How to make bitcoin prices stable? - page 2.

bobo012

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Quote from: redtrus55 on July 31, 2018, 08:14:00 AM

How can we be done so that bitcoin prices become more stable?

It will be stable when it matures enough as an asset, and that means global adoption and much bigger market cap, as well as trust of people in the bitcoin ecosystem, utility and value that it has.

Thirdspace

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long period of stable bitcoin price? probably never... for short term 2-3 months perhaps possible
but to have bitcoin price somewhat stable like foreign exchange rate is very hard to achieve
even after all 21M BTC has been mined, I doubt bitcoin price will ever be stable

syarifudin

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if the problem to stabilize the bitcoin price I know less but if the problem is determined I know a little price. Let us take an example of how the price of an object is determined - we can use oranges as a metaphor. What is the price of oranges?

The answer: depends. The first point of determining the price of oranges is by two things: what price is desired by the person who sells it, and what price is wanted by the person who bought it. If John wants to sell oranges for Rp 3,000, - and Sarah only wants to pay Rp 2,000, - then the deal does not happen. But if they agree with a certain price, for example Rp 2,500, - then the transaction occurs. In the summer, more people want to buy oranges, so the price of oranges rose. Or if there is a flood so the supply of oranges is reduced, but many people want to buy oranges, then the price will also rise.

Bitcoin and other currencies are slightly different from oranges because they are 'homogeneous' - one dollar identical to another dollar, like Bitcoin identical to other Bitcoin. Oranges, on the other hand, may differ depending on size and quality. In other words, it is easier to determine the price of Bitcoin or currency because of its identical properties.

pareshnakar

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it is not depend on us it is depend on market sometime very high and some time low the people sell bitcoin so price low and other time it will high so bitcoin price is not stable.

meerkatoken

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Quote from: ralle14 on July 31, 2018, 08:35:25 AM

Once Bitcoin becomes more expensive or when the market cap of Bitcoin is more than a trillion that's the time the prices will become stable. It'll be harder for the prices to quickly move at that point because clearing buy and sell orders would take longer than before. Buying more Bitcoin in would slightly help because this drives the price up and don't forget to buy what you can only afford because you have to respect the risks in crypto.

I totally aggree. The only reason why gold and big stocks are more stable is beacuse their market cap is uncomparibly higher. Therefore it is much harder or almost impossible to manipulate those. It can be influenced slightly with a sh"t load of money but not that much that it worth the risk for a huge investor.

Sadly if you have enough money (basically just a couple of million USD) than you can easily generate a 5-10% move in most altcoins. If you are a true whale you can manipulate BTC under a few minutes to each direction.

Bottom line is we need much higher marketcap. As ralle14 said around a trillion. Even then it will be possible to influence price but a much higher risk will be associated for the whale.

Wexnident

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Quote from: redtrus55 on July 31, 2018, 08:14:00 AM

How can we be done so that bitcoin prices become more stable?

Actually, there's nothing to do in the price stability only the system itself can fix it. However, we can't ever predict exactly what will be the value of it until the present time comes. Maybe it can gives the good effects to it when we are keep supporting and patronizing it so it may become much consistent in the market and at the same time there's a possibility that it can produce much better movements. But just a simple reminder that bitcoin value is form in a volatility way therefore the value of it is always fluctuating and typically unstable.

ralle14

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Once Bitcoin becomes more expensive or when the market cap of Bitcoin is more than a trillion that's the time the prices will become stable. It'll be harder for the prices to quickly move at that point because clearing buy and sell orders would take longer than before. Buying more Bitcoin would slightly help because this drives the price up and don't forget to buy what you can only afford because you have to respect the risks in crypto.

KorakPawon

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I think we can not do anything other than pray and always look for information / news tentag bitcoin prices, and see the predictions in the views of the observers, I think that's what we can do because the price of the matter that governs not us it is there which sets the market price.

redtrus55

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How can we be done so that bitcoin prices become more stable?

Topic: How to make bitcoin prices stable? - page 2. (Read 287 times)