I don't like this stable price! - page 5.

WinslowIII

member

Activity: 308

Merit: 35

Quote from: xuan87 on October 14, 2018, 06:20:12 PM

I agree that if the price can't be stable it will be difficult to be adopted by the store but it will be difficult to make crypto become stable, crypto is a decentralized currency the market will keep on moving and caused the price repeatedly gonuo and down, maybe a mass adoption could decrease the volatility, but it can't be too stable

If bitcoin were to remain perfectly stable with fiat from here forth, then what would the point of having any be? Banks pay about 2% interest these days, bitcoin holders get no interest.

xuan87

legendary

Activity: 1666

Merit: 1001

I agree that if the price can't be stable it will be difficult to be adopted by the store but it will be difficult to make crypto become stable, crypto is a decentralized currency the market will keep on moving and caused the price repeatedly gonuo and down, maybe a mass adoption could decrease the volatility, but it can't be too stable

WinslowIII

member

Activity: 308

Merit: 35

Quote from: gentlemand on October 14, 2018, 05:54:27 PM

There could be a whole lot of nothing ahead of us before a decisive direction is taken. As it stands we have no real idea where we're at in terms of boom and bust cycles especially as for the first time traditional markets are looking pretty weak.

There seem to be a lot of people expecting a blow by blow rerun of previous bubbles which doesn't seem realistic to me. This was one was way huger than the previous one with a ton more people and a ton more hot air yet to blow off completely. It would be nice if this was the boring endless sideways phase before an eventual slow rise again sometime in the next year or two but that all feels a little too neat to me.

Could it be a chunk lower in 3-6 months? I would not be shocked. It seems inconceivable to some now but I've always been amazed at the speed that something formerly inconceivable becomes the new norm within a week or two.

Its a predictable blow by blow rerun of previous bubbles because of the halvings in supply every 4 years. The only thing that is going to stop it is a failure in significant use cases.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: BitHodler on October 14, 2018, 06:02:02 PM

In other words, we're far from our ideal picture where Bitcoin functions as currency.

Does anyone honestly expect it to become an everyday currency? I never have.

I expect merchant options to continue contracting until options are possibly narrower than they were in 2014/15. If it isn't current boredom now it was the incredibly high fees and network cloggage when things were hotter that turned customers and merchants off.

If Bitcoin ever becomes vast and vastly more stable then perhaps its use for payments will start to increase. Until then it's going to be an extremely variable sideshow.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: omonuyak on October 14, 2018, 02:40:34 PM

However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.

Stability might look like it's needed to attract that type of adoption, but we're proven wrong with how payment processors experience record lows in terms of actual revenue and usage.

People aren't comfortable spending their coins during stable time frames, especially not during a bear market. Every corner of the industry is suffering from it and there is no way to stop it as long as we aren't going up.

Most of the spending happens when the price moves up with how easy of an option it is to cash out your coins without being taxed. In other words, we're far from our ideal picture where Bitcoin functions as currency.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

There could be a whole lot of nothing ahead of us before a decisive direction is taken. As it stands we have no real idea where we're at in terms of boom and bust cycles especially as for the first time traditional markets are looking pretty weak.

There seem to be a lot of people expecting a blow by blow rerun of previous bubbles which doesn't seem realistic to me. This was one was way huger than the previous one with a ton more people and a ton more hot air yet to blow off completely. It would be nice if this was the boring endless sideways phase before an eventual slow rise again sometime in the next year or two but that all feels a little too neat to me.

Could it be a chunk lower in 3-6 months? I would not be shocked. It seems inconceivable to some now but I've always been amazed at the speed that something formerly inconceivable becomes the new norm within a week or two.

kumiskura

full member

Activity: 632

Merit: 122

Quote from: Quidat on October 14, 2018, 04:57:33 PM

Quote from: WinslowIII on October 14, 2018, 04:00:51 PM

Give it time, it will be dumped down where you want it next year - maybe not $1500 but for sure $3k range. Then you can look forward to the next pump 2021.

That's way too far to happen if it will ever dump because if you can see how bitcoin reacted to every FUD or let's just say someone was manipulating again to the prices of bitcoin. It just moves too slow and yet it was still recovering so as you can see the stability is beyond normal because it isn't stable yet.

If Bitcoin does not get dump to that level next year or two years later, the probability for it to get dumped to around that level is 0 because miner expenses are huge, and i believe peoples won't let them off too far. Even if when manipulation at its finest, they probably won't let them away because we need them to run the chain.
also lately Bitcoin did not react as it used to be when FUD comes, that means peoples were good enough handling their emotion when that thing happened. But the problem here is manipulation, Bitcoin gets manipulated so heavily. There was no news happening but the price went down, it's like someone trying to hold its horse and force it to back off whenever it started to make a recovering.

Question123

sr. member

Activity: 1624

Merit: 267

Stable price is still good because you can buy more bitcoin now and once the price increase you will earn profit. I don't think the value will dump with that price. And Im sure of that even not this year 2018 bitcoin become 20,000 atleast next year 2019 they will hit that again .

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: WinslowIII on October 14, 2018, 04:00:51 PM

Give it time, it will be dumped down where you want it next year - maybe not $1500 but for sure $3k range. Then you can look forward to the next pump 2021.

That's way too far to happen if it will ever dump because if you can see how bitcoin reacted to every FUD or let's just say someone was manipulating again to the prices of bitcoin. It just moves too slow and yet it was still recovering so as you can see the stability is beyond normal because it isn't stable yet.

WinslowIII

member

Activity: 308

Merit: 35

Give it time, it will be dumped down where you want it next year - maybe not $1500 but for sure $3k range. Then you can look forward to the next pump 2021.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

A pullback of $1500 is not gonna happen, And bitcoin is not stable at all and it's not gonna happen either until we can see the last block get mined it is just moving in a slow pace whether it is up or down, But in a stable price just like fiat currency is not bitcoins vocabulary at the time, Well that is why many banks don't consider it in their adoption list, And so many don't seems to like the bearish market at the moment however I really think we can sure see a pump in the near future so for now make your way in acquiring a lot of bitcoin for now.

omonuyak

sr. member

Activity: 882

Merit: 269

For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.

Topic: I don't like this stable price! - page 5. (Read 991 times)