How To Make Bitcoin A Better Stable Currency ?

South Park

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Quote from: Kakmakr on February 02, 2017, 12:54:31 AM

The only way for us to bring more stability in the Bitcoin markets, would be to distribute more bitcoins to more people. We currently have some whales with a lot of coins that can shift the markets at will. If those coins were distributed more evenly between more people, then you would have less volatility.

This is not a problem for day traders, but surely a problem for merchants that accept Bitcoin as a payment method, and those who do not convert to fiat regularly. < The price might have dropped, before they converted to fiat >

Some merchants use payment processors, so the volatility has less impact.

I disagree with the bolded part, we need a bigger user base that is correct but to redistribute the coins then a change in the code of bitcoin will be needed since there is no way to do that, and that will destroy bitcoin since bitcoin is all about private property that cannot be seized by anyone, the devs and the miners will never allow that to happen.

KenR

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Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community.

Dear Sir,we are convinced with the plans based on real strategies,studies,theories and facts.Magic is just an illusion.

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

One side view of the situation.You think most of the people will fall for your idea ? It may backfire and drop the value further.Actually,let's not dissolve the cause bitcoin was made for.

olubams

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No matter the policy or the formula that op proposes it wont still work simply because of the fact that bitcoin is still a growing currency and the entrants in the market are more than the available bitcoin. This alone the draw a wedge between the forces of demand and supply and by so will cause instability in the price. Aside that, the currency is seen as a commodity itself which is being traded. You dont see people trading USD for USD but here people trade bitcoin on a particular site for bitcoin on another exchange site...

Wandering Soul~

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Quote from: Herbert2020 on February 02, 2017, 01:24:00 AM

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

care to explain your thoughts a little bit here? most of your sentenses doesn't make any sense! i don't know if your English is bad or mine or if you are rushing to post something, forgetting you have lots of comas, dashes, dots,... in wrong places!

how can you own 10,000BTC it is worth 9.8 million dollars if you start today and you are saying nothing more about what you plan to do with this amount! how can having this much bitcoin make price of bitcoin stable!

and as it was pointed out how can it be stable and still rise 200%!

I didn't also quite understand what OP means cause some parts are lacking more information and after reading it again and again, I think OP meant that if people stop buying bitcoin then its price will decrease since he said "you will lose money" so obviously OP doesn't have the 10000 btc and seeking help from the community to not sell their bitcoin . And judging form the "Contact me" phrase . Maybe OP will persuade people to entrust their btc to him saying that he won't sell it and just keep it .

Anyways, The whole post is pretty dumb. If more and more people get involved in bitcoin or so they called massive adoption occurs it will keep increasing so we will have a stable price increase

Kprawn

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If this was above board, OP would have laid out his whole strategy... but he is evasive. This is like these Bitcoin Generators that are

being advertised.... "put your bitcoins in here, and we will double your coins " ....poof, ALL bitcoins are lost. Roll Eyes

....come on OP, give

us a run down on your plan. Grin

agustina2

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Im expecting a sense post but ended up with an annoying plan. Bitcoin can be a stable currency even without doing those things you have mentioned. Just let it become stable as time passes by since there are added persons involved in this currency as it progress and developed.

A continous support from the community is enough than doing a forceful method which you didn't know if it will become successful or not.

dhampir-D

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Quote from: Fireblade on February 02, 2017, 08:30:55 AM

Quote from: erickkyut on February 02, 2017, 04:15:23 AM

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

That is a a good suggestion to make bitcoin a better stable currency but i think it would be impossible because there are people who preferred getting daily earnings from their investment and using bitcoin in their dailly needs rather than saving it and waiting for it's value to increase!

in fact bitcoin is created mostly for online purpose to use as one currency in all over the world. i think bitcoin can be make more stable currency if more and more people will adopt bitcoin, mass adaptation is too much necessary for making bitcoin more stable. and i think people still need to know about bitcoin so that they can get confident to adopt and use bitcoin.

The use of Bitcoin is certainly more visible in online shopping, but I think Bitcoin has the potential to expand into other markets. Nowadays most people have a smarthphone, so chances are great that one day there may be a large number of physical stores adopting the currency.
It is important to mention that there are already several options for Bitcoin debit cards, but I think it is better to wait for the fees to be reduced before using any of these.

Fireblade

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Quote from: erickkyut on February 02, 2017, 04:15:23 AM

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

That is a a good suggestion to make bitcoin a better stable currency but i think it would be impossible because there are people who preferred getting daily earnings from their investment and using bitcoin in their dailly needs rather than saving it and waiting for it's value to increase!

in fact bitcoin is created mostly for online purpose to use as one currency in all over the world. i think bitcoin can be make more stable currency if more and more people will adopt bitcoin, mass adaptation is too much necessary for making bitcoin more stable. and i think people still need to know about bitcoin so that they can get confident to adopt and use bitcoin.

erickkyut

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Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

That is a a good suggestion to make bitcoin a better stable currency but i think it would be impossible because there are people who preferred getting daily earnings from their investment and using bitcoin in their dailly needs rather than saving it and waiting for it's value to increase!

Amph

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Quote from: Herbert2020 on February 02, 2017, 01:24:00 AM

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

care to explain your thoughts a little bit here? most of your sentenses doesn't make any sense! i don't know if your English is bad or mine or if you are rushing to post something, forgetting you have lots of comas, dashes, dots,... in wrong places!

how can you own 10,000BTC it is worth 9.8 million dollars if you start today and you are saying nothing more about what you plan to do with this amount! how can having this much bitcoin make price of bitcoin stable!

and as it was pointed out how can it be stable and still rise 200%!

owning 10k bitcoin is not that hard if you were an early adopters, i bet there are many users with 10k, OP is basically talking about manipulation to me, there is no other way to contorl the market at the moment

and the fact that he talk abotu a great amount of coin to do it prove the point, and for stable i think he mean not dumped instead of fixed price, which is impossible

BitcoinPanther

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Quote from: requester on February 02, 2017, 01:02:19 AM

STABLE? This is a fool question because with day by day more demand and constant supply it's impossible to keep the rate fixed in certain price. With increasing Demand price will increase constantly. So there is no question of stable with bitcoin unless all bitcoin are mine and all people engage in it like DOLLAR.

Stable does not only mean fixed rate of price. There are some instances where stable were used such as stable increase in price, stable adoption etc. Even with demand increasing, price increasing, you can still say that is stable if the price that supports the increasing value can withstand the dump in price or sudden dip in price.

I do not know why people have to contact OP in order for the OP to share his idea, why not tell it here straight since you need a huge amount of BTC to artificially manipulate Bitcoin price. If that is great then many here with huge amount of BTC will join your cause. They always wanted to have their BTC increase in price value.

NorrisK

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Quote from: DannyHamilton on February 01, 2017, 11:01:04 PM

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability

Um...

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

It will definitely increase the value of Bitcoin up to 150% to 200% percentage.

I don't think that word means what you think it means.

And besides that, people are mainly interested in bitcoin because of its price behaviour.

Adoption and more price stability will follow, but to get there, there needs to be movement in the price.

piloder

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Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

Looks like you are trying to steal bitcoin from others, you are trying to lure others to invest in your ponzi plan Grin

Bitcoin price will be stable in future when marketcap will grow to trillions dollar and block reward get almost zero per block. Any assets that are in trading platform are subject to price swing so it is normal to see price volatility for bitcoin.

QuantumFoam

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This is kind of artificial way of manipulating bitcoin price but I think keeping things in natural flow would be better option as far as long term growth is concerned. Investors around the world are getting smarter day by day and I don't think they will show any interest in investing in something that is being manipulated in such way.

hajimasan

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it's not possible to make bitcoin a stable currency as because its supply is now very less but it's demand and popularity is increasing day by day and new user are engaging in bitcoin so with constantly less supply would definitely increase its price as compared to previous price but it's a better currency they previous and we have trust in this currency then any other cryptocurrencies and it couldn't become a stable one.○

Herbert2020

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Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

care to explain your thoughts a little bit here? most of your sentenses doesn't make any sense! i don't know if your English is bad or mine or if you are rushing to post something, forgetting you have lots of comas, dashes, dots,... in wrong places!

how can you own 10,000BTC it is worth 9.8 million dollars if you start today and you are saying nothing more about what you plan to do with this amount! how can having this much bitcoin make price of bitcoin stable!

and as it was pointed out how can it be stable and still rise 200%!

requester

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STABLE? This is a fool question because with day by day more demand and constant supply it's impossible to keep the rate fixed in certain price. With increasing Demand price will increase constantly. So there is no question of stable with bitcoin unless all bitcoin are mine and all people engage in it like DOLLAR.

Kakmakr

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The only way for us to bring more stability in the Bitcoin markets, would be to distribute more bitcoins to more people. We currently have some whales with a lot of coins that can shift the markets at will. If those coins were distributed more evenly between more people, then you would have less volatility.

This is not a problem for day traders, but surely a problem for merchants that accept Bitcoin as a payment method, and those who do not convert to fiat regularly. < The price might have dropped, before they converted to fiat >

Some merchants use payment processors, so the volatility has less impact.

DannyHamilton

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Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability

Um...

Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

It will definitely increase the value of Bitcoin up to 150% to 200% percentage.

I don't think that word means what you think it means.

densuj

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Quote from: IamNotAnonymous on February 01, 2017, 10:38:18 PM

I have a magical plan to expand the Bitcoin market with price stability and scaling Bitcoin transaction without breaking the rules. I need some assistance from Bitcoin community. This is the forecast: if you own 10,000 BTC it has m.arket value xyz. If people stop buying Bitcoin means your Bitcoin holding value will be xyz - can, you will loose money. So let us work shoulders to shoulders to implement Bitcoin market development strategy. It will definitely increase the value of Bitcoin up to 150% to 200% percentage. This will increase the value of your Bitcoin holding. You will gain a lot. Contact me.
I-Am-Not-Anonymous; Am I ?

Yes you are right but it will not work for the people who whom looking for profit daily
they must sell bitcoin for taking profit and buy back on low price,
it will be work for the investors who make Investment in bitcoin for long time
or the people who want save value in bitcoin than fiat money.

Topic: How To Make Bitcoin A Better Stable Currency ? (Read 1208 times)