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Topic: Is bitcoin too volatile? (Read 7980 times)

newbie
Activity: 23
Merit: 0
January 25, 2015, 11:34:26 AM
bitcoin is not volatile, and it's value is not volatile, only the price is volatile
I believe in the technology to a point, but for it to be a widely accepted currency it needs to be fairly stable.  Would you accept your paycheck only in BTC at this point?  Could you survive only using it to exchange for goods & services instead of your local fiat? 

hero member
Activity: 700
Merit: 501
January 25, 2015, 10:58:29 AM
bitcoin is not volatile, and it's value is not volatile, only the price is volatile

You are implying Bitcoin has inherent value regardless price.
So how do you set Bitcoin's purchasing power if you are saying its not volatile? one day you can buy a house with your Bitcoin, the other only a car.
Its volatile, price and purchasing power is all that matters at the end of the day.
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
January 25, 2015, 09:38:53 AM
bitcoin is not volatile, and it's value is not volatile, only the price is volatile
newbie
Activity: 24
Merit: 0
January 25, 2015, 09:25:56 AM
At this point it without a doubt is too volatile. But we are still in a early stage.
newbie
Activity: 23
Merit: 0
January 25, 2015, 06:58:06 AM
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

A swizz employee living in france got his spending power increased by 30 % last week. A french empoloyee living in Schweiz got his spending power reduced. Only regulated currencies, no bitcoins involved. Regulators can not fix that, any more than daytraders. Probably, the market can do the regulation better. Stable value of money is an illusion, has always been.

Merhaba Erdogan, I lived in Turkey for 3 years and as economies go, you have a unfortunate base economic reference.  I appreciate that you have suffered through some of the worst economic times that most people can't even imagine.  In the US the landlord or mortgage company want their money on time and on value.  They aren't interested in spending power, they want $$$.

I don't live in Turkey, I just run it. Smiley

Do you live in Germany or Austria?

I could tell you, but I prefer to be maximally anonymous here, so I can express myself freely. Anyway, a friend of a friend is hired by a swiss company, but lives in france.


Understood, Barış seninle olsun
legendary
Activity: 1512
Merit: 1005
January 25, 2015, 06:52:57 AM
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

A swizz employee living in france got his spending power increased by 30 % last week. A french empoloyee living in Schweiz got his spending power reduced. Only regulated currencies, no bitcoins involved. Regulators can not fix that, any more than daytraders. Probably, the market can do the regulation better. Stable value of money is an illusion, has always been.

Merhaba Erdogan, I lived in Turkey for 3 years and as economies go, you have a unfortunate base economic reference.  I appreciate that you have suffered through some of the worst economic times that most people can't even imagine.  In the US the landlord or mortgage company want their money on time and on value.  They aren't interested in spending power, they want $$$.

I don't live in Turkey, I just run it. Smiley

Do you live in Germany or Austria?

I could tell you, but I prefer to be maximally anonymous here, so I can express myself freely. Anyway, a friend of a friend is hired by a swiss company, but lives in france.
newbie
Activity: 23
Merit: 0
January 25, 2015, 06:49:00 AM
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

A swizz employee living in france got his spending power increased by 30 % last week. A french empoloyee living in Schweiz got his spending power reduced. Only regulated currencies, no bitcoins involved. Regulators can not fix that, any more than daytraders. Probably, the market can do the regulation better. Stable value of money is an illusion, has always been.

Merhaba Erdogan, I lived in Turkey for 3 years and as economies go, you have a unfortunate base economic reference.  I appreciate that you have suffered through some of the worst economic times that most people can't even imagine.  In the US the landlord or mortgage company want their money on time and on value.  They aren't interested in spending power, they want $$$.

I don't live in Turkey, I just run it. Smiley

Do you live in Germany or Austria?
legendary
Activity: 1512
Merit: 1005
January 25, 2015, 06:43:37 AM
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

A swizz employee living in france got his spending power increased by 30 % last week. A french empoloyee living in Schweiz got his spending power reduced. Only regulated currencies, no bitcoins involved. Regulators can not fix that, any more than daytraders. Probably, the market can do the regulation better. Stable value of money is an illusion, has always been.

Merhaba Erdogan, I lived in Turkey for 3 years and as economies go, you have a unfortunate base economic reference.  I appreciate that you have suffered through some of the worst economic times that most people can't even imagine.  In the US the landlord or mortgage company want their money on time and on value.  They aren't interested in spending power, they want $$$.

I don't live in Turkey, I just run it. Smiley
newbie
Activity: 23
Merit: 0
January 25, 2015, 06:35:50 AM
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

A swizz employee living in france got his spending power increased by 30 % last week. A french empoloyee living in Schweiz got his spending power reduced. Only regulated currencies, no bitcoins involved. Regulators can not fix that, any more than daytraders. Probably, the market can do the regulation better. Stable value of money is an illusion, has always been.

Merhaba Erdogan, I lived in Turkey for 3 years and as economies go, you have a unfortunate base economic reference.  I remember when $1USD = 1,200,000 TL  I appreciate that you have suffered through some of the worst economic times that most people can't even imagine.  In the US the landlord or mortgage company want their money on time and on value.  They aren't interested in spending power, they want $$$.
legendary
Activity: 1512
Merit: 1005
January 25, 2015, 05:57:44 AM
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(

A swizz employee living in france got his spending power increased by 30 % last week. A french empoloyee living in Schweiz got his spending power reduced. Only regulated currencies, no bitcoins involved. Regulators can not fix that, any more than daytraders. Probably, the market can do the regulation better. Stable value of money is an illusion, has always been.
newbie
Activity: 23
Merit: 0
January 25, 2015, 01:16:10 AM
#99
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
To be widely accepted bitcoin needs to settle down. People want their currency value to remain stable, not fluctuate wildly like a commodity stock.  Imagine if your paycheck was paid only in bitcoins and you would gain or loose 30% of it's value week to week.  Could you pay your rent, mortgage, car & health insurance or buy groceries? Sorry kids, we don't eat this week:(
legendary
Activity: 1582
Merit: 1064
January 25, 2015, 01:04:49 AM
#98
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.

Regulation is anathema to Bitcoin. Better to have a volatile, unregulated cryptocurrency than a stable, regulated one.
hero member
Activity: 770
Merit: 509
January 24, 2015, 08:29:37 AM
#97
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.
hero member
Activity: 896
Merit: 1000
January 24, 2015, 05:03:56 AM
#96
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.

BTC is the dominate currency at the moment. When it becomes bigger, it will be stable against other fiats.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
January 24, 2015, 02:10:35 AM
#95
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
legendary
Activity: 2044
Merit: 1005
January 20, 2015, 10:57:13 PM
#94
the funny thing about volatility is that you never see anyone complaining about it when the direction is up.

True enough. Of course, why would anyone complain on getting a profit?  Grin Up or down, volatility is a problem because it scares off future users.
Actually bullish volatility does morr harm than bearish volatility from a consumer perspective who chooses to accept bitcoin im ecommerce apps. You dont want to be left holding a bag up top
sr. member
Activity: 406
Merit: 250
AltoCenter.com
January 19, 2015, 07:50:49 AM
#93
It was always the case with bitcoin and volatility will be tagged with bitcoin as long as it remains in the market. I guess, that's something we have to live with.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
January 17, 2015, 04:04:52 PM
#92
the funny thing about volatility is that you never see anyone complaining about it when the direction is up.

True enough. Of course, why would anyone complain on getting a profit?  Grin Up or down, volatility is a problem because it scares off future users.
legendary
Activity: 3248
Merit: 1070
January 17, 2015, 04:11:44 AM
#91
yes, it's too "hacker volatile", exchange should adopt a more secure system, less hole ecc...

they are also the one that caused the dumping
legendary
Activity: 2296
Merit: 1031
January 17, 2015, 03:11:34 AM
#90
No, it's not too volatile.  It's actually well within reason and there are many profiting from the price swings.  BTC isn't going anywhere.  The only way it would be too volatile is if it were to vanish.
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