Is bitcoin volatility here to stay? - page 12.

EdenHazard

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Quote from: BennyK on August 19, 2019, 11:39:33 PM

The volatility of Bitcoin will be there in the future because Bitcoin price is moved by the demand level on the market. And since Bitcoin is decentralized, no centralized authoritative body have full capabilities of causing stabilized price. The value and price is always determined by the activities of traders, holders and investors of Bitcoin although their activities are sometimes triggered by external factors such as news from influential personalities.

Yes. Bitcoin's volatility will be here to stay and as long as its decentralized in nature, it will change its price from time to time depending on its supply and demand. It will only stop from being volatile once it will be centralized and that imposed regulations will surely lessen its volatility. But to be honest, i prefer bitcoin to be volatile because i know it's the only way that i will make huge chances to earn big.

This even should be stay forever .. noone can control over you .. you are in the right place! A real form of freedom is decentralized.

Unlike any other market that played by authority, even though it's quite controversial about how volatility threat making people fear , especially for those who doesn't love taking any risk. A free market has its own charm , as you said ... it's a huge chances to earn big. Expecting 100% to 5000% in crypto market is a normal thing and everyone know about it! Viva volatility!

ruski

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I think that Bitcoin as a decentralized cryptocurrency will keep its volatility forever. The market and the price aren't controlled by the governments or by any other power, so the price can't be stable someday. That's the case for each decentralized cryptocurrency, not only Bitcoin.

crzy

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Quote from: bitbunnny on August 23, 2019, 08:32:04 AM

Bitcoin is not designed to be stable and I can't see what use would that bring even if it where.

That's because of many investors and believers now it becomes the best asset and best currency online. Bitcoin volatility will become stronger, it will not fade because it will be more active. I don't care about the volatility because I know how to deal with it, traders must also learn that thing. Bitcoin is here to stay for good but don't expect bitcoin to become stable.

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Quote from: buwaytress on August 24, 2019, 12:40:40 PM

Quote from: deisik on August 21, 2019, 04:22:14 AM

It doesn't work that way

Indeed, those who entered Bitcoin in 2009 and didn't quit somewhere between now and then can use these statistics as they reflect their situation. But these early adopters are few and far in between. For the rest of us such stats don't mean a lot. It is our personal gains and losses that count, and whatever those might be, they hardly have anything to do with how many days Bitcoin has been rising

Yeah, I think when people think about early adopters, they always think about the earliest adopters and these were very, very few

And even fewer remain in it (as you note yourself later)

Many so-called early adopters were totally random people (like drug addicts) who got into Bitcoin purely by chance, and most of them had disposed of their bitcoins long ago, likely as early as 2013-2015. I'm actually curious if there are any of these adopters left at all, at least those who got their feet wet with Bitcoin in 2011 (not even speaking of 2009). As this forum shows, there are only a dozen active accounts that old (like theymos and his buddies), while some of them might have been sold (and then resold) in the past

Quote from: buwaytress on August 24, 2019, 12:40:40 PM

I'm a little wise now and I know those numbers don't mean anything in the context of the individual

You're welcome

buwaytress

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Quote from: deisik on August 21, 2019, 04:22:14 AM

It doesn't work that way

Indeed, those who entered Bitcoin in 2009 and didn't quit somewhere between now and then can use these statistics as they reflect their situation. But these early adopters are few and far in between. For the rest of us such stats don't mean a lot. It is our personal gains and losses that count, and whatever those might be, they hardly have anything to do with how many days Bitcoin has been rising

Yeah, I think when people think about early adopters, they always think about the earliest adopters and these were very, very few.

I actually met some of these guys (early adopters) and they were those in it since 2011 at the earliest, more or less the time exchanges were beginning to crop up and mining became an industry in itself. I was surprised when those guys, some of them anyway, gave up last year and I used to think: weren't they around long enough to see the cycle repeat itself at least twice already?

I'm a little wise now and I know those numbers don't mean anything in the context of the individual.

Argoo

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Quote from: Schirer on August 22, 2019, 06:33:13 AM

Regulation.
Stay with me, I will explain. Regulation will need more investors, the more investors can buy bitcoin . Not some derivatives backed by BTC price but hard core Bitcoins. If there is more investors, there are money in market, the more money in market - less volatility.

I do not think that the number of investors in the market will somehow influence the level of price volatility. Today they are investors, and tomorrow there will be sellers. Demand and supply will change strangely, and therefore the volatility of Bitcoin and other decentralized cryptocurrencies will always remain. This is a huge advantage and at the same time a huge disadvantage of cryptocurrency.

jhonjhon

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Sure does, volatility is the main reason why bitcoin is popular to many because it can give higher returns when handled correctly though it has high risk but with bitcoins performance for a couple of years, it is worth the risk. Regardless of the government trying to control or even ruin it bitcoin’s volatility is here to stay no matter what.y

Jackblack90909

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Yes, Bitcoin volatility is here to stay, because it is a decentralized currency and the price isn't controlled by governments or banks, so it will keep going up and down all the time, almost. That's the case for all decentralized cryptocurrencies.
By the way, I believe volatility isn't a bad thing for BTC, because it is motivating more people to buy and hold it for the long term.

daneal stev

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Certainly the volatility will remain and Bitcoin will
see a big rise and I hope it will be $ 20,000

JohnBitCo

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Quote from: BennyK on August 19, 2019, 11:39:33 PM

The volatility of Bitcoin will be there in the future because Bitcoin price is moved by the demand level on the market. And since Bitcoin is decentralized, no centralized authoritative body have full capabilities of causing stabilized price. The value and price is always determined by the activities of traders, holders and investors of Bitcoin although their activities are sometimes triggered by external factors such as news from influential personalities.

Yes. Bitcoin's volatility will be here to stay and as long as its decentralized in nature, it will change its price from time to time depending on its supply and demand. It will only stop from being volatile once it will be centralized and that imposed regulations will surely lessen its volatility. But to be honest, i prefer bitcoin to be volatile because i know it's the only way that i will make huge chances to earn big.

Nobody wants Bitcoin to become centralized as the main concept of bitcoin popularity and introduction was a de-centralized currency. We all want bitcoins to be a little bit stable but still retain its decentralized nature

I know the traders like bitcoin to remain volatile to they be able to make profits but do you know how many traders are there who are in loss because of this volatility. Due to this volatility many business avoid using bitcoins to perform transactions.

Vishnu.Reang

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For those who don't like the volatility of Bitcoin, there are dozens of stablecoins available to invest with. Volatility is an integral component of the Bitcoin ecosystem and it is not possible to eliminate it. Especially if removing volatility means having a stable exchange rate against a fiat currency such as the United States Dollar, which is not protected against inflation.

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Quote from: bitbunnny on August 23, 2019, 08:32:04 AM

I don't think that volatility is going to disappear, it's one of the main characteristics of Bitcoin. And I don't see how anyone or anything could influence on it to change it. From time to time, depending on situation in the market volatility isn't so visible but it's always there.
Bitcoin is not designed to be stable and I can't see what use would that bring even if it where.

The most possible thing we can do with the volatility is to reduce it, but it will say.
Its volatility would reduce if the adoption will increase because it will spread out the supply of BTC to different users.
At this early stage we are, there are only few who holds a big portion of the total supply and hence they can move that price which makes bitcoin highly volatile. I'm sure you are aware of the price manipulation here, so until that is still possible, that high volatility would remain.

bitbunnny

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I don't think that volatility is going to disappear, it's one of the main characteristics of Bitcoin. And I don't see how anyone or anything could influence on it to change it. From time to time, depending on situation in the market volatility isn't so visible but it's always there.
Bitcoin is not designed to be stable and I can't see what use would that bring even if it where.

imstillthebest

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Quote from: Schirer on August 22, 2019, 06:33:13 AM

Regulation.
Stay with me, I will explain. Regulation will need more investors, the more investors can buy bitcoin .

You mean regulation makes btc attractive ? To some yes but for most no because they prefer bitcoin the way it was meant to be .

Quote

If there is more investors, there are money in market, the more money in market - less volatility.

I dont think that more money will result to being less volatility . more money means the value of btc will pump , most people will only sees that as a good opurtunity to sell so the value will drop rapidly ,the decrease of the price will also be an opportunity for the people to buy. see ? The value is still up and down . not stable

Schirer

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Regulation.
Stay with me, I will explain. Regulation will need more investors, the more investors can buy bitcoin . Not some derivatives backed by BTC price but hard core Bitcoins. If there is more investors, there are money in market, the more money in market - less volatility.

deisik

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Quote from: freedomgo on August 21, 2019, 10:31:04 PM

LN is the solution to make a cheap and faster transaction, while stable coins is the solution for volatility

It is not a solution for volatility

Obviously, you seem to mean that you can use stable coins to hedge the value of your crypto assets against the adverse effects of volatility. Yes, you can use them, but then you can just as easily use the good old American dollar and get done with that as well as the issues that stable coins themselves may cause

Actually, the dollar would be a by far better choice in this regard but for the overhead costs involved in moving fiat to and out of exchanges (that's basically why stable coins emerged in the first place). To put it differently, stable coins are not a remedy for volatility simply because they are not affecting it in any imaginable way

freedomgo

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Quote from: bryant.coleman on August 21, 2019, 10:11:58 PM

Quote from: freedomgo on August 19, 2019, 12:56:47 AM

Quote from: bryant.coleman on August 18, 2019, 11:07:30 AM

Is Bitcoin volatility such a bad thing?

It wasn't because BTC can be both a good currency and investment at the same time.
If people will not use BTC because they are worried of its volatility then we can find a solution for that, the LN would be a good one though.
On the other hand, for people who are willing to invest, volatility would not be problem, besides this volatility that we are witnessing has been serving different users in the space, especially the day traders.

From what I have seen so far, I'd say that volatility is good for those who make investment and even for those who do trading. On the other hand, it can create issues for those users who want Bitcoin as a payment medium. Merchants who accept payments in Bitcoin will be at the risk of the value of their coins going down significantly in a short period of time (if I am not wrong, this has already happened with Overstock).

But long-term holders don't need to worry about it. Although there is volatility in the market, in the long term the prices are definitely going to go up. So in case someone holds the coins for 3-4 years, the chances are that he'll end up with a good profit. The same can't be said about those noobs who want to get rich in 6 months. There is no guarantee that the prices will remain higher after such short durations.

If people will be aware on the stable coins, volatility would not be problem, if they receive bitcoin, they just right away with stable coin and then their money is safe. That's why altcoins will remain useful even BTC continues the dominance as it's impossible for BTC to exist as a payment system with the help of altcoins. Just more awareness and they will figure out how to handle the volatility.

LN is the solution to make a cheap and faster transaction, while stable coins is the solution for volatility.

bryant.coleman

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Quote from: freedomgo on August 19, 2019, 12:56:47 AM

Quote from: bryant.coleman on August 18, 2019, 11:07:30 AM

Is Bitcoin volatility such a bad thing?

It wasn't because BTC can be both a good currency and investment at the same time.
If people will not use BTC because they are worried of its volatility then we can find a solution for that, the LN would be a good one though.
On the other hand, for people who are willing to invest, volatility would not be problem, besides this volatility that we are witnessing has been serving different users in the space, especially the day traders.

From what I have seen so far, I'd say that volatility is good for those who make investment and even for those who do trading. On the other hand, it can create issues for those users who want Bitcoin as a payment medium. Merchants who accept payments in Bitcoin will be at the risk of the value of their coins going down significantly in a short period of time (if I am not wrong, this has already happened with Overstock).

But long-term holders don't need to worry about it. Although there is volatility in the market, in the long term the prices are definitely going to go up. So in case someone holds the coins for 3-4 years, the chances are that he'll end up with a good profit. The same can't be said about those noobs who want to get rich in 6 months. There is no guarantee that the prices will remain higher after such short durations.

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Quote from: BennyK on August 19, 2019, 11:39:33 PM

The volatility of Bitcoin will be there in the future because Bitcoin price is moved by the demand level on the market. And since Bitcoin is decentralized, no centralized authoritative body have full capabilities of causing stabilized price. The value and price is always determined by the activities of traders, holders and investors of Bitcoin although their activities are sometimes triggered by external factors such as news from influential personalities.

Okay, how about when the supply becomes limited, or have you forgotten that bitcoin is designed to have a limited supply?
And this is why many people believe that bitcoin will eventually be the nest digital gold I future become that time, the price would have become more stable ad hardly would you see much volatility, and then, bitcoin will also serve as a stable coin even if it is not design like the usual stable coin that we know.

So you can never say that bitcoin volatility will continue in future, it will surely end someday, maybe when the whole 21 million bitcoin has been completely mined. So, I will tell the op that the volatility of bitcoin is not here to stay permanently, so we better take advantage of it now while it last.

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Quote from: bryant.coleman on August 18, 2019, 11:07:30 AM

Is Bitcoin volatility such a bad thing? BTC has been in existence for 3,800+ days. Out of this number the prices went up 92% of the time. That means that for every single day the prices went down, there were on average 11 days when the prices went up. Most of those who invested in Bitcoin ever since 2009 ended up in profit and the few exceptions remain for those who purchased during the 4th quarter of 2017

It doesn't work that way

Indeed, those who entered Bitcoin in 2009 and didn't quit somewhere between now and then can use these statistics as they reflect their situation. But these early adopters are few and far in between. For the rest of us such stats don't mean a lot. It is our personal gains and losses that count, and whatever those might be, they hardly have anything to do with how many days Bitcoin has been rising

As the famous saying popularized by Mark Twain goes, there are three kinds of lies, with statistics being the worst kind. Really, if Bitcoin was rising for, say, 100 days and then lost all its gains within just a single day (a very common situation in cryptocurrencies), can we say that these stats are not in fact a thoroughly concealed lie as they can push people into making rash decisions if taken seriously?

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