Is it really a benefit that nobody controls the price? - page 3.

TheUltraElite

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So anyway, I applied as a merit source :)

The fact that volatility is there does not necessarily change the price of the article being sold by the merchant by an extent that it need a huge price adjustment.

Say bitcoin was priced at 60k USD and now dropped to 55k USD in 2 days. What is the percentage drop in price? 8.33% so if your article was priced at 10 dollars, the new price of the same will rise by 8.33% to keep the USD value of the article same when someone buys it. That makes it hardly a dollar more to an exact of 10.83$ to buy it with bitcoin at the lowered price.

That is considering the huge price drop that happened in the last two days, if that happens once again then only this situation arises. Of course you may say that a dollar extra means a huge amount in your local currency, which in my case it is, but I consider that there are alternative methods to bypass this issue.

For example they can change to default USD prices when the price surges are more than +/-5%. Cool

DarkDays

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Quote from: Maslate on March 13, 2021, 09:50:02 AM

We can really appreciate the benefits we got in a decentralized market. Traders, investors love it because there is no such market manipulation to happen.

You can never say with 100% accuracy that no one person can control the market. It all depends on the market, it's liquidity and how rich the person is.

In theory, with a low market cap coin, manipulations of market prices as I'm sure you all have seen are possible. Being decentralised doesn't mean you can't influence the price in the direction you want - people can, and have done it before. What decentralisation means is that it makes it increasingly harder for such manipulation to occur unlike in traditional centralised markets.

And is that a benefit? Let me just say to you that one person with all the power is not a good thing, never has been, so decentralised market makers etc is much better than the alternative.

batang_bitcoin

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Quote from: Negotiation on March 14, 2021, 03:30:43 AM

It's really a matter of many benefits that no one can control the price of crypto make capital by investing as they wish and manages the currencies at will part of the profit is not to be shared with anyone if the government controlled then the government has to subsidize. Everything will be run according to the government it is very good news to all traders that crypto is not controlled by anyone.

That's what decentralization is all about, to avoid any intervention and control by the government. If merchants wishes to accept crypto then they know the risk that it has and one characteristic that it has too. And that is to accept its volatility, price varies from time to time and it's quickly happening. The third party providers have made that solution for merchants to avoid the possible losing value of the coins that they have received and one TP is like Bitpay.

Negotiation

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It's really a matter of many benefits that no one can control the price of crypto make capital by investing as they wish and manages the currencies at will part of the profit is not to be shared with anyone if the government controlled then the government has to subsidize. Everything will be run according to the government it is very good news to all traders that crypto is not controlled by anyone.

Fatunad

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Quote from: geegaw on March 13, 2021, 11:59:40 AM

Quote from: k@suy on March 13, 2021, 09:30:55 AM

Quote from: zanezane on March 09, 2021, 12:14:52 AM

Yes it is a benefit that nobody controls the prices, if it were the opposite, the one who controls will be able to sway the market whenever it suits their purposes. If nobody controls the prices, competition is feasible and people are going to be a willing participant in the market because they know that no one is in control of the prices, although having the market not having no one controlling it has its own problem and that is that one big enough group or individual could manipulate the market to a certain extent but that can be detected and can be condemned unlike when someone controls the market where they can just say that it is what it is.

I do believe also that it is much beneficial that no one have control over the price, no one gonna assign a certain amount of value of bitcoin especially but the drawback of this was the unpredictable and the volatility of cryptocurrency which is highly dependable on the demand and supply of the cryptocurrency itself. But the most beneficial i think that nobody controls the price was the freedom of the traders and investors to apply the tactics and strategies they have without following the certain rules.

Indeed, when no one controls the price, these investors will have more opportunities to earn a huge mountain of gold because the measure of value has disappeared from the market, there is no rule of value in this market, it can go to whatever level it wants as long as the whole market comes together and pushes the price up. A large set of giants will also not be able to control the value here, they are just focusing on people's psychology, where is people's needs, they will increase to that level and sometimes people's needs are too high, they will break it with a light wave

Big players or investors here would definitely be having some impact but not to that certain extent that they would really affect the market on severe manner but somehow the trend will always vary because when emotion do sets in then it would really giving out that kind of possibility for a huge market flip out. No one can really control up this market but big players could really make out some significant effects if they intent neither to buy or sell their huge holdings.

geegaw

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Quote from: k@suy on March 13, 2021, 09:30:55 AM

Quote from: zanezane on March 09, 2021, 12:14:52 AM

Yes it is a benefit that nobody controls the prices, if it were the opposite, the one who controls will be able to sway the market whenever it suits their purposes. If nobody controls the prices, competition is feasible and people are going to be a willing participant in the market because they know that no one is in control of the prices, although having the market not having no one controlling it has its own problem and that is that one big enough group or individual could manipulate the market to a certain extent but that can be detected and can be condemned unlike when someone controls the market where they can just say that it is what it is.

I do believe also that it is much beneficial that no one have control over the price, no one gonna assign a certain amount of value of bitcoin especially but the drawback of this was the unpredictable and the volatility of cryptocurrency which is highly dependable on the demand and supply of the cryptocurrency itself. But the most beneficial i think that nobody controls the price was the freedom of the traders and investors to apply the tactics and strategies they have without following the certain rules.

Indeed, when no one controls the price, these investors will have more opportunities to earn a huge mountain of gold because the measure of value has disappeared from the market, there is no rule of value in this market, it can go to whatever level it wants as long as the whole market comes together and pushes the price up. A large set of giants will also not be able to control the value here, they are just focusing on people's psychology, where is people's needs, they will increase to that level and sometimes people's needs are too high, they will break it with a light wave

Maslate

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We can really appreciate the benefits we got in a decentralized market. Traders, investors love it because there is no such market manipulation to happen. This the reason why crypto supporters never wanted to make the government-controlled this. Because if that will happen, we can no longer make a huge profit anymore. And that volatility seems nothing to see anymore, we can't do the "buy low and sell high" and the future will lie in the hands of the controller.

Furious 7

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Quote from: CryptopreneurBrainboss on March 08, 2021, 11:33:01 PM

Quote from: ?? on ??

The price of cryptocurrency on an exchange I think no one controls it because the movement of cryptocurrency prices like bitcoin is purely from the interaction between buyers and sellers at the exchange, when many people want to buy bitcoin, the price will be easy to go up, you can see the history of bitcoin prices from the start created and this year it can reach a very expensive price so the price of bitcoin is out of control.

How sure are you that you're trading with another user and not interacting with bots. The cryptocurency market is so not mature for us not to think it's not been manipulated. Manipulating is also control, anyone that has the power to manipulate you into doing what you didn't initially intended to do like buying a particular coin or selling it, is controlling you and that's what we're experiencing in the market.

The controls aren't direct so it seems nothing is going on beneath but that's not the case as the whales and probably some exchange are having their impact felt on the market, making decisions that when aired brings about fear or fomo into the market which is one of the reasons the market is so volatile.

Because the price of bitcoin continues to rise, maybe also because the supply is now getting less and more market demand, so from year to year there must be a change even though sometimes the price fluctuates greatly.

Actually, we never know how this manipulation occurs by the big whales who have strong control in the market which can cause prices to always change with some of the news they spread so we must realize that all is a little interference from the whales who have great power therefore the market will remain controlled by them but not significantly and what is clear is that the supply in the market makes prices skyrocket even though FOMO often occurs.

k@suy

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Quote from: zanezane on March 09, 2021, 12:14:52 AM

Yes it is a benefit that nobody controls the prices, if it were the opposite, the one who controls will be able to sway the market whenever it suits their purposes. If nobody controls the prices, competition is feasible and people are going to be a willing participant in the market because they know that no one is in control of the prices, although having the market not having no one controlling it has its own problem and that is that one big enough group or individual could manipulate the market to a certain extent but that can be detected and can be condemned unlike when someone controls the market where they can just say that it is what it is.

I do believe also that it is much beneficial that no one have control over the price, no one gonna assign a certain amount of value of bitcoin especially but the drawback of this was the unpredictable and the volatility of cryptocurrency which is highly dependable on the demand and supply of the cryptocurrency itself. But the most beneficial i think that nobody controls the price was the freedom of the traders and investors to apply the tactics and strategies they have without following the certain rules.

jostorres

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Quote from: SapphireSpire on February 18, 2021, 03:07:53 PM

If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.

Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.

2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.

This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.

That’s not going to work, if they wanted to, then they would have done that. And moreover if they start doing such a thing, then where is the freedom that cryptocurrency has to offer? Cryptocurrency is all about decentralization and freedom and you shouldn’t be limiting people from what they want to do.

Moreover I don’t think that any exchange will be ready to be doing such a thing, when they know very well that what they are doing is business and if they should try such a thing it’s going to make them lose traders to exchanges that doesn’t place such limit on traders. So, they are not going to be doing it. The best thing for you as a merchant to always convert to fiat or stablecoin after you get paid

zanezane

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Yes it is a benefit that nobody controls the prices, if it were the opposite, the one who controls will be able to sway the market whenever it suits their purposes. If nobody controls the prices, competition is feasible and people are going to be a willing participant in the market because they know that no one is in control of the prices, although having the market not having no one controlling it has its own problem and that is that one big enough group or individual could manipulate the market to a certain extent but that can be detected and can be condemned unlike when someone controls the market where they can just say that it is what it is.

CryptopreneurBrainboss

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Quote from: ?? on ??

The price of cryptocurrency on an exchange I think no one controls it because the movement of cryptocurrency prices like bitcoin is purely from the interaction between buyers and sellers at the exchange, when many people want to buy bitcoin, the price will be easy to go up, you can see the history of bitcoin prices from the start created and this year it can reach a very expensive price so the price of bitcoin is out of control.

How sure are you that you're trading with another user and not interacting with bots. The cryptocurency market is so not mature for us not to think it's not been manipulated. Manipulating is also control, anyone that has the power to manipulate you into doing what you didn't initially intended to do like buying a particular coin or selling it, is controlling you and that's what we're experiencing in the market.

The controls aren't direct so it seems nothing is going on beneath but that's not the case as the whales and probably some exchange are having their impact felt on the market, making decisions that when aired brings about fear or fomo into the market which is one of the reasons the market is so volatile.

chikading2016

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I think that is a big benefit that no one can control the price, because if someone has a price control the benefit or profit will only fall in thier hands and everyone will not become interested in cypto, people feel excitement in cypto because it has an amazing and unknown amount of profit that we can get from our investment,trading,etc,.

kramchers

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Quote from: SapphireSpire on February 18, 2021, 03:07:53 PM

I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?

Solution- price limits!

If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.

Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.

2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.

This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.

I think you misunderstood about the effect when Bitcoin move its price value in the market.
Perhaps, you have an idea that when Bitcoin rise up in the market, most of the altcoins or cryptocurrency
took advantage of it to pump their coin but not all of them doing it. In short, the volatility reacts when the price of Bitcoin
move depending on how the community support it, this was my thoughts and understanding about in your topic anyway.

wxa7115

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Bitcoin is GOD

Quote from: ?? on ??

The price of cryptocurrency on an exchange I think no one controls it because the movement of cryptocurrency prices like bitcoin is purely from the interaction between buyers and sellers at the exchange, when many people want to buy bitcoin, the price will be easy to go up, you can see the history of bitcoin prices from the start created and this year it can reach a very expensive price so the price of bitcoin is out of control.

While no one can control bitcoin there are without a doubt powerful actors that can in fact manipulate its price somewhat and without a doubt exchanges are part of the short list of entities that can do this.

This is why we need decentralized exchanges that are truly decentralized, not only this will diminish the power of the current exchanges but this will also help diminish the risk of governments eventually going after exchanges and getting all of their coins in an attempt to plunder their coins, if they tried this in a decentralized exchange that was noncustodial they will have no chance to get your coins regardless of what they do.

cyriljundos

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Quote from: SapphireSpire on February 18, 2021, 03:07:53 PM

I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?

Solution- price limits!

If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.

Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.

2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.

This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.

we know that trading bitcoin and other alternative coins in market is uncontrollable, if there is whale and controlling that specific price of coin it is normal because its a business and technique to gain higher profit by controlling the price it will be same as in other markets, there should be balance in the market in price.

Sinjokubhi

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Sinjokubhi

Quote from: dunfida on February 18, 2021, 04:07:42 PM

Quote from: DoublerHunter on February 18, 2021, 03:16:39 PM

^ You did not probably fully understand what is the function of BTC and how affects the price to become volatile.
Because BTC has a fixed amount and the price varied on the demand and supply in the market cap. Once the demand will increase, it means the supply becomes less which in turn to BTC becomes expensive and the price was pegged into a dollar-based value. Nevertheless, it is impossible that you mean BTC will become stable in price, the price will always be fluctuated due to massive traders of altcoins in BTC pairs.

Simple Economics class/subject would really tell you everything.I dont know why there are people whom do really talk about bitcoins stable price?
It wont happen no matter what angle we are trying to look at and dont know whats up their basis on saying up those words.

When you do get engage with crypto then you should be aware on the risk.Volatility issue? this might be a problem for some but for those who do
look for opportunity then this would be a good recipe.

Yups, paying attention to the risks of any action or work to be taken is a good recipe. With this, we will be more vigilant and careful in doing so. Since so many people start right away with what can be said to be big (as traders), they don't pay attention to the consequences and the risks. This usually happens to a beginner, where they only think about the profit that will be obtained, and immediately dive into the world of trading openly without knowing how they will face the risk of future losses. Everything must be faced with preparation, such as knowledge about trading or what we should do as traders, before going straight to the world of trading.

Because with preparation, we will not easily panic if we face risks that will or are happening. It's like facing a price drop on our crypto assets. And with our knowledge we will not be easily consumed by fake news or fake brokers who lure huge profits. Many of these beginners get caught in the trap and end up losing or losing their assets. Therefore, before entering or plunging into the realm of trading, it is necessary to have sufficient knowledge to manage it later.

konflikkastil

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That is the advantages crypto has that has made lot of people to want to deal with BTC and other altcoins. This is not regulated by any financial banking system and much reason some govt are going against the growth and rapid changes digital currencies has seen. When we think about it very carefully, we will know that it is a leverage and the price is not control by anybody, but just by the number of demand. If more people are demanding for it the price will definitely goes up and it will keep going up. A major increase in the price can turn someone's life around and a little drop some turn a millionaire to a thousandnaire.

Lordhermes

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In the past, arbitrage trading was populous among traders where buying cheaper at other exchange and sell higher at another exchange, this brought problem of market cheaters, while leaving the price of Bitcoin unstable and disstabilised, on a normal order, the prices on other exchange is suppose to be the same or must have a slight different in price, so conclusively, the market price is controlled on demand and supply, not manipulated in anybody.

wxa7115

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Bitcoin is GOD

Quote from: skarais on February 27, 2021, 01:57:04 PM

OP, you should know that bitcoin is a decentralized cryptocurrency. This is unlike most other currencies which can be controlled by the authorities or the government. We have bitcoin to remove centralization from the nature of its common currency. If you are bothered by the volatility of bitcoin price, then you are not advised to accept it as a means of payment for the business you are developing.

You may be one of those people who find it difficult to adopt bitcoin as a mean of payment because of its volatility, but there is nothing to worry about because this is your choice. If you don't like volatility, then use stablecoin as a mean of payment.

But that is precisely what he does not want to accept, this reminds me of many articles that I read about economists that said that for something like bitcoin to work it needed to be changed and they basically proposed that bitcoin be reformed so it worked exactly in the same way that fiat currencies work, they do not understand that bitcoin is based on different principles, principles superior to fiat but that brings several other inconveniences, and one of those is the volatility for those that just want to accept payments.

But as I have stated before this is not a problem since he could use a third party service to accept payments on bitcoin and then convert that bitcoin to fiat and avoid the volatility completely.

Topic: Is it really a benefit that nobody controls the price? - page 3. (Read 986 times)