stable that means its value is dumping over time since fiat currencies are always dumping and a stable price means losing value alongside fiat.
I am having had time understanding your statement, can you do me a favour by throwing more lights on this statement of yours. How can bitcoin become stable in value and not in price.
Is price not the value and vice versa?
No, price and value are not the same thing. For example, a loaf of bread always has the same value (it can feed a certain number of people) but its price changes over time due to inflation or other economic factors such as supply and demand.
Stable value basically means that the value of a given unit of currency does not change. One dollar today should have the same (or nearly the same) value as one dollar next year, for example. That is kind of difficult to do these days, given that inflation and interest rates can play havoc on our fiat currencies. It is also a bit unrealistic, since the world's economies are always changing, leading to both upswings and downswings. Bitcoin can become stable in value as a store-of-value, and it can do so without having a stable price.
We want bitcoin to become stable in value not in price because if its price becomes stable that means its value is dumping over time since fiat currencies are always dumping and a stable price means losing value alongside fiat.
I am having had time understanding your statement, can you do me a favour by throwing more lights on this statement of yours. How can bitcoin become stable in value and not in price.
Is price not the value and vice versa?
Stability means we'd have to sacrifice gains.
What would you like more? +100% in one year and then -30% a year for 2 years, or +5% one year and -2% the next? I'd rather if it were more volatile if that meant bigger total gains.
That said, we won't see stability unless there's strong regulations and much higher number of users, but we'll never get to a fiat money stability because there's no safety features in bitcoin. Nobody will come to the rescue, we're on our own here. They won't print more bitcoins or issue bonds or give empty promises. If something happens then it happens.
What would you like more? +100% in one year and then -30% a year for 2 years, or +5% one year and -2% the next? I'd rather if it were more volatile if that meant bigger total gains.
That said, we won't see stability unless there's strong regulations and much higher number of users, but we'll never get to a fiat money stability because there's no safety features in bitcoin. Nobody will come to the rescue, we're on our own here. They won't print more bitcoins or issue bonds or give empty promises. If something happens then it happens.
Bitcoin will never be stable.
It would require absolute control of this financial instrument by the government,which is impossible
Bitcoin is good because it is extremely volatile.People see it as an investment opportunity like the stock market.The price depends on demand and desire.When it was rising,everyone wanted to jump on that endless growth train,but later interest faded and fear took over.
Fear that the price would soon start to fall and cause a bearish trend.
And if bitcoin has a stable price,how is it better than fiat?
It would require absolute control of this financial instrument by the government,which is impossible
Bitcoin is good because it is extremely volatile.People see it as an investment opportunity like the stock market.The price depends on demand and desire.When it was rising,everyone wanted to jump on that endless growth train,but later interest faded and fear took over.
Fear that the price would soon start to fall and cause a bearish trend.
And if bitcoin has a stable price,how is it better than fiat?
If I want to use bitcoin as a currency, a stable price would greatly help me because things can be priced with bitcoin without much change on them. However, what that means is basically removing the speculative trait of bitcoin and just using it as a currency. That also removes a huge number of people on board who only sees bitcoin as a speculative asset and nothing else. So do I want bitcoin's price to be as stable as it can be? My answer: no.
You can still buy things with bitcoin even though it's volatile. Just expect that prices will never ne the same for a long time that is.
You can still buy things with bitcoin even though it's volatile. Just expect that prices will never ne the same for a long time that is.
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.
Personally, I would prefer it to be volatile in order to retain its investment potential in the market.
Given that the price of BTC has been steadily increasing/decreasing, many investors have taken the opportunity to HODL and wait for its price to skyrocket. Given its inflationary nature with only a limited supply of 21 million, it is but inevitable for its price to increase as the years go by. With the convenience of purchasing BTC via local exchanges, it has become the new 'digital gold' in this aspect especially on its investment opportunities.
I would think they are definitely crazy. Why would anyone want bitcoin stable? If you consider bitcoin in terms of bitcoin itself then definitely you won’t see a problem with its use case. For example I am sending 2.3 bitcoins for Lamborghini or something or may be I’m sending you 30 satoshi for candy jar etc and you tagging the prices in the same fashion (in terms of btc value) then it won’t be a problem for day to day use case. Even with rising prices it’s far better because we also want an asset which is growing and growing to profit us. That would be the reason for the investment of bitcoin too.
Less volatile means more adoptation. The volatility of Bitcoin is what makes the government very strict on legalizing Bitcoin but it will be a different story if the price became stable.
Personally, I don't want Bitcoin to become stable and there is no way to do it since it has a limited supply. The price will surely goes up if scarcity kicks in. I’m investing in crypto because of its volatility. I will just use the regular fiat if Bitcoin become stable because I don't see any difference asides from there total supply.
Personally, I don't want Bitcoin to become stable and there is no way to do it since it has a limited supply. The price will surely goes up if scarcity kicks in. I’m investing in crypto because of its volatility. I will just use the regular fiat if Bitcoin become stable because I don't see any difference asides from there total supply.
To be candid, I don't what the price of Bitcoin to be stable. What for? If it becomes stable in price that means speculators and traders will be out of business. I bet you, what most people like about Bitcoin is even the price instability that has continued to make many rich and better off while leaving a handful wrecked and miserable. That's the true nature of business, not everyone benefits or loses at the same time.
Are you implying that bitcoin would be no use to the holders if the price becomes stable or if the price does not increase anymore?
Yes, I share in the answer to that question which is true. Those who hodl Bitcoin are doing so with an expectation that price will continue on a northern spiral. So, if price gets stability I'm not sure they will be excited about it. 
Volatility makes it good for trading
Only if things go your way!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
Even if it becomes somewhat stable at some point in the future, it'll never be the same as fiat [e.g. those who are affected by Uncle Sam's sanctions, can still use it as a workaround]. 
It'll remain volatile as it was. I think those that likes bitcoin to remain stable thinks that it'll be just the same fiat. But as said, we're also seeing how the value of fiat becomes unstable.
In that case, no matter how much people want bitcoin to become stable, it will not happen or maybe it will at some point. We may not see it close to being stable but who knows if someday there will be some factors that it will make it close to that point, close but not actually.
In that case, no matter how much people want bitcoin to become stable, it will not happen or maybe it will at some point. We may not see it close to being stable but who knows if someday there will be some factors that it will make it close to that point, close but not actually.
I’d love it to only go up but that’s not realistic, is it. Bitcoin is still a relatively immature asset so volatility is part of the game. I actually enjoy the volatility but only because I got in early so I have a good position to be able to sell during bull markets & buy at times we are currently experiencing. It’s relatively risk free, I can’t lose.
So to conclude, no I don’t want bitcoin to be stable, it’d just be another stablecoin then wouldn’t it.
So to conclude, no I don’t want bitcoin to be stable, it’d just be another stablecoin then wouldn’t it.
I think we don't need Bitcoin to be very stable in price. What makes Bitcoin more desirable is its fast price movements. It is more profitable than anything because of this. In the end its all about people who wanna make money in financial markets. Alive markets are more functional than dead ones obviously. I Don't want Bitcoin to become another British pound I mean come on, its more than that!
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
So bitcoin volatility in price is better choice in my opinion
For stability we already have USDT.
If you need for your purpose as you have mentioned in the OP, then definitely you can go for USDT.
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.
If you need for your purpose as you have mentioned in the OP, then definitely you can go for USDT.
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.
In contrast to fiat, fiat is always stable because it is used as a legal tender and is always controlled by a centralized government, so fiat always remains stable at all times.
Why do you thing fiat has been always stable? In the united states, people have to pay around 8% more for their living costs compared to last year. There are many countries even with much higher inflation rates.
Fiat has been never stable in value.
If it is true that the price of Bitcoin becomes stable then all large investors will experience losses with their investments in Bitcoin, but in my opinion Bitcoin is unlikely to be a stable price because Bitcoin does not have the authority to regulate and control it. In contrast to fiat, fiat is always stable because it is used as a legal tender and is always controlled by a centralized government, so fiat always remains stable at all times.
Volatility does not change the store of value property of Bitcoin. This is explained in two ways:
1. Average volatility per year is less than 15%
2. Daily changes in price of 1BTC is insignificant when buying daily necessities and groceries paid in Bitcoin adjusted against a fiat currency.
The main effect of volatility is in trading that asset. Again this applies more to altcoins over bitcoin. Hence I believe bitcoin can become both a transactable and tradeable asset in future.
1. Average volatility per year is less than 15%
2. Daily changes in price of 1BTC is insignificant when buying daily necessities and groceries paid in Bitcoin adjusted against a fiat currency.
The main effect of volatility is in trading that asset. Again this applies more to altcoins over bitcoin. Hence I believe bitcoin can become both a transactable and tradeable asset in future.
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